22 



THE HARDWOOD RECORD. 



WANTED. 



FIRST AND SECONDS AND COMMON 



PLAIN AND r\ A t£ 

 QUARTERED V^ M fV . 



H. E. CHRISTIAN, 



INDIANAPOLIS, IND. 



SAXTON & CO., Ltd. 



Eiporter.< and Dealer.^ 



LUMBER AND LOGS 



KNOXVILLE, TENN. 



Litsrpool & tondon Chambers. LIVERPOOL. 



. 86 Gracechurch Street. E. C . LONDON. 



CABLE ADDRESS: SEVIER. 



A. II >:., /.clira. I.\iint)crmnns \V. r. und 

 Privatf Cotlo 



LOCATIONS FOR 

 INDUSTRIES. 



Tlie n.Tuio of tlio Cliicigo, Mil\v;ni 

 keo & St. P.nnl Raihvjiy li.as Ions '"I'li 

 identified with practiciil mcTsliros for 

 the general niplmilding of its territory 

 and the promotion of its commerce, 

 hence manufacturers liave an assur- 

 ance that they will tind themselves 

 at liome on the company's lines. 



The Chicago. .Milwaukee & St. Paul 

 Raihvay Company's ^..^OO miles of 

 railway, exclusive of second track. 

 connecting track or sidings, traverses 

 eight states, namely: 



which comprise a great Agricultural, 

 Manufacturing and Mining territory. 



The Chicago, Milwaiikee & St. ra\il 

 Railway Company gives unremitting 

 attention to the development of local, 

 traffic on its lines and. with this in" 

 view, seeks to increase the numhcr of 

 manufacturing plants on its system. 

 either through their creation by Incal 

 enterprise or the influx of manufac- 

 turers from the East. It has all its 

 territory districted in relation to re- 

 sources, adaptability and advantages 

 for manufacturing. Specific informa- 

 tion furnished manufacturers in re- 

 gard to suitable locations. Address, 



W. B. DAVENPORT, 



Industrial Conunlssloner C, M. & St. P. R'y. 

 660 Old Colony Bide.. Clitcaeo, ill . 



THE MARKETS. 



CHICAGO. 



The local iiiarUct is nf siii-h a chnriK'ter 

 i-i to warrant the paradoxical statement 

 iliat It would he a little worse if It wdc 

 :i little better. The denniiid continui's 

 light, but It has hardly become dull enough 

 to civale any fear as to the iinmiiliate 

 luture in the minds of the dealers, and has 

 iiisi slackened i-iiough to make the cnn- 

 -iiiiic'r think the tide is downward. With 

 iliis stale of alTairs on une sidi' and .1 cnn- 

 siiiueiit effort to pound down juices, and 

 Mil the other sidi — the side of i)roilucllon — 

 .1 continued scarcity of dry slock and a 

 ^iroiig inclination (o maintain prices, busi- 

 ness to a considerable degree is about 50 

 per cent conversation. Hut. as first st:ited. 

 if demand hail continued uninterruptedly 

 i.'1'od, the situation woulil be worse; for as 

 it is now. there is some dlfiicidty in meel- 

 inir the calls. 



Il is reported at ilifferent buyin.s sources 

 that there is some I'.isiug up in supply In 

 the mtitter of plain and (iiiarlered oak and 

 poplar, but it is not yet nearly normal, and 

 if all signs hold good there won't be any 

 stnplus this year. The item that has till 

 .ilong seemed the most feverish is quar- 

 Icred oak, and those who had any inclina- 

 tion to doubt the stability of prices picked 

 c|uartered oak as the lirst to feel the ef- 

 fects of a decline. I?\it there is very little 

 in the tnarket. very little arriving, or in 

 sight for that matter, and although a little 

 lighter in demand there is liut little, if 

 :iny. deviation in price. Plain oak is no 

 (loubl lieing offered a little more freely, but 

 it is such a staple variety and always 

 more stable in price than any other wood 

 that a little suri)lus does not operate 

 against it, and, in fact, is desirable. Pop- 

 lar in the upper grades is in light sufiply 

 and price is being well maintained. The 

 lower grades, however, .-ire not in quite 

 such good demand, and a shade lower in 

 price. The same is also true of cotton- 

 wood except that firsts and seconds quality 

 and box boards are exceedingly strong. 



The situation as to northern woods is, if 

 anything, more favorable. Hasswood is 

 coming in more freely, but not on a lower 

 basis, and the indications are that it will 

 be higher in price. Maple is also arriving 

 in quantities, but reports from those who 

 have been visiting points of production are 

 to the effect that stocks are very short at 

 mills and that maple will be one of the 

 strongest items on the board this fall. 

 Mirch is more plenlifnl. but it is favored 

 with a growing demand. 



Yellow iiine and cyi)ress are in better 

 supply than any of the hardwoods. Iiut are 

 proportionately active. 



CINCINNATI. 



There isn't much doing in local hard- 

 wood circles .itist at present. Inquiries 

 have let up considerable and this seems to 

 be a ^•el•y good time for a vacation. The 

 saw mills are still actively engaged in the 

 manufacture of linnber. although a great 

 deal of it is still being applied on old con- 

 tracts, and consequently the gain in stocks 

 is not as great as first imagined. The 

 river is full of logs and most of the river 

 saw mills seem to have a supply on hand 

 that will run them for several months. 

 The saw mills locitcd in the countr.v are 

 iilso well supplied, and are experiencing 

 very little difticultv in procuring logs bv 

 rail. 



Shipments of lumber from this section 

 :n-i' not very heavy at present, I)ut the local 



denlei-.; w lio ship from (he .S.iulli chllu) 

 they .'III' having dilliculty in gi'ltlng cars. 

 This is rather uniK'counlabb-, as the ship- 

 ment oi i-odon has not yet eoninienceil. 

 .Iildglm; tiom the present state of arfairft 

 the CHI ^iiiiiition will be worse than ever 

 before liii-^ fall. 



IX'spitc the fact that business has been 

 rather Muicl for about a •month, theiv hiiR 

 been n^ changi' in prices. It is thou;.'hl 

 by iiian.v that prices will .sag but very 

 mile iMilcss the stringeiii'y in the nniney 

 iinirkcl which is elTecting Ihe I':ast nuiki's 

 lis effi'ctv felt throughout the country. 



Tile cxpiirt tradi- Is also commenchig to 

 show the effect of Ihe weather, although it 

 seems to be holding out belter than the 

 domestic trade. (Quartered white oak Is 

 Ihe IcMiliiig seller, with poplar, gum and 

 cotloiivvuod following in the onler* men- 

 tioned. 



In o.ik there has been practically no 

 <-hange diu'ing the past two weeks. The 

 same is true of gum conditions. About the 

 only change in poplar is that the lower 

 grades ale a trille weaker iind prices are 

 not quite as firm. 



CottniiwiMKi is improving slightly; this is 

 liarticiil.uiy true of the box common irradi-. 

 I ir.v stocks of Cottonwood .appear lo be 

 rather scaroo. 



« .Vniong the other wood, chestiuit. ma|de 

 and cvpress are f.-ivored with occasional 

 calls. 



PITTSBURG. 



Onci' more the lumber market in Pitls- 

 hnrg is threatened with a slump owing to 

 the tinuble between the Building Trades 

 ('ouncil and the Builders' Kxchange. which 

 is likely III result in a I'omplete tie-up of 

 buildiiJL' operations. Over Iii.Ckhi mi-n are 

 now out .Hid if the troubli' is not settled 

 in a few days many large orders for imme- 

 diate deliver.v will be cancelletl. If the 

 strike continues long it well effect the f.ill 

 lumber market very unfavorabl.v, for tlieic 

 is a large amoiuit of house building in 

 contemplation or on the architects' boards 

 whi<'h will be called off for an indefinite 

 pcrioil unless tlie owners find they can 

 iiave some assuranci" when their buildings 

 will be done. "Tight" money is holding 

 up biiililiiig considerably also and this com- 

 plaint is not likely to be relieved for sf • 



time. 



In general the market kept up very well 

 till .\ugnst 1. Some trouble has been ex- 

 perienced in getting cars lately from the 

 South and West. This difficulty has. how- 

 ever, been full.v counterl)alanced b.v the 

 except ionall.v wet season, which has en- 

 ableil lumbermen up the Allegheny Itiver 

 and its tributaries, as well as in the West 

 Virginia lield. to make several trips down- 

 stream with rafts instead of tlie two trips 

 usually m.ide. Hemlock and oak continue 

 scarce and prices remain firm. White iiine 

 and red ced.-ir are hard to get. Orders for 

 flnishinix lumber have been a little slow 

 on delivery of late and a few .jobs are held 

 nji tempoiaril.v on this account. 



With 1(11 al firms the season has been a 

 very bus\ one thus far. and even now 

 man.v of them report their affairs so thriv- 

 ing that tlie.v do not feel that they can 

 take the usual two weeks or a month off. 

 A big proportion of the firms here have 

 made large purchases of timlier since Ma.v 

 1 in West Virginia and the South, and are 

 bending their energies to getting new mills 

 installed so tli.it they can get out the tim- 

 ber in I lie fall. These projects with the 



