32 



1 A K U W u O D RECORD. 



WANTED 



FIRST AND SECONDS AND COMMON 



PLAIN AND f\ A l^ 

 QUARTERED KJ f\ f\. m 



H. E. CHRISTIAN. 



INDIANAPOLIS. IND. 



SAXTON & CO., Ltd 



I'xpnrtcr* unJ Dealers 



LUMBER ANnLOGS 



KNOXVILLE, TENN. 



Llvarpool & london Chambers LIVERPOOL. 



86 Cracechurch Street. E. C . LONDON 



C*BLE ADDRESS: SEVIER. 



A. II. C, Zebra. I.iimlwrman's W. f. ami 

 Pritalf Codes. 



THE MARKETS. 



CHICAGO MARKET. 



riii' Chii'iigii iiinrket lias been ill a pei-ii- 

 ai I'lXidlliiin for llie past thirty days. 

 riii-rc has uni|Uestionalily been a shx'keii- 

 ii:: ill (be deinaiiil and while (here Iihh 



I II apparently no considerable (ilTerliigK 



iliey have proviil siitllcieiit lo <'iiuse some 

 ic\islon of prices in a giMxl many kinds 

 Mill grades of hardwood lumber. This Is, 

 '•r (nurse, the periiHi of usual iiiidsiiiunier 

 .liillness, but It Is getting well along to- 

 w.ivil the close of that season and with the 

 iii-sl of Sepleinljcr only a few days distant 

 iliire should be more snap to the niarket 

 liii-ii there is. 



'I'liere is the usual element in the sitiia- 

 lion wliich may be traciil lo natural causes 

 .mil tin- usual element which (•.iiiiiot be 

 .iiiouiited for. 



The great incivase in the cost of build- 

 ing in this city, due in part to the increase 

 ill the cost of mateiiai and lalwr, and in 

 ^.'lealer part to the fact that various pools 

 :iii(l combinations have the building trade 

 li.\ the throat, has had the effect of check- 

 ing building operations. There are a great 

 number of large building operation.s, for 

 which the plans are made, iH'ing held in 

 abeyance awaiting more favorable condi- 

 tions. But still there was an immense 

 aiiiount of building started last spring, the 

 interior wotniwork for which is just being 

 gotten out. which should. It would seem, 

 cause a stronger demand for interior linish- 

 Ing lumber than exists at present. 



There are also. reports that in some lines 

 of manufacturing, notably in car construc- 

 tion, there is a let-up in demand. It would 

 seem, however, that there is scarcely 

 enough of this to have much effect, but 

 still there is no doubt, but that there is 

 some concessions being made in prices of 

 some kinds and grades of stock. Reports 

 from the country indicate that stocks in 

 the hands of shippers are light and we 

 lioj)e and Ijelieve that once fall trade is 

 f.iirly opened the situation here will be- 

 come stronger. 



Poplar is unquestionably lower and quar- 

 ter-sawed white oak is at least easier. 

 Plain-sawed rcnl oak is holding its own 

 well and so are most of the northern h-ird- 

 woods. notably birch and maple. 



MEMPHIS. 



Memphis. Teiiii.. August 19. 

 The lumber situation is still strong in 

 .Mcini)his. the passing summer quietude 

 withal. There is small accumulation of 

 stock, difficulty in filling orders even now 

 on dry stock in more than one wood ami 

 M'ly sm.-ill iirice concessions. The market 

 nil Cottonwood and gum is hardly so stiff. 

 Cypress is more plentiful. Ash and pop- 

 lar. -ire in good demand. Plain red oak and 

 quartered white and red have within the 

 last few days been about the best in de- 

 mand. The export trade is reported as 

 mure quiet of late. 



ST. LOUIS. 



So I. II ;!■- Ilic deiiiillid Is coiici'i'iiiil St. 



I/«iuls I- liiioiis are entirely sndsfaciory, 



nnd ilieri' bas Ihmmi a dcddnl gain In 

 NlU'K iliM'iiig the past nionlli. In nearly 

 nil liiii's <<( I'oiiHuiiiptlon there is nn active 

 cull Ini' liiiiiber which cannot. In all lli- 



Ktai ^. bi' satlKlled. and the indications 



are Ibat this deiiiand will steadily incii'use 

 dlirliiu' the rest of (he season. The sllu- 

 atloii Is siii-h (bat there are many more 

 biiyi-rs than sells of lumber, and. as the 

 visibli- Miiiply Is so manifestly Inadequate 

 to (he market reqiilremeiils. conditions are 

 apt to lie stralneil during all the rest of 

 (In- ye:ii-. SI. I.oiils is in peculiar trouble 

 .so far :is the fall supply of lumber is con- 

 cerned, as the railroad sltiiadoii is siicli 

 tlia( only a IIiiiKihI portion of (he jxir- 

 cliases being made can be brought in(<i 

 (Ids marke(. Few of the railroads east 

 of (he liver will even accept lumber shiii- 

 meiits for St. I.oul.s. wliii'h practically cu(s 

 ou( (111- whole of (he .Mississippi and .\la- 

 liain.'i b.'ii'ilwood district fnnn the SI. I.ouis 

 market. ICven west of the river there is 

 ditfienlly in securing a sutlieient number 

 of cars for lumber shipmenis anil these, 

 when loaded, are moved with such uncer- 

 (ain(y and so many delays (hat many are 

 as niiieli as ninety days on the road. As 

 the glut of freiglit in St. Louis and Kast 

 St. I.oiiis is much more serious than it 

 was .1 few weeks ago. despite strenuous 

 efforts In improve (he sKuadon. and as 

 (he grain season is now at liand. it is 

 h;:rdly probable that there can be miK'b 

 relief during the next several months, and 

 few of (he local wholesalers look for a 

 i-hange In (he railroad situation before 

 next I'ebriiary. Nevertheless, as St. Louis 

 is in need of lumber, buyers are being 

 kept In the southern fields, both east and 

 wes( of (he river, and .an effor( will be 

 made to ship all lumber possible from 

 points 111' production (o poln(s of consuni])- 

 (loii. tlins avoiding the delay and t.ingle of 

 bringin:.' llie stock through or (o (his mar- 

 ket. There ai^e certain itetns of green 

 lumber which are in very good supply in 

 St. J.oiils. luit the bulk of this lumber will 

 not be In a shipping condition before ne.vt 

 spring. Local stocks of slilp|ilng dry lum- 

 ber are badly depleted and It Is jiractii-ally 

 impossible to improve them. Itnyers re- 

 port that such stock as is being mannfac- 

 tmed is being absorbed very rlose to the 

 s.-iws. .ilihougli there is an increased pro- 

 duction when i-oiniiarison is made with 

 two or three months ago. .\11 markets are 

 buyini,' whatever lumber they can secure 

 and tlie range of ju'ices at mill points is 

 iiarriiwing down (o a higher basis (han 

 has ever before prevailed. This, as a mat- 

 ter of course, is having its effect upon St. 

 Lculs prices, and while the average item 

 is now higher than at last report, there is 

 a luuih nairower range to the quotations. 

 The Imal factories are buying freely of 

 such slock as meets (heir various require- 

 men(s. and the box factories, especially, 

 are h.iving dilliculty in securing iis much 

 lumber as they need. 



As there is practicall.v no quartered 

 white i.ak to be found in St. Louis, prices 

 on this Item are very high, and those deal- 

 ers in need of it are willing to pay almost 

 any tiiriire asked, (^uartereil ivd js in al- 

 most the same shape. Imt it is possible to 

 secure it in larger amounts tlian the white. 

 In quarter-sawed lumber the demand is 

 strongest for upper grades, but there is 

 also a strong call for common, and this is 

 practically as scarce as the uppers. In 



