HARDV/OOD RECORD 



49 



car companies. Box manufacturers and planing mills were busy right 

 up lo Christmas, the former being especially after lower grades of hard- 

 wood. Plain and quartered oak ieads in present demands and nearly all 

 grades of oak are in good call with light stocks. There is a good demand 

 for red gum in nearly every grade except firsts and seconds. Low-grade 

 poplar is selling well and there is improvement in the better grades. 

 Hardwood flooring is active and prices stiff. The logging season is 

 opening and some good shipments have been received locally from the 

 upper Curnberland river. 



^■< BRISTOL y- 



Lumbermen here report trade brisk and splendid prospects for the 

 year. Prices continue stiff, and it is believed that if the present scarcity 

 ■of stocks continues, prices will be considerably higher before many months. 

 Many lumber concerns here are looking about for more timber to increase 

 their output. Several large new mills are now being installed and will 

 soon b-:* in operation. 



=•< LOUISVILLE y 



As soon as could have been expected after the opening of the new year, 

 the demand for lumber made its appearance in normal strength. During 

 the latter part of December trade fell off considerably, as far as new 

 orders were concerned, but in view of the fact that both lumbermen and 

 their customers were making annual inventories this didn't matter much. 

 Business was kept up by the shipments on old orders, and as trade had 

 been brisk prior to that time, there was no lack of work for the yard 

 crews. In fact, by dint of getting out a lot of lumber on orders already 

 booked, some companies made December the largest in their history, while 

 November, with normal conditions prevailing as to shipments, was the 

 best ever for some concerns. January has done exceptionally well thus 

 far. and seems likely to hold up the excellent run of business which has 

 been enjoyed for the past five or six months. Plain oak, quartered oak. 

 ash. hickory, cottonwocd and gum are all in good demand. Poplar has 

 improved noticeably of late. Prices are steady to firm, and there is not 

 likely to be any material change unless it should be seen that demand 

 is running ahead of production, in which event still further increases are 

 likelv to be brought about. 



=-< ST. LOUIS y 



Hardwood conditions continue along the same lines as they have for 

 .some time. During the past few days business has been quiet, owing 

 to the holiday season and stock-taking time, but it is seasonable with 

 all that and was expected. Salesmen of the various yards have been 

 home for the holiday season but intend to return to their territories 

 within the next few days. Those interviewed while in the city stated 

 conditions in tlie sections tliey co\er are n;ost favorable lor a good 

 spring business. They stated that oak and ash are having a good sale 

 at stiff prices. Poplar is not selling as well as it did. Gum and cotton- 

 wood, liowever, are steady sellers. Cypress is selling prettj- well, and a 

 good business is looked for in the early spring. Yards making a specialty 

 of cypress are well pleased with the outlook and anticipate a good demand 

 within the near future. The sash and door factories have had a good 

 season before them. On the whole, the outlook is excellent for a most 

 satisfactory spring trade. ' 



=-< MILWAUKEE y 



The local hardwood trade is beginning to fall off somewhat, owing 

 to the fact that many manufacturing concerns are now in the midst 

 of their annual inventories. The decrease in demand is nothing as 

 compared with what is usually experienced at this season of the year. 

 Just as soon as the inventory work is out of the way the local sash and 

 door plants and other manufacturing concerns will be operating full 

 time and will want plenty of lumber. Stocks at all of these plants are low 



Reports from the northern mills indicate that a brisk demand for 

 lumber is being experienced, but that buyers are finding difficulty in 

 having their orders filled. The scarcity of upper grades has resulted in 

 a better call for common grades, especially in maple, birch and basswood. 

 There is little prospect of securing new lumber in shipping condition for 

 five or six months, and the situation is regarded as serious by many 

 Jobbers and manufacturers, considering the scarcity of all dry stocks. 



Plain and quartered oak is strong and prices are somewhat higher. 

 Hard maple is selling well and reports from the mills are to the effect 

 that some good contracts have been placed in this line. 



.-< DETROIT y 



The opening of the new year finds the Detroit hardwood market in 

 very good condition. Dealers and manufacturers report a big volume of 

 orders and inquiries. Many dealers are running low on stocks because 

 of delayed freight shipments, due to the embargo which has been in 

 «ffect at Toledo. Elm, birch and maple have been in steady demand. 

 Oak, especially the two-inch size, is very scarce and the price is steadily 

 mounting. A further increase in prices all along the line is predicted 

 by many dealers. The flooring, veneer and box trades are all very busy, 

 the flooring manufacturers being especially pleased with existing business 

 conditions. Hardwood men are unanimous in their prediction of big 

 business during the spring and summer of 1913. 



Thirty-two years have wrought wonderful 

 changes in values, sources of supply and national 

 regard for timber. 



Thirty-two years ago we advised our clients to 

 buy timber ; twenty-two years ago the same advice 

 was given; twelve 3'ears ago it was reiterated; 

 two years ago we restated our belief in the con- 

 tinued increase in the price of timber and today 

 we reaffirm it. 



.\ctina: upon the POINTERS we gave, at the time they 

 were given, hundreds of investors have reaped ricli promts. 



Knowiner limber to be a safe investment and believing 

 our organization to be of value to those contemplating 

 the purchase of timber, we have issued 



A BOOK OF POINTERS 



in which we have endeavored to crystallize the observa- 

 tions of thirty-two years' timber research. 



It was worth our while to formulate "pointers"; it 

 sliould be worth your while to assimilate them. 



JAMES D. LACEY & CO. 



Timber Land Factors 



Chicago, 1215 Old Colony Bldg. Portland, 1104 Spalding 

 Bldg. Seattle, 1009 White Bldg. 



.lames D. Lacey & Co. Form H. 



1215 Old Colony Building, Chicago, 111. 

 Gentlemen: Please send copy of Pointers to 



Name 



Street or Ofllce , 



City State. 



Clip above form and mail today. 



FOR QUICK SALE 



Tank and Seat Factory 



Plant, Real Estate, Power, 

 Heating Blower, Lighting 

 and Machine Equipment 



For Sale or Lease 



Inventories $45,000 



Built in 1911. Contains Dry Kiln, 

 Wood Shop, Shipping- and Assem- 

 bling Room, Varnishing Room, 

 Stock Room, Boiler and Engine 

 Room. Lowest insurance rate. 

 900x1200 sq. ft. of land. 



Write for Descriptive Circular and information 



Location — Address 



Pillsbury & Baldwin Co. 



St. Johnsbury, Vt. 



