4« 



HARDWOOD RECORD 



and seconds is moving pretty well, although the common is not activL-. 

 Brown ash is one of the other woods in better than average demand. 

 Maple shows a tendency to advance and is being held at unusually strong 

 figures at the producing points. Chestnut is stated to be in normal 

 demand, while poplar remains a rather slow mover, though direct ship- 

 ments are being madp West, 



•< PHILADELPHIA >< 



Although somewhat of a hiatus is always expected during the opening 



weeks of the new year, owing to the natural distractions of the holiday 

 season and the balancing of accounts for the past year, the hardwood 

 market has maintained a reasonable activity during the last fortnight : 

 many inquiries have been made and a considerable amount of business 

 booked. Evidently the business man is anticipating a prosperous year, con- 

 sequently is making every effort to secure himself with sufficient stock 

 ahead. Although reports from the mill end indicate better conditions as 

 to logging, etc.. the orders already placed will no doubt prevent any 

 accumulation of stock for months to come. 



The wholesale consumers continue fairly active, and an optimistic feel- 

 ing as to outlook is expressed on all sides. There is no Indication of a 



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diminution in activity among hox makers, and building operations for 1913 

 are in for a large volume of business for interior finish work. Conserva- 

 tive houses concede that everything looks satisfactory for the coming year, 

 but the momentous question. "Can yoS deliver the goods?" is already 

 being heard in many places among the anxious buyers. 



There is no sign of wavering perceptible anywhere in hardwood prices, 

 and any probable change will more likely strengthen than weaken values. 

 Oak continues king of woods, with quartered oak climbing ; ash shows 

 improvement ; basswood, maple, birch and beech are in good demand : 

 poplar holds steady ; mahogany is much called for in the furniture trade. 



^-< PITTSBURGH y 



Some casing off in buying is noted in the hardwood market since the 

 first of the year, particularly in the East. This is reported to be due to 

 tlie fear of unwise tariff agitation. In general, however, the tendency is 

 toward strong buying even for delivery six and eight months ahead. 

 Prices are good and there is no doubt but that business is coming in in 

 a much larger volume than last year. Yard buying is not satisfactory. 

 Retailers have been unusually careful this winter in taking stocks and 

 are looking ahead with a wise eye to forecast the building situation more 

 carefully before they order heavily. 



-< BOSTON y 



The feature of the hardwood market in Boston is the strength with 

 which prices are held rather than activity to demand. Practically all of 

 the reports from mill sections of the country indicate renewed strength 

 upon the part of manufacturers. The stocks of hardwood lumber at mill 

 points are not large aiui manufacturers insist upon asking prices, feeling 

 they are justified in doing so. Tliere may be a few lots offered from time 

 to time that would indicate that the holders were not quite as firm as 

 reports show, but when the whole story is told, it is generally found that 

 the offerings are not up to standard or that some manufacturer is in 

 need of cash and is willing to make a concession in order to get the ready 

 money to meet some pressing obligation. 



The general demand for hardwood lumber in this market is fair. Con- 

 suming manufacturers are doing a good business and in but few cases 

 are tb^ir stocks of lumber lars'*. Kor several weeks reports have tended 

 toward a further advance in plain oak. and during the past two weeks 

 some dealers have actually asked a higher figure. This is especially true 

 of stock coming from Indiana and Ohio, i^uartered oak has also been 

 firmer with a better demand. Low-grade poplar continues to sell well, 

 hut the top grades are not active. Ash has attracted a fair amount of 

 Imsinrss. and the demand for elm has ruled moderate. Cypress is in fair 



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-^ COLUMBUS y 



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The hardwood trade in Columbus during the past fortnight has been 

 aetive in every direction. The demand for all varieties and grades has 

 been good and prices have been well maintained. Stocks in every locality 

 are rather light and no accumulations are reported in any section in this 

 territorv. 



One of the worst features of the trade has been (he high waters which 

 shut off traffic on a number of railroad lines from the hardwood field-^. 

 This is especially true of the C. & O. and the K. & M., which cross the 

 Ohio river Into Ohio from the West Virginia fields. The bridge on the 

 C. & O. was destroyed and traffic on the K. & M. was suspended for 

 almost a week. The net result of this state of aftaiis was a dearth of 

 stocks in many places. The car shortage is still bad, although not so 

 many complaints have been heard recently. 



Manufacturing establishments are still the best buyers of hardwoods, 

 although the yard trade is in the market for larger stocks. Retailers' 

 slocks are light and tliere is every indication of active building operations. 

 Factories engaged in making furniture, implements and vehicles are buy- 

 ing larger stocks. 



Quartered oak is iu good demand in every section and prices are firm. 

 There is a good demand for plain oak, both red and white, at firm prices. 

 Che&tn'ut is one of the strongest points in the market, with sound wormy 

 especially in demand. Poplar is more active and stocks of the lower 

 grades have decreased. Ash is selling well and the same is true of bass- 

 wood. Other hardwoods are unchanged. 



=■< BALTIMORE y 



The hardwood business lias been somewhat quiet so far this year; at 

 Ii'ast some members of the trade have found it so, while others state that 

 they are getting a considerable number of orders aud have nothing what- 

 ever to complain of. However, even those who report quiet admit that 

 they have no unsold stocks of dry lumber on hand, and that they find it 

 exceedingly difficult to obtain supplies which they could readily place. 

 Apparently lumber is not any more plentiful than it has been in months, 

 with' the demand sufficient to take up promptly the output of the mills. 

 The exceptionally mild weather in the East facilitates operation of mills 

 and the production is likely to run ahead of most other years, though the 

 absence of snow is something of a drawback, logging being made more dith- 

 cult. Apparently there is a place for all the lumber that can be turned 

 out and the accumulation of a surplus is not looked for. 



