HARDWOOD RECORD 





Don't Delay Placing Your 

 Luntber Orders 



There's always danger of disappointment when you let 

 the order go until just a few days before you require the 

 lumber; transportation is not always reliable and n© 

 matter how prompt the shipment, you run a risk. 



However, it is one of the strong points of the McILVATN 

 Service to make prompt shipments, and RUSH orders 

 are always given the attention they demand. 



So let us talk Lumber with you, and bid on your 

 specifications. 



J. Gibson McIlvain & Co. 



1420 Chestnut Street PHILADELPHIA 



Timber Talks 



Timid Friend: "Don't. That timber is not worth it, 

 and may not be in our day. Now, if you could buy tim- 



1880 (stumpage worth $1 to $2) — Capital: "I have ber at that price up North, I would advise you to do it." 



been offered a large tract of white pine timber at a low 1912 (Western stumpage worth $1 to $2) — Capital: 



price. I think I'll buy." "I am offered a fine tract of Western timber; the trees 



Timid Friend: "Don't. There never will be a mar- are big and stand thick. I am considering the advis- 



ket for all that timber." ability of making an investment." 



1890 (Southern pine stumpage worth 50 cents to $1) Timid Friend: "Don't. There is too much timber 



— Capital: "I have an option on a fine body of yellow out there and it is too far away. Now, if you could 



pine timber down South. Guess I shall take it up." buy at that price down South, I should say, 'Go to it.' " 



And it may have been the same timid friend that gave all this 



ABSURD ADVICE 



It was not more absurd in 1880 or 1890 than it is today, but seems so in view of 

 the great advances in timber values North and South. 



Today Northern pine is worth $8 to $14 a thousand feet, and an estimate will 

 show twice as much timber as it would have shown in 1880. More of the timber is 

 valuable. Yellow pine is worth $3 to $6 a thousand feet, with a like increase in the quan- 

 tity that can be marketed at a profit. 



Western timber has passed the day of acre valuation and now is offered at low 

 prices by estimated thousands of feet. The price of Western timber will follow in the 

 footsteps of that of the North and the South. 



For information regarding present opportunities, address 



James D. Lacey & Oompany 



TIMBER LAND RACTORS 

 CHICAGO PORTLAND SEATTLE 



