48 



HARDWOOD RECORD 



TIMBER ESTIMATES 



REPORTS rNCI.UDED 

 TOPOGRAPHICAL MAP, DETAIL ESTIMATES & WRITTEN REPORT 



GARDNER & HOWE 



ENGINEERS 



Clarence W. Griffith °Ton?r buiSI^"' Memphis, Tenn. 



Bluestone Land & Lumber Company 



.MANrFACTlIRERS 



WEST VIRGINIA HARDWOODS 

 Soft White Pine, Oak, Poplar, Chestnut, Hemlock 



Band Sawed Stock RIDGWAY 



PENNSYLVANIA 



COMPLETE PLANING 

 MILL FACILITIES 



Mutual Fire Insurance 



Best Indemnity at Lowest Net Cost 

 Can Be Obtained From 



Boston, Mass. 



The Lumber Mutual Fire Insurance Company, 



The Lumbermen's Mutual Insurance Company, 



Mansfield, Ohio. 



The Pennsylvania Lumbermen's Mutual Fire Insurance Company, 



Philadelphia, Pa. 



The Indiana Lumbermen's Mutual Insurance Company, 



Indianapolis, Ind. 



The Central Manufacturers' Mutual Insurance Company, 



Van Wert, Ohio 



The Record 



When northern pine forests ceased to yield lumber 

 sufficient to supply commercial needs, production of 

 northern hemlock and of southern pine and the value 

 of both kinds of timber increased rapidly. A broader 

 demand was created for it. 



The crest of southern pine production has been 

 passed. From the top record of 16,277,185,000 feet 

 in 1909 the cut dropped to 12,896,706,000 feet in 

 1911. A further decrease of at least 25 per cent will 

 be shown in the ne.xt ten years. 



To make good this deficit in the supply production 

 of western lumber will have to be increased at least 

 60 per cent. That will bring about a rapid increase 

 in the demand for and value of western timber. 



This is an inevitable FACT 

 Are YOU preparing to profit by it? 



Buy Western Timber NOW 

 before the Big Advance sets in 



We are offering some tracts that will make excellent 

 investments and will be glad to give complete infor- 

 mation about them. 



James D. Lacey & Co. 



Timber Land Factors 



Chicago, III., 1750 McCormick Building 



Portland, Ore., 1104 Spalding Building 



Seattle, Wash., 1009 White Building 



find it impossiijie to operate during the prevalence of the present high 

 stage of the Mississippi. This view of the situation is causing some- 

 what increased firmness on the part of holders of hardwood lumber. 

 The flood is restricting logging operations and the handling of timber 

 and is also an influence in that respect because tending to reduce tha 

 amount of logs available for the mills. 



I'lain oak is a very ready seller in all grades and is bringing full prices'. 

 There is also strong demand for the lower grades of Cottonwood and 

 gum which are being used largely in box manufacturing plants. The 

 supply of neither is large enough for requirements, with the result that 

 in-ices are somewhat in favor of the seller. The movement of ash is 

 moderately large. Those who have thick stock to sell are meeting with 

 no difficulty in disposing thereof. There is a (airly good demand for 

 quartered oak and prices are about the same as recently. Cypress is 

 moving in considerable volume but prices are not more than holding 

 their own. E.xport business continues quite satisfactory. 



=-< NASHVILLE >= 



Good lumber is at a premium, for dry stocks continue light and prices, 

 therefore, are still high. No considerable damage resulted from the 

 recent floods and storms, although more or less timber was destroyed and 

 the high waters somewhat interfered with the operations of mills on the 

 river banks and with the hauling over rural roads. The amount of 

 rebuilding which will necessarily follow the storm damage will naturally 

 benefit the lumber trade, both wholesale and retail, considerably. 



As to the business done on the local hardwood market. It continues 

 about on a par with that of several weeks past, although the situation 

 seems satisfactory to the members of the trade. Plain oak is still 

 leading in the demands and quartered oak is now not far behind it. 

 Ash, chestnut, hickory and cottonwood are holding their own ; gum is 

 slightly oft ; elm, basswood and poplar are about stationary ; cypress 

 is steady. 



There is a steady volume of business at good prices. The retail 

 trade is improving as the weather settles for spring. Box. sash and 

 door makers report improved business and all other consuming plants 

 are busy. Mill stocks of the lower grades are very low and this increases 

 calls for upper grades. Several buyers from other cities have recently 

 been here. High tides on the Cumberland river will bring large log ship- 

 ments to Nashville. Many millions of feet have already come this 

 season. The prediction is that 1913 will break the record here for build- 

 lug operations. 



-< LOUISVILLE y- 



Louisville i:i rapidly recovering from the effects of the second flood of 

 the year, and those concerns which were compelled to fight the high 

 waters directly have seen with relief the rapid ebb of the river from its 

 record stage, while others realize that the delays and interruptions to 

 which their business had been subjected by reason of broken postal and 

 transportation facilities are rapidly disappearing. It is believed that 

 another week will find matters close to normal, with business moving on 

 as usual. It is believed that the flood will not have a serious effect on 

 business, as fundamental conditions remain good. The demand is con- 

 tinuing, and lumber will be needed just as before, with perhaps a 

 slight incidental increase due to the demand for construction purposes on 

 the part of the railroads and others. Consequently the sentiment is op- 

 timistic all around. Prices are steady, with plain oak continuing to hold 

 the pace both as to sales and price. Quartered oak is also in good de- 

 mand, with ash showing continued strength. Poplar is moving somewhat 

 better. Cottonwood is also in demand. The remainder of the month will 

 be of value as indicating prospects for the next quarter. If trade holds 

 up, in spite of disadvantageous conditions which have been created, it 

 may safely be assumed that things are on a sound and substantial basis, 

 auguring a good year for 1013 at large. 



■< ST. LOUIS y 



Thi' local hardwood situation is fairly good aud to a certain extent 

 is satisfactory to the majority of the hardwood lumbermen. Quite a 

 nice volume oi business is being done, with nearly every item on the 

 list being in demand. Dry plain white oak is very scarce and in order to 

 hurry shipments of this item to their customers, lumbermen are utilizing 

 the dry-kilns of the planing mills and sash and door factories to dry 

 green wood for quick shipments. Quartered oak, gum. and cottonwood 

 are having a steady movement and the demand for poplar is increasing. 

 Ash is also having a good sale. Owing to the scarcity of these items 

 in the producing territory in the South, where it is almost an impossibility 

 to obtain dry stocks, and on account of the increasing rains and floods, 

 the situation is getting still more acute. A good price is obtained 

 for these items and dealers having any on hand find it possible 

 to obtain almost any reasonable prices. There is also considerable 

 strength shown in sap gum, the lower grades of this item being in 

 very good request. Red gum is also being called for quite fret-Iy. Cypress 

 continues to be a good seller and considorable is going out at quite good 

 prices. Stocks, however, are running low, owing to delays in inbound 

 shipments. The prospects are very bright for a good lively trade not 

 later than the middle of the month, as building operations are likely to 

 start at almost any time, now that the weather is becoming seasonable. 



