48 



HARDWOOD RECORD 



May 25, 1919 



Jackson & Tindle 



ELM and BIRCH 



4/4 to 12/4 All Graaet 



Well assorted stock 



4/4, 5/4, 6/4, & 8/4 No. 3 

 Hardwood 



MUls at PELLSTON, MICH. 

 MUNLSING, MICH. 

 JACKSONBORO, ONT. 



Send your 



Main Office 



BUFFALO, N. Y 



inquiries to 



SALES OFFICE: 303-304 Murray Building 

 Grand Rapids, Mich. 



Here's Something 

 Unusually Caood 



MAPLE 



12/4" 2 & Better 24,000 feet 



10/4" 2 & Better 150,000 feet 



ELM 



6/4" 3 & Better 30,000 feet 



8/4" 3 & Better 40,000 feet 



12/4" 3 & Better 25,000 feet 



BIRCH 



4/4" 3 & Better 80,000 feet 



The above stock is of a fine quality, — the 

 best in the land. We also carry a complete 

 stock of Hemlock of all sizes and lengths 

 up to 20 ft., in good shipping condition. 



•bailing Hanson L/ ompan y 



GRAYLING. MICHIG'AN' 



The Tegge Lumber Coi 



High Grade 



Northern and Southern 



Hardwoods and Mahogany 



Specialties 



OAK, MAPLE, CYPRESS, POPLAR 

 Milwaukee,.. Wisconsin 



proaching that situation. The orders from manufacturers of furniture 

 show a larger demand for the highest grades and there is a good increase 

 in the demand for walnut, oak, and mahogany. In every instance, local 

 dealers report at least a fifty per cent increase in volume of business 

 over the corresponding period for last year. President indications are 

 for a gradual steady growth. Inquiries for walnut are numerous. Indiana 

 has adequate supplies of good walnut wood standing, and will be able to 

 supply the trade for many years. During the last month, more than 

 twenty corporations, capitalized at from $50,000 to $000,000 have been 

 formed to erect modern apartments in the city. The building permits for 

 most of these apartments have been issued and active operations will be 

 commenced immediately. This undoubtedly will quicken hardwood trade 

 to a considerable degree, and give business the upward tendency which it 

 lacked during the time of hostilities. 



EVANSVILLE 



Trade with the hardwood lumber manufacturers of Evansville and 

 southwestern Indiana has been on the upward grade tor several weeks, 

 and all indications point to a continued good business. Hardwood plants 

 are being operated steadily and manufacturers report the trade outlook 

 very good. Prices on the best grades of hardwood lumber continue to 

 advance from time to time and on certain grades that are scarce It is 

 believed that the price will continue to advance. Hickory has been 

 scarce in this section for quite a while, manufacturers of vehicles saying 

 it is almost impossible to get all the hickory needed in running their 

 plants. Quartered white oak is in excellent demand and prices are high. 

 Plain white oak also is strong and quartered and plain red oak are brisk. 

 Ash has been rather quiet but is expected to pick up before long. Maple 

 and elm are Inclined to be draggy. Poplar is moving fair. Quartered 

 sycamore is in very good demand. Cottonwood is not moving briskly. 

 Slack and tight barrel cooperage manufacturers report that trade has 

 been rather sluggish for some time. Furniture, chair and desk manu- 

 facturers are reported to be the best buyers at present. Musical instru- 

 ment and automobile manufacturers, however, have been in the market 

 for considerable stock. Most of the large wood consuming factories In 

 Evansville and other towns in the tri-state territory are working full 

 time with the outlook for summer and fall trade very good. Building 

 operations in southern Indiana are looking up some and it is believed 

 that the first of June will see a good deal of building under construction 

 in this section. Sash and door men report an increased trade. 



MEMPHIS 



There have been further heavy rains in the Memphis territory and 

 throughout the valley producing area during the past fortnight, and these 

 have resulted in material slowing down of logging operations. The quan- 

 tity of logs being prepared for shipment to the mills is comparatively light, 

 even on the basis of the recent low average, and a number of mills which 

 bad resumed operation, on the expectation that they would be able to 

 secure plenty of logs, have found it necessary to close down again. The 

 Valley Log Loading Company, which was recently planning to put on 

 additional log loading machines, finds it unnecessary to take this course 

 at this particular time for the reason that its equipment now in use is 

 able to take care of all the logs offered. 



Just when logging conditions will improve is altogether a matter of 

 weather. The clouds are heavy at this writing and indications point 

 to still further precipitation. Planting interests in eastern .\rkansas are 

 finding it practically impossible to get into their fields, which gives some 

 idea of the situation from the standpoint of precipitation. There is every 

 incentive to hardwood production. Demand is broad, active, aggressive. 

 Foreign and domestic interests are both in the market for large quan- 

 tities of lumber, for quantities materially in excess of the available sup- 

 ply. Some manufacturers are considering night and day shifts, and there 

 are other large production plans in contemplation. But every effort to, 

 increase output has thus tar failed for the reason that the logs are not 

 to be had in sufficient volume to justify such a development. Estimated 

 output for the Memphis territory for the 60-day period beginning May 1 

 is placed by the American Hardwood Manufacturers' .Association at prac- 

 tically C6 per cent of normal, but, in the light of the heavy rains during 

 the past two weeks, it is now admitted that this large a percentage of 

 normal output for this period will be almost, if not quite, impossible. 



The price position of the market becomes stronger each day. During 

 the past two weeks the advance in quotations has ranged, generally, from 

 .|2 to $4 per thousand, and in some instances quotations are higher than 

 they were at any time during the war. Prominent manufacturers here 

 have said during the past few days that they have lost money on every 

 sale they have made because they could have, by holding on a few days 

 longer, secured the advances which have been quite large. Buyers who 

 were remaining out of the market some time ago in anticipation of lower 

 prices are not bidding against each other openly, and they are simply 

 running the market up on themselves. There is nothing indicating that 

 the market has reached the maximum level, as almost every day sees some 

 idvance in quotations. But the American Hardwood Manufacturers' 

 .\ssociation has already prepared a note of warning to manufacturers of 

 hardwood lumber, entitled "Stop, Look. Listen," It is afraid that the 

 abnormal price level will have a doubly injurious effect — bring about a 

 substantial increase in output through double shifts and decrease the 



