42 



HARDWOOD RECORD 



July 10. 191'J 



MARGIN OF PROFIT 



Xo (itlicr (jiR'stion is mure inieresting nor 

 under more discussion than "What consti- 

 tutes a fair margin of profit?" 



Sfiul fur the June 9th FORECASTER. 

 You'll like it. 



Brookmire Economic Service 



56 Pine Street, NEW YORK 



BUSS-COOK OAK CO. 



BLISSVILLE. ARKANSAS 



MANUFACTURERS 



Oak Mouldings, Casing, Base and Interior 

 Trim. Also Dixie Brand Oak Flooring. 



As Well As 



OAK, ASH and GUM LUMBER 



Can furnish anything in Oak, air dried 

 or kiln dried, rough or dressed 



MIXED ORDERS OUR SPECIALTY 



PENN SUMTER 

 SALES CO. 



SUMTER, S. C. 



Hardwood — Cypress — Pine 

 3 BAND MILLS 



Modern Planing Mill and Box Factory 

 CYPRESS FINISH A SPECIALTY 



GUM ^ CYPRESS 



BOX SHOOKS 



Try our Thin Cypress Celling 



and you will want more of it 



the War Department to proceea with purchase or camp sites, ne^jotiations 

 lor which are pendiug. 



The Senate and House conferees reached an agreement ou .Juui- 24 uii 

 legislation to repeal government control of telegraph, telephone and nthci- 

 wire systems. 



The International Shipping t'i>ri><)riition announces that it will semi at 

 once the first of ten 10,000-ton stcM'l freight and passenger ships to Ecuador, 

 Venezuela and Panama in service with New Orleans. 



The Wall Street Journal states that the Omsk Russian government will 

 place orders in United States for .f 164,000,000 in military supplies for 

 Kolchak armies, and will also attempt to stabilize foreign exchange 

 through a committee for foreign trade. 



The Philadelphia Ledger states that inquiries made in London show that 

 it is possible to get manufactured steel from United States delivered at 

 British ports at a cost of from .flG to .$20 per ton below British prices. 

 A London dispatch states that there is a movement in progress to effect 

 an amalgamation of a number of big trade unions which are affiliated with 

 the National Federation of General Workers. 



M a convention of the Western Kfflciency Society in Chicago it was 

 stated that 55 per cent of factories replying to questionnaire to determine 

 success of employe representation in factory management, reported that 

 the plan had stimulated production. 



Miss Margaret G. Bondfleld, of the National Federation of Wonuin 

 Workers of England, says that the English Trade Union movement has for 

 its goal industrial and political control, which is fast becoming a realiza- 

 ti.in as the only means through which organized labor can attain its rights. 

 One-third of the workers in this country, or 12,000,000, are women, and in 

 Great Britain 700,000 are women. 



The St. Louis Chamber of Commerce has approved a plan for the forma- 

 tion of a million-dollar corporation to build homes for sale ou time pay- 

 ments to men w-orking for wages or salary. 



.\ccording to a dispatch received by the Overland Shipping Company, 

 San Francisco, Chinese merchants, importers and distributors have 

 extended the boycott against the Japanese by refusing to accept merchan- 

 ilise from United States and other countries if freight is shipped in Jap- 

 anese vessels. 



Director General John Barrett states that the fiscal year beginning July 

 1 will witness the greatest annual expansion of trade between United 

 States and Latin-.Vmerica that has ever taken place in peace times. 



The board will open office in New York for the sale of a number of ships 

 "wned by the Emergency Fleet Corporation. Price will be from •*210 to 

 .f225 a ton, depending upon type. 



The .\. F. L. convention at Atlantic City passed a memorial, which in 

 effect gave power to the executive council to oust from the organization all 

 labor unions displaying tendencies regarded as "unhealthy." 



Lord Morris, former ijrime minister of Newfoundland, states that the 

 time is not far distant when an airplane, flying 200 miles an hour, will 

 supersede the cable and wireless for quick message-carrying purposes. 



T. D. Cuyler. chairman of the Association of Railway Executives, an- 

 nounced in New York July 1, that a plan bad been completed for the 

 oi'gauization of a national equipment corporation, to take over and resell 

 to railroads $400,000,000 worth of equipment purchased and allotted to 

 them l)y United States railroad administration during the perinil i^if gov- 

 ernment control. 



It was announced in financial circles in New York, July 1. that a con 

 tract for the rebuiidiug of war-ravaged Nancy district of France has been 

 awarded to the Vulcan Steel Products Company of New York at an esti- 

 mated figure of $250,000,000. 



-Arrangements have been made by the American Manufacturers' Export 

 .Association whereby introduction cards will be placed in the hands of 

 foreign buyers about to visit this country. These cards, properly signed 

 by representatives of the United States government abroad, banks, cham- 

 bers of commerce and representatives of export associations in foreign 

 lands. Avill serve to accredit visiting buyers to the New Y'ork office, of the 

 association. 



Commissioner Dimakl of the shipping board is urging southern shippers 

 to take a more active interest in ownership of overseas vessels as a means 

 of promoting prosperity. 



A Pittsburgh dispatch states that steel production is now at about 65 

 per cent of capacity, against an average of 54 per cent in May, with a low 

 point during the month of about 50 per cent, and averages of 65 per cent 

 and 77 per cent in April and March respectively. 



On June 29 the resources of national banks under call of May 12 were 

 reported as $20,825,000,000, an Increase of $807,000,000 since March 4 

 and nearly $10,000,000,000 in last six years. 



Movement Toward Standardization 



On June 30 about forty representatives of luml>er associati<»ns met at 

 the Congress hotel in Chicago to take steps toward better standardization 

 of lumber products. The step was taken in accordance with a resolution 

 passed by the lumber congress which met in Chicago last .April. The meet- 

 ing on June 30 was presided over by W. E. Tattle of Westfleld. N. J. 



The discussion covered a number of points relating to standardization 

 of grades, forms, nomenclature, specifications, sizes, molding and wood 

 shingles ; and at the conclusion of the discussion resolutions were passed 

 embodying the results. One resolution requested manufacturers and 

 wholesalers of f)ine, fir, hemlock and spruce to adopt uniform grades and 



