38b 



HARDWOOD RECORD 



August 10, 1919 



(Criutinm d from imffc ;?.3bl 

 color extract. There are two other dye-yielding species which, while 

 they are not now of use in this market, it is believed that they will 

 eventually be used here; they are in the sangretoro {Maytetms crvi- 

 folia Bich.) and ayua {Zanihoxylvam sp.) 



Other Woods of Value. 



Ceiba (Ceiba pentandra (L.) Gaertn.) This is the most conspicu- 

 ous tree in Cuba as it attains considerable proportions. At present 

 the tree is not generally cut, but the wood which is soft and light 

 in weight has wonderful possibilities for use in place of soft pine. 

 By proper kiln-drying it can be made one of the most esteemed 

 woods of Cuba. It is believed that a demand for it in the States and 

 England can easily be developed. 



Guaguaci (Guarea trichiliodes L.) Tamao; yamagua; yamagua 

 Colorado. This is a relatively large tree closely allied to true ma- 

 hogany and the wood in the finished condition closely resembles the 

 latter. It is believed that a good market could be found for selected 

 material of this kind. 



Jucaro (Bucida huceras L.) This is the so called wild olive or the 

 ucar of Porto Rico. It produces black, very hard, heavy durable wood 

 used locally for wharf timbers, wagon spokes and railroad ties. Ee- 

 peated attempts have been made to introduce the wood here for cross 

 ties but without success; it has been used with satisfaction in Europe 



and it is believed it will soon become a regular article of trade in 

 France for this purpose. 



Ocuje (CaJophyUum calaba Jaeq.) This is the Santa Maria of 

 tropical America which in the minds of some will gooner or later take 

 the place of the rapidly diminishing mahogany. While the ocuje is 

 not botanically related to true mahogany it has many of its properties. 

 It is very abundant and the trees grow to great height and the logs 

 are generally free from serious defects. The Santa Maria has been 

 coming into this country in a small way for many years especially 

 from Mexico and Central America but it is believed that the Cuban 

 wood obtained from the elevated parts is superior to that from any 

 other region. 



Uvero (CoccoJoha sp.) There are several species all producing a 

 bright red wood of uniform texture. It is believed that a use could be 

 developed for quantities of this material in the cutlery handle trade. 



There are a number of other Cuban woods which are of value for 

 local uses, but do not occur in sufficient quantities to be of interest to 

 the markets in the United States or Europe. Much depends, however, 

 on the condition of the material when it arrives here. Small, knotty, 

 split and poorly-grown logs of any wood cannot be expected to bring 

 a satisfactory price in the foreign markets. A new wood can best be 

 introduced by supplying logs only of superior quality. 



Under tlie title "When Will Taxes Be Reduced ?" the Commerce 

 Monthly, issued by the National Bank of Commerce, N. Y., 

 jiualyzes the jirospective receipts and expenditures of the Federal 

 (Jovernmeiit and reaches the conclusioln that expenditures for 

 i919-2Q may be conservatively estimated at $7,000,000,000 or $7,- 

 .100,000,000, and total revenues including receipts on victory note 

 subscriptions, at about $7,000,000,000. Any remaining deficit can 

 easily be met by sale of Treasury certificates. Postyear prosperity 

 of the United States vi'as discussed in the August issue of the 

 Commerce Monthly. 



In the book eliititled "The World Tomorrow," prejiared by the 

 Mechanics and Metals National Bauk of New York, it is stated 

 tliat the United States faces an obligation that no other nation in 

 history ever faced — that of supplying for some time to come eco- 

 nomic support of the world. 



The Journal of Commerce announces that nine Uliiited States 

 lines have arrangeil for inauguration of services from New York 

 to Hamburg and Bremen. 



After the republican and democratic leaders had declared in 

 favor of a national budget system, the House rules committee, 

 July 29, recommended the passage of a resolution directing Speaker 

 Gillett to appoiint twelve members to frame the necessary legisla- 

 tion. 



The House committee on public buildings and grounds, July 29, 

 ordered a favorable report on bill introduced by Representative 

 Clark of Florida, to abolish the United States Housing Corporation. 



To reduce the cost of living. Representative Emerson has intro- 

 duced a resolution proposing the repeal of all taxes and import 

 duties on sugar and foodstuffs a'nd the removal of the war tax on 

 freight charges paid fur the transportation of food. 



Representative Curry introduced a bill proposing creation of 

 a department of aeronautics which would co-ordinate Army, Navy, 

 Marine Corps and post office air service. 



The Shipping Board announces that new trade routes establisheil 

 by the board now reach every quarter of the globe. Regular cargo 

 liner services carryiing American goods on scheduled sailings from 

 north and south Atlantic, Gulf and Pacific, ports, affording ship- 

 |iers express delivery to every port of entry in the world. 



A London cable to the Journal of Commerce says that despite 



general unrest, new capital issues continue to be oversubscribed, 

 among which is the city of Birkenhead $.3,000,000 five per cent 

 stock at 921'-;, the first municipal issue i/n Great Britain since 1914. 



A London dispatch to the New York World sa\'s England jjrc- 

 fers 20,000-ton ships and curtailed production is serious. Great 

 Britain will be more than 1,000,000 tons short of expected build- 

 ing program this year, which was to have been 2,.500,000 tons, 

 according to estimates. 



T. DeWitt Cuyler, chairman of Association of Railway Execu- 

 tives, announces that railroads allocated more thafn seventy per 

 cent of equipment contracted for by the government and have 

 agreed to a plan under consideration for some time whereby the 

 cost will be financed at a single operation by the formation of a 

 national equipme'nt corporation. 



Representative Julius Kahn, chairman of the House military 

 affairs committee, announces that arrangements are now being 

 ]ierfeeted for the sale to France of the bulk of motor transports 

 owned by the United States and assigned to the American Expedi- 

 tionary Forces. 



The Wall Street Jourlnal states tliat the German government will 

 spend $37.5,000,000 to reduce by fifty per cent the cost of food to 

 I'ailroad employes in lieu of higher wages sought by men. Grant- 

 ing of wage demands would have cost $1,000,000,000, which, added 

 to existing deficit, would have brought the annual total loss from 

 operation of German railways to $2,000,000,000, which is more than - 

 the country could have raised from taxation in addition to other 

 burdens. 



Trade Commissioner Grady of Londob, in a cable dispatch to 

 the Bureau of Foreign and Domestic Commerce, states that char- 

 tei's are being granted with regular frequency for banking institu- 

 tions designed to take care of foreign credits. The whole system is 

 under the direction of British Trade Corporation which was created 

 during the war by royal charter for the special work of reviving 

 .lurl extendUng British trade. 



A leading British piano manufacturer states that there are in 

 Germany today 43,000 pianos waiting to be dumped on the world's 

 markets at cut prices. 



Frank Morrison, secretary of the American Federation of Labor, 

 liufore tlio House Interstate Commerce Commission, August (5, pre- 



