so 



HARDWOOD RECORD 



6T6I '01 }sn3nv 



Future Lumber Prices 



Up or Down? 



This phase of the kimber situation has 

 l^een discussed verj^ thoroughly in the 



TRADE BULLETIN 



of 



June 30th 



Why not send for your copy NOW 



Brookmire Economic Service, Inc. 



56 Pine Street, NEW YORK 



VESTAL LUMBER 

 & MFG. COMPANY 



INCORPORATED 



Soft Textured Oak 



Poplar 



Black Walnut 



Tenn. Red Cedar 



KNOXVILLE, TENNESSEE 



BAND MILLS AT VESTAL 



A SUBURB OF KNOXVILLE 



FbNDE, KY. 



The McDonald Company of Appleton, haw been incorporated with a 

 capital ^>tock of $50,000 to take over the business of the Miller Lumber 

 Company at Appleton. Martin McDonald, principal owner of the new 

 concern, is a large Canadian timber and mill operator who in his earlier 

 years was associated with the Miiier firm. 



The Wetzl Art Furniture Company, Milwaukee, has been organized by 

 liCa Wetzl and has opened a factory at 1367 Green Bay avenue for the 

 manufacture of book, table and dresser lamps, period furniture, special 

 design, and hardwood art goods of all kinds. Mr. Wetzl formerly was 

 connected with the Manitowoc Church Furniture Company at Manitowoc 

 and when the industry moved to Waukesha, Wis., several years ago he 

 accompanied it to, the new location, resigning a short time ago to establish 

 his own factory in Milwaukee. 



Ralph S. Gildart, for several years advertising manager of the P. B. 

 Yate.s Machine Company, Beloit. woodworking machinery, has hecome as- 

 sociated with the Kelvinator Corporation, Detroit, in a similar capacity. 

 The Detroit company manufactures mechanical refrigerating units for the 

 home. Mr. Gildart served nearly two years in the army. 



The Hardwood Market 



CHICAGO 



The past two weeks have noted a slight stabilizing in the market for 

 hardwood locally, resulting from various causes, including general speed- 

 ing up in manufacture, uncertainty among buyers as to continuance of 

 present markets, causing unwillingness to purchase far ahead, the abso- 

 lute tie-up of the building situation and a genei'al desire on the part of 

 both buyer and seller that stability should be attained. 



The liuilding situation is in no better and possibly in worse shape than 

 it has been, as officers of local unions have decided to call out men on out- 

 side jobs handled by local builders, regardless of where those jobs may be. 

 They have also come at employers with suits tending to indicate a con- 

 spiracy in restraint of trade because of not furnishing materials for local 

 jobs. Altogether the situatiim is in a bad way, but those in charge seem 

 to feel that there is a possibility of solution if they can get right 

 treatment from the men. If this solution is forthcoming in the near 

 future there will be let loose a volume of dammed up building projects that 

 will insure very great activity for a long time ahead. 



Local markets continue to climb, but the hysterical progress upwards 

 seems to have been checked somewhat and has assumed a more steady 

 and dignified pace. 



BUFFALO 



The hardwood market is holding strong and the demand for lumber Is 

 reported good. The volume of business cannot be considered great, some 

 wholesalers estimating their business as only half of last year's. The 

 small amount of lumber available, however, causes a strong demand for 

 most everything and has a stimulating effect upon all prices. Indications 

 are that the market will remain strong, since the mills are unable to get 

 help enough to turn out an increased amount of stock. 



Most everything is scarce and some substitution is going on. Ash is in 

 good sale where it is obtainable, but oak is being used in thick stock 

 because the supply of thick ash is so small. Cypress is in fair demand 

 and prices are strong. Poplar is holding strong and is in increased 

 demand. Basswood is scarce and strong. The yards are getting in a fair 

 amount of stock and reports from the mills are that they are unable to 

 accumulate much lumber and hence the purchasers are advised to take 

 what is offered immediately, rather than to look for larger supplies in the 

 near future or any lower prices. 



PITTSBURGH 



Hardwood men are getting quite the largest share of attention from 

 buyers and wholesalers are doing their utmost to push ahead this business. 

 Demand comes chiefly from the industrial and mining trade. Yard busi- 

 ness is very poor except in places where industrial operations are going 

 ahead. Prices are well held throughout the list. Oak is by far the best 

 seller but gum and cottonwood are finding a pretty good demand at higher 

 prices than prevailed in the spring. Flooring is not selling so well as in 

 former years when there was a big demand for building lumber. Prospects 

 i)f a good business in mining stocks are better. 



BALTIMORE 



The hardwood situation seems to be much the same as it has been for 

 months, with the quotations .still going up and the variations in the prices 

 named often very pronounced because of the difficulty of determining just 

 what the market is. Members of the trade admit that they do not know 

 whether they are asking too much or too little, but there can be no doubt 

 that the supply of lumber falls below the requirements, and that much 

 trouble is experienced on the part of buyers to make provision for their 

 wants. The needs of the users of hardwoods appear to be on the In- 

 crease, while the supplies leave much to he desired, with the mills in 



