Published in the Interest of Hardw^ood Lumber, American Hardn^ood Forests, Wood Veneer Industry, Hardwood Flooring, 

 Hardwood Interior Finish, Wood Chemicals, Saw Mill and Wood^vorking Machinery. 



Vol. XXI. 



CHICAGO, OCTOBER 25, 1905. 



No. 1. 



flfflwol RqcoM 



Published on the lOth and 25lb of each month 



By The HARDWOOD COMPAINY 



HENRY R. GIBSON 

 FRANK W. TUTTLE 



President 

 Sec-Treas. 



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General Market Conditions. 



General hardwood conditions tliroughout tlie United States, so 

 far as the selling qualities of hardwoods go, are in a condition 

 that is eminently satisfactory to all interested in the trade. On 

 the contrary, quite a number of lines of hardwoods are in short 

 supply, notably plain oak, ash and chestnut. 



The most serious condition that confronts trade activity in hard- 

 woods at this writing is the annual car shortage which seems to be 

 more severe right now than at any time in previous railroad trans- 

 portation history. Individual railroads are from 500 to 5,000 cars 

 short of requisitions, and this state of affairs will undoubtedly last 

 until the large grain and cotton movement ceases. Eailroad men 

 figure that lumber is not a perishable commodity, neither is it one 

 for which adequate storage room cannot be provided, and therefore 

 they say lumber can wait. General movement of freight of all 

 classes is slow at this time on account of the congested condition 

 of nearly every line of railroad. Even fast passenger trains are 

 repeatedly held up, owing to freight blockades.' 



There is nothing to note in special accretion or decline in the 

 values of any hardwood. Trade is going on steadily with a fair 

 volume, and there is an excellent prospect that stocks will be 

 nearer cleaned out of first hands by January 1 next than ever 

 before in the history of the lumber trade. 



Forests Vital to Our Welfare. 



President Roosevelt has a most intelligent grasp of the forestry 

 and reforestry problems of this country. He makes frequent and 

 timely utterances on this great subject which are invariably worthj^ 

 of consideration. In his speech at Raleigh, N. C, October 10, he 

 spoke as follows: 



And now I want to say a word to you on a special subject 

 in which all rhe country Is concerned, but in which North 

 Carolina has a special concern. The preservation of the 

 forests is vital to the welfare of every country. China and 

 the Mediterranean countries offer examples of the terrible 

 effect of deforestation upon the physical geography, and 



therefore ultimately upon the national well-being, of the 

 nations. One of the most obvious duties which our gen- 

 eration owes to the generations that are to come after us Is 

 to preserve the existing forests. The prime difference be- 

 tween civilized and uncivilized peoples Is that in civilized 

 peoples each generation works not only for Its own well- 

 being, but for the well-being of the generations yet unborn, 

 and if we permit the natural resources of this land to be 

 destroyed so that v/e band over to our children a heritage 

 diminished In value, we thereby prove our unfitness to stand in 

 the forefront of civilized peoples. One of the greatest of these 

 heritages Is our forest wealth. It is the upper altitudes 

 of the forested .-nountains that are most valuable to the 

 nation as a whole, especially because of their effects upon 

 the water supply. Neither state nor nation can afford to 

 turn these mountains over to the unrestricted greed of those 

 who would exploit them at the expense of tbe future. We 

 cannot afford to wait longer before assuming control, in the 

 Interest of tbe public, of these forests ; for if we do wait the 

 vested Interests of private parties In them may become so 

 strongly intrenched that it may be a most serious as well 

 as a most expensive task to oust them. If the eastern states 

 are wise, then from the Bay of Fundy to the Gulf we will 

 see within the next few years a policy set on foot similar to 

 that so fortunately carried out In the high Sierras of the 

 West by the national government. All the higher Appalach- 

 ians should be reserved, either by the states or by the nation. 

 I much prefer that they should be put under national con- 

 trol, but it Is a mere truism to say that they will not be 

 reserved either by the states or by the nation unless you 

 people of the South show a strong Interest therein. 



Such reserves would be a paying investment, not only in 

 protection to many Interests, but In dollars and cents to the 

 government. The Importance to tbe southern people of pro- 

 tecting the southern mountain forests Is obvious. These 

 forests are the best defence against tbe floods which in the 

 recent past have, during a single twelve-month, destroyed 

 property officially valued at nearly twice what it would 

 cost to buy tbe Southern Appalachian Reserve. The maln- 

 Lenance of your southern water powers Is not less impor- 

 tant than the prevention of floods, because if they are in- 

 jured your manufacturing Interests will suffer with them. 

 I do not think that the people of North Carolina or of any 

 other southern state have yuite grasped the importance of 

 this movement to the commercial development and prosperity 

 of the South. 



On the Subject o! Organization. 



In a recent speech made by Secretary Root in welcoming dele- 

 gates from the South American republics attending the session of 

 the general International Sanitary Convention, he made the follow- 

 ing utterances: 



There is no reason to believe that tbe individual intellect 

 of man is any more powerful now than it was 2,000 years 

 ago. But there is reason to believe that there Is an organi- 

 zation today which furnishes a platform from which as a 

 basis things can be done that were wholly impossible here- 

 tofore. 



Human activity Is capable of greater accomplishments 

 under the magnetic influence of association with other minds. 

 I believe almost all war and bitterness between nations 

 arise from misunderstanding, from a failure of the people 

 of one country to appreciate the people of another. 



The cure of national misunderstandings is acquaintance, 

 the cultivation of good relations and friendship among the 

 people of tbe nations. 

 What the secretary said concerning the value of organization as 

 applied to nations is fully as true when applied to any line of com- 



