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HARDWOOD RECORD 



November 10. 1916 



Have you Been any better Walnut logs than theee? 



'"T'HEY all grew right in Indiana where 

 •■• hardwoods have always held the 

 choicest farm lands. The best growth of 

 timber as well as the best yield of wheat 

 comes from good soil. The soundness of 

 the log-ends shows that they fed on the 

 fat of the land. My 



Indiana Oak 



comes from the same soil 



CHAS. H. BARNABY 



Greencastle, Indiana 



You Can See Logs Like These 

 on Our Yard Any Day 



STIMSON 



p. O. Box 1015 



VENEER AND LUMBER 

 COMPANY, INC. 



Memphis, Tenn. 



MANUFACTURERS 



Hardwood Lumber, Rotary Cat 

 Veneers, Rotary Cut Gum Faces, 

 Cross Banding and Cores. 



pleted the erection of a large modern office building at its property on 

 Grand avenue, adjoining the Milwaukee road depot. The building Is 

 30 by 34 leet in size and is equipped with electric lights, heat and 



other modern conveniences. 



The Hardwood Market 



< CHICAGO >- 



The most pleasing feature of the local situation is the evident strength- 

 ening in the oak demand and values, although the demand has made in- 

 creases somewhat out of proportion to the resulting stiffening of prices. 

 Naturally this is probably due to the presence of the usual weak sisters. 

 Contiidering the whole situation locally, the greatest concern of Chicago 

 buyers is to secure the lumber they need. This applies to both southern 

 and northern hardwoods. 



In northern stocks there has developed a material lessening in quanti- 

 ties of available stocks in the upper grades, although the trend of the low- 

 grade items is not so favorable. This condition, however, is but tem- 

 porary and it is anticipated that it will be altered materially in the near 

 future. 



Aside from oak, the strongest southern item, and in fact this item is 

 really way in the lead, is gum in its various grades. The position of this 

 wood is becoming firmer almost week by week. Prices have not gotten 

 to a point strictly in conformity to intrinsic worth on account of addi- 

 tional logging cost, but are rapidly approaching a satisfactory level. Cot- 

 tonwood continues strong and there is continued difficulty in securing all 

 that is needed. Its corresponding wood in the East, poplar, is doing 

 better month by mouth. It seems to have gotten almost entirely out of 

 the rut into which it slipped after its rejection by the automobile manufac- 

 turers. It is seeking and finding new channels making possible its ex- 

 panded use. 



=-< BUFFALO >•- 



The hardwood trade is not showing any great activity. Prices are 

 generally holding firm. It is difficult to get lumber from the mills, either 

 by rail or water. Car scarcity at southern mills is reported particularly 

 severe this fall and many delays ensue. The lake trade has dropped 

 off very appreciably, owing to the lack of boats and the high lake freights. 

 The latter are the highest in years, being $4.50 on hemlock and $5 on 

 liardwoods from the straits. Tho.se who have stock to bring down do 

 not e-xcept it to arrive this fall, and are hoping that rates will be more 

 favorable in the spring. 



Oak Is said to be in better demand than a month ago and maple retains 

 Its position as one of the active leaders. .\ pretty good demand for ash 

 is noted. Most manufacturing plants arc running actively, but the high 

 prices now prevailing on all products entering into manufacture are 

 lowering the business profits. Costs are increasing rapidly in most lines 

 and manufacturers say this is detrimental to their business. 



--•<, PITTSBURGH >-= 



Hardwood men are well satisfied that the good business now prevail- 

 ing is going to keep up through the winter, providing a better car supply 

 Is secured. The great difficulty now is to get orders shipped. There Is 

 plenty of business, and prices are very satisfactory. Wholesalers, how- 

 ever, are having the worst time in their history to get cars and deliveries. 

 Yard trade is much Improved. Manufacturing concerns, industrial plants 

 and railroads are all buying much more lumber than a few weeks ago. 

 I'riees are strong all along the line. 



=-< BOSTON >.= 



The condition of the market as to values continues strong on all Items 

 with some unprecedented advances, notably hard maple, especially in 

 thick stock. This wood is very hard to obtain and quotations have reached 

 a point fifteen to twenty-five per cent above that of a tew months ago. 

 The volume of general trade is not large and remains subject to con- 

 siderable restriction on account of car shortage and the lack of reserve 

 or speculative buying by the retail yards and consumers, who seem to 

 have more confidence of the immediate than of the more distant future 

 situation. 



=-< BALTIMORE >= 



While some improvement has taken place in the hardwood trade, the 

 situation is by no means satisfactory, one of the most serious obstacles 

 to a fair movement being the scarcity of railroad cars. The inquiry for 

 stocks seems to have become more active, and there is every prospect 

 that an expansion in volume will take place, but for the present It is to 

 be said that lumber almost alone of all the commodities extensively used 

 has failed to benefit from the business prosperity reported in other 

 lines. Values are up to a certain extent, but the fact remains that the 

 cost of production has probably advanced even more, so that the mills 

 In the most favorable aspect are not getting any more for their lumber 

 tlian they did before, while the returns on various other lines of mer- 

 chandise have gone up 50, 100 and even 200 per cent. It Is an anomalous 



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