42 



HARDWOOD RECORD 



January In. I'JIV 



FTave you seen any better Walnut loBS than these' 



' I 'HEY all grew right in Indiana where 

 ■*• hardwoods have always held the 

 choicest farm lands. The best grow^th 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. ri. BARNABY 



Greencastle, Indiana 



You Can See Logs Like These 

 on Our Yard Any Day 



STIMSON VENEER AND LUMBER 



p. O. Box 1015 



COMPANY, INC. 



Memphis, Tenn. 



MANUFACTURERS 



Hardwood Lumber, Rotary Cat 

 Veneers, Rotary Cut Gum Faces, 

 Cross Banding and Cores. 



n. F. White, a real estate man of MeGebee, Ark., recently purchased 

 a 3,300-acre tract of timberland from the Bliss-Cook Oak Company. The 

 tract is located about two miles from McGehee, and will be cut up into 

 small farms and sold by Mr. White. 



A meeting of all persons interested in forestry will be held in the Marion 

 hotel at Little Rock January l.">, according to an announcement which has 

 been made by Harry E. Kelley of Fort Smith, chairman of the recently 

 formed Forestry Organization Committee. Measures favoring the organi- 

 zation of a permanent association, the improvement of forests in the state 

 of Arkansas and the securing of legislation necessary for the establishment 

 of a !^■tate Forestry- Bureau will be considered. 



The Hardwood Market 



-< CHICAGO >■ 



Chicago has weathered the lull incident to changing the calendar and 

 events are developing that definitely establish the year's prospects. Busi- 

 ness is starting out briskly — in fact, there was more than an ordinary 

 sustaining of demand right through the holidays. But now that they are 

 past the full significance of the promise for 1917 is revealed. So great 

 lias been the movement that prices have made most encouraging spurts. 

 In birch, lor instance, large parcels have been sold locally for full list 

 price. Southern woods are equally active and there is hardly an item in 

 the more popular descriptions. Chestnut has "found itself" of late in 

 Chicago as in so many other markets. Any summary of the situation 

 here cannot fail to sustain a full measure of confidence among the sellers 

 and the conviction among the liuyers that hardwood values will not break. 



=■< BUFFALO >- 



The hardwood market lias not yet recovered from tlie inventory 

 dullness, but the outlook is considered good for a fair month's business 

 in spite of the handicaps which are imposed by the railroad embargoes. 

 Many of the yards have been busy lately taking account of stock and 

 assortments are found to be as a rule in quite good shape. Cars have 

 not been very scarce in this market, though they seem to be in most sec- 

 tions, and incoming stock is held up for a long time. The northern mills 

 seem to i)0 in some cases in as bad shape as those in the South. 



The leading woods in the demand are maple, oak, birch and ash at 

 most of the yards, though clieslnut, elm and popular are also doing fairly 

 well. Cypress is holding its own. It is expected to be a good year in 

 the hardwood trade and already some good inquiries have been received, 

 with a prospect of larger l>usiness developing as soon as buyers begin 

 to line up their demands for the spring building business. Mahogany and 

 walnut are holding strong in price and an active demand is looked for. 



Buffalo building records for 1910 show~ a gain of a little over eleven per 

 cent as compared with 1915. The total number of permits last year was 

 4,744, with costs of $1.1,1:17,000, as compared with 4,S09 permits and 

 costs of ?1 1,798, 000 In the preceding .year. Nearly every month during 

 1916 w-as ahead of the corresponding month of 1915. .V large amount of 

 wood construction is expected during the coming year, as plans are already 

 laid for many dwellings and other structures. .\ number of large Industrial 

 plants have been under way during the past lew months, while big concerns 

 have been extending their operations, so the call lor dwellings is insistent. 



< PITTSBURGH >.c 



Hardwood men are well pleased with tlieir lootings for 1916. In most 

 cases the volume of business done was larger than in former .vears, while 

 in some cases 1916 was a banner year in profits also. The car shortage 

 and embargoes > the past three months held down the totals in many 

 instances. The outlook for hardwoods this year is first class. The cor- 

 porations using high-class lumber are at the top peak of prosperity and 

 are likely to be big buyers of hardwood. The railroad demand is practi- 

 cally assured, judging by the number of big projects which are to be 

 started in this territory in the spring. Yard trade looks more favorable 

 than for many years. 



:-< BOSTON >= 



The manufacturing industries of this section are out for large supplies 

 the coming year, but midwinter trade, while somewhat more brisk than 

 usual, is greatly handicapped. The difficulties encountered and appre- 

 hended by the dealers furnish a motive for some of the activity. The call 

 lor chestnut is increasing with a very noticeable demand for quarter-sawed 

 stock. This is without doubt a development of the built-up process and 

 will account lor an opposite effect on the use ol other woods. 



=■< BALTIMORE >^ 



With the passing of the holidays the hesitancy in regard to placing orders 

 lor hardwoods has disappeared, or at least has undergone a decided 

 modification. The consumers ol oak, ash, chestnut and other woods arc 

 in the market more frequently than they had been in recent weeks, and 



An TkTM of U« Wai Ba Benafitoa if You MobUob HARDWOOD RCCORD 



