46 



HARDWOOD RECORD 



February 25, ISl"* 



You Can 



Insure Your Investment 



in Standing Timber 



III timberland transactions a mistake is worse than a 

 fire. In what other field than lumbering will yon find 

 men investing a half-million or a million dollars in 

 raw material on a MERE GUESS as to what they are 

 getting for the money? Yet how many lumbermen do 

 you hear lament that a tract doesn't cut over two-thirds 

 of what the "cruise" indicated? 



A LACEY REPORT will INSURE you against that 

 sort of thing. It is much more than a "cruise" — is. in 

 fact, the nearest possible approach to modern scientific 

 accuracy of actual knowledge — made under a system of 

 notes, measurements, original volume tables and cross- 

 checks which it has taken the LARGEST TIMBER 

 FACTORS IN THE WORLD, James D. Lacey & 

 Company, 37 years to perfect. 



The cost of the insurance afforded by a LACEY 

 REPORT is scarcely a fair insurance premium on the 

 values protected. 



Hcnd for booklet. '•Pointers." 



CHICAGO 

 1750McCormickBldg. 



SEATTLE NEW ORLEANS 



CP.6 Henry Bldg. IZlSWMtney-CentralBldg. 



Over 



One Million Dollars 



in savings has been returned its members by the 



Manufacturing 

 Lumbermen's Underwriters 



and there remains to the credit of members orer 



Nine Hundred Thousand 

 Dollars 



The membership, which is constantly increasing, 

 is now composed of nearly four hundred and fifty of 

 the best saw mill plants in the country. Insurance in 

 force exceeds thirty-five million and nearly three 

 million dollars has been paid in losses. If you have 

 a first-class plant adequately protected and are inter- 

 ested in low cost fire insurance, correct policy forms, 

 an inspection service which may save you from a dis- 

 astrous fire, with the certainty of a prompt and 

 equitable adjustment in case loss does occur, and 

 wish a list of members and annual statement we will 

 be glad to hear from you. 



Rankin-Benedict Underwriting Co. 



HARRT B. CLARK 



WesJem Representative 



Portland, Ore. 



Attorney in Fact 



KANSAS CITY, MO. 



.< TOLEDO > 



There has been little change in the hardwood market here. Conditions 

 are somewhat better along traffic lines and there is a fair demand, especially 

 trom factories. Prices are Hrm. Considerable difficulty is met in securing 

 southern supplies, and shipments made from Toledo to various points in 

 some instances are reported more than thirt.v days behind. Cars are more 

 plentiful than they were, however, and lundiermcn generally feel encouraged. 



=-< CLEVELAND >■ 



Marked strength in all lines of hardwoods is noted as a direct result 

 of the handicap placed upon the trade by the embargoes of all railroads 

 passing through Cleveland. Not being able to obtain additional supplies, 

 local stocks have started to diminish ; and prices have advanced. The most 

 significant increase is in maple flooring, which has advanced another $2 

 per thousand, there being more demand for this material in connection 

 with the completion of housing at this time. The effect has teen to- 

 strengthen oak flooring, especially No. 1, which is getting scarcer than ever. 

 No actual change in prices has been made, but present figures cannot hold, 

 according to leading dealers. Cypress has strengthened considerably also, 

 but prices are stationary in the absence of good outlet, owing to the severe 

 weather early in the mouth. Hardwoods are firmly held and not offered 

 very liberiill.v. With the resumption of spring demand sharj) advances are 

 not unlikely, in the opinion of leading members of the trade. 



-< INDIANAPOLIS > 



With transportation problems growing more serious, many of the whole- 

 sale companies dealing in hardwoods report that they are experiencing 

 difficulty in tilling the large number of orders received from the consuming 

 industries. Furniture and automobile manufacturers continue to supply 

 most of the demand, although farm Implement manufacturers and com- 

 panies engaged in the manufacture of buggies are heavy consumers at the 

 present time. 



High officials in railroad circles were authority for the statement a tew 

 days ago that transportation problems are becoming more serious. Small 

 shippers have reported refusal of cars for local shipments in a few cases. 



Slight increases have been noted in the price of both plain and quartered 

 oak. .Mahogany and walnut are in excellent ilemand and are bringing 

 increasingly high prices. Very little hardwooil is being used for interior 

 trim, although all indications are that the demand from this source will 

 be heavy when weather conditions permit the beginning of the building 

 season. 



Reports from buggy manufacturers in central Indiana indicate that 

 ilespite the increased use of automobiles they will buy large iiuautitlcs of 

 lumber to fill orders, which are not showing a perceptible falling off. The 

 manufacture of automobile truck bodies is developing rapidly into an 

 enormous industry. 



.\ short respite from cold and disagreeable weather resulted in building 

 operaticms being given a substantial boost in Indianapolis last week. Most 

 of the permits were taken out fol- repair work, however, and the demand 

 did not affe<t the consumption of hardwood perceptibly. 



=-< EVANSVILLE >- 



The maiiiilaciurers of Kvansville and viciniiy say that traile is coming 

 along all right and that all talk of the probability of war with Germany 

 has had no effect on business circles in this section. Manufacturers say 

 that the thing to do is to sit steady in the boat, quit indulging in war talk 

 and go after more business. Most of the up town mills in this section are 

 lieing operatod,«on full time, as they have been doing for some lime. The 

 river mills report that they are doing more business now than they were 

 this time last year. Prices are still tending upward and in the opinion 

 of manufacturers prices will continue to advance steadily the balance of 

 the year. Plain and quartered white oak is in better demand. Ash and 

 hickory are Hrm, as well as gum and maple. Walnut is showing some 

 signs of picking up. A great many of the furniture factories in this 

 section are still In the market for a good deal of gum. The lower grades 

 of poplar continue to be in strong demanil, but the better grades of poplar 

 are not so strong. Cottonwood is moving along all right and river mills 

 say they have been receiving some inquiries on quartered sycamore. Elm 

 is in fair demand. 



Manufaclurers continue to have some difficulty in getting all the logs 

 they want and the prices are higher than they were a month ago. Bad 

 weather in the logging districts of the South continues to retard the work 

 of getting out the logs. Collections have Improved. The various wood- 

 consuming plants in Kvansville and vicinity are being operated on steady 

 time. In the opinion of the furniture men this will be one of the best, if 

 not the best year in their history. Many of the nmnufacturing plants are 

 still having a hard time to get all the skilled labor they want. Chair and 

 desk factories report an increased activity ami plow manufacturers say the 

 outlook for summer and fall trade is very good. Huilding operations in 

 Evansville, considering the weather, have been very active. 



=-< LOUISVILLE y. 



There has heen uo material change in the genera! condition of the Louis- 

 ville hardwood market during the latter part of the month, other thnn 

 that the embargo situatiDii has grown worse, and many orders are being 



All Three of Us Will Be Benefited if You Mention HARDWOOD RECORD 



