46 



HARDWOOD RECORD 



Miirch 10, 19iT 



VOU WANT wide: STOCK-Wr HAVE IT 



Payson Smith Lumber Co 



MINNEAPOLIS. MINN. 



Mills in 



ARKANSAS 

 MISSOURI 



WISCONSIN 

 MICHIGAN 



Dry Stock — For Quick Shipment 



lOOM I " No. 3 Common Black Ash 

 lOOM 11/2" No. 3 Soft Elm 

 50M I " FAS Selected Red Birch — Choice 

 No. I Common Red Birch — Choice. 



No. 2 Common Birch 

 car I" No. 2 & Better Soft Maple 

 No. 3 Common Plain Red Oak 

 " No. 2 & Better Soft Elm 



Can dress above one or two sides 

 and resaw one or two cuts 



50M I 

 lOOM I 



I sma 



40M I 

 lOOM I 



PAYSON 



SMITH 

 LUMBER Co. 



Minneapolis, Minn. 



Chicago Office: 

 1665 Old Colony Building 



SEE MOW WE CARE FOR IT 



Payson Smith Lumber Co. 



MINNEAPOLIS, MINN. 



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 Cut 

 Veneers, Rotary Cut Gum Faces, 

 Cross Banding and Cores. 



in years. The inquiries and orders are coming not only from the car 

 building branch of the industry but from the repair departihents as well. 

 Nearly all the greqt trunk lines are receiving bids for thousands of wooden 

 fregiht cars and Cincinnati is getting a fair share of this business. Since 

 the first of January there has been a steady advance in the price of various 

 building materials and at this writing indications point to still higher 

 quotations in the near future. Early in the year when this advance first 

 became really pronounced, it was predicted in buUding circles that it would 

 have a deterring effect upon the home builder, but figures for building 

 operations for January and February show healthy gains over last year and 

 it is now believed by many that the situation will be accepted by the 

 builders and a rush of work will begin as soon as the weather opens up. 

 Of course, at this season, most of the construction work is that for which 

 there is urgent need, but regard'ess of the cause the effect remains the 

 same — more lumber is ordered. There has been little or no spectacular 

 movement in any particular line recently, but the feature of the market 

 may be the continued rise in demand and price of oak — this wood suddenly 

 recovering its strength in this market about a month back and the rigidity 

 with which it is maintained is very encouraging. 



Gum is in excellent demand, prices have a pronounced tendency toward 

 the ceiling and are held back only by the almost utter impossibility of 

 fulfilling orders on anything like scheduled time owing to the scarcity of 

 cars — and to make the matter worse, when a few cars are obtainable 

 embargoes almost throughout the southern gum producing centers hold up 

 shipments. Ked and sap gum dealers are fellow sufferers. Thick maple 

 seemed to Jump into the lead in the northern hardwood movement recently, 

 the demand being especially active, but stocks are very badly depleted — 

 almost out uf the market. Other maple grades also are in good request. 

 Throughout the northern list, dry stocks are said to be in a really deplorable 

 condition and prices are held on a very high level very rigidly. Birch is in 

 excellent demand, the furniture manufacturers and flooring concerns being 

 insistent in their demands, lucky when they find the stock available and 

 favored by fortune if delivery is made quickly. Elm is -finding a ready- 

 market with the vehicle and wheel manufacturers, hub blocks being espe- 

 cially in demand. Cottonwood, basswood and ash have no difficulty finding 

 a ready market. The retail trade is beginning to open up in the cypress 

 market, but this lumber probably feels the effect of the embargoes more 

 than any other which usually finds a big market here. Prices are steady on 

 previous high levels. The restricted supply has been the cause of a more 

 firm shingle market. 



-< INDIANAPOLIS > 



The demand for all hardwoods is strong and prices are still reaching 

 for higher levels, but discouraging conditions are being faced by the trade 

 as a result of an increasing lack of transportation facilities. The continued 

 shortage of cars is bringing consuming plants to the point where they will 

 be compelled to stop production. Storage facilities of many i>lants are 

 being stacked with the products of the factories, but cars are not available 

 to fill the orders. 



The volume of business booked by the consuming plants is much heavier 

 than normal, and less difficulty is experienced in many factories in pro- 

 curing lumber than in procuring cars for the shipment of the finished 

 product. Stocks are below normal at most of these plants. Wholesale 

 hardwood dealers report that the demand has been exceptional, but com- 

 plain that they are experiencing dilficulty in causing delivery on account 

 of embargoes and freight blockades. 



The business as It relates to the delivery of products from the Indiana 

 mills has not reached such an acute stage, although complaints are heard 

 frequently that cars are not available for local shiiHueuts. Many promi- 

 nent men in the industry feel that transpurtatinn *-nnditioiis will improve 

 in the near future, and are making their phins aec<.r(lingly. 



Quartered oak is being quoted at slightly higher prices. Gum and ma- 

 hogany are in excellent deniaud, and prices are higher. liuyiug continues 

 on a large scale despite increased prices. 



Building operations for February show a gain in Indianapolis, amount- 

 ing to .$115^79 over the corresponding period of IDUI. The total value of 

 operations was $522,510. Hardwood flooring mills and veneer plants are 

 working to capacity. The supply of timber at most of these plants Is 

 ample to care for present demands. 



=^ EVANSVILLE >-= 



Trade with the hardwood manufacturers in southern Indiana has been 

 very active. Prices are firm. Prospective buyers, who have been holding 

 off for two or three months in the hope that i)rices would get lower, have 

 been disappointed. Manufacturers say they look for steady advances on 

 certain grades. Quartered white oak is now in better demand than it has 

 been for several weeks, and plain white oak is also in strong demand. Ash 

 is strong, and a good deal of this timber is being sold to handle factories. 

 Gum is still in good demand, much of it being purchased by the large fur- 

 niture factories. Hickory is active, and indications are that it will con- 

 tinue in good demand. Walnut is almost at a standstill ; little or no lum- 

 ber is now being sent abroad, owing to the scarcity of boats and the 

 dangers of going through the war zone. Several weeks ago local manu- 

 facturers sold a good deal of walnut to the British government to be used 

 in the manufacture of aeroplanes. Elm is In better demaml than It has 

 been for several months. Maple is moving briskly. The best grades of 

 poplar are stronger, while the lower grades have been in good call for 

 several months. Cottonwood is moving fairly well and box factories report 



All Three of U> Will Be Benefited if You Mention HARDWOOD RECORD 



