HARDWOOD RECORD 



March 25, lOlT 



We Can Put a Tract of Timber 

 on Your Directors' Room Table 



in suck complete form as to show the size, location, 

 species, quality of the trees; the height, slope and 

 contour of the ground; with a running commentary 

 from the pen of experienced men on all interesting 

 conditions— in short, a virtual miniature of the tract. 

 This is a FULL LACEY REPORT. 



By means of it you can make a purchase, a sale, a loan 

 or intelligently consider a logging operation without 

 setting your foot outside the door. 



37 years devoted to all that pertains to timberland mat- 

 ters have made a LACEY REPORT equivalent to a 

 guarantee. 



We have an interesting booklet 

 for you. Please write. 



CHJOAOO SEATTLE 



nSOMcCormickBUa. C26 Henry Bldg. 



NEW ORLEANS 

 ISIS Whitney-Central BUg. 



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 OTer 



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. 



HARRY B. CLARK Attorney in Fact 



Western Representative „ . ^,_ . _ ______ -- — 



Portland. Ore. KANSAS CITY, MO. 



are blamed for the frequent siaetracking and seemingly undue dela.vingot 

 ^MDmenis The local concern that manages to get through fifty per cent 

 STtrord;rs is considerably favored by fortune, while the majority deem 

 ttemselves luckv to get fifteen to twenty per cent of their business done 



Aside from these depressing features, the market is in a very healthy 

 condmon Building operations are opening earlier and in greater volume 

 ban exp;cted It really looks as though this city will pass through one 

 of the most prosperous spring building seasons experienced in several years 

 DespTte the car situation, the southern hardwoods are holding up with 

 a r^makable firmness. Oak is especially strong and seems to have regained 

 us Termer exalted position as leader of the hardwood in this market 

 OwingTo the trouble of delivery, prices have been conserved. Consumer* 

 arTloud in their requests for red gum, while the manufacturers wouM be 

 p ei ed to get hpld of even a fair supply. Cottonwood and ash are lively 

 selfers when stocks are available. In the northern list the situation is 

 even more tense. Dry stocks are exceedingly scarce and seem sold up to 

 the strnp. Big orders are said to be placed at the mills for the current 

 product the stock. Maple is enjoying the best call of northern woods and 

 pceT are firm. Maple stocks are in better shape than other northern 

 woods although by no means heavy. Birch still is quite a favorite with 

 Tnti^rdcora'torsf especially flooring concerns. Mantle manufacturers are 

 said to be turning out more of their product in birch, particularlj curly, 

 than for some time. 



=■< INDIANAPOLIS > 



With cars moving a little more freely last week, trade conditions in the 

 hardwood market were slightly improved. The present demand Is excellent 

 and all branches of the industry state they have no cause for complaint if 

 only transportation conditions were more settled. The threatened railway 

 strike did not throw much of a scare into local hardwood circles, and It Is 

 not believed that even should a strike occur it will be of serious proportions 

 if proper support is given the railroads by the government in their attempts 

 to remedy conditions. 



The demand is strong for both native and southern hardwoods, the demand 

 tor the latter being somewhat heavier than it has for some time. Some 

 wholesalers report more orders for gum than can be filled, and deliveries 

 are slow in arriving. Plain and quartered oak is in good demand, prices 

 being a little firmer on quartered oak. 



Never before in the city's history has so much high-grade hardwood gone 

 into new buildings. The demand seems to be strong for quality and manu- 

 facturers of doors and sash are devoting more attention to better grade 

 stocks. Hickory and ash are in excellent demand among spoke, wheel and 

 farm implement manufacturers, many of whom report that the extent of 

 their output is limited inoroly by ability to procure cars. 



=< EYANSVILLE >■= 



Up until a few days ago trade with the hardwood lumber manufacturers 

 in Evansville and vicinity was rather brisk ; in tact January and February 

 showed a nice increase over the corresponding months of last year. About 

 March 10 the threatening railroad strike caused an uncertainty in business. 

 The car shortage, too, has been a serious handicap, many manufacturers 

 reporting it Impossible to get all the cars needed to fill their orders 

 proihptly. Many of the up-town mills here have been running steadily for 

 some time but in some instances cuch lumber could not be moved because 

 of the scarcity of cars. John C. Keller, traffic manager of the Evansville 

 Lumbermen's Club, has been making an investigation of the car shortage 

 and he has made several appeals to the Interstate Commerce Commission 

 and the .\merican Railway Association. He is of the opinion that many 

 of the railroad companies in the East are not observing the home routing 

 rules, but are using cars and paying the penalty, finding it is to their 

 financial gain to do this, while it works a hardship on the manufacturers 

 and shippers in this section. 



The demand for the best grades of hardwood lumber remain good and 

 prices are firm. Gum is moving briskly, as furniture manufacturers are 

 still in the market for a good deal of this wood. Ash, hickory, maple, elm 

 and the best grades of poplar are also in good demand. The crop outlook 

 is not so encouraging as it was a month ago. Reports from many points 

 in this section say that the cold weather of January and February has 

 greatly damaged the growing wheat crop. Collections are fairly good. 

 Building operations are picking up some and the general trade outlook la 

 good as soon as the railroad strike and car shortage questions have been 

 disposed of. Planing mills report an active trade. 



— < MEMPHIS >==== 



Manufacturing operations are being conducted on as large a scale as the 

 supply of timber and the number of cars obtainable will permit. Nobody 

 wants to shut down because of the belief that there is going to be a very 

 large domestic demand for southern hardwoods in the next few months. 

 Belief in early ending of the war in Europe, too, appears to be gaining 

 ground among lumber interests and this is an added reason for continuing 

 manufacture of lumber on as large a scale as possible. But, with such 

 excellent incentives to the manufacture of lumber, it Is conceded that output 

 for the southern hardwood producing territory is considerably below normal 

 for this time of year and that the outlook for full stocks is tar from 

 satisfactory. 



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