The Hardwood Record 



VOL. XIX. 



CHICAGO, NOVEMBER 10. 1904. 



No.Z 



The Hardwood Record. 



PUBLISHED BY 



C. V. KIMBALL, 



ON THE 10TH AND 25TH OF EACH MONTH. 

 134 MONROE STREET, - CHICAGO, ILL. 



C. D. STRODE - - - - EDITOR. 



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 SECOND-CLASS MATTER. 



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THE BUSINESS SITUATION. 



Wg are going to get it now. AVe mean 

 that advance in the price of lumber of 

 which we have sDoken In the past. We 

 knew if we would keep on predicting long 

 enough we would hit it after a while. For 

 lumber has not advanced much as yet. It 

 has held its own, has gone no lower, but 

 as a general thing the advance has not 

 been much. We had to kind of jolly our- 

 selves along until after the election. 



But the election is over and whatever a 

 man's sentiments may be, he will acknowl- 

 edge it has undoubtedly gone the best way 

 for business. We are going to go ahead 

 with the same administration we have al- 

 ways had and we know now there will be 

 no change for four years more, and any- 

 thing a business man dreads is change. 



We know we have got a good man for 

 President and we look for business to im- 

 prove from this time on. In fact, after 

 the first of the year we look for a period 

 of prosperity the equal of anything that 

 has gone before. It is now, however, late 

 in the season, it being barely a month 

 and a half until the first of the year and 

 everyone wants to have his stock low for 

 invoicing and when everyone will spit on 

 his hands and take a long breath for a 

 new effort. So we don't expect any big 



things^ immediately, but we have the ut- 

 most confidence in the ultimate outcome. 

 Stocks throughout the country are light in 

 the hands of manufacturers, dealers and 

 consumers, but there are still those offer- 

 ing lumber at less than it can be had for 

 in the country, but not many of them. 

 They will find when the stock on hand is 

 exhausted and they go to figure on replac- 

 ing it, that prices have stiffened up in the 

 country and consequently they will raise 

 the price in the city. 



There has undoubtedly, in the last two 

 weeks, been considerable pressure to sell 

 and much harm has been done the central 

 markets by manufacturers trying to force 

 their goods on an unwilling market. This, 

 of course, is written the day following the 

 election and cannot deal with any demand 

 which will spring up as a consequence of 

 ihe country being saved for four years 

 more. 



In plain-sawed oak the supply is very 

 slack, but still we hear of numerous lots 

 having been sold in this market for as 

 low as $36 for firsts and seconds. Deal- 

 ers who Ivnow their business are asking 

 $40, and will, we believe, get it. In a 

 short time we look for $40 to be the pre- 

 vailing price for plain-sawed oak lumber. 

 Quarter-sawed oak is holding its own 

 very well, especially in the good grades. 

 There is no urgent demand for large quan- 

 tities of this stock, but anyone having 

 good lumber to offer can get a good price 

 for it. 



Poplar is moving very freely, but at a 

 low price. It seems to be winning back its 

 old markets to a considerable extent. The 

 price, in fact, is so low as to be very at- 

 tractive to the consumers and they are 

 buying it rather freely. 



Cottonwood has already advanced and is 

 commanding $3 or $4 per thousand more 

 than it was sixty days ago. 



Gum is moving freely at not much gain 

 in price. 



In northern hardwoods, the situation in 

 maple remains unchanged. There is con- 

 siderable difference between what is being 

 asked and what is being obtained, but 

 each side to the argument is standing firm 

 — and the close of navigation is not far 

 away. The holders of maple lumber have 

 maintained their prices until after the elec- 

 tion and they will get a good price, if not 

 this fall, at least next spring. 



The rest of the list is firm with the ex- 

 ception of basswood, which is very weak. 

 Taken all together, the situation is one 



favorable to the manufacturer of lumber 

 and we hope he will not become discour- 

 aged, but will lend his assistance toward 

 our desire to advance the price of lumber. 



THEODORE ROOSEVELT, PRESI- 

 DENT. 



It is all over and the country is saved 

 once more. It is curious how much "sav- 

 ing" this country will stand. 



We have four years before us of what 

 we believe will be a good business period, 

 and Theodore Roosevelt is elected to the 

 highest office in the world by an over- 

 whelming majority. And it is the highest 

 office in the world. Anybody can be a 

 king, a czar or a kaiser if he happens to 

 be born right. But only one citizen out 

 of 80,000,000 can be President of the 

 United States. He is a king of 80,000,000 

 kings. They have selected him voluntarily 

 to rule them for the next four years. He 

 is their undoubted choice, whereas a king 

 or a kaiser is always doubtful in his own 

 mind whether or not he is the people's 

 choice, or would be if they were given a 

 free and unrestricted vote. And Roosevelt 

 is worthy of the choice. He is a clean and 

 honest man and will, we hope, make us a 

 good president. And conditions are favor- 

 able. Both houses are republican anil he 

 is surrounded by a good cabinet. If ever 

 the issue was fairly and clearly drawn, it 

 was in this case. The election of Mr. 

 Roosevelt president means that the people 

 have weighed the two candidates and have 

 decided in favor of Roosevelt. 



It means peace — the peace of righteous, 

 conscious strength, not the peace of fear. 



A strong nation, .like a strong man, 

 rarely gets into trouble. It is the weak 

 and timid and those who are afraid some 

 one will think that they are afraid who 

 get into trouble. 



It means there will be carried into effect 

 a consistent program for the controlling of 

 illegal trusts. 



It means that the greatest living diplo- 

 mat will conduct the foreign affairs of our 

 government. 



It means, the Hardwood Record hopes, a 

 revision of the tariff and reciprocity with 

 Canada. 



And, the Hardwood Record hopes, it does 

 not mean that the race question of the 

 South will be further agitated. 



It means that Theodore Roosevelt will 

 be President the next four years in his 

 own personality and not be filling out the 

 unexpired term of President McKinley, 



