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Published in the Interest of the American Hardwood Forests, the Products thereof, and Logging, Saw 

 Mill and Wood-working Machinery, on the 10th and 25th of each Month, by 



THE HARDWOOD COMPANY 



Henry H. Gibson, President 



Entire Seventh Floor Ellsworth Building 

 537 So. Dearborn Street. CHICAGO 



WEWvo 



Vol. XXXIII 



CHICAGO, JANUARY 10, 1912 



No. 6 



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GENERAL MARKET CONDITIONS 



As was to be expected, there has been no large movement in the 

 sale of hardwoods during the last fortnight. However, notwith- 

 standing the holiday period and the inclemency of weather con- 

 ditions throughout a large portion of the United States, there has 

 been a very fair volume of trading made up of small items placed 

 in nearly all commercial centers. 



Buyers are apparently awakening to the fact, through having 

 orders turned down, that it is not possible to secure their wants 

 from any one source, as has been the situation for a year or two 

 past. The stocks of many producers and jobbers are very badly 

 broken, and buyers are already obliged to do considerable scurry- 

 ing to secure the totality of their wants. 



Weather conditions in the lower Mississippi valley have pretty 

 nearly caused a cessation of lumber operations for some months, 

 and the comparatively light stocks of lumber in pile during that 

 period have been very largely depleted. This is notably true of 

 No. 1 common and better, in all standard woods. 



Among northern hardwoods the stocks generally are lower than 

 they have been for years, and perhaps an abstract of opinion on 

 this subject supplied by Secretary Kellogg of the Northern Hem- 

 lock & Hardwood ilauufaeturers ' Association, may be regarded as 

 a basis of the entire northern situation. These comments are as 

 follows: 



We believe that Xo. 3 hardwood is in better demand tlian 

 for some time and still getting better. 



Don't like the looks o£ things. Mine is all sold but not 

 delivered. Shall not log this winter. 



Very good — particularly in regard to basswood and elm. 



Dry basswood and elm sold. ■\lso have orders for 150,000 

 feet No. 3 birch. Plenty of inquiries for all low grades. 

 Expect to see at least .$1.00 better on culls before new cut 

 is ready for market. 



Received order today cleaning up our No. 3 basswood, 

 about three cars, at $12.50 f. o. b. 



Birch, good — basswood. excellent — elm, good — maple, fair. 



We have on band at the present time 600,000 feet 1-inch 

 No. 3 birch, but do not expect to have any of this stock on 



hand by the lirst of March. The balance of our No. 3 hard- 

 wood has all been sold. 



Birch and basswood seem to be good. Elm is only fair 

 and the price on No. 3 maple so low as to make the outlook 

 just at present rotten. We are holding this right up and 

 hope for better things soon. 



No. 3 hardwood ought by good rights to follow low-grade 

 hemlock and pine. 



Not very good at present. Basswood and birch la moving 

 fairly well and at satisfactory prices, but we find no market 

 at all for maple, and present prices are such that we can 

 not afford to sell. 



Heavy inquiry for No. 3 hardwoods. 



No. 3 basswood is now worth $12.50, f. o. b. mill — No. 3 

 birch, $S.50 — good demand. 



We are holding our No. 3 birch at $12.50 Chicago. 



Good — We have orders for more than we can furnish. 



Better than for several years past. Orders Nos. 2 and 3 

 basswood come in every mail, and the scarcity of this w'ood, 

 and also low-grade pine, is bound to have a good effect on 

 birch, elm and maple. 



All we have is sold. Could dispose of all birch and bass- 

 wood we can saw next season, but are not making prices. 

 Looks good to us. 



All our No. 4 and 5 pine sold and shipped this year, as 

 against 100,000 feet in 1010. .A.lso all No. 2 basswood sold 

 as against 300,000 feet in 1910. Offers being received for 

 No. 3 birch from $1.00 to $2.00 higher than thirty days ago. 



A decided shortage by the last of winter, as inquiries for 

 No. 3 4-4 stock are numerous, and a high price finds a few 

 takers even this early in the winter. 



Very good, and expect to see prices advance for all low- 

 grade lumber. 



Very much better than last season. 



Not very bright at the present time. 



Fair — except No. 3 maple. 



More encouraging than for several months. 



Fair — inquiries are numerous, but prices slow in ad- 

 vancing. 



Everything we have is sold. Have no No. 3 hardwood for 

 sale. Price fully $1.00 better than thirty days ago, and 

 indications are for a further advance. 



Beyond question, no marked replenishment of stock in shipping 

 condition is possible until early next summer, and the comparative 



■ ■ 





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