46 



HARDWOOD RECORD 



A,s a mali«'i- of fait. Mr. Willey's extensive 

 piirehase on the other side of the water has sim- 

 ply stripped the English market of fancy wood, 

 which has not yet been replaced in any quarlei', 

 neither is there any prospect of it being replaeeci 

 for a good while to come. 



A portion of these purchases has already 

 reached Mr. Willey's Chicago log yard, and ex- 

 perts allege that it is not only one of the 

 largest and finest collections of figured ma- 

 hogany that has ever reached the United States, 

 but the logs show a greater average in size 

 than has ever been seen in one group of fancy 

 mahogany timber. 



A few days ago Mr. Willey manufactured four 

 of these huge logs that had an average size 

 of forty-two inches square by twenty-eight feet 

 in length, each containing more than four thou- 

 sand feet board measure, and produced more 

 than four hundred thousand feet of one-twenty- 

 <'ighth inch sliced veneers. These logs all 

 showed a remarkably handsome and striking 

 mottle and commanded an unusual price. These 

 four sticks, together with a considerable por- 

 tion o£ the remainder of the purchase, grew in 

 the Grand Rassam region of Africa. It is be- 

 lieved that Mr. Willey's holding of figured ma- 

 hogany and Circassian walnut is by far the 

 largest stock Iliat is owned in the United States 

 and that he has made a big coup in his pur- 

 chase. 



Owing to the depleted stocks of mahogany 

 and Circassian walnut both abroad and in this 

 tountry, and the increasing demand for these 

 two varieties of wood, there has been a marked 

 advance in price of fancy wood during the last 

 sixty days, which is reflected in a material ad- 

 vance that has obtained in mahogany lumber 

 This is the first advance in price that tbi^ 

 wood has shown in years. Cm-rent prices ar- 

 ruling at from five to ten dollars a thousand 

 more than obtained three months ago, and as 

 there is every indication that the demand is in 

 excess of tlie supply, this price will still fur- 

 ther advance. 



Details of Louisville Lumber Merger 



Following tile ci)n.>^uniniatiun of the details of 

 the merger of E. H. Norman & Co. with the 

 Norman Lumber Company, under the name of 

 the Norman Lumber & Box Company, the new 

 Louisville hardwood company has been bending 

 its energies toward the completion of its large 

 band miii at Holly Hidge, La., which v;[)\ be 

 ready for business shortly after Mar. 1. It will 

 have a daily capacity of about 70,000 feet and 

 will produce principally oak and gum. 



The new firm is regarded as one of the strong- 

 est in the country. It has beeen capitalized at 

 $175,000, and has elected the following officers: 

 A. E. Norman, president; E. B. Norman, first 

 Tice-president ; U. Carnahan, second Tlce-presi- 

 <lent ; E. B. Thurman, treasurer. S. E. Booker. 

 who was an oflicer of E. B. Norman & Co., re- 

 tains his interest in the business, and will con- 

 tinue as manager of the box department of the 

 concern. 



A. E. Norman is one of the best known liurd 

 wood men in the West. He has been in the busi- 

 ness for twenty-five years, and has won a repu- 

 tation for fair dealing and ability to "deliver 

 the goods." Ills son, Barry Norman, learned 

 the business under him, afterwards organizing a 

 company of his own. He will be In charge of 

 the sawmill business. Mr. Carnahan lias been 

 a timberman prlnc]|inlly, and is one of those 

 who are aiding in the development of the forest 

 resources of eastern Kentucky. 



The Norman Lumber & Box Company will 

 shortly have three plants: the sawmill In Louis 

 lana ; a wood-working plant at Ninth and ilag- 

 nolla streets, Louisville, and a box factory at 

 Shelby and Kulton 'streets In that city. The 

 wood-working iilant will cut lumber to dimen 

 slons, do re sawing, and manufacture poplar 

 bevel siding, for which there has been an excel- 

 lent demand reported. 



The new company Is of course n member of 



the Louisville Hardwood Club, of which its two 

 component parts were members, A. E. Norman 

 having been one of the organizers and thi' first 

 president of the club. 



Marriage of Charles B. Willey 



Charles B. Willey, son of C. L. Willey, the 

 well-known veneer producer of Chicago, stole a 

 march on his friends a few days ago and was 

 married to Miss Lulu Emily Herman. Mr. 

 Willey's bride is a charming young lady of Wis- 

 consin, and was a schoolgirl sweetheart of this 

 gentleman. The marriage was a cliurch affair, 

 and was solemnized on Jan. 24. Following the 

 wedding Mr. and Mrs. Willey started on an 

 extended wedding trip to the South and the 

 racific coast, from which they will return within 

 a few days, and take up housekeeping in Chi- 

 cago. 



Mr. Willey has been manager of bi.s f:ither's 

 Memphis plant for several years, but from now 

 will become allied with C. L. Willey's big veneer 

 and imported lumber enterprise at Cliicago. 

 RECuHt) extends its riiiii.'i-;itiilnlicins. 



C. B. WILLKV. CHICAGO, BENEDICT 



Annual Meeting Lumber Insurance Company 



■I'hi' annual nic/eting of the Lumber Insurance 

 Company of New York, which has for .years been 

 specializing in the field of lumlier insurance at 

 reduced rates, was held at the head oflice of the 

 company, .S4 William street, on Feb. 7. The re- 

 ports rendered to the directors at the annual 

 meeting were very satisfactory and showed the 

 business of the company to he on a conservative 

 and subslantial basis. Following is the state- 

 ment of the comjiany on Dec. ,'n, 1011 : 



ASSETS 



ISonds ( market value) $68:!.600.00 



Accrued interest 7,400.83 



Cash— Banks and oflice C!l..5.''iS.41 



rremiums in course of collection.... llilJ,00.*).7."» 

 Hue from reinsuring companies 14,730.41 



$901,304.40 



I.IAIIII.ITIKS 



Losses in course of adjustment $ OLO.S.-i.OO 



Kelnsurance reserve (N. Y. standard) 280,(500.10 



Ueserve for expense 40,2."i2.44 



Surplus to policy-holders — 



Capital .'i;400,000.00 



Surplus 79,547.68 



479,547.68 



$001,304.40 

 In vliw of the fact that the New York Insur- 

 ance I>'parlnient in lh(> matter of reinsurance 

 requires that the company carry a liability re- 

 serve of fifty per cent on all premiums placed 

 with companies not licensed in New York state, 

 the financial sintenient of the <ompany above 

 minlloni'd would, if it were not for this fac(. 

 show an actual surplus of nppri>xlmafely .$100,- 



OOO. which in reality makes the surplus to policy 

 holders $560,000. The Lumber Insurers' General 

 Agency, underwriting manager for the company, 

 is continuing to maintain its offices throughout 

 the leading cities in the United States and Can- 

 ada and its direct service to policy holders in 

 the trade is most complete. The following offl- 

 cers and directors were elected for the ensuing 

 year : 



rrc'Sident, G. A. Mitchell of White, Gratwick 

 it Mitchell, North Touawanda, N. Y. ; vice-presi- 

 dent, W. H. Gratwick of White, tJratwick & 

 Mitchell, Buffalo, N. Y'. ; treasurer. Guy White, 

 North Tonawanda ; secretary, Ralph H. Mc- 

 Kelvey, New York : assistant secretary and treas- 

 urer. Charles R. Demarest, New York": directors: 

 R. K. Albright, Buffalo Bolt Company, Buffalo, 

 N. Y'. ; S. M. Clement, president Marine National 

 Bank. Buffalo, N. Y. ; W. G. Frost, Frost-Davis 

 Lumber Company, New York City : W. H. Grat- 

 wick, White, Gratwick & Mitchell, Buffalo. N. Y. : 

 F. C. Gratwick, attorney, Buffalo, N. Y. : William 

 Hamlin, Buffalo, N. Y. ; Ellas M. Johnson, New 

 York City : John D. Larkin, The Larkin Com- 

 pany, Buffalo, N. Y. ; R. II. McKelvey, New York 

 City : G. A. Mitchell. White, Gratwick & Mitchell, 

 North Tonawanda, N. Y. : John Mitchell, Cleve- 

 land. O. ; Guy H. Moultbrop, Moulthrop Lumber 

 Company, Bay City, Mich. ; Robert W. Powerov, 

 Buffalo. N. Y. ; Clark L. Ring, Merrill-Ring Com- 

 pany, Saginaw, Mich. ; Dwiglit J. Turner, Turner 

 Lumber Company, Toronto, Ont. : Guy White. 

 White, Gratwick & Mitchell, North Tonawanda. 

 N. Y. 



The Grand Rapids Lumbermen's Associa- 

 tion Files Complaint 



The Grand Rapids Lumliernien's Associatiou 

 recently presented a plea to the Interstate Com- 

 merce Commission asking investigation of alleged 

 irregularities and discrepancies in the weighing 

 of freight b.v carriers. The commission has 

 is.;ued an order stating that from information 

 now before it, discriminations result and un- 

 reasonable charges are imposed by reason of the 

 incorrect weighing of carload and less than car- 

 load freight, and that the methods and practices 

 employed by carriers and shippers in the scaling 

 of freight are faulty and improper. Hence it 

 orders that a proceeding of inquiry and investi- 

 gutiou be instituted into the practices of carriers 

 in the weighing of interstate traffic commodities, 

 wilh a view to the issuance of such orders as 

 may be necessary to correct discriminations and 

 make reasonable rates applicable. 



This order would indicate a thorough investiga- 

 tion of the subject on the part of the Interstate 

 Commerce Commission. E. L. Ewing, traffic 

 manager of the Grand Rapids Lumbermen's Asso- 

 ciation, who is handling this case, says it Is 

 anticipated there will be several hearings in dif- 

 ferent sections of the country interested, and 

 that the date of the first hearing will probably 

 be established the latter part of March. He 

 further says that the rate per hundred pounds 

 and the weight of the shipment constitute the 

 two factors that establish the transportation 

 charge, and that one is of equal importance to 

 the other. He advises that shippers should 

 attend the proceedings above referred to and give 

 the commission and the lumber trade the benefit 

 of thi'lr testimony. 



New San Antonio Lumber Company 

 The Hillyer-Ueutsch-Jarratt Company of San 

 .\iitonio, Texas, is the name of a newly Incor- 

 porated company, composed of F. L. Hlllyer and 

 A. IJeutsch of San Antonio, and Peter Kuntz of 

 Dayton, O. The company will establish a line 

 of twenty or more retail yards throughout Texas, 

 The present capitalization of the company Is 

 $80,011(1, which covers only the yards already es- 

 tablished. This capitalization will be Increased 

 from lime to titne, as other yards are estab- 

 lished. Kindred enterprises of the Hlllyer- 

 Deiilscb-Jarratt Company are the New South 

 Lumber Company, manufacturer and wholesaler 

 of long leaf yellow pine, with mills In Louisiana, 

 and the Sabine lilver Lumber & Logging Com- 

 pany, exclusive manufacturiT of hanlwuods, with 

 band mills and planing mills at Flanagan, Tex. 

 The laller concern saws only oak ami gum, with 

 marketing headquarters at San Antonio, and Is 

 owned ctiilrelv by F. L. Hlllyer and A. I>eul8ch. 



1 



