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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 1 0th and 23lh of each Month, by 



THE HARDWOOD COMPANY 



Henry H. Gibson, President 



Burdis Anderson, Sec'y and Treas. 



Entire Seventh Floor Ellsworth Building 

 537 So. Dearborn Street, CHICAGO 



LIBRAS 



NEW YO 



BOTANIC 



^OARDB 



Vol. XXXIII 



CHICAGO, MARCH 25, 1912 



No. 11 



General Market Conditions 



In spite of the continued inclement weather, which has put a 

 quietus on practically all building operations over a large area of 

 the country, there is a fair demand made up of a multitude of small 

 purchases for hardwood lumber. 



Evidence of increased shortage of 'stock of many varieties is 

 evidenced by the increasing number of inquiries reaching the 

 office of Hardwood Eecord to locate a source of supply for a good 

 many items. Hardwood conditions are surely in a better shape 

 than any of the building woods because there is scarcely an item 

 that is in over-supply in first hands, and many varieties and grades 

 are in short supply in the yards of -jobbers and wholesale 

 consumers. 



There is the same general criticism that has prevailed for a 

 long time past in the apparent diversity of prices obtained for 

 many kinds and grades of lumber, but obviously this is accounted 

 for by the difference in quality of timber, sawing, seasoning and 

 grading, wliicli has more bearing on. this situation of the trade 

 than salesmanship. 



Unfavorable weather conditions still continue in nearly all hard- 

 wood lumber producing sections, which have militated seriously 

 against logging operations, with the result that few hardwood 

 mills are running on full time and many of them are closed down. 

 There never was a time in the history of the hardwood business, 

 .since it became of importance in this country, that stocks were 

 so badly broken and generally so short as at the present time. The 

 belief among the wiseacres of the trade is that nearly all varieties 

 of hardwoods today constitute a better asset than their present 

 obtainable equivalent in cash. There surely will be a scramble 

 for many items before the building and manufacturing season fully 

 opens. 



The Hardwood Situation at Liverpool 



The consensus of opinion of the various timber brokers and 

 lumber dealers who issue circulars from the Liverpool market, is 



embodied in the following review of conditions that prevailed there 

 on March 1. 



In mahogany the auction sales were well attended and prices 

 well maintained. In African wood a considerable stock was dis- 

 posed of. There have been few recent arrivals of the stock, con- 

 sisting of a moderate quantity of African and Cuban. There 

 seems to be no stock of Honduras wood in good logs of even small 

 to medium dimension. Eichly figured African logs are wanted, and 

 would command a handsome premium, and even plain, sound wood 

 shows keen competition at firm values. Stocks are light. 



The arrivals of ash logs have been moderate and fair prices 

 realized, but the consumption has been small and prices are 

 unchanged. The present stock is suflSeient to cover the wants of 

 the market. 



The import of American walnut logs has been small and stocks 

 are light. There are inquiries for medium to large sized logs of 

 prime quality at fair prices. In black walnut lumber the supply 

 is considered sufficient with fair demand, which is rather quiet, but 

 prices are reasonably firm. 



In poplar logs there seems to be a good demand for prime logs 

 of large size, and there is a steady demand for better grades of 

 boards and planks at fair prices. 



There is said to be a good demand for prime quality, clear 

 hickory bolts. 



In red gum there is a steady demand at good prices for high 

 grade and quality stock. 



There has been little or no importation of oak logs for a month, 

 and there has been a fair consumption at firm prices. In oak 

 wagon planks arrivals have been fairly large, and deliveries have 

 amounted to about one-half the import. It is said the demand is 

 active and the shipment of prime quality planks can be recom- 

 mended. It is alleged stocks are moderate and prices firm. Prime 

 quality cabinet and cabinet planks are also in fair demand with 

 ready sale. 



It is said that the log stock of American elm is light and that 

 prices are fairly high. 



SUBSCRIPTION TERMS: In the United States and its possessions, 

 and Canada. $2.00 the year; in foreign countries. $1.00 extra postage. 



In conformity with the rules of the postoffice department, subscrip- 

 tions are payable in advance, and in default of written orders to the 

 contrary, are continued at our option. 



Instructions for renewal, discontinuance, or change of address, 

 should be sent one week before the date they are to go into effect. 

 Both old and new addresses must be given. 



Both display , and classified advertising rates furnished upon 

 application. 



Advertising copy must be received five days in advance of publica- 

 tion dates. 



Telephones :— Harrison 8086-8087-8088. 



Advertising Representatives: Jacob Holtzman, 5254 Larchwood Ave- 

 nue, Philadelphia, Pa. ; E. W. Meeker, 537 South Dearborn Street, Chi- 

 cago, 111. _ 



Entered as second-class matter May 26, 1902, at the postoffice at Chi- 

 cago, 111., under act of March 3, 1S79. 



