HARDWOOD RECORD 



49 



in many instances result in orders where a certain desired wood can 

 be secured at satisfactory prices. Ihere is no inclination to rush in 

 for bargains, although some tempting oCFers have recently been made on 

 a strictly cash basis, as the buyer still holds tenaciously to the belief 

 that a further shading in prices is likely. The tariff turmoil, the cur- 

 rency agitation. labor strikes and the tight money market, naturally 

 have an effect commercially, and the sure advance in trading always 

 expected with the advent of the fall season cannot be counted upon with 

 the usual certainty, but conditions at the mills are such as will prevent 

 a slump in prices, and however gloomy the situation may seem from 

 i/ertain points of view, it is admitted in spite of all that the hardwood 

 market is in fair shape. Yards are fairly well stocked and buying is 

 nn a conservative basis. The wholesale trade in general is optimistic 

 as to outlook. 



Oak continues the leader, although there has been some shading in 

 certain lines : chestnut holds steady ; ash is firm : basswood in fair de- 

 mand : gum is making new friends ; cherry is not so active, although 

 offered at reduced prices ; birch and beech are unchanged from a fort- 

 night ago. 



=-< PITTSBURGH >.^ 



Hardwood men in this city are decidedly optimistic. There is no 

 question but that the market is in good shape, much better than for 

 years. Trices are steady at prevailing quotations and higher figures 

 arc looked tor In the near future in many lines. Oak is selling for more 

 Than it ever brought in Pittsburgh before. There is some talk of raisiu'j: 

 prices this month on furniture woods, many of which are quite scarce. 

 Hardwood mills are busy and are preparing for a large cut this fall. 

 Purchasing agents have been coming into the market the past few days 

 in a way that shows they will be steady buyers of lumber if they can 

 get it this fall. The fear of a car shortage is urging them to call for 

 early deliveries. Yard trade is not what it should be but has improved a 

 little during the past two weeks. 



-< BOSTON >-= 



There has been very little activity in the market for hardwood lumber 

 during the past two weeks. This is really the time of the year when an 

 improvement in the demand is usually experienced but for one reason 

 or another the average buyer cannot be induced to place contracts In 

 anticipation of future requirements. All buyers are in the market for 

 small lots from week to week which in the aggregate foot up very well. 

 The manufacturers of interior finish are doing a fair amount of business 

 .ind have a good volume of new work in sight. Furniture manufacturers, 

 according to salesmen who have been calling upon them, appear to be 

 moderately busy but cannot be induced to operate with any freedom. 

 The high asking prices which are in force on all grades of hardwood 

 lumber tend to check any tendency toward speculative bu.ving. From 

 reports received from manufacturers of hardwoods it is learned that 

 there is little chance for any lower prices. The offerings of the desir- 

 able grades of lumber are small and holders are confident that there 

 will be demand for all they have to offer. 



Plain oak and quartered oak continue in demand at firm prices. There 

 does not appear to he any one kind of hardwood lumber that is in ex- 

 ceptionally good call at the present time. 



=-< BALTIMORE >= 



The hardwood trade remains in decidedly encouraging shape, orders 

 being received with sufficient freedom to avert accumulations at the 

 mills and the prices realized affording fair margins of profit. Some 

 members of the trade are disposed to take an unfavorable view of the 

 situation and state that the demand is not what it ought to be, while 

 the quotations have declined to about the prices that prevailed last year 

 at this time, but a m.ajority at least of the manufacturers take a most 

 liopeful view of the situation and declare that they are getting as much 

 for stocks as before and that th^ requirements of the trade are of 

 sufficient volume to absorb the output, enabling the mills to continue 

 operations without risk of troublesome accumulations. Here and there 

 a particular grade or a size may lag. hut in the main there is said to 

 be no cessation in the inquiry : in fact, the latter appears to have be- 

 lome more active of late, and serves to keep the trade as a whole in 

 :;ood shape. The northern markets, which for a time showed a tendency 

 to hold down, appear to be receptive once more. Yardmen who had 

 concluded that they had enough lumber on hand to keep going for a 

 time have evidently decided on further additions to their stocks ; and 

 ag these would certainly not be made if the lumber were not moving, 

 it is a fair presumption that the outgo is of satisfactory proportions. 

 The assertions of some of the hardwood men that sound wormy chestnut 

 and other divisions of this wood had sagged are contradicted by others, 

 who contend that they are getting as much for their lumber as ever 

 before and that they experience no difBculty in placing the lumber 

 tnrned out. It is much the same with oak, which, with the exception 

 of wagon oak planks in the foreign markets, is moving with sufficient 

 freedom to avert any real weakness. Of wagon oak planks there has 

 been such a heavy shipment as to keep up the congestion on the other 

 side. The forwardings of low-grade poplar are also heavier than they 



A few words to the users of this ex- 

 cellent wood and those who contemplate 

 using it. 



Many years' experience in the manu- 

 facture and marketing- of this item of 

 stock have satisfied us that in this wood, 

 more than in any other hardwood, the 

 successful consuming manufacturers in- 

 sist upon having only high quality stock 

 — not only as to grade, but manufacture 

 and careful handling while in pile for 

 seasoning. 



Choice logs do not always produce 

 good lumber — it depends largely upon 

 how much care is exercised in the 

 process of manufacture; nor does the 

 production of high quality stock end 

 here — it must be carefully put into piles 

 and sufficient piling sticks used to insure 

 its drying out flat. 



When you are about to place an order 

 for Gum, some of the essentials that 

 suggest themselves to you are: 



Full and uniform thickness. 



Very dry stock that in process of 

 drying has remained flat and straight. 



Good range of widths and lengths to 

 assure you of a good yield of clear cut- 

 tings of various sizes you require. 



Last, but not least, after placing or- 

 ders you want them executed promptly 

 and on time — also honest grading and 

 measurement. 



We are equipped with six band mills, 

 backed by our own timber lands, to give 

 you that kind of stock and unexcelled 

 service. 



Write, Phone or Wire for Prices 



PAEPCKE LEICHT LUMBER COMPANY 



GE\ERAL OFFICES CHICAGO, ILLINOIS 



