50 



HARDWOOD RECORD 



Checking, Splitting, 

 Rotting 



Prevented by 



LORAC 



which at trifling cost protects Logs, Lumber and Dimension 

 Stock against weather and time. A BOY CAN DO THE WORK. 



TRY LORAC NOW 



WRITE IS FOR FULL PARTICULARS 



THE GEORGE HENKE COMPANY 



62 Beckman Street 



NEW YORK 



Mutual Fire Insurance 



Best Indemnity at Lowest Net Cost 

 Can Be Obtained From 



Boston, Mass. 



The Lumber Mutual Fire Insurance Company, 



The Lumbermen's Mutual Insurance Company, 



Mansfield, Ohio. 



The Pennsylvania Lumbermen's Mutual Fire Insurance Company, 



Philadelphia, Pa. 



The Indiana Lumbermen's Mutual Insurance Company, 



Indianapolis, Ind. 



The Central Manufacturers' Mutual Insurance Company, 



Van Wert, Ohio 



COUNTER WEIGHTS 



When one ascends the other descends in obe- 

 dience to the laws of gravity and trade. Price, one 

 of the weights, ascends when quantity, the other 

 weight, descends. 



Southern pine production is decreasing and the 

 deficit in that section must be made good from 

 other sources, largely by an increase in the produc- 

 tion of lumber in the intermountain country and 

 on the Pacific slope. 



That means an increased, a competitive demand 

 for western timber, and a gain in the value of the 

 stumpage and the manufactured product. 



With these FACTS in mind can you 

 afford not to profit by them? 



For particulars of some of the great 

 bargains now offered, address 



James D. Lacey & Co. 



Timber Land Factors 



Chicago, III., 1750 McCormick Building 



Portland, Ore., 1104 Spalding Building 



Seattle, Wash., 1009 White Building 



(luubtedly conliDiie. No. 1 common ami lictlcr is boldiug' up woU and 

 the improvcmpnt orcr the light dprnand of a few months ago is marked^ 

 with prict'S holding firm. Poplar manufacturers say they are well satis- 

 lied with market conditions and that they are well supplied with orders. 

 They claim the market will steadily improve. 



•< INDIANAPOLIS > 



Hardwood lumbermen report that business has been exceptionally brisk 

 during the last two weeks. There has been an especially heavy deman* 

 for all grades of oak and for mahogany veneers. Thus far there has been 

 no trouble in filling orders promptly. The transportation lines are now 

 in normal condition and are furnishing cars promptly. 



The large trade has been due to the demands of furniture factories. 

 Kvery furniture factory in the state is having a phenomenal business- 

 because of the fact that furniture in hundreds of homes was ruined by 

 the recent flood. One Indianapolis furniture factory, reports its AprlJ 

 business four times as large as its business in April 1912. 



Prices are steady, but there has been no change during the last two- 

 weeks. 



=-< MEMPHIS >•- 



Tlie df^maiul I'or hardwood lumber here is reported very good and the 

 volume of busini'irs is quite up to the average of the past few years at 

 this time. Tin- call is particularly insistent for all grades of both red 

 and white plain oak, and prices are well maintained. There is a pro- 

 nounced scarcity of cottonwood and gum in the lower grades and the 

 demand fur both is in excess of the supply. Oflforings are reported quite- 

 light in the open market and some of the box manufacturers and other 

 consumers are meeting with difficulty in securing their full requirements, 

 particularly in 5/4 and 6/4 gum. A slight improvement has peen re- 

 ported in the upper grades of red gum but some members of the trade 

 say that the situation is no better excejit with reference to thin stock 

 which is movin'j; pretty well into export channels. The demand for ash 

 is good and offerings are readily absorbed at current prices. Sap gum itt 

 ihi* upper grades is in good request and cypress continues to move freely 

 in selects and shops. The higher grades, however, are showing no change. 

 There is a good export demand for southern hardwoods, and shipments 

 to Europe are on a pretty full scale. 



Some uneasiness has been occasioned by the announcement of the steam- 

 sliip companies that, after the expiration of sixty days from May 1, they 

 would abrogate their agreement to honor through bills of lading from the 

 west side lines and lo absorb the demurrage chargi's at New (Orleans. 

 Exporters here, however. believ4' that an amieabh' adjustment will be 

 reached in this matter before the date fnr the new ruling to hecdme 

 ofToctive. 



=-< NASHVILLE >■ 



Good conditions continue to prevail on the local hardwood market, witli 

 lilain oak still leading in demand 5ind quartered oak a good seller. There' 

 are good calls, too, for hickor.v an<l ash, a fair demand for chestnut and 

 poplar, and little change in cottonwood and gum. Dry, desirable stocks of 

 all hardwoods are low and are considered very good property just now. 

 Prices are steady. There arc active calls for factory stocks, also for 

 l.tths and shingles. Lower grades are in demand. .Mill stocks are con- 

 siderably broken. (Jood weather has given a decided impetus to the busi- 

 ness and spring building operations are very active, the retailers sharing' 

 in the activity. Business, including railroad traffic, has about adjusted 

 itself following the recent floods, and shipments are ' becoming regular 

 once more. Some dealers .say this is the first time in years that dry 

 stocks ba^'e not been equal to the demands. I..ocal box factories have their 

 hands full filling orders. The hardwood flooring factories are busy and 

 good exports are being made to Kngland. with rush orders from Austria. 



=-< BRISTOL y-- 



Trade conditions in this territory continue favorable and the prospects 

 fur business are very encouraging. Activity continues to characterize 

 the hardwood industry and it is believed that business will continue- 

 l)risk during the remainder of the year. There is a decided tendency on 

 the part of the manufacturers to increase their operations, wherever new 

 timber can be secured, and several large concerns that have about ex- 

 hausted their present holdings are looking about for more, although there 

 is very little timber tor sale at what is considered a fair price. The 

 owners are continually advancing the price and many refuse to even 

 consider selling, especially wliere they have growing timber. 



=■< LOUISVILLE y. 



Business conditions in the Louisville market are generally satisfactory. 

 Demand is remaining excellent, and both inquiries and orders are being 

 received freely. The agitation regarding the revision of the tariff does 

 not appear to have caused much unrest, few industries regarding the pro- 

 posed changes with anything like apprehension. The textile trade, in 

 tact, appears to be about the only one seriously wrought up over the 

 situation, and even its members are not greatly alarmed. Consequently 

 the lumbermen, who all along have contended that rapid disposition of 

 this question, without much regard for the details of the revision, was 

 the big desideratum, are ipbasod with the progress which Is being made. 



