HARDWOOD RECORD 



59 



As to prices, so far tlieiv has been uu let up. The quotations have been 

 well sustained all along the line, with some advances here and there. 

 This is particularly the case with respect to certain grades of chestnut, 

 which have held their own in a remarkable way in point of inquiry and 

 have developed such limitation of selection that the buyers are disposed 

 to hold out inducements in the way of prices. Sound wormy has been 

 drawn upon to a degree which leaves the mills with very scant assort- 

 ments, no headway toward the accumulation of liberal supplies having 

 been made thus far. It is much the same with ash and still more so 

 with oak. of which latter wood the mills have moved their output about 

 as fast .i.s it was produced. Poplar also is in fair request, with no 

 troublesome accumulations, and with the price list well sustained. The 

 gain made by extra wide lumber holds and the offerings of such stocks 

 are taken up in quantities that leave no ground for apprehendinj: undue 

 competition. Gum is in excellent demand, with something of a shortage 

 in the supply. The floods in the Mississippi valley last spring put the 

 mills there out of the running so long and caused such direct damage in 

 the way of injury to the lumber manufactured that supplies are now in 

 \irgent request, with the quotations relatively high. Basswood is also 

 moving freely, at very acceptable figures, f 



With the foreign market it is different. Stocks of oak planks have 

 gone forward in such volume that the markets abroad, but more par- 

 ticularly the Liverpool trade, are very decidedly congested and the range 

 of prices has gone off to such an extent that profits disappear entirely. 

 In many instances it is to be feared that actual losses are made. More 

 than eve.* the advice not to ship on consignment is in order. Other 

 divisions of the export trade, with the exception of poplar are in fair 

 condition, poplar being in inordinately plentiful supply, and the quota- 

 tions also having eased off. Taken altogether, however, the hardwood 

 business is in better shape than might be supposed, although a feeling 

 of uncertainty prevails because of the political development and more or 

 less hesitancy on the part of investors. 



^-< COLUMBUS >• 



-\lthough the weather during the past fortnight has not been the most 

 favorable for an active hardwood trade, still the movement of all grades 

 and varieties has been good. Generally speaking, prices have been well 

 maintained and the outlook for the future is promising. With better 

 weather, trade along all lines is expected to improve to a large degree. 



One of the best features of the trade is the prospect for active building 

 operations in all the cities and towns in the central part of Ohio. Plans 

 have been prepared and in many cases contracts have been awarded for 

 an unusual amount of construction work. When this is under headway 

 it is expected that the demand for all kinds of lumber will be increased. 



Sales of hardwoods are pretty evenly divided between factories and 

 yards. The former are good business since manufacturing circles have 

 been active. Plants engaged in making vehicles, implements, automo- 

 biles and furniture are good buyers. Car stocks are also in good demand. 

 Yard stocks are fairly large and buying from that source will not be in- 

 creased until after yards are able to move stocks. 



Dealers who were damaged by the flood have recovered almost entirely 

 and have their inventories completed. Thus the trade is now on a good 

 basis and little is noted to hinder an improvement. Collections are im- 

 proving in every quarter. Some trouble is experienced from a car shortage 

 but this is not yet serious. Congestion is reported on some of the rail- 

 roads, due to the recent flood. 



Quartered and plain oak are both strong and the volume of business 

 is satisfactory. Prices are firm. There is a good demand for poplar and 

 all grades are moving well. There is an increasing demand for the wide 

 sizes. Chestnut is another strong point in the market and prices are rul- 

 ing firm. An advance of §1 'per M is reported in sound wormy chestnut. 

 Ash and basswood are also strong. Other hardwoods are unchanged. 



=-< CINCINNATI >-= 



A Steady inquiry for most all of the hardwoods continues in a satisfac- 

 tory manner, indicating that present good business will continue for a 

 time at least. There is not quite so much shipping as a week or so ago. 

 Indicating that some accumulation is occuring in the yards of the large 

 wood consuming factories, but returning salesmen say no one is over- 

 loaded- and that the lull in the market Is only temporary. Many large 

 concerns took advantage of inducements offered from some of the flood 

 territory to lay in heavy stocks at a little off present high prices and 

 quite a little flooded stock has since been shipped on the same basis but 

 it is safe to say that this affects the shipping only temporarily and unless 

 present tariff tinkering affects business generally, which is not expected, 

 there will likely be a steady demand all of this year for all hardwoods. 

 Cincinnati yardmen are carrying good-sized stocks but are not letting any 

 opportunity pass to buy more. The feeling as to market conditions in 

 this vicinity is decidedly optimistic, no one expecting anything like a 

 slump in either price or demand. Slight depressions are reported from 

 eastern territory and while this seems hard to explain, no apprehension is 

 felt on this account. The trade in the Middle West is better than normal 

 and will likely continue so. 



The activity of low grades of poplar is just as pronounced as at any 

 time during the past six months and many wholesalers usually well sup- 

 plied with this class of stock are short. Top prices are asked and readily 

 obtained, with good indications of a continuation of this condition. It is 



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 ciuality 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 CO. 



GENERAL OFFICES CHICAGO, IllINOIS 



