6o 



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 



WHITE US FOR FDI.L PARTICULAKS 



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 



Merely Instances 



Many years ago the great public domain of the 

 lake states was offered by the federal government 

 at $1.25 an acre. Vast tracts of pine lands in the 

 North have been sold since that time at $150 to 

 $300 an acre. 



Southern Pine Lands have increased in value from 

 $1.25 to $100 an acre. 



In ten years the hardwood lands of the North 

 have increased in value from $2.50 to $5 an acre to 

 $20 to $90 an acre. 



Like gains will be disclosed by an examination of 

 the history of timber values of any section. 



We shall be pleased today to give you the his- 

 tory of timber land values of the section in which 

 you may be interested. 



1914 will usher in new influences. Make your in- 

 vestments this year and profit by the work of the 

 new influences — make them work for you. 



James D. Lacey & Co. 



Timber Land Factors 



Chicago, III., 1750 McCormick Building 



Portland, Ore., 1104 Spaulding Building 



Seattle, Wash., 1009 White Building 



the good grades No. 1 common and better that are backward, the market 

 being unusually quiet. Poplar producers are now well supplied with stock 

 in the better grades but are holding prices firm, very few concessions being 

 reported. Some wholesalers are turning their attention to other woods 

 and pass up poplar for the time being. There are good reports from 

 producing fields, showing that millmen are not worried over the situation, 

 but look for a spurty market in this wood during the remainder of the 

 summer with demand growing better towards fall. 



=-< TOLEDO >= 



Hardwood is strong on thu Toledo market. Dealers continue to buy 

 practically all dry stocks offered and prices are holding extremely firm. 

 There is a good local demand for retailers from the building trades, 

 which are very active at present. Inside finish and flooring are strong 

 as many residences are being constructed and hardwoods are largely 

 used in most of the residences being erected here. Furniture and vehicle 

 factories are also good hardwood customers. 



Plain oak continues to lead the market. Quartered oak does not gain 

 much strength in this market. P^lm is in good demand and the same Is 

 true of ash. Hickory is a little off just at present and poplar is scarcely 

 as strong as it was. Generally speaking, however, the hardwood market 

 is extremely strong here with excellent prospects for a splendid summer's 

 run. Railroad lumber is holding firm. Cooperage stocks are in splendid 

 demand and are ruling high. Boxing and crating materials are scarce 

 and high. 



-< INDIANAPOLIS >— 



There has been a good hardwood trade during the last fortnight and 

 conditions generally are better than they were this time a year ago. 

 Prices are steady and the demand is sufficient to keep all of the hardwood 

 concerns fairly active getting out orders. The trade was afCected slightly 

 by the strike of planing mill employes and the lock-out of carpenters, be- 

 cause the demand for interior trim was affected. 



Now that planing mills are running again and the carpenters have re- 

 turned to work, the hardwood people find themselves with a lot of busi- 

 ness all at once. However, they expect to be able to handle the situation 

 with little delay. 



Oak, poplar and mahogany veneers are in special demand. These lines 

 are exceptionally active and the prices are stiff. 



=•< NASHVILLE >■= 



There has been some slowing up in the demand for hardwoods in the 

 Nashville market the past week or ten days, according to shippers and 

 manufacturers. This is not displeasing to manufacturers, however, as 

 they have had such a long run of prosperous business that they are will- 

 ing to have a breathing spell and a little time to accumulate some mate- 

 rial. There continues a good demand. Oak is selling at a high mark, 

 and getting scarcer all the time. A fair movement is mentioned of 

 chestnut, poplar, ash and other lines. The prices generally rule steady. 



=■< LOUISVILLE )>-- 



May was one of the l>est months ever experienced by local hardwood 

 concerns, and June is starting out in good shape, though hardly with 

 the snap that characterized last month. This was not to have been ex- 

 pected, however, as June is naturally inclined to be a slower month 

 than its predecessor, and the entrance upon the summer season usually 

 has a somewhat retarding effect. However, there are plenty of inquiries 

 for lumber going the rounds, and sales are in large volume. Some buyers 

 are now inclined to bold off for various reasons ; the furniture factories 

 to await the outcome of the semi-annual exhibits, and other consumers to 

 watch which way the tariff cat will jump, in the last analysis. It Is 

 believed that if the tariff is disposed of in sliort order it will help condi- 

 tions materially. Oak prices are continuing strong, plain oak having 

 advanced tK>yond previous quotations. Thick oak is a little quiet. Heavy 

 oak timbers are In good demand, many sawmills doing little but trim up 

 logs to enable the railroads to use the material in construction work. 

 Implement concerns are buying hardwood lumber freely, good crops In- 

 suring active buying by the farmers. Ash is In good demand. Qood 

 poplar is quiet, but low-grades are selling well. Ked gum Is not so active 

 as it has been. 



=-< ST. LOUIS y- 



Business is a little quiet in hardwood circles. It Is seasonable, how- 

 ever. There still continues to be a good demand for the majority of 

 Items on the list, especially those which are scarce. Plain sawed white 

 oak has the call and prices obtained for this item are strong. There Is 

 also a seasonable demand for ash and wide poplar boards. Red gum and 

 high-grade cottonwood are also in fair request. Local distributors are 

 not worrying a "^ great deal over the situation as those having a good 

 stock of the most salable items can afford to wait for a time in dispos- 

 ing of their stocks, as they feel pretty certain that prices will advance 

 before a great while on these items. The cypress situation is improving 

 slightly with a fair demand coming from the yards and factories. This 

 is practically true as to the orders from the North and Northwest. Not 

 only are prices being kept up but in many Instances they are improving. 



