HARDWOOD RECORD 



SI 



bcr and on hardwoods. This has been apparent for some little time, but 

 has not assumed any serious proportions. It is the result of the advent 

 of the usual laxity in demand at this time, together with the still apparent 

 effect of recent big transit shipments on account of the flood menace, and 

 receipt of considerable shipments of northern stoclc by water. No great 

 uneasiness, however, is felt locally and it is confidently predicted that the 

 present situation, while it will probably continue for some little time, 

 will be definitely righted towards the end of July, at which time a 

 resumption of rery active business is anticipated. 



=■< NEW YORK y- 



The hardwood market in general is showing less than normal activity 

 and with but few exceptions prices are firm. Wide No. 1 panel poplar 

 has been very slow of late. A number of mills have been cutting four- 

 Inch, with the result that the price for this stock has eased off quite a 

 Utile. On the other hand, it is noted that Jvo. 1 common red and sap 

 birch has been advanced $2 and $1, respectively, and the remainder of 

 the list shows no reduction in prices. Oak is still in very good call and 

 it will probably continue so for a long time to come. Ash, basswood, 

 chestnut and maple In the better grades are in fair call. The fancy 

 woods continue strong in demand and the supply short. The yard and 

 manufacturing trades are not carrying any great amount of stock but it 

 Is not expected that buyers will come into the market for large supplies 

 until after the warm weather. In the meantime It is expected that 

 the demand for current needs will absorb the ready supplies. 



The hardwood flooring market is fairly active. Competition has been 

 pretty keen in this market but the large handlers are all holding firm on 

 prices and show no disposition to break the market simply to make 

 sales. 



=-< BUFFALO y- 



The hardwood yards have been doing a fair amount of business lately, 

 but their local sales have been much interfered with by a strike amon,? 

 teamsters. June business, therefore, will not show up so well as It 

 otherwise would. Buyers generally have been taking hardwoods only 

 for immediate use. Yard prices have been holding up well. The demand 

 for common oak has not been quite so strong at some yards as It was 

 a short time ago. Flooring in various hardwoods continues strong and in 

 relatively good demand. Brown ash has been one of the most active 

 woods. Lake supplies have begun to come in to some extent, a number 

 of large hardwood cargoes being reported. 



■< PHILADELPHIA > 



The hardwood situation remains practically unchanged from a fort- 

 night ago. Market reports vary according to the capaclt-y of the handlers 

 of these woods, for naturally the man who can supply the desired stock 

 is the one who gets the orders. The slight decline from a sharp activity 

 is to be expected as the warm weather approaches, but a dependable 

 undercurrent of strength in the situation augurs a continued firmness of 

 the market. The prolonged tariff agitation naturally affects the box 

 employing Industries to some extent, but it is the opinion of the close 

 observer that it is not responsible for halt of the ills laid at its door. 

 The consuming industries continue fairly busy, and the railroad com- 

 panies are planning for increased extension work and equipment. Stocks 

 at the mill end are none too heavy, and the first rush for goods will 

 clean up the bulk of desirable woods, consequently prices hold firm. On 

 the whole the present state of the hardwood market is far from causing 

 uneasiness of any kind. 



The position of the woods Is but little changed. Plain and quartered 

 oak is the leader ; ash Is In good demand ; birch Is active ; cherry, bass- 

 wood and beech hold good place ; high-grade chestnut is steady, and 

 sound wormy firm. There Is no weakening in mahogany and veneer ; 

 'low grades of all hardwoods are scarce and prices well sustained. 



-< BOSTON y- 



Taking the demand for hardwood lumber as a whole In Boston and 

 vicinity during the past two or three weeks, it cannot be termed active 

 but, on the other hand, quite attractive features have developed in the 

 market. The call for some grades of lumber is much more active than 

 for others, but prices throughout the list are firmly maintained and 

 practically all reports from manufacturers of hardwood lumber indicate 

 the tendency upon their part to hold for full asking prices rather than 

 to try to force sales and in that way sacrifice profits. There has been 

 a very good demand for veneers, and manufacturers making such stock 

 have been able to keep their plants running practically full. Furniture 

 manufacturers are busy and piano makers in this section have had a 

 good season. 



The demand for plain oak in one inch, one's and two's, is perhaps the 

 strongest feature in this market. Offerings are small and prices are well 

 held. There is also a strong demand for quartered oak in thicknesses 

 of %, % and % inches. Ash is also in good demand and dealers here 

 state that they have a call for all grades, including culls. Ash is in 

 small offering, due in part to the strong demand reported in the West. 



=-< BALTIMORE y 



There is little change in the movement of hardwoods in this market. 

 Every now and then indications of an casing off in the inquiry is 

 reported, but this has been so far always succeeded by a restoration 



Quartered Oak= 

 Veneer 



^ Our stock is sawed or sliced from 

 genuine Forked-leaf White Oak. 



^ If you call you won't leave without 

 buying as we have the right figure for 

 the most exacting requirements, 



C[ (3ur perfect machinery and super- 

 vision make perfect manufacture. 



Call or write now and 

 have a good choice 



Fred W. Black Lumber Company 



Chicago 



Take Douglas Park "L" to 40th Ave. and walk one block south 



Timber Grows 



In Value 



Steadily, persistently, consistently. 



Here are the reasons: 



DEMAND increases with the increase in population 

 and in time becomes competitive in character. 



SUPPLY becomes less each year almost to the 

 extent of the annual cut, 



INTENSIVE USE. Kinds and qualities of timber 

 now regarded as valueless will be marketable 

 in a few years. Estimates now regarded as 

 fairly exact will be made valueless in a few 

 years within which time more of the timber will 

 enter the "merchantable" class. 



These are not ARGUMENTS; they are FACTS. 

 Take them into account before deciding on your 

 next investment. 



James D. Lacey & Co. 



Timber Land Factors 



Chicago, 111., 1750 McCormick BuiMing 



Portland, Ore., 1104 Spaulding Building 



Seattle, Wash., 1009 White Building 



