HARDWOOD RECORD 



53 



Iwen, shippers and manufacturers report a fairly good demand, with 

 prices continuing firm. Members of the local trade do not predict any 

 easing up in values, but are optimistic as to the future of the marliet. 

 Oak continues most active, and ash is a good seller in limited supply. 

 Chestnut and poplar are in fair demand. 



=•< MEMPHIS >-- 



The hardwood market here continues in a very healthy position. There 

 has been a good demand recently from both consuming and distributing 

 centers, particularly the North and East. Business with the West has 

 not been quite so good as usual at this time. The northwestern mar- 

 kets, too, have been a little slow. It is noteworthy, however, that there 

 is a large foreign demand and that export business is on a big scale, 

 not only from Memphis proper but from other points in this territory. 

 Manufacturing operations have been on a pretty full scale during the 

 past few weeks and a large amount of lumber has been produced. How- 

 ever, stocks are still broken in some directions and there is no pressure 

 on the part of holders to sell. 



Plain oak occupies a particularly strong position in all gra:des while 

 there is a very good demand for quartered oak. The market is firm on 

 both Cottonwood and gum in the lower grades. The supply is rather 

 below requirements and prices are in favor of the seller. The upper 

 grades of gum and cottonwood are neither so firm nor so active as the 

 lower but there is a fair volume of business offering in these. Ash is 

 selling without difficulty. There is a fairly active call for the lower 

 grades of cypress but uppers are relatively slow. Sap gum is moving 

 more freely than red, though the latter is reported a little more active 

 than a short time ago. particularly in stock thinner than 1 inch. This is 

 the direct result of the export demand which includes thin red gum. 



=-< LOUISVILLE y- 



As far as new business is concerned, local hardwood concerns report 

 that trade is seasonably quiet. All conditions conspire to prevent much new 

 business from being placed, and the result is that buyers are ordering 

 only as they need to. The railroads, which begin a new fiscal year Jul.y 

 1, are buying as little as possible in order to enable the closing year 

 to make a good showing on operating expenses, and the furniture manu- 

 facturers, another branch of large consumers, are doing little in antici- 

 pation of getting a fresh line on business at the semi-annual shows. 

 Hence inquiries and orders are not as numerous as they were last 

 month ; but this does not mean that trade is dull, for as a matter of fact 

 the business already booked by local concerns is sufficient to enable ship- 

 ping to be continued in large volume. June, 1913, is making a much 

 better showing than the corresponding month of last year, and compares 

 favorably with last month, which set a new record in volume for some 

 local houses. Not giving account to business already contracted for. and 

 considering the market as it relates to orders now being placed, it may 

 be said that quartered oak is the leader in strength, that plain oak is 

 probably less active than it has been, and that chestnut and poplar are 

 fairly slow movers. Ash is going well, and hickory is in fairly ^ood 

 demand, the wagon makers having had a big season. 



=■< MILWAUKEE >-= 



The outlook in the lumber trade seems to be especially bright at this 

 time, and lumbermen believe that a big business may be expected later 

 in the summer and in the fall. One of the most favorable signs is the 

 cxeelleut crop outlook, which ought to assure a satisfactory business in 

 most linos of industry. 



Euildin; operations in Milwaukee up to this time have established 

 a new high record, while the prospects are bright for the remainder 

 of the season. The building record for the first five months of the year 

 is more than $1,000,000 ahead of the same period in 1912. This is 

 interesting in view of the fact that an unusually high record was estab- 

 lished a year ago. June shows consideraldy more activity than the 

 corresponding month a year ago and more than $600,000 will be spent 

 in erecting various buildings under permits to be issued during the 

 remainder of the present month. 



Hardwood buyers are still holding off as much as possible, evidently in 

 the belief that prices will go lower when new hardwood is in better 

 shipping condition. The market is still strong, however, as the supply 

 of northern woods is light. Firsts and seconds birch and basswood are 

 scarce and are higher in some instances. Demand for maple is strong. 

 Plain and quarter-sawed oak is in brisk demand and prices are being 

 well maintained. 



Several of the larger hardwood consuming concerns are taking their 

 mid-year inventories and this naturally curtails buying to a certain 

 extent. Demand from the furniture plants is expected to take on new 

 life some time next month, as most of these concerns are meeting with 

 a good business. 



-■<, BRISTOL >.= 



Lumbermen of Bristol report that the hardwood lumber trade con- 

 tinues brisk. They do not expect the usual period of summer dullness 

 this year, on account of the brisk state of trade and the demand for 

 stocks. All mills are running and are pretty well sold up. Shipments 

 of late have beeu heavy and conditions have been very favorable to the 

 mill men. 



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 



WKITE CS FOR FULL PARTICULARS 



THE GEORGE HENKE COMPANY 



62 Beekman Street 



NEW YORK 



On the Following Stock We Will Make Special 

 Prices for Prompt Shipment: 



83.000' 2" No. 2 Common Poplar. 58,000' 



10,000' 114" No. 1 & 2 Qtd. Poplar. 36,000' 



20,000' 1x24" & up No. 1 and Panel 28,000' 



Poplar nut 



40,000' 3" No. 1 & 2 Poplar 41,000' 



15,000' 4 " \ 18 to 30 " No. 1 & Panel nut 



Poplar 69,000' 



30,000' 4" X 7 to 25" No. 1 & 2 nut 



Poplar 12,000' 



35,000' 5/8 X 18" & up No. 1 & 19,000' 



Panel Poplar 86,000' 



117,000' 6/4 S. W. & No. 2 Common 6,000' 



Chestnut 21,000' 



38,000' 1 X 13" & up No. 1 & 2 10,000' 



Chestnut 88,000' 



68.000' 1" No. 1 Com, Chestnut 19,000' 



4'!,000' 5/4 No. 1 Cora. Chestnut 10,000' 



6/4 No. 1 Com. Chestnut 

 8/4 No. 1 Com. Chestnut 

 4/4 No. 1 & 2 Com. Chest- 



5/4 No. 1 & 2 Com. Chest- 



6/4 No. 1 & 2 Com. Chest- 



6/4 No. 

 8/4 No. 

 3" No. 



4" No. 

 5/4 No. 



8/4 No. 



4/4 No, 

 5/4 No. 

 8/4 No. 



. 1 & 2 Red Birch 

 1 & 2 Red Birch 



1 & 2 Red Birch 



1 & 2 Red Birch 



. 1 & 2 Cherry 

 1 & 2 Cherry 

 1 Common Cherry 

 1 Common Cherry 

 1 Common Cherry 



The Atlantic Lumber Co. 



70 Kilby Street, Boston, Mass. 



fl Fitzgibbons & Krebs Patent Ele- 

 vated Traveling Derrick propels itself 

 on 28-ft. gauge track. 



^ No guy wires. 



^ Write to O. M. Krebs, Mallory 

 Branch, Memphis, Tenn., or to P. F. 

 Fitzgibbons, Chattanooga, Tenn., for 

 pamphlet fully illustrating and explain- 

 ing the derrick. 



CJ Also ask for list of users. 



