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 CS FOR FULL PARTICULARS 



THE GEORGE HENKE COMPANY 



62 Beekman 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 



$126,000.00 



In Savings DIVIDENDS 1^^ ">"e,i 

 This "\' e a r to Policy Carriers of 



The Lumbermen's 

 Underwriting Alliance 



Possibly there is no good reason why 

 YOU were not among these beneficiaries. 

 If it is a matter of eligibility, and you 

 feel that your plant does not at present 

 comply with all requirements, confer 

 with us anyway. Let us see if it cannot 

 be brought up to an acceptable standard 

 at no greater cost than will be justified 

 by the prospective saving on insurance 

 rates. 



U. S. Epperson & Company 



Attorney and Manager 

 1101 R. A. LONG BLDG. KANSAS CITY 



activity in poplar, chestnut and other lines. The hardwood flooring trade 

 has had a season of prosperity and some fine orders have been tilled. Ship- 

 ments have been made to the Efist and also to foreign countries. Satis- 

 factory business is also reported at the box factories. 



=•< LOUISVILLE >= 



The gt-neral agreement is that the condition ol' business is much better 

 than it was this time a year ago. The demand is holding up well and, 

 with the furniture exhibits soon to be over, the call for lumber from that 

 i|uarter will likely be renewed in increased volume, as all reports have 

 it that retailers in most sections of the country, with the possible excep- 

 tion of the East, are well satisfied with the present outlook. Oak lumber 

 is moving well, quartered oak seeming to have the call. Plain oak is still 

 in good demand, however, and prices have not suffered from the temporary 

 lull. Poplar is pretty quiet, the demand for all grades having tapered off 

 somewhat. Ash is a good seller, but gum is less active than it has been. 

 Mahogany is selling well and prices are firm. 



^-< ST. LOUIS y 



Business is quiet at tlii.5 point and the usual summer inactivity is on. 

 The local distributors, however, are not idle. Tliey are busy replenishing 

 their stocks and getting ready for the fall trade. There is a diversity 

 of opinion among them as to the volume of fall business they will do. 

 Some state that consumers still have a good quantity of lumber on hand, 

 resulting from deliveries being made to them on old contracts, so they 

 will not come into the market and buy as liberally as they would do other- 

 wise. Other distributors think that business will be excellent, basing 

 their belief on the fact that what the consumers now have on band will be 

 used and they will have to come into the market to buy. 



Prices remain excellent on nearly every item on the hardwood list. 

 This is particularly true as to iilain oak. TJiis item is in good demand and 

 is comparatively scarce. Manufacturers are getting out timber as fast as 

 they can and have a pretty good accumulation of stocks on hand, but are 

 not over stocked. The cypress trade has been fairly good. The larger 

 yards have been receiving lumber for some time and are now in pretty 

 good shape to take care of a big business. 



=■< MILWAUKEE y 



While the usual summer dullness is making ilself felt in the Milwaukee 

 hardwood trade, conditions are better than at this time a year ago, and 

 the prospc' Is for a late sinumor and fall trade are exceptionally good, 

 r.usiness in general seems to Ix* adjusting itself satisfactoril.v, as the 

 talk regarding tariff and currency reform Is becoming more rational, and 

 people at most points around the state arc inclined to go ahead with 

 their building operations. Best of all, the crop outlook is unusually 

 bright and when this state of affairs exists in this section of the North- 

 west it is pretty certain that general business will be good. 



The high level of prices which is being maintained in most lines of 

 liardwood is tending to prevent consumers from buying more than enough 

 to meet (heir present wants. Manufacturers si'em to be confident that the 

 future demand will be strong, and there are no evidences of price cutting. 

 Stocks are light in practically every line, buyers finding it necessary to 

 jilace fair orders. Maple, birch and low-grade basswood are still in leading 

 demand. 



=■< LIVERPOOL y- 



The volume of arrivals has been exceptionally heavy during the past 

 month. At present the quays here have a very animated appearance, 

 stocks being moved promptly away into consumption. T'nder the circum- 

 stances values have kept up wonderfully well and in many instances 

 advances have been noted. I'rime ash planks are the firmest spot in the 

 market, and shippers of the right stock should have no difHculty in 

 iihtaining orders at advanced prices. The best thicknesses are 3-inch 

 and 4-inch, but I'/j-inch and 2-lnch stock is also easily sold. Walnut is 

 also exceedingly firm, but that Is an old story. This wood is firm simply 

 because the supply is not equal to the demand. 



There are one or two items, however, which are far from being firm. 

 Round hickory logs is one of them. Tarcels now on the quay are selling 

 for from 2s 4d to lis t'.d. The stock now on the qiuty is rapidl.v dis- 

 appearing into consumption and will not hold over until new wood arrives. 

 It is stated that shippers have been exceedingly foolish in handling their 

 shipments to this port during this season. They have dumped stocks in 

 the most impossible fashion, without any regard to the market require- 

 ments. .Tust when the market was at its firmest point they flooded the 

 market with four or five thousand logs. This port can swallow about as 

 much hickory as any other port in the world, but it doesn't like it all 

 coming at once, and the recent attitude has really been too absurd tor 

 words. The same folly seems now to be in full operation in the exten- 

 sive wagon oak plank market, and it is to be hoped that the present 

 tendency to ship on consignment will not be continued. This market can 

 stand shipments on consignment only in the days of bare markets, and 

 shippers should take the advice of responsible brokers before adopting 

 such suicidal tactics as they have recently adopted with wagon oak and 

 hickory. 



The mahogany position was much strengthened by the sales held re- 

 cently. The stocks offered were not extensive and prices advanced 

 slightly in the face of a keen demand. There seems no Immediate prospect 

 of prices being reduced in the near future. 



