HARDWOOD RECORD 



S3 



some years ct this tiaic, and this is an influence which is operating 

 against large undcrtaliings on the part of any branch of the trade. The 

 prospects, however, are for an exceptionally large cotton crop this season 

 and if these materialize the situation from a money standpoint will show 

 a sharp and quick change this fall when the crop begins to move. 



The foreign political situation is clearing up slightly and there is a 

 brighter prospect of business with the continent, but the bill of lading 

 controversy has not yet been settled and exporters here have relused to 

 close contracts for freight room for next season on the basis of the high 

 rates and numerous restrictions Imposed by the steamship companies, 

 with the result that the export outlook is clouded at the moment. 



■< INDIANAPOLIS > 



While midsummer dullness continues to some extent in the local hard- 

 wood market, there have been a few more inquiries during the last two 

 weeks. Fearing the imminent car shortage, retailers are beginning to see 

 the wl.sdom of ordering what they will need for the fall trade. 



There has been some little improvement during the last two weeks and 

 the situation is a little better than it was at this time last year. The 

 best demand is for oak and mahogany for interior finish work and for 

 poplar. There seems to be a good supply of all grades and varieties of 

 hardwoods that are carried in this market. Prices have not made any 

 perceptible change recently. 



=-< NASHVILLE >-= 



The Nashville hardwood market is now in the midst of the summer 

 season, and business is of light volume. Nashville firms state that they 

 have fairly good stocks, but there is no surplus, and it would probably 

 be difficult to secure any material concessions in prices in order to force 

 business. Oak continues to have a healthy tone, and values hold fairly 

 well on chestnut, poplar and other lines of hardwood. 



=-< LOUISVILLE y- 



Business Is a little better than there is any reason for expecting it to 

 be in July. Not a great deal of new business has made its appearance, 

 but enough orders have been on the books to carry the trade through the 

 dull season in excellent shape. July will be well above the mark set by 

 the corresponding month of last year, although of course it will not come 

 close to equaling the record of June, which with some companies was the 

 best in their history, and with many in excess of all demands since 190(1. 

 The prospects are for improved trade in July, the successful conclusion 

 of the furniture exhibits, the return of many vacationists, and the pros- 

 pects for an early adjournment of Congress being among the favorable 

 factors. 



Prices have been shaded in only a few instances, poplar and chestnut 

 being the slow movers and getting the benefit of the chief concessions. 

 Quotations in oak, both plain and quartered, ash, gum and other woods 

 have been well maintained. 



=-< ST. LOUIS y 



There has been a seasonable hardwood trade during the past two weeks. 

 The call for the majority of the items on the list has been only what 

 the local distributors expected during the summer season. There has 

 been, however, considerable activity shown In the demand for ash and 

 plain oak. The call for cottonwood and gum ^as also been above the 

 average. There has been considerable hardwood coming in from the pro- 

 ducing territory during the past week or two and the local distributors 

 are getting ready for their fall business. It is the opinion of the best 

 informed hardwod distributors that there will be little change for the 

 better in the way of business while the extreme heat continues. Cypress 

 is having a fairly good trade. The demand for it is as good as the dis- 

 tributors expect during the summer season. Orders are coming both from 

 consumers and from line yards, indicating that stocks in the yards are 

 low and need replenishing, and the local distributors therefore look for a 

 brisk trade before the fall business begins. 



=-< MILWAUKEE y 



The prospects are bright, even at this early date, for a fine fall trade 

 in the local hardwood field. Most concerns who are buyers of hardwood 

 seem to he poorly stocked up, as a result of their buying only to meet 

 their present wants, and it is certain that they will be in the market 

 when the fall business begins to loom up. Wholesalers are looking for 

 a more active business about the middle of August. 



The crop outlook in this section of the Northwest was never better 

 than at the present time and this seems to be instilling confidence in 

 builders and building operations in Milwaukee have been unusually active 

 this summer. 



Local hardwood stocks are light, especially in northern woods, as last 

 year's stuff has been cleaned up and new stocks have been arriving slowly. 

 Local wholesalers say that they expect stocks to be low until fall at least. 

 It is said that stocks at the mills are gradually being rounded into con- 

 dition and that by the time fall trade opens there ought to be a fairly 

 good assortment to choose from. Maple, birch and basswood seem to be 

 in leading demand just at the present time. Prices are holding firm and 

 are about unchanged. 



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. 



^ Our perfect machinery and super- 

 vision make perfect manufacture. 



Call or write now and 

 have a good choice 



Fred W. Black Lumber Company 



Chicago 



Take Dcnglas Park "L" to 40th Ave. and walk one bUck louth 



Your Second Setting 



Where will it be? Logically where there is a 

 worthwhile supply of timber that can be bought at 

 a fair price and the conversion of which will yield a 

 fair profit. 



By far the greatest number of these locations are 



In the Great Out West 



Others are making selections now. The most de- 

 sirable tracts go first and are going rapidly. This is 

 the year to get the best of what is left, even though 

 you do not contemplate operating until the last log 

 has passed through the mill you are now running. 



We know there are more and better opportunities 

 in the West than in any other section of the country. 



Each year many fine tracts of timber pass into the 

 hands of operators and the range of choice becomes 

 more restricted. 



Plan to spend your vacation in the West and while 

 out there take a look at some of the bargains we 

 now are offering. 



James D. Lacey & Co. 



Timber Land Factors 



Chicago, 111., 1750 McCormick Building 



Portland, Ore., 1104 Spalding Building 



Seattle, Wash., 1009 White Building 



