HARDWOOD RECORD 



49 



•jffoct a reversion to the former general level of prices. Conditions, gen- 

 erally speaking, botli with the yard trade and the factory trade, are excel- 

 lent, the yard men especially being in an optimistic mood. 



=-< NEW YORK >.= 



The local hardwood market shows little change in the past two weeks. 

 It is generally believed, however, that the dull season is nearly at an end 

 and that the carl.v fall will see a material improvement in business gen- 

 erally. The money market is tight and loans are not easy to obtain, 

 which has curtailed the operations of builders and cut down the con- 

 sumption of lumber. Stocks at wholesale and -mill points are easier, 

 which has tended toward lower prices on some lines. Prices are generally 

 satisfactory, however, and there are no signs of a real break. Some items 

 of oak, poplar and gum are lower, as well as maple flooring. Oak flooring 

 remains firm and in good call. Mahogany is still high in price, no great 

 nmount of stock being offered. 



=■< BUFFALO y 



The hardwood trade is generally called quiet this month. Something is 

 doing right along at the different yards, but it is of a midsummer character. 

 Not much stock is being received at present, and receipts up to the begin- 

 ning of the present month have been fairly active. Buying is being re- 

 stricted to present needs and many purchasers are running their oflJces on 

 a vacation basis. 



The chief wood in demand is plain oak as for some time. Brown ash, 

 maple and birch are among others in fair sale. Poplar is about holding 

 its own. Thus far there has been no dropping off in yard prices and 

 dealers state that they are getting as good figures today as they did 

 several months ago, when business was much more active. While buyers 

 look for lower prices, there is some prediction that they will be dis- 

 appointed. 



•< PHILADELPHIA >■ 



There was a noticeable dimiuution in hardwood trading during the 

 month of July, but the last ten days have shown a marked improvement 

 in the situation. Although sales have not increased to any extent, more 

 inquiries itrc coming in and an unfailing optimism prevails as to outlook. 

 Report.-: are floating of a weakening of prices in poplar, ash and even In 

 plain oak. but this is true, it is ascertained, only in spasmodic cases and 

 in many instances is traceable to commission men. The buyer still pre- 

 serves a conservative attitude, as he firmly believes in a possible break 

 in valuPo in the near future, but the trade generally is confident that the 

 i^dvent of fall will bring firm prices all along the line, with an upward 

 tendency at the first rush of orders. Collections are said to be slow, and 

 the curtailment of loans for building operations, etc., no doubt has an 

 influence on the lumber situation at this time, but taking the hardwood 

 situation as a whole there is a decided improvement both in prices com- 

 pared with same period of last year and in volume of trade. 



The relative pcsitions of the hardwoods are unchanged. Oak of all 

 kinds, with but slight variation according to grade, holds first place; ash. 

 maple, ^■he^:tnilt and basswcod retain their old position ; birch, beech, and 

 in latt all hardwoods, are holding their own. 



-< BOSTON >-= 



The general market is in a much brighter conditiun than for some time, 

 and the fall should bring forth a good bu.siness. The soft wood manufac- 

 lurtrs are recovering from the so-called low market, with prices firmer 

 and more uniform. Hardwood wholesalers, while business is not very 

 lively, do not appear to be worrying over what is usually considered the 

 vacation season. Although no especially noticeable large orders have been 

 reported, there is more or loss doing all the time, and it is the hope of 

 all lumbermen that confidence in the business of our country and our 

 statesmen will be maintained. The yards are complaining some over the 

 poor payments, builders finding much difficulty in floating their loans, 

 l>eing attributed as one of the causes for slow payments. 



-•< BALTIMORE >■= 



The general easing off in the quotations on lumber has also affected 

 most of the hardwoods, in which a slightly lower tone is being noted, 

 though in various instances no actual decline is evident. It is the experi- 

 ence of sellers that buyers show more hesitancy about placing orders, and 

 the resultant disposition to aid the movement to some extent encourages 

 off(rs of concessions ; but any statement regarding the state of the market 

 depends much upon whether the raillman's end or that of the buyer is 

 taken. The millman as a rule adlieres with considerable firmness to his 

 quotations, and whatever easing off has taken place is largely confined to 

 the distributive markets. The wholesaler is confronted by the necessity 

 of having to pay comparatively high prices, and to contend with more 

 or less competition when it comes to placing stocks. The yards and 

 <'orsnmers, encouraged by the free offerings at the present time, are slow 

 to place orders and endeavor to try out the market by holding off and 

 getting quotations from a number of sellers, using the figures of one 

 to bear those of another. In this way some degree of unsettlement is 

 brought aoout. It cannot be doubted that the mills have caught up with 

 1h'' requirements of the market in a majority of directions and that there 

 is now nt) [ires] e< t ef a scjircity nf i.ne kind of lumber or another. 



A few words to the users of this ex- 

 cellent wood and those who contemplate 

 using it. 



Alany years' experience in the manu- 

 facture and marketing of this item of 

 stock ha\\e satisfied us that in this wood, 

 more than in any other hardwood, the 

 successful consuming manufacturers in- 

 sist upon having only high quality stock 

 ■ — not only as to grade, but manufacture 

 and careful handling while in pile for 

 seasoning. 



Choice logs do not always produce 

 good lumber — it depends largely upon 

 how much care is exercised in the 

 process of manufacture; nor does the 

 production of high quality stock end 

 here — it must be carefully put into piles 

 and sufficient piling sticks used to insure 

 its drying out flat. 



When you are about to place an order 

 for Gum, some of the essentials that 

 suggest themselves to you are: 



Full and uniform thickness. 



\^ery dry stock that in process of 

 drying has remained flat and straight. 



Good range of widths and lengths to 

 assure you of a good yield of clear cut- 

 tings of various sizes you require. 



Last, but not least, after placing or- 

 ders you want them executed promptly 

 and on time — also honest grading and 

 measurement. 



We are equipped with six band mills, 

 backed by our own timber lands, to give 

 you that kind of stock and unexcelled 

 service. 



Write, Phone or Wire for Prices 



PAEPCKE LEICHT LUMBER COMPANY 



GENERAL OFFICES CHICAGO, ILLINOIS 



