THE HARDWOOD RECORD. 



25 



be by boat to a beautiful fishing club on 

 the Illinois siile of the river and will last 

 all ilay. dinner and supper being served on 

 the boat. There will be the usual athletic 

 events and the annual game of ball be- 

 tween the "Pines" and the "Hardwoods," 

 this game being a decidedly interesting 

 event. Success has always attended the 

 picnics and the outing of tliis year prom- 

 ises to hold up the record. 



MEMPHIS MATTER. 



Mr. \V. H. Knsse. of Uusse iV: Burgess, 

 is in St. Louis this weeli. attending the 

 meeting of the railway committee of the 

 National Hardwood Association, of which 

 he is chairman. 



* * * 



Mr. J. W. Thompson, of the .T. W. 

 Thompson Lumber Company, is out this 

 week on a southern trip. 



* * « 



Pap Ely and other distinguished lum- 

 bermen from Marlj Hanna's state attended 

 the stockholders' meeting of the J. W. 

 Dickson Lumber Company last week, and 

 e.xpressed themselves as well pleased. 



* * * 



Mr. F. H. Haman. of the Standard 



Churn Company of Wapakoneta, Ohio, 

 was a recent visitor here. 

 « * * 



Mr. Jerry Whalen, representing Will- 

 iams & Co. of New York City, was a re- 

 cent visitor to the trade. 



* * * 



Mr. C. C. Meugel, Jr., of the Mengel 

 Box Company of Louisville, Ky., was here 

 a few days ago. 



* * • 



ilr. Claude Moore, of Moore & Jfc- 

 iFerren, has returned from a business trip 

 to Louisville. Ky. 



* * * 



Following on the prospective announce- 

 ment of the prospective erection of .$500,- 

 OOO of railway shops here, by the Illinois 

 Central Railroad, the estalifishment here 

 by the Lansing (Mich.) Wheelbarit>w Com- 

 pany of a wheeled goods manufactory, it 

 is now announced that the Frisco Railroad 

 will put in some $2.50,000 of shops here at 

 an early date. Verily Memphis is moving. 



* « * 



The Ward Lumber Company of New- 

 port, Ark., has filed its articles of incorpo- 

 ration in that state. The capital stock is 

 $2oO.(I(:k;i. of which .$170,000 is paid. The 

 home offices of the com]iany are in Wayne 



County, Michigan. Chas. A. Ward is 

 president and Justin R. Whiting, secre- 

 tary. 



« « « 



The Southern Pine Lumbermen's Asso- 

 ciation meets in Memphis to-day. About 

 100 delegates are e.xpected. The sessions 

 will be held at the Gayosa Hotel, that is 

 getting to be a great resort for commer- 

 cial bodies that come upon Greater Mem- 

 phis. There is unusual activity in the 

 pine lumber field now. Some of the manu- 

 facturers who arrived last night said that 

 it would take three months' stead.y saw- 

 ing to get satisfactory stock back in their 

 yards if the present demand for railroad 

 lumber, framing, mining timbers and oil 

 refineries continues and mills try to accom- 

 modate the trade to the exclusion of the 

 building trade, then there will be noth- 

 ing but the outside of the log to go into 

 the yards and complete assortments would 

 be long delayed. 



• • • 



There are a fairly good number of lum- 

 ber representatives scouring the soutliern 

 markets for stock now, and the local 

 crowd are doing the same act in the tim- 

 ber district and looking out for logs all 

 tlie time. 



Market Reports 



CHICAGO. 



The local trade situation is not much 

 altered. The conditions here seem to com- 

 pare favorably with the conditions all over 

 the country. One does not hear as much 

 excited talk in Chicago as to values as is 

 current in other quarters, because, no 

 doubt, this Is strictly a buyers' market 

 All the same, buying is very active and 

 prices are stiff and no possible reason for 

 any weakening. On the other hand sev- 

 eral items in the list of liardwoods are 

 growing stronger. 



Poplar is certainly leading the proces- 

 sion. While Chicago is not a great pop- 

 lar market in comparison with the other 

 kinds of hardwoods used on this market, 

 there is a large quantity consumed, the 

 great bulk of it by a half dozen large^ 

 manufacturing concerns, and it is worth 

 while to notice that they are paying the 

 price. 



Plain red oak and quartered white oak 

 are selling readily and at advances prices 

 over a few months ago. though there has 

 been but very little change lately. The 

 scarcity of these stocks at mill points is 

 still noticeable, and there is considerable 

 difficulty experienced in supplying the calls 

 of the trade in dry stock for immediate 

 delivery. The price limit seems to have 



been rearlicd though, anil i\\cir is im sr.ir- 

 ing of an advance, nor do we hear of much 

 if any, underselling. 



Red gum is growing in favor and cotton- 

 wood is in striking sympathy with poplar. 

 Plain white oak is only fairly active and 

 quartered red oak is showing hut little 

 signs of improvement. 



The usual summer dulness is prevailing 

 in Michigan hardwoods, so far as local 

 shipping is concerned. Jlaple. elm and 

 beech is sold largely in a cargo way, and 

 while there is the usual amount arriving 

 in this way at this time, it is on previous 

 sales and is coming in for storage. 



By the way, vessel agents here are re- 

 porting considerable difficulty in the mat- 

 ter of chartering vessels, the first reason 

 advanced being that tonnage is not as 

 great as expected, and for the further rea- 

 son that owing to the increased cost in 

 handling the freight by reason of labor 

 combinations and excessive towing 

 charges, they find it unprofitable at the 

 prevailing prices. More than that it is 

 becoming a question whether some of the 

 Tessel owners want better go-out service 

 the res tof the seas'on. 



Wisconsin hardwoods, including red oak, 

 birch and basswood, are in good demand, 

 basswood particularly finding ready sale 

 at the top of the market. 



NEW YOBK. 



New York, June 10. 1UU2. 



So far as the wholesalers are concerned 

 there is little call for complaint regarding 

 hardwood conditions in the . metroixilis 

 to get rid of their stocks at excellent 

 prices, although the local demand is light. 

 Still, the inquiry from outside sources is 

 brisk, principally for poplar, oak, ash, 

 maple, birch and cherry. 



As far as the supply is concerned it 

 must be noted that shipments are coming 

 forward but slowly, and there is much 

 complaint of a shortage of cars. As good 

 stocks at the sources of sujiply sei'm hard 

 to find, many of the wholesalers and 

 buyers are leaving their happy homes for 

 trips to the mills' in the effort to secure 

 additional supplies. 



At the top of the list is poplar, the un- 

 precedented demand for which is actually 

 compelling manufacturers in this section 

 to substitute cheaper lumber. Cottonwood 

 is being called to the rescue, the increased 

 demand for it being very noticeable, good 

 stocks being disposed of easily at top 

 prices. Some manufacturers also .state 

 that they are using basswood in place of 

 white pine for interior work. It is these 

 little things that explain to some extent 

 the heavy demand for the lower gi'ades 

 of hardwoods, for they go' to prove that 



