56 



HARDWOOD RECORD 



April 2r,, VM)i 



Manufacturers 

 of 



Stimson's 



HARDWOOD 

 LUMBER 



Annual Output: 50 Million Feet 



J. V. Stimson 



Huntingburg, Ind. 



Stimson Veneer & Lumber Co. 



Memphis, Tenn 



J. V. Stimson Hardwood Co. 



Memphis, Tenn., and Helena, Ark. 



Delta Hardwoods 



BACK UP YOUR REPUTATION 



BY THE USE OF HARDWOODS OF ESTAB- 

 LISHED QUALITY. WE ARE PREPARED TO 

 SUPPLY YOUR MOST EXACTING DEMANDS, 

 BOTH IN SERVICE AND QUALITY, BECAUSE 

 WE SPECIAUZE IN HARDWOOD LUMBER. 

 OUR STOCKS ARE UNIFORMLY MANUFAC- 

 TURED AND GRADED. THEY APPEAL TO 

 THE CAREFUL BUYER AND LEAVE SATIS- 

 FACTION IN THEIR WAKE. 



WE STUDY 

 TO PLEASE YOU 



Double Band Mills 

 II 



The 



BREECE 



Mamrfacturing G>. 



Arkansas City, ArL 



common tendency to go along from day to day, letting tbe future take care 

 of itself, on the chance that perhaps values will ease off, though of this, 

 in the opinion of the best informed members of the trade, there is not 

 even a slight likelihood. While the revival in the industries that call for 

 the use of hardwoods is very gradual, it has the merit of being con- 

 tinuous, so that after given time a material advance is to be recorded. 



CLEVELAND 



The end of the building tie-up and the renewed industrial activity on 

 the part of supply and millwork firms, together with the continuance 

 of the demand from automotive and kindred industries, has once again put 

 the Cleveland hardwood market on its feet. 



The demand, say leaders, is keener than at any time during the past 

 few years and movements are increasing daily. Wholesalers are manifest- 

 ing anxiety over adequate supplies and for the first time in over a year 

 they are expending energy in trying to buy. 



There are plenty of the lower grades available, especially in oak, but 

 the better grades are a scarce article. Retailers who considered them- 

 selves well stocked are finding that they underestimated the demand and 

 are ordering accordingly with delivery promised for future date. 



Under the circumstances, the coming months will probably create a 

 new record for mill shipments, as the past conservatism has resulted 

 in bringing matters to a place where movements will be concentrated into 

 the next two months. 



EVANSVILLE 



Hardwood lumber manufacturers and wholesalers of Evansville and 

 southern Indiana say that April has proved a little better month than 

 March ; that trade, in fact, has been about as good as they had antici- 

 pated. In their opinion business is going to get some better in May with 

 the coming of more settled weather. Manufacturers say that trade is 

 getting some better by degrees and that it is steadily improving in many 

 lines. "We know it is better in a lot of ways," said a manufacturer here 

 a few days ago, "but we could not prove it, if we had to." Owing to the 

 heavy rains and floods in the South, trade is more or less slow and many 

 of the lumbermen in that section are coming north to get their logs, and 

 for these they are forced to pay a good price. Not many hardwood mills 

 in Evansville are running at the present time. Owing to the floods along 

 Green and Barren rivers in western Kentucky, logging operations have 

 stopped for the time being and will not be resumed until after the floods 

 have subsided. Lumber prices are holding firm and both manufacturers 

 and wholesalers express the opinion that as the demand gets more brisk 

 that there will be a steady advance in prices, for the reason that stocks 

 in most sections are low. The furniture manufacturers of Evansville and 

 many other towns in the tri-statc section are expected to be in the market 

 for more liberal supplies of lumber within a short time. 



MEMPHIS 



J 



Demand for hardwood lumber is substantially broader and the tone 

 of the market is stronger, with prices showing a tendency to advance. 

 The Southern Hardwood Traffic Association is authority for the state- 

 ment that shipments are now larger than they were two years ago and 

 various members of the trade indicate that they are doing more business 

 than at any time since the depression of 1920 manifested itself. It is 

 quite apparent that interruption to production throughout the valley terri- 

 tory, occasioned by abnormal precipitation and record flood conditions, is 

 stimulating buying on the part of consuming interests. Shipments have 

 been augmented, too, by the efforts of some firms in the path of the flood 

 waters to get their lumber shipped before the high water reached it. 

 Concessions have been made in many instances to induce buyers to take 

 this stock. As a result, while the flood conditions are expected to bring 

 about a substantial advance in prices, they have had, in not a few cases, 

 the opposite effect thus far. It is emphasized, however, that most of this 

 "distressed" lumber has been taken care of, thus removing considerable 

 pressure from the market and leaving in force operation of the law of 

 supply and demand. It is conceded that daily shipments throughout the 

 valley territory from Memphis south are far greater than the quantity of 

 lumber being placed on sticks and it is felt by the trade that the decreas- 

 ing tendency of stocks will sooner or later eventuate in considerably 

 higher prices all along the line. Sellers are c(msideraldy firmer in their 

 ideas of value. This finds striking reflection in the statement that con- 

 sumers who are attempting to place orders calling for deferred .shipments 

 on the basis of current quotations are meeting with but little success. 

 Forward delivery sales are being made, but they are being made on tbe 

 basis of prices on day of shipment and not on date of sale. 



Building trade interests, under the leadership of flooring manulacturers. 

 represent the most active group of buyers. Furniture nmuufacturers. 

 however, are taking more lumber, while there is a better demand from 

 automobile manufacturers, from the railroads and from producers of 

 agricultural implements and vehicles. Box manufacturers are absorbing 

 considerable quantities of low grade Cottonwood and gum. while low 

 grade oak is being purchased in a rather large way for the manufacture 

 of crating material. Practically all consumers arc increasing their pur- 

 chases. The only really disappointing feature is the failure of export 

 buying to develop on a larger scale. It is still quite restricted. 



