54 



HARDWOOD RECORD 



May 25. 1922 



Offering 



Thoroughly Kiln Dried 

 Lumber and an Efficient 

 Kiln Drying Service 



A thoroughly modern kiln equipment at 

 Owensboro enables us to make prompt ship- 

 ment on our own stock, thoroughly kiln dried 

 and also to offer kiln drying service of proven 

 efficiency for handling either green or dry 

 lumber. We offer quick shipment, either 

 domestic or export, straight or mixed cars, 

 all N. H. L. A. grades in our soft texture 

 oak ideal for good furniture. We also have 

 splendid walnut, a fine stock of poplar, chest- 

 nut, gum, hickory, maple, elm, cottonwood, 

 beech and quartered sycamore. Thus prac- 

 tically every line of woodworking is offered 

 a thoroughly reliable source of entirely de- 

 pendable material. 



Try STIMSON at Owensboro 

 the next time 



J. V. Stimson & Co. 



OWENSBORO, KY. I 



JACKSON & TINDLE 



INCORPORATED 



Sales Office 

 GRAND RAPIDS, MICH. 



Main Office 

 BUFFALO, N.Y. 



Complete stock of 



Dry Northern Hardwoods 



HARD MAPLE BIRCH 



SOFT MAPLE BEECH 



BASSWOOD ELM 



MILLS AT PELLSTON AND MUNISING, MICHIGAN 



The Tegge Lumber Co. 



High Grade 



Northern and Southern 



Hardwoods and Mahogany 



Specialties 



OAK, MAPLE, CYPRESS, POPLAR 

 Milwaukee, Wisconsin 



pany, Ltd., has been granted an Ontario charter, with headquarters at 



Iluntsville, Ont. The capital stoclc is placed at $50,000 and the provisional 



directors are J. A. Boyd, Wilfrid Heighington and G. H. Shaver of To- 

 ronto. 



The Hardwood Market 



CHICAGO 



The Chicago hardwood markft is participating in the country-wide 

 improvement in demand and prices. During the past fifteen days sub- 

 stantial advances have been made in nearly all upper grade items of both 

 j^outhern and northern lumbers. This improved condition has been 

 brought about by increase in demand from nearly all sources, but most 

 notably from the automobile and building trades industries. This is the 

 peak production season for the automobile makers and they are in the 

 market for large quantities of hardwoods. The tremendous amount of 

 building that is taking place in this section of the country is causing the 

 interior trim and flooring people to buy liberally. The fact that this is 

 the time when old stocks are at the lowest point and new stocks are not 

 yet generally ready for the market has contributed to the advance in 

 prices and the condition of shortage of stocks, which is always a con- 

 comitant of advancing prices. Local representatives of mills as well 

 as wholesalers btdieve that the improvement is going to be more or less 

 permanent and that while there will certainly be lulls in demand and 

 brief recessions in prices the general trend will be upward until a truly 

 normal condition has at last been arrived at. 



BUFFALO 



The hardwood trade shows some improvement, with some branches in 

 the manufacturing line beginning to take more stock than for a good 

 while past. The automobile concerns have been better buyers recently and 

 the industry is said to be on a more satisfactory basis. Furniture plants 

 are not buying any large amounts of stock, but they are anticipating a 

 revival of trade within the next couple of months. A good many orders 

 are being received from the building trade, which is generally busier than 

 for years past. This makes many orders for interior trim and flooring. 



The trade is fairly well distributed over a number of different woods, 

 with prices generally holding firm. Oak is in leading demand at most 

 yards, while improvement has lately taken place in maple, with a strength- 

 ening in price. More poplar has been selling lately than for some months, 

 and an improvement has started in basswood. Kirch has also been in 

 fairly active sale. Mill stocks of most woods are quite small, except in 

 the lower grades, so that prices are expected to hold strong. 



MEMPHIS 



The hardwood market continues to increase in both strength and ac- 

 tivity under the stimulus of lessened production and expanding demand. 

 Shipments are going out at a rapid rate, while the quantity being placed 

 on sticks is quite small. This condition is resulting in substantial deple- 

 tion o( available stocks, especially in No. 1 common and better grades. 

 It is conservatively estimated that southern hardwood production is no 

 greater than 2~> percent of normal, while it is conceded that shipments 

 are now heavier than at any time for the past two years. Some manu- 

 facturers have withdrawn all their lumber from the market, in the belief 

 that prices will further advance: and this action on their part tends to 

 decrease offerings and to increase the <Ufficulties of ct)nsuming interests. 



Flooring manufacturers are still absorbing considerable quantities of 

 Nos. 1. 2 and 3 common plain oak in lioth red and white, and offerings 

 thereof show substantial shrinkage. These interests bought heavily of 

 distress stock during the recent pressure on owners whose operations were 

 threatened by floods and they are, therefore, pretty well supplied for the 

 immediate present. At the same time they are making no effort to conceal 

 their anxiety about their requirements for the next three or four months 

 during which stocks must necessarily reflect the absence of production 

 whicli has recently been seen and which will continue to be seen for 

 several more weeks. In the meantime, it is generally agreed that prices 

 on Xo. 1 common plain red oak, f. o. b. cars at Memphis, are about $50 and 

 that those on No. 1 common plain white oak are $55. Some interests 

 :irc asking even more, but they are making few sales. 



Otlicr building trade interests are actively in the market for oak. cotton- 

 »ond. gum and cypress and they are, virtually without exception, paying 

 higher prices than a fortnight ago. Automobile interests are likewise 

 buying with considerable freedom. Their principal purchases are in 

 thick elm, in cottonwood, in sap gum and in ash. They, too, are paying 

 advances. The railroads, directly and indirectly, are taking increasing 

 quantities of lumber. Car-building and car-repair plants are far more 

 active than for several years, and they are necessarily in the market in a 

 more substantial way for lumber and dimension stock. Minor consumers, 

 including agricultural implement manufacturers, producers of wooden 

 I ontainers, and packing crates, and makers of musical instruments of all 

 kinds, are absorbing considerable quantities of hardwood lumber. It may 



