May 



1922 



HARDWOOD RECORD 



S.T 



also be noted that export demand shows sonic revival. The American 

 Overseas Forwarding Company says it is booking lumber cargoes for the 

 United Kingdom and Mediterranean ports at the rate ot 2.000,000 to 

 2,500,000 feet a weeii, while some exporters here who looli after their own 

 booking and forwarding say they are experiencing more inquiries and firm 

 offers from overseas than for a long time. 



Furniture manufacturers are increasing their purchases somewhat, but 

 they are lagging behind the other major consuming groups. As a result, 

 the so-called "furniture woods," including both lumber and veneers, are 

 failing to show either the strength or activity characterizing the remain- 

 ing items on the hardwood list. But, while the present attitude of furni- 

 ture manufacturers is proving somewhat disappointing to hardwood inter- 

 ests, the latter are confident that there is a strong potential demand 

 ahead from the furniture industry and that the increased buying from 

 this source will come at a time when stocks will be appreciably smaller 

 than now and when prices will t>e substantially higher. 



PHILADELPHIA 



The hardwood market in Philadelphia and the metropolitan district is 

 enjoying the best period of the year — ot considerably more than a year. 

 While the word boom must be taboo, there are indications that the mar- 

 ket is approaching that state. 



Industrial purchases have taken a splendid rise within the past two 

 weeks. This is especially true through the great mill districts of Phila- 

 delphia, in the shipyards and through the entrance of the railroads in 

 the market. The only sterile region is that of the anthracite and bitumi- 

 nous fields w'here the buying power has terminated due to the great strike, 

 Delaware, slow in building comeback, is staging a fine return to normal 

 conditions in the great car works. Industrial conditions in Wilmington 

 and Chester are much improved. 



The most active market is found in grades of hardwoods used in build- 

 ing construction. With all records of building construction shattered, the 

 hardwood dealer is finding his stock steadily decreasing. Flooring has 

 taken a big spurt during the past week. Low grade material fortunately 

 is finding a market for the tirst time in seemingly a decade ! 



Some excellent orders have been forthcoming from the New York Ship- 

 building Company which has received orders for the caissons for the Dela- 

 ware River Bridge construction. Other Delaware yards have been pur- 

 chasing better than for the past year. 



The furniture people report excellent business and the Victor Talking 

 Machine Company reports the best year of its history. The company has 

 just formed a subsidiary to erect a factory in South America. 



Gum, white oak, maple flooring, chestnut, ash, red oak, birch, elm, 

 cherry and quartered oak have been very busy, with uppers registering 

 sharp advances. Red oak has been particularly in demand. 



At any rate, the demand for nearly the entire line is excellent and 

 dealers are in a most optimistic frame of mind. One warning is being 

 sounded by the more conservative element in the industry — do not let 

 prices get too high and stifle the demand. This is worrying the largest 

 distributors considerably. 



CLEVELAND 



The hardwood market in the Cleveland district generally shows signs 

 of radical improvement which may be attributed to the settlement of the 

 builders' strike and the pick-up in the furniture industry. Mahogany, 

 walnut, poplar, gum and chestnut are showing unexpected strength at 

 prices which, while they show no change in the past month, are extremely 

 low. Oak is still slow and has shown little or no activity. Wholesalers 

 state that oak is not being demanded by the building trades as was antici- 

 pated, and is getting no call save from automotive industries. Very little 

 maple is consumed hereabouts. Occasional movements are noted recently, 

 at prices that are stationary with slight upward shadings now and then, 

 especially in flooring stock. Indications are that the coming month will 

 see added movements in the higher grades of various hardwoods with a 

 slight shortage of dry stocks looming up as a possibility. Price irregu- 

 larities common since the market slumps last fall, are gradually disappear- 

 ing and as movements increase they are being worked upward. 



BALTIMORE 



It is not always easy to see progress made in the hardwood trade, but 

 the best opinion is that the business has been and is going forward, and 

 that positive gains are to be recorded. In the very gradual character of 

 the improvement the hardwood trade resembles not a few other lines, hard- 

 woods having to face an exceptional handicap, perhaps, in that so far 

 the foreign buying has made no important response to the improvement 

 in general conditions, which may be said to have taken place. Such 

 headway as is to be recorded, must be placed to the credit of the aug- 

 mented absorptive capacity of the domestic market almost entirely. Of 

 course, the attitude of the exporters is one of hopefulness. They feel 

 that though the buyers abroad hare been holding back, they can hardly do 

 so much longer, and they confidently look for a spurt in Eoiropean buying 

 which will go far to lift the foreign movement out of the narrow rut in 

 which it has moved for months. The domestic trade furnishes some 

 reasons for hopefulness and even of satisfaction. Information from the 

 furniture manufacturing section in North Carolina, for instance, is to the 



King Mill & Lumber Co. 



PADUCAH, KENTUCKY 

 Manufacturers Southern Hardwoods 



Ash, Elm, Oak, Gum 

 Maple, Cypress, Hickory 



Cypress Shingles 



WE SHIP STRAIGHT OR MIXED CARLOADS 



HARDWOODS and SHINGLES 



BEDNA YOUNG 



Lumber Company 



Jackson, Tennessee 



Manufacturers of == 



Quartered White Oak 

 Quartered Red Oak 



AND 



OTHER HARDWOODS 



When in the market for 



High Grade Lumber 



please let us have your enquiries. 



Foster-Latimer Lumber Co. 



OFFER THE FOLLOWING 



DRY HARDWOODS 



No. 1 & Btr. 10/4" 

 No. 1 & Btr. 12/4' 

 No. 1 & Btr. 16/4- 



No. 2 & BIT. 5/4' 



No. 1 & Btr. 8/4- 



No. 1 & Btr. 10/4' 



No. 1 & Btr. 12/4" 



No. 3 & Btr. 6/1' 



BIRCH 



'. reg. wdtha. & lgthg...]2 mos. dry 



', reg. wdtha. & Igths...l2 mos. dry 



', reg. wdths. & lgtli8...12 mofl. dry 



SOFT ELM 



', reg. wdths. & lgths...l2 mos. dry 



', reg. wdths. & lgth3...12 mos. dry 



', reg. wdths. & lgth3...12 mos. dry 



'. reg. wdths. &lgth3...12 mos. dry 



', re^. wdths. & lgth3...12 mos. dir 



WIRE, PHONE OR WRITE FOR PRICES 

 MAIN OFFICE AND MILLS 



MELLEN, WISCONSIN 



