July 10. 1922 



HARDWOOD RECORD 



57 



(luring May, iiccDnlinf; m the .Sduthiru Hanlwoiul Traflic Association, 

 partly because the trade are entering th<' puiniuer season and partly be- 

 cause buyers held up deliveries peuding the effectiveness of reduced rates. 

 At the same time the volume of business during June was quite satisfac- 

 tory to the trade and indications are that there will be as liberal a move- 

 ment during July as the broken condition of stocks will allow. 



Building trade interests and automobile manufacturers continue the 

 best buyers, with furniture interests in third place. Flooring makers are 

 running their plants at capacity and are absorbing large quantities of 

 plain oak in Nos. 1, 2 and 3 common. They held up buying tor a while 

 in the hope of forcing prices in their favor, but they have about aban- 

 doned hope on this score and are making a strenuous effort to secure the 

 stock necessary to their full operation. There is no let-up in buying on 

 the part of the automobile industry, while furniture manufacturers are 

 increasing their purchases somewhat. The most striking development, 

 from a demand stijndpoint, however, is the substantial increase in orders 

 from Europe, with particular reference to the United Kingdom and the 

 Mediterranean countries. 



Prices are Hrm, with a slight upward tendency. Sellers appear to he 

 in pretty complete control. Buyers are confronted with broken offerings 

 in No. 1 common and better and are clearly on the defensive. With im- 

 proved weather conditions, logging and manufacturing are steadily increas- 

 ing, but stocks are beginning to reflect the tremendous production loss inci- 

 dent to flood conditions and the heavy rains which have fallen since the 

 flood waters disappeared. It is anticipated that, even with substantial 

 exjiansion in production, there will be scarcity of No. 1 common and better 

 until some time this fall when the stock now being placed on sticks is 

 ready for shipment. 



NASHVILLE 



The lumber trade is active in the Nashville market. Increased volume 

 of business is expected in July on account of the reduction in freight 

 rates that has become effective. The hardwoods are in good demand, in- 

 cluding oak. poplar and chestnut, with prices firm. Interior trim material 

 has been active on account of increased building, and furniture manufae 

 turers are larger buyers. The hardwood flooring plants have been increas- 

 ing sales, and are running better time. The outlook is regarded as good f<u' 

 continued improvement in trade. 



LOUISVILLE 



The outlook in Louisville is more promising, according to reports from 

 Tarious sources. The furniture manufacturers are making more inquiries 

 and sending in a few orders with Indications that buying will increase 

 within the next week or ten days. A stronger demand for WTiite oak No. 

 1 common and better, together with the smaller stocks on hand, have made 

 better prices. Mills of the South are opening up, some of them running 

 night shifts, and Increasing their output, but increased demand this sum- 

 mer will take all they can make and at the beginning of fall will leave 

 stocks still low and prices steady, according to most operators. Building 

 demand, for both hardwood flooring and interior trim, is very strong and 

 jobbers and planers are buying well. The railroad shop demand, which 

 has been getting better, has been shut off by the shopmen's strike. Veneer 

 manufacturers are finding a better demand, they report, and with business 

 looking up a rise in prices is looked for. The box trade is also improving. 



MILWAUKEE 



An increasing industrial demand features the trade in the local hard- 

 wood market. Shops are coming into the market for larger and more 

 frequent purchases of lower grade woods. High-grade stocks are low 

 and much concern is felt at the latest developments of the railroad shop- 

 men's strike. If the strike spreads, as all present indications point, a cor- 

 responding paralyzing effect will be experienced in the hardwood market. 

 Many buyers are holding off. waiting for developments. 



Demand and inquiry continues fair in practically all lines. The higher 

 grades are maintaining their average due to the fact that as the crest 

 of the building boom is surmounted, hardwood flooring, and finish woods 

 are required for houses that are partially constructed. Sash and door 

 industries are a steady drain for stocks. Wagon manufacturers and mu- 

 sical instrument makers are not In the market. A large amount of elm. 

 ash and maple woods are going to automobile body manufacturers in the 

 Ticinity of Milwaukee. 



TORONTO 



Lumber trade conditions continue to reflect activity in housebuilding 

 and a fair amount of improvement among manufacturing concerns, with 

 the exception of the furniture industry, which is still very quiet. The 

 American automobile trade is taking a fair amount of Canadian hardwoods 

 and the market for Canadian lumber in the United Kingdom is showing 

 considerable improvement over that of last year. The Quebec firms have 

 sent sizeable shipments overseas. The country trade in Ontario is (airly 

 good and the Prairie markets are showing some improvement. Providing 

 the crops turn out well — and the present outlook is of the best — there 

 will be attractive business in the autumn. The British Columbia lumber 

 interests look for more active buying in Ontario during the next week 

 or two. 



300,000 



FEET 



LOG RUN 



QUARTERED SYCAMORE 



This quartered Sycamore is band sawed, 

 edged and trimmed. It shews 35% or more 

 long lengths and good widths. We can 

 start shipments at once and load out good, 

 dry stock. The lumber has been sawed 

 from the log, not resawed, and as we manu- 

 facture it in exactly the same way that we 

 manufacture quartered Oak, practically 

 every piece shows figure. 



Write or Wire for Prices 



NORTH VERNON LUMBER MILLS 



NORTH VERNON 



INDIANA 



Plain and Qtd. Red and White 



Even KJ /\ JV Soft 



Color AND OTHER Texture 



Hardwoods 



Soft Yellow Poplar 



MADE (MR) right 



OAK FLOORING 



PROMPT SHIPMENTS 

 The 



Mowbray & Robinson Co. 



(INCORPORATED) 



CINCINNATI, OHIO 



