42 



Hardwood Record — Veneer & Panel Section 



.October 10, 1922 



Marked Improvement in Veneer and Panel Market 



Current reports of Chicago veneer and panel manufacturers 

 and jobbers more clearly indicate an improvement than for sev- 

 eral months past. It is apparent that the slowly developing revival 

 of prosperous conditions, retarded and thrown back by the shop- 

 men's and miners* strikes, has leaped forward with a new^ vigor 

 and is at last beginning to show^- real speed. The buyers appear 

 to have recovered from the depressive influence of the strikes 

 and to have resumed buying with confidence in the future. Prices 

 are stiffening all along the line and the prediction is for a rising 

 tendency during the next two or three months. Such major con- 

 suming industries as furniture, piano and interior trim are showing 

 a marked increase in activities and many in these lines report 

 capacity business booked up to ninety days. The improvement 

 in activities and the consequent demands for veneers is especially 

 marked in the piano industry. 



Due to the inclusion in the Fordney-McC umber bill of a tariff 

 on mahogany logs the price of mahogany lumber has already 

 increased some $ 1 a thousand all around, it is reported, and 

 advances in veneer prices are expected to follow. 



Chas. A. Snapp of the C. L. Willey Company declared that 

 "business is fine" and that during September his company enjoyed 

 a substantial increase over August business, w^hile this improve- 

 ment has carried over into October with gathering momentum. 

 He anticipates a splendid business through the fall and into the 

 winter. His observation is that buyers' confidence has been en- 

 tirely recovered. The activities of the furniture, piano and interior 

 trim industries have increased their veneer purchases very sub- 

 stantially. Prices on flitches and logs have stiffened and the 

 market has entered a condition of rising prices, w^hich is likely 

 to continue for several months. "Veneers are cheaper than they 

 w^ill be thirty days from now," said Mr. Snapp. He reported an 



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increasing demand for mahogany, his company's mahogany busi- 

 ness having advanced in the past three months from about 20 

 per cent of the whole to some 30 per cent. Walnut is still well 

 in the lead of demand, however. 



John R. Dean of the Dean-Spicker Company reported that the 

 September business of his company was the best in many months. 

 It is his opinion that the consumers have only small stocks of 

 veneers and panels and in general have reached a point where 

 they must buy again in substantial quantities. Orders from 

 the piano and furniture industries have show^n a heavy increase. 

 Collections are good and thanks to the tranquilization of the rail- 

 road and coal mining industries consumers* confidence has been 

 restored. 



R. C. Clark of the R. C. Clark Veneer Company said that busi- 

 ness is fair but increasing, one strong evidence of w^hich is the 

 slowing up of movement of veneers from the mills, due to the 

 excess of orders at production sources. Prices are firming in all 

 lines of veneers and the same tendency, though not so pronounced, 

 is noticeable in panels. Bedroom and dining room factories are 

 moving considerable stock and prices on these commodities are 

 advancing. Business in general is in a healthier condition; con- 

 sumers are confident and placing orders for veneers and panels 

 to cover future needs. Mills are running to capacity and some 

 operating night shifts to balance their production. 



C. E. Curtis of the Veneer, Lumber & Plywood Company, stated 

 that there is a good movement of veneers, especially mahogany, 

 walnut and quartered oak. He finds the increased demand for 

 quartered oak veneer particularly marked, the demand having 

 reached a more substantial volume than during any other period 

 of the past year. This increase is largely creditable to the con- 

 siderable improvement in the activities of piano manufacturers. 

 Store fixture and interior trim manufacturers are also buying a 

 great deal more quartered oak than recently. Local demand 

 generally has evidenced marked improvement since August and 

 the early part of September. There is more life in the market 

 and less quibbling about price, w^hile the prevailing question is 

 "When can you give us stock?" Prices have been firming for 

 the last thirty days, he said. Because of the increased activity of 

 consumers and their present small stocks of veneers he expects 

 a heavy October and November business. 



Julius Spicker, Sr., of the Ingalls-Spicker-Ransom Company, 

 makes a conservative report in which he says that "business is 

 just fair." However, there is an improvement in demand for 

 mahogany and quartered oak veneers. But the market in general 

 is quiet with no snap to it. But considering that such important 

 consuming industries as the furniture industry are busy, he be- 

 lieves that a substantial improvement in demand will set in before 

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prRNITURE manufacturers and factory buyerR who insist on 

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 are speciiilists in Northern A'eneers. We also majiufacture 

 Northern Pine, Spruce, Hemlock, Cedar PostH and Poles, I^Ath 

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GET OUR PRICES 



The Northwestern Cooperage & Lumber Company 



CHICAGO OFFICES: 

 812 Monadnock Block 



Gladstone, Michigan 



