ftaMwoi RociJM 



Published In the Interest of Ha^rdwood Lumber, Americ&n HsLrdwood Forests, Wood Verveer Industry, Ha.rd^vood Flooring, 

 Hojrd-vrood Interior Finish, Wood CKemlcaLls, Sa^ur Mill a^nd Woodvirorklnc MaLcKlnezy. 



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NEW 



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Vol. XXXI. 



CHICAGO, APRIL 10, 1911, 



No. 12. 



Published on the lOlh and 25lh of each month by 



THE HARDWOOD COMPANY 



HENRY H. GIBSON, President LOUIS L. JACQUES, Sec'y and Treas. 



Sixth Floor, Ellsworth Bldg., 537 So. Dearborn St., Chicago, 111. 



Telephones Harrison 8086-8087-8088 



REPRESENTATIVES 



Advertising Manager - R. T. Maston, 537 So. Dearborn St.. Ciiicago 



Eastern Territory, Ralpli Peverley, Rm. 500. 110 W. 34th St., New Yorlt 



Philadelpliia ------- Jacob Holtzman, 5254 Larciiwood Ave. 



Southern Territory - E. W. Meeker, 537 So. Dearborn St., Chicago 

 Northern Territory - John S. Wyne, 537 So. Dearborn St., Chicago 



TERMS OF ANNUAL SUBSCRIPTION 



In the United Slates, Canada, Philippine Islands and Mexico r $2.00 

 In all other countries in Universal Postal Union .... 3.00 



Subscriptions are payable in advance, and in default of written orders to 

 the contrary are continued at our option. 



Entered as second-class matter May 26, 1902, at the Postoffice at Chi- 

 cago, III., under act of March 3, 1879. 



Advertising copy must be received five days in advance of 

 publication date. Advertising rates on application. 



Coming Association Meetings 



MICHIGAN HARDWOOD MANUFACTURERS' 

 ASSOCIATION 



The spring meeting of this association will be held at 

 the Pontchartrain Hotel, Detroit, Mich., on Wednesday, 

 April 19, 1911. 

 C. A. BIGELOW, J. C. KNOX, 



President. Secretary. 



NATIONAL HARDWOOD LUMBER ASSOCIATION 

 The fourteenth annual meeting of this association will 

 be held at the Gayoso Hotel, Memphis, Tenn., on Thurs- 

 day and Friday, May 11 and 12. 

 F. A. DIGGINS, FRANK F. FISH, 



President. Secretary. 



NATIONAL LUMBER MANUFACTURERS' ASSOCIATION 

 The ninth annual meeting of this association will be 

 held at Chicago on Wednesday and Thursday, May 24 

 and 25. 

 EDWARD HINES, LEONARD BRONSON, 



President. Manager. 



General Market Conditions 



Tliere are some people in both the manufacturing and jobbing 

 trade right now who are complaining that business is slack and 

 trade is far from satisfactory. On the other hand, many of the 

 energetic, live wire and enterprising people in the trade announce 

 that their business is in an entirely satisfactory condition, both 

 in volume of sales and prices. The latter say it means more 

 work and "steam" perhaps at the present time to carry on their 

 business successfully than at any previous period, but that forceful 

 work IS accomplishing good and satisfactory results. On the whole, 

 the hardwood business may be regarded as moving fairly well. 



Inquiries reaching Hardwood Record indicate that more items 

 are constantly getting into short supply. There is a good deal of 

 movement of lumber in unusual channels. Eastern buyers are 

 in the West at present seeking to supplement their paucity of 

 stocks for birch and maple which have usually been obtained in 

 New England and the Adirondack regions. There seems to be ai5 

 increased call in the East for basswood, which has been dragging 

 for a good while. 



The good end of plain oak is manifestly short and there is an 

 increased demand for it with prices ranging firm. Sales are not 

 coming in in as large blocks as formerly, but there certainly is a 

 fair aggregate volume of business made up of a multitude of small 

 orders. 



In the southern manufacturing territory there is a manifest over- 

 production of quartered oak at present. With the prevailing liigh 

 prices for logs, it is as a general rule impossible for the manu- 

 facturer who depends on the open market for his supply, to turn 

 his logs into plain stock. For this reason, lafge quantities of 

 quarter-sawed oak have been placed on the market with a conse- 

 quent decrease in values. 



The weak spots in the business seem to lie quite largely in the 

 veneer and panel trade. Hence prices in this line of production 

 are very low and values are not enough to show any profit to 

 manufacturers. Undeniably there is more capacity for the pro- 

 duction of veneer and panel stock than there is consuming demand, 

 and the unfortunate part of the situation is that quite a number 

 of veneer producers are attempting to force trade by cutting prices. 



The hardwood flooring situation in both oak and maple is only 

 fair. In this line of production there also seems to be a consid- 

 erable current production be3'ond requirements. It is anticipated 

 that building operations in sight today will perhaps exhaust this 

 surplus before summer, but undeniably manufacturers are pi.'ing 

 up considerable stock in their warehouses that they will have to 

 hold for some months before it can be marketed. 



Beyond question the hardwood situation is in better shape than 

 the general line of building woods, and even a normal trade will 

 put almost every item of dry stock out of the market within the 

 next few months. There is no possibility of manufacturers being 

 able to produce enough hardwoods between now and fall to con- 

 stitute an overstock, and prices consequently must needs remain 

 firm. Even a good many varieties of low-grade lumber are moving 

 fairly well. 



The Eastern Forest Reserves 



The Forest Service is arranging to definitely take up and 

 analyze such properties as can be secured in the White Mountain 



