38 



HARDWOOD RECORD 



I. (J. niillnnl o( the Ohio Itlver Lumber Com- 

 pany was n visitor from Louisville during the 

 week. 



George I'lenilng has laken unto hlniselt a wife 

 In the person of Miss I'earl Friel of Normal. 

 Ky. lie Is a popular young employee of the 

 Lelcht Sawmill I'ompany In this city. 



A charter has been asked for under the laws 

 of West Virginia for the J. T. Ilanry Bending 

 Company of Central City. Cabell county. It will 

 manufacture, buy and sell felloes, spokes and 

 hubs. pick, sledge, hniumer, hatchet and cant- 

 hook hanilles, neckyokes, whlllletrees, stonecut- 

 ters' mallets, paving pounders, sewer mauls and 

 other articles. The capital stock is IfJ.-i.OOO and 

 the Incorporalcu-s are .1. F. Ilanry. Albert Blhn, 

 Stiles Colburn of Erhart. Ohio : Joseph G. Stra- 

 der, Cleveland, (iliio. and A. A. Demmer. Lorain, 

 Ohio. 



The I'Ischol Lumber. Company, recently In- 

 corporated, with .fld.iJUO capital, by F. J. IMschel 

 and others, will develop 2,000 acres of valuable 

 tlinberland near Morehead. 



The I'rubst Furniture Company of Hunting- 

 ton has applied lor a charter to buy and sell 

 ail kinds of lurnlture. The capital stock Is 

 placed at $7.'i,i;iiii. The Incorporators are Mary 

 A. Klmms, I'aul Scott of Huntington, Lewis W. 

 Probst, George L. I'robst and Charles W. Mc- 

 Knlght of I'omeroy, Ohio. 



The petition of the Eastern Kentucky Coal 

 Lands Corporalion and others for a trial of their 

 cause was upheld by Judge Kirk In the courts 

 at rikevlllc, Ky.. after listening to arguments 

 for and against the same. This Is the famous 

 cjise against the Northern Coal and Coke Com- 

 pany and other corporations, embracing thou- 

 sands of dollars In valuable coal and timber 

 lands. 



Hardwood Market. 



(By HABDWOOD RECORD Exclusive Uaxket Reporters.l 



Chicago. 



The average iiianulai turcr or wholesaler of 

 hardwooiU In Chicago reports that the aggregate 

 of his b.isiness up to October 1 has been as 

 lar^e or larger than It was in lOOO. For the 

 last few wei'ks trade has been very dragging. 

 The large operators who consume such immense 

 quantities of lumber in this market have ceased 

 placing any considerable bulk of orders, and 

 business with the smaller consuming trade has 

 to be force.l to effect sales. The disturbed sit- 

 uation in the money market is probably ac- 

 countable for the dragging condition of the hard- 

 wood trade. There is nothing serious in the 

 situation and everyone has a Arm belief that 

 a general resumption in demand will ensue very 

 shortly and that the year will ilose in good 

 shape. 



Boston, 



Although the hardwood trade is not as active 

 as at times, there is no question but that it is 

 in better shape than other branches of the lum- 

 ber industry. Leading dealers state the demand 

 is as large as can be expected with general con- 

 ditions as they are. Buying and selling is more 

 or less handicapped by the money situation. 

 Sew building has been greatly restricted for 

 several months in this section. As a result 

 manufacturers of interior finish are not nearly 

 as busy as usual at this time of the year. A 

 very fair business is being done in veneers and 

 several very good orders from the West have 

 been secured by eastern houses. Manufacturers 

 of furniture have little to complain of. The 

 majority have good orders on hand and are 

 daily cutting up large quantities of lumber. 

 Demand for export is not of large volume in 

 this market, although a few orders are offered. 

 Car shortage still looms up as a disquieting fea- 

 ture. In a few cases buyers have placed fair 

 orders in anticipation of their wants so as not 

 to be too badly handicapped should a serious 

 shortage develop. 



A good demand for inch walnut is reported, 

 but prices are stiff. One of the leading dealers 

 says he finds it difficult to buy in primary mar- 

 kets at prices that will allow him reselling the 

 stock at a profit. In several instances the mills 

 want higher prices than sellers can get for the 

 stock. Plain oak is in good offering and prices 

 are not as firm as for some other classes of 

 hardwoods. (Quartered oak is still firmly held. 

 Demand is moderate. Birch moves In small lots 

 for the most part. With maple a fair call can 

 be reported. Cypress and whitewood continue 

 firm, but free buying is not in order. 



ket is firm and stuck seems to be moving freely, 

 notwithstanding the tact that consumption is 

 reported as slightly less in certain channels. 

 The car shortage, together with the short sup- 

 ply of the better grades of hardwoods, is, of 

 course, i^roviding a special volume of business by 

 reason of buyers not wanting to be caught short 

 of stock for their midfall and winter wants. 

 Local holders of any amount of good hardwood 

 lumber are well satisfied lliat it is a good asset, 

 and there is less tendency than normally to 

 either crowd the market or force sales. Plain 

 and quartered oak. ash and chestnut are in very 

 fair demand, at satisfactory prices, and especially 

 in the manufacturing trade. Poplar is in spe- 

 cially good shape so far as values are con- 

 cerned. The whole list is ruling strong and 

 prices show very little inclination to vary ex- 

 cept for the better. 



The foreign mahogany and cedar trades show 

 unusually small receipts of mahogany during 

 the past month, and in consequence stocks are 

 far below the average. In some grades there is 

 no stock at all in first bauds, and fresh arrivals 

 of good wood will be well received, and ship- 

 ments are strongly recommended. In cedar 

 stocks have been somewhat reduced owing to 

 the small receipts last month as compared with 

 previous months of this year, but there is little 

 activity in the market and shippers are advised 

 to confine their output only to large logs of the 

 better grades. I'rices are holding firm Sn the 

 new level after a slight readjustment due to 

 heavy receipts of sixty days ago. and are now 

 ruling from 6 to 12 cents on mahogany, accord- 

 ing to grade, with an average of about 9 to 10 

 cents. Cedar is ruling from 7 to 12 cents, with 

 an average of about 10 cents. 



New York. 

 Conditions in the local hardwood trade con- 

 tinue much the same as last reported. The mar 



Philadelphia, 



The hardwood situation at this time is a 

 little irregular and trading comparatively quiet. 

 The woodworking industries are all active and. 

 though not rushed, are buying steadily : conse- 

 quently the yardmen are getting a fair volume 

 of business. However, there is still the idea 

 among retailers that values are sure to come 

 down. Consequently, with the exception of a 

 few here and there who apprehend serious 

 trouble with the car service and are therefore 

 ordering ahead, they are buying from hand to 

 mouth, so to speak, and the man on the spot 

 picks up these orders. 



It is evident that stocks are not heavy at 

 mill centers, and that the railroads, as feared, 

 are unable to furnish sufficient cars for trans- 

 portation : therefore values on the whole have 

 held fairly steady. Though the volume of busi- 

 ness for time of year Is somewhat below that 

 of 1006, the conservative element in business 

 do not appear to be at all alarmed at condi- 



tlons, but seem rather to appreciate the fact 

 that things have been going along with an un- 

 luitural rush and are inclined to welcome a 

 steady and more rational trading as safer In 

 the long run. Building operations are being 

 I)ushed to completion, and, weather permitting, 

 will continue Into the early winter. Collec- 

 tions are inclined to be slow. Among the hard- 

 woods poplar holds the lead, with ash a good 

 second, chestnut and basswood are easing up 

 a little; maple, birch and cherry keep steady, 

 but oak has not as yet reached a firm position. 

 Cypress is In good demand. The veneer market 

 is active and values are well maintained. 



Baltimore. 



There are few developments of consequence 

 In the hardwood trade here. The situation Is 

 quiet, and the demand hardly equals the In- 

 quiry during the earlier part of the year. 

 Stocks are being taken up rapidly enough to 

 prevent congestion, but the competition formerly 

 noticed seems to have subsided, and dealers 

 find it necessary to go after orders. There is 

 no tendency to make concessions in prices evi- 

 dent, however, and values, especially on the bet- 

 ter grades of hardwood, are firm. 



tjuiet prevails with respect to exports. The 

 large stocks on the other aide of the Atlantic 

 are calculated to prevent anything like an ex- 

 ceptionally brisk movement for the present, and 

 they tend to make the foreign buyers insist on 

 concessions, which the shippers here arc not 

 disposed to make because of the high prices 

 they must pay for stocks. This results in a 

 somewhat halting situation and imposes a check 

 upon the forwardings, not a few orders being 

 held back in the expectation that one side or 

 the other will give in. 



Pittsburg. . 



The hardwood situation is if anything a little 

 firmer in all ways than a month ago. Demand 

 has strengthened along some lines, notably oak 

 and maple, which showed some weakness last 

 month. Bill stuff in the former is .selling with 

 more ease and flooring in the latter is com- 

 manding a larger share of the buyers* attention. 

 There is also a better call for chestnut and 

 cherry, the latter going in considerable quan- 

 tities of late to the furniture manufacturers. 

 From reports received from the largest hard- 

 wood wholesalers it is evident that manufactur- 

 ers are getting low on dry stock, but they are 

 trying to ascertain the trend of retail trade 

 for I'Ma and are accordingly ordering just about 

 what they need for immediate uses, as that is 

 understood in the manufacturing trade. Kail- 

 roads and industrial concerns are slacking up 

 somewhat in their orders. Whether this is due 

 to a desire to get the year's business wound up 

 satisfactorily without entailing other expense or 

 to a decision to await the result of certain po- 

 litical developments is bard to tell. 



The financial end of the lumber situation Is 

 not what it should be to make business. Money 

 is tight. All along the line collections are 

 reported bad. There are some signs of a 

 relaxation in this respect, but the general sum- 

 mary of experience shows that cash is wanted 

 and wanted pretty badly in Pittsburg lumber 

 circles. No panicky conditions exist, but owing 

 to the difliculty in getting accommodations from 

 the banks it is hard to transact the usual vol- 

 ume of business. 



Buffalo. 



The lumber trade is reported quiet, and yet 

 the Erie railroad has just sent notices to lum- 

 bermen and probably other shippers that It can- 

 not take any cars for delivery to other roads. 

 With the selling of lumber growing harder all 

 the time and a growing car shortage in the 

 South and West it does look as it the busi- 

 ness was going to need help from somebody 

 before long. 



A queer state of affairs exists. It is said 

 that the cut of a great many mills is going to 



