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HARDWOOD RECORD 



Hardwood Record jVfa// 'Bagc 



[In tills (Irpnrtuu'iit It Is piopoti'cl Id reply 

 to Biich liKiiilrlos lis roncli tills ollico ffom tlie 

 IlAiiiMviMiii Itri'oKi) illi'iitiiKP lis will bi' of ennuRh 

 peniTiiI liuorcst to warrant piihllcallon. KviM-y 

 lialriiii iif tlio paper Is InvlicMl ti> tisc tills tie- 

 parlmi'iit to the fiillost i'\i<'iit. and an attempt 

 will he made to answer ipierleB pertalninR to all 

 matlera of interest in the hardwood trade, In 

 a succinct and Intelligent manner.] 



Bumbarger Lumber Company. 



l'ilIi..VDKi.riMA. I'.i.. Oct, L'.'i — Kdilor II.Hii>- 

 woon Iltioiio : The assets of the Kiimbarger 

 liiimher f'onipan.v should realize close to liook 

 values. In lu.v JudHUienl. with the exception of 

 '■accounts iTceivahle." This Item will be sub- 

 ject to a very itmterlal slirinkagc by reason of a 

 number of lari;e accounts being against firms 

 wlu» are now In the hands of receivers or in 

 bankruptcy and therefore at this time it will be 

 ImjiossUile to ostlinnte witii any degree of ac- 

 curacy the valuation of these accounts. 



The Item of "advances" covers advances made 

 to numerous parties with \vli(*m contracts had 

 been made for the purchase of lumber in Vir- 

 ginia. West Virginia. North Carolina and Ten- 

 nessee, and I am now taking steps to have lum- 

 ber to the value of said advances shipped to me. 

 with the CKceptioii of a few instances where I 

 have deemed it advisable to cancel the contracts, 

 thereliy reducing tlie liabilities to that extent. 



The liabilities, as above stated, may be re- 

 duced when deductions are made for freight and 

 other credits, the correct amounts of which I 

 have not as yet been able to ascertain, but such 

 reduction should amount appro.\iniately to 

 ?7.000. 



Owing to the lumber assets being so widely 

 distributed, it has been necessary to make ap- 

 plication for ancillary receiverships in six dif- 

 ferent states, which applications have been 

 granted, and I have been appointed ancillary re- 

 ceiver, all of the assets thereby coming under 

 my control. 



I am making a most thorough ami exhaustive 

 investigation into the condition of the lousiness 

 of the Uumbaigpr I, umber Ccunpany and to date 

 have materially decreased the operating expenses, 

 reducing them to the lowest possible minimum, 

 the saving thus obtained being equal lo ap- 

 proximately S.'iO.OOO per year. Under the order 

 of the court I am authorized to continue the 

 business temporarily. 



The antilled orders, wiiidi I am proceeding 

 to nil, should net .several thousand dollars profit, 

 which will assist materially in covering the ex- 

 penses incident to the closing up of the business. 

 I shall be glad to consult with all of the 

 creditors as to the safest and most economical 

 method of closing up the estate and for the pur- 

 pose of giving sucli information as can he ob- 

 tained. ISespectfuiiy submitted. 



I'li.Mii.Ks H. TiiosirsiiN. Iteceiver. 



Concerning Money Matters. 

 The following letter from Lewis Dostcr, 

 swri'tarv of the Hardwooil Muniifacturers' 

 Association of tho United States, will lie 

 read with interest, inasmuch as Mr. Doster's 

 work brings bim in close touch with business 

 men throughout the entire country, and en- 

 ables him to speak with authority: 



X.VSIIVIL1.E, Texn., Oct. 31.— Editor IIakd- 

 wooD Uecokd : In my general travels throughout 

 the operating ends of the hardwood production 

 I note there appears to be fear as to the ability 

 of the sawmill men to iie able to continue busi- 

 ness, owing to the stringent rules adopted by 

 the banks and placed in effect by order of the 

 clearing house committees. 



In every city the trust companies have de- 

 manded thirty to ninety days' notice for the 

 witlidrawal of all funds, which does not aHeet 



commercial life much, as llicy arc mostly held 

 by private individuals and In small amounts. 

 Every few years this plan has ijeen put Into 

 effect owing to tlie fear of a rush for the with- 

 drawal of funds, and the laws which protect the 

 trust companies are very effective, as Ijy the 

 time the notices become due for witlidrawal a 

 better feeling exists — confidence in the minds 

 of the people — and they do not then take ad- 

 vantage of their legal right to withdraw funds, 

 but let them remain at the interest-bearing rates 

 wliich obtain. 



However, in the larger cities where cash is 

 needed for payrolls, arrangements have been 

 satisfactorily made whereby the cash is iieing 

 received by operators and the payrolls W'lll be 

 met just the same as before this linanclal flurry. 



It is not always the banks which gi%e assist- 

 ance to operators, but available cash is at all 

 times obtained by those who have large payrolls 

 to be met weekly. Firms which could not ob- 

 tain cash from ijanks for payroll purposes in 

 certain sections have resorted to the payment of 

 their salary lists by checks, which causes more 

 clerical work, but no other inconvenience and no 

 cessation of the regular line of work. This 

 assists operators largely in the promotion of 

 their work throughout the hardwood sections. 

 However, the smaller or weaker men financially, 

 who have been depending upon the banks for 

 loans, whose paper has been coming due during 

 this linancial flurry, have been caught badly and 

 a great many of this class have been forccS to 

 close their plants. I should say that of small 

 producers a large percentage will go out of busi- 

 ness until they can obtain financial help, but 

 tlie larger operators seem to be able to get 

 funds which will allow them to continue to ship 

 lo their regular trade as in the past, and a 

 lontinuation of consumption, wliich demands this 

 <'ondition. will be successfully met. — Ltiwis Dos- 

 ■rEii. 



Blind. Rollers. 



Galvkston, Tex., Oct. 24. — Editor llAiiuwo'^i' 

 UficoKD : We Imve an Inquiry from one of oui 

 correspondents in Europe asking what wood i- 

 used In this country for making blind roller- 

 and broom iiandles. If you can give us tbi- 

 infornialioii you will greatly oblige. — T. B. A. 



The writer has been supplied with infdi 

 ination regarding the manufacture of broom 

 handles, but if someone interested in the man 

 ufacture of blind rollers will eommunieaii 

 with this office, giving reply to above inquiry 

 regarding material from which they are made, 

 and any other points of interest along that 

 line, it will be appreciated. — Kditok. 



Who Makes Dowels. 



The American representative of ;i wpll- 

 kiKuvu lumber concern of Leeds, England, 

 writes the Eecord requesting a list of manu- 

 facturers of dowels. He has been supplied 

 with a few names, and anyone else interested 

 in the inquiry should address this office and 

 will be jilaeed in cominiinicatioii with him. — 

 KotTOR. 



More About Australian Ash. 



The II.\ni)Woui) Eecord has received several 

 inquiries re/^arding an item published some 

 time ago concoriiiug Australian ' ' ash, ' ' and 

 has written to the United States consul at 

 Sydney, asking him to explain the exact kind 

 of wood referred to in his report, from wjiieh 

 the item was taken. He replies as follows: 



Sidney, New South Wales, Sept. 29. — Ed- 

 itor IlARLiwooD RECont> : Yours of July 16, an- 

 swering mine of May 2.'i, with a clipping from 

 your publication, is received. Tlie article is 

 substantially correct ; "mountain ash" is not ash 

 as we understand the word in America. It is 

 a different limber altogether; it is really a 

 species of the eucalyi>tus. and is put down in 

 the books as "eucalyptus obliqua" and is of the 

 stringy bark species. Anotiier mountain ash i^ 

 known as "eucalyptus Siberiana" and it is this 

 latter species that is used for tool handles. 

 There is a third tree which goes by the name 

 of mountain ash — "eucalyptus vergata," which 

 is said to be the best local timber. 



A test has been made of these woods and tie- 

 average weight for nine specimens was .'i.'' 

 pounds to the cubic foot. The modulus of rup- 

 ture in pounds per square inch was 16,000. 

 coefficient of elasticity, 1.900.000. The speci- 

 mens used in this case had been dried and si'u- 

 soned for a period of three years. Mountain 

 ash is not used extensively, not being kept for 

 sale in the principal lumber yards. The forest 

 to which you referred, containing an area of 

 72.500 acres, is mountainous and not at present 

 reached liy railway, and you might say not 

 available. I send you lierowith a short descrip- 

 tion of the principal timbers of New South 

 Wales. — Oelaxuo ll. Bakek. American Consul. 



NeWs Miscellany. 



A Prosperous Indiana Concern. 



The ^lontgomery TTardwnod Lumber Company. 

 Inc., of Crawfordsville, lud., is putting out a 

 very excellent line of hardwoods. It has re- 

 cently been reorganized and E. A. Sterzik. for- 

 merly engaged in the manufacture of furniture 

 at Edinburg. Ind.. is president ; t'harles Ilam- 

 nuuMl. for mori' than twenty-live years with 

 lli'ury Maley of Edinburg. is treasurer, and II. 

 M. Scholler is secretary. The company has large 

 timber holdings in Indiana and makes a spe- 

 cialty of plain and quartered white oak, hickory 

 and walnut. It aims to keep about 1.000,000 

 fi.-el of dry lumber on sticks in its Crawfords- 

 ville yard. 



Foreigners to Establish Walnut Mill. 



one of the largest walnut importing houses 

 in Gerniniiy has closed a deal to establish a 

 large mill and yard in the Millcreek Valley, 

 near Cincinnati. The mill will be located in 

 a portion of the Koss tract, near St. Bernard. 

 .\. Hcidt, A. Euler and Alex. Schmidt, agents 

 of the Hamburg house of Theodor Francke Erben, 



have completed the arrangements. The prop- 

 erty lies between tlie tracks of the Norfolk & 

 Western. Big Four and B. & O. . The lease is 

 for fifteen years, with privilege of purchase 

 I'laus have been made for a mill with a capacity 

 of 13,000 feet. An office building will also be 

 erected. The company has not been able to se- 

 izure a sufficient supply of black walnut through 

 its agents in this country of late, so decided 

 to go into business here on its own account. 

 The Francke Lumber Company will be formed 

 to carry on the operation. Timber tracts will ^ 

 be purchased and the logs shipped to Cincinnati, 



Building Operations for October. 





AH hough htiilding aud couslniction through- 

 nut th** ITnited States has heen excecdinsly t 

 brisk during several years past, and has set a jj 

 very high reeord. this volume is nearly main- f 

 tainod at present, as indicated hy a comparison 

 nf the past month with October. l;_fOG. Official 

 building reports from some fifty leading cities 

 throughout the country received by The Amer- 

 ican Contractor. Chicago, show that building 



