14 HARDWOODRECORD 



faction; fully ninety per cent of tlie total output is reprpscntofl. tlio revolutionary ambitions of the small New York contingent. Also 



The ash people were consiflerably in eWdence at the Indianapolis present were members of the retail building woods' associations of 



meeting, and it is expected that within a short time all branches of New Jersey and Connecticut. Although strongly urged to have 



the handle industry will .ioin in this general association, with minor members present, the hardwood exchanges of Baltimore and Buffalo, 



and entirely independent bodies covering various linos of j)roduction, whicli may always be counted upon for using good sense, failed to 



so that eventually a very strong organization will be perfected. send representatives. 



The association was wise in the selection of its president, T. R. A set of lumber inspection rules very similar to the old ones of 



Clendinen of Atchison, Kan., who is a clean-cut, conservative and the New York Lumber Trade Association, practically abandoned 



forceful man, and an expert in handle production. His work will some years ago, was submitted to the conference. As near as can be 



be of great value to the association. The gentlemen selected as vice- ascertained, nothing was definitely accomplished save that the various 



presidents in each of the several divisions of the industry are all delegates put copies of the rules in their pockets and took them 



strong men in their lines, and will materially contribute to the sue- home to submit to their local associations. 



cess of the organization. It is anticipated that before very long This whole one-man revolutionary movement is selfish and uncalled 



the association will secure enough strength to be able to put experts for from start to finish, and of course will go down to ignominious 



into the field to assist individual manufacturers in producing the defeat, as it should, 

 very highest quality of output, securing greater economy of cost, 



and absolute uniformity of grades. With those results accomplished, Xhc President and Politics. 



it is certain that prices will pretty nearly take care of themselves. The Chicago Daily News observes editorially, ;iiid with truth, that 



since quality must naturally determine value, .just as value ordinarily President Eoosevelt has faults. Anybody can see them who can see 



reflects quality. anything. But his administration has well begun a great work of 



u J J c- • regeneration in business and governmental methods, which must be 



Michigan Hardwood Situation. carried forward steadily and wisely. He has been honestly for the 



The October 1 stock Ust of the Michigan Hardwood .Manufacturers' .^n^erican people and has been so fortunate as to convince them that 



Association has been received. The output of this association com- ,,p j^ aggressively on their side. He has been breaking new ground 



prises the great bulk of the entire hardwood output of the state, and ^^ advance very" old principles of right and justice. The federal 



this report has been gathered with the greatest care, so that it may constitution is a venerable document of the highest worth. But this 



be depended upon as practically accurate. The statement is a ^^^^^^^^ instrument, inherited from the fathers of the republic, is 



comparative one, analyzing stocks on hand, unfilled orders, stock ^^ mummy. It is a living guide for a living nation. Those who 



unsold, by periods running from July 1, 1906, to October 1, 1907. ,^^^^^ ^ ^^^g of it and set it high upon a pedestal are the persons 



The figures of October 1 of this year, and the same date one year ^j^^ ^j,,, ^^ „ake it inadequate for the needs of the American people 



ago, are appended: ^ of the present day. 



■ ■ n 1 n- '^^^ president, with all his faults, is too much of a patriot to join 



Basswood 11,559.000 7 "41 000 ^^^ ranks of these persons. He tries to find in the constitution 



§?*<^J 17,714.000 17,333.000 remedies for present ills. Perhaps he is wrong in some of the con- 

 Birch 17,u;;2.000 17.OS7.000 . ,. , , , . t^ , • ^, -rr ■. :. 



Elm lii.ll.s.ooo 10,01).".. (100 struetions which he places upon it. If he is wrong, the United 



^'^P'*^ _S(W)2!VJ00- 100.047.0 00 gj^^gg supreme court will correct him. Perhaps he talks too much 



Total 145,342,000 151,773,000 and too forcefully. If he does, at least his voice is not raised in 



L-NI.-II.I.KD ORDERS. cxtenuatiou of public evils. 



Oct. 1. 1006. Oct. 1. 1907. „, ^ ' . .c ., »• . ^- 1 * , 



Basswood 7 31^000 6 3S6 000 Eloquent advance agents ot the nation s reactionary elements make 



Beech .'.'.'.';; lo.'gois.'ooo I4,'930.'ooo a grievous mistake if they think that Wall street's recent hand- 



Blroh 8,347.000 7.876.000 , ■ . x t ^i' i ^^ ^u- *• .c *u 



Kim 6,696.000 3,392,000 made panic has turned the people oi this nation away irom the 



^^P'^ -'8,986.000 7 4,991,000 Roosevelt policy of prosecuting intrenched and well-nourished in jus- 

 Total 92,307,000 109,373,000 tice. 



STOCK L'NSOLD. — 



Basswood :^^*4:24'^o:o "'s^.^:'' The Restoration of Confidence. 



^I^^J |'6-3'ooo o'^li'ooo Undeniably the financial skies are clearing. Kven the bankers are 



Elm o',42'S.im> 4.673!o00 recovering their looks of cheerfulness. The commercial world gener- 



Maple 27.943,000 25,0.')6,000 i, • i- ■ i- ti i u ■ i * iu • u-ii 



_1^_!_ ally IS optimistic. People have again commenced to pay their bills. 



'i""'"' 33.033.000 42,198.000 Money is coming out of hiding and going back into business. Things 



The stock situation, as expressed by the foregoing figures, puts ,^^^ lookine up 

 the hardwood output of Michigan in a very strong place, because it Confidence in the business situation has had a bad jar and it is 



shows definitely that there is no surplus of any variety of northern g^ing to take some months to completely restore conditions that pre- 



woods. The report further shows that the total hardwood cut of the ^.^^^^^^ ^^f ^^^ ^^g financial mix-up came about. There is going to 



state for 1906 was 387,041,000 feet. Plans were for an estimated ^^ q^jt^ ^ readjustment of values in certain directions before busi- 



cut in 1907 of 417,162,000 feet when the report was made, but since ,^ggg g^j^ ^^^^ to its normal trend. It cannot be coneedefl by any 



there has been a great reduction in output the last month, with possible analogy that hardwood values have been unduly high, and 



promise of a continuation of this policy for some time, it is doubtful f^g^e is every prospect that they will stay practically where they 



if Michigan will produce much in excess of 300,000,000 feet of hard- ^^^ Stumpage values certainly have not shrunk and this is the 



woods during the co ming year. ^^^^^ of lumber prices. 



Just as certain as this is true it is also sure that there is going 

 New York's Attempted Secession. to be a considerable readjustment of labor values and the cost of 



The attempt ot a small clcnicnt of the casteiu hardwood trade to living. Even within the short time since this flurry prevailed can 

 inspire defection in the ranks of those who are so earnestly seeking this feature be noticed. A month ago it was impossible to secure 

 a universal base of hardwood inspection, is apparently having very labor enough to carry on operations planned in the woods both north 

 little support, even in the home ranks. and south. Today applications for work in woods and mills exceed 



A conference regarding hardwood inspection was held at the Hotel the supply to a marked degree. Labor has suddenly grown plentiful 

 Astor, New Y^ork City, November 14, at which were present the dis- and will needs have to accept a considerably lower wage scale before 

 turbing New York element — representing but a minority of the it can again be fully employed. There probably will be a diminu- 

 trade — a couple of hardwood representatives from Philadelphia, and tion of values in some other items that go to the making of lumber, 

 three Boston delegates who probably can be considered opposed to but the greatest sufferer from the flurry will be the laboring man. 



