ftaMwoi RocoM . 



Published In the Interest of Hardwood Lumber. American Hardwood Forests. Wood Veneer Industry. Hardwood Flooring. NEW Y 



Hardwood Interior Finish, Wood Chemicals. Saw Mill and Woodworking Machinery. 



Vol. XXV. 



CHICAGO. DECEMBER 25. 1907. 



No. 5. 



Published on iHe lOlh and 25th of each monlh by 



THE HARDWOOD COMPANY 



HENRY H. GIBSON, Ediior. EDGAR H. DEFEBAUGll, MaDiger. 



7lh Floor, Ellsworth Bidg., 355 Dearborn St.. Chicago, III.. U.S.A. 



Telephone Harrison 4960 



REPRESENTATrVES 



New York 

 Pkiladelphia 

 Piltsburs 

 CleveUad . 

 Memphis 

 Nerlhera Terrilopy 



B. F. Lippold. 405 St. James Building 



Jacob Holrzman. 916 Rothschild Building 



H. A. Lane. 906 Wabaih Buildinfl 



F. M.Clultcr. Baldwin Hotel 



H. L. Wells. 310 Tennessee Trust BuildinB 



F. H. Luce, 355 Dearbora St., Chicago 



TERMS OF ANNUAL SUBSCRIPTION 



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Subscriptions are payable in advance, and in default ol written orders tc the 

 contrary are continued at our option. 



Entered at Chicago Postoffice as Second Class Matter. 



Advertising copy mvist be received five da^ys Irv a..dveLr\ce of 

 publication d&te. Advertlslr^g rates on applJcatlor\. 



Coming Association Meetings. 



WISCONSIN HAEDWOOD MANUFACTURERS, 

 Ths Hardwood Lumber Manufacturers of Wisconsin wiU 

 hold their annual meeting at Eau Claire, Jan. 15, 1908. 



INDIANA HARDWOOD LUMBERMEN'S ASSOCIATION. 

 The annual convention of the Indiana Hardwood Lumber- 

 men's Association will be held at the Grand Hotel, Indian- 

 apolis, Jan. 16, 1908, 



HARDWOOD MANUFACTURERS' ASSOCIATION. 



The sixth annual meeting of the Hardwood Manufacturers' 

 Association of the United States will be held at the Gait 

 House, Louisville, Ky., on Tuesday and Wednesday, January 

 28 and 29. 



General Market Conditions. 



Thp last tortniglit luis Ijc-eii the lUillost m hardwood sales tlio 

 country over, that lias been exijerienced in a good many years. 

 This condition has resulted from various causes, particularly close 

 finances and a determination on the part of buyers to make no 

 new obligations for the year, due to their uncertainty as to how 

 business would start ofif in 1908. In spite of this situation leaders 

 in the hardwood industry look upon it with a good deal of optimism. 

 Every indication points to a renaissance of fair trade for the first 

 of the year, which it is fully expected will develop into a normal 

 tide of business by early spring. 



A large factor in the buying trade is the furniture industry, 

 notably in the Middle West, and as the annual furniture sales 

 expositions will upen early in January lumber buying from these 



concerns will depend very largely ou the business booked at these 

 shows. Indications are favorable to a considerable volume of 

 purchases taking place shortly after .January 1 in that a good 

 raanj' woodworking institutions which closed down in November 

 and early in December, have resumed operations with evident 

 business in sight to keep them going. 



A most excellent analysis of the present and prospective situation 

 can be obtained from a perusal of numerous letters received from 

 :ill over the country, appearing in this issue of the Record, under 

 llio title, "Analysis of Hardwood Conditions by Leading Minds in 

 the Trade." 



A Warning. 



The considerable amount of space given up in this issue of the 

 Kecokd to the publication of letters from a great number of leaders 

 iu the hardwood industry of the United States, needs no excuse. 

 These letters are marked by frankness, honesty and intelligence. 

 For the greater part they are very optimistic and may possibly 

 lead some operators to believe that business, and notably hardwood 

 I)rospects, are much more roseate than they really are. The country 

 has had a serious spell of financial illness and, like sickness of every 

 sort, it should not be expected that the patient will recover to full 

 strength immediately. The wisdom and good judgment that has 

 been displayed bj- hardwood manufacturers for the last two months 

 should be continued for the present. Continued restriction of 

 output should prevail until there is a certainty that the demand 

 for hardwoods will consume the output. Optimism is all right and 

 it is the belief of the II.VRDWOOD Kecord that business conditions 

 will soon become normal, but safety lies in curtailing the output 

 for some time to come. 



Annual Veneer and Panel Association. 



The second annual meeting of the National Veneer and Panel 

 Manufacturers' Association held in Chicago last week, was 

 marked by the largest attendance ever called out by one of these 

 interesting gatherings. Kntire harmony prevailed and much 

 enthusiasm was manifested. Ou the whole the veneer makers 

 seem to be in pretty fair shape. While they have not many 

 advance orders, they have generally succeeded in keeping the 

 |ilants in operation well toward full time, and there are good 

 prospects of enough business to insure a continuance of operations. 

 In some isolated cases it was found that prices had been cut to a 

 slight degree but ou the whole values have been very well 

 maintained. 



The association was wise in its choice of Burdis Anderson of 

 Munising. Mich., as its new president, and he unquestionably 

 will fulfill the duties of his oflicc in an exceptional manner. Uis 

 predecessor has been a tremendous worker for the interests of the 

 association, but Mr, .\ndcr3on is also a hustler, and fully realizes 

 the work ahead of him in carrying on the good work inaugurated 

 by ex President D. E. Kline. While Mr. Anderson is a 

 comparatively new man in the veneer business, ho was a pioneer 

 in this organization, and has already devoted a good deal of time, 

 thought and money to forwarding its best interests. His selection 

 of committees is most admirable, as he has chosen them from all 



