HARDWOOD RECORD 



45 



Interosis niitnrally prefer n rwlnctlon on shlp- 

 meDtn into Mt'iiiiilils aiu\ t!ie siiino oiirroiit rate 

 out of this city. Manufarturoi-s on tlio other liuod. 

 who cot the benellt of a reduced rate on logs, 

 would prefer a continuance of the same rate Into 

 Memphis on hinil>er shipments and a declde<l re- 

 duction In the rate from Memphis to citnsumin^ 

 renters. 



A withdrawal n{ reconsljmment privileges 

 would he serious. Some of the bifx firms which 

 have liecn opcratin;; yards here have already de- 

 clared their intention of dlsconlinuhiK If the 

 order of the railntads is not rescinded. It Is 

 pointed out that sliipments of luraher by whole- 

 sale Interests will have to be made from the 

 point where the lumber Is purchased instead of 

 belBK hrouRht to Memphis and yarded here until 

 dry enouRh for distribution. 



The discontinuance of recunsi^nment privileges 

 would also have a serious effect upon small mill 

 operators in the Memphis territory. Those usually 

 have a limited amount of capital and must tind 

 a ready outlet for their lumber from tlie saw. 

 Their output has Ijeen taken heretofore by whole- 

 salers In Memphis, and if the latter are forced to 

 discontinue their yards it will deprive these In- 

 terests of the purchasing power they have 

 enjoyed. 



Negotiations which have been In progress for 

 some time loolting to the taking over of the 

 assets and liabilities of the Memphis Savings 

 Bank by the Vnion & Planters' Bank & Trust 

 Company have not yet been completed and the 

 affairs of the former institution are being wound 

 up under the receivership instituted some time 

 ago. The receiver, E. B. McHenry, states that 

 he Is meeting with unexpected success in realiz- 

 ing on the collateral held by that institution 

 and that in a short time he will be able to de- 

 clare a dividend for the benefit of depositors. 



Improved linnncial conditions have resulted in 

 considcriible increase in output of hardwood lum- 

 ber In tills territory. Some of the more promi- 

 nent firms here owning mills in the interior have 

 begun operating these since the holidays and 

 others will be placed in operation at an early 

 date. There has been some improvement in the 

 demand for hardwood lumber and this has stimu- 

 lated production to a slight extent. 



•Some of the more prominent lumbermen of this 

 city have made trips into the consuming centers 

 recently and all of them bring back almost 

 identically the same report. One of the best 

 salesmen in this market came home Friday and 

 on being asked how he found conditions, replied : 

 "I could have sold between thirty and forty cars 

 of lumber on this trip if I had been willing to 

 cut the price to meet the views of the prospective 

 buyers. The price offered would not have given 

 my firm any profit and I do not know where I 

 could replace the lumber at the price I was 

 offereii for it. I would thei-efore have been wlth- 

 "'it the lumber and without the profit I had 



iinted upon, and tlierefore naturally refused to 

 '11." Other sellers have encountered similar 

 experlenr-es, and it Is tlie consensus of opinion 

 among irotli manufacturers and wholesalers that 

 the present policy of buying from hand to mouth 

 on the part of consumers Is the result of an 

 effort on their part to break the market and be 

 able to buy cheaper. 



Information given out here is to the effect that 

 Ihe big hardwood mill and bending plant of the 

 I.amb-l-'lsh Lumber Company at Charleston, 

 .Miss., will be completed wilhln the next few- 

 weeks and placed In operation. It will be when 

 completed one of the largest hardwood mnnu- 

 facluring plants In the country. The I.amb-Klsh 

 Lumber Company owns enormous quantities of 

 hardwood limljer In Ihe territory contiguous to 

 the mill and will proceed with the development 

 of these holdings as soon as the plant is 

 completed. 



lieorge c. Khemann of liennett & WIttc has 

 been ele<-led president of the Lumbermen's Club 

 of Memphis for Ihe ensuing year. lie defeated 

 his opponent. W. B. Morgan, secretary-treasurer 

 of the Anderson Tiilly Company, by a single 



vote, making this the closest race In the history 

 of the organization. Other officers eleited are: 

 KIrst vice president, \V. II. Creble, Three Stales 

 Lumber Company: second vice president. C. M. 

 Kellogg, Barksdale-Kellogg LumlM-r Company: 

 secretary-treasurer, John W. .McClure. Ilellgrade 

 Lumber Company : directors, S. C. Major, S. C. 

 Major Lumber Company: C. U. Kansom, liayoso 

 Lumber Company, ami James Thompson, James 

 Thompson & Co. 



Kollowing the announcement of the results of 

 the election, rresident-elect Ehemann was called 

 upon for a talk and responded in happy vein, lie 

 thanked the Lumbermen's Club for the honor 

 conferred upon hltu and expressed regret that 

 both he and .Mr. Morgan, his opponent, coulil not 

 have been chosen. Other successful candidates 

 were also called upon and responded briefly. 



I'resident Burgess in his annual address re- 

 ferred to the pleasure he had experienced in pre- 

 siding over the club for the past year and 

 emphasized the rapid growth of the organization 

 frrmi a membership of !>7 to 129 under his ad- 

 ministration, including three honorary members, 

 lie dwelt at length upon the more important ac- 

 complishments of the club during the year. He 

 staled that he thought it was not difficult to 

 foresee a rather bad year for hardwood interests 

 and cautioned members of the club particularly 

 against cutting their stumpage and putting it on 

 the market at a time when prices are from ID 

 to 20 per cent below what they were a few 

 months ago. He believed there would be a re- 

 turn to normal business conditions by November 

 and expressed the view that prices would show 

 the highest level on record at that time. He was 

 not in sympathy with much of the anti-railroad 

 legislation and believed the club had pursued a 

 most commendable policy in attempting to har- 

 monize rather than antagonize the carriers. He 

 further declared it to be his opinion that the 

 attitude of the South toward the railroads was 

 not altogether desirable, inasmuch as any legisla- 

 tion that makes it impossible for the railroads 

 to build new mileage, buy new erjuipment, extend 

 their terminal facilities and pay a dividend to 

 stockholders would in the end be injurious to 

 everj* man, woman and child. He complimented 

 the club on the efficient work done by Secretary 

 McClure and again thanked the organization for 

 tlie honor conferred upon Iiim. 



Secretary McClures report showed Ihe rapid 

 increase in membership and prestige ciijoye<i by 

 tlie organization as the result of its espousal of 

 the cause of lumber interests not only In this 

 city but throughout the country. He reviewed 

 at length the conditions which confronted the 

 river and rail committee at the beginning of the 

 year and referred to the excellent manner in 

 which this body had wielded the influence of the 

 club in such a way as to bring about permanent 

 benefits to the trade at large. In conclusion he 

 thanked the members for the support they had 

 given him and threw a bouquet at rvesident 

 Burgess because of the interest he had stimulaled 

 In the organization, C. D. HendrlcksoD. chair- 

 man of the river and rail committee, gave a 

 condensed review of what had been accomplished 

 by that body during the past year. 



J. U. Laskcy, who for some time had been 

 sales agent for the Gayoso Lumber Company and 

 who prior to his lonnectlon with that firm was 

 with the E. Sondheimer Company, has become 

 a member of the Dudley Lumber Company. This 

 concern has been operated here for a long while 

 as a branch of the Grand linplds firm of the 

 same name, but It has been reorganized and, 

 though its name Is not changed, will be in future 

 operated separate and distinct from the parent 

 lompany. II. J. Iiudley of Grand Kaplds has a 

 large Interest in the firm. J. r>. Laskey and C. 

 B. Dudley are other heavy stockholders. 



The Walnut Lake Cypress Company Is building 

 a band and lath mill at Walnut Lake, about 

 forty miles east of I'lne Bluff, Ark., In the heart 

 of the cypress timber district, to cost ap- 

 proximately ?.'iO,000, to have a capacity of 

 50,000 feet and to be completed early in March. 



The company is the owner of a large tract of 

 limber land and has awarded a eoDlract for 

 digging a lanal from Walnut Lake to Us tim- 

 ber with a view to preparing facilities for float- 

 ing logs down to the mill. This canal Is to be 

 fourteen feet wide and six feet deep and will be 

 used as soon as four miles have been <'oinpleted. 

 As It becomes necessary to go further back for 

 timber the canal will be lengthened. In addition 

 to serving as a means of transporting lumber 

 more cheaply than It can be hauled by tram or 

 railroad, the company believes that the canal 

 will serve to drain the tinilier land.s and make 

 Ihein much more valuable for agrlcullural pur- 

 poses after the timber has been cut therefrom. 

 The principal owners of stock In the company 

 are: E. 1'. Ladd, Little Rock: C. S. Bacon, Pine 

 Bluff: W. B. Craft and It. E. Schultz, Walnut 

 Lake. 



A large plant is being built at Pine Bluff, Ark., 

 for the manufacture of shafts, poles, singletrees 

 and doubletrees. Northern capitalists are back 

 of the enterprise and It Is expected to have the 

 plant In oi)eratlon in a short time. 



The Ozark Lumber & Spoke Company has been 

 incorporated for the manufacture of lumber and 

 spokes. It will have its headquarters at Eayette- 

 vllle. Ark. W. M. Thompson and others are the 

 incorporators. Ail of the stock has been 

 subscribed. 



Lumbermen of Memphis are congratulating 

 themselves upon the decision of the supreme 

 court declaring that Memphis has no right to 

 tax logs and lumber shipped into the city from 

 other states than Tennessee, the court holding 

 that such taxation would he illegal because levied 

 upon inlerslate commerce. The suit was styled 

 I. M. liarnell & Sous Company against the city 

 of Memphis and was carried to the federal su- 

 preme court from the supreme court of Tennessee 

 on a writ of error. 



Max Sondheimer is able to be back at his office 

 again, after an enforced absence of some days, 

 due to grip. 



W, A. Gilchrist of the Three States Lumber 

 Company : W. H, Greble, sales manager for the 

 Gilchrlst-Kordney Company ; S. II. Anderson of 

 the Andeison-Tully I'ompany, and J. W. Thomp- 

 son of the J. W, Thompson Lumber Company, 

 have returned to Memphis after making trips to 

 various parts of the country In the Interest of 

 tlieir firms. 



The regular semi monthly meeting of the Lum- 

 bermen's Club will be held at the Hotel Ciayoso, 

 .lanuary 'J't. at noon, accompanied by llie usual 

 luncheon. The newly ele<-ted officers will be in- 

 stalled and Lewis Doster, secretary of the Hard- 

 wood Manufacturers' Association, has lieen In- 

 vited to address Ihe members on the subject of 

 the general lumber situation. 



N. A. Wright, representing C. I.eary & Co. of 

 Liverpool, England, has been spending some time 

 In Memphis recently In search of certain descrlp- 

 ti«uis of lianlwood lumber. 



The club will also take some action with ref- 

 erence to the withdrawal of reeonslgnment rates 

 by the railroads. 



A meeting of the local members of ilu' Hard 

 wood .Manufa<lurers' .Vssix-latlon will be held 

 at Ihe Holol Gayuso, Memphis, at noon January 

 ■-'.■i. Invllallous have been sent to 1,"iii hard- 

 wood operators of the district from St. Louis 

 lo -New Orleans. Indications point to a large at- 

 liMidance. Vislling lumbermen will be enter- 

 tained by the Lumbermen's Club of Memphis at 

 luncheon. The purpose of the meeting is to dis- 

 cuss trade conditions, available slocks of lumber 

 and other matters Interesting lumbermen. Re- 

 ports frtini Ihe consuming trade are more en- 

 couraging and large car works, furniture fac- 

 tories and oilier consumers i>f hardwoods are In 

 receipt of orders which Insure Immediate demand 

 for various woods. In view of prospective large 

 orders and Ihe present heavy curtailment of out- 

 put. Indications point to unusually brisk trade 

 In Ihe near future. Lewis Doster, secretary of 

 the a.ssoclalion, will address the meeting. 



