28 



HARDWOOD RECORD 



May 25, 1921 



Our specialty Is AMERICAN WALNUT 



Lumber and Veneers 



Our Band Mill at Cincinnati is in daily operation and we 



now carry a stock of over three million feet of walnut 



lumber. 



We have also ready for prompt shipment three million 



feet of walnut long wood veneers, half million feet of 



walnut stumpwood and one million feet of African and 



Central American mahogany veneers. 



We Also Handle 



AHOGANY 



MEXICAN 



PHILIPPINE 



The Kosse, Shoe & Schleyer Co. 



EASTERN BRANCH: 

 8 E. Lexington Street, Baltimore, Md. 



iContimiC'l fio»i jiaiie lin i 

 and the license t:ix on the eoiuluct of the lumber business might be 

 declared unconstitutional. 



Fifth — The chief difference between the old Capper Bill and the 

 present one is in the taxation provisions. The new Capper Bill 

 seeks to enforce the cutting regulations which will be prescribed 

 under the act by imposing an additional tax of $4.95 a thousand 

 feet on all forest products produced otherwise than in accordance 

 with such timber cutting regulations. 



That is, a tax of five cents a thousand feet will be levied on all 

 forest ])roducts, however cut. A tax of five dollais would be 

 assessed against all such products as have not been cut in accord- 

 ance with the regulations. 



Home Office: Cincinnati, Ohio 



l.iiiU Box 18. St. Bernard BrMncli 



Sixth — The revised bill makes no mention of authorizing com- 

 binations in the forestry industries where such combinations would 

 be in the interest of greater production and marketing of forest 

 products, nor does it give atithority to the Forest Service itself to 

 engage in logging operations, lumber manufacturing, etc., in the 

 national forests. 



The provisions may have been omitted because they are contro- 

 versial, have no direct bearing upon the essential forestry princi- 

 ples contained in the act, and would probably store up opposition 

 to the bill among those who are opposed either to large industrial 

 combinations or to the United States government engaging in an 

 industrial enterprise. 



Pertinent Information 



April Statistics Show Substantial Building Gain 

 Buildlug permits for April, 1^21, Issued in 20t cities, as officially 

 reported to The .\merlcan Coiitrnctor, total ?102, 100,005. The Increase 

 In activity which has hceu apparent during each succeeding mouth of this 

 year Is visualized by ii comparison of the ahove total with the .Tanuary 

 total of $G2,150.4G1 from 203 cities. This is a 1-44. 7 per cent gain. Riving 

 January the advantage of two cities. February permits from 19(5 cities 

 totalled $90,403,2211, and Jlarch statistics from 184 cities totalled $124,- 

 450,629. 



.\prll, 1920, was the peak month of activity last year, and permits issued 

 in the same 201 cities as reported tor this year totalled $200,234,203, show- 

 lug a 24 per cent loss from last year's fourth month activity. However, 

 the number of permits Issued during .\pril of this year (34,lfi2» is a sub- 

 stantial increase over the number Issued during April, 1920 (40,7S5). thus 



showing a mon^ widespread manifestation of activity for this year. It is 

 probable that due to lessened cost of construction the 24 per cent loss In 

 dollar valuation for this year is overdrawn when converted to footage 

 comparison. 



There are spectacular increases over March in Chicago which jumps 

 from $7,320,000 to $15,198,000; in Baltimore, which jumps from $2,673.- 

 720 to $§,305,200, and Cleveland, from $4,673,675 to $8,470,525. Detroit 

 permits drop from $(!,297,397 and Kansas City permits from $1,037,900 to 

 $757,750. 



Statistics from the fourteen cities (Baltimore, Boston. Chicago, Cleve- 

 land, Detroit, Kansas City, Los Angeles, Minneapolis, New Orleans, New 

 York (five boroughs), Philadelphia. Pittslmrgh, San Francisco and Seat- 

 tle), which furnish The American Contractor basis for long time com- 

 parisons, total $86,913,100 as against $09,444,662 for March, $61,872,467 

 for February, and $34,240,000 for .Tanuary. .\ccording to these figures the 

 per cent of gain for February over January is 80.7 ; the gain of ilarch 

 over February is 10.5 per cent, and the gain of April over March is 25.2 

 per cent. The per cent gain of April over January is 153.9. 



The super normal mouth of April, 1920, is the only month in the last 

 eight y«ars which has exceeded current April in money valuation of per- 

 mit*. 



