60 



HARDWOOD RECORD 



May 



I N Bi 



VENEER 



R.'-drvtni' 





ROCTOR 6? 

 HWARTZ 



I 



We have very complete stocks of 

 dry lumber in 4/4 to 16/4 thickness 



DOMESTIC HARDWOODS, Inc. ''^r^Vdr' 



JACKSON & TINDLE 



IXCOHPOHATKD 



Sales Office 

 GRAND RAPIDS, MICH. 



Main Office 

 BUFFALO, N. Y. 



Complete stock of 



Dry Northern Hardwoods 



HARD MAI'I.K 

 SOFT MAI'LE 

 BAS6WOOD 



BIRCH 



BEECH 



ELM 



UP-TO-DATE BAND MILLS Now OPERAT- 

 ING at PELLSTON and MUNISING. MICH. 



We offer COMPLETE STOCK 



WISCONSIN OAK 



"TRY VS" 



MAPLK 



4/4' No. 1 Com. & Bit.. 5 cars 



4/4" Na. 2 Com 4 can 



5/4" No. 2 Oom. 4 Btr..6 c»r« 



8/4" No. 2 Cora. & Btr..4 can 



10/4" No. 2 Cora. & Blr.2 cara 



16/4" No. 2 Com. & Btr.l ear 



BIRCH 

 4/4" No. 1 Com. & Btr..3 car3 



4/4" No. 2 Com 5 cars 



5/4" No. 1 Com. & Btr..3 cars 

 8/4" No. 2 Com. & Btr..S cars 

 8/4" No 1 Ccim. & Btr.J cais 

 12/4" No. 2 Com & Btr.t car 



Brooks & Ross Lumber Co. 



SCHOFIELD, WISCONSIN 

 iSALES OFFICE AND MILL) 



The Tegge Lumber Col 



High Grade 



Northern and Southern 



Hardwoods and Mahogany 



Specialties 



OAK, MAPLE, CYPRESS, POPLAR 

 Milwaukee,. Wisconsin ~ 



I'xccutlves bf'Iiovc th*- worst Is past. Makers of inusioal instrumeuts, 

 including pianos and talking macUine cabinets, report a slight increase in 

 business, as ilo tbe box manufacturers. Among the retaller.s the situation 

 is worse. Demand lias fallen off appreciably since the last report, due 

 almost entirely to labor trouble, either directly or indireclly. New con- 

 struction is Iwing i)ostponed until something definite is learned concerning 

 the ti'rms of the settlement when a settlement is made. Stocks in the 

 ilcalcrs' yards are low and almost no buying is being done. Prices on the 

 iippergrades appears to lie steady, but lowers are soft. 



EVANSVILLE 



There has been some iinprovonieiit iu the tr;uie u( the hardwood lumber 

 manufacturers lu Kvan.sville and southern Indiana durinj; the past two 

 weeks, and in the opinion of the manufaetureis the worst of the business 

 depression has passed away and they feel tliat from this time on there is 

 ffolng to t>e a better demand for lumber. Stocks are still low, due to the 

 fact that so few of tlie mills have been operating during the past three or 

 four months. It is pointed out that prices are bound to get better as the 

 demand for lumber increases. Few of the hardwood niiiis here are run- 

 ning at this time, and not many logs are being brought in at the present 

 lime. Trices are firmer than they were a mouth ago and there is less 

 price slushing now than there was for three months after the first of the 

 present year. Manufacturers say that the tone of the market is not only 

 better, but that more orders are coming in and that inquiries are more 

 numerous and they feel sure that some of these inquiries will lead to new 

 business a little later on. The retail lumber business is improving s<>me 

 along with the wholesale business. The various wood consuming factories 

 of Kvansville, as well as those at Tell City, Ind.. Jasper, Ind., Henderson. 

 Ky., and Owensboro, Ky., are being operated on longer time, and more 

 »)f these plants are now in the market for lumber. The general trade situa- 

 tion is a whole lot better and collections are holding their own. Manu- 

 facturers, as well as the retail dealers, are of the opinion that trade is 

 going to be better in June than it was in May, and they report that May 

 showed a nice improvement over the month of April. I'.ox manufacturers 

 >:iy that their trade is fairly gond. 



MEMPHIS 



Tlu' liar<lwood market does not present any striking new feature. The 

 ii'iic is showing steady improvement and the market is advancing Avith 

 considerable rapidity on tbe higher grailes and with a fair degree of 

 rapidity in the case of No. 1 common in red gum, oak, ash and some other 

 items. The recovery on tirsts and seconds from the level generally pre- 

 vailing some weeks ago when the market was at its worst has been some- 

 where between .$10 and $20 per thousand feet. The gain in No. 1 common 

 has not amounted to half as much as in firsts and seconds, and the 

 improvement in Nos. li and 3 common has been comparatively light. The 

 spread as l)etween firsts and seconds and No. 1 common is considered 

 very wide, and some consumers are placing their orders for the No. 1 

 common instead of firsts and seconds on this account. 



Stocks, generally speaking, are decreasing because of the excess of sales 

 an<l shipments over the quantity being placed on sticks. It is conserva- 

 tively estimated that not more than 8 to 9 per cent of the total stock in 

 the southern hardwood field comprises firsts and seconds. It Is further 

 estimated that Nos. 2 and 3 common represent between 43 and 47 per 

 cent of the total holdings. The difference between the two is represented 

 by No. 1 common. 



Production is failing to show increase. In tact, more mills, including 

 some of those which started up for temporary cutting of logs which had 

 to be saved from spoilage, have stopped running than have started. There 

 appears to be no general disposition on the part of owners of timber lands 

 to cut their timber and convert it into lumber under present relations 

 between supply and demand. Weather conditions have been much more 

 favorable during the past fortnight, but there is still considerable surface 

 and back water in the lowlands, making logging operations difficult. It is 

 not overstating the case, however, to say that the vast majority of manu- 

 facturers are "lying low," and are making no preiiarations whatever ti> 

 bring out fresh logs because they are not impressed with the advisability 

 of this course in the present situation. Voluntary curtailment, based on 

 the present relations between supply and demand, is cutting a vastly 

 larger figure in restricting hardwood output than unfavorable weather. 

 Still, the latter is a factor of considerable importance as indicated by the 

 fact that manufacturers have no hesitancy in saying that, even if they 

 were of a mind to get out logs and start up their machinery again, they 

 would be held in check to a marked extent by the presence of so much 

 water in tbe lowlands, where most of the timber lies. 



Domestic consumers, with building trade Interests leading, are the prin- 

 cipal buyers of southern hardwoods. There is almost no business overseas. 

 In this connection, it may be noted that W. H. Kusse of Russe & Burgesa. 

 Inc., who has recently returned to Memphis after a stay of some weeks in 

 France and the Tnited Kingdom, is authority for the statement that set- 

 tlement of the reparations question ought to prove a stimulating factor 

 in the foreign situation and start a gradual return of buying on the part 

 of wholesalers and consuming interests. He is afraid the labor situation 

 in Kngland will prove a repressive influence for the immediate future 

 because of its serious interference with industry, but he is hopeful that 

 there will be steady improvement in the situation overseas, as affecting 



