.Ii.nc 25, V.>21 



HARDWOOD RECORD 



59 



ipacbed their lowest levels, unci after the ilemanU liir liimher Improves the.v 

 predict tliiit there will be a stiffeuiiiK of prices, due to the tact that the 

 output is beint; curtailed uiui few of the lartie mills of the country have 

 been runninj; much since the lirst of the .year. IluildlnK operations In 

 Evansvllle and southern Indiana have picked up some (hiring thi' month of 

 June and contrai-tors and building material men are of the opinion that 



J\il.v anil August will witness a k 1 deal of bulbllnK, althcnmh they arc 



not lookinj; for anythin;; like a boom in building this yi'ar. 



MEMPHIS 



Tin' hiii-ilwiioil market is rathcT- spott.'d. Dennuiil is somewhat irrcKubir 

 and business is by no means evenly distributed. This Is due in part to 

 the fact that some manufacturers do not care to do business on current 

 terms and that they are holdluK thi-lr stock at prices considerably above 

 present values. It is also due in part to the fact that some interests are 

 nmking a more active I>id for business than others. One of the most 

 pnunlnent numufacturers in Memphis is autlnprity for the statement that 

 "somebody Is sjoinK to have to pay dearly f<ir the terrible hiatus In pro- 

 duction of southern hanlwoods" and for the additional statement that 

 "we are disposed to await ilevelr>p!nents Itefore throwing; over our lumber 

 at prevailing prices." 



liuilding trade interests, who have been relatively the lo'Mviest buyers 

 of southern hardwoods during the past few weeks, slowed down in their 

 bu.ving: just before their seconfl installment of fncome ami e.\cess protits 

 taxes fell due and this accounts, in some measure, for the lull experi- 

 enced during the preceding week. They have now reentered the market 

 and are taking c^msiderable (juantities of llrsts and seconds as well as 

 No. 1 and No. 2 common plain red and white oak and plain red gum. 

 Furniture manufacturers, too. are Imreasing their purchases somewhat 

 and there is a fair demand from wholesale yards. Itne of the most striking 

 developments during the past few days lias been the appearance of some 

 dennind for No. 3 gum. I'art of this is coming from box manufacturers, 

 while the remainder is emanating from wholesale interests. One tirm has 

 sold approximately 30(1,000 feet, while another has disposed of about 

 BO cars. No. 3 common has been exceptionally slow during the past three 

 months and the appearance of tills demand, even though it is by no means 

 large, is accepted as one of the most encouraging developments for sev- 

 eral months. Readjustment of rates on hardwood lumber seems to be no 

 nearer than heretofore and it was feared that there would be no movement 

 of the very low grades until rates were rwluccd, but it would seem that 

 there is some movement regardless of practically prohibitive freight rates. 

 There is not much to be said on the score of prices. These are tirm 

 on the high grades, which are relatively quite scarce and they are also 

 very steady on No. 1 and No. 2 common plain red gum and oak. The lower 

 grades are still commanding very greatly reduced prices as compared with 

 normal, but the market shows a little recovery even on these. 



I'roduction is decreasing rather than increasing and stocks are lessen- 

 ing as a result of shipments somewhat in excess of daily output. There is 

 nothing suggestive of any increase in logging or manufacturing operations. 

 On the contrary, indications continue to point to exceptionally limitcil 

 output until there is some development calculated to inspire greater con- 

 fidence in the absorptive capacity of the market than has yet manifested 

 itself. Conditions are regarded as better than a short time ago, but they 

 have not yet improved sufHciently to stimulate enough confidence in the 

 stability of the market to justify manufacturers in resuming either logging 

 or manufacturing operations. 



ST. LOUIS 



While prices have been steady, tin- market has Immmi very sluggish for 

 the past ten days. Itailroads are buying nothing and there is.an unusually 

 light amount of orders being placed. The market has an appearance of 

 being steady, but it is mostly because of the lack of activities. I>ittle hope 

 is held tor a better condition until as late as October. 



SOUTH BEND 



The hardwood market in this vicinity is very (luict. but prices arc 

 remaining very firm. The higher grades of all hardwoods are very scarce 

 indeed, especially is this true of plain oak and red gum. I'rlces quoted arc 

 about as follows, f. o. h. lars this rate: I'lain oak F.\S. ISIOO : No. 1 

 common, :f5(i ; No. 2 common. $3b. Plain red gum K.\S. .f 90 ; No. 1 com- 

 mon. S4K. Sap gum FAS, S45 : No. 1 common, .$30 ; .No. 2 common. $23. 



One point the buyers seem to overlook is that iumlier is being o8fi>rcd 

 today at less than present cost of production, and this condition cannot 

 exist very long. It conditions do not change within the next OO days a 

 lumber shortage is as sure as taxes. Some of the old, experienced buyers 

 arc taking advantage of present conditions, slipping orders here and tb.re 

 for H few cars. 



LOUISVILLE 



Ilcmand for hardwoods continues in small lots, principally one and 

 two cars, with the demand strongly for gum and poplar, in inch and 

 thicker, with some plain oak moving. A few sales made recently slic.n 

 Ik and 2s popular, 4-4. .$100 ; No. 1 common poplar, $47..')0 ; plain ml 



Foster-Latimer Lumber Co. 



OFFER THE FOLLOWING 



DRY HARDWOODS 



SOFT ELM 

 No. 2 & Btr. 4/4. rec wtlths & Ictha 12 mo«. do- 

 No. 2 * Btr. 5/4. rcc wdths. & Ijrthrt H roo». tin- 

 No. 2& Btr. 6/4. rcB. wdUiB. & leths 15 mo6. dry 



(Largely No. 1 Commoni 



No. 1 & Btr. 8/4, reg. wdtha. & leths 5 mos. dry 



No. 1 & Btr. 10/4, reg. wdthn. & Icihs 15 mos. do" 



No. 1 & Btr. 12/4. reg. wiitlis. & Igths 2 roofl. dr>- 



No. 3 4/4. rtir. wdtha, & Igih.s 12 rao9. dry 



No. 3 6/4. n-c wdtha. & Igths 5 mos. dry 



WIRE, PHONE OR WRITE FOR PRICES 

 MAIN OFFICE AND MILLS 

 MELLEN, WISCONSIN 



A Few Bargains in Dry Hardwoods 



ottered by 



Wheeler-Timlin Lumber Co. 



4/4" No. 1 & Btr. Birch 4 cars 



6/4" No. 1 & Btr. Birch 4 cars 



8/4" No. 1 & Btr. Birch 1 car 



10/4" No. 1 & Btr. Birch 1 car 



4/4" No. 3 Birch 10 cars 



5/4" No. 2 Birch 1 car 



6/4" No. 1 & Btr. Soft Elm 10 cars 



6/4" No. 3 Soft Elm 4 cars 



We are sawing at both Wittenberg and Dorchester 



mills and can get out special items of Northern 



Hardwoods 



MAIN OFFICE, WAUSAU, WISCONSIN 



VESTAL LUMBER 

 & MFG. COMPANY 



INCORPORATED 



Soft Textured Oak 



Poplar 



Black Walnut 



Tenn. Red Cedar 



KNOXVILLE, TENNESSEE 



BAND MILLS AT VESTAL 



A SUBURB OF KNOXVILLE 



FONDE, KY. 



