56 



HARDWOOD RECORD 



Inly 10. l'.»21 



HARDWOODS FLOORING 



BOX SHOOKS 



tuMeeo 



ALL GRADES GUARANTEED 



MOUNT-GEARHART 



(NCORPORATED 



YARD: 



JOHNSON CITY 



TENNESSEE 



OFFICE 



ESSEX BUILDING 



NEWARK, N.J. 



The sigii to foUdw 

 fur Mai>le Ploor.ns 



STRABLE 



Lumber & Salt Company 



SAGINAW, MICHIGAN 



Manufacturers 



Hardwood Lumber, Maple Flooring 

 ALL GRADES AND THICKNESSES 



MODEKX DRV-KILNS AXD PLANING MILL 



Insist Ul'OIl 



Wolverine Maple Flooring 



"Best by Test" 



Maple, Birch, Basswood, Elm, Beech 



Is Business Optimism Warranted? 



QLR Consultiitioii Dtpartmeiu has received many questions as to 

 our opinion on the possibility of a financial panic before the end of 

 tbe year. Inquirers quote economists of note as forecastiuR such a 

 calamity. 



The Brookmire Economic Service— The Original System of Forecasting 

 from Economic Cycles— in predicting that fears of a panic have no 

 reasonable basis, makes what is bound to prove the most vital pre- 

 diction to American business that has been uttered in years. 

 The bulletin which analyzes and discusses the prime factors necessary 

 to a commercial and financial panic will be sent to you free, as an 

 example of the dcfiniteness, thoroughness, timeliness and accuracy of 

 the Brookmire Economic Service. Don't fail to get your copy. 



SEXD FOR BULLETIN M TODAY 



The Brookmire Economic Service 



IXCORPORATFI) 



25 WEST 45TH STREET, NEW YORK 



The Tegge Lumber Coi 



High Grade 



Northern and Southern 



Hardwoods and Mahogany 



Specialties 



OAK, MAPLE, CYPRESS, POPLAR 

 Milwaukee,, Wisconsin 



Collections are good and the entire financial condition shows improve- 

 rnent. One encouraging note Is Injected In the building field — $35,000,000 

 construition work is now under way in the city. 



PITTSBURGH 



Hardwood busiue.ss here i.s very bad. I'robably it was never worse at 

 this season. Industrial and railroad trade has not been up to expectation 

 by a long ways. Retail trade has been badly held up by the building 

 strikes, which are well on in Pittsburgh and many other places. Buyers 

 all along the line are taking only what lumber they must have for imme- 

 diate needs. Nobody is stocking up ahead. OflFerings from the mills are 

 unusually heavy and prices are accordingly low. It is not expected that 

 hardwood (piotations can be advanced but a very little during the next 

 two months. Well posted wholesalers have quit predicting when the buy- 

 ing boom is going to start, but arlniit now that there is very little prospect 

 of good business before September. 



BOSTON 



While demand is gradually improving, thure is far more inquir.v in pro- 

 |nn-tion tliau actual business in this market. Prices do seem to some extent 

 to Ik' in the way of better business. The recent advances in some lines 

 are not taken kindly to. The situation is rather peculiar in some respects. 

 I'Vir example, retail yards are purchasing very well "considering." whereas 

 trade with manufacturing consumers is really not at all as satisfactory as 

 it ought to be. In fact, as before noted, the bulk of the trade is from the 

 hardwood yards and from the furniture makers. And with them trade is 

 steadily improving. While building of houses in this state is to some 

 extent improving, though not as rapidly as some would have one think, 

 there is not much, if any, improvement as yet in hardwoods trim. The 

 piano people, who have for a long time been well sttK^ked up and have had 

 a lot of orders cancelled for their product, are not buying hardwoods well 

 here at all. The same is true of the other musical instrument makers. 

 Autci body demand here in this state is bad. The chair makers here, a large 

 business in normal times, is not furnishing much hardwood trade. The 

 market is pretty firm. This is true of FAS rather than of the common 

 grades, in which there continues to l>e an oversupply. 



BALTIMORE 



Conditinus in the hardwood trade are much the same as they have been, 

 with the inquiry for stocks exceedingly spotty. Some days may bring 

 out quite a number of orders, until a dealer gets the notion that a definite 

 improvement has set in. But this spurt will presently be followed by 

 stagnation, which makes the situation look much like it was before. Bal- 

 ancing the periods of activity with the intervals of dullness, however, will 

 probably show the former to predominate, so that despite the handicaps 

 a distinct gain in the movement is to be recorded. That this gain will 

 assume more impressive proportions as time goes on hardly admits of a 

 doubt. Stocks in the hands of the consumers are l>eing still further 

 reduced, so that additions will become unavoidable before long, unless a 

 buyer of hardwoods intends to go out of business: while the policy of the 

 mills in curtailing production makes for reduced supplies that are certain 

 to Increase the interest in offerings by r-eason of the growing scarcity. All 

 indications point to an expansion in the domestic demand, with consequent 

 improvement in prices. In fact, some of the quotations are higher than 

 they were, it being no longer entirely a case of a buyer's market. Sellers 

 with desirable stocks stand some chance of realizing acceptable figures, 

 since not all of the mills are in position to take care of wants as these 

 latter develop. The furniture factories in North Carolina, for instance, 

 have manifested much larger requirements of late, and stocks in consider- 

 able quantities have been placed there. Other woodworking establishments 

 are in a somewhat similar position, with every indication that a gradual 

 revival in these enterprises will take place. 



COLUMBUS 



There is a slight improvement in the demand for hardwoods in Columbus 

 and central Ohio territory during the past fortnight. Retailers are show- 

 ing a slight increase in activity, especially in making inquiries. Some of 

 the inquiries are developing into orders. Reports show that retail stocks 

 are only fair and in some cases rather badly broken and here and there 

 dealers are compelled to enter the market to replace broken stocks. 



Factories are also showing signs of renewed buying, but this is confined 

 to furniture, implement and vehicle concerns. Box factories are buying 

 low grade lumber rather actively when industrial conditions are taken into 

 consideration. Furniture factories are the best customers at this time. 

 Mining concerns, especially those engaged in coal mining, are buying 

 hardwoods. 



Prices are rather steady at the levels which have prevailed for some time. 

 There is more stability apparent as the wide range is disappearing. Appar- 

 ently the distress lumber is gradually l>eing absorbed and steadier prices 

 from now on arc expected. Shipments are coming out promptly. Collec- 

 tions are growing better as a rule. Quartered and plain oak are in fair 

 demand and the better grades are rather scarce. Poplar is quiet but there 

 is a better demand for ash and chestnut. Basswood is moving fairly well 

 under the circumstances. 



