34 



HARDWOOD RECORD 



July 25. 1921 



CHICAGO OFFICE 



N. S. JOHNSON 

 3S W. ADAMS ST. 



GRAND RAPIDS 



GEO. A. BAKER 

 HOTEL CODY 



MAHOGANY 







^y. 



^\ 



V 



THE 



# FREIBERG % 





o^ MAHOGANY CO. <,\ 



LUMBER -^ VENEERS 



ilays were J. \V. Langs of the Dominion Timber Sales. Limited, Vancouver, 

 It. C, and J. D. MacCormacli, general manager of the Canadian Western 

 I.nmlicr Co., Kraser Mills, B. C. 



CHICAGO 



The morale of the hardwood interests selling on this market has been 

 noticeably Improved by the good reports that come from the Grand 

 Rapids and (.'hicago furniture markets. The business booked by the 

 furniture manufacturors on these two markets gives promise of an impor- 

 tant iinprov<-ment in demand in the latter part of August or early autumn. 

 It is believed that the lumber stoeks of the furniture makers are very 

 low, and that they will have to take on considerable more lumber to flll 

 the orders they have booked in the past few weeks. Trade in hardwood 

 flooring U holding up well and the demand for trim is good. The steadi- 

 ness of prices fitr the scarce upper grades and the relative weakness in 

 lower grade prices continues. 



BUFFALO 



llanlwooii trade is ylinwing less activity than a month ago, and hardly 

 any purchaser is Interested. The business depression in the East shows 

 no signs of letting up. although the prediction is made that some improve- 

 ment will take place this fall. It is based on the feeling that things 

 generally do get better in the fall, and they ought to do so this year, attel 

 a long period of dullness. But the prophecies of good times this fall havt 

 been revised to some extent. Buying of hardwoods is not expected to 

 make any sudden strides from present conditions. 



I'rici'S are naturally showing the effects of the severe competition. The 

 mills and the wholesalers in Southern territory have a good deal of stock 

 to sell in the common grades, and until the business begins to pick up 

 there is not much expectation of additional firmness in such stock. The 

 price does not make much difference to the buyer who has no need of addl- 

 ti()nal supplies at this time. 



CLEVELAND 



I,.ittle change in the hardwood market situation can be noted in the last 

 fortnight here. General manufacturing activities have diminished to a 

 low ebb, and the requirements of hardwoods from this source are no larger 

 than they have been since May 1. The automobile trade, hitherto looked 

 upon as a sort of mainstay in this division for the hardwood faction, has 

 curtailed rather than expanded its output. The upset to the building 

 industry as a whole through the strike of building trades operatives dur* 

 ing May, and the uncertainty of the house building public, which offers 

 the most significant market for interior finish, that the market as far as 

 labor is concerned has not reached bottom, is holding back what might 

 otherwise be a normal year. Hence while there is some improvement over 

 a month or so ago. by no means is this improvement bringing hardwood 

 liemand up to normal. It is equally significant that while bigger build- 

 ing operations are being contemplated in large number, actual contracts 

 are slower in being placed. In the face of these conditions the market 

 here remains surprisingly steady, and while prices may not be strong, 

 there is less shading of quotations, and holders appear willing to await 

 further developments. 



BOSTON 



The market is unmistakably tiuiet. This is ascribed to the recent holi- 

 days, the hot weather and the fact that this is naturally a quiet time of 

 year. It is also, of course, due to some extent to the general business 

 situation and the credit situation. There is a slight improvement in 

 demand and inquiry all along the line, but it is unfortunately a very slight 

 improvement. A feature of the market the past fortnight is the fact that 

 there has been considerable inquiry for finish noted. The fact is that 

 the house finish people are figuring on a number of jobs at the present 

 time. But thus far the inquiry, which is generous in volume, has not been 

 followed by orders of any importance. There continues to be a fair 

 volume of business, considering all things, from the hardwood yards. They 

 and the furniture people furnish the bulk of business. There has indeed 

 been a slight falling off in demand from the furniture makers, and from 

 the chair makers especially demand at this time is quite slack, and with 

 the railroads and in the way of export business there is practically no 

 trade. There is really little pep to the market, but on the other hand the 

 tone of the market is very firm. This, of course, applies to firsts and 

 seconds. There has been no change in prices of the upper grades and the 

 market for them is firm, but there continues to be accumulation in the 

 lower grades and a wide range between the prices of the upper grades 

 and the prices of the common grades. 



BALTIMORE 



Conditions in the hardwood trade have undergone no important modi- 

 tications in the last two weeks. Mills are hoUIing down on the production 

 and the buyers are by no means eager to place orders, their requirements 

 still being quite moderate, so that even price revisions downward do not 

 always secure business. It is not so much that purchasers want to depress 



