52 



HARDWOOD RECORD 



October 111. i;i:;i 



Results from Experience 



Our well eelected log«, our careful manufacture and the 

 grading of our Btock, doinonstrate a service built on expe- 

 rience that should bring you Into our family fold for fu- 

 ture buslnesfl. We make Hardwood Lumber that bringa a 

 follow-up order. Keep In touch with ua when In need oi' 

 future supply. Dry «tock is acarce now. A careful con- 

 numfng manufacturer, however, looks to the future for sup- 

 plies that give HUtlafactlon. 



We desire to get in communication with you bo we may 

 know what your needs are and maybe by and by we can 

 help you. The erection of new mills and because of our 

 having a constant eye cast about for Increasing our timber 

 holdings, should put u.s at the head of the list of mills 

 when you want to buy Pine and Hardwoods. 



Kentucky Lumber Co. 



Manuforturers On/:, l.'ed nnil Snii '.'inn, liouijh 

 >!nii Drefsed Tujivlu, Sfuirt-Leaf Y. Pine 



oflice-^^^ Security Trust Building, Lexington, Ky. 



SAW AND PLANING MILLS AT SULLIGENT. ALA. 



FOR SALE 



Southern Hardwoods 



OAK, GUM, ASH, ELM, 

 MAPLE, CYPRESS, 

 HICKORY, POPLAR 



WRITE OR WIRE 



Jerome Hardwood Lumber Co. 



JEROME, ARKANSAS 



WE SHIP STRAIGHT OR MIXED CARS OF FLOOR- 

 ING. OAK, ASH. CYPRESS AND GUM LUMBER 



STRABLE 

 Lumber & Salt Company 



SAGINAW, MICHIGAN 



Munujacturers 



Hardwood Lumber, Maple Flooring 

 ALL GRADES AND THICKNESSES 



MODERN' DRY- KILNS AND PLANING MILL 

 Insist upon 



Wolverine Maple Flooring 



" It e B t li > Test" 



SrMl.'So'°FiS" Maple, Birch, Basswood. Elm, Beech 



The Tegge Lumber Co^ 



High Grade 



Northern and Southern 



Hardwoods and Mahogany 



Specialties 



OAK, MAPLE, CYPRESS, POPLAR 

 Milwaukee,. Wisconsin 



IHiictlciiIl.v ail iiH'iiibors of the trade. Uciiiand is wlill considerably short 

 nl" uoriMul even in the case of No. 1 cuinmon and hif^lier grades but il is 

 so much better now than during; the past few months that it looks large 

 by comparison with the more recent average. 



i'rires. ton, arc substantially higher, except in the case of No. '1 com- 

 nioii and lower. It is conceded that the advance during the past two 

 to three weeks has aniount(*d to $4 to $(! per thousand feet on Xo. 1 

 cnninion ;unl better plain white oak. No. 1 common ami better plain red 

 o;ik, ,N«i. 1 iiiniiiion and belter plain red gum. No. 1 coniiuon and better 

 idain sap ^uin. No. 1 common and l>etter Cottonwood ;ind No. 1 common 

 and better poplar. The market is likewise reported in tirmer position in 

 the case of ash but the advance in this item has perhaps not been quite 

 so large as in the case of the other woods mentioned. 



It develops that there is quite a pronounced shortage of No. 1 common 

 :iiid better plain white oak. The supply of No. 1 common red oak is somc- 

 wbal larger than in the case of white but offerings i-veu in this are by no 

 means large. 'I'he greatest scarcity at the moment appears to be in No. 1 

 it.mmon and better red gum. Some members of the trade say there are 

 only a few cars available in the whole city of Memphis and that efforts 

 lo buy in the interior are not meeting with very great suc-cess. One firm 

 here has recently asked 7;^ mills for quotations and offers on No. 1 common 

 plain red and white oak. Thirty -six replied, showing about 1,500.000 

 feet of white and about 3.000,000 feet of red. This is accepted as 

 indicating thai stocks in the hantis of interior nulls are not large by 

 any means. 



The market has not only advanced as much as, or more than, already 

 indicated, but the temlency is also higher at the moment. Some owners 

 of phiiii white iiak. in No. 1 common, are holding their stock as high as .$50 

 wliile otliers are scaling their iirices down as low as $40 to $42 at 

 .Memphis. Sales have been made here as high as .$42. f. o. b. cars at this 

 point, while there have been reasonably large transactions in the interior 

 at prii-es .1*1 lo %'A below the Memphis basi'. There is a quite general 

 ilispnsilioii among owners of No. 1 eoinmon and better to stiffen their 

 ideas of value and it is freely predicteil that the advan<-e during the 

 current month will be larger than tb:it experienced during the past 

 several weeks. 



Flooring nuiuufacturers are the best buyers of No. 1 common red and 

 white oak and they are beginning to realize that there is an element of 

 (binger in delaying their purchases. Sales are being made by wire and 

 hy telephone, indicating that there is less <lisposition to delay than here- 

 loforc. Furniture interests, too. arc in the market in a bigger way ami 

 ihcir purchases are large by comparison with the recent average. Man- 

 ufacturers of boxes and other wooden containers are also taking the 

 liiwer graijes in soniewbat larger volume but it is generally conceded that 

 I liere has lieen little appreciable increase in values. The lower grades 

 are under the handicap of very high freight rates which are preventing 

 their movement in volume into the channels heretofore open to them. 

 Wliolesale interests are in the market in a larger way. too. and alto- 

 gether demand is considered very much improved. 



Interest centers largely in the freight rate contest now in progress 

 before tlif Interstate Commerce Commission. It is felt by members of 

 the trade here that If any substantial reduction in rates is made it will 

 do more than anything else to stimulate the market and bring about a 

 nearer approach to normal activity. Consuming interests, while buying 

 more freely, are undoubtedly delaying somewhat Iiecause of the belief 

 on their part that they will be the gainers by the decision which is con- 

 lidontly expected from the commission. 



r)ne of the features of the market at the moment is the large amount 

 of export business. The American Overseas Forwarding (*ompany reports 

 the heaviest Itusiness with Europe during September recorded in a num-^ 

 l)er <»f nu)nths and a very good showing is being made thus far this 

 month. It is pointed out that the recent ilecline in ocean freight rates 

 to Cniti'd Kingibun ports is proving a stimulating inlluence. One firm 

 here, which has never catered very largely to export demand, is author- 

 ity for the statement that fully 50 per cent of its business for September, 

 easily the best month of the year, was sold in foreign channels. Some 

 of the older export firms note that conditions, from a price standpoint 

 as well as from the standpoint of terms, are not favorable, but the fact 

 remains that export demand constitutes a notable featiire of the market 

 for siuithern hardwoods at the moment. 



Inquiry fails to disclose any increase in activity eith. r in the woods 

 or at fhc mills. 



LOUISVILLE 



r.iisini^s is npiirteil as lioing very fail' with thp Imal jobbers and 

 nnnhu'crs of hai'<l\voo(ls. there haviiifj been improvement shown in veneers 

 ami panels iliiriny the past two weelvs. while orders for top grades of 

 liardwoods continue active in poplar, oak, red gum. and there is also a 

 liiir niovinient of walnut. Ash has been a little l>etter, imt hickory, sap 

 ;ivnn. eottouwoocl. elm. beech, etc.. are not showing much Demand for 

 low grades, especially No. 3 common, is poor as a wliol. . Stocks of Is 

 and 2s arc very light, and there has been a eonsidcn>)!i- inroad made 

 on No. 1 common. Trices are consistently rising on good urades, red gum. 

 oak and poplar bein.a about .$3 a thousand higher than they were in 

 niid-ScptemlMT. The flom-ing trade has been taking a good deal of stock. 



