November 25. lillS 



HARDWOOD RECORD 



45 



They point out tbat manufacturers of automobiles and motor trucks 

 and all engaged in supplying wheels and other parts of these vehicles ■will 

 turn from production for war purposes to production for purely peace 

 purposes and that they will be as active in the latter as they have been 

 In the former. Farm wagons and farm implements will be produced by 

 those making army wagons and similar equipment, and so it goes. 



Furniture manufacturers are expected to get back to normal produc- 

 tion in due course, while tremendous stimulus to demand for hardwood 

 lumber for flooring, for interior trim and for similar uses is anticipated 

 from resumption of normal building activities. 



Box and cooperage interests will, in the opinion of those engaged in 

 these lines, turn out larger quantities of wooden containers than even 

 during the war because of, the necessity of even larger exports of food 

 stufEs than heretofore to take care of requirements of neutral and belliger- 

 ent nations. 



Already there are plentiful signs that there will be a tremendous de- 

 mand for hardwood lumber from Europe and that exports will be of un- 

 paralleled proportions as soon as there are adequate ocean transportation 

 facilities. All members of the trade appear to be agreed on the outlook 

 In this direction. 



Just now business is quiet. There is every indication that it will con- 

 tinue so for a while. But this is as expected and is causing no uneasiness. 

 Lifting of the embargo against shipments of commercial lumber into all 

 territory west of the Buffalo-Pittsburg line is facilitating movement of 

 both lumber and forest products and shipments are going forward now 

 with greater promptness. Production is undergoing little change. No 

 more mills have closed down. Those that have closed down are awaiting 

 further developments before resuming. Prices are without change. The 

 owner who refused to sell a short time ago at concessions is now more 

 determined than ever to hold his lumber for satisfactory value. The 

 supply of labor is larger now than for several months and some members 

 of the trade anticipate that wages may begin to take the back-track to a 

 modest degree. No liig changes, however, are expected. Indeed, practically 

 all interests agree that readjustment of the wage scale must be a gradual 

 process and perhaps a rather slow one. 



^-< LOUISVILLE >= 



Peace and lifting the embargo all in one week was almost too much for 

 some of the' lumbermen, but everyone is expected to survive the shook. 

 Lifting the embargo has already started a better inquiry, and lifting build- 

 ing restrictions should bring about a better demand for interior trim and 

 that shortly. Just now a few inquiries are coming from the furniture 

 trade, and a few are expected shortly from the auto trade. However, 

 things are a little quiet, although a few houses are managing to keep 

 fairly busy, but principally on shipping out business that had been delayed 

 on account of permits. 



Chestnut has been very active, a good demand for this wood for core 

 stock having developed. The demand for poplar is not quite so keen as ii. 

 was, except in the lower grades which continue very active. Hickory has 

 been cleaning up nicely, even log run, inch and under, moving. Maple 

 hasn't been showing much so far this month. Chair manufacturers have 

 been buying common plain and common quartered oak. Plain oak demand 

 has been principally for white, with very little red moving from some mills. 

 Quartered is selling in % and thicker, but principally in common grades. 



While practically no cancellations of direct or indirect orders are being 

 reported, there have been a few reports of indirect consumers ordering 

 shipments held up. For a time orders for aeroplane stock were renewed 

 as fast as they were filled, and the manufacturers were steadily asked 

 to take more of the business. However, no new aeroplane business is being 

 placed now, and in a number of other lines things are about the same. 

 A few new orders for government stuff, either of staple character or for 

 hurry up finishing of contracts, are still coming, but government business 

 as a whole is slowing down since the armistice was signed, and is reported 

 to have been slumping for two weeks prior to that. 



So far the market hasn't shown much effect of peace, and the general 

 lines in demand are about the same,, although the volume is not quite so 

 heavy. However, prices are firm, and as good as at any previous time in 

 weeks. 



=-< MILWAUKEE >= 



The outlook in the Milwaukee and Wisconsin hardwood trade since the 

 cessation of hostilities is one of much encouragement, despite the belief 

 which existed immediately thereafter that the probable discontinuance of 

 war demands might create somewhat of a slump. However, the enormous 

 requirements of hardwoods and veneers in ordinary peace-time industries, 

 which have been subjected to the strictest regulations and restrictions, 

 are now developing and the impression prevails that whatever falling off 

 may be encountered by reason of the lesser military needs will be more 

 than occupied by requirements which have been held in almost absolute 

 check for a year or more. As a matter of fact, military necessities are 

 being well sustained and are expected to continue to be of ample propor- 

 tions for some time to come. In this respect the hardwood industry is 

 believed to be in a relatively better position than other branches of the 

 lumber trade, which, however, are not suffering to any appreciable extent. 

 Values are being steadily maintained and no sharp fluctuations are ex- 

 pected for the time being. 



WE HAVE THE FOLLOWING STOCK TO OFFER: 



3 cars 4/4 No. 1 Common and better Ash 

 5 cars 6/4 Log Run Beech 



15 cars 6/4 No. 1 Common and better Hard Maple 

 5 cars 10/4 No. 1 Common and better Hard Maple 

 5 cars 8/4 No. 1 Common and better Hard Maple 

 5 cars 8/4 No. 1 Common and better Hard Maple 



4 cars 8/4 No. 1 Common and better Soft Maple 

 10 cars 4/4 No. 1 Common and better Red Oak 



8 cars 4/4 No. 2 Common Red Oak 

 All band sawn West Virginia stock, excellent widths and lengths 

 and well manufactured 



WE CAN SHIP PROMPTLY 



JOHN HALFPENNY, Inc. 



PHILADELPHIA, PENNSYLVANIA 



New York— Chicago— Seattle 



TIMBER 



National Headquarters for the purchase and 

 sale of timberlands. All branches of timber 

 service. Lacey Reports on stumpage values. 

 Timber securities. Timber loans. Your 

 inquiry will be given immediate attention. 



I JAMES D I I I /^ 



acey | imber( o. 



1750 McCORMlCK BUILDING. CHICAGO 



New York— Chicago— Seattle 



SERVICE 



FIRE INSURANCE SERVICE 

 AND PROTECTION 



Davis Service was organized to furnish to 

 lumbermen in every branch of the trade com- 

 plete and immediate protection for buildings, 

 equipment and stocks. No matter hovf many 

 yards and plants you have, nor where they 

 are located, we can cover you. 



The value of Davis Service consists in the 

 fact that your insurance is placed at one time 

 on all your risks, through one office, which 

 acts as your fire insurance clearing house 

 and insures full coverage everywhere all the 

 time. 



Let our Engineering Department show you 

 how to reduce the cost of your fire insurance. 



Full Coverage, Correct Forms, Lowest Rates 



A. J. DAVIS & CO. 



Specialists in Lumber Fire Insuranc* 



Insurance Exchange, Chicago 



All Three of Us Will Be Benefited if You Mention HARDWOOD RECORD 



