44 



HARDWOOD RECORD 



April 10, 1919 



ASH 



We manufacture a splendid quality of White, firm 

 textured, Louisiana ASH, in thicknesses 1 to 3 inch. 



Sound, Square-Edge Oak Plank 

 TIMBERS 



ALSO 



Gum Cottonwood Elm Pecan 



WIDTHS, LENGTHS AND GRADES TO PLEASE 



Pelican Lumber Company 



MOUND, LOUISIANA 



wood consuming factories here are being operated on steady time. Fur- 

 niture and (iinir manufacturers report that indications point to a good 

 live trade in the t<outh and Southwest. Veneer manufacturers are report- 

 ing an activ trade and some of the mills are getting about all the orders 

 that they can handle promptly. Building operations are picking up nicely. 

 There is a great deal of remodeling and repairing of old property here. 



INDIANAPOLIS 



Hardwood stock is not moving fast in this vicinity and prices are hold- 

 ing steady. Dealers report steady inquiries for hardwoods and the volume 

 of smaller business is maintaining the market in a satisfactory condition. 

 Unusually slow deliveries of logs is one of the principal factors in holding 

 prices, and there is no immediate prospect of an improvement in log de- 

 liveries. The mildest winter in Indiana for many years kept the woods 

 too wet for logging operations following a year when war conditions made 

 it impossible to meet the demand for logs at any time. Building material 

 men continue in the opinion there will be little or no reduction in prices, 

 but a state wide "own a home" campaign, with public building projects 

 amounting to more than $9,000,000, already is creating a very favorable 

 condition and promises to bring a big building business for 1919. Gover- 

 nor James P. Goodrich issued a statement this week based On reports from 

 the state council of defense, saying that Indiana's 1919 building program 

 win amount to more than $20,000,000. 



MEMPHIS 



Owing to the shortage of logs and the reduced output and owing to 

 the increased rate at which hardwood lumber is being sold and shipped, 

 stocks are showing further decrease in southern hardwoods. This applies 

 to practically all items, and yard and mill holdings are reported very much 

 broken. The greatest shortage is in quarter sawn white oak, quartered red 

 gum and No. 1 common Cottonwood. Demand for all the.se is excellent and 

 offerings are quite restricted as measured by the demand therefor. There 

 is also a notable shortage of No. 1 common gum, which is wanted in large 

 quantities by box manufacturers and other interests. Cypress is coming 

 into increased prominence and constitutes one of the items moving vrith 

 much greater rapidity than recently. Log run elm, too, is much wanted 

 and quite a bit of this is moving. Ash is in very good demand for No. 2 

 common and better and occupies a quite healthy position. 



Prices are generally well maintained. There is a tendency in some 

 quarters to make concessions for the purpose of moving stock immediately. 

 But those pursuing this policy appear to be in a hopeless minority. The 

 majority are cither holding prices at the recent current level or are 

 actually advancing them because of the improving demand and because Of 

 the growing scarcity of stock. Sales and shipments are measurably larger 

 than the quantity of lumber going on sticks and it is expected that the 

 tendency of stocks to grow less will continue a pronounced feature of the 

 situation for an almost indefinite period, certainly until logging conditions 

 have vastly improved and there has been a heavy increase in the quantity 

 of timber available for the mills. Hardwood manufacturers generally are 

 emphasizing the fact that labor and other cost elements are still quite high 

 and that this fact, coupled with the scarcity of logs and the very poor 

 outlook for an adequate supply of timber, makes any cutting of prices not 

 only unnecessary but actually foolish. They also point out that, if lumber 

 is sold at concessions now, it cannot be replaced without involving actual 

 loss and this is just what the majority are seeking to avoid. 



"There are more buyers in the market now than at any time since the 

 armistice was signed," said a prominent millman recently. "They have 

 heard of so much shortage of stocks that they are coming down to make 

 an investigation. What they are learning about the shortage of supplies, 

 both actual and prospective, is convincing them of the wisdom of acting 

 quickly. As a result, sales are being made on a constantly increasing 

 scale and there is less quibbling on the subject of prices than heretofore. 

 We are actually advancing ours." 



The Tegge Lumber Col 



High Grade 



Northern and Southern 



Hardwoods and Mahogany 



Specialties 



OAK, MAPLE, CYPRESS, POPLAR 

 Milwaukee,,r Wisconsin 



NASHVILLE 



Hardwoods along the Cumberland hold their own. Spring and summer 

 building prospects here are fair. It is thought the powder plant at Had- 

 ley's Bend will be used for an arsenal or some large utility. The trade 

 in first class oak, poplar, cedar products and walnut is fairly active. 

 .\long the Cumberland river spring rains are bringing in some logs that 

 were quite scarce for awhile. Dimension stock, box industries and hard- 

 wood flooring are active. Business in the smaller cities is brisk. New 

 residences, hotels, schools, churches and some business institutions por- 

 tend activity. 



LOUISVILLE 



Prices are strong to stronger and demand for hardwoods generally 

 good. Production in the far South has been very low, due to wet woods, 

 high and scarce logs, and with the southern mills operating on a slow 

 bell, such mills as have been able to run full have been able to sell produc- 

 tion. The demand is fpr almost all grades and thicknesses in every wood, 

 a little of everything selling. Poplar is one of the very best bets on the 

 market, while plain and quartered oak are in very heavy demand, and BO- 

 scarce that some of the manufacturers are Jobbing stock to cover orders. 

 Hickory and ash are very good, and gum is picking up. Box boards are 

 in good demand In gum, while hickory is moving to the bending plants,, 

 and ash is in demand from the auto trade. Furniture demand is fair, but 



