HARDWOOD RECORD 



>iiiil iiiiisi'ivniivi' mi'irliiiiils ilii' |ii't'<llt'ii<iii of n llniuuiiil ocmpiis wllli l(s 

 arms iviuhln!; out fur Inisliu'ss (li'stnii'tlnn fi-U linrinli'ss. Tlu' K>'l-ti>l.'i'll"r. 

 Ilu' iimtiiiil workln;: idspIIiit spirit for tlii> k'ri'iiti'st ko<»\ Is rnmpniit. iinil 

 n iKiiiyiint iulviini'<- is looki'd for hcfor*' llii' pikI of ilii' llrst iiiontli of the 

 WW viiir. Many linns wliosr iiii'iiliil ilii'rmoiiK'tor rlsis or falls nicord- 

 ihi.' lo till' slzi> of till- moniliiK's mail, on ili<- toliillnt.' up of cn-dit nnil 

 • li'lilt aciniiiits for tlu- wlioli' yiMir. nr<- ohIlKi'd to adiiilt tlial tlii' sliowint; 

 of l!ii:; has (rivi'ii auri'i-alilr siirprlsi'. Tlw liaidwood slmallon l)otli ai 

 mill ami si'IIIdk I'lid Is In vrry Kood sliaiic. Wlmli-vfr shading tlu'ri' Is in 

 fi-rlnin woods is traocahlt' to only natural t-ondllions. Slocks, liowovfr. 

 In till' ronsumi'r's innrkot tliroiiKh tin' consrrvatlvi' IniyInK durlns lin' 

 last f«'vv niontlis. arr below normal and ualnrally will need roph'nisliinir 

 li.'foif long. and. as tlu> mill .yards arc not Imrdcni'd with an overplus 

 slock, the lirsl rush for goods will sec an n|iward tri'nd In values all 

 alon;; the line. As Ihoro are a nninhcr of c(^nccrns which, in order to 

 rednce their own stock before takin;; inventories, have made concessions, 

 the quotations at tbis time would not lie a fair showlns of the actual 

 >iatus of values. 



=■< PITTSBURGH >■= 



ill 



■ihvnod men 



n1i: 



lake iidv 



:lt:l^r of tie- 



rise in market prici's than now. Stocks are low and yel lumlier can l>e 

 boufrht from the mills in i>rett.v jiotid sui)i>l.v if for spring delivery. Nearly 

 all the hartiwood mills in tri-state ti-rritor.v are working iiractically full 

 handed. .Manufn<'tnriMs wlio use hardwood have very little stock on liand. 

 There is a feelini; all around that linsiness will he liettir, especially if the 

 railroads get their advan«-e In freight rates and this means that the 

 hardw.Mid iri.n :irr -..ing to come in for a harvest. 



■< BALTIMORE >= 



For tlh- pri'srnt (here i: 

 which, in conininn with ot 

 Hnrncos inoldontnl to tho 

 pi'ovnUs. hut this is to be 

 sn far as prices and other 



! little to hr said aliout tho hardwood trade. 

 her activities, is affected by the divertiu^ in- 

 be^inninj; <*( a new year. rronounoed (juiet 

 'xpe<-ted, and has not affected tlie situation in 

 ,'eneral conditions are concerned, though it ha^i 

 of course a very decided Induence upon the movement. During the past 

 week or two some orders havf come in. but the airgregatc was not at all 

 impressive, the manufacturers as well as the dejilers and consumers de 

 siring to I<no\v Just when they stood before they undertook to engage 

 In new commitmcnis. Now tliat this work incidental to the close of tin 

 year is alniost. if n()t entirely, out of the way, the demand may be ix 

 pected to pick nil and regain its normal volume. Indicatimis cnncerning 

 the miM-e immediate future are entirely reassuring. 



A fairly active interest is being shown in the foreign trade. Ituyers 

 on the other side of the Atlantic are not sn engrossed with the holiday 

 spirit, apparently, as Is the case in this country, and numerous incjuiries 

 from them are oeing receded. In fact, the foreign luovement is raising 

 some agreeable expectations, and exporters express themselves as very 

 hopeful over it. The demand covers practicall.v the entire range of woods, 

 and is of such proportions as to indicate that the stocks on the other 

 Fide had been materially reduced. As for the domestic business, it still 

 shows the effect of the holidays, though members of the trade generally 

 are getting ;)ack tit the ordinary business. The shrinkage In tho move- 

 ment was of course expected, and occasioned no surprise, nor was it 

 allowed to affect values in any appreciable degree. The easing off in 

 common chestnut and common poplar is yet in I'vidence. but the rest of 

 the list is fpiite firm and uiny in- sjii«l even to show a hardening tendency, 

 although so far there h:i< t>een im inir opiHirlnnity lo test the strength 

 of the market. 



When stock taking and other similar matters have l>een finally disposed 

 of and when the ordinary demand reasserts itself it will be seen to whnt 

 extent lumber is reflecting the improved feeling that may be said to 

 prevail. Stocks are unusually light at points of production as well as 

 elsewhere. Little would be riMpiired to bring on a positive scarcity, and 

 in the event of unfavorable weather- such as would compel the ndlls to 

 shut down for any length of time- a marked advan<*e in the quotations 

 could be limked f<»r. Despite the easing off in the (luotations noted in 

 the last fi'W months, the mills did not accumulate lumber in any con- 

 siderable quantities; in other words, the recession in some of the prices 

 was due not to heav.v oflTerinirs of lumber, but to a slackening in the 

 demand owing to obvious causes. With the removal of these causes and 

 n setting liiick to anything liki- the conditions that are to be looked for. 

 the movement will be greatly augmi'nled. and the effect of the limitation 

 upon Ilu' off.-rings will be disclosed. This effect. It Is thouL'bt. will be a 



ided i-i- 



=-< COLUMBUS y- 



r>esplte the dullness attending the holiday Reason, tile hardwood trade- 

 in Columbus and central flhio has been fairly active during the past 



fortnight. Demand has I n i>reity well distributed am<mg thi- various 



grades and varieties, and tiU' movement Is all that could be e.-cin'cted 

 under thi' circumstances. Tlu' gi'neral business depression which |ire 

 vails will undoubtedly affect the hardwood trade, but to the priscni tine- 

 no serious cITi ct is noted. 



The demand on the part of factories Is (he best Ic-atnre r.f tie irnd.- 

 While a number of factories closed down for Inventorbs. most oi ilimi 

 are resuming i.p.-ral Ions. I'.iiving on Ihc- pari of factories Is e.xpecl.-cl t.i 



We offer the following stock of our own 

 production, from good logs. Consists of 

 good widths and lengths. Is band sawn 

 and carefully edged and trimmed. 



Quartered White Oak 



4 4" Ists & 2nd8 45,000 ft. 



4 4" No. 1 Common 25,000 ft. 



5 4" No. 1 Common 16,000 ft. 



6 4" Ists & 2nds 5,000 ft. 



6/4" No. 1 Common 15,000 ft. 



8 4' Ists & 2nds 10,000 ft. 



8 4 No. 1 Common 10,000 ft. 



Plain White Oak 



4 4" Ists & 2nds 2,000 ft. 



4 4' No. 1 Common 350,000 ft. 



4 4" No. 2 Common 65,000 ft. 



5 4" No. 1 Common 35,000 ft. 



Plain Red Oak 



4/4" Ists & 2nds 250,000 ft. 



4/4" No. 1 Common 250,000 ft. 



4/4" No. 2 Common 125,000 ft. 



5/4" Ists & 2nds 35,000 ft. 



5 '4" No. 1 Common 25,000 ft. 



5 4" No. 2 Common 10,000 ft. 



Mixed White and Red Oak 



4 4" No. 3 Common 245,000 ft. 



Red Gum 



4/4 " Ists & 2nds 75,000 ft. 



4/4" No. 1 Common 350,000 ft. 



5/4' Ists & 2nds 17,000 ft. 



5 4" No. 1 Common 200,000 ft. 



6/4" Ists & 2nds 100,000 ft. 



6/4 " No. 1 Common 60,000 ft. 



8/4" Ists & 2nds 39,000 ft. 



8/4" No. 1 Common 75,000 ft. 



Sap Gum 



4 4" Ists & 2nds 75,000 ft. 



5 4" Ists & 2nds 50,000 ft. 



Cottonwood 



3/4" Ists & 2nds, 6" & up 60,000 ft. 



4 4" Ists & 2nds, 6"-12" 250,000 ft. 



4/4" Ists & 2nds, 13" & up 150,000 ft. 



4 4" Box Boards, 9"-12" 85,000 ft. 



4 4" Box Boards, 13"-17" 250,000 ft. 



Cypress 



4 4" 1st & 2nds 18,000 ft. 



44" No. 1 Shop 83,000 ft. 



4/4" No. 1 Shop & Better 14,000 ft. 



6/4" Selects 35,000 ft. 



8 4" No. 1 Shop & Better 45,000 ft. 



Elm 



12 4" No. 2 Common & Better 350,000 ft. 



PAEPCKE LEICHT LUMBER COMPANY 



GENERAL OFFICES CHICAGO. ILLINOIS 



