54 



HARDWOOD RECORD 



W A N T E D 



All Kinds of High-Grade 



HARDWOODS 



S. E. SLAYMAKER & CO. 



Rrpresenling 



niJST VIRGINIA SPKUCE LUMBER CO., 



Casa, West Virginia. 



Fifth Avenue Building, 

 NEW YORK 



Mutual Fire Insurance 



Best Indemnity at Lowest Net Cost 

 Can Be Obtained From 



The Lumber Mutual Fire Insurance Company, 

 The Lumbermen's Mutual Insurance Company, 



Boston, Mass. 



Mansfield, Ohio. 



$126,000.00 



In Savings DIVIDENDS Returned 

 This Year to Policy Carriers of 



The Lumbermen's 

 Underwriting Alliance 



Possibly there is no good reason why 

 YOU were not among these beneficiaries. 

 If it is a matter of eligibility, and you 

 feel that your plant does not at present 

 comply with all requirements, confer 

 with us anyway. Let us see if it cannot 

 be brought up to an acceptable standard 

 at no greater cost than will be justified 

 by the prospective saving on insurance 

 rates. 



U. S. Epperson & Company 



Attorney and Manager 



1101 R. A. LONG BLDG. 



KANSAS CITY 



=-< LOUISVILLE y- 



Si.Hklakiii;; 1ms ki-pl .verj l".ii.\ iii ihi^ liarciw.Hul Ini.siu.-ss Ims.v ilurias! 

 he past li'w (la.vs. and lias likiwisc iutiili'icd with Uif niDVcini'Ut of 

 iimiier, as buyi'rs liavi' of rom'S'j been enKaKi'fl in the same task. With 

 his work complotod ami 1!)1.'> llguros a matter of lilstoiy. liowi'vei'. it is 

 .\|)i'ctc(l lliat linsiness will sliow a mai'kpd ImproviMncnl. Stocks in tlie 

 lands of usofs of luinhei- aiv light, and as there Is a relatively small 

 iipply of lumber cm slicks, as well as of logs, the situation generally is 

 iivoralpii' to a strong nwirket. General Imsine.ss conditions appear to have 

 tiipiiiv.ii iniisideralily, and this shcjuld encouraRc manufacturers to go 

 lirMcl .irid plan llieir year's work on a normal basis. The movement of 

 iinilier (luring the past two weeks has been smaller than h.'retofori-. bin 

 Ikmii normal for the season. .\ good many shipments wi're made which 

 ,r. iM.ciked some lime ago for delivery after the first of Ihc- year. Ilard- 



ill\ 



ion 111 ]>ri 

 illing to pi 



111 pi 



fiiiiiiil III 

 •ins r.ir i 



=-< ST. LOUIS >-- 



liusiiiess has been very qniei liuririi; 

 iveling men are all in eii.io.\iiig the li 

 ilsting iu stock taking. This lias liee 

 tlio distribulors and the consumers. 



le diiriu'; llle pasi year liave not be 

 iH- tliji liii~iii.s^ li.iv Tint I n quitp 



I.iisl eniiple .if Wi^eks. The 



lida.\ season at their homes and 

 going on for several days, both 

 Wliile the figurt's as to business 

 n compiled, enough is known to 

 o bad as was expected. In fact - 

 ■iii'^ lMi>iii.'-^ will >lic,\v ii|i pretty well, considering the conditions 

 lavr e.\islril. Tile |;r<ispects for thc yi'Hr .iiist beginning are quite 

 ble as stocks ar" low in the yards of both retailers and consumers 

 uying must .soon commence. The cypress situation is QUiet. The 

 slate of affairs will likely prc'vail with tlie cypnws jieople as with 

 lier IiiirdwiMid interests. Tlie outlook is ipiite encouraging, owing 

 liulil sicks held bv retailers and consumers. 



=•< ARKANSAS >= 



riM- (l.-nh'rs in oak at this male ar.- liiniiiii; Ilir marki-t ;;ood. While 

 iln'ii' is consid('ral)lo coniplaiiiinf; anion;; Inmbcrnicn in fioncral. and espe- 

 'ially among those doini; business in eastern Arkansas, because of the 

 slack ('<indition of the market, the market for oak timber is stiU strong. 

 It is said that oak sawed material has ni'ver brought tlie prices it is 

 bringing at prest^nt. The market on other items, such as gum, is a little 

 off at pr''sent. but the strong market for oak more than makes up the 

 differrnc- ariKKig tb. awia-c lKU«l\v<.nd iiKUitifa.-liir.-is, 



=•< MILWAUKEE y 



: the yi-ar .hist closed showed a 

 ■ceding two years is the belief 

 .mall amount of stock work has 

 larger manufacturers, who. to 

 reijuire large stock runs. The 



'I'liat the local millwork situation duri 

 marked improvement over that of the p 

 of local manufacturers in that line. The 

 been a disappointment, especially to tli 

 operate advantageously and economically 

 odd and special work, however, has kept them tiperating almost full ca- 

 pacity. Still further improvement is looked for during the coming .year. 



Manufacturers say that conditions in tiie general lumlter trade were 

 very satisfactory during the early part of the year, a result of the active 

 building operations. Tile stringency experienced in the money market 

 later in the year, resulting in a scarcity of capital and a hi,gh rate of 

 interest, curtailed building operations somewhat during the last two 

 mimths of the year. The natural result of this situation would seem lo 

 be that considerable business will be carried over into 1914. 



Manufacturers and general consumers of hardwood an' still busy with 

 their annual inventories and this is expected to curtail business for a 

 time. Wholesalers believe that Inlying will become more active during tlie 

 latter jiart of the present month. Stocks in the hands of dealers and 

 the general fai-tory consumin.g trade are light, as most of these people 

 have been buying mainly to satisfy their immediate wants. The available 

 supply of dry stocks Is far from being large and wholesalers are endeavor- 

 ing to impress upon Imy.'rs the fai-1 that prices are certain to go higher. 

 Kesults of this .ampaii:!! are seen in llie increase in Iniilliries which are 

 lieing received. 



There seems to he liltle doubt but that the log output in northern 

 Wisconsin and Michigan will be di'creased this season, due to the unusu- 

 ally mild weather which has prevailed. This is another reason for a 

 probable shortage of northern stocks next spring. Most lumber manu- 

 facturing concerns have been making improvements to their sawmills, so 

 ibal they may be placi'd in operation .iust as soon as a sulticient log supply 

 is received. Many men have been thrown out of work in the lumber 

 country because of the mild weather. The situation Is said to have been 

 madi' worse by the fact that some Chicago employment bureaus have been 

 sending men Into the Wisconsin woods to work, without any consideration 

 as to whether there was any work for them to do. 



'I'he total building investment in Slilwaukee during lOi:! amounted to 

 about .f i:!,-l,")(I.OO(). but in addition to this sum. two buildings were erected 

 during the year at a cost of .$3,800,000, for which permits were issued 

 during iniL'. lint on which the work was done this year. 



During the first eleven months of the past year total lumber receipts 

 in Milwaukee amounted to, 1!><2, 747,000 feet, comprising 2;17, 829,000 by 

 rail and 44,918,000 by water. Total lumber shipments are reported at 

 7.-.i-.l!i.iMMi feet (hiiiiig llle same period, including L'l .:!77,oii(i feet by rail 

 and .-.t.-J4L'.iili(i bv water. 



