56 



HARDWOOD RECORD 



October 23. 1921 



JACKSON & TINDLE 



INCORPORATED 



Sales Office 

 GRAND RAPIDS, MICH. 



Main Office 

 BUFFALO, N. Y. 



Complete stock of 

 Dry Northern Hardwoods 



HARD MAPLE 

 SOFT MAPLE 

 BAS8WOOD 



BEBCH 



BEECH 



ELM 



UP-TO-DATE BAND MILLS Now OPERAT- 

 ING at PELLSTON and MUNISING. MICH. 



For Better Service 



The Chapman & Dewey Lumber Co., after thirty- 

 four years in Kansas City, Mo., announces the re- 

 moval of the main offices of the company to the 

 Bank of Commerce Building in Memphis, Tenn. 

 The Memphis office will be in touch, by long 

 distance telephone, with our yards and mills at 

 Marked Tree, Arkansas. Our stock of 15,000,000 

 feet of Southern Hardwoods will be immediately 

 available to fill your requirements. 



Ch 



apman 



& D 



ewey 



Libr. Co. 



Main Office, Bank of Commerce Bldg., Memphis, Teiin. 



W. C. Dewev, Pres. W. B. Chapmaii, Vice-Pres. 



H. C. Dewey, Trcas. A. Smith, Sales-Manager. 



District Sales Office, 500 Rialto Bldg., Kansas City, Mo. 



STRABLE 

 Lumber & Salt Company 



SAGINAW, MICHIGAN 



Manufacturers 



Hardwood Lumber, Maple Flooring 



ALL GRADES AND THICKNESSES 



MODERN DRY-KILNS AND PLANING MILL 

 Insist upon 



Wolverine Maple Flooring 



"Best by Test" 



;^rMS/F,S Maple, Birch. Basswood. Elm, Beech 



The Tegge Lumber Co. 



High Grade 



Northern and Southern 



Hardwoods and Mahogany 



Specialties 



OAK, MAPLE, CYPRESS, POPLAR 

 Milwaukee, Wisconsin 



the luisinpss increasing, while those who helieve in better values are 

 iloing very little. Building operations have shown no noticeable increase, 

 although an improvement is looked for in this industr.v as a result o£ the 

 settlement of the wage question between the contractors and the building 

 trades employes. An arbitrator who was selected to settle the controversy 

 cut the wages of all the trades 12 per cent. 



INDIANAPOLIS 



Demand is showing an increase, due largely to the fact that some of the 

 large furniture factories are increasing their output. Sales managers of 

 both Indianapolis and Shelbyville report an increase in business and the 

 tone is good, notwithstanding the fact that a railroad strike threatens 

 to cut off both supply and demand. The strike is being taken rather 

 lightly here even though the industries would be almost without trans- 

 portation resources in event of a strike. The truck would be all right 

 for the short haul, but virtually all the industries have a nationwide 

 distribution and trucks would make the rate so high as to be prohibitive. 

 Prices are fairly staple. This is more true in the retail trade than in the 

 industrials. The distriljutors here say the industrials are shopping around 

 a great deal in order to get the best price available, while, because of the 

 continued construction work here, and low stocks held Vty retailers, they 

 are not so particular. What they need mostly are stocks. Box factories 

 report better demand because of a general increase in all lines of industry. 



EVANSVILLE 



There has been a marked improvement in the trade situation with the 

 hardwood lumber manufacturers of Evansville and southern Indiana during 

 the past ten days or two weeks and g-enoral trade conditions are setting 

 lietter right along, according to the manufacturers, who believe that their 

 trade will continue good the balance of the year. They say that there may 

 be a dropping off in trade along after the first of the new year, but that 

 the dullness will be of short duration and that by the first of next March 

 trade ought to be a whole lot better. Both orders and inquiries have in- 

 creased during the past month and prices are tending upward and this has 

 caused more buying, thus demonstrating the old saying that people buy on 

 a rising market and never on a declining market. Collections are holding 

 their own very well and are in fact improving. Mills in this section are 

 being operated more steadily than they have for some time past. Logs are 

 coming in freely both from southern logging centers and from points along 

 Green and Barren rivers in western Kentucky. Wood consuming plants in 

 Evansville are being operated on an average of 50 hours a week and in 

 some instances the factories are running as high as 54 hours a week. The 

 furniture manufacturers have been In the market for more lumber and 

 some of them have l>een buying liberally. Desk, chair and talde manufac- 

 turers, along with furniture manufacturers, say that the trade outlook is 

 better than it has been for a long time and that they are looking for a 

 good trade during the next six months. 



MEMPHIS 



Demand for hardwood lumber is slowly but steadily expanding and 

 prices are just as surely working higher. The greatest increase in 

 demand has been in the case of No. 1 common and better and the great- 

 est advance in prices has been in the same grades. The fact remains, 

 how'ever, that there is more call for Nos. 2 and 3 common than at any 

 time during the past year and that, while little advance has occurred in 

 the latter, the tone thereon is distinctly better. Indeed, it is quite appar- 

 ent that demand is extending to the lower grades because of the de- 

 creasing supply of Xo. 1 comnum just as the lessened offerings of firsts 

 and seconds several months ago cavised liuyers to turn from these grades 

 to No. 1 common. It is seemingly a question of offerings and of rela- 

 tive prices. It is conservatively estimated that first and seconds and 

 No. 1 common in oak. gum and cottonwood have advanced from $5 to 

 $10 a thousand while the advance in Nos. 2 and 3 common has not 

 been more than $1 to $2 per thousand if that much. Thus it will be seen 

 that from the standpoint of prices, the Nos. 2 and 3 common are rela- 

 tively much cheaper than No. 1 common. So far as offerings are con- 

 cerned, it may be noted that there is a very pronounced shortage of 

 Xo. 1 common in plain white oak and idain red gum. There is a better 

 supply of No. 1 common plain red oak and plain sap gum but heavy 

 inroads have been made on these through the buying of the past several 

 weeks and offerings are much lighter than in September. 



In firsts and seconds there is a very great scarcity of plain and quar- 

 tered red and white oak, plain and quartered red gum, cypress and cotton 

 wood. Demand for all of these is good. Ash appears to be lagging 

 somewhat, but is both firmer and higher than a short time ago. 



Furniture manufacturers are l»uying with somewhat greater freedom. 

 the purchases being mainly in oak and gum, both plain and (piartor sawn. 

 Flooring manufacturers are taking Xo. 1 and No. 2 common plain white 

 and red oak in as liberal quantities as possible. Box manufacturers are 

 absorbing Nos. 2 and 3 common cottonwood and gum in a larger way and 

 there is also a better demand from miscellaneous consumers. One man- 

 ufacturer of sanitary equipment has an inquiry out for 1,000,000 feet 

 of Xo. 3 common oak for delivery during the remainder of the present 

 year. 



Perhapa the most striking feature of the southern hardwood situation 

 lies in the fact that the market has changed within the past two or three 



