46 



Hardwood Record — Veneer & Panel Section 



No 



vember 



10, 1921 



Vcnccr Manufacturers Co. 



A nnounce77ie7i t ! 



We're Handling Panels Now! 



In addition to our wonderful line of 



Figured and Plain Veneer 



\\'e will handle hiyh "rade huilt-u 



1' 



PANELS! 



W'e take pleasure in announcing the consoli- 

 dation of our business with that of 



Mr. H. F. Arneman 



By the terms of which Air. Arneman l)ecomes 

 an of^cer of the 



VENEER MANUFACTURERS GO. 



An immense stock of VENEERS and PLYWOOD 



carried in our great Chicago warehouse 

 Best Quality, Best Service and Fair Prices 



1036 West 37th Street, Chicago. U. S. A. 



YOU WILL not 

 appreciate the 

 Mengel grade and 

 the Mengel serv- 

 ice until you have 

 tried "something 

 just as good." But 

 will you not taJ^e 

 our word for it? 



HE Fttl^lGlL LOM^^IY 



INCORPORATED 



Louisville. Ky. 



THE PAST AND PRESENT IN MAHOGANY 



Walnut Demand Makes Marked Increase; Operators 

 Complain of Costs 



Information secured from walnut veneer and lumber manu- 

 facturers within the past week indicates a very substantial im- 

 provement in demand for these products. In fact, so marked is 

 this improvement that a greater quantity of walnut was sold dur- 

 ing the first twenty days of October than in any one month during 

 the past nineteen. 



This improvement is chiefly creditable to the general depletion 

 of walnut stocks in the yards of furniture manufacturers, these 

 stocks having touched a lower point in late September than at 

 any time for over a year. During the past several months furni- 

 ture and other manufacturers using walnut have been relying upon 

 quick shipments of mixed car lots to cover their needs. But 

 recently they found themselves in such conditions that when the 

 market began to advance they had to get in and cover for a 

 reasonable period in the future. 



The increase of purchases from British sources has also con- 

 tributed to the improvement. For a time the demand from Eng- 

 land was very low, but buyers who were holding out of the market 

 have now brought about some improvement in their financial con- 

 dition and are again sending orders forward. 



Another influence that cannot be entirely discounted is the 

 Havwke propaganda against misrepresentation of the woods used 

 in furniture. Some manufacturers who were putting out lines of 

 "walnut" furniture and buying little or no walnut have, since this 

 propaganda was launched, bought larger quantities of walnut. 

 This change of policy has, of course, contributed to the increase 

 in demand. 



Manufacturers of walnut lumber and veneers are still very much 

 dissatisfied with their costs as related to the prices they obtain for 

 their products. The bulk of the logs used in the mills must be 

 purchased in the country and shipped to the mills, so that the 

 virtual doubling of the rates on these logs during the past two 

 years has put the cost up to a figure which makes it almost im- 

 possible to operate profitably at present prices. The realization 

 from No. I and 2 common grades, which represents about 70 

 per cent of the product of the log, is so low^ as to w^ipe out the 

 profits which may accrue from the FAS stock. 



Prices and Wages in the British Pianoforte Industry 



The Allied Pianoforte Industries Committee states that after 

 five months of negotiation the employers' and workers* representa- 

 tives have signed a new agreement, which affects, either directly 

 or indirectly, some 10,000 workers. The agreement standardizes 

 conditions, fixes a 47-hour week, and a craftsman's rate of 2 shil- 

 lings per hour. As this rate will remain permanent until the cost 

 of living falls below 100 per cent, it is clear that for a long time 

 to come labor costs are stabilized. The London Times says: "The 

 manufacturers and dealers in the trade have reduced the price of 

 all stock in hand in relation to the new labor costs, writing off 

 the capital loss as a bad debt. It may, therefore, be presumed 

 that the prices that are quoted now for pianos and piano-players 

 are the lowest that can rule for a long time to come, and educa- 

 liional establishments, musical societies and others who have been 

 v/aiting for the necessary fall to occur may be assured that no 



-dvantage will be gained by further delaying purchase." Alfred 



Nutting, clerk in American consulate, London. 



Albert F. Karges, president of the Karges Furniture Company at 

 Evansville, Ind., returned a few days ago from a business trip in 

 the east and reported trade conditions in that section greatly im- 

 proved over six months ago. 



