Novcmher 10. lUlil 



HARDWOOD RECORD 



57 



the year. There is no doolit that .stocks of high gr;ulo American wooils 

 In all of the United Kingdom ports are badly broken and with improved 

 conditions must be replenished. The market for mahogany is improving. 

 Late auction sales were well attended and bidding for various parcels was 

 animated. Practically all of the mahogany offered was sold. The stave 

 trade is extremely dull. It is n-ported that at no time less has been done 

 In staves than at present. SliiimientB of staves in 1920 were large and 

 much of the stocks of last year are still on hand. 



"Export trade with the continental importers appears to be practically 

 hopeless at the present time. The Helgian and Dutch markets are more 

 or less flooded with Austrian and Slavonian oak. In pre-war times tiermanv 

 was a good market tor American exporters, and that country would be a 

 good markit now if the people had money. The rate of exchange, howeviT. 

 Is so ruinously low that it precludes practically all business with Germany 

 at this time." 



PHILADELPHIA 



The rush of orders, which caiin' l;i:st inuuth, is begiuning to recedr. The 

 last two weeks has shown ji tendenry to conservatism in buying doubtless 

 brought about through the higher prices which went into effect wheu the 

 rush began. At the same time, however, chestnut has advanced approx- 

 imately $5, oak and poplar have made slight increases and the remainder 

 of the marltet held the previous gains. Lower grade flooring has been 

 more active, due to the increase in building in the city and adjacent 

 leiTitory. 



While buying has not been as brisk, a healthy tone pervades the entire 

 field and a fine optimism is found among the largest dealers. The dealers 

 are catching up on their orders and the small dealers are finding a com- 

 fortable business as compared with the long, lean months of last winter 

 and early spring. Two of the largest dealers in this territory give iden- 

 tical opinions of the market. They say that they do not want to see 

 hardwoods sharply advance. They feel that the advances alreiidy 

 recordea have been a deterrent to the market and they want a healthy 

 condition to prevail. One of these dealers said he felt that no more sharp 

 advances would be forthconung and he looked for an even flow of business 

 throughout the winter with something like normal business appearini; 

 In the spring. 



Most of the orders being placed todaj* are for stock. The small yards 

 have virtually depleted their reserve and much of the present stock is 

 finding its way into the piles. It must be said, however, that industrial 

 buying has improved greatly, the car trade showing a marked improvement. 



"We have just witnessed a spurt in Inisiness," said one of the most 

 influential men in the hardwood business in this city." We do not look 

 for many changes in price. We do not want to see them. We must go 

 along with the business as it stands and not try to force orders or prices. 

 Let conditions right themselves and by spring we will see some real busi- 

 ness forthcoming." 



The general building situation in Philadelphia has greatly improved. 

 September was the best month reported by the bureau of building inspec- 

 tion in the past ten years. The boom in lumber has been principally in 

 the soft woods but the hardwoods have been somewhat influenced by these 

 improved conditions. It must be said, however, that the best business 

 has been coming from territory outside the city. In Philadelphia. 1.2S5 

 permits were issued for house construction representing $5,533,225. The 

 nearest approach to this figure is ^4.8-10,005. 



Collections are reported as fair. 



COLUMBUS 



There is a decided improvement in the hardwood trade which is notice- 

 able in all sections. Buying on the part of both retailers and factories 

 is more active and the market is now definitely on the upgrade. The tone 

 has improved materially and practically all of the pessimism has passed 

 away and lumbermen generally are looking into the future with more 

 confidence. 



Retailers are buying rather freely. Their stocks are not large and In 

 many cases they are badly broken. With prices on the upgrade dealers are 

 anxious to buy before higher (juotations prevail. Orders for higher an*! 

 medium grades are being received and shipments are coming out promptly. 

 There is a growing scarcity of the higher. grades, and that has the effect 

 of switching the demand to the medium grades. 



Factories making furniture, c-askets, boxes and automobiles are buying 

 briskly. These concerns have confidence in the future and are stocking up. 

 Railroads are also showing an in<'lination to enter the market before prices 

 go much higher. 



Scarcity of the better grades, coupled with the increasing demand, have 

 resulted in higher price levels and more steadiness. Extreme low prices 

 are now a thing of the past and every change is towards higher levels. 

 Oak, poplar and chestnut are moving well, especially in the better and 

 medium grades. 



CLEVELAND 



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1 Plain & Qtd. Red & White \ 



OAK 



Even 



Soft 



= Color AND OTHER Texture = 

 I HARDWOODS | 



I SofiL Yellow Poplar I 



MADE (MR) RIGHT 



I OAK FLOORING | 



I PROMPT SHIPMENTS | 



[ The MOWBRAY [ 



i & ROBINSON CO. I 



2 ( I NCOBPOB ATE D ) = 



I CINCINNATI, OHIO | 



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Gradual increase In prices locally In hardwoods continues. Additional 

 increases during the fortnight make for rises averaging 20 per cent. This 

 Arming tendency is indicateil largely in the better grades of material, and 

 particularly in interior finish. Hooting and the like for building purposes. 



Care All the Way 

 Through 



^" 



For years this firm has operated on a 

 soUd basis of conservatism. Care has 

 characterized its every department. In 

 log selection only the best is accepted ; 

 in manufacturing, quality outweighs 

 quantity. 



Soft textured oak ideal for good furni- 

 ture, splendid walnut, a fine stock of 

 poplar, chestnut, gum, hickory, maple, 

 elm, Cottonwood, beech and quartered 

 sycamore make available to any line of 

 woodworking a thoroughly reliable source 

 of raw material. 



Quick shipment, domestic or export, 

 straight or mixed cars, all N. H. L. A. 

 grades. 



Try Stimson the Next Time 



J. V. Stimson & Co. 



Manufacturers of Fine Hardwoods 



OWENSBORO KENTUCKY 



