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HARDWOOD RECORD 



December 10. 1821 



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CLARENCE BOYLE 



INCORPOKATED 



ESTABLISHED 1850 INCORPORATED 1913 



MANUFACTURERS 

 AND WHOLESALERS 



Southern Hardwoods 

 and Cypress 



1205 Lumber Exchange Building 



BAND SAW MILLS 



WILDSVILLE. LA. ATLANTIC BEACH. FLA. MERIDIAN. MISS. 



out the South, The consensus of opinion of leading hardwood people 

 of the secetion is to the effect that most of the regular customers, who 

 have shown a let-up in purchasing within the past week or so. are iloiug 

 this for the reason that they prefer not to take on new supplies during 

 their inventorying period. In fact, some of the orders received now 

 specify that deliveries are not to be made until after the first of the year 

 and it is generally regarded that a general revival of purchasing activi- 

 ties will be corameoced immediately following the advent of the approach- 

 ing new year. 



Heavy rains throughout the southern belt within the past fortnight 

 have affected adversely logging operations and it is generally feared that 

 the shortage of logs at the mills during the inclement winter months is 

 most likely to develop into a real famine. Not a few mills, it is appre- 

 hended, may be compelled even to close down for want of logs upon which 

 to operate ere next spring. 



Tupelo has taken a new lease on life and among other items for whicli 

 there is still considerable demand and upon which prices continue to nose 

 upward may be mentioned magnolia, Cottonwood, red gum, ash and white 

 and red oak. The lower grades are in a better position than for some 

 months past, due to the increasing scarcity of the uppers. There still 

 remains, however, tremendous room for improvement for everything below 

 No. 2 common in practically all varieties. 



LOUISVILLE 



The locnl hardwood market is feeling the effect of the late season, and 

 the inventor>' period, demand having slumped somewhat, hut prices are 

 firm. It is reported that high grades are very scarce, and that with 

 mills closing down until spring shortage will be more severe in January. 

 However, it is believed that shortly after the first of the year more hard- 

 wood mills will bo operating than for some time past, but it will be some 

 little time before they will have much dry stock to offer. There is some 

 danger, of course, of the present high water in the South holding back 

 lodging, and preventing the mills from getting an early start. Some of 

 the local hardwood men believe V.Vl'l will be a big year, while others are 

 anticipating a slump in June or July. Prices as a whole are very finu. 

 and while demand is not as good as it has been It is fair, and looks mighty 

 big alongside of that of last spring. Walnut is especially good, while 

 mahogany and oak are fair, gum having been strong for some time. 

 Veneers are fair, but business is spotted and prices weak. 



ST. LOUIS 



The market in St. Louis is moving along at the usual end of the year 

 pace, not much doing in sales and no changes in prices. Furniture people 

 are buying little, automobile manufacturers doing very little. All in all 

 it may be said of the market that it is about where it was two or three 

 weeks ago. 



The Federal Keserve Hank's statement says of the industry, "Increased 

 foreign demand for hardwoods has been simultaneous with a much better 

 domestic movement. Furniture factories and flooring mills have been in 

 the market with heavy requirements. The upper grades of oak and gum, 

 the principal commercial woods of the Southwest, are in very active de- 

 mand at substantial advances in prices. There has also been a great 

 improvement In demand for low grade materials and, in spite of almost 

 prohibitive freight rates, those stocks are now moving at a small profit 

 to the producers." 



TORONTO 



While the purchase of hardwood is not going on in Ontario in any great 

 volume, there is a distinct improvement in the situation and the consuming 

 trade is realizing that it must shortly purchase stock if the factories are 

 to continue to operate. In general, the manufacturers and wholesalers 

 have written off the losses incumbent on previous high costs and specula- 

 tion. It is recognized, however, that the trade still presents its difficulties 

 through the failure of some branches of industry to recognize their share in 

 the absorption of losses and reductions. The implement trade is still slack 

 and building has not yet got liack to its proper plane, due, to some extent, 

 to the refusal of some of the supply concerns to accept reduced prices, and 

 to the attitude of labor in the larger centers. On the other hand, repre- 

 sentatives of Toronto hardwood firms who have been calling on the con- 

 suming trade lately say that the furniture, piano and automobile businesses 

 are in a distinctly better position and the railways are doing more buying. 

 The consuming trade has reduced its hardwood stocks and at the present 

 time are not over supplied. The flooring plants and box plants are gradually 

 absorbing the over supplies of low grade hardwood. Tliere has also been an 

 improvement in the export situation. The only over supply of hardwood at 

 the present time is low-grade and this is not likely to last long as the 

 liuilding situation has about reached the point where it cannot be denied 

 replenished supplies. It Is generally believed that the coming year will 

 show up a market short of supply in practically all kinds of hardwoml in 

 Ontario in the grades of No. 1 common and better. Proposed production 

 this winter will be about twenty -Ave per cent of normal, due, almost entirely 

 to the fact that prices of hardwood today are so low that the producer 

 cannot get a profit. 



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