Iioceiubcr 25, 1921 



HARDWOOD RECORD 



-1/ 



pated. Railroads also are showing a tpntlency to enter the market, and a 

 fair business from that source is expected some time in the spring. 



Retail stocks are only fair and in some Instances rather short anil 

 broken. This presages a good demand after the affairs of the year arc 

 closed «p. 



CINCINNATI 



The approach of the holiday season was forcibly reflected in the hard 

 wood market during the past two weeks by a noticeable decline in the 

 number of orders and infjuiries. The trade in general will not regret 

 the passing of 1921, for to many hardwood dealers it was not profitable 

 and brought about unfavorable conditions which required the deepest con- 

 sideration. Business during the ninjor part of the year was very irregu- 

 lar, one month being fairly good ami the next there not being enough 

 orders to keep prices at one level for any time worth speaking of. 



While the volume of business has been declining the past two weeks, 

 prices have not reflected the let down, and manufacturers ^ay that no 

 price recessions are possible. Lumbermen are generallj' anticipating a 

 price increase in hardwoods, averaging as a whole between 10 and 15 per 

 cent within the next sixty days, while some believe prices will go even 

 higher. 



Exporters are shipping but a fraction of the amount that was moving 

 overseas from this point thirty days ago, hut all signs now point to a 

 revival on an extensive scale after the first of the year. The industrials 

 are not as active as they were, as many are now engaged in inventory 

 work. Furniture manufacturers have failed to keep up the stride they set 

 in November, which from all reports was the largest for 11)21. The move- 

 ment of low grades of hardwoods is small, with the box manufacturers 

 buying most of this material being sold. What orders are being fiUeil 

 now are mostly for oak and gum, especially red gum for home building. 

 Consumers as well as wholesalers regard the outlook for next year's busi- 

 ness as fairly good. 



INDIANAPOLIS 



Although there is a slight decrease in the demand, prices appear to 

 be firm and little change is expected before the first of the year. A 

 gradual increase in demand on the part of the industrials has absorbed 

 some of the seasonal slump in the construction end of the business, but 

 not all, and as a result the sales during the past two weeks show a decline. 

 The furniture factories appear to t»e showing more production in propor- 

 tion than the other wood-working industries. The decline in the demand 

 from the construction interests is not as marked as was expected and 

 there now is certain to be a rather steady call for flooring, interior finish 

 and sash and doors during the winter. Up to the present time the mills 

 have worked at capacity and it is likely they will until the first of the year 

 in order to catch up with back orders and get stock in shape for the 

 coming spring. Box manufacturers here say there is a tendency toward 

 better business, but the increase is certain to be very gradual. The body 

 plants report a decided decrease in business and are looking for little 

 until spring. 



EVANSVILLE 



Although the inventory season is at hand, the hardwood lumber manu- 

 facturers of southern Indiana, southern Illinois and western and northern 

 Kentucky report that their trade is holding up very well and that prices 

 are firm and they look for them to continue that way for some time to 

 come. Collections are holding up fairly well and general business con- 

 ditions are improving right along. Manufacturers say that both orders 

 and inquiries are coming in quite briskly and a good many orders are for 

 delivery during the months of January, February and March of next year. 

 Oak and gum, as well as ash, are in very good demand and stocks in some 

 instances are reported rather low. Logs are coming in only fairly well 

 and the prices are high. Many of the hardwood mills in this section are 

 running only on part time and in some instances they are closed down 

 ■altogether. This year, taken as a whole, has been a fairly good one for 

 the hardwood lumber manufacturers, but they are looking for 1922 to lie 

 a much better year. They say that business in many lines ought to pick 

 up between now and the first of next March, and that by early spring of 

 1922 things ought to be nearer normal than they have been at any time 

 since the close of the world war. Box manufacturers report that they 

 are doing a very nice business, although trade is not nearly normal. 



MEMPHIS 



Orders for hardwood lumber are coming in rather slowly just now. as 

 consuming and distributing interests are disposed to dirninish their buy- 

 ing just before the taking of inventories during the first ten to fifteen 

 days of the new year. The majority of the trade, however, have booked 

 so much business during the past few weeks that they have enough to 

 Iteep their shipping forces pretty well employed until there is a resump- 

 tion of buying after the new year begins. 



Most of the orders now being received are for "filling-in" purposes. 

 There is considerable inquiry for lumber for shipment during 1922, espe- 

 cially in January, February and March. Some firms are disposed to 



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i Plain & Qtd. Red & White I 



OAK 



Even 



Soft 



Color ^yvjD OTHER Texture = 

 HARDWOODS I 



\oh Yellow Poplar [ 



MADE (MR) RIGHT 



I OAK FLOORING | 



I PROMPT SHIPMENTS | 



i The MOWBRAY 1 



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— (IN'COBPOBATED) = 



I CINCINNATI, OHIO | 



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Care All the Way 

 Through 



For years this firm has operated on a 

 solid 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 



