58 



HARDWOOD RECORD 



Uncemlier 2."!. 11121 



JACKSON & TINDLE 



INCORPORATED 



Sales Office 

 GRAND RAPIDS, MICH. 



Main Office 

 BUFFALO. N.Y. 



Complete stock of 



Dry Northern Hardwoods 



HARD MAPLE BIRCH 



SOFT MAPLE BEECH 



BASSWOOD ELM 



MILLS AT PELLSTON AND MUNISING, MICHIGAN 



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. 



Chapman & Dewey L<l)r. Co. 



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



W. C. Dewfv. Pris. W. B. Chapman. Vice Pr«. 



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



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



STRABLE 

 Lumber & Salt Company 



SAGINAW, MICHIGAN 



Manujacturers 



Hardwood Lumber, Maple Flooring 

 ALL GRADES AND THICKNESSES 



MODERN DRY-KILNS AND PLANING MILL 

 Insist upon 



Wolverine Maple Flooring 



"Best by Test" 



Maple, Birch, Basswood, Elm. Beech 



The sign to follnw 

 for Ms[>Ie Flooring 



The Tegge Lumber Col 



High Crado 



Northern and Southern 



Hardwoods and Mahogany 



Specialties 



OAK, MAPLE, CYPRESS, POPLAR 

 Milwaukee,, Wisconsin 



accept some of this January business, because it is such a short time until 

 delieveries may be made thereon. But there is very little selling for 

 shipment after January. The majority of the trade appears quite willing 

 for consuming and distributing interests to assume whatever risk may be 

 incident to the movement of prices during the next two or three months. 

 The feeling is quite general that there is a large potential demand to be 

 released during the first six months of 1922 and considerable doubt exists 

 as to whether or not this may be taken care of without an appreciable 

 advance in prices. Most producers feel that they have everything to gain 

 and nothing to lose by n'fusing to sell very far ahead and this probably 

 accounts for the fact that tbis forward-delivery business is not meeting' 

 with greater favor. 



Prices remain firm. There has not been the slightest recession in 

 values attendant upon current decreased demand, which is regarded as 

 seasonal. If anything, the tone of the market is better and it will be 

 quite a surprise to manufacturers, all of whonv are acquainted with the 

 brokt'U conijjtion of stocks, as well as with the business which may he 

 rcleasi'd shortly after the first of the year, if the market does not con- 

 tinu<' tb<' upward tendency noted during the past several months of 

 reviving business. While the hardwood industry is restained. through an 

 injunction from the federal court, from gathering and distributing in- 

 f(»rniati<m regarding stocks and production, it is a well established fact 

 that stocks an- <iuite short compared with normal, especially in No. 1 

 common and better, and that production is making only modest headway 

 because of the greatest shortage of log supplies, readily available for the 

 mills, in the historj- of the southern hardwood industry. 



J. W. Dickson, president of the Valley Log Loading Conipany, reports 

 that about 400 cars of logs were loaded for mills ()n the Ya'/oo & Missis- 

 sippi Valley lines of the Illinois Central, or lines served thereby, during 

 the nuinth of November. He says that the rate of blading is increasing 

 slightly, but he does not hold out very much hope in this direction because. 

 as he says, there are less than 2.000,000 feet of logs available for loading 

 on the lines in question as contrasted with SH. 000,000 to 40,000,000 feet. 

 the average for this time of the year. He also states that there are not 

 more than HOO.OOO feet on the Memphis-Marianna cut-oflf on the St. liOuis. 

 Iron Mountain & Southern as compared with 5.000.000 to 7. ',00,000 at 

 this time of the year under normal conditicms. 



This is the production situation ctuifrouting the trade as the new ye.ir 

 opens. From a deniand standpoint, it is held by members of thi' industry 

 liere that furniture nuinufacturers have large re(pnrenients to fill iluring 

 the first six months of 1022 and that the same is true of manufacturers 

 of fiooring and interior trim. This view is based on the abnormally heavy 

 building operations in' progress in practically all parts of the country 

 Manufacturers of automobiles are expected to buy with considerable free- 

 dom and the trade are also looking to expanding requirements on the part 

 of box nuinufacturers. distributing interests are known to l>e carrying 

 very limited stocks, and, gi'nerally speaking, consumers, especially the 

 larger ones, are poiu'ly supplied as compared with their prospective needs. 

 Regret is expressed that the railroads and the agricultural element of the 

 populatitm are not in the market in a larger way, but, even so. the 

 consuming groups which are operating in a large way will^ it is iKdnted 

 out. prol)al>ly take adequate care of the stocks of lumber on hand and 

 to he manufactured during the next few weeks under the limited scbeibib- 

 which now seems probable. 



There is very great shortage of No. 1 common and l)etter in the majority 

 of southern hanlwood items. The greatest deficit, however, appears to 

 lie in plain and quarter .«awn red gum and in plain sawn red and white 

 oak. Offerings of both are comparatively light at the moment and buyers 

 are finding increasing dilliculty in securing th4'ir rcMpiirements. Tre- 

 mendous inroads, too, have been made on available stocks of plain ami 

 quarter sawn sap gum in the better grades. 



ST. LOUIS 



Prices are stead}- with the market in the usual end of the year condition. 

 There have lieen some recessions where sellers desired to make shipment. 



The woods In most demand are reil gum and poplar, with some Items of 

 c.vpress active. The demand for red gum for eastern furniture manufac- 

 turers is falling off. 



LOUISVILLE 



Demand for hardwoods continues fairly good as a whole, there lielng 

 little or no future l)nsiness heing hooked, which is quite satisfactory to 

 the hardwood men who are not anxious to book anything hut Immeiliate 

 business. While liusiness. of course is slowing down as is imtural for 

 the period just before and during the holidays, the slump is not a heavy 

 as had been anticipated, and it is shown that stocks are low by the fact 

 that there is ipiite a :>it of Inisini'ss that Is going through under the 

 "rush" markings. Shipments from mills and yard stocks of jobliers have 

 been comjiaratively heavy. 



The opinion of the local jobbers and producers is that business will be 

 a little quiet until about January 1."), when inventories will have been 

 made, and when the consumers will start placing orders for stocks needeil. 

 Early year furniture shows, if successful, should create quite a demaml. 

 while with foreign exchange up, the export situation is more prondsiug. 

 and export business has been quite a factor for some months past. Tro- 



