January 25, 1922 



HARDWOOD RECORD 



57 



to the effect that the New York Central railroad has been making repeated 

 inquiries for a fairly large volume of mahogany which has not yet been 

 placed. 



Any further increase in demand for almost all hardwoods in I's and 2's 

 in dry stock will cause, without question, a gradual uplift in prices. These 

 assortments are very scarce, and an upward movement in price is con- 

 fidently looked for in both upper and lower grades. First and second 

 grades in some woods have advanced $10 in the past sixty days. This 

 applies particularly to poplar and gum and the advance is expected to come 

 before the end of the month. 



The auto trade is giving signs of renewed life In numerous inquiries 

 for ash. Large orders have been placed recently in the West. 



Other industrials'are quiet. Buying in the furniture trade has dropped 

 off considerably in the past week, but all through the holidays was reported 

 as very satisfactory. The same is true of the piano business in this 

 section. 



Buyers are beginning to realize that stocks are scarce and are coming 

 into the market more freely. A decided turn for the better in demand is 

 looked for about the middle of February, possibly sooner. Gum and oak 

 are finding a readier market. Maple and oak flooring are moving well. 

 Wormy chestnut has shown a marked improvement in movement in the 

 last thirty days. No. 1 common chestnut is very scarce and is in good 

 demand. 



BUFFALO 



The hardwood trade is showing a fair amount of activity for the season, 

 but consumers are holding off as a rule on the purchase of large lots at 

 this time. January of last year showed up poorly In the volume of busi- 

 ness and it is generally felt that the transactions of the present month 

 will be larger. In fact, some yards report that they have already done 

 more than in the same month of 1921. Improvement is expected to be 

 much more pronounced as spring approaches, though it is not believed 

 that trade is going to be on any boom basis. 



Reports from the furniture factories state that they have a good volume 

 of orders on hand and that they are using a large amount of walnut, as 

 this Is the most popular wood. Buying by these concerns is not large just 

 now, owing to stocks on hand, but a better volume of orders is looked for 

 soon. The automobile plants are looking forward to a good year, the 

 attendance at the annual shows being about the largest on record, which 

 indicates a large number of sales later. 



BOSTON 



Now that stock taking is about over, a slight improvement in demand 

 for hardwoods here is noted the past fortnight and quite a fair-sized 

 improvement in inquiry. In fact, the wholesalers believe that good busi- 

 ness is really started on the way. The tone of the market is very firm in 

 firsts and seconds, and quotations are the same as a week ago, without 

 any concessions being offered and with dealings sometimes at the upper 

 figures. The firmness of tone extends sometimes to the Nos. 1 and 2 

 common. There has been quite a little of the business done here recently 

 in oak, especially quartered stock. A feature of the market here now is 

 the difficulty of securing red gum in fair-sized lots. Most of the business 

 being done here now continues to be with the hardwoods yards and with 

 the furniture people. There is some improvement noted with the piano 

 makers. The business with the chair makers and with the other consumers 

 of hardwoods here is very dull indeed at the present time. But the trade 

 is confident that better times are coming very soon, in view of the inquiry 

 that is now reaching out in this market. 



BALTIMORE 



Conditions in the hardwood trade are slowly Improving in that the de- 

 mand for stocks shows some increase, with greater interest being dis- 

 played in the offerings and at least some of the consumers disposed to 

 make arrangements for adding to their assortments. Some of the dealers 

 here have been receiving a larger volume of business than they felt there 

 was reason to expect, and a hopeful view is being taken of the future. 

 With the stocks of hardwoods reported very light, some of the milys 

 which had been closed down for weeks have resumed operations on the 

 theory that their output will be needed by the time it is ready for the 

 market, and the range of the quotations no longer exhibits a sagging 

 tendency, even if so far the advances noted have not been of impressive 

 proportions. The distributors as well as the producers feel quite confident 

 that there will be no further recessions in values and that the quotations 

 may be expected to show a gratifying measure of stability. The views 

 entertained about the future are for the most part very moderate. Few, 

 it any, of the hardwood men persuade themselves that anything like a 

 boom will develop, but they look for a good absorption, with the assort- 

 ments of users of stocks being augmented, so as to bring them up once 

 more to proportions in all respects adequate for the needs of business. 

 The undertone as to the foreign trade also appears to be characterized 

 by confidence. Of course, the buyers abroad are still holding off whenever 

 this policy can be pursued on the possibility that the shippers will offer 

 concessions ; but indications of growing strength in the market have be- 

 come sufficiently distinct and numerous to dissipate all further doubt. 



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A thoroughly modern kiln equipment at Owens- 

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Try Stimson at Owensboro 

 the next time 



J. V. Stimson & Co. 



OWENSBORO, KENTUCKY 



