February 10, 192i! 



HARDWOOD RECORD 



55 



since the middle of January and a still further expansion in the demand 

 is expected. 



Retail stocks are not large as a rule and there appears to be a general 

 movement to replenish them in order to he in a position to take care of the 

 spring demand. The better grades of hardwoods are still scarce and this 

 results in more strength in prices all along the line. Factories making 

 furniture, boxes and vehicles are also buying fairly well. Railroads are 

 also buying better and quite a few inquiries from that source have been 

 received recently. 



Jobbers believe that the worst of the slump is over and that there will 

 be a gradual improvement in the demand. They point out that dri stocks 

 are still scarce as the new production which started the first of the year is 

 not vQt marketable. 



CINCINNATI 



Hardwood lumbermen report a slight increase in business during the 

 past two weeks. Most of the dealers take the view that a slow but steady 

 improvement holds out every prospect of keeping up until the volume of 

 business once more attains the proportions of normal. Uppers are very 

 strong, with persistent reports coming that prices will take an upward 

 turn before spring. Concerns specializing in w-alnut are booking some new 

 orders, while the export business is the slowest in several months. Fur- 

 niture manufacturers are buying a little better than they were a month 

 ago, but still their purchases have not reached anything like normal. Some 

 dealers report prices stiffening on dry stocks due to a shortage. Sash and 

 door factories are doing a fair volume of business, with good prospects 

 for an active demand when the building program Is started in the spring. 

 Retailers have only fair stocks and as a result are coming into the market. 

 They are still buying from hand to mouth largely, although orders are 

 gradually increasing. The items most active at this time are red gum, oak 

 and elm. although some dealers report a better inquiry for poplar than elm. 

 There is a growing scarcity of stocks in the upper grades and this will 

 probably continue for some time, as the new cut will not be marketable for 

 some time. The railroads are beginning to place orders, but to date none 

 of them has been large. 



CLEVELAND 



Windup of the automobile show season brings an immediate revival 

 of inquiries, and orders, into the hardwood industry here. Leaders in the 

 market report an immediate quickening of interest on the part of automo- 

 tive industry heads, who have held back their purchases until they could 

 see some real daylight ahead in their outlet and manufacturing plants. 

 Inquiries that had been pending for months now are taking shape in 

 definite orders, and while no quantities now being called for are large, the 

 whole is expected to make a respectable volume of new hardwood business 

 by the end of February. 



INDIANAPOLIS 



The only noticeable feature in the Indianapolis market is the gradual 

 Increase in the demand on the part of industrials. Several large wood- 

 working plants have increased their production during the past two weeks 

 and distributors here say that there is an increasing number of inqiiiries 

 each week. Industrial executives and retailers alike are prone to quibble 

 over prices. Both are alike in that they are holding their stocks as low 

 as possible in order to yet be in the margin of safety. Manufacturers of 

 flooring, sash and doors and interior trim have begun booking orders for 

 the coming spring season and several of them entered the market last 

 week. Both inquiries and actual demand continue to favor the upper 

 grades. 



EVANSVILLE 



The hardwood lumber manufacturers and wholesalers of southern Indi- 

 ana, southern Illinois and western and northern Kentucky report that trade 

 has been rather sluggish since the first of the year and that they do not 

 expect to see business conditions get much if any better during the month 

 of February. They have received some business, of course, during the past 

 month and there also have been some inquiries, yet there is no life to the 

 trade and retailers seem to be buying just what lumber they feel like they 

 must have for their immediate purpose and no more. Lumber prices are 

 holding their own very well and no reduction In prices is anticipated for 

 quite a while to come. Manufacturers as well as wholesalers, say there 

 ought to be some change in trade for the better along about the first of 

 March and that while they do not believe there will be anything like a 

 rush in trade they are inclined to the belief that the present year will 

 bring in a much larger volume of trade than did the past year. 



MEMPHIS 



Demand for hardwood lumber Is slowly improving, according to promi- 

 nent members of the trade in Memphis, but some disappointment is felt over 

 the failure of buying to develop on a somewhat larger scale. More busi- 

 ness has been put through during the first week in February than during 

 the closing week of January and the increase is regarded by the trade as 

 cumulative. Information regarding the probable needs of large consumers 



VESTAL LUMBER 

 & MFG. COMPANY 



INCORPORATED 



Soft Textured Oak 



Poplar 



Black Walnut 



Tenn. Red Cedar 



KNOXVILLE, TENNESSEE 



BAND MILLS AT VESTAL 



A SI'BURB OF KXOX-STIJJ: 



FONDE, KY., & DUFF, TENN. 



r N 



Delta Hardwoods 



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Double Baud Mills 



II Arkansas City, Ark. 



V. 



The 



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Portsmouth, Ohio 



