April 10, 1922 



Hardwood Record — Veneer & Panel Section 



47 



If you 

 haven't a 



HOW DO YOU DRY YOUR VENEER? 



COE ROLLER VENEER DRYER 



we venture the assertion that many times you have wished you did have one. There is no time like the 

 present to gratify that wish and thus place your plant on a much more efficient basis and give an added 

 quality to your product. If you are not familiar with the performance of this wonderful machine, write 

 us for a list of users and investigate and you will be surprised to find what a handicap you have in being 

 without one. 



ALSO SEE THE NEW TWENTIETH CENTURY COE VENEER LATHE 



In a short time now we will send you a new Clipper bulletin, in which 

 you will find described our style L Clipper with the automatic stop 



THE COE MANUFACTURING COMPANY, PAINESVILLE, OHIO, U. S. A 



the consensus of opinion of Chicago manufacturers and dealers 

 in these products. However, certain phases of the trade have 

 shown improvement and certain general conditions have de- 

 veloped in both the manufacturing and consuming ends of the 

 trade that point to a general betterment of prices and demand 

 later on in the season. 



Reports from many of the mills indicate that they have far from 

 an adequate supply of logs — in fact, they have received only about 

 25 per cent of the logs for which they had contracted. With the 

 logging season in the north about closed, mill owners are regarding 

 the condition as decidedly unfavorable. 



Heavy rains have persisted throughout the South for the past 

 thirty days or more, rendering it impossible to haul logs in some 

 localities, and as a consequence many of the mills are shut down 

 for lack of logs. However, with the advent of spring it is believed 

 that conditions will improve and mills will be able to resume 

 operations. 



The demand for veneers and panels for building purposes show 

 marked improvement, and will be further stimulated as spring ad- 

 vances. Business is becoming more stabilized, and a general im- 

 provement in the near future appears to be certain. 



Prevalent opinion is that veneer and panels have reached the 

 low price level. With the log shortage imminent, and stocks on 

 hand being reduced, it would appear that now is the time to 

 cover requirements for the next 60 to 90 days. 



H. P. Walsh, president of the Veneer Manufacturers Company, 

 had this to say about conditions of the trade in Chicago and 

 vicinity: 



"The building line is showing marked improvement, and re- 

 quirements for this work are quite active. Other wood working 

 industries, however, seem to have recovered very little — in fact. 

 are perhaps less active now than they were a month or two ago. 



"The furniture manufacturers are running in a small way, and 

 the predicted improvement in this line has not as yet materialized. 



"There is a slight improvement in the phonograph and piano 



Tnanufacturing line but scarcely enough to be noticeable. This 



condition exists not only in the Middle West but in the East as well. 



"An improvement later in the year, however, is firmly pre- 

 dicted, and is almost sure to follow better general conditions, 

 particularly as the financial situation becomes more stabilized." 



The Dean-Spicker Company, through one of its officials, said 

 in substance: that while March was not so brisk as normally for 

 that month, yet the month was not so bad and conditions are 

 getting just a little better all the time. The furniture trade is the 

 best. The piano makers are buying from hand-to-mouth. Walnut 

 butt veneers seem to be the strongest position and appear to be 

 scarce. The situation is getting a bit more optimistic right along. 



The Veneer Lumber & Plywood Company reported that business 

 during March w^as quite a bit better, but seems to run more to 

 small orders; in other words, the buying is extremely conservative. 



The R. C. Clark Veneer Company said that the March business 

 was much better than in February. The increased activity in the 



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fixture trade and building trades naturally reflects improvement 

 in their own. They could not say whether the improvement w^ould 

 continue, declaring that this depends a great deal on labor con- 

 ditions. If labor remains in its present situation, and as it normally 

 should, the improvement w^ill be steady. 



R. C. Clark is on a business trip to the South and at the same 

 time will visit a brother-in-law who has a banana plantation and 



his own boat lines to Honduras. Mr. Clark took advantage of this 



opportunity of a trip from New Orleans to Honduras. 



R. A. Smith of the Mound City Veneer Mills considers the veneer 

 and plywood trade still in a very unsatisfactory position. Prices fur- 

 ther declined during March, and there is a great deal of under-bid- 

 ding and price cutting. Especially is this true in the plain veneers. 



Figured stock is in a much better situation and this applies chiefly 

 to fancy figured walnut. This stock is relatively hard to get, there 



is a relatively great demand for it, and prices consequently are 

 somewhat at a premium. But the run of stock is in poor demand. 



