42 



HARDWOOD RECORD 



April 23, 1917 



WHAT IS A 

 LACEY REPORT? 



Ids science applied to the measurement of tim- 

 ber values to produce a statistical photograph, 

 so to speak, .of a tract of timber. When desir- 

 able, it includes a detailed contour map accurate 

 enough to plan logging operations upon, and 

 alivays includes a mass of intelligent commen- 

 tary on all conditions of interest to an investing 

 or logging purchaser. 



The LACEY REPORT, ivhich is the recognized 

 gospel of timber values, is but an index to the 

 great facilities and resources of this organization 

 in ichatever pertains to transactions in standing 

 timber — the king of investments today. 

 Send for our interesting booklet. 



OHIOAGO SEATTLE NEWORLBANS 



nSOUcCormickBldg. CP.6 Henry BUg. JtXSWhitnevCentralBldu. 



Over 



One Million Dollars 



in saving;! has been returned its members by the 



Manufacturing 

 Lumbermen's Underwriters 



and there remains to the credit of members orer 



Nine Hundred Thousand 

 Dollars 



The membership, which is constantly increasing, 



is now composed of nearly four hundred and fifty of 

 the best saw mill plants in the country. Insurance in 

 force exceeds thirty-five million and nearly three 

 million dollars has been paid in losses. If you have 

 a first-class plant adequately protected and are inter- 

 ested in low cost fire insurance, correct policy forms, 

 an inspection service which may save you from a dis- 

 astrous fire, with the certainty of a prompt and 

 equitable adjustment in case loss does occur, and 

 wish a list of members and annual statement we will 

 be glad to hear from you. 



Rankin-Benedict Underwriting Co. 



HARRY B. CLARK Attorney in Fact 



WMtern Representative „ . -l _ . _ _,_,, ,,^ 



Portland, Ore. KANSAS CITY, MO. 



ments to the effect th-it the price of farm implements has increased from 

 ."lO to 60 per cent during the last two years caused the belief to preTail 

 that the demand for farm machinery might fall off. The intensive farm- 

 ing movement as a means of assisting the country to prosecute the war, 

 a movement which has jrovernment backing throughout the Middle West, 

 has tended to increase the demand for farm machinery above normal, and 

 the manufacturers are heavy buyers. 



The same holds true of vehicle manufacturers, who announce that 

 their business has been heavier than might be expected. Automobile manu- 

 facturers report there has been no letting up in demand and say they 

 will consume more hardwoods than ever this year. 



The demand for oak. both plain and quartered, is on the increase, and 

 the demand for walnut is slightly heavier than it has been. There is an 

 excellent market for gum and ash, hickory and maple are called for. The 

 farm situation appears to be excellent, .\lthough the winter wheat crop 

 is somewhat of a failure, wheat fields are being plowed up for the planting 

 of corn. 



=-< CLEVELAND >•- 



Dearth of supplies of all descriptions of hardwoods has been offset by the 

 absence of demand for these materials into construction work, and this has 

 served to beep all descriptions upon a steady basis in the last fortnight. 

 Slight improvement in the car situation has assisted materially in making 

 for good supplies for out of town trade, in which the principal hardwood 

 business now is being done. High grades of hardwoods for factory \ise are 

 scarce, owing to the short supply of cars. In low grades the chief outlet 

 is for oak. much of this going into railroad work. An average increase 

 of five per cent in prices on n'-aii\- all d*'scri[itious is noted. 



=-< CINCINNATI >•- 



While shipping conditions — oar short iiic:^ and embargoes — continue 

 to exert a very depressing effect upon the genernl lumber market in this 

 and probably all sections, the hardwood dealers here seem considerably 

 encouraged over the course of events during the past couple weeks. Con- 

 ditions have modified to a certain extent and many dealers and wholesalers 

 report less difficulty in making shipments, and stocks are beginning to 

 become better asso-ted and sizes arc larger. Prices continue to miiintain 

 previous advances very rigidly, and, with the demand steadily increasing, 

 there is every reason to believe the hardwood deak'rs will eujoy a pros- 

 perous spring trade. The increase in prices is not alone confined to the 

 better grades, for the lower items are selling with a vim and better prices 

 are being realized almost from day to day. Some immense war orders are 

 being placed and the recent appeal of the government to the shipbuilders 

 and lumbermen as well to co-operate in building a great wooden merchant 

 marine in record time has put quite a stimulus in the market locally by 

 virtue of the recent announcement of a return to activity on the part of 

 the Cincinnati. Louisville and Kvansville rivrr shipyards. The big demand 

 from the airphine nuinuf:icturers for suitable wood, principally spruce and 

 ash. has helped the market for these two woods immensely. 



There has been quite a iet-up in the ordering on the part of the furniture 

 manufacturers, rurniture retailers are movltig little of their big spring 

 stocks, the business not being up to normal for this time of the year, and 

 this has been reflected in the manufacturing end. However, oak and gum 

 have a well sustained demand elsewhere, the former about leading the list 

 in movement and commanding top prices in all grades. The lower grades 

 of gum are moving especially well witli the box manufacturers. Flooring 

 is in good demand, birch, elm and maple being exceedingly active. Birch 

 probably leads the northern list in all items. Cottonwood dry stocks are 

 light and difficulty is being experienced in ol)taining sufficient quantity to 

 meet the increasing demand. The lower grades of chestnut are in better 

 call than a few weeks back and good prices arc being realized at all times. 

 numerous sales being reported at figures considerably in excess of those 

 asked a while back. One of the most encouraging features of all is the 

 manner in which poplar is coming back into popularity. Inquiries are 

 steadily broadening and some good sizetl orders are Itring planod ri-j^ularly. 



=^ EVANSVILLE >.= 



Trade with the hardwood lumber manufacturers in EvansvlUe and south- 

 western Indiana is fairly good at this time. Thus far the war has not 

 affected business in this locality and the general opinion is that the war 

 will be over in less than a year and that the lumber business will not he 

 materially affected by the conflict. They believe, however, that after the 

 war there will be sharp advances in lumber prices all over the country. 

 Many manufacturers here say their domestic business is from fifty and one 

 hundred per cent better than it was this time last year. Prices are steadily 

 advancing on the best grades of hardwoods. Tlie up town milte, as a rule 

 arc operating on steady time, while the rolnmbia street mill of Maley & 

 Wertz is running again on the day and night schedule. The river mills 

 are not running, but some of them will start operating in a short time as 

 they have a large supply of logs on hand. 



Quartered white oak and plain white oak are stlU In strong demand and 

 a good deal is being sold. Sycamore is also strong, a great deal of quar- 

 tered stock being bought by veneer manufacturers. Wnlnut Is In better 

 demand than it has lieen at any time since the first q( the year. (5uni 

 contiinies in strnn;; ilniinnil, a gre:it d.-il of tliis lumber being bought l)y 



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