58 



HARDWOOD RECORD 



June 



1817 



Timber, the Greatest 

 Investment of the Day 



While the ghost of "timber famine" 



has been pretty thoroughly laid, the records of the 

 past and the certain trend of the present show beyond 

 question that the rising of the sun is no more certain 

 than the steady advance in value of all good timber- 

 lands bought right. 



A LACEY REPORT on a 



tract will guarantee the goodness (if it be there) and 

 our 3? years' experience of sound dealing will assure 

 the buying right factor. 



We have or know where to get what you desire. 



Send lor our illustrated booklet. 



CHICAGO 

 nSO itcCormick Bldg. 



SEATTLE 

 626 Henry Bldg. 



XLW onLEANS 

 1213 Whitney-Central Bldg. 



Lidgerwood Portable 

 Skidders and Loaders 



Ground & Overhead Systems 



We build various sizes and types of these machines 

 to meet requirements of every logging operation 



LIDGERWOOD MFG. COMPANY 



Originators of Ground and Overhead Steam Leillnfl Machinery 



CHICAGO 96 Liberty Street, NEW YORK seattli 



New Orleans: Woortward. WIrht A Co.. Ltd. 

 Canada: Canadian Allls-Chalmera. Ltd.. Teronta 



Fastories making boxes and implements are tlie best customers at this 

 time, although some buying is reported from furniture and vehicle concerns. 

 Factories generally are buying for the present and are not inclined to 

 stock up to any extent. The high prices apparently are having an effect 

 on stocking orders. Retail stocks are only fair and dealers are following 

 the policy of bi2ying for immediate needs only. Certain items on the 

 yards are scarce. This is especially true of the low grades of poplar and 

 chestnut. 



The car shortage is slightly better and consequently shipments are 

 coming out better than formerly. Certain southern roads have equipment 

 returned and the amount of lumber awaiting movement to northern 

 markets is not so large as a month ago. Motive power is also more 

 plentiful and congestion at the terminals and transshipment points is 

 not so marked as formerly. Collections are usually good as money is 

 apparently easy. 



Plain and quartered oak is in good demand and prices are higher. 

 Chestnut is one of the strong points with sound wormy advancing by 

 leaps and bounds. Poplar is moving uniformly in all grades. Ash and 

 basswood are strong and other hardwoods are unchanged. 



•<, CLEVELAND y. 



The state of the hardwood market in Cleveland is reflected by sub- 

 stantial rises in several requirements. Hemlock has responded to the 

 steady demand by a rise of $2 per thousand during the past two weeks. 

 .\t the present time mills are refusing to book new orders. Oak flooring, 

 on which a rise in price was recently reported, continues in strong de- 

 mand and the present price is constantly strengthening. The demand in 

 this requirement has spread to maple flooring, which shows an upward 

 tendency. Oak is in demand not only for the usual uses but for keels 

 and other parts of a fleet of submarine chasers which has been laid down 

 in an Ohio dockyard. 



Stocks of Pacific coast hardwoods are running short on account of the 

 freight conditions.* The only exception to this is the case of red cedar 

 shingles which are arriving from the west in considerable quantities and 

 b;»ve caused a slight weakening of the market. This is considered a tempo- 

 r:iry condition, as the new stocks are being rapidly taken up. JIaterial 

 far cooperage purposes is being closely held on account of an expected 

 future demand, and coopers are announcing average increases of about 

 live per cent. The situation is similar in shooks. Stocks of cypress are 

 fairly full, but they are being closely held on account of the uncertainty 

 of the supplies to replace present stocks. Shipments continue to arrive 

 from Canada and the western lakes, but bottoms are scarce and the volume 

 is not suttlcient to affect the market much. Manufacturing requirements 

 for hardwood have increased in Cleveland with the placing of large orders 

 IVir government triu-ks here. This requirement has not been an unknown 

 quantity heretofore, however, as thousands of military trucks have been 

 turned out by the White, Peerless, Winton and other companies with head- 

 i|uarters in Cleveland. White trucks were used largely on the Mexican 

 border and one contract for Peerless trucks by the British Government in- 

 volved S8. 000, 000. Kussia has also been a heavy buyer here. 



-< INDIANAPOLIS > 



The hardwood market is ruling firm in all departments, the trade re- 

 porting that It has about all the business it can handle under prevaillDg 

 I onditions. There has been some improvement In car shortage conditions 

 and deliveries have been more numerous during the last two weeks. 



.\lthough the demand from the building trades has fallen from ten to 

 twenty-Bve per cent below the demand of last year, the volume of sales 

 from this source is heavier than might be expected, considering the high 

 prices. There has been an improvement in the building demand during the 

 last week or ten days. 



Consuming plants not engaged in filling government orders are not buy- 

 ing quite so heavU.v. The large furniture manufacturing companies 

 throughout central Indiana report a steady demand for their products, 

 although orders are not so numerous as they were previous to the coun- 

 try's entrance into the war. Enough old contracts are on the books, how- 

 ever, to keep most of the plants operating to capacity. 



There has been a marked improvement in the sash and door trade, and 

 veneer manufacturers And a steady demand for their products at the pre- 

 vailing high prices. White oak and ash with hickory and box and crate 

 making materials are strong among the manufacturing plants using large 

 quantities of these materials. There has not been any weakening in 

 prices anywhere along the line, the mills reporting that their trade seems 

 anxious to procure deliveries at any reasonable price. 



-< MEMPHIS >. 



The hardwood market continues to increase in strength. Demand is 

 broadening and offerings are not keeping pare therewith. Quotations are 

 tending toward a higher level and are altogether in favor of the seller. 

 Bu.vers seemingly appreciate the growing sc:ircity of southern hardwoods 

 and the probabilities of higher prices. This is indicated by the willingness 

 with w hich they raise their ideas of value to a high enough level to secure 

 their wants and by the readiness with which they take one class of lumber 

 if not able to secure another. There is no i>;irticular change to report In 

 the relative position of the v;irinus iti-ms. Oum is one of the real leaders 



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