44b 



HARDWOOD RECORD 



July 10, 1917 



=INIIIIIIIIIIIIIIIIIIIItlllllllllllllllllllllillllllllllllllllllllllllllllll[IIIIIIII^ 



I Plain & Qtd. Red & White I 



I OAK I 



AND OTHER 

 HARDWOODS 



= Even Color 



Soft Texture = 



MADE (MR) RIGHT 



OAK FLOORING 



We have 35,000,000 feet dry stock— all of 

 our own manufacture, from our own tim- 

 ber grown in Eastern Kentucky. 



= PROMPT SHIPMENTS = 



I The MOWBRAY I 

 I & ROBINSON CO. I 



= (incorporated) = 



I CINCINNATI, OHIO | 



illllllllllllllllllllllllllllllllllllllllllllllllllllMIIIIIMIIIIIIIMIIIIIIIIIIIiri?? 



Have you seen any bftier 



'1^3 than theseT 



' I 'HEY all grew right in Indiana where 

 ■*■ hardwoods have always held the 

 choicest farm lands. The best growth of 

 timber as well as the best yield of wheat 

 comes from good soil. The soundness of 

 the log-ends shows that they fed on the 

 fat of the land. My 



Indiana Oak 



comes from the same soil 



CHAS. H. BARNABY 



Green castle, Indiana 



of construction. Tliere is definite evidence tliougli that the public will get 

 used to the big figures as it becomes accustomed to everything else, and 

 will gradually work back into the field and bring the situation more nearly 

 to the previous level. 



=-< BVFFALO >- 



The hardwood niiirkot shows a little less activity than some weeks ago, 

 but as a whole it is showing a fair movement and prices are maintained 

 on a firm level. A shortage exists in some of the leading woods and the 

 call for them has been good. Local assortments have become somewhat 

 depleted, luit new stock is brought in as fast as it can be found and ship- 

 ments made from the mills. The latter still complain greatly of a short- 

 age of cars, and coupled with this is t'.^e same scarcity of labor as com- 

 plained of for some Time. In some sections, especially the lake district, 

 hardwood prices at the mills are so high as to he almost prohibitive. 



There is not so much going on in the building trade as is sometimes 

 the case at this season and large speculative projects appear to have been 

 postponed. Lumbermen say that a large-- share of the building that is 

 being done is in small work and in additions to factories which have been 

 profiting by large war orders. These swell the total permits to fair pro- 

 portions, but do not make up for the regular and special work that is 



— missing. 



X PITTSBURGH >.= 



llardwuud prices evcTywhere are very firm. Stocks at the country 

 mills are low. Production is badly crippled this month by the fact that 

 men and teams are being used on the roads and on the farms where 

 the harvest season is close at hand. Wages for teams on the roads are 

 as high as $7.00 per day, which is keeping many out of the woods. 

 Demand for hardwoods from mining and manufacturing concerns is ex- 

 cellent. Mining companies are taking all the low-grade stock they 

 can get. Implement and vehicle manufacturers and also automobile 

 concerns are in the market for just as much high-grade hardwood as 

 they can get shipped to cover their fall and winter needs. Yard trade 

 is not so good, as it is mostly in less than carload lots. 



-< BOSTON y^ 



The usual mid-summer conniient of the trade to the effect that they 

 are not able to do much business applies especially lu New England 

 at the present time; the unfilled orders on file, the hard pressure of 

 their customers for delivery, the deficiencies of stock and transporta- 

 tion, the inquiries in hand and reports of heavy present and prospec- 

 tive requirements in this and other sections of the country are the fea- 

 tures of the market. The decline in activity which is normal at this 

 season becomes impossible under the conditions noted : the difficulties 

 of the dealers tend to increase and the situation,' denian<ling much ef- 

 fort and care to meet the necessary factors of safety, is rendered really 

 serious by the added complication of advancing and uncertain quota- 

 tions. The adverse conditions of the trade are handed along to the 

 retailers and consumers and when applied to their situation opens up 

 another avenue for the exercise of caution ; the extreme measures sug- 

 gested by the buying trade show the reaction upon them and has resulted 

 in considerable speculation by the dealers as to what degree of ability 

 will be found to stand the strain without decrease of credit. Values 

 vary so greatly in amount and cover such short periods of time that 

 there is very little basis for the trade to work on and the same facts 

 render reliable observations impractical at present. 



=■< BALTIMORE >= 



The lunilier trarir isiuialiun here socms to lie in a i^eiitTal way un- 

 changed, unless the continuance o£ the advance in prices can be called 

 a change. The quotations are being marked up higher and higher, and 

 no one is in a position to say that the maximum has been reached. The 

 members of the hardwood trade are still having their troul>les with the 

 railroads, little or no improvement in the transportation situation hav- 

 ing manifested itself. Cars are delayed or cannot be obtained at all, 

 and m.any of the mills are suffering serious embarassmcnt as a con- 

 sequence. Deliveries are rendered uncertain, and the buyers attach fully 

 as much importance to delivery as they do to prices. In fact, it is far less 

 a matter of price than of ability to furnish the lumber when wanted, ■ 

 the obstacles in the way of a ready distribution being largely responsi- 

 ble for the increase in prices. Those hardwood men who have the stocks 

 and can make shipment, stand a chance to earn large profits, and some 

 of them confidently look forward to this year being the biggest in their 

 history. It should also be said, however, that more or less fluctuation 

 prevails in the prices realized, much depending upon the circumstances 

 in each individual' case. The urgent necessities of one buyer may force 

 him to pay a much higher price for lumber than is given by another 

 with wants that can be deferred, and who is able to take advantage of 

 conditions of supply. Kreight embargoes are as much of a handicap as 

 before, and more or less delay is e.\periencert, Baltimore, for instance, 

 being shut off from nearly every direction. Of course, some members of 

 the trade apiiears to be far more successful tlian others in dealing with 

 the railroad emliargoes and car shortages, and they manage t<i get stocks 

 and to ship tliem when others find this imiiossilde. The demand Is for 

 all of the woods in general use, and this demand has attained such pro- 

 portions — or the priMluclion has become so curtaik^l, whichever it may 



All Three of Ui Will B* BeneBted if You MenUon HARDWOOD RECORD 



