44 



HARDWOOD RECORD 



October 10, 1917 



,arri^' 



UMBER AND 



Elmira,/(.y. 



BoTemlier 



9th. 



1915. 



Feepcke Lelght Xto. Co., 



Oilcego, 



IIJ . 



GtrtlemeD:- 



Te are using your Bed OuB loiL^er in the 

 manufacture of our high claes interior 

 trim and general planii^ mill work. 



This gum ie giving excellent eatief action , 

 being highly graded, soft texture, good 

 widths, and long lengths, also dry, straight 

 and flat. 



Respectfully, 



Harris, kchenry h Baker Co. 



Diet. 

 HilK/LG. 



Of course it is true that 



Red Gum 



is America's finest cabinet wood — but 



Just as a poor cook will spoil the choicest 

 viands while the experienced chef will turn 

 them into prized delicacies, so it is true that 



The inherently superior qualities 

 of Red Gum csui be brought 

 out only by proper handling 



When you buy this wood, as when you buy a new 

 machine, you want to feel that you have reason for 

 believing it will be just as represented. 



We claim genuine superiority for our Gum. The 

 proof that you can have confidence in this claim is 

 shown by the letter reproduced herewith. 



Your interests demand that you remem- 

 ber this proof of our ability to preserve 

 the wonderful qualities of the wood 

 when you again want RED GUM. 



Paepcke Leicht Lumber Company 



CONWAY BUILDING HI W. WASHINGTON ST. 



CHICAGO, ILL. 



Bond Itnils: Helena and BlythevUle, Ark.; GreenTllle, Ml<s. 



are moving well. Poplar 

 hardwoods are unchanged. 



is strong, especially the lower grades. Other 



=-< Cl.EVEhAl<lT> >: 



Early curtailment of housing construction in this city has put a quietus 

 on hardwood sales, as far as its outlet in that connection is concerned. 

 Principal demand is for oak and maple flooring, and this is going into 

 business building work, not residences, rrnctically all hardwoods are 

 easier, although not equally lower iis to price, and bidders ;ire not pushing 



■< INTtlANAPOLlS > 



The usual summer dullness in the hardwood market has extended into the 

 fall with the result that prices are showing signs of weakening. Many of 

 the consuming industries have not as yet developed their customery de- 

 mands, although it is expected that this will make itself felt soon. 



A drop of several dollars in the price of No. 1 ^ommon sap gum is re- 

 ported. All gums are weaker, although not on the same ratio of prices. 

 In fact, there has been a slight reduction in the i)rlce of most hardwoods. 

 No further reductions are expecteil, however, and furniture manufacturers, 

 whose sales have been below normal for the early fall season, state that 

 orders for holiday stocks are beginning to reach a satisfactory vidume. 

 The best demand now exists for hardwoods used in the manufacture of 

 boxes which continues to increase under the pressure of war orders. I/caders 

 in the hardwood trade are cautious in making predictions on business for 

 1918. 



Building operations are developing a demand below normal for hard- 

 woods, and contractors report little estimating in progress. The total 

 value of operations last month was $603,401, compared with y.StiS.lOS for 

 September, 1916. ' 



Collections are good, and car shortage conditions are causing less trouble 

 than the trade had anticipated. 



=«< EVANSVILLE >= 



Hardwood lumber manufacturers state that while trade is not in any 

 sense booming, it is good. September showed a gain in the volume of 

 business done over August. All the uptown mills in Kvansville are being 

 operated on full time and the Columbia street mill of Maley & Wertz is 

 running on the day and night schedule. One of the river mills is run- 

 ning. Collections have been fairly good and Inquiries and orders are 

 coming in better than they did a month ago. Tbe demand for (piartered 



\\hite ouk is not so strong as it was a few weeks ago, hut poplar is in 

 better demand. Cottonwood is moving nicely, a great deal of it being- 

 used by the box manufacturers. Walnut, especially the best grades, is In 

 strong demand. Quartered syi^amore is moving along fairly well, manu- 

 facturers reporting the sale of several cars recently. Hickory is in good 

 demand, wagon and hanille manufacturers recently being in the market 

 for a good deal of this wood. (Uim has fallen off some d\n"ing the past 

 week or ten ii;iys. but asb. elm and maple are strtuig. ^aken as a whole 

 tbe local situation is v<'ry encouraging and manufacturers are looking foi- 

 business to remain good the balance of the year. Logs are still scarce and 

 high prices are paid. While none of the local mills have been seriously 

 handicapped by the lack of logs, some of the mills report that the supply 

 of logs is running low. The various wood consuming plants in this city 

 are being operated on full time. Plow manufacturers report a nice pick- 

 ing up in trade. Pinning mills are fairly busy. Sash and door men report 

 trade good. 



=-< MEMPHIS >- 



'llie ilenumd for hardwood lumber is reported a little more active thatt 

 recently, altbougb most mend>ers of the trade say that there is still room 

 for a larger inquiry than is now being experienced. But. while tbe market 

 remains fairly quiet, there is a notable absence of pressure to sell and 

 |)rices are maintained in a most unusual manner. This is duo largely to- 

 tbe fact tbat there Is no pressure to sell, and this, in turn, is due to the 

 liclief on the part of hardwood lumber interests that their property is 

 worth the price they are asking and that it cannot bo manufactured and 

 put on sticks at a cost that will admit of lower quotations. There is still 

 some consigning of luml)er, but this is not periiaps so general as it was 

 a short time ago, largely for the reason that those who have resorted to 

 this practice have realized that they were playing with lire and stood 

 an excellent chance of getting burned. 



It transpires tliat stocks of oak lumber, from the thinnest veneers to 

 tbe thickest timlicrs, are smaller now than they were at the beginning of 

 the year and that they are smaller at tbe beginning of October than they 

 were at the lirst of September. This has happened in the face of the 

 fact that demand has been rather light recently and in the face of the 

 additional tact tbat production has been heavier during the past few weeks 

 than it had been for a long while. .\nd tbe oidy explanation is that 

 demand was unusually active until a few weeks ago, while production had 

 l)een on a quite limited scale. Information regarding other hardwoods 

 Indicates tbat there is no large surplus of dry stocks, and this is another 

 reason for the firmness with which quotations are maintained. 



The lower grades of cottonwood nnd gum are in excellent request, and^ 



All Three of U« Will Be Benefited if You Mention HARDWOOD RECORD 



