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floMftoJ RocoM 



'.opjTogax, iEi .UAzmroaD ".oitpisr, ISIS 

 PabUMsi i. 4e latetcH of *e ATrira Harchraod Fotolh fe Pnxfadh &a»f. mA Loccii«. S«r 

 1£Q ad Woochrailkc M«i«a7. <B <K lOfc a-d 25A of eac& Moa*. fay 



THE HARDWOOD COMPANY 



Ha Maxwell. Tedaical £ifitEr> 



. — 4 



537 So. DeaAor» Street. CHICAGO 

 TelepbaHs: HarraoB 8066-0067-8066 



l»h 



Review and Outlook 



General Market Conditions 



DISCOURAGIXG WOBD COMES FBOM THi: SOUTH as to 

 niannfaemriiig - Promises of more ears to brpig 



Icr? i-'.-y the mills h^ tI fnlSHed and thosie ^aats depead- 



c; " ^ eaTTiers for tiieir log snpplv are up against a striagem 



t . iDnly the mills wiiieh operate tieir own loggia^ eqnip- 



meat are able to ieep their log yards fulL Ih fa«t. so serinvs kaa 

 tke ear sitnation become that it is estia^ted there are 6OJ)O9,0OO 

 feet to 70^>0<:>,iXIO feet of logs and lOJMM ears of himber awaitiBg 

 Wanting in the SCemphis region alone. XiHre eoaplete infoim- 

 ti<n on the Memphis shippiiig and prodaetiaa srtnatioB is grrem in 

 aa ardele elsewhere in this issue. But He nmAWam^ duarrfhe d 

 are having a aotieeable bearing (a lurkets, both as to dniimid 

 aad current prices. 



Maaj a faeiorv man is worrie-i to-iaj" over his sapplv of hard- 

 wood lomber, veneers or p^anels. Many let their stocks run down 

 t , roos point and there is a scramble for a great maacy 



i: : large panel man:ifa<Tarer said the other daj that ke 



ha^ orders that he can't falull before fall aad yet has beea called 

 on by foor large factory boyers ia the last two weeks, all o£ who^ 

 wanted to place additiaaal orders. Nothing win briag cor popnla- 

 tioa to a quicker reaBaatioa of the war cortditioas thaa iater- 

 fereace by war work with the smooth maaiag BaekiaeTy o£ cob- 

 aereial work. The trade which bays hardwood prodaets as raw 

 materials is showing it is its evid«Bt desire to get ia orders 

 before the war deBaad makes BOie exhaastiTe iaioads thaa it 

 already has. A pt owinew t walaot naa who also liaiiiilViii other liaes 

 oa his own aecooat said recently that ke fiads a very actiTv caD 

 for walnnt fn^ tke far a i t ur e people. Tkese borers have ao dif- 

 ficulty in nadefstaadtag tkat walant will show a very large per- 

 centage of piodaetioa saitable for war work. Tet the same thing 

 is true of many of oar ether hardwoods that ae-rer were before 

 thooght of for beQigoeat purposes. <)Biek trade is derdopiag 

 mack faster thaa is eaauaoaly recogaiied aad ia Bost •-^nnr rii 

 the creaai of the predaet is takea. With stocks beyoad kope ai 

 fan reideaishing aad labor aad shippiag growiag daily »nrn mt 

 Boaeat, there is the prefect ahead of aotkiag bat a sti — gu aad 

 stioager siarket. 



Another Point About Costs 



COMMZXnXG ox THZ IXTEBVUTK" with the vekiele «mm- 

 mittee and CoL W. & Wc-o-i. ia charge of Ti^iele pisilB liiM 

 for the United States Qaanermaster's DepartBcat, as paMimkiid 

 ia the last issue of Hardwood Beeoid, a Baaafaetanr said: 



ri^kl track. : 



" ■ Ton are eertaiaJy oa tie r 

 aiiis" ■"--it if they tts^- -" ; 



-rfce- -" r-i- 2 livlz _ - V 



- -an it ^aiddbe m 



:: :. ; ~ "mtg a lot rf tiia 



thiei 5t<:<k. We have kept very eleee tab on ite cost of ; 

 aad,2nd that oar actaal costs ma aloag T^ry cioee to what 

 BairBfartareTS insist they skaald pay f^ it." 



In few cost fgoxes eaa one find what is 

 expense. t±z_ losses dne to snek naji.ii as scarcity dsc cars; the i 

 sity for keeping larger crews ia otder to retaza es^ert Boa 

 failure to get sh^aeats wk^ kiiadinilj of hi^-pzieed 

 waitiag idle. Sack cip i '■'«"< aer^ aBOvated to aaiA before, kat 

 that ite^ aloae wooid top Beet Bea's vretkead ckazgea. ' 

 freqo^itiy lower than they should be, dae to tike Imn aB tt 

 aot ehar^ag salaries, aet eaziTiag 

 jatens^ cost t£ eairyiag *?»"fcg^ aad mA^s itois Hat ksre na 

 into a lot of SMaey tkis yeaz. Tkea wkea aae Aafca o£ tihe aas- 

 b^ of mills shxt dowa for — ath i at a tise bms'ML Aae karre 

 aot beea ^wagk flat ears to briag ia Isg^, it is easy to na£ae tkat 

 tke everiastiag overhead has beea iMri ta satetialbr- 



Bat what is the ase of tilkr^ akoat it. Tke oaly ^iag to do is 

 act; evea if it is aeeessazy ta kiie a awa to 

 ekeekap oa costs aad sdSag paiees tke leiml t wi&] 

 tke exp^ise. Altkoa^ eroytkiag ia kigker thaa S ever kas beea, 

 tkse does aot accB ta ke maA ckaaee for a ii iliwli— 



Th«e are a lot of pe o pl e laBoMg to aigae that cost is aa* so 

 kigh as it appears, bat we wiS joat leave it to i ■ j wi i wko is ckeek- 

 iag kis costs cloeehr oa a kfoaii giagf A kariin of T^fhiJing eves?' 

 ite^ of cost, if he does aot aasa^e akoat axty to sg^ty per eeat 

 of tke acrease ia price. 



Studying Scientific Lumbering 



rZPABTMEST lOM THE STXTDY OF SCUUkTUlC UDt- 

 BFRTXG has beea organized by the goreiaBeat at tke 

 Madiso;^. Wis., laboratory. It is ia charge of E^iry J. H^el, vka 

 was 32til recently ia Ae eapley of tke General Eleetrie Coapaay. 

 Jnst what --seieatifle" loBkeriag is, aad ia wkat r ospeti it 

 £fers froB tke erdrnzy kiad of taBkerxag^ any hare to ke deiaed 

 before it is whaQy clear: bat tkere is toob &r aillpliSBd, aja- 

 haiiiii stadr of Baay pkaaes of tke k 

 tzj has beea aad is koag eazxied oa ia Baay ways. AQ ' 

 B^ do aot tackle ■aBJlar prekleBS ia tke saBe way, aad aQ do aot 

 adiere saeeess or BMet faiJare ia tke saae degree. Peik^s '*fy 

 Hiegel's boreaa wQI systeBatixe tke iiir ii iw ii aad segregate Ae 



A 



