42 



HARDWOOD RECORD 



oi .\n\ESS 



l<c.,d\: Resources, $925,845 



LRrU'S 



and Reinsurance Reien<e . . . 856.634 



AllXCS 



Returned to Suhscrihers 546 757 



ERIICE 

 60-</iii) Inspectiom: Monthly Fire DuHelins. 



These are some of tlic vital features 

 upon which the managenieiU of the 



Lumbermen's Underwriting 

 Alliance 



bases its pka to the LLMIILKMEX FOR 

 A SH.\RE OF THEIR Insurance Lines. 

 These safeguards arc the rc-suh of TEX 

 YEARS of successful undcrwritinR. 



$155,000.00 



in CASH UU lUE.N'DS went into llic treas- 

 uries of ALLIANCE Policyholders in 1914. 

 Owners of protected plants, with five or 

 more years' timber supply, are invited to 



become identified with ii = 



U. S. EPPERSON & COMPANY 



Attorney and Muniiger. KANSAS CITY 



Over 



One Million Dollars 



in savings has been returned its members by the 



Manufacturing 

 Lumbermen's Underwriters 



and there remains to the credit of members over 



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, writh 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. 



HARRT B. CLARK 



'Western Representative 



Portland. Ore. 



Attorney in Fact 



KANSAS CITY. MO. 



.; "Iimi t.i |i|i'iril, anil at rMimutiiliiB farlurlro iImti' !• nu (urli thing 

 :i liiinixr >ar<l. Judging hf llir way liuyrr* nn- ltii>l>tlng tm hurrxup 

 ' ' rli'n. Apiiamill)' lliry atp tint yri aulBcirnili ronndriit ai tu fulur<* 

 I lo lie wlllliiR to Invnt iiiurli In hIim-Ii. Imr luiyhiit aa llicr need It 

 jio ill>n(lianin||i'a and Invulvra dilnta llial iii< - Ijingcroua. 



i'.ili>n« nri' nIiiw. It u r<'|Hirli'<l, and r.Mi«>iii« ■ tin- ruli- 



ilnr tlinn Ilir i'X>-<'|it|i>n. rndll roijillilnna iin- - .>....( unartllpd. 



Ill llila la making for mnarrvallvi' iiiiiratlunx <<ii llir part of luinlMir 



<n and of rnnauiui-n. lima nairlrlliii: iIh- m< 



■•allde fur llip latter to baudir 



uf biialnraa It 1* 



=•< MILWAUKEE >= 



Tliirc »i-<iiiii III 111' II ii.ii. r ii.iM- III ihi I1..111 linnlwixMt niarltvt and 

 iriiili' la HliiinInK gnidiinl liiipriivfuiint. TliiTr lina not Ix-cn a alnrtllng 

 liuriaair In htialni'aa. I>ut lunilx-rnii'n f>i-| tliat tl»' Irndi- la dovcluplng aa 

 Iiiat n< mndllluna will warrant. KvirylKxly Mi'iiia luillm-d tu take an 

 Mptlnilatlc vU'W of tliv altuatlun nod tin- fprllng la llial tin- ai-aaon'a 

 i.ii-ilni'iia will Hviragi' up vi-ry antUfarlnrlly. TIk' ninrkit la liuldlng Orni, 

 xlili iin upwiird li-ndcney In acmii- llni>a of norllii-rn linrdwuoda. partlru- 

 liirly Idrrli and iiiHpli'. Tbi-re la rvi-ry Indlrnllun lliat tlic avallabl<> 

 "iipply of dry nurthcrn linrdwooda la far from largi' and that a real 

 <hitrliiRt' may lie cxiMTlaMirt-d In aomo llm-a later In the aeaaon If bualneaa 

 d<'V<'lii|iH IIH It Ik exiM-oted to do. 



I'lirtory huyiTK ao«'m to tx- taking more Inli'ri'at In the market and 

 innst of these ronrerni* are plaelng lM*tler ordi-ra, Sloeka on hand nt 

 linii'tleiilly all the naah and do<ir nnd genirnl lni< rUir tinlah manufacturlnK 

 pliintK are llgbt. hh thoae ronei'rnM hiivt- Ih^'u )>iiylng only ti> nii*et their 

 iM-i-i'(.Miry riKiulreinentH for ko nmny niontlia. ,V iiiueh l>eller trade from 

 this source Ik expected a little Inter In tln' aeason. when building opcra- 

 Tloiis nttniu n greater volume. The farm Impli-iiii-nt nianufarturlng coD- 

 < I rns in Milwaukee, at Kaclne. Kenosha. JiiiMsville, llorlcon and at 

 • ilher points about the Htate. have been liuylng fairly well of late, although 

 It Is expected that the Ijulk of the seiison's business from this source la 

 now over with. The box trade seems to Im- fairly active and some good 

 orders for stock are reported from this source. 



The building activity In Milwaukee, which first manifested Itself In 

 Miireh. when the building Investment showed 11 i;nln of nearly J250.O0O. 

 l^ belni; well molntalned nnd eoch week In .\prll has showi^d a healthy 

 Increase In the number of permits and the amount involved. During 

 the week which ended .\pril 17, there were l.'iii permits Issued for struc 

 lures to cost $2S;<,.'>0.'. During the corresponding week In ItiH there 

 were i:i'2 permits granted. Building Inspector W. I), Harper Is confldcot 

 tlial building operations during Hll.'i will attain a new high mark. 



.Milwaukee wholesalers say that higher prices moy lie expected In some 

 lines of hardwood, In view of the Improved demand nnd the shortage In 



.Irv 



=-< LIVERPOOL >.= 



The morket here has been extraordinarily linn and brisk. Pricca 

 li.Tve advanced nt least thirty per cent since early December. It la 

 I'l-nred, however, thot this rise will be of little advantage to .\merlcan 

 slilppers ns It does not correspond with the Increased cost of freight. 

 Kxcept In a few Isolated Instances prlcCB arc still below the level 

 at which stock can be Imported, taking into account the F. O. B. cost and 

 the ruling freights. The conditions have In many casea been nlisolutely 

 ■ xtraordinnry; In some cases stocks have changed hands five and six 

 times. It Is thought that prices will go very much higher and the turn 

 of American shippers will come when old stocks are exhausted. It 

 must bo remembered that American lumlier stocks were excessively heavy 

 Inst .\ugust when the war broke out and only now have prices shown 

 any marked rise. 



.Vsh and hickory logs arc being eagerly bought for Immediate delivery 

 nnd American shippers could not possibly make u mistake In shipping 

 these Items to this port even nt present freight rates. If they can secure 

 tonnage. Ash lumlier Is also lielng bought, severnl contracts for 3" 

 having been made and being delivered at IH cents per cubic foot advance. 

 There has been a gmxl demand for 2" prime, and most of the stocks 

 In Liverpool were cleared out by n war offler buyer, but we tliink the 

 demand was only n temporary one. No. 1 common stocks are perhaps 

 the best selling Items, but all ash Is good ot present. Cypress has also 

 been selling well nnd several large orders hav^> been placed nt about 

 *05 C. I. F. Liverpool for prime stocks. It Is thought further orders could 

 be secured If shipments can be arranged for not later than the end of 

 May. Cottonwood 1x18 and up and cypress lVixl>< nnd up arc also 

 in demand, and It Is reporte<I that f'Ti has Ijcen paid for the cypress 

 Items. The stave boom Is over for the present though It may come 

 npnln. Shippers arc advised to avoid shipments unless absolutely against 

 definite orders. Very high prices have been paid, but there Is a decided 

 break In present values. Mahogany Is much better and fair prices are 

 being realized' for current stocks. No public auctions have been held, 

 however. Oak planks and boards arc selling well. The market has 

 been practically closed out of 'ihi" and 4" planks, the demand being 

 almost entirely In connection with gun carriage spokes. Oak l'/4" and 

 -■-i" has also been almost cleared and with stocks arriving quickly 

 would doubtless sell well but the market Is limited. Black walnut and 

 birch are also scarce ; In fact, there are no birch logs in Liverpool and 

 very little lumber. 



