June 10, 1915. 



HARDWOOD RECORD 



55 



ingly, which is reflected In the commitments with regard to lumber on 

 the part of the manufacturers of furniture. On the other hand, some of 

 the big consumers find themselves confronted by augmented needs, and 

 the inquiry from this direction shows some expansion. Gains are to be 

 noted here and there ; in the aggregate, however, they do not attain 

 sufficient momentum to cause a marking up of the quotations. Prices 

 continue relatively easy, though on the whole the range of values is 

 rather firmer, and the entire list has experienced some benefits. Of course, 

 the chief cause of whatever unsettlement may be said to prevail, lies in 

 the international situation, which remains sulBclently delicate to cause 

 hesitation and to arrest tendencies toward a revival of activities. That 

 the effect of the international situation is not more pronounced, must be 

 attributed to the bright outlook for large crops and the improvement in 

 general mercantile and industrial conditions, which cannot fall to com- 

 municate itself to the lumber hardwood trade. 



V E 



E E R 



=-< COLUMBUS > 



The hardwood trade in Columbus and central Ohio territory is holding 

 up fairly well when general business conditions are considered. There 

 is a fair demand tor stocks and prices are steady at the levels which 

 have prevailed for some time. On the whole there is a slight improve- 

 ment in the tone of the market, with future prospects becoming brighter. 



One of the best features of the trade is the better demand from dealers. 

 Building is active not only in Columbus but also in the smaller cities 

 and towns in the central part of the state. Buying on the part of 

 retailers is still being done only for the present. Dealers' stocks are 

 not very large for the time of the year. Factories making vehicles 

 are buying in limited quantities and the same Is true of some furniture 

 concerns. On the whole manufacturing establishments are not inclined 

 to buy for the future. 



Shipments are coming out promptly all along the line and no trouble 

 over car shortage is experienced. l>ry stocks in the hands of mill owners 

 are not very large. Collections are bad in every locality. The Euro- 

 pean war is still having a bad effect on the lumber trade in this state. 



Plain and quartered oak is in fair demand and prices are ruling firm. 

 Poplar is selling fairly well although some grades are a drag on the 

 market. Chestnut is moving well and prices are steady. .\sh is quiet. 

 There is a good demand for basswood. Other hardwoods are un- 

 changed. 



=-< CINCINNATI >= 



■ A marked excess of rainfall for the montb of May, coupled with equally 

 unseasouabte chilly weather for the middle month of spring, made itself 

 felt in no slight degree in the hardwood market and put a sudden quietus 

 to the impetus given the hardwood working plants during the month of 

 April. This setback was felt in all branches of the hardwood market. 

 The building trade, which had just begun to get good again after a long 

 period of stagnation was one of the first allied hardwood industries to 

 receive a shock from the weather man. With the beginning of inclement 

 weather, it was thought by the hardwood men that they would escape 

 and that the softwood dealers would be the hardest hit. The erecting 

 stage, however, was not far enough advanced and a severe crimp was 

 put in those who relied on the hardwood flooring demand, sidewalls and 

 other interior hardwood finishing. In fact all the hardwoods have been 

 given a set back, although the dealer in yellow pine probably was the 

 one who had to carry the brunt of the burden. With the beginning of 

 June, the skies have cleared and it is predicted that a quick revival in 

 the hardwood market will follow, and while the outlook is none too rosy, 

 the hustlers are confident that the big increase in building permits which 

 soon must get under way will tend to clarify the situation. 



The larger mills in Cincinnati are working up to practically normal 

 capacity, and while no exceptional boom is looked for in this quarter, 

 there is an air of expectancy for a gradual improvement. 



April was the mouth when the first silver lining was discernible, and 

 it still stands out as the best month so far in 1915. The hardwood men 

 are now pinning their faith on June, which, judging from the fresh 

 volume of inquiry and ordering, promises to be the banner period of 

 the late spring. 



Prices are holding their own with a tenacity which is rather surpris- 

 ing. There is little tendency noted among the manufacturers to do any 

 cutting, all evidently going on the theory that affairs surely can not get 

 worse after what was endured during the winter. Considering the rather 

 poor business all around, collections during the past month were fairly 

 good, money easing up in the West with the gradual loosening up of 

 conditions in New York. 



The demand, if centering at all upon any certain line, probably has 

 picked out quartered white oak and the plain as its favorite of fortune 

 during the last fortnight, although the various grades of oak can hardly 

 be classed as the best sellers. The demand is general and while not 

 heavy in any one quarter is well scattered. Poplar, which has not 

 been displaying any too much activity within the last few weeks, seems 

 to have settled down to an ominous quietude and is giving its dealers 

 no little concern. The call for hickory is one of the bright spots in 

 the market, the carriage and automobile manufacturers being the ones 

 which make this lumber among the most active of the entire list. 



Foreign orders continue to keep walnut lumber on the jump and prob- 

 ably as long as hostilities continue in Europe walnut will be one of the 



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