44 



HARDWOOD RECORD 



Juno l>n, 1016. 



OUNDNESS 



Read]; Resources $925,845 



URPLUS 



and Reinsurance Reserve. . . 856,634 



A yiNCS 



Returned to Subscribers. . . . 546,757 



ERllCE 

 60-da\; Inspections; Monthl)) Fire Bulletins. 



These are some of the vital features 

 upon which the management of the 



Lumbermen's Underwriting 

 Alliance 



bases its plea to the LUMBERMEN FOR 

 A SHARE OF THEIR Insurance Lines. 

 These safeguards are the result of TEN 

 YEARS of successful undcrwritincr. 



$155,000.00 



in CASH DIVIDENDS went into the treas- 

 uries of ALLIANCE Policyholders in 1914. 

 Owners of protected plants, with five or 

 more years' timber supply, are invited to 

 become identified with us. 



U. S. EPPERSON & COMPANY 



Attorney and Manager, KANSAS CIT^ 



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, with 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 RaprasentatlTe 



Portlaod. Ore. 



Attorney in Fact 



KANSAS CITY, MO. 



=-< LOUISVILLE >-. 



IIiihIiU'Ks Ik hIiowIiii: whiip Impriivuiiioiil, Inntcnd of driipiiliik; luiok. iih I* 

 iiMiiilly Ihi' oiini- ul iIiIh si-uHoii .if tli.; yeiir. .\b llie HUiiiiniT In inlvniiclnK, 

 111.' ti'iKl.'Ucy \v.jiilil 1)0 to ml .lowii inirchiiNi'K. hut tli.T.' Im in. t'liiiii<'<< for 

 IliU III |iri-Hi'iit oil n.i'oiiiit of III.. iiUki'Iii'c of kIocKh nl roiiMiiiiliit; fiiclorlra. 

 ll.'iKM' any ronNiiiii|>lloii Hint |h r.'.-or<li'U liy tlii'iii nK'niiM iiion- hiiyliiK. and 

 this III turn Ik .•j;iiimI.<I i.. ki.'ii lli.^ hnnlwooil iii.'ii hu»y UurliiK July niid 

 .AiiKiist. wlili'h ordliiHi'lly an- dull |..Tl.idn In Ilic hu»lncHii. .Miiiiy wliolf- 

 siil.Ts r.port tliiit K"o<l ord.-iH liiiv.- h.'i'n boi.k.'d for Klilpiiiont next mouth, 



the lU'vi'lopiiiiMit ..f liuyliiK iili.'iid li.'InK nnolh.T .• iiriiKliiK kIkii. mid hIiow- 



InK that .•..iisii rs iir.' ii lltll.- iii..r.' .'oiill.l.iil Iliiiii lli.y liiiv.' I ii rci-cntly. 



The furiilliii'.' shoWK will soon li.' on, iiiiil Hi. r.' is cv.ry r.'ns.in to ln'llcvc 

 thiit they will devclo|i (tood liusliicss. Th./ Iiiirdwood Iriidi' will lii-neflt 

 from o|illnilsiii reci-lv.'d by tli.' niunufiulun-is from th.' i-xlillillLiiis, and 

 licnco Ihcy are iiullInK for K"<>d .ird.'rs fr.uii th.' n'tallcrs. .\»li Ik KcllInK 

 very well at pri'scut. ilii' niiirktl IicIiik stronc. and a numhi-r of Itcina hi'lnc 

 scarce. Quarl.'red oak Is lioldlni.' ii|> well In firsts and seconds, hut the 



lower gradeii are not villi; much. Lon'-erade plain oak is aiRo dull, 



while Kood Is selllni: "t ii iiior.' rnplil rat.; than heretofore. I'liplar Is a 

 gooil m.jver, l.otli In mnKli liimh.r and dimension stock. Chestnut Is quiet, 

 though sound w..rniy Int.; Uo>'ii ilr.ti fii i.i-tr-. 



="< MILWAUKEE >= 



The Wisconsin crop report for .tunc, recently Issued by the state board of 

 agriculture. Is so favorable In tone that luml).-rinen are l.mklnK at thlURs ii 

 Utile more optimlslleally. It Is usually an unfailing sign iliat general busi- 

 ness Is satisfactory in Wisconsin wh.'n crops ai.' good, and It would seem 

 at the present time that, unless sum. 'thing nntor.'se.'n occurs, a buni|ii'r crop 

 will he harvested In this state this s.ason. The report shows ii gain In liolh 

 111. .-ondillon and acr.'ag.' of the heading crops. 



Till' liiilkllng situation In Mllwauk.'e Is showing a little more activlly ami 

 the building Investment from week to week Is showing a slight gain. Ilulld- 

 ing Inspector W. I>. Harper says that enough large bulliling pi.ij.'cls have 

 been planned to bring tli.' total record for the s.asou abov.' lb.' point reached 

 last year. There seems t.i be conslderabl.' building g.>Iug on about thi' state 

 and this has resulted In a better retail trade at most points. Wholesalers 

 say that most dealers are now IncIintHl to place slightly larger orders, so 

 that they may get their stock up In readiness for the late summer and 

 early fall trade. 



The demand for hardwood is holding up well at the present time, C8|>eclall.r 

 for woods used for interior Unlsb, and hardwood flooring Is in brisk demand. 

 The sash and door concerns here In Milwaiik..' s.'eni to be buying a little 

 more freely. Stocks at these plants have been s.i low for months that when 

 I'usiness improves It means that larger orders have to he placed. 



While the bo.^ trade is only fair, low grade hardwoods are holding strong, 

 due to the fact that stocks In this line are no more tlian equal to require- 

 ments. 



Wholesalers and the Milwaukee trade In general believe that hardwood 

 prices will lie well maintained throughout the coming dull summer season. 

 .\vallalile dry stocks In birch and various other lines of northern hardwoods 

 lire far from large. Of course, new stocks, especially In basswood, are be- 

 ginning to arrive, but the new birch cut will hardly be in shape for use for 

 some time yet. If the pi'esent level of prices can be maintained through 

 til.- siiniiiicr, wb.iI.'saliTs look for .Tii a.haiic.' n.^xt fall. 



=-< GLASGOW >= 



Very little alteration has taken place during the past fortnight in the 

 west of Scotland timber trade, the quiet conditions still continuing. Ship- 

 liiiildiiig requirements have dwindled away to minimum proportions, a state 

 of alTalrs likely to inevall for a considerable time, as all the shipyards are 

 now on government work. Housebuilding remains very dull, and with in- 

 creased price and labor didiculties, this Industry is not likely to show much 

 Miilvily. Packing case makers and wagon builders are fairly well employcd,^ 

 the former having a fair number of contracts for the government. Spruce 

 d.^als continue to come fon\ard pretty freely, and ronslderable difficulty is 

 experienced in selling from the ijuay, with the result that prices arc inclined 

 to be easier. However, quite a large quantity is being stored rather than 

 lase the prices, as it is thought that prices yet will be maintained. Of 

 course, until it is known what supplies arc to be expected from the Baltic, 

 merchants are delaying imrehaslng, and on this fact the question of price 

 is entirely dependent. 



The tlrst arrivals from Montreal have consisted mostly of contract goods,^ 

 and comprise largely birch logs, third and fourth pine deals, but the few 

 consignment lots, whether pine or spruce, have met with poor request, as 

 trade being dull and high prices to be faced do not induce buyers. It is 

 understood there has bc-n some trouble with the birch logs sent in on con- 

 tract, the quality not being all it should have been. 



The movement in .\merlcan hardwoods Is quiet, and only an occasional 

 sale of oak boards Is reported. Quite a quantity of silver pine has been 

 sold from this market to England, and a large quantity has been shipped to- 

 France. Very little stock is now reported available, and prices arc likely 

 to go higher. 



Recent sales Include whltewood boards, chiefly of the lower grade, prime 

 walnut, hazel pine boards, ash and hickory logs. The demand for Gaboon 

 mahogany Is brisk, but owing to freighting difficulties, supplies cannot be 

 forwarded, with the result that prices are advancing. 



