July 10, loin. 



HARDWOOD RECORD 



41 



great deal of it will be threshed. From present indioations the yield will 

 not be over from sixty to seventy per cent of the normal crop, and in some 

 sections of the state the yield will be as low as forty per cent. The oats 

 crop was fair and from present indications the corn crop in Indiana this 

 fall will be the largest in many years. Alanufacturers are banking a great 

 deal upon this, and sa,\'' that crop conditions taken as a whole are not 

 discouraging and that business is bound to pick up by and by. 



The condition of wood consuming factories in Evansville is on the 

 whole one of encouragement. The buggy and wagon factories here are 

 running on full lime. One of the largest furniture factories in the city is 

 l)eing operated on full time now with ninety per cent of the normal 

 working force. Other furniture factories are crowding the mark. If 

 this condition continues for several weeks, hardwood lumber manufacturers 

 point out they are bound to sell these factories more lumbei-, as in many 

 Instances the lumber stocks are quite low. The recovery of the factories 

 from the war slump of several months ago is now an accomplishe<l fact. 

 Trade conditions in the South and Southwest, where a great many Kvans- 

 villc products, such as chairs, desks, tables, wagons, carriages, and many 

 other commodities are sold, have gradually improved during the past few 

 weeks. 



The retail lumber trade has been ahont as good this summer up to this 

 time as it was during the same period last year. Planing mills have been 

 able to operate pretty much on full time. Building opeiations are fairly 

 active now. Sash and door men have complaine<l all along about their out 

 of town trade, but say thoy have enjoyed a good local trade. Building 

 materials are a shade cheaper in this section than a year ago and Ihis has 

 tended to stimulate building I<i sduie extent 



=< MEMPHIS > 



=-< BRISTOL >.= 



Trade conditions are reported unsatisfactory by the hardwood manu- 

 facturers and wholesalers in this section. However, some of the lumber- 

 men report that there is very slight improvement in business. The general 

 feeling is that there will be no material improvement in business until 

 the European war ends. It is believed that the ending of the war will 

 greatly improve the lumber business in this country. The majority of the 

 mills are busy, but on the whole the shipments from tliis territory at 

 this time are probably not more than half of the output of the mills. 

 The mills will continue busy for some time at least. 



Production of hardwood lumber is still on a rather conservative scale 

 and indications are that this policy will be continued until there is a 

 more active demand than at present. While members of the trade say 

 that they are doing a good business in some lines, it is admitted that the 

 general demand is not as active as was anticipated, with the result 

 that those who began operations a short time ago on the theory that 

 the turn in the tide had actually arrived have, in a number of in- 

 stances, either closed down altogether or have cut down their running 

 time. The market i.s still peculiar in the respect that the demand is more 

 for specialties than for the general run of stock. Efforts have been made 

 during the past few weeks to maintain prices, but these have not been 

 altogether successful. It is well established that some numufacturers and 

 distributors of hardwood lumber have refused to book orders because of 

 the low prices offered luit the fact remains that a considerable quantity of 

 lumber is being sold at |)rices that are not yielding much profit, if any at 

 all. Export demand recently has been somewhat broader but, as has been 

 the case for some time, this still runs very largely to the specialties, with 

 particular reference to ash, thin sap gum and plain red gum. Ocean 

 freight rates are still high and transportation facilities are quite re- 

 stricted, ^ith the result that members vf the trade here do not anticipate 

 any general volume of business with Europe imtil conditions in both 

 respects are .somewhat more favorable. 



Logging operations are being conducted on quite as conservative a 

 scale as manufacturing. There is no disposition on the part of members 

 of the trade here to get out large quantities of timber. It is recognized 

 that, while general improvement is expected, it may be a little slow in 

 coming, and there is nobody who wants to have a big stock of timber 

 on hand which must lie converted into lumber in order to prevent 

 deterioration, whether the condition of the market justifies this course 

 or not. The amount of lumber offered is not large. The log loading 

 companies are doing a very moderate business and altogether it may be 

 said that both logging and manufacturing operations are being carried on 

 in the same conservative manner which has characterized both processes 

 for a number of months. 



Lumber interests here have been very much disappointed over develop- 

 ments in the strike situation at Chicago. It was thought a short time 

 ago that this trouble had been entirely elimicnted and that a return to 

 normal would quickly follow. It would seem, however, from move re- 

 cent dispatches, that the situation has grown much worse. Memphis 

 sells large quantities of hardwood lumber to manufacturers and dis- 

 tributors in Chicago, much of which is used in the building trades. This 

 demand is largely eliminated through the present strike and the efforts 

 of the handlers of building material to break the deadlock. There is some 

 compensation in tbe fact that genera! building operations throughout the 

 country are on a somewhat more liberal scale, but the fact remains that 

 the Memphis territory is suffering to some extent as a result of the 

 complications in the Windy city. 



Paepcke Leicht Lumber Co. 



Conway Building 111 W. Washington Street 



CHICAGO 



RED GUM 



AMERICA'S FINEST CABINET WOOD 



Consider its good qualities. 



It has strength. 



Can be brought to a very smooth sur- 

 face and consequently will take 

 high polish in finishing. 



Will not split easily. 



Runs strong to wide widths and long 

 lengths. 



Is not easily marred or dented. 



It can be supplied flat and straight — 

 free of warp and twist. 



Has beauty, color, life and character. 



Considering its numerous good quali- 

 ties, it is the lowest priced good 

 hardwood on the market today. 



We are the largest producers of Gum 

 in the world. 



Have a large and well assorted stock 

 on hand at all times. 



Can manufacture special thicknesses 

 on short notice. 



We guarantee 

 QUICK SHIPMENTS 

 GOOD GRADES 

 DRY STOCK 

 GOOD WIDTHS 

 GOOD LENGTHS 

 SATISFACTION 



Band mills at 



HELENA, ARK. BLYTHEVILLE, ARK. 



GREENVILLE, MISS. 



Write, phone or wire {or prices 



Paepcke Leicht Lumber Co. 



Conway Building 111 W. Washington St. 



CHICAGO 



