August 2h. 1915 



HARDWOOD RECORD 



43 



some time past. While selling prieos liave not steadied up at tlie pres- 

 ent moment to a very uotieeable degree, all argument is now on the 

 side of strengthening values. The inijulry tor ttiin lumber has taken the 

 attention of the market ; this, together with the increased call for good 

 white ash, may be added to the already reported munition supply require- 

 ments. While there are some dealers who cannot and some who would 

 not report improved conditions and prospects, an intelligent analysis 

 shows a very favorable situation and future. 



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=■< BALTIMORE >= 



It cannot be said that any positive gains have been made in the hard- 

 wood trade, though somewhat more activity seems to prevail. Prices 

 remain about the same, and the bu.vers still seem disposed to content 

 themselves with providing for the more immediate needs only. Con- 

 servatism and caution continue to rule the market, the outlook being 

 considered too uncertain to augment holdings, even though this can be 

 done now at rather attractive prices. Few of the hardwood tnen have 

 a considerable amount of business ahead, but it is also to be said that 

 new orders come in with sufficient frequency to bring the total volume of 

 business done well up to former figures. Some (irms state that tbey arc 

 running ahead of some months and that July has been better than almost 

 any preceding month. Of course, with regard to prices, it is largely a 

 matter of buying right. The returns to the wholesaler may not seem 

 large, and he is obliged to exercise care lest he make a loss, since the 

 ideas of tiie mills as to values appear to be higher than before. The 

 niannfacturers, however, are not pushed, and quite a number can be 

 found to make concessions in order to meet their necessities. The number 

 of these manufacturers, however, is getting smaller, and the trade as a 

 whole has gained in steadiness. The furniture manufacturers, among 

 others, are still holding back. The demand from this source has lagged 

 for several .years, although recently a better tone has been noted. Other 

 large consumers also are not uniformly in the market, some having larger 

 requirements to ir.eet. while others are going ahead much as before. The 

 promising feature of thi* situation, however, lies in the fact that supplies 

 have been drawn upon to such an extent as to make replenishing in- 

 evitable before long. No matter how the consumers want to economize, 

 they must place new orders to cover urgent necessities, and this is boutul 

 to result in greater activity. 



Some concern is now manifested in over the export business, which had 

 of late shown gratifying signs of recovery, with the movement increasing 

 and prices holding at an acceptable level. The situation with respect to 

 foreign exchange, however, has grown so unsettled that this may affect 

 the forwardings to an appreciable extent. Of course, the difficulty can be 

 met by adopting the dollar as the medium of exchange, in which case 

 the fluctuations of the sterling and other foreign exchange will be with- 

 out effect. Such shippers as have heretofore hesitated to Insist upon a 

 more stable standard than sterling will now be forced by the exigencies 

 of the occasion to join the exporters who long ago declined to do business 

 except on the basis of the dollar. 



=-< COLUMBUS >• 



Hardwood trade in Cohinibiis and otnitral Ohio territory has ht'en 

 fairly active during tlie past fortniebt. Business witli the manufacturers 

 is better, which coupled with the steady demand from yardmen makes a 

 fairly good volume of business. The tone of the market is good. 



Buying on the part of retailers continues steady. Retailers are still 

 Iniying only for the immediate future, and dealers also are not Inclined 

 to accumulate stocks. Shipments are coming out promptly from every 

 lu'oducing section and no troubU- over lack of oars is reported. Factories 

 making vehicles and implements have increased their orders. This, 

 coupled with the demand from furniture concerns, makes the mann 

 facturing end more prominent. Factory purchasing agents are buying 

 only for immediate needs. Prices are generally well maintained although 

 some cutting is reported where there is a desire to move stocks. But 

 on the whole the shading is not sufficient to demoralize the market. 



Building operations are still fairly active and this is one of the best 

 features at this time. Some new stnictures are projected although new 

 work is not so large as formerly. Many of the operations started several 

 months ago are still going forward and there is a steady demand for 

 hardwoods. Collections are still slow. 



Both quartered and plain oak are in good demand and prices are firm 

 at former levels. There is also a good movement in chestnut, especially 

 the lower grades. Poplar is in fair demand and the same is true of ash. 

 l»asswood is stronger and other hardwoods are unchanged. 



=-< CINCINNATI y 



^Vhile mid-season activity now has reached what probably will be its 

 highest level for the year, and general satisfaction is expressed through- 

 out the trade over the trend of events, and the last two weeks have 

 been decidedly encouraging, still the situation is far from what it should 

 be. Reports from the East are the most encouraging of those received 

 from any quarter and it is in this direction that the more optimistic are 

 looking for a general revival of the old time vim which formally so char- 

 acterized the hardwood market. 



I I 



Kentucky Oak. 



results in 



Satisfied Artisans 



meaning 



Money Saved 



ITS growing conditions ENFORCE an unvarying 

 uniformity of color and grain. Its texture has a 

 silky softness that delights and contents your workers. 



TS beautiful, clean boles make possible unusual 

 widths and lengths in which we specialize. 



The followin£^ values. 

 All Kentucky Stock Should Attract You 



m 1 car 4/4 Clear Saps & 



= Selects Poplar 



g 3 cars 4/4 No. 1 Common 



= Poplar 



^ 2 cars 4/4 No. 2 A Common 



= Poplar 



= 1 car 4/4 No. 2 B and No. 



= 3 Common Poplar 



= 1 car 4/4 11" & Up Agri- 



p cultural Poplar 



= .*) cars 4/4 No. 1 Common 



m & Bftter Chestnut 



E 1 ear 5/4 Sound Wormy 



E Chestnut 



= 2 cars 4/4 1st & 2nds 



= Plain White Oak 



= 10 cars 4/4 No. 1 Common 



= Plain White Oak 



10 cars 4/4 No. 2 Common 



Plain White Oak 

 10 cars 4/4 No. 3 Common 



Plain White Oak 

 G cars 4/4 Sound Wonny 



Oak 

 3 cars 5/4 No. 3 Common 



Mixed Oak 

 2 ears 4/4 1st & 2nds 



Plain Red Oak, ail 10' & 



12'. 

 25 cars 4/4 No. 1 Comnion 



Plain Red Oak 

 25 cars 4/4 No. 2 Common 



Plain Red Oak 



2 cars 6/4 Log Run Beech 



3 cars 8/4 Log Run Maple 

 2 cars 4/4 Log Run Walnut 



I E. R. SPOTSWOOD AND SON 



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MANUFACTURERS 

 LEXINGTON, KENTUCKY 



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J. K. WILLIAMS 



A. T. WILUAMS 



Williams Lumber Co. 



(MANUFACTURERS) 



WHOLESALE 

 HARDWOOD 



LUMBER 



Band Mill Planing Mill Dry Kiln 



Fayetteville, Tenn. 



We manufacture PLAIN and QUAR- 

 TERED OAK, ASH, CHESTNUT and 

 other HARDWOODS 



Our Specialty is Quartered White Oak 



We Manufacture Dimension 

 Stock— Hickory a Specialty 



