48 



HARDWOOD RECORD 



Auguat 2.'>, 1013. 



OUNDNESS 



Rcadv Resources $925,845 



URPLUS 



and Reinsurance Reserve. . . 856,634 



AVINCS 



Returned to Subscribers. . . . 546,757 



ERVICE 

 60-da}) Inspections; Monthly Fire Bulletins. 



These are some of the vital features 

 upon which the manag^ement 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 underwriting. 



$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 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, 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. 



BARRT B. CLARK 



Wtatsra RtprtnatatlT* 



Portland. Or*. 



Attorney in Fact 



KANSAS CITY. MO. 



tlio IndlcntlonH iiri' tliiil iIiIh niti' of IntriiiHc will lii' iiiiiri' timii iiuilii' 

 tnliicd. .\iiiiiiii,- the lile Ktriiclun-K wlilrti arc Nclirdiiliil to k" <■!> wllhlii iIk- 

 ■ii'ar fiiliiri' Ik Hip f ^.(KKi.dlXi i,'niiii I'IcvntnrK or tlir ClilenKo & .Nortli 

 WiKli'fn Itallronil, thi' prrllinlimry work on wliloli linn nin'iidy Blarti>d. 

 Mluviiuki'i' hiiH .$Snri.O()0 to I'xpi'iiil In school iidilltlMiis thin yrar. 



.V trip about thi' Hintt' kIvi'k one tho linprvxHlon that IhiTi' In roiiHldor- 

 iihic bulldlni; koIiik on In the sdibIIit cIIIi'h and townH anil In tho country 

 diKlrU-ts about Wisconsin. This ouKhl to convlnci- ri'tnlliTH that Ihcy 

 should not delay lonsor the work of nplenlNhlni; Ihidr stocks In ordrr 

 lluit they may be In readiness for the comlnK fall rush. Wholesalers are 

 CDdravorlne to Impress dealers with the fact that now Is the limp to 

 place their orders before nil the available cars are tied up by the big 

 Kfalii rush whldi is expected a little later In the season. 



One of the most favorable slj;ns for t;eneral Improvement In all lines of 

 business Is the line crop outlook all over Wlsc^msln. A bumper (crain 

 crop has been harvested and Is now beluK Ihresbeit In this section of the 

 state. The corn crop Is now making line hiadwny and unless somctblDK 

 unforeseen occurs, a big yield can be expected. When crops arc good In 

 this state It usually means that business In most lines Is satisfactory. 



There seems to be Increaslni; activity In the local factory trade. The 

 sash and door and general interior woodworking concerns are placlne some 

 Rood orders, while an even better business Is expected from this source 

 later In the season. The farm implement and furniture maiiufactiirlnK 

 plants are making inquiries and buyinR some stock, hut a much better 

 trade Is expected later. A large supply of hardwood Is reportc'd at some 

 of the northern mills, but It Is believed that slocks arc not especially 

 lai;;i\ .\ slightly firmer undertone Is noticed in the price of some lines 

 of hardwood. 



=-< ST. LOUIS y 



A satisfactory call for hardwood is rcportt'd. The drmand Is for quick 

 delivery for immediate use. There Is expected to be a better call before 

 lonjr for siockinij up purpnses. The factories have been doing Komo small 

 l)uyint: for their present needs. Tlicy are not taking any more than they 

 eati help, however. Railroad biiyln^r is sbowlni; a «IiKbt ini'reuHe but rpdte 

 a lot of buying is looked for from thlH source shortly. KroTn the great 

 destruction of railroad property occasioned by the storm of the past few 

 days, the railroads are expected to come Into the market soon. 



Oak and ash in the higher grades are showing some activity. Prices 

 as a rule show but few changes. The cypress demand is slow and no 

 stocking up is being done on this item. Prices are Arm with but few 

 concessions being made to stimulate trade reported. 



=■< GLASGOW y- 



Tlie tiiiilx-r trad"' in (Ilast'^)w aiid the West (>( Scoliand h;is lieiri \'.'i\' 

 slow for some time past and the intervention of the summer holidays 

 did not improve matters. Business has just gotten started again, but 

 very little headway is being made. Conditions prevailing are not nearly 

 what could l>e called active altho a moderate omount of selling is taking 

 place from recent arrivals. Movement from the qi'a.v is brisk, but this 

 is explained by the fact that It Is the removal of shipments which came 

 in previous to the holidays. Shipbuilding orders call for very little tim- 

 ber and this is likely to continue for some time as practically all the 

 yards arc on government orders. Packing case makers are well employed, 

 quite a number having government orders on hand. Tliis consumes a 

 large quantity of spruce. However, prices are so high Just now that this 

 alone is hindering sales which might go through. Buyers do not seem 

 to understand that prices have not reached their high water mark ond 

 that delay is fatal. The policy adopted Just now is that of supplying 

 only against actual requirements. 



During the past fortnight three barques have arrived with spruce 

 cargoes from Canada. With these coming to a rather bare market it was 

 to be expected that big lines from each would be sold ex quay. However, 

 this has not taken place, and while a number of sales are reported the 

 major portion of each has had to be stored. 



Throe vessels have arrived within the past month from .\rehangel with 

 deals and boards, but these arc against old contracts. The steamship 

 "Newland.s" from Quebec arrived about a month ago with a cargo of Quebec 

 timber consisting of birch, fancy pine, ash and walnut logs and a deck- 

 load of spruce deals. Birch logs were the prominent feature, there being 

 about 4.000 logs. Wliile a number were on contract the larger part was 

 in consignment, and most of them have had to be stored. The "Yar- 

 borough," also from Quebec, is due and brings a large consignment of 

 timber and deals. The demand for Quebec lumber is likely to be small 

 and consignment lots now arriving will have to he held for some time. 

 Birch, as already stated, has been over-consigned, and prices will therefore 

 he much affected. A few shipments of Quebec birch planks which have 

 arrived recently have been sold at high prices, and there being practically 

 no stock on the market further shipments should command good flgrnres. 

 Two consignment lots of lower port birch have also arrived, but so far no 

 progress has been made. 



The position as regards freights from United States and Canada to this 

 side have kept remarkably steady all over of late and the tendency Is still 

 upward. An unusual feature is the number of sailing vessels now on 

 passage. Chartering, however, is slow and only a few charters fop deals 

 and pitch pine have been reported. To almost any port in the United 

 Kingdom it is impossible to get space from the Pacifle coast. 



