HARDWOOD RECORD 



29 



IFi 



SI 



:0TT0NW00D 



GUM and HARDWOODS 



<PAEPCKE LEICHT LUMBER CO. 



Mills: 

 Cairo, 111. 

 Marked Tree, Ark. 

 Arkansas Citv. Ark. 

 Blythevtlle, Ark. 

 Greenville, Miss. 



General Offices: 



Tribune Building, 



CHICAGO 



*] 



JANNEY = WHITING LUMBER COMPANY 



WHOLESALE CASH BUYERS OF 



SOUTHERN AND NORTHERN WHITE PtNE AND HARD- 

 WOODS. SQUARES. BALUSTER STOCK. ETC. 

 Yard and Office tl5t Beach Si. Pier 52 North Wharves 

 PHILADELPHIA, PA. 



WHITING MANUFACTURING COMPANY 



MANUFACTURERS OF 



BAND SAWN STOCK WIDTHS IN 

 HARDWOODS AND WHITE PINE 



ELIZABETHTON, - - 



TENNESSEE 



H.C. HOSSAFOUS 



Manufacturer and dealer in 



Quartered Oak, Dimension Stock Ash, 



Plain and Quartered Oak, Walnut, Cherry. 



DAYTON, OHIO 



Summer Vacations 



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 Send 2c. stamp to 

 C. L. LOCKWOOD, 

 G.P. A., 

 G.R.AI. fty. 

 Grand Rapids, 



Mich. 



If You Want to Buy or Sell Hardwoods 



The Hardwood Record 



Is the Medium that can be 

 depended on for Results 



The export situation is a little more prom- 

 ising than it has been for some months, and 

 the houses are looking for a good summer trade. 

 Much, satisfaction is expressed, over the im- 

 provement in the poplar situation. It is slow, 

 but, nevertheless, steady, and more demand is 

 resulting, accompanied by a steady advance in 

 \ alues. 



Detroit. 



There is a noticeable scarcity of dry hard 

 maple. This is particularly true of firsts and 

 seconds in all thicknesses. There has been a 

 very large production of maple, however, in the 

 lower peninsula of Michigan during the past 

 winter and spring, and shrewd observers feel 

 that the market cannot advance to any extent, 

 as there will be a very large amount of stock 

 in shipping condition within thirty to sixty days. 

 The demand for maple continues good, especially 

 for flooring purposes, so that a firm market 

 seems assured. Basswood is perhaps a trifle 

 stronger, though its position is far from satis- 

 Eactory. Dry birch is going into consumption 

 rapidly, but the new cut will soon be offered 

 and little if any advance is looked for on this 

 item. Soft elm holds its own well. Beech val- 

 ues range on about the same level as- during 

 the past six months. Black ash is in urgent 

 request and the supply seems likely to be far 

 below the demand. Plain red oak is scarce and 

 extremely strong in price. Very little of this 

 wood, however, is now produced in Michigan. 



Bristol, Va.-Tenn. 



Lumber trade conditions in this city and sec- 

 tion continue good, and during the past fortnight 

 no material change has been noted. Business 

 has been so brisk that the majority of the deal- 

 ers and manufacturers are some sixty days be- 

 hind with orders, and are daily turning down 

 orders for .prompt shipment. The car shortage, 

 which has pervaded this section, has been to 

 some extent relieved, and it is thought that no 

 further trouble will be encountered in this par- 

 ticular. The output of mills during the past 

 few months has proved materially deficient to 

 supply the demand, and several new mills will 

 soon be put into operation. Prices on oak are 

 high, and it is now more the question where to 

 get the oak stock than that of price. Poplar is 

 gradually rising in price and the conditions in 

 poplar channels are much more encouraging 

 than for months past. Prices paid now for this 

 stock are considerable in excess of those of a 

 few weeks past. Chestnut is in heavy demand 

 with good prices. An unprecedented demand ex- 

 ists for sound wormy chestnut stock. White 

 pine is also in good demand with fair prices. 



London. 



The hardwood market is dull and inactive, and 

 sufficient stocks are arriving under contracts to 

 meet demands. Plain oak boards are in good 

 demand and if in dry condition sell well at from 

 $45 to $50 per mille for firsts and seconds, and 

 $85 to $40 per mille for commons. 



There is very little demand at present for 

 quartered oak and shippers would do well to 

 hold their stocks, as there is likely to be a 

 market shortly. 



Walnut logs are not wanted in this market, 

 unless prime, large and suitable for veneers. 



Lumber is in good demand (both in boards 

 and planks), especially in medium and cull 

 grades, which are selling at from $60 to $70 per 

 mille and $40 to $45 per mille respectively. 



Satin walnut (red gum) is selling freely for 

 forward delivery at from $37.50 to $40 per mille 

 for firsts and seconds, and at from $25 to $30 

 per mille for commons. Saps are not wanted : 

 consignments are not arriving too freely, nor 

 should they, as if these goods are not sold im- 

 mediately on arrival the heavy storage charges 

 take the "gilt" off. 



Whitewood logs are not wanted ; in planks the 



market is overstocked, and these move very 

 slowly : planed boards are selling at about ) 

 per mille for 1-inch stock, and while there is 

 not too much offering, buyers are not anxious 

 at these prices. Commons and culls are in little 

 demand and shipments should be curtailed. 



Baltimore. 



Nothing has occurred within the past two 

 weeks to make the hardwood situation appear 

 less favorable than it has for some time past. 

 In fact, the trade has gained strength so that 

 dealers who can get adequate supplies of lum- 

 ber are certain to make money. Manufacturers 

 who got their stumpage at reasonable figures 

 are in a fair way to make liberal profits and 

 find a ready market for the output of mills 

 worked to the limit of their capacity. Stocks 

 are in urgent demand and all the plants seem 

 to have orders ahead for months to come. Deal- 

 ers are active in securing lumber and much 

 competition prevails at milling points. The 

 trouble now is that the manufacturer and the 

 dealer cannot get supplies fast enough, the call 

 being for large quantities. This is especially 

 true of plain sawed oak, in which grade some- 

 thing like a scarcity exists. 



The only factor in the trade who may not 

 be in the happiest frame of mind is the middle 

 man who neglected to provide for the present 

 exigency in advance, and whose lack of fore- 

 sight prevented him from making arrangements 

 with mills to obtain stocks at advantageous 

 prices. He is now caught between the increased 

 demands of the mills and the level of quota- 

 tions fixed by the volume of business and at 

 the advanced rates he must pay there is little 

 or no money in the business for him. The 

 dealer, however, who saw what was coming and 

 acted accordingly is hardly in a less enviable 

 position than the mill man, since no effort at all 

 is required to make sales. 



Export conditions as to oak are not so sat- 

 isfactory, the stocks held abroad being larger 

 than is compatible with firmness in the market. 

 It is reported from Liverpool, for instance, that 

 a single firm there has not less than 15,000 

 pieces of oak wagon plank on hand, which, if 

 it indicates the holdings of the other firms, 

 shows heavy accumulations that serve to keep 

 prices lower than they should be. Caution in 

 making shipments is therefore enjoined. 



The domestic inquiry for ash and other hard- 

 woods in general use is hardly less active than 

 that for oak, and almost without a dissenting 

 voice the dealers' express gratification. Prices 

 are high and steady and good lumber is quickly 

 taken up. Poplar is somewhat lower than 

 might be expected, though stocks do not seem 

 to be inordinately large, but an improvement 

 has been noted of late, and the situation is in 

 the main satisfactory. 



Buffalo. 



Some of the hardwood dealers are finding the 

 demand a trifle slack, but as others do not re- 

 port any slackness it will have to be set down 

 as a personal condition that is not likely to be 

 general. There has been a better hardwood 

 movement this spring than last. The demand 

 has spurred the local trade to hunt for stock 

 more than ever before and the result is a lar- 

 ger in-bound movement than was thought pos- 

 sible earlier in the season, especially in plain 

 1 ak, although it has been necessary to bring 

 quite an amount of it in green to make sure 

 of it. 



The increased demand for poplar, though by 

 no means rushing, is having its favorable effect, 

 while cypress has sold as fast as it could be 

 obtained, some dealers finding that they need 

 quite a circuit of sawmill connections to get 

 their orders filled at all promptly. Those who 

 have gone into gum and cottonwood are also 

 much pleased with the trade. 



If basswood would only move the list would 



