October 25, 1920 



HARDWOOD RECORD 



57 



INDIANAPOLIS 



Little change is to be noted iu market conditions in and ai'uiiud Indiau- 

 jipolis. The demand, while better than two weeks ago, is not what it 

 should be at this season ot the year, however certain bright prospects tor 

 building are to be seen next year that give the trade hopes for its being 

 the banner building year in Indianapolis. Not only is some really big 

 building on the boards of the various architects, but announcement has 

 been made that the Indianapolis quota ot the building fund of the Metro- 

 politan Life Insurance Company now is available and that the Housing 

 Corporation's 12,000,000 capital is being rapidly .subscribed. These fea- 

 tures have given, locally, a much stronger tone to the market. Dealers 

 are convinced that these aiding influences will not be made noticeable to 

 any marked degree until spring, but at that time they are expected to 

 give a wonderful impetus to the building industry. Conditions surround 

 ing the woodworking industries are practically the same. Some are work- 

 ing to capacity, but most have curtailed their activities and are out ot the 

 hardwood market for the time being. Railroad transportation continues 

 to improve and the trade here is convinced that mo.st of troubles of this 

 nature are at an end. This condition has had its effect on the local mar- 

 ket, for many of the dealers now that the necessity for ordering months 

 ahead of the time they desire delivery, are ordering only a few days or 

 weeks ahead of the time of need. However, in a few weeks this condition 

 will have passed as the retailers clear off their old stocks. 



EVANSVILLE 



There has been little or no improvement with the trade of the hardwood 

 lumber manufacturers of Evansville and other towns in southern Indiana, 

 southern Illinois and western and Northern Kentucky. While some of 

 the hardwood mills in this section are being operated steadily, trade is 

 not as active as it was a few weeks ago, and as one manufacturer said 

 the other day, "it lacks the snap." Logs are fairly plentiful and the car 

 .shortage situation has improved a good deal recently, but when the rail- 

 roads start to move the bumper corn crop in this section along in Novem- 

 ber and early December, it is expected there will be an acuteness in the 

 situation again. Collections are good and general trade conditions are not 

 l)ad, but there is a feeling in the business world of uncertainty just at 

 this time. Some of the manufacturers believe that there will be no picking 

 np in trade until after the presidential election in November, and there 

 are some who hold to the belief that there will be little change until after 

 the first of the coming year. The furniture factories of Evansville, Tell 

 City. Ind., Jasper. Ind.. Owensboro, Ky.. and Henderson, Ky., that ordi- 

 narily buy a grfat deal of lumber at this time of the year, are buying 

 little at this time. Some of the factories have fairly large stocks on hand, 

 while others report their stocks running low. Chair factories as well as 

 desk factories are being operated on fairly good time. Box manufacturers 

 report a fairly good business, rianing mills had a good month in Septem- 

 ber. l)ut their trade has not been so active tor October. Veneer manu- 

 facturers report a fair trade. The demand for the cheaper grades of 

 lumber during the past month has been better than for the best grades. 

 Plow manufacturers in this city are doing a very nice business at the 

 present time and are sending a good many plows into the south and south- 

 wiwt. Implement manufacturers are not in the market for much lumber 

 at the present time. Casket manufacturers are fairly busy. Musical instru- 

 ment factories are buying little lumber and wagon and buggy manufac- 

 turers seem to be retrenching some at the present time. The retail lumber 

 trade has kept pace with the wholesale trade, but it has not been any- 

 thing to brag about during the past tew weeks. Sash and door men report 

 things coming along about like they did last month. 



BEAUMONT 



Production in this section is not up to the general average of tbe coun- 

 try as a whole, if reports covering the United States are correct. While 

 thp country production is being estimated at around 70 per cent, it is not 

 believed that mills in this section are cutting 50 per cent of their normal 

 capacity. Probably 4n per cent would be nearer correct. 



Shut-downs are general, with none of the mills which have ceased opera- 

 tions resuming. No one expects them to start up again until there is a 

 dpmand to manufacture lumber and this means that the production will 

 continue to decline until there is a reaction. 



As there is no new lumber being stacked in the yards, mills are not 

 making strenuous efforts to dispose of what they have in stock. They 

 are doing what they can to hold the market to a point at least equal to 

 tln' cost of production. While no one can explain the pyschology of the 

 situation, there is a general belief that conditions will change for the bet- 

 li'r after the national election. No one seems to be in position to state 

 what he expects for the lumber industry from either Harding or Cox. 

 but they expect something to be done by somebody and don't know a bet- 

 ter date to set f<»r this to occur than November 2. Despite the persistent 

 hammering hardwood has received for the past several weeks, there is no 

 disposition on the part of manufacturers to contract their output ahead. 



LOUISVILLE 



Louisville hardwood operators report a slightly better demand for lum- 

 ber, although the volume is made up of rush orders for small amounts, 

 coming by wire, and asking that shipment be traced, showing that consum- 



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BAND MILLS 

 Owensboro, Ky. Gampbellsville, Ky. 



