November 25, 1920 



HARDWOOD RECORD 



57 



American hardwoods will be cheaper, but after all it is largely the adverse 

 rate of exchange and other conditions growing out of the war that imiJosc 

 a. check upon the Inisiness. 



COLUMBUS 



Hardwood trade In central Ohio territory during the past fortnight has 

 tieen rather quiet in all directions. Buying on the part of both t'actnrii's 

 and yardmen is limited to immediate requirements only, and there is no 

 disposition to stock up for the future under present unsettled conditions. 

 The tone of the market is not very good and future prospects are not as 

 liright as they might be. 



Wholesalers and producers believe that after the holiday inventory 

 period and the settlements for the year there will be better buying on 

 the part of dealers. Reports show that stocks in the hands of dealers are 

 light. In fact stocks are badly broken, and as a result ordering is neces- 

 sary to keep lines fairly well intact. Dealers believe that prices have not 

 yet reached the bottom and thus show no disposition to take chances on 

 accumulating some stocks. Factory buying is also at a low ebb. Con- 

 cerns making boxes are the best customers and a consitlerable demand 

 is reported from that source. But furniture and implement factories an- 

 going slow in placing orders. Railroads are showing a better feeling and 

 a larger number of inquiries are coming from railroad purchasing agents. 



Building operations have slowed down to a large extent, partly due to 

 tight money conditions and partly to the approach of winter. Some con- 

 struction jobs are being pushed to completion, but new building projects 

 are few. Indications point to a rather active building season in the spring, 

 and it is believed that fact will stimulate buying on the part of retailers. 



Prices are rather weak and show a range of from $10 to .*15 on certain 

 items. It depends largely upon how badly the producer or jobber desires 

 to sell. The strongest points are the better grades of oak and poplar. In 

 fact poplar of the better grades are selling fairly well. Production has 

 been reduced to about 45 to 50 per cent of normal and that Is expected 

 to aid in stabilizing prices. 



CINCINNATI 



Dullness is the rule iu the Ciuciunati hardwoud market. Prices havf 

 declined considerably, but the demand is very light. There has been a 

 reduction of $50 to $75 on a thousand feet, but this has not attracted thf 

 buyer, who is apparently holding out for lower prices. Factory deninnd 

 is small, as manufacturers are using their reserve stock and are playinu 

 a waiting game. There is at present no active demand from auy particu 

 lar industry, with the exception of the railroads. Furniture factories arc 

 going slow, as are all woodworking plants. It is the belief of many that 

 after the first of the year the market will come back. 



INDIANAPOLIS 



A small demand has had its effect on the markets iu hardwoods in this 

 vicinity, according to dealers. The word has gone out and appears to be 

 prevalent among dealers here that prices will not descend to lower levels. 

 l)ut the dealers are taking no chances and the result is very little buying. 

 In some isolated instances the dealers are building up fair stocks against 

 a heavy winter season of repairing and interior remodeling, but the larg*- 

 majority feel that thoy are taking an unnecessary chance in buying. Om- 

 '■ausc for the poor market condition and the cause that has had more 

 fffect on the hardwoods than in other species in depressing the market 

 is that the woodworking industries have curtailed their operations to a 

 sreat extent and have practically ceased buying. The first among the 

 woodworking plants to be affected were the automobile plants that mako 

 their own bodies and the body manufacturing plants working independently 

 <if the auto manufacturers. Indianapolis has several of these plants and 

 work in them at' the present time is practically at a standstill. 



Some of the more optimistic dealers see a good winter season ahead. 

 'I"hey point to the large increase in the new construction work started 

 last month when compared with the same month a year ago as a basis for 

 their argument. There is no doubtiug the fact that labor is not only more 

 plentiful but more efficient, and this, coupled with the fact that lumber 

 is down and so are other building materials, is having its gradual effect 

 on the prospective builder. Architects in Indianapolis say they have more 

 prospective work on the boards than ever iR'fore in their history, and of 

 this work a large part of it is high class residence C(mstruction, where 

 large quautitins of hardwodds will bn used. 



EVANSVILLE 



Trade has been dull with the hardwood hi 

 ern Indiana, southern Illinois and western 

 several weeks past, and things have been 

 weeks, about as dull, iu fact, as they could 

 in the tri-state section are now closed down, 

 other mills saw up what logs they have on 

 Ihe city of Evansville the hardwood manufa 

 of business is only about 20 per cent norma 

 the best grades of lumber, and the low 



mher manufacturers of south- 



and northern Kentucky for 



IS dull during the past two 



lie. Many of the large mills 



and as soon as many of the 



hand they also will close. In 



cturers say that their volume 



1. There is little demand for 



fades, which held up pretty 



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 HARDWOODS | 



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CINCINNATI, OHIO 





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J. V. Stimson & Co. 



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BAND MILLS 

 Owensboro, Ky. Campbellsville, Ky. 



