February 10, 1921 



HARDWOOD RECORD 



51 



HIGH HUMIDITY 

 DRY KILN 



Diagram 



showing how 



the moist air is forced - 

 around every board in 

 the kihi — 



"WITH THE CIRCULATION 

 YOU CAN UNDERSTAND' 



B. F. STURTEVANT CO. 



HYDE PARK, BOSTON, MASS. 



BRANCHES IN 25 CITIES 



Inter-Insurance Exchange Prospers 



In addition to the veneer (iepartnient, Ntcliey Bros.. Inc., are large 

 producers of hardwood lumber, having two band mills in Memphis, and 

 carrying a stock of ten to twelve million feet of hardwoods, in which 

 Quartered oak predominates. With .a backing such as this, and the fine 

 quality of men found in Messrs. Harper and Wilbur, their success is 

 assured. 



A splendid growth in strength and prosperity during the year 1920 was 

 recorded by the National Lumbei- Manufacturers' Inter-Insurance Exchange 

 at the sixth semi-annual meeting at the Congress Hotel. Chicago. Jan. 22. 

 The following are some of the gains made by the exchange : 



The amount at risk was increased 31 per cent, or .$3,793,64-8, and i.s now 

 ?16,630. 244.40. 



Premium deposits in force increased 30 per cent, or $66,044.01, and now 

 stands at $283,018.48. 



Surplus to the credit of subscribers' accounts increased 50 per cent, 

 or $65,746.28, and now stands at $195,491.26. 



Gross assets have increased 52 per cent, or $81,010.63, and now stands 

 at $235,755.61. 



It added fifty new mills to its subscribers' list, which now includes 

 420 of the best representative class of saw mills in this country and 

 Canada. 



It paid losses last year of $144,420.27, of which $24,466.73 occurred 

 the previous year. 



It has the lowest average amount at risk per membership of any similar 

 exchange, and the security offered by its policy is in proportion enhanced 

 and increased by just that amount. 



Long-Bell Buys Western Mill Site 



The purchase of 2,500 acres of laud near Kelso, Cowlitz County, Wash., 

 has been announced l>y the Long-Bell Lumber Company of Kansas City, 

 and will be the site of a sawmill of one million feet daily capacity. 



It is probable that the new mill will be electrically driven. Construc- 

 tion work, it is planned, will begin within a short time. Some preliminary 

 work will be necessary. Including the erection of a bridge over the Cowlitz 

 river. 



The mill site is located at the confluence of the Columbia and Cowlitz 

 rivers, having a deep water frontage on the Columbia of three miles and 

 a frontage of several miles on the Cowlitz river. The site is two and one- 

 half miles from Kelso and about sixty miles from the coast. One advan- 

 tage of the site chosen is the deep water transportation available. 



Should Study Trade Conditions 

 A burglar, evidently not familiar with the recent slump in the hard- 

 wood business, forced open the outer door of the Steele & Hibbard Lumber 

 Company, St. Loui.«, and the outer and inner door of a safe, taking $8, all 

 the safe contained. The safe, however, was damaged to the extent of $75. 



German Indemnity and Hardwoods 



Hardwood men in St. Louis are not confident that the German settle- 

 ment is going to mean anything for them, at least for the present. Busi- 

 ness men in other lines have been quoted as saying that the German 

 i-eparation settlement would mean an increase in the exports of the 

 United States to Germany. 



R. F. Krebs, vice-president of the Steele & Ilibbard Lumber Company, 

 and chairman of the publicity committee of the St. Louis Lumbermen's 

 Exchange, sai<l : 



"It seems at first glance that the question of 'German indemnity' is a 

 long way removed from the hardwood lumber industry. Of course, indi- 

 rectly there may be some connection, Germany having been the second 

 best customer of the United States before the war, as they used to buy 

 vast quantities of lumber from us. Settlement of any great question 

 affecting that country will, therefore, have a more or less direct bearing 

 on our commercial interests here. However, this question is not yet set- 

 tled, as the Germans have not yet accepted the demands of, France and 

 England. It looks to unbiased observers, and I think this opiaion is held 

 in Washington, that the sums demanded of Germany cannot and will not 

 be paid. That about half the amounts stated are nearer the reasonable 

 mark. Therefore to speak of any noticeable infiuence on the hardwood 

 lumber trade of this country seems,' at this stage, to be a little previous. 



"Ocean freights must go down to pretty near pre-war levels to permit 

 of much lumber to cross to Europe or elsewhere, and rail freights on our 

 railroads must be put back to a reasonable basis before low grade lumber, 

 which is our only surplus, can find a market abroad or at home. 



"The undersigned believes as soon as our new President can tell the 

 world what this nation intends to do and wants others to do it will help 

 to stabilize conditions In the world more than anything else, because we 

 have the essentials of lite or the cash to buy them with, and humanity's 

 hope is directed to the United States." 



Appoint Canadian Representative 



The Mowbray & Robinson Company of Cincinnati, O., announces the 

 appointment of A. K. Johnson of Toronto as Canadian representative of 

 the firm. Mr. Johnson returned to Toronto on Jan. 22, after having spent 

 several days at the company's mills familiarizing himself with its opera- 

 tions. He will start immediately to cover the Canadian territory. 



