March 10, 1921 



HARDWOOD RECORD 



(Continued from page 27) 



conducted In southern Europe in behalf of various lumber associations 

 and the Department of Commerce. It is about 151 pages In length and 

 was published by the Bureau of Foreign and Domestic Commerce for the 

 benefit of American lumbermen interested in export possibilities. The 

 report describes the liinds of lumber imported, quality, dimensions and 

 sizes, gives standards of measure for purchase and distribution, etc. Mer- 

 chandising methods, opportunities for increasing American sales, domestic 

 production and its influence on imports, use of lumber and wood-using 

 Industries are also subjects which receive special attention. 



The report is linown as Special Agents' Series No. 201 — "Lumber Mar- 

 l<cts of Spain and Portugal." Copies can be purchased for 35 cents from 

 the Superintendent of Documents, Government Printing Office, Washington. 

 D. C, and from the district and co operative offices of the Bureau of For- 

 eign and Domestic Commerce located in different cities. 



Big Iioan Ma4e on Louisiajia Hardwoods 



Following a loan of $700,000 made in Early January to a Texas lumber 

 company, Baker, Fentress & Co., investment banliers, have made a loan 

 of $300,000 to Charles B. Box, which is secured by a deposit with the 

 Continental and Commercial Trust and Savings Bank, Chicago, trustee, 

 of $603,577.80 of vendor lien notes of the Great Western Land Company, 

 Poplar Bluff, Mo. These vendor lien notes are a first mortgage on 

 15,545.91 acres of timber land in St. Landry Parish, La., about 42 miles 

 west of Baton Rouge. The cruisers for Baker, Fentress & Co. estimate 

 it to contain upwards of 100,000,000 feet of timber, approximately 37 

 percent red gum, 25 percent oaks, 18 percent cypress, 11 percent ash. 

 9 percent pecan and almond ; also, that the logging conditions and ship- 

 ping facilities are exceptionally good and that It is in one of the best 

 located hardwood tracts in the South. St. Landry Parish is crossed by the 

 Southern Pacific, the Texas & Pacific, the New Iberia & Northern and the 

 Gulf Coast Line railroads. This land was purchased by the Great West 

 Land Company from Charles B. Box for $1,005,903.10, the price being 

 approximately $61.09 per acre, for the purpose of producing lumber for 

 the Brooklyn Cooperage Company, New York, which is a subsidiary of the 

 .American Sugar Refining Company. The Brooklyn Cooperage Company 

 has factories in Boston, New York, Philadelphia and Chalmette (New 

 Orleans) and is reliably reported to own or control 266,000 acres of 

 timber land in New York, Pennsylvania, Arkansas and Missouri. Another 

 loan of $400,000 made to a lumber company owning a tract of hardwood 

 timberland, approximating 25,000 acres, in Tennessee, will be announced 

 in a few days. 



Kelsey Wheel Company is Operating 



The Kelsey Wheel Company. North Memphis, resumed operations at its 

 hickory mill and wheel plant Monday morning. Feb. 28, after a shutdown 

 of several uionths, with about 25 per cent of its employes on the payroll. 

 It plans to gradually increase the number until its entire quota of 1,500 

 to 1,700 men are' at work. A. E. Mahannah, general manager of the 

 company, is authority for the statement that full operation ought to be 

 reached within the next few weeks. He says that the outlook for business 

 is rapidly improving and he does not anticipate that there will be any 

 further stoppage to operations. The automobile body plant of the com- 

 pany at Memphis has not been put to work and it is not expected that this 

 will be done in the near future, according to Mr. Mahannah. This is the 

 largest woodworking industry in Memphis and much pleasure is expressed 

 over the fact that conditions have improved to a point in the automobile 

 industry to justify operations even on the somewhat limited scale on 

 which these are now being conducted. 



Resolve Against Severance Tax 



The Lumbermen's Club of Memphis at its regular semi-monthly meeting 

 the afternoon of March 5, which was attended by a majority of the Shelby 

 county delegation to the Tennessee legislature, adopted by unanimous 

 vote resolutions opposing passage of the Severance Tax Bill, now pending 

 before the legislature, "as detrimental to the industries and general wel- 

 fare of the state," and appealing to senators and representatives to vote 

 against the measure. It was set forth in the preamble to these resolu- 

 tions that taxes in Tennessee are abnormally high alroad.v, that business 

 conditions are now such that they will not admit of any increase in taxa- 

 tion and that the Severance tax measure, as proposed, will defeat the 

 very purpose at which it should be aimed, conservation of timber 

 resources. 



George C. Ehemann, chairman of the law and insurance committee, 

 said a coal operator had recently declared that the coal business was 

 back to normal, and that ("normal represented that condition in which 

 coal was selling below the cost of production"). He asserted that, on 

 the basis of that definition the lumber business was so intensely normal 

 that lumbermen viewed with apprehension any increase whatever in 

 taxation. 



J. H. Hines, president of the club, said he believed he voiced the senti- 

 ments of every lumberman present that there would be no objection to a 

 severance tax designed specifically to conserve timber resources and hav- 

 ing a nation wide scope, thus preventing lumbermen in a state with such 

 a tax from being handicapped In competitive market against those doing 

 business in states where no such tax existed. 



T one-ReLL 



TRADE-MARKED 



OAK 

 GUM 



ASH ELM 

 POPLAR 



For the Manufacturer 



The stocks of these woods 

 which we manufacture and 

 carry are especially selected 

 and graded for the use of the 

 manufacturer. Because of 

 the unusual care taken in 

 producing these products we 

 take pride in identifying 

 them with the well known 

 Long-Bell brand. 



The T pnG-ReLL l umber r. ompanu 



R. A LONG BUILDING 



1875 hCAI^SAS CITV. ^^O 



