62 



HARDWOOD RECORD 



March 25. 1921 



WE WANT TO SELL 



the following 



Dry Northern Michigan 



HARDWOODS 



BIRCH 



4/4 No. 1 & Btr.... 

 4/4 No. 2 Common. 



5/4 1st & 2ncU 



S/4 Selects 



5/4 No. 1 Common. 



.115, 

 . SO, 

 . 80, 

 . 60, 



5/4 No. Z Common 200, 



6/4 Ut & 2nds 10, 



6/4 Selects 30, 



6/4 No. 2 Common 75, 



6/4 No. 1 Com. & Btr... 35, 



SOFT ELM 

 6/4 No. 2 & Btr 90, 



,000' 

 ,000' 

 ,000' 

 ,000' 

 .000' 

 ,000' 

 ,000' 

 .000' 

 ,000' 

 ,000' 



HARD MAPLE 



4/4 No. 2 & Btr 40,000' 



5/4 No. 1 & Btr 300,000' 



5/4 No. 2 Common 175,000 ' 



6/4 No. 1 Common 20,000' 



6/4 No. 2 Common 175,000' 



8/4 No. 2 Com. & Btr. ..150,000' 



10/4 No. 2 & Btr 60,000' 



BASSWOOD 



4/4 No. 1 & Btr 200,000' 



4/4 No. 2 Common 200,000' 



SOFT MAPLE 



4/4 No. 2 & Btr 100,000' 



6/4 No. 2 & Btr 11,000' 



Can furnish all kinds of 



Hemlock and Hardwood Crating 



BAND MILLS AT 

 CHASSELL AND ONTONAGON. MICHIGAN 



C. H.Worcester Co, 



NOT INCORPORATED 



19 So. La Salle Street, CHICAGO 



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i Plain & Qtd. Red & White I 



OAK 



Even 



Soft 



Color AND OTHER Texture = 

 HARDWOODS | 



\oil Yellow Poplar | 



MADE 



RIGHT 



I OAK FLOORING | 



I PROMPT SHIPMENTS | 



I The MOWBRAY [ 



I & ROBINSON CO. I 



r: ( INCOBPOB ATED ) = 



I CINCINNATI, OHIO | 



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This more cliecrful spirit is traceable directl.v to the increased volume 

 of business, which is moderate, and to the decided gain in the number of 

 bona fide inquiries. One of the larger firms here today, specializing in 

 ash, reports having received something lilse 25 to 30 bona fide Inquiries 

 this morning, principally from automobile manufacturers, and others admit 

 that consuming interests, while not buying much more than immedate- 

 needs, are displaying more activity than heretofore. 



Considerable encouragement is extracted from the changed tenor of the 

 reports of Babson's Statistical Organization which is now advising the- 

 purchase of lumber on the ground that prices have gone rather too low 

 and on the additional ground that the early future is likely to see some- 

 increase therein. Manufacturers here admit that this is one of the most 

 favorable developments in some time. They point out that the generally- 

 entertained belief In lower prices and lack of confidence In the stability 

 of lumber at present low levels have been the greatest obstacles to buying 

 and they are confident that, with the attitude of consumers changing 

 somewhat, better business and better prices are practically certain to- 

 follow. 



Encouragement Is also being extracted from the Increase shown in 

 building activity by Bradstreet's Agency and from the additional fact that 

 the automobile industry Is "coming back" much more rapidly than 

 expected. Many inquiries and not a few orders are being received from' 

 automobile manufacturers, as Indicated by the fact that sales of more 

 than 3,000,000 feet have been made here to automobile interests within, 

 the past few days. It was generally felt that the automobile industry 

 had sustained such a blow fro-u the decreased purchasing power of the 

 people of the United States that it might require a long while tor resump- 

 tion of activity in producing circles within that industry. Dodge Brothers 

 and other manufacturers, however, are resuming and the outlook for 

 buying from that source is considered much brighter than even ten days 

 ago. 



Inquiries and some orders are coming from manufacturers of furniture 

 and from producers of flooring and interior trim. The box industry Is 

 enjoying a generally better business than a short time ago and this is 

 taking considerable quantities of low-grade cottonwood, gum and other 

 southern hardwoods. Demand from box interests and from other con- 

 sumers of the lower grade.?, however, is held in check to a material 

 extent, so far as southern and southwestern producers are concerned, by 

 present excessive freight rates. This was made perfectly clear at the 

 recent conference between the Southern Hardwood Traffic Association and 

 executive officers of the principal railways In the South and Southwest. 



There is not much to be said on the subject of prices. They are still 

 running along an exceptionally low level, considerably lower, so far as 

 Nos, 1, 2 and 3 common are concerned, than before the world war. They 

 are below present replacement costs, too, in the opinion of the majority 

 of the trade. The higher grades are showing an appreciably better tone 

 and some tendency toward advance as a result of the relative scarcity of 

 these. But it is conceded that present values on log-run lumber are 

 rather below current replacement costs and that there is nothing to be 

 gained b.y closing out lumber on present values. 



There has been no change of attitude toward production in this part 

 of the country. There Is almost no voluntary resumption of manu- 

 facturing operations. Such resumption as is noted is forced by the 

 necessity of taking care of logs before they spoil. If any proof were 

 required that there Is no tendency to resume voluntarily, this is easily 

 available. J. W. Dickson, president of the Valley Log Loading Company, 

 is authority for the statement that his firm is loading less than 20 per cent 

 of a normal volume of logs for this time of the year : that most of the 

 5.000.000 feet of logs lying along the right of way of the Yazoo & 

 Mississippi Valley railroad represents timber for which there is little or 

 no market, and that there are "virtually no new logs coming out." He 

 further states that weather conditions have been bo unfavorable for some 

 time that the woods are thoroughly water-soaked and that it would be 

 next to impossible to cut and haul logs even if there were an Inclination 

 to do so. 



LOUISVILLE 



For a time it looked as if Louisville hardwood operators would not have 

 much better business in March than during January and February, but 

 manufacturers are buying somewhat better, and there is a decidedly 

 Improved demand for poplar and gum. Walnut and. mahogan.v are fair, 

 and quartered oak Is showing some improvement. Ash Is moving somewhat 

 better to the vehicle, auto and similar Industries. Business Is coming in 

 spurts, and is far from heavy, but it is better than it has been, and with 

 flooring and siding more active, better interior trim demand Is In prospect. 

 With the exception of a very few mills, production is at a standstill, and 

 some of the local companies plan to cut out as quickly as possible, and 

 remain down through the summer. Logs are getting scarce as there Is. 

 very little logging being done. With the present small production coupled 

 with improved demand both domestic and foreign, Indications are that 

 surplus stocks will be reduced, and that prices will show some Improve- 

 ment. There is a generally better feeling being expressed In the trade. 



4 ;ocaI hardwood operator, in discussing the situation, remarked : "It 

 reminds me a good deal of one of these old worn-out six cylinder motors. 

 You start out in the morning probably hitting on six cylinders, and after 

 that you drop a couple. Limp along on three or four, pick up one or two^ 



