April 10. 1921 



HARDWOOD RECORD 



57 



Mount- Gearhart Incorporated 



A new wholesale hardwood tirm entered the field ou April 1 when Mount- 

 Gearhart, Inc., was incorporated under the laws of New Jersey, and au 

 office established in Newark, N. J. The officers of the new company are : 

 Raymond I. Mount, president and treasurer; Paul H. Gearhart, vice- 

 president. John L. Richardson is a stockholder and director. The author- 

 ized capital is $100,000 ; pail up capital, $30,000. Besides it main office at 

 Newark, the company will maintain a southern office and yard at Johnson 

 City, Tenn. 



Mr. Gearhart and Mr. Mount will devote their attention to the mer- 

 chandising end of the business, while Mr, Richardson, who is a Virginian, 

 will have charge of the southern office and yard. Up to March 1 he was 

 with the Boyd-Ryburn Lumber Company of Bristol, Va., and is an experi- 

 enced inspector and buyer. 



The company intends to make the Johnson City yard a sorting yard 

 and carry sufficient stock to permit prompt shipments at all times. There 

 are a great many mills located in and around Johnson City within a radius 

 of fifty miles and the company expects to buy most of its lumber from 

 these plants. 



Timber Financing in Chicago 



The Tennessee Stave & Lumber Company of Oneida, Tenn., has borrowed 

 $400,000 from Baker, Fentress & Company, investment bankers of Chicago, 

 giving a first mortgage on all the property of the company, including 

 approximately 30,000 acres of hardwood timber in Fentress, Scott and 

 Pickett counties, Tennessee. The mortgage also covers a seven-foot band 

 mill at Verdun and an eight-foot band mill at Louvain ; also a seven-mile 

 logging railroad, woods equipment. As a further security the stockholders 

 of the Tennessee Stave & Lumber Company have pledged the entire capital 

 stock of the Oneida & Western railroad, running from Oneida, a town on 

 the main line of the Southern railroad system at Stockton, 208 miles south 

 of Cincinnati, The road is twenty-six miles long and an excellent standard 

 gauge line. 



The Dorchester Lumber Company of Badham, S. C, has also obtained 

 from Baker, Fentress & Company a loan of $200,000, secured by a first 

 mortgage on 13,543 acres of hardwood land in Jasper and Hampton coun- 

 ties. South Carolina, estimated to carry upwards of 95,000,000 feet of mer- 

 chantable timber. 



Tuttle Joins Gammage Staff 

 W. F. Gammage of Cincinnati, C, wholesaler and exporter of lumber 

 staves and veneer, announces that L. S. Tuttle of Minneapolis, Minn., who 

 was formerly in the wholesale lumber and commission business in that 

 city, has been added to his company's staff. Mr. Tuttle will assist Mr. 

 Gammage in the general conduct of his business, both in the domestic and 

 export fields. Mr. Tuttle has had considerable experience in the produc- 

 ing and selling of lumber and in Minneapolis specialized in the require- 

 ments of industrial wood users. He spent considerable time on the west 

 coast, studying the production of the mills, and is a graduate of the 

 University of Minnesota College of Forestry, where he took special work 

 in lumber and practice pertaining to the different uses of woods. 



McSwine Now with Sondheimer 

 G. R. McSwine of Memphis was in Chicago during the recent convention 

 of the National Wholesale Lumber Dealers' Association, having stopped 

 in Chicago during the course of a selling tour of the northern wood using 

 centers. This tour was under the auspices of the E. Sondheimer Com- 

 pany of Memphis, which Mr. McSwine has been representing since Febru- 

 ary 1. He was formerly with the Memphis Land & Lumber Company. 



Dickinson Sails for Europe 



Charles C. Dickinson, vice-president and general manager of the E. Sond- 

 heimer Company of Memphis. Tenn., sailed on the S. S. "Celtic" on April 

 2 for a European tour. Mr. Dickson will visit England, Scotland, France, 

 Belgium and Holland, to study the hardwood lumber markets in those 

 countries. 



Reorganize to Increase Capital 

 The Dickson-Shannon Lumber Company of Memphis has just been reor- 

 ganized as the Dickson & Lambert Lumber Company and the stock 

 Increased from $15,000 to $150,000. This is for the purpose of providing 

 for considerable increase in scope of the business. The incorporators are : 

 J. S. Dickson, U. S. Lambert, G. O. Watson, J. W. Canada, James L. 

 Dickson. The officers are : J. S. Dickson, president ; J. L. Dickson, vice- 

 president ; U. S. Lambert, secretary-treasurer. 



Spending Million on Improvements 

 The Park Falls Lumber Company of Park Falls, an important division 

 of the Edward Hlnes group of forest products industries, is completing 

 work on the construction and equipment of a large new planing mill at 

 Rice Lake, which will be ready to start operations about April 15. It is 

 126 by 126 feet in size, and one of the largest and most modern planing 

 mills In this country. A year was required to build the fireproof struc- 

 ture. It win he equipped with two single and one twin screw resaw ; a 

 moulding, a two-side, a four-side and three matching planers ; eight cut-off, 

 two rip and two trimming saws. The grain door department is a feature. 

 All machinery is operated by individual electric motors. The company will 

 start work soon on a new dry kiln of large dimensions, to be ready by late 

 fall. This work is part of a plant improvement project involving nearly 

 $1,000,000, which the Hines interests undertook shortly after taking over 

 the properties of the Rice Lake Lumber Company two years ago and plac- 

 ing them under the ownership and Jurisdiction of the Park Falls Lumber 

 Company. 



Let Motion Pictures 

 Demonstrate Its Savings 



No other method of skidding or 

 hauling logs the year 'round is so eco- 

 nomical as the Holt "Caterpillar."* 

 It goes where horses or oxen cannot 

 go, hauls more logs per trip and 

 makes more trips per day. Send for a 

 copy of our bulletin,"The Caterpillar 

 Logger," or let us arrange to show 

 you motion pictures of "Caterpillar "* 

 logging methods. 



THE HOLT MFG. COMPANY, Inc. 

 PEORIA, ILLINOIS 



cg^mBR 



•There it on(yone "CATERPILLAR"— Holt buOds it 



Hardwood News Notes 



CHICAGO 



The question of whether or not Chicago's $100,000,000 building boom 

 will be unleashed this spring is now being decided by the workers con- 

 stituting the Chicago Building Trades Council. The death or life of the 

 potential boom depends on how the workers vote on the proposal to accept 

 a 25 per cent reduction in the wages for skilled labor and 30 per cent 

 for unskilled, which would mean $1 and 70 cents, respectively, per hour. 

 The proposal was made by the contractors' association, which has declared 

 that if the men accept the reduction, deferred building contracts totaling 

 the huge sum of $100,000,000 will immediately begin to be carried out, 

 and within thirty days employment will be given to the 35,000 unemployed 

 members of the building trades. 



Numerous business agents of building trades locals are freely predicting 

 that the wage cut will be accepted by a 75 per cent majority. The chiefs 

 of the locals agreed to submit the proposal to a referendum on April 1, 

 after having several times refused to do this and rejected the proposal. 



It is said by the contractors and architects that bids now being called 

 for on several large projects are based on a wage rate of $1 an hour for 

 skUled and 70 cents for unskilled labor. The inference is that if labor 

 accepts the proposed cut these contracts will be let and if not they will be 

 withheld. One of these projects is the $3,000,000 postal station which the 

 railroads are to build for leasing to the Government. 



The newspapers of Chicago have been giving a great deal of attention 

 to the efforts to get labor costs down to where the huge incipient building 

 boom can be launched. One of the cleverest comments was a cartoon, 

 which appeared In one of the papers, illustrating the old maxim that a 

 "bird In the hand is worth two in the bush," in other words that $1 and 

 70 cents an hour as proposed is better because the workers will get It, 

 than their present scale of $1.25 and 70 cents, which they are not getting. 



It Is reported that conferences have been under way between material 

 men looking to a further reduction of some 20 per cent in material costs, 

 provided labor accepts Its reduction. 



Among the hardwood men in Chicago during the recent conventions of 

 the National Wholesale Lumber Dealers Association and the • National 



