50 



HARDWOOD RECORD 



Novrmbcr 2(>, lUlS. 



OUNDNESS 



Read\) Resources . 



.$925,845 



URPLUS 



and Reinsurance Resen'e. . . 856,634 



A l'L\CS 



Returned to Subscribers. . . . 546,757 



ERl'ICE 

 60-da\) Inspections; Monthly Fire Bulletins. 



These arc some of the vital features 

 upon which the manncrcrncnt of the 



Lumbermen's Underwriting 

 Alliance 



bases its plea to the LUMBERMEN FOR 

 A SHARE OF THEIR Insurance Lines. 

 These safeguards are the result of TEN 

 YEARS of successful underwriting. 



$155,000.00 



in CASH DIVIDENDS went into the treas- 

 uries of ALLIANCE Policyholders in 1914. 

 Owners of protected plants, with five or 

 more years' timber supply, arc invited to 

 become identified with us. 



U. S. EPPERSON & COMPANY 



Attoraer aoJ Manager, KANSAS CITY 



MARRT B. CLARK 



Faattra Rttpr*f«atatlr« 



Portland. Or*. 



Attorney in Fact 

 KANSAS CITY, 



MO. 



Over 



One Million Dollars 



in savings has been returned its members by the 



Manufacturing 

 Lumbermen's Underwriters 



»nd there remains to the credit of members orer 



Nine Hundred Thousand 

 Dollars 



The membership, which is constantly increasioK, 



is now composed of nearly four hundred and fifty of 

 the best saw mill plants in the country. Insurance in 

 force exceeds thirty-five million and nearly three 

 million dollars has been paid in losses. If you have 

 ■ first-class plant adequately protected and are inter- 

 ested in low cost fire insurance, correct policy forms, 

 an inspection service which may save you from a dis- 

 astrous fire, with the certainty of a prompt and 

 equitable adjustment in case loss does occur, and 

 wish a list of members and annual statement we will 

 be glad to hear from you. 



Rankin-Benedict Underwriting Co. 



and qiinrlrrrd niul a allKlitlT iH'ltpr drninnil !• aim) rppnrlrd for No. 1 

 niitl Nil. 2 riiiiitiioti plnlii oak. ItunrilH arc tx'liiB iihimI In tioth IIiIm rotiiitry 

 and Kurupp In liirrt'nuInK quao(l(li'i<. Ttirre lia* l>pcn no ilrrldi-tl rliann* 

 In IIk' ptporl alluatliin. Iii-maml l» ^tlll InrKiOy for (liir ■pcclaltlcH, with 

 ttic grncrul run of auullirru liarilwtMMlii •oiiivwliat Ui'sK-cled. 



-< NASHVILLE >•-- 



TUr linrdwood limit., r irntlc lt:i i '•.lurlinii-d to nhow innrkril Improrei- 

 mrnt, and uianufarlurrm report itnicli Krnlinnillun at pn'VnHIni: condi- 

 tion*. Tlic tom- of prloin U titv IkmIIIi)-. and It In prrdlcli'd lliat tlwro 

 will he nn iipHiird iii>>vi-mi-nl nf miIiK'h an llilniin k<'< Imik to normal. 

 There liaa been a liinvy curtallnit'iit of produrtlon ulncp the oulhrcak of 

 the war In Kurope, and conaerrnllve men ri'Knrd ndvanred pricea ai a 

 natural coniequenco of revival of buiilni-Ka. More ordera are belnis placed 

 by rallronda and cor biilldlDR rnnn'rnH. Itulldlni; haa been verjr acllTO 

 on account of mild wimiIiit, and retaibra have bad a fair fall bualneaa. 

 The heavli'Ht moviimnt cunllnuiK In oak, and low-Kradc poplar la moving 

 better. Sd'aily demand In reporiiil fur anh, hickory and cheatnut, and 

 Rpneral coudltlonH are niiich nion' Kutlisfnctory. The operations conllnuo 

 In walnut for export, principally for Bunatocks. 



=-< LOUISVILLE >= 



A KTenter volume i)f hnrdwouij IhiiiImt U now niovlnt;. and the demand 

 Is unipiestlonably better. I'rlciH are better In aome Inalancea. Thla la 

 particularly true of sum. though the opportunities for price Improvement 

 along this line were Kreatcr than clKewhere, due to the extremely low 

 prlccH which had been prevalllni,'. Slock which is not staple as to 

 thickness la also commanding a premium, and In a good many citHi-s Is 

 bard to git, for althoueb a good many mills arc operating, production 

 during the past few months bus not been great, and dry slock, ready 

 to ship. Is not always ea«y to locale, especially If the stock In demand 

 Is somewhat out of the ordinary. The export market Is practically dead, 

 few vessels are leaving southern ports, and the ?I rate quoted out of 

 eastern ports Is practically prohibitive. The big upward nioviinenl on 

 pine Is expected to help woods like poplar ond gum. Ook Is In better 

 demand, and good plain ook Is quoted at somewbat higher figures. 

 However, neither good nor common plain oak Is selling at the llgurea 

 whlcb It should command. It Is probable that values will Increase 

 during the next sixty days. 



=■< ST. LOUIS >■- 



There Is n continued slightly Increasing betterment In the bardwood 

 market. Distributors at this point arc not exactly pleosed with the vol- 

 ume of business belug dono, but hope for an Improvement soon. Some of 

 the Items on the hardwiiOd list lire In excellent request, but ore offset by 

 many others that are not belug (ailed for so freely. Oak is In good de- 

 mand and trade Is Increasing. Plain oak Is In particularly good request. 

 Gum and poplar arc going fairly well. The coll from the factories is 

 better and it is believed that other sources will soon begin to come into 

 the market freely. Cypress conditions have Improved and soles are 

 constantly Increasing. There is little change In price, although some 

 items are stilTening up rapidly. The country yards are doing more order- 

 ing and consldcroblc activity Is predicted from this source soon. 



=•< MILWAUKEE >- 



The volume of hiirdwood business is saII:>factory, and lumbermen 

 believe that better things may be expected. While most of the factories 

 buy only enough to meet their present requirements, demand from this 

 source will be stronger after the first of the year when inventories have 

 been completed. The market Is holding firm with advances In some lines 

 and this Is having the effect of inducing some concerns to buy more 

 freely. 



Most of tile hardwood consuming Industries In this section show fair 

 activity. The furniture manufacturing concerns in Milwaukee and about 

 the state are busy and this has brought forth some good orders for 

 stock. The chair factories at Sheboygan and other points are operating 

 full blast. Milwaukee Is becoming quite a center for the manufacture 

 of piauos and while some of these concerns Import their piano cases 

 from ^Ilchigan points, all the piano factories use considerable hardwood 

 and some good stock orders have been received from these industries. 

 The farm implement Industry is looking forward to a busy season and 

 the factories In Milwaukee, .Tanesville, Heaver Dam, Racine, Kenosha ond 

 other points are now busy and are buying fairly well. 



The continued activity in the building field Is keeping the local nash 

 .and door and general inlerior woodworking Industries busier thon they 

 usually are at this season. A report prepared by the Milwaukee building 

 Inspector shows that permits Issued thus far have totaled $10.4.'iO,148, 

 a gain of l.T per cent over ini4. The Inspector Is confident that the 

 total building record for the year will show a substantial gain. During 

 the .second week In November there were 08 permits Issued for structures 

 to cost S.iaCi.SGO, as compared wllh G2 permits and an ln»-estment of 

 $203,200 during the corresponding period in 1914. 



With the possible exception of low-grade stuff, northern hardwoods 

 show an upward tendepcy. a result of the increasins? dem.nnd and the 

 shortage in some lines. The supply of birch and maple is belug reduced 

 at most points. Neither quarter .'^awed white oak nor plain red oak Is 

 p,;per|aMy pliiiliriil. with the rcMilt tli.Tt prices In these lines are strong. 



All Three of Us Will Be Benefited if You Mention HARDWOOD RECORD 



