40 



HARDWOOD RKCORD 



Jimiinrv jft, mm 



tiuii, to which liicNit of the Iiioiiilirrii of tlio Mirlii^ai n bolotiff, 



ron<l no excollont roiKirt K'^'i'K " •i"i""'ir\ ..f tl • v :iiiil pron- 



|>ectii for the now year. Ho iiimie fivo r. tioim n» follown: 



1 T''"' "II 1'.- '•'•' - '■•■ .11. ."..I t.. .. j- purcbiM or renlal 



Ihp <: (h<- nuHK-lmlun lakr 



i-«rr 



'1. 1 rial in." nui'ih. r ..i rnii>:> fh !■■ r>iiu.*.i iri'in « ifvcn. to Bovrn, IB Mr. 

 Morford ralrulslr* that wvrn will be nbic to lake c-nrr of Ihi- nfc<ii»«r.v 

 il'iflM 



i. ..r 



> I loll 

 "wn 

 ran^t uf Uut>. 



4. 'Plat rhi'itilcal appliances b<* RtipplU'tl for thp atippri'HKloD of Incipient 



rtn**. aR ItiU nicthoil lin^ txTn i-' ' - .......u. \^^ other Hlnteh. 



r>. That the «arclrn» hare n ' ii fmin Mnv i 



In Oclotier 1 or lutiKer. as thl> ^ the oriianUa- 



tlon Intact 



The rt>|>ort rtjitod Ihnt for the six nionthH* in'rioil, iixiiig fe\en nu>n, 

 the total cost would U' • - ■ <'liii1ini; saljirios nnd exponsos of 



wnrilcns and adtniniiitrnti . -. Dciliictini; $1,300 on hand from 



last year 'it work, the warden asked for a ncceswiry appropriation of 

 alHiut $7,000 for ttic new year. 



On direct vote, the recommendations were adopted. 



Market Conditions Encouraging 

 W. C. Hull, chairman of the iii:irket enniiitinns eiiiiiiiiittcc, read a 

 very encouraging report, which follows in full: 



It U unneces.sar.T for this conimltteo to Htrnin Itself l<< iiiiike its iisiiiil 

 optiffiiiitic prediction today — conipari'd to one jear ntn there are ilftei'n 

 per cent less stocks on hand ond twenty-flve per cent less on linnd unsold 

 In the hardwoods and ten per cent Icsr hemlock sloeks on liiind nnd 

 twenty-two per cent less hemlock stocks on hand unsolil. li is dIOlciilt 

 to reduce the demand to a percentu^e comiuirtson other llniii to sny that 

 one year ago with the mnnufneliirer It was n case of "I'leasc Mister" 

 and "Thank you." but now our side Is al lint and If ymi have studied 

 the score Id the shape nf our wi-ekly report of sales you will note that 

 quite a few of our nienilMTs hnve knocked the hall clear ov<t the center 

 flelrt fence, and that so far nn one hns Iwen put out. nnil with the bases 

 full besides, and Charlie BIgclow on third Just Kellins ready to steal 

 home, cverythlns Is fnrorablc from our «tand|iolnt. We are inaklne the 

 prices; the buyer has nttle to sny other than lo beg fcr early deliveries. 

 He has allowed his stocki to run away down and now hns to have the 

 lumber. Iiry stocks have already been preliy well cleaned up nnd every 

 mall Is loaded with iirirent imiulrles. The above are facts well known to 

 ■n'eryone who has a board to sell, 



S«'ntlment In the committee seems to fnvor an advance in prices on 

 irradt^ ••specially for which the demand Is iH-cftminK heavy. We are en- 

 titled to all we can Ret. for not only Is our production vitally nece.ssnry 

 In the world's work today but we hnve the serious losses of the past two 

 years to take Into consideration. The committee has also given due 

 eonslderation to the fact that nny recommended advance that actuni con- 

 ditions will not Justify would be fntal to our Interests. Any recession 

 from recommended prices will be regarded as a weakness that the hu.ver 

 will Instantly attack nnd will rfsult In the loss of all the elfect of a 

 steadily advnnring market and an Increasing demand. It was only after 

 considering tile matter from nil theve viewpoints that we recommended 

 ihe attached list of values and jour eominittee feels that they are con- 

 servative and believes that in future weekly reports of sales you will see 

 as many made aliove as you will lielow the recommended values. 



This committee feels that an Important part of Its duty lies in ad- 

 vising the association of conditions which should be nnlicipated. With 

 this in mind we want to sound a little warning with reference to the 

 posslliliity of overproduction. Our estimate for lOl.'i was .'iOO.427 M feet 

 and we produced n."4..'!07 M feet, a dllTerence of less than two per cent. 

 Our estimate for lOltt Is 44n.n.fl M fe<-t. or an inen'ase of Iwenty-two 

 |M^r cent. The market should readily absorb tliis inere.ise. for it is not 

 up to normal for ordinary years, but there is dangir if it should be ex- 

 ceeded. While we do not believe It Is in our power lo bring aiiout an 

 overproduction, at least for several months lo come, there still exists 

 the possibility of such an unfortunate situation, and the headlong manner 

 In which some of us are goini; about It will cause It lo come to pass If 

 market conditions should fail to continue the boom which Is now In 

 evidence. Some manufacturers are running nights and practically all are 

 started up again, apparently with the assumption that the Improved 

 conditions are permanent and that there can be no setback. There is 

 danger that we will all try to too quickly recoup our recent losses, 

 and so In the end prevent any of us from evening things up a bit. If 

 eenernl business conditions continue as they are. there Is no doubt 

 that lumber values will continue to climb, but If some sudden and un- 

 forseen Influence should depress general conditions, then an overproduction, 

 however slight, would weigh heavily against us. We should consider 

 this and piny the game safe. Our slogan should be "Nobody Out": 

 ■•Nobody goln' to git out." 



The committee wants to congrntulAte those In the association whose 

 wise and persistent policy of curtailment, even at times at great cost to 

 themselves, has been such a large factor in bringing about the pleasing 

 condition whldi preraUs today. 



Hie I'ouiiultlec alMi deilrea to compliment Ihe roembcra on and thank 

 Ibcm for Ihe tplrndld coo|HTatlon they have ahown In furniablnit the 

 HBcretary with the inforiiiailon for the wi-ekly wilen niporli. Thi-»e re 

 IHirtn have been of alniont IneKnttuilile value to the partlripatlUK iiieiiilirrii 

 and have unquestionably coUM-rva d many dollar* lo all Ihunc who have 

 ktiidlt-d ttiem. 



Thin Hnles Informalion goes wi-<-kl> In detail to each menilH'r partlcl 

 patlni;. whereas formerly It ranie only every Www luuutha and to tin 

 conimltte<- alone, nnd If all the uieml>er» would parllclpate It would kei'p 

 u* all fully posted aa to market condltlona In detail and redound to atlll 

 itrenier iM'nellt lo ua all. 



Some membern do not like the Idea of dlxloiilng the location of the 

 mill iiuiklnR the wile, particularly where there Is only oni' concern and It 



has 1 n hUggested Ihnt Ihe locations iw ^•rouped. somrwbat aa follown 



Cadillac nistrict; Hay City IMstrlct : Ijike Huron Shore; I.nke MlchUtan 

 .Shore; I'pper reiiiiisnia Itnii ; rp|M'r reninnuin Wnti-r polnta on Ijike 

 .Michigan and UppiT I'enlnsula Water polnta nn I.nke Superior. 



It was also auggestid that the reports on hardwood nnd water hem 

 lock should continue to be based on f . o. b. mill valuea, but that on rail 

 hemlock the delivered price should be used and Ihe market designated, 

 nnd your committee would like lo have this jKilnl discussed. 



There followed a discussion of some of the rccomnieudutionB made 

 ill the report, notnldy that of grouping the various territories to cover 

 reports on sales coming from momhers. It was finally decided thnt 

 the matter should bo held in alioynneo until the next meeting. 



The question of basing reports of hemlock sales on ilelivered firices 

 was covered in a motion to the effect thnt they l>c made on thnt basis 

 in the future. 



Timber Taxation More Favorable 



T. \V. Hanson said the report on taxation compiled by the com- 

 niitti'e on Icgisl.-ition will bo mailed in full from the se<-retnry's ofliee. 

 In commenting on the report he said that there is very little difference 

 in assessment on timber in different sections, it running from .'f.'iO to 

 .•{60 per acre; that the upper peninsula is less favored than the lower 

 part of Michigan. He maintained that the assessment on cut-over 

 lands is too high and that it should be the game as the price at which 

 the property could be sold; that the matter is being taken up with 

 the authorities and probably will be worked out on thnt basis. 



Mr. Hanson st^'ited that .some of the cut-over hinds in the lower 

 peninsula that were formerly listeil as a.ssessed at ifS to $10, are 

 now down to $fi; that most of the land there would average $.'5 in 

 a cash sale, and some around $4, 



C. U. Clark, Grand Rapids, Mich., expert on hemlock bark, gave a 

 very interesting talk on this sub.iect, stating that the general situation 

 surrounding hemlock bark markets is rather uncertain, although at 

 present it is good. He spoke of conditions resulting from com|ietition 

 with other tanning materials mainly touching on chestnut oak bark 

 extract. 



Mr. Clark is in a position to size up the situation very thoroughly 

 as he has been in the busiiiess all his life and handles this line of 

 work exclusively. He stated that the buyers are now making pur 

 chases only for immediate tise on account of the high prices. They 

 are not willing to tie up any great amount of capital in excessive 

 amounts of raw material. 



Herman Kunnert of the CHiarcoal Iron Company of America, 

 Newberry, Mich., brought up the question of uniformity in hem- 

 lock grades with the idea of reconciling the jircsont grades of hemlock 

 in the different localities from which it is shippeil. The question was 

 thoroughly disetissed, but no action was taken. 



On motion, Kire-warden Morford was appointed representative to 

 attend the meeting of the state game, fiph and forestry convention 

 to be held at Lansing in February. 



E. V. Babcock, president of the National Hardwood Lumber Asso- 

 ciation, talkeil briefly, saying that he was especially impressed with 

 the real team work shown at the Michigan meetings, and the lack of 

 any frills or frivolity. lie sketched the history of his interest in the 

 Xational Hardwood Lumber Association, saying that that organization 

 since he has been actively as.sociated with it has always looked upon 

 the Michigan contingent with great respect. He touched on the ques- 

 tion of hardwood grades. 



Resolutions were presented and adopted on the deaths of W. \V. 

 Mitchell and D. M. Kneeland. 



There being no other business, President Mitchell asked for a motion 

 to adjourn. 



