66 



HARDWOOD RECORD 



Jauuarjr 25. lUlft 



OUNDNESS 



Read}^ Rciourcci $925,845 



URPLUS 



and Reimurance Reierve. . . 856.634 



A I 'l.\CS 



Relumed to Subscribers. . . . 546.757 



ERVICE 

 dO-day Inspections; Monthly) Fire Bulletins. 



These are some of the vital features 

 upon which the management of the 



Lumbermen's Underwriting 

 Alliance 



bases its plea to the LUMBERMEN FOR 

 A SHARE OF THEIR Insurance Line*. 

 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, are invited to 

 become identified with us. 



U. S. EPPERSON & COMPANY 



Attermer tmi MaoMer. ICANSAS CITY 



■ ARRT B. CLARK 



WMt*r* RtfrtMltAtlT* 



P*>tlan4, Or*. 



Attorney in Fact 

 KANSAS CITY. 



MO. 



Over 



One Million Dollars 



in savings has been returned its member* by the 



Manufacturing 

 Lumbermen's Underwriters 



and there remains to the credit of memberi oyer 



Nine Hundred Thousand 

 Dollars 



The membership, which is constantly increaiing, 

 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 thret 

 million dollars has been paid in losses. If you have 

 a first-class plant adequately protected and are inter- 

 ested in low cost fire insurance, correct policy forrns, 

 an inspection service which may save you from a dis- 

 astrous fire, with the certainty of a prompt aji4 

 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. 



=-< LOUISVILLE >■= 



TliniiKli Dcn- builnm liookri] ilurlnc tln' |<n>l frw «rrkii b(i oot brco 

 <<i>|H-clally bp«v.r, coDdltloDi arv atlll rxci'llpiil. Nubodjr rxpcrlrd rourb 

 Irndi- durliiK January on acrount of tbe tact tbat buyrn ar« uauallr 

 taklui; stock or cloalni: tbclr book*, and arc not Inclined to place manjr 

 orders, llowrrcr. trado was ticavler tban uiual at (bi* icaaon, and actual 

 ablpmcnta mn abrad of normal on account uf the (net tbat bad wratbcr 

 Id Docrnibrr iinvinlcd lbi> ■bl|>in<-iit <,f a lot of lumber tbnl wai Intended 

 to move at tbat time. Tbe entire market la iitronc. and wblle nn (|iiiilable 

 price chanEei bare been noted durlne tbc montb, except on red irum, 

 wblcb conllnuea to advance, tbe general Hentlmenl In tbat Increased (luola- 

 tlonii are In order on a Kood many Itinnii. I'oplar logn bare t>een advanc- 

 ing In price of late, and conaequently uwmlll men •■■« tbe ueceoalty of 

 raUtni; tbc ante on thia claaii of lumber to meet the cost of manufac- 

 ture. February ouRbt to be a KOod montb, JudflnK by preoent proapeeta. 

 and tboac with dry iitock ready to Kblp seem to have no doubt about belD^ 

 able to sell It at good prices. 



=-< ST. LOUIS >= 



There Is a fnlrly »atliifartory demnnil for hardwood, despite the very 

 dlsoicreeablc weather that ban [irevalled all over Ibis territory almoat 

 continuously since the beRlnnliiK of the new year. I'rlcei continue Drm, 

 with proHpects of further ndvancm when tbe demand becomes more active. 

 Stocks at the mills ore reported to bo pretty well clenned up and there 

 will be a scarcity until the new mill cut Is In condition to ship, (lak Is 

 In excellent demand and other Items ore In fnlrly good request. The rail- 

 roads and can manufacturers are placlne orders better tban for some time. 

 Cypress continues to move fairly well with orders for mixed cars coming 

 In (lultc freely. Although bulldlns operations have been handicapped by 

 the prevailing winter weather, considerable cypress Is being bought for 

 future use by the sash and door fnctfrl' s 



-•<, MILWAUKEE >= 



The Improvement usually experienced In the lumber business Immedi- 

 ately followlnp the annual Inventory period Is now making Itself felt 

 and wholesalers are looking forward to a good trade from now on. The 

 factory trade Is the brightest feature of the local hardwood sltoatloo. 

 While the sash and door concerns are still buying a little carefully, 

 manufacturers In other lines are beginning to place better orders. Stocks 

 on hand at most plants are far from large and It Is absolutely necessary 

 for huylnsr to be carried on o little more freely. The chair factories and 

 the furniture manufacturers are placing some fine orders. The farm Im- 

 plement plants are buying well. 



Prospects of advancing prices, as well as a shortage In available dry 

 stocks In certain lines, arc pro%'lng strong inducements to better buying 

 on the part of the factory trade. Birch and maple, especially In upper 

 grade stuff, are scarce and there Is naturally an upward tendency ID 

 price. Quotations In most lines are holding Arm and there Is every Indi- 

 cation that a higher level will be reached when demand Increases and 

 stocks decrease. An Improved demand from the box factory trade baa 

 resulted In more activity In low-grade hardwoods and It Is said stocks to 

 some lines are getting low. Southern grades of hardwood arc holding 

 Arm, In sympathy with northern grades and as n result of tbe Increasing 

 demand. Both plain and quarter-sawed oak are holding strong. 



The Improvement In the general business field, the Increasing demand 

 for lumber and the favorable tone of the market have all helped pnt 

 local lumbermen In an optimistic frame of mind. 



=-< GLASGOW >•- 



since last report business has continued on much the same lines, although 

 tlie tendency is toward quietness. Buyers are not much Inclined to boy 

 stocks other than for what they have a speedy outlet, though, on the other 

 hand, some of them can pick up small cleorlng lines here ond there Id 

 order to closfe up shipments. This year, however, very few of these lines are 

 available, because a ready sale has been found throughout the year for 

 cheaper classes of stock, even though the quality has not been what was 

 required. Stock lists are not yet to hand, but It Is certain they will show 

 a decrease. Several large lines of spruce deals are reported to have been 

 cleared recently, and It Is obvious tbat these could not now be replaced at 

 tbc same figures. Freights still soar higher, and over 200/- per Std. Is 

 now being quoted. A line of 9"x3" Quebec spruce Is reported as having 

 heen sold at 2/9 per cubic foot ; surely a record so far. Yellow pine 

 deals arc attracting little attention owing to the prices being too high. 

 However, once tbc goods He In the stores for a short time, little difficulty 

 will be found In disposing of them. Second and third qualities meantime 

 comprise the Import. Several shipments of oak scantling have come Id 

 during tbe past week, and arc all on contract for the various railway 

 companies. Whltewood boards are also In evidence, and are chiefly of the 

 lower grades. 



The wharves still present a very congested appearance, and the removal 

 of goods Is a matter now to be reckoned with seriously. The Clyde 

 authorities arc treating all consignees most unfairly, and large quay rent 

 penalties are being enforced. Great difficulty is being found In secnrlng 

 men to drive horses in order to have the goods cleared promptly from the 

 quay. A scarcity of wagons Is now being felt, and there is no sign of the 

 conditions getting better. 



AU Three of Us WUl Be Benefited if Yon Mention HARDWOOD RECORD 



