54 



HARDWOOD RECORD 



Revived Inland Navigation 



Our cargo of 350,000 feet of Oak and 

 Gum from our Jeffris, La., mill on its 

 way up the Mississippi River on the 

 new Gas Producing, Self Propelled 

 Steel Barge. 



This cargo was unloaded at St. Louis, Mo., 

 and Alton, 111., on August 1st and 2nd 



WE HAVE MORE IN STOCK 



D. K. Jeffris & Co. 



CHICAGO 



HARDWOODS TET^LOW PINE 



CONCOBDIA LAND & TIMBER CO. MANCHESTER SAW DULLS 

 Jeffris, La. Manchester, Ala. 



Your 



Second 

 Setting 



Where will it be? Logically where there is a worth- 

 while supply of timber that can be bought at a fair 

 price and the conversion of which will yield a fair 

 profit. 



By far the greatest number of these locations are 



In the Great 

 Out West 



others are making selections now. The most desirable 

 tracts go first and are going rapidly. This Is the year 

 to get the best of what is left, even though you do not 

 contemplate operating until the last log has passed 

 through the mil] you are now running. 



We know there are more and better opportunities In 

 the West than in any other section of the country. 



Each year many fine tracts of timber pass into the 

 hands of operators and the range of choice becomes more 

 restricted. 



James D. Lacey & Co. 



Timber Land Factors 



CHICAGO, ILL., 1750 McCormick Bldg. 



PORTLAND. ORE.. 1313 Northwestern Bank Bldg. 



SEATTLE, WASH., 1009 White Building 



tightness of money, but banks and building and loan associations are 

 loaning money more readily. This is being reflected upon the lumber 

 trade by a better demand from retailers. In the rural sections there Is 

 considerable building in progress. 



Dry stocks are not very large in any section. Retailers' stocks are 

 light but dealers are still following the policy of buying only for the 

 immediate present. Shipments are coming out promptly. There is prac- 

 tically no export trade at this time. Collections are slow. 



Quartered and plain oak is in fair demand and prices are generally 

 maintained. Chestnut is rather firm and sound wormy Is moving well. 

 Toplnr stocks are in fair demand and the better trades are firmer. Ash 

 and basswood are steady. Other hardwoods are unchanged. 



=-< TOLEDO >-= 



Market conditions in Toledo are showing a decided improvement. While 

 present business has not become phenomenal by any means, indications 

 point to a better situation at an early date. Building operations in 

 Toledo continue in spite of the calamity criers, and many things are now 

 under way which will make a good hardwood market within a short 

 time. Local vehicle concerns are running right along. Furniture dealers 

 are ordering with more freedom than for some time past, and inquiries 

 are beginning to come in from the railroads regarding equipment orders. 

 This has been the line of work that has been most quiet and has bad 

 an especially depressing effect on hardwood business in this section so 

 that the coming of the Inquiries presaging as It does future orders has 

 had the effect of rousing the dormant spirit of optimism among hardwood 

 dealers here. Prices generally have been holding up well, although there 

 has been a little weakness exhibited in certain lines where the law of 

 supply and demand has regulated prices to a no inconsiderable extent. 

 Crating and boxing are in fair demand. Buying is somewhat better, 

 although no one Is doing speculative buying. 



=-< CINCINNATI >•- 



A slight Improvement In the hardwood Industry Is noticed and lum- 

 bermen are much encouraged. Reports from manufacturing centers give 

 much hope of early Increase in running time. It Is claimed that the 

 much improved condition of the finances of this country together with 

 the employment of many of the Idle workmen will go a long way toward 

 better business. The agricultural and wagon trade Is no doubt In better 

 shape than they have been for many months and the automobile plants, 

 esi>ecially those specializing in commercial trucks, have plenty of work 

 on hand many of their orders being for rusli shipment on war orders. 

 It Is fully expected that these orders will be more than duplicated as 

 there Is no question of the war lasting well into next year. Ilorrible 

 as the war may seem it Is proving to be of much benefit to this country 

 commercially, as It has already prevented foreign manufacturers from 

 flooding our markets with their manufactured goods. Since the new 

 tariff laws went Into effect they have had an opportunity to do It and 

 have shipped much here and booked heavy orders which the war has 

 caused them to cancel and our own plants are again getting started 

 toward supplying our own needs as well as the needs of the foreign 

 countries at war. Cincinnati lumbermen are well pleased over results 

 of the elections Insuring In the near future a return to a protective 

 tarinc which will again establish the plants of this country In their 

 former positions. Just at this time there Is nothing featuring In hard- 

 wood movements — just a general call for most all Items on the list 

 in very limited quantities for Immediate use only with frequent re- 

 orders for practically the same thing, showing the cautiousness of 

 buyers. The volume of business for the month of October was consider- 

 able In excess of the previous month and with conditions growing 

 gradually better as they surely are November should show up well under 

 existing conditions. Inquiries are more numerous and cover most Items. 



■< INDIANAPOLIS >■ 



There has been some further curtailment in the hardwood production 

 In the state during the last two weeks. The general trend Is toward 

 production curtailment, with a view to reducing the large stocks which 

 many of the mills now have on hand. 



Stock continues to move slowly and dealers are buying very little at 

 the present time. There Is an indication, however, that business In other 

 lines slowly Is improving and this renewed activity will reach the hard- 

 wood Industry In due time. 



Wagon manufacturers report a good Increase In business, due to a 

 large extent to the European war, for the countries engaged In the con- 

 flict are placing large orders for wagons. Automobile concerns manufac- 

 turing trucks report Improved business from the same source. 



There can be no Improvement In building operations In the state, until 

 the vast sums of money boarded In the banks are made available tor 

 building purposes. 



=< MEMPHIS >-= 



There has been comparatively little change In manufacturing operations 

 in this territory during the past fortnight. While some mills have re- 

 sumed, fully an equal number have closed down and It Is conceded that 

 production is at about as low an ebb as it has been at any time since 



