HARDWOOD RECORD 



55 



war broke out in Europe. There is a little logging under way but those 

 who are getting out timber are doing so in such a sparing way that, 

 If they find it necessary or desirable to close down, they will not be 

 forced to run to cut up excess logs as was the case when hostilities first 

 developed. The amount of timber being gotten out is, as a whole, 

 exceedingly light and this is regarded as one of the strongest potential 

 features in the situation. Even if it were desirable to run on anything 

 like normal time, this would be out of the question for the reason that 

 it would be impossible to secure enough logs to justify such operations. 



Shipments of lumber are somewhat in excess of output with the result 

 that stocks are gradually decreasing. They are becoming broken in some 

 Items and this fact is responsible for the resumption on the part of a few 

 firms. Demand, at best, is not particularly full, and there is not a single 

 lumberman who does not wish to have his stock lists complete in order 

 that, if there is demand for a particular kind of lumber, he may be in 

 position to take care of it. The fact that stocks are being reduced is 

 having some effect on prices, which are generally rather firmer. Whole- 

 salers and distributors are making freer inquiries than a short time ago 

 and it is pointed out that this is a favorable factor, suggesting larger re- 

 quirements for the near future. Business conditions are generally growing 

 better and the financial outlook is regarded as much brighter, factors 

 which are calculated to increase the consumption of southern hardwoods. 

 At present the increased firmness is more due to the greater independence- 

 of sellers than to the gain in demand. As demand increases, however, 

 it is anticipated that it will prove the controlling factor in making prices, 



A great quantity of ash has been booked here within the past fortnight 

 for shipment to England. The orders for this stock were received from 

 English brokers who, it is understood, were acting for the English 

 government. It has been impossible to ascertain the exact amount sold 

 but it is reported that it was sufficiently large to take up the greater 

 portion of the available supply of thick ash in the immediate Memphis 

 territory, A number of firms here shared in these orders. Among these 

 were Russe & Burgess, Inc., the Goodlander-Robertson Company, Jas. E. 

 Stark & Co., the Dudley Lumber Company, and the Gayoso Lumber 

 Company, It is reported that prices advanced somewhat on ash as a 

 result of this somewhat unexpected business and that they are at present 

 quite firm. Practically all the orders specified that shipments were 

 to be made in time for November sailings. This was one of the particular 

 conditions of the acceptance of this business. 



Export business, as a whole, has improved somewhat, but outside of the 

 business in ash already mentioned, it has been comparatively small. Most 

 of the business is being done with England, though shipments are being 

 made in a very few instances to other countries. Exporters say that there 

 Is not a very large margin of profit In lumber being sold to England, but 

 that they are accepting such business as is offered where it is possible 

 to do better than break even. 



Most members of the trade here are rather optimistic regarding the 

 outlook and there is less pessimism than might be expected under the 

 circumstances. Lumber interests have pursued a very conservative policy 

 since the war broke out and this accounts for the fact that they are in as 

 good position as at present. They point out that demand has been only 

 reasonably good, but that production has been even smaller than shipments. 

 They further emphasize the fact that, with general business increasing, 

 they are bound to feel the effect of this in larger and more remunerative 

 orders. 



There is no special feature to the hardwood list aside from the recent 

 activity in ash and the excellent demand for the lower grades of cotton- 

 wood and gum, which are being used freely in the manufacture of boxes. 

 Quartered oak is selling at a reasonable rate and there is a little business 

 doing in plain oak. Sap gum is selling well and offerings arc not heavy. 

 Red gum appears rather quiet. Cypress is moving in only a moderate way, 

 with the lower grades somewhat more active than the higher. 



=-< NASHVILLE >•- 



The hardwood lumber situation in Nashville has shown very little 

 change the past two weeks. The situation was regarded about as slow 

 as it could get shortly after the opening of hostilities in Europe, but 

 members of the trade now feel confident that improvement will be a 

 feature for the future. Some nice lots of lumber are being sold, though 

 buyers are only taking for" current needs. No particular lines are in 

 demand, there being transactions in oak, poplar, chestnut, ash, and other 

 lines. The policy of curtailment is evident throughout this section, many 

 of the small mills being closed down, and the large ones curtailing pro- 

 duction. Tliere will be a great curtailment in logging operations on 

 account of the condition in the market. 



=-< LOUISVILLE y 



The hardwood trade in this part of the country Is looking up. The 

 actual hookinss are hotter, inquiries and orders hnvinjj been more numer- 

 ous than formerly, and while the size of the average order is small. 

 the ag'^regate amount of business is Increasing right along. Some large 

 consumers are buying a good deal of stock, a local hardwood concern 

 having been oITered an order for 200.000 feet of firsts and seconds plain 

 oak, which was t'lrned down on account of the price being too low. Inch 

 plain onk has suffered considerably as to priee, but all other thicknesses 

 are holding their own, and seem likely to increase in value, inasmuch as 

 the cessation of active operations, followed by steady consumption, is 



Paepcke Leicht Lumber Co. 



Conway Building 111 W. Washington Street 



CHICAGO, ILLINOIS 



PLAIN WHITE OAK 



4/4" Ists and 2nds 160,000' 



4/4" Nn. ] Common 225.(100' 



4/4" No. 2 Common I.IO.OOO' 



S/4" Ists and 2nds 50,000' 



5 4" No. 1 Common 25.000' 



5/4" No, 2 Common ". 10.000' 



6'4" Ists and 2nds 50.000' 



0'4" No. 1 Common BO.OUO' 



6/4" No. 2 Common 12.000' 



8/4" Ists and 2nds 35,000" 



8/4" No. 1 Common 50.000' 



QUARTERED WHITE OAK 



4/4" No. 1 Common 100.000' 



4/4" No. 2 Common • 50.000' 



5/4" Ists and 2nds 25.000' 



5/4" No. 1 Common 60,000' 



5/4" No. 2 Common 8,000' 



0/4" No. 1 Common 60.000' 



6/4" No. 2 Common 2.000' 



8 '4" Ists and 2nds 12.0»0' 



8/4" No. 1 Common 35,000' 



8/4" No. 2 Common 4,000' 



SAP GUM 



4/4" Ists and 2nds 26,000' 



5/4" Ists and 2nds 150,000' 



6/4" Ists and 2nds 125,000' 



WHITE ASH 



4/4" No, 1 Common and Better 12.000' 



5/4" No. 1 Common and Better 15.000' 



6'4" No. 1 Common and Better 5.U00' 



16/4" No. 1 Common and Better 25,000' 



PLAIN RED OAK 



4/4" Ists and 2nds 100,000' 



4/4" No. 1 Common 200.000' 



4/4" Nn. 2 Common 100.000' 



5/4" Ists and 2nds 50.000' 



5/4" No. 1 Common 100,000' 



5 4" No. 2 Common 15,000' 



6/4" Ists and 2nds 75.000' 



6/4" No. 1 Common 60.000' 



RED GUM 



4/4" Ists and 2nds 75.000' 



4/4" No. 1 Common 70.000' 



5/4" Ists and 2nds 75.000' 



5/4" No. 1 Common 100.000' 



6'4" Ists and 2nds *. . . . 75,000' 



6'4" No. 1 Common 50,000' 



8/4" Ists and 2nds 60,000' 



8/4" No. 1 Common 25,000' 



COTTONWOOD 



4/4" Box Boards, US" 10,000' 



4/4" Box Boards, 9-10" 60,000' 



4/4" Box Boards. 11-12" 50,000' 



4/4" Box Boards. 13-17" 100,000' 



4 4" Ists and 2nds, 0-12" 100,000' 



4/4" Ists and 2nds, 13" and up 50,000' 



5/4" Ists and 2nds, 6" and up 25.000' 



5/4" Ists and 2nds, 8-9" 22.000' 



5/4" Ists and 2nds, 10" and up , 50,000' 



SOFT ELM 



6/4" No. 2 Common and Better 250.000' 



12/4" No. 2 Common and Better 200,000' 



Above Stock is all dry and of our own 

 production, from good logs. Consists of 

 good widths and lengths; is band sawed and 

 carefully edged and trimmed. 



WRITE, PHONE OR WIRE 



FOR pric:es 



Paepcke Leicht Lumber Co. 



Conway Building 111 W. Washington St. 



CHICAGO, ILLINOIS 



