46 



HARDWOOD RECORD 



JAMES & ABBOT COMPANY 

 Lumber and Timber 



No. 165 Milk St., BOSTON, MASS. 



Dermott Land and Lumber Company 

 DERMOTT, ARK. 



Kentucky Lumber Company 



MANUFACTURERS 



POPLAR, PLAIN AND QUAR- 

 TERED OAK, RED AND SAP 

 GUM, CHESTNUT, HEMLOCK 



ROUGH AND DRESSED 



MILLS AT 



Bumtide, Kj. Williamsburg, Ky. 



Sulligent, Ala. 



SALES OFFICE 



606 Security Trust Bldg. 

 LEXINGTON, KY. 



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iC I N C I N N A T i; 



iHardwood Manufacturers and Jobbers| 



I JAMES KENNEDY & CO., Ltd. 



I OAK, POPLAR AND OTHER HARDWOODS 



% FIRST NATIONAL BANK BCILDING 



I OHIO VENEER COMPANY 



Manufacturers & Importers FOREIGN VENEERS 



2624-34 COLERAIN AVENUE 



DAY LUMBER & COAL CO. 



Mfrs. YELLOW POPLAR and WHITE OAK 



C.F.XF.RAL OmCE — .JACKSON, KY. 



RIEMEIER LUMBER CO. 



OAK, POPLAR, CHESTNUT 



SUMMERS AND GEST STREETS 



Veneers: 



CIRCASSIAN WALNUT AND ALL 

 OTHER FIGURED WOODS 



THE FREIBERG LUMBER COMPANY | 



1§ OFFICE AM) Mil. I.. CINriNNATI. OHIO ra] 



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up to about the same proportion, and the general belief prevails that 

 the lowest point has been touched and tliat improvement is entirely 

 within the range of probabilities. There is disappointment in the export 

 trade, which so far does not attain the proportions looked for, a condi- 

 tion that grows chiefly out of the diversion of si ipments to British 

 ports since the beginning of the war. Stocks in the United Kingdom had 

 undergone some reduction when hostilities broke out. England being in 

 control of the sea, many shipments destined for countries other than 

 Great Britain were turned into ports of the United Kingdom, with the 

 result that extensive additions to the supplies in hand were made, while 

 at the same time the demand was in a measure checked by the centering 

 of interest upon army moves. Thus it is that the British markets, 

 which, with those of France are alone open, reduced their requirements, 

 and expectations of an expansion in the demand failed of realization. 

 This naturally affected prices and has been reflected in the hardwood 

 business as a whole. The mills do not find it necessary to push opera- 

 tions, the plants that turned out stocks for the foreign trade being 

 still shut down or running only part time. Some of the other mills also 

 are curtailing their production, so that the offerings available do not 

 really exceed the current needs. That the returns are unsatisfactory 

 must be attributed to the backwardness of commerce as a whole. But 

 there are signs of improvement. The new currency system has gone 

 into effect and is expected to cause an expansion of credits. The cotton 

 situation is being solved not alone by the opening of the exchanges, but 

 by the raising of the fund of §135,000,000 to enable growers to hold 

 their crops, and the country is beginning to feel the effect of the excep- 

 tional demand for grain and other commodities which is turning the 

 balance of trade in our favor. All these developments are certain to 

 help lumber by augmenting the requirements. The hardwood men there- 

 fore have reason to be in a more hopeful frame of mind and to regard 

 the future with a measure of confidence. With the approach of the 

 end of the year any gains that may be made will perhaps not attain a 

 large volume, because of the inherent tendency to hold down at this 

 time, hut progress toward a better state of things will none the less 

 continue. 



.< BOSTON y- 



The demand for hardwood here is apparently even less than it has 

 been heretofore In the present dull period. It is problematical how long 

 this will continue as there is not a parallel stopping of the using Indus- 

 tries. There is some report of the woodworking mills running on part 

 time, but the furniture factories are keeping fairly up to normal condi- 

 tions. The yard-trade is very light. No changes in values are noted, 

 except in plain oak, which seems to be showing a small increase in 

 quotations. 



=-< COLUMBUS >-- 



The hardwood trade In Columbus and central Ohio has been fairly 

 active during the past fortnight, when business conditions are takcf 

 into consideration. The demand is not up to that of the corresponding 

 period last jear, but that was hardly to be expected with the general 

 business depression and the European war. On the whole the tone of 

 the market Is fair and future prospects are not bad. 



The demand on the part of factories Is now one of the most important 

 features of the business. Furniture, vehicles and implement concerns 

 are buying better. These factories have very little stocks of hardwoods 

 on hand and will be in the market from this time on. Retail trade is 

 rather slow, as dealers are loath to increase their stocks at this time. 

 They are still following the policy of buying only for the immediate 

 future. 



Trices are fairly well maintained, although there is some cutting all 

 along the line in order to force trade where stocks have accumulated. 

 The larger concerns are making a strong effort to uphold prices, but 

 their efforts have only resulted in steadying the market. Some orders are 

 being booked for delivery in December at current prices. Dry stocks 

 are not very large and lower prices are believed to be out of the ques- 

 tion. 



Railroads are capable of handling all shipments at this time. Collec- 

 tions are reported bad in practically every section of the country. 



Quartered and plain oak arc both fairly strong and the volume of 

 business Is fair. Trices are firm at the levels which have prevailed for 

 some time. Chestnut is probably one of the strongest points In the 

 market, especially sound wormy. Poplar is moving fairly well and there 

 is no accumulation of the lower grades as in the past. Ash is in fair 

 demand and the eame is true of basswood. Other hardwoods are un- 

 changed. 



=-< CINCINNATI >.= 



The hardwood business shows a steady increase over last week and 

 lumbermen are now counting on fair business for the remainder of the 

 year. All lumber consuming plants are showing more activity than 

 for many weeks and about the only branch of the industry not showing 

 real improvement is the furniture trade. Even this line in some of Its 

 branches is doing much better than a few months ago, but lumbermen 

 do not look for much from the furniture trade in a general way for some 

 time to come. Inquiries come along steadily and are now resulting in 

 business. Quotations are none too high, however, as dealers realize the 



