48 



HARDWOOD RECORD 



On the Following Stock We Will Make Special 

 Prices for Prompt Shipment: 



Nob. 1 & 2 Red 

 No. 1 Com. White 

 Nos. 1 & 2 Plain 

 No. 1 Com. Red 

 No. 2 Com. Red 

 No. 1 Com. Red 

 No. 2 Com. Red 

 Nog. 1 & 2 PI. Red 

 Scented Cedar. 



The Atlantic Lumber Co. 



70 Kilby Street, Boston, Mass. 



WA NT E D 



All Kinds of High-Grade 



HARDWOODS 



S. E. SLAYMAKER & CO. 



Repre«entlnK 



WEST VIRGINIA KfKl (E LUMBER CO., 

 Cau, West Vlrrlnla. 



Fifth Avenue Buildinc, 

 NEW YORK 



Over 



One Million Dollars 



in savings has been returned its members by the 



Manufacturing 

 Lumbermen's Underwriters 



and there remains to the credit of members over 



Nine Hundred Thousand 

 Dollars 



The membership, which is constantly increasing, 



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 three 

 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 forms, 

 an inspection service which may save you from a dis- 

 astrous fire, with the certainty of a prompt and 

 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. 



HARRY B. CI.ARK 



Western Representative 



Portland. Ore. 



Attorney in Fact 



KANSAS CITY, MO. 



celved indicate that log operators have practitally ceased work in this 

 territory, and should n heavy demand develop any titne next spring or 

 summer, the prohiihilities are that stocks will run short. In the upper 

 CumhtTland river territory log operations are at a standstill on account 

 of the lack of orders from the manufacturers. At present stocks are 

 liberal, and dealers will be In position to supply a good demand. 



=■< BRISTOL y- 



A slifflit improvemeDt in business is noted in this section, but noth- 

 ing approaching a revival. Most of the mills have closed down and 

 •expect to remain idle until spring, unless there should be unexpected 

 improvement. The j*ards are only fairly well stocked. There has been 

 some movement of lumber within the past few weeks, but the volume 

 was small. The general feeling among the lumbermen is good. 



=-< LOUISVILLE >- 



"Business is better." This is the general report heard among hard- 

 wood men in Lotilsville. While trade is not enormously improved. In 

 that the volume is probably not a great deal more than it lias been, 

 indications are much more favorable, and prospects for business after 

 the first of the year, and indeed before the end of the present twelve- 

 month, arc regarded as excellent. Export business, especially in con- 

 nection with material reciuired for military operations, is promising, 

 and the railroads are buying. These two factors, combined with improv- 

 ing domestic demand, augur well, especially as building, which has been 

 at a low ebb for some time, is picking up slowly but surely. Tbe federal 

 reserve system has gone into effect, releasing a large amount of money 

 which will he available for the needs of business, and this is expected 

 by lumbermen to have a beneficial effect on the situation. Prices are 

 stiffening somewhat, in that lumbermen are not so keen to take business 

 at any price, but are insisting on getting a price commensurate with the 

 intrinsic value of their stock. In view of the present state of production 

 and the constant increase in the demand, the market is expected to 

 stiffen appreciably during the next few weeks. 



=-< MILWAUKEE y. 



The most noticeable thing in the Milwaukee hardwood trade at the 

 present time is the optimistic feeling regarding the outlook for business 

 after the opening of the new year. Wholesalers and manufacturers seem 

 to be confident tliat a revival of trade may be expected in January. 

 There seems to be no denying the fact that stocks are light in the hands 

 of retailers and at the various factories. Everybody has been buying care- 

 fully, taking just enough lumber to meet their present requirements, so 

 stocks are at a low point nearly everywhere. Genera! business condi- 

 tions seem to be showing some improvement and it would seem that 

 there ought to be plenty of building carried on next spring. In Mil- 

 waukee, at least, there has been considerable building carried over this 

 fall, which will be brought to a head next spring. Retailers and factory 

 interests ought to be coming into the market more freely after the open- 

 ing of the new year. In order to be -prepared for the early spring trade. 



Many of the large factory concerns are beginning to work on their 

 annual inventories and business from this source will probably be a 

 little quiet until this work has been completed. Wholesalers arc inclined 

 to believe that the inventory work will help to emphasize the fact that 

 stocks on band are unusually light. 



There was a fair amount of new building launched in Milwaukee 

 during the past week. Although there was a decrease of almost $75,000 

 compared with the corresponding week a year ago the record shows up 

 well, considering the past few weeks this fall. During the week there 

 were sixty-six permits Issued for work to cost .$224,180, as against ninety- 

 two permll;s and an investment of $308,060 during the similar week a 

 year ago. 



While there is some price-cutting by various concerns who need the 

 money, on the whole prices are being maintained fairly well. The 

 majority of concerns are inclined to believe that there is value in their 

 holdings and that higher prices can be expected after tbe opening of the 

 new year and tbe demand shows more life. Stocks at the mills and In 

 all hands are light and the belief is that hardwood stocks will be well 

 cleared up before spring. Birch and maple seem to he moving fairly 

 well. 



=-< DETROIT y 



General business conditions In all lines are showing a little improve- 

 ment and there appears to be some ground for optimism. The hard- 

 wood market, however. Is not picking up to any degree, but dealers 

 believe that they will not be long without better business It the Im- 

 provement becomes permanent. 



There is reported to be an encouraging number of inquiries in the 

 Detroit market that would indicate a larger buying. Other dealers re- 

 jiort orders booked but that shipments are held up, which has been 

 the case for several months. 



The building trade at present Is not so bright as It should be. 

 New building is not so large as it was a year ago and It Is feared that 

 If conditions do not brighten the total for the year will fall below 

 that of lOia 



