38 



HARDWOOD RECORD 



town and reports that no disposition to stock up is manifest, though 

 manufacturers are buying moderately. 



G. Elias & Bro. report the hardwood trade as rather quiet, with some 

 falling off of local trade because of a slow-up in building operations. 



-■< PHILADELPHIA >• 



Charles K. Parry of Charles K. Parry & Co., owners of the Carolina 

 Spruce Company, Pensacola, N. C, says business so far this month has 

 shown a substantial improvement over last month, which is very en- 

 couraging as to outlook. The stock exchange has opened strong for a 

 brisk business ; foreign investors in American securities instead of dump- 

 ing their holdings on the market regard them as sound and reliable. 

 Charles K. Parry & Co. have removed their offices to 402 Land Title 

 building, where they have better facilities for conducting their business. 



OweuM. Bruner, president of the Owen M. Bruner Company, declares 

 that there will be live business in 1915. For one source, the warring 

 countries must have clothes as well as numerous other necessities for 

 the armies and the non-combatants, and this country is looked to for re- 

 lief in their extremity. The factories, the material and the labor are 

 here, consequently the mills and other trades will Bourish. Mr. Bruner, 

 who is possessed of keen insight, is able to adduce many other good rea- 

 sons why good business may be expected for 1915. 



Frank H. Hawkins of the Kirby & Hawkins Company, handlers of 

 railroad ties and lumber, says the carrying companies have given no- 

 tice that they do not intend to tuy anything for some time, which stand 

 has also been taken by other large corporations, but it is significant 

 that a quiet inquiry is being made as to the stock situation and he will 

 not be surprised if at almost any time after January 1, 1915, a brisk 

 business will start up. W. S. W. Kirby, formerly of this house, has re- 

 signed ail connection with the concern. 



J. Elmer Troth, president of the J. S. Kent Company, says more in- 

 terest is shown by the buyers as to stocks and quotations, which augurs 

 better business and stiffer prices for the new year. 



Frank E. ScboUeld of Schoficld Bros., owners of Saltkeatcble Lumber 

 Company, Schofleld, S. C, and the Honaker Lumber Company, Putnam, 

 Va., has just returned from the latter point. He says the frame work 

 and roof of the new triple band mill which is to replace the one burned 

 on October 17 is now completed and work is being pushed. He thinks 

 buyers are realizing that rock bottom in prices has been reached and will 

 soon get in the market for goods. 



E. M. Bechtel, sales manager for Wm. Whitmer & Sons, Inc., argues 

 that as inquiries are multiplying and minute Information continues to 

 be sought as to possible arrangement for future delivery with a decided 

 disinclination on the part of the seller to close any deals for spring de- 

 livery at prevailing prices, a much Improved business is anticipated for 

 the new year. During the last few days Inquiries for considerable lum- 

 ber have been made by one of the railroads. 



George Houck, general manager for the Highland Lumber Company, 

 Inc., Seth, W. Va.. has just returned from South Carolina where he has 

 been inspecting the large electric power sawmill of the Atlantic Coast 

 Lumber Corporation. The Highland concern intends to employ the best 

 electric motor power in its new mill, which will be erected next spring. 

 Mr. Houck says his company's business so far this month is way ahead of 

 November, and things look bright for 1915. There is an inclination on 

 the part of the buyers to close deals for future delivery at present 

 values, but they will receive very little encouragement at this time, for 

 his concern will not book orders now for delivery after January. 1915, 

 without an advance in price. 



J. W. Turnbull of the J. W. Turnbull Lumber Company predicts con- 

 siderable new business after the first of the year. Buyers are beginning 

 to realize that this Is a good time to buy. Mr. Turnbull has just re- 

 turned from Bristol, Tenn., where he has been inspecting the stock situa- 

 tion. 



W. H. Wyatt of the Jaekscn-Wyatt Lumber Company owns to being a 

 confirmed pessimist up to a month ago, hut his views have changed, as 

 he realizes that trade in other lines is swelling witii orders from the 

 war zone and inquiries in the lumber trade continue to increase. 



Fisher Dalrymple of the Thomas E. Coale Lumber Company reports a 

 tangible improvement during the last fortnight and is confident that after 

 the first of the year a progressive prosperity may be relied on. 



J. H. Campbell of Currie & Campbell says business is gradually liven- 

 ing up and that January promises a good showing. Mr. Campbell evi- 

 dently is relying on the fighting countries for a good business, as trading 

 here on account of (be danger in shipping will be considerably inter- 

 rupted as long as the war lasts. His firm recently made a contract to 

 handle the output oi the Graham County Lumber Company's mill at 

 Judson, N. C. This concern manufactures a general line of hardwoods 

 and turns out about 50,000 feet per day. 



•< PITTSBURGH > 



Samuel H. Landis Is arranging to rebuild his handle factory at Quaker- 

 town, Pa., which was burned last summer and which will employ about 

 thirty hands. 



C. W. lams of this city has bought the plant of the Bbeusburg Planing 

 Mill Company at Bbensburg, Pa. 



The newly organized Universal Lumber Company Is now very nicely 

 established in fl.<. ninmoTi^i Pnrk building. It will make a specialty of 



hardwoods and white pine. The ofiicers are: Arthur Arnheim, 'who was 

 connected with the Erving & Stoner interests of this city for twelve 

 years, is president : Henry Besnick, for the past two years credit man- 

 ager for the Fairbanks Company of Pittsburgh, is vice-president ; William 

 Lichtenstul, for the past three years manager of the real estate depart- 

 ment of the Pittsburgh Industrial Development Commission, is secre- 

 tary and treasurer, and A. G. Reddinger, a lumber manufacturer of 

 TempU'ton, Pa., will also be one of the directors. 



John McKeown, furniture manufacturer of this city, will build a large 

 plant on the Potomac river in West Virginia where he has lately bought 

 500 lots. The plant will manufacture furniture novelties. 



The Pennsylvania Door & Sash Company and the Commercial Sash & 

 Door Company of this city have bought the entire business and stock 

 of the Pittsburgh Hardwood Door Company. The stock inventoried at 

 ^150.000 and will be divided equally between the two purchasing con- 

 cerns. The Pittsburgh Hardwood Door Company was organized about 

 eight years ago in this city to handle the hardwood doors of the Paine 

 Lumber Company, Ltd.. of Oshkosh, Wis. It had large quarters in the 

 terminal warehouses on the South Side until two years ago when a fine 

 four-story plant was built at Thirteenth and Pike streets for its special 

 use. Tbe company has been operating the past two years as a wholesale 

 and retail concern. It will now abandon the Pittsburgh field entirely. 

 Xatiian Paine, vice-president of the Paine I/umber Company and presi- 

 dent of the Pittsburgii Hardwood Door Company, handled the sale for 

 the latter concern. 



J. N. Woollett, president of the Aberdeen Lumber Company, announces 

 that it Is very hard to move gum and cottonwood on contracts placed a 

 long time ago. Everybody is iiolding up shipments so far as possible and 

 at present there are no new buyers in the market. 



O. H. Babcock of the Babcock Lumber Company believes that there 

 will be- quite a revival of lumber buying after the first of the year and 

 that prices are bound to reach a higher level soon. 



President J. L. Kendall of the Kendall Lumber Company reports that 

 total sales for the year will not he more than ten per cent below those 

 of 1013. The company Is now renewing contracts at nearly the same 

 prices received last year. G. M. Chambers, sales manager of this company, 

 will be located In New York City for the next few months, where he 

 has been very successful In digging up new trade. 



The Home Lumber Company Is a new concern at Warren, 0., which 

 will handle considerable lumber for manufacturing plants In the Ma- 

 boning valley. The members are T. F. and T. A. Miller of Youngstown, 

 and F. D. McClure, E. D. Morrow, N. G. Baldwin. H. E. Webster an* 

 Hoscoe Winnagle of Warren. 



•<, BOSTON ^^ 



The management of the George W. Gale Lumber Company of Cam- 

 bridge has been temporarily placed In the hands of a committee of the 

 largest creditors, consisting of George H. Davenport of Davenport, Peters 

 Company, George C. Cutler of Stetson, Cutler & Co. and Fred S. Ramsey. 

 This action was taken Dccembor 7 since which time the payment of 

 bills for merchandise has been suspended. An accounting firm is now tak- 

 ing account of stock and looking over the situation of the company, and 

 it is hoped that It may arrange some plan whereby the present condi- 

 tions may be passed over and this old and excellent firm continue In 

 business. In the early part of the year a new thoroughly modern plant 

 was constructed in the Mt. .\uburn section, and this large employment of 

 capital was followed by the general decline in business which placed the 

 company in a position where with even their finest facilities for manufac- 

 turing, handling and delivering, it is obliged to take the course referred 

 to above to preserve Its Interests and organization. 



The Norwegian Steamer Falk and the British Steamer Elswick Tower, 

 arriving in this port with about 2,200,000 feet of mahogany logs from 

 Frontera and Axim, Africa, for a well-known Boston firm, have given a 

 new Impetus to the local trade In this wood. There are predictions that 

 these arrivals, valued at about ?120,000, forecast a revival of the busi- 

 ness formerly carried on by a fleet of square riggers and it Is expected 

 that a permanent service may be established. 



A petition in bankruptcy was filed December 4 against the Apponaug 

 Lumber Company of Warwick, R. I., with liabilities of $29,592, amonff 

 which appear three Boston firms. The assets are scheduled at $12,055. 



::-< BALTIMORE y- 



Suit has been filed at Ashland, Ky., by W. C. Dunnington of Moun- 

 tain Lake Park, Md., and E. H. Sincell of Oakland, Md., against the 

 U. S. Bond Lumber Company, and the Bond Foley Lumber and Oil Com- 

 pany for $.'i25.0OO alleged commissions and profits on the sale of ,'J7.000 

 acres of timberlands In Jackson and Rockcastle counties, Kentucky. The 

 plaintifTs state that the lands sold for $925,000 and that they had a 

 contract with the owners to take $600,000 as commissions. They main- 

 tain that they introduced the owners to agents of the Standard Furni- 

 ture Company, which was ready to pay .$925,000, but that in order to- 

 defraud the plaintiffs; the defendants conspired with the Standard Furni- 

 ture Company to hav.e the Bond-Foley Company Incorporated and the 

 property sold to that concern. Mr. Dunnington Is proprietor of Moun- 

 tain Lake Park and Mr. Sincell Is an Oakland attorney. 



The will of the late Charles F. Shaffer, president of the C. F. Shaffer 



