44 



HARDWOOD RECORD 



Revived Inland Navigalion 



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, III., on August 1st and 2nd 



WE HAVE MORE IN STOCK 



D. K. Jeffris & Co. 



CHICAGO 



HARDWOODS 



CONCOBDIA I.ANH & TIMBER CO. 



Jeffrts, La. 



YELLOW PINE 



MANCHE.STER SAW MILLS 



Mancbetiter, Ala. 



Timber Values 

 Stay Put 



Products of timber fluctuate in price. De 

 mand is the governintv factor in establishing 

 the value of such products. 



Timber prices also are reguhited by demand 

 but it is known there will be a call for every 

 tree from which merchantable lumber can be 

 produced. 



Find Out 



Where the "For Sale" timber is and what it is. 

 Such information should be secured now. It will 

 be of value later. Our competent organization can 

 secure the data you need. 



Pending the return of a broader demand there is 

 opportunity for profitable investigation. 



James D. Lacey & Co. 



Timber Land Factor* 



CHICAGO, ILL 1750 McCormlrk Building 



PORTLANn. ORE 1313 Nortliwe8t<>rn Bank Bldc- 



SEATTLE, WASH 1009 White BuUding 



same is true of retailers* stocks. Yardmen have been loath to increase- 

 their stocks before the taking of inveiltories. 



Prices generally are steady, although there is some cutting where stocks 

 liave accumulated. The cutting does not amount to a demoralization in 

 the market, however. Dry stocks in the hands of mill owners are not 

 large. Shipments are coming out promptly all along the line. Collections 

 are stilt had. 



Both quartered and plain-sawed oak is rather firm and the volume of 

 business is all that might ho expected at this time of the year. There 

 is a good demand for chestnut, especially sound wormy. Ash and bass- 

 wood are rather quiet. Poplar stocks are in fair demand and prices are 

 steady. Other hardwoods nro unchanged. 



=-< CINCINNATI y- 



There is a better tone to the hardwood situation, many dealers reporting 

 better business than for many weeks. There is a more substantial ring to 

 the inquiries that are coining in. indicating early buying. 



Steady curtailment goes on at manufacturing points and this has been a 

 big help to hardwood conditions during the depression, and although 

 demand is much improved, it is hoped that mills will hold up just a little 

 longer, when it is confidently believed they can go to cutting full tilt and 

 with confidence. Kight now there is a tendency toward better prices, whole- 

 salers realizing that when a steady call for hardwood comes it does not 

 take very long to take up surplus dry stocks, and while this condition is 

 confidently looked for it is safer to hold down production just a little longer 

 and be on the safe side. 



There is Uttle improvement in No. 1 common poplar, but some good sales 

 have been reported in firsts and seconds, and the low grades are again In 

 active denuind. Firsts and seconds plain oak are also in good request. The 

 lower grades while improved are a little slow. Improvement in call for 

 quartere<i oak has been steady and much confidence is expressed in the 

 near future demand. Ash right now is among the best sellers, thicker than 

 Inch being in excellent demand. This is true also of maple, both hard and 

 soft West Virginia stock. Improvement In gum is not so noti^oable. al- 

 though sap gum Is In much l>etter request than red ; low grades, however, 

 sell readily. Common and lK?tter chestnut is slow, but sound wormy is 

 fairly active. 



-•<, TOLEDO y- 



TIio hardwood sltnntion remains iii;i(ii<;iti.v iincluuij,'cH3. TIio moveniont 

 at tills time Is very slow, iis most of tlip concerns arc busy taking invento- 

 ries. Dealers are not anxious just now to risk very ranch cash in invest- 

 ments, allhonth wholesiilers are ijolntins to the slight raise already made- 

 In the yellow pine market and declarinc that all liimhei is hound to follow 

 this lend and Increases will hold. Most of the local yards are fairly well 

 stocked, nlthouah mnny lines are broken and there is bound to be consider- 

 able buylnff. Lumber dealers and bnlldinir men generally are predicting 

 a big year as soon as the weather becomes settled. I'rices here have held 

 well despite the slow trade. Factory buying is about normal and it is 

 believed Ibat the railroads will soon begin to place orders which will help 

 out the situation materially. 



< INDIANAPOLIS > 



Hardwood men in this vicinity report that the now year has started 

 out quietly. There has been an increase In Inquiries, but not much actual 

 business has resulted. It Is thought, however, that these inquiries will 

 lead up to some verj' substantial orders before long. 



There has been no recent change in pri<'es. Hardwood men, In fact,, 

 will be satisfied If they can keep prices at their present figure. There is no- 

 Indication, however, of a decline. It is thought that a few weeks of good 

 business will result in the prices advancing. 



I-'urniture factories are inquiring, but are not doing much buying. 

 most of them seemingly being in the humor tn hold off until after the- 

 furniture shows. 



There was a little flurry of buying In Itecnilier. but this has passed 

 away, leaving the market quiet but biipeful. 



=-< MEMPHIS >■- 



The trade Is facing the new year with confidence. Tlic belief has pre- 

 vailed for some time that there would be a good volume of business as 

 soon as the new year began. Before the dose of the old year there were 

 enough Inquiries to suggest a decided increase in a very short time and 

 members of the trade here are of the opinion that this will begin to 

 nuiterializo by the middle of the current month, if not sooner. Repre- 

 sentatives of hardwood firms here who have recently been on the road brin^ 

 back much more encouraging reports, and these have not been without tbelr 

 intluence In creating a belief in general improvement. It is suggested 

 l»y these gentlemen that .stocks in the hands of consumers are quite small 

 and that distributors have also been buying from hand to mouth. Tliere Is 

 no doubt In the minds of hardwood lumber interests here that general busi- 

 ness conditions arc improving and that they anticipate that this will 

 result in Increased t)uying on the part of both consumers and distributors. 

 It Is also anticipated that prices will be somewhat higher ns soon as busi- 

 ness gets well under way. This view Is based in part on the expected 

 increase in demand and In part on the decreased offerings. As a general 



