42 



HARDWOOD RECORD 



Mutual Fire Insurance 



Best Indemnity at Lowest Net Cost 

 Can Be Obtained From 



Boston, Mast. 



The Lumber Mutual Fire Insurance Company, 



The Lumbermen's Mutual Insurance Company, 



Mansfield, Ohio. 



The Pennsylvania Lumbermen's Mutual Fire Insurance Company, 



Philadelphia, Pa. 



The Indiana Lumbermen's Mutual Insurance Company, 



Indianapolis, Ind. 



The Central Manufacturers' Mutual Insurance Company, 



Van Wert, Ohio 



WANT E D 



All Kindt of High-Grade 



HARDWOODS 



S. E. SLAYMAKER & CO. 



Within 

 a Decade 



Our forest resources will have been 

 reduced to the extent of 450,000,000,- 

 000 to 500,000,000,000 feet. 



That quantity of timber will ha\e disappeared 

 from the market for all time. 



Timber Buying 

 Time is Here 



Today there is a market for the best of the tim- 

 ber. In the near tomorrow there will be a de- 

 mand for all of it. In that near tomorrow timber 

 will be good property to own — if you buy it now. 



James D. Lacey ^ Co. 



Timber Land Fmctort 



CHICAGO. ILL.. 1760 McCormick Building. 

 PORTLAND. ORE., 1313 Northwestern Bank Building. 

 SEATTLE, WASH., 1009 White Building. 



delivery, but are negotiating for the delivery of other stock later on. 

 The condition of the average hardwood concern has heen a barren order- 

 hook — that is, all of the business handled has been for immediate delivery, 

 with little accumulating for shipment later on. Now that future business 

 is being booked, and consumers are realizing that an upward movement in 

 prices is due, more liberal ordering is sure to follow, and the market wiir 

 lie strengthened at just the points where it has been weakest. This, at 

 least, is the opinion of those closest to the situation and in the best pos- 

 sitile condition to judge. 



=■< ST. LOUIS >■- 



Tiie hardwood situation is a little better than it was. but the iniprove- 

 nicnt is rather slow, ^yet weather has been quite a handicap to all lum- 

 l>er business, as it has made the country roads impassable and has pre- 

 vented farmers from coming to the towns for lumber. This has caused" 

 country yards to buy sparingly. As soon as the weather conditions im- 

 prove there will no doubt be an active demand, as stoclts are low and 

 liberal buying must be done. Plain red oak is most in demand. Inch 

 stock in first and second grade is particularly sought for. There is not 

 much being done in white oak in the better grade. Oum and cottonwood" 

 are fairly good movers. There is a fairly steady demand for cypress, in 

 spite of adverse weather conditions, but it is far from satisfactory. Coun- 

 try yards are not doing much business, owing to the bad roads, which- 

 keeps the farmers away from town. Yard owners will not buy until sell- 

 ing can be done. 



^■< MILWAUKEE >-= 



Judging from the figures available at the office of the Milwaukee building 

 inspector, the spring revival in the building field seems to be making itself 

 felt, even at this early date, and lumbermen are confident that this wilt 

 mean a satisfactory business this season. During the month of March, 

 for the first time in practically a year, the building investment showed a 

 decided gain. There were 420 permits issued for structures to cost 

 i?94*J.I*21, as compared with ^6.1 permits and an investment of $G96.18n 

 dviring the corresponding month a year ago. This represented a gain of 

 .S24*1.T."'.S and seems to bear out the prediction made by Building Inspector 

 TTarper that the building record this year will attain the mark reached in 

 i;»];t. News from al>out the state indicates that there will be considerable- 

 building carried on in the smaller cities and towns and in the country 

 districts. 



The hardwood trade seems to 1>e improving slowly but surely and lum- 

 bermen feel that plenty of business will develop later in the season. One 

 of the most favorable signs is the slightly better demand from the locaT 

 factory trade. The sash and door and general interior finishing concerns 

 are making better inquiries and a good trade from this source is antici- 

 pated. Stocks on hand at all these plants have been light for months, as 

 the factory trade has been inclined to buy only enough to satisfy immedi- 

 ate wants. Wholesab^rs expect a good yard trade a little later on. 



Prices are unchanged, although there seems to be a little firmer tone in 

 the market. Birch, maple and basswood are the leaders in northern 

 woods, and reports from some quarters say the available supply of dry 

 stocks in this line is not especially large. Low grade stocks are moving 

 fairly well. Oak seems to be the strongest item in the southern hard- 

 woods. 



The loRglng season Is fast drawing to a close in northern Wisconsin. 

 Wi'atber conditions were favorable all winter and news received here- 

 would Indicate that the hardwood cut was much larger than had been 

 planned earlier in the season. 



=•< GLASGOW >.= 



rnnditlons In this market continue on much the same lines as pre- 

 viously reported. Huyers still continue the hand-to-mouth policy, and 

 will not buy ahead. Stocks are being slowly reduced, and stock lists 

 puldished at the end of the month will sliow a large reduction in most 

 of the items. Values are well maintained, and the tendency is toward 

 a higher level. Shipbuilders are not using much timber because more 

 attention is paid to government work. 



Spruce continues to move well into consumption, and high prices are 

 being obtained. Broad deal 11" and up command high prices, there 

 being <'ery few of such in the market. However, shippers would be 

 well advised to work with extreme caution, as there is a talk of the 

 embargo placed on Swedish goods, by ficrmany, being removed, and 

 should this take place, it will very much affect the .\merican spruce 

 shipments. Hence the shippers will requlri' to be careful that they do 

 not send forward consignments to a falling market. 



.Tust now there is a good inquiry for .'■■ailing vessels to carry timber 

 and lumber to the fnited Kingdom, but a pronounced scarcity of suit- 

 able vessels whose owners will accept such charters. Itates quoted are 

 the highest figures heretofore ruling, with a tendency to advance still 

 further. Among the more important arrivals are the S. S. Kassanga, 

 from New Orleans, whose cargo includes the usual assortment of pitch 

 pine lumber, gum and staves, as well as a large quantity of pitch pine 

 decking and a few ash logs. The S. S. Marina, from Baltimore and 

 Newport News, brings oak boards, oak planks and railway scantling, 

 cottonwood and poplar boards, and several parcels of silver pine. I'^r 

 all lots there is a good demand, and most of the shipment will be cleared 

 on an ex quay basis. 



