HARDWOOD RECORD 



May 10, 191.' 



Miss Gladys Coulter rendered a violi,n number, while Mrs. J. Roy Wagner 

 contributed much to the pleasure of the evening with her ukulele. 



Patriotic songs were rendered frequently and the evening closed with 

 the singing of "America." 



Hardwood Manufacturers' Market Report 



The market report of the IIard\v..od Manufacturers' Association of the 

 United States dated April, 191S, shows the following figures in standard 



F. O. B, CiNCi.NNATi, Ohio 



<juarterf:d white oak— 



5/8" 4/4" 5/4" 6/4" 



nmon and Selects 44 



uud Wormy 



tTE.iiEi) Red 0.4K- 



and Selects 

 . i;i:]> Oak-' 



8/4" 10/4" 

 $98 



70 '. '. 



43 ;: 



42 



$87 .. 



.$52 

 Selects 34 



13 25 28 28 32 



18 20 20 24 



34 40 40 45 



5/8" 4/4" 5/4 ' 



$64 $75 $8; 



52 52 56 



BlUCH— 



Fas 



No. 1 Common 



No. 2 Common 



No. 2 Common & Better 

 Beech — 



fedci 



; paid in ten days. He said that his firm does not have au 



of one order per month because of its terms, 

 ics introduced a draft form which he had secured from the 

 ' , t. Ill, This has provisions for ear number, gross invoice, 

 estiin-i I . iii.il freight and net invoice. It is used to draw for 

 eiglil\ : I" net amount and bears across its face the following: 

 "Tlii^ i; .:,. I -iiiir.t to a discount of two per cent if paid on presenta- 

 tion." It alsu has stamped across its face in red ink: "Accepted 



101. The oliligation of the acceptor of this bill arises out of the 



purchase nt goods from the drawer payable at (specified bank or address)." 



The terms of the .\nderson-Tully Company were read to the members. 

 These call for : "Two per cent discount If eighty per cent of net amount 

 is remitted on receipt of Invoice ; balance on receipt and inspection, or 

 acceptance for net amount, due sixty days from date of invoice." 



.T. Staiey Williford, secretary of the club and a member of the Bell- 

 grade Luml)er Company, said that his firm had sent out Inquiries recently 

 to its customers with a view to ascertaining their sentiment regarding 

 trade acceptances. He reported that ail had agreed 

 with the exception of the manufacturers of furniture, 

 they sold their output on such long terms that they 

 make acceptances due within sixty days. 



Ri.v Mariiii f..r \ii k, y brothers. Inc., said his firm was quite willing 

 to iiiaki a--. Ml iIm iraiir ar,rptance or the terms reported by the Ander- 

 sou'l'nliv 1 "iii|.an,\ and It .1. Darnell, Inc. Other members of the clul) 

 pxpicssr.i 111. HIS. |\. s similarly, and it is regarded as virtually certain that 

 the discusfiou at the last meeting will be followed by definite action at 

 the next. 



Four applications for membership were filed at this meeting. These 

 will be voted on next Saturday. 



There were between sixty and seventy members present. President J. F. 

 McSweyn occupied the chair. The usual luncheon was served. 



Stock Report Encouraging 

 The stock report of the Hardwood .Manufacturers' .\ssoeiation shows 

 the following figures : 



cr.'as.'',,! :'.-. (V.in .m,'i, ' ,,a ,i \.u i.ia.i .\pril 1 of 1,148,000 feet, of which 

 15i;. I lie stock unsold April 1 was 611,000, 



the use of these 

 10 explained that 

 dd not afford to 



Fas 



the 



thing very 



and uniform terms of sale for 

 lecting of the Lumbermen's Club 

 oso Saturday, May 11, and that 

 similar thereto, will be put Into 



Tla -. i; I..I ..ini. u\i fell' consideration at the regular semi-monthly 

 mcctini; ot' this organizatiou April 27 when the law and Insurance 

 committee made its report. 



J. H. nines explained that the trade acceptance would put the business 

 of the lumbermen much more nearly on a cash basis, that it would remove 

 all open or book accounts, which represent dead capital, and that it would 

 represent cooperation with the government, ■which Is urging the use of 

 this instrument as a means of facilitating finance and business. 



Col. S. B. Anderson said that for practically ten years buyers of lum- 

 ber had dictated both the terms and the price. He believed the time had 

 come when lumbermen should take advantage of present conditions by 

 determining both their terms and their prices. 



Elliott Lang of R. J. Darnell, Inc., outlined the terms under which his 

 firm had been doing business for the past fourteen months, calling for a 

 discount of two per cent if eighty per cent of the net amount of the 



t'AS, with enough stock 

 a total on hand April 1 

 thern mills. 



common shows a total on hand 



ind at southern mills 464,000, while No. 



000 total at pastern mills and 212.000 at 



red re, I oak Fas shows a very light re 



The same thing holds In No. 1 common, which shows a total on hand at ■ 

 eastern mills of 13,448,000 ; at southern mills 9,160,000, this being dated 

 April 1. Out of this total of 4/4 at eastern mills shows 4,845,000 and 

 6.920 i>iHi nt - ..itlieni mills. The unsold on March 1 and April 1 was 

 about ""• - .1 .. Ml .,i~..s. 



Til. 1,1 11. ti wormy at ea.stern mills was 753.000 and at 

 sontle . - i.n.i \.. tiile sound wormy in all thicknesses showed an 

 east. II .11 ..1 i,'ai:iu.ai and a southern total of 750,000. No. 2 com- 

 mon sIh.w 1 total on April 1 on hand of 11,352.000 at eastern mills and 



3.S14.niiij at southern mills, 4/4 representing aliout two-thirds of this 

 total in both cases. 



No. 3 common shows about the same total on hand, at eastern mills. 



