48 



HARDWOOD RECORD 



August 25. 191S 



SAVE YOUR MONEY BY USING THE 



RED BOOK 



in February and August 



It contains a carefully prepared list of the buyerf af lum- 

 ber in car lots, both among the dealers and manufacturers. 



The book indicates their financial standing and manner 

 of meeting obligations. Covers the United States, Alberta, 

 Manitoba and Saskatchewan. The trade recognizes this 

 book as the authority on the line it covers. 



A well organized 



Lumbermen's Credit Association ^Its 



CINCINNATI 



Hardwood Manufacturers and Jobbers 



C. CRANE & COMPANY 



(Manufacturers •( Hardw*od Lumber, ®ak & Poplar especially 



ttur locatlen makM possible quick 



nythino In timbi 



OHIO VENEER COMPANY 

 Manufacturers & Importers FOREIGN VENEERS 



2624-34 COLERAIN AVENUE 



The Tegge Lumber Go; 



High Grade 



Northern and Southern 



Hardwoods and Mahogany 



Specialties 



OAK, MAPLE, CYPRESS, POPLAR 

 Milwaukee, Wisconsin 



positive that stocks in the hands of hardwood manufacturers are well 

 l)clow normal, and they believe that there will be an exceptionally active 

 ilcmand this fall and winter from the government and from private indus- 

 try. They realize that manufacturing costs are increasing all the while, 

 and that their lumber Is worth holding because it cannot be replaced at a 

 cost that will allow even a fair margin of profit on the basis of prices 

 recently prevailing. 



It may be stated on the most reliable authority that stocks of gum and 

 oak, the two leading southern hardwoods, are no larger than they were 

 sixty days ago. There was heavy loss in production as compared with 

 sales and shipments during June in both, and the gain in production over 

 sales during July has been only large enough to otCset the deficit of the 

 Ijrecedlng month. Members o£ the trade are familiar with the shortage 

 of gum and oak at the end of May, and it is necessary for them to go 

 hack to this period to get an idea of what holdings in these two items 

 are at pre.sent. In other woods production is increasing, but in the 

 majority of instances there is a decrease compared with normal in total 

 liuldings. And, what is regarded by the trade as far more Important, 

 there is every indication that production will be extremely light during 

 the fall and winter, and particularly during the winter and spring because 

 of labor shortage and transportation diflaculties. 



Present easiness of prices promises, in the opinion of the majority of 

 the larger producers here, to be a temporary condition. It is felt that, 

 when consumers really appreciate the shortage of stocks and the untavor- 

 al)Ie conditions for production ahead of the trade, there will be a return 

 to active buying and to prices as high as. it not higher than, those prevail- 

 ing until within the past fortnight. 



■<, NASHVILLE >= 



5 part of the South report 

 demand as fast as in ship- 

 Oak, quartered and plain, 

 activity here. Dimension 

 30d deal of attention and 



The various hardwood mills and dealers in thi 

 summer business holding up, prices firm, stock in 

 jilng condition and the car situation improved, 

 poplar, walnut and cedar are showing the main 

 stock, bridge timbers and ties are receiving a g 

 the box trade is active, both for wire bound boxes and packing boxes. 

 Lumber for building in small local request, due to war conditions, but 

 at Iladley's Bend, the seat of the government powder plant, 3,000 houses 

 have been built and as many more are to be built in the near future. The 

 influx of population to Nashville proper Is very gre.it, estimated that 

 it will easily amount to at least 50,000 people. 



=■< LOUISVILLE >= 



There has been a slackening up in the demand for hardwoods during 

 the past week or ten days, new orders from domestic consumers being a 

 Idt slow, although the mills have enough old orders on hand to keep them 

 Koing for some time, and in many cases are glad to experience a let up in 

 order to catch up on back orders. The government demand continues 

 strong, and is taking care of a considerable production of thick oak, ash. 

 poplar and some elm, hickory and other woods. Inbound lumber is mov- 

 ing slowly, due to scarcity of cars in the South, and cars are steadily 

 liecoming harder to obtain, with the result that shipments are not what 

 they should be at this season. Quartered oak is in fair demand only, 

 with thr iiriiicipal oak denianil being for thick plain oak. Some elm has 



I I' 111"-.. I 1 I'. i> tin .i.iiiaihl ii.ing for No. 2 C. & B. and better grades. 



i'.<' ii 1-1 I \ li nun, ,Mii\ii\ than for some time, the demand being 

 [iiiii li'.i: I -I . Miu iiiii II is r. 'ported that this stock is being used for 



iiKii'iii^ « I- ,il>r Mi.rivs. Sycamore has been a bit dull, and gum has 



11 .H ii\, (iiil\ ill tlir lower grades, although gum veneers have been in 



1:111 il'iiiiinl I'i.plar is i,ne of the most active woods on the market, FAS 

 I" Mm \.i\ livrly, wlillr- all low grades are being cleaned up. Walnut is 

 in iiii: ilijiiaud for government use, with the market well stocked on low 

 ^lailis. ilimension stock, etc., which isn't being taken by the government. 

 Malic.-any continues fairly active, both in veneers and good grades of 

 liiiulier. .Vs a whole the market is in good shape, with prices being well 

 ijiaintained, even by the small fellows, who have been short of labor and 

 production, and haven't been able to get far enough ahead of the demand 

 to cause much trouble. 



=■< MILWAUKEE >= 



.imher, both for 



that the 



war and ordinary pur- 

 Business continues so 

 at maximum capacity 

 program is furnishing 

 1 stock. The box trade 

 mitacturers need much 

 ure and musical Instru- 



1 order to cope willi i. iiiiii niM nts. Tlir 



relatively enormous iLntainl Inr scl.-ri,.,! 



taking large quaiitiliis ..i raw inalprial 

 ock tor crating and similar purposes. Tl 

 lent trade is still a good buyer. 



The saturation of the woodworking industry of the East with war 

 ork, together with the larger and more urgent demands of the govern- 

 I'lU. is gradually giving plants in this section of the country a broader 

 iipi.iiiiiiity to keep production at a reasonable level. Although numerous 

 -tai.lisliments have been granted war work contracts of considerable size. 

 iliris li.ive some capacity that is not being used to the full because of the 

 ai kiiiini,' in some lines of domestic requirements. The impression In the 



iw.irlung trade is that there will be definite developments shortly, 



liirli will bring the resources of practically all shops into full play. 



All Three of Us Will Be Benefited if You Mention HARDWOOD RECORD 



