Published In the Interest of Hardwood Lumber, American Hardwood Forests, Wood Veneer Industry, Hardwood Flooring, 

 Hardwood Interior Finish, Wood Chemicals, Saw Mill and Woodworking Machinery. 

 NEW Y( 



Vol. XXIII. 



CHICAGO. JANUARY 10. 1907. 



No. 6. 



Published on the 10th and 25th of each month by 



THE HARDWOOD COMPANY 



Henry H. Gibson, President 



FRANK W. TUTTLE, Sec-Treas. 



OFFICES 

 Sixtn Floor Ellsworth Bldg., 355 Dearborn St.. Chicago, 111., U.S.A. 



Telephones: Harrison 4960 Automatic 5659 



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HARDWOOD ASSOCIATION MEETINGS. 

 Indiana Hardwood Lumbermen's Association. 



The eighth annual meeting of this association will be held 

 at the Grand Hotel, Indianapolis, on Friday, Jan. 11, 1907. 

 Matters of much importance to the trade will he brought 

 up for discussion and a large attendance is desired. 



Hardwood Manufacturers' Association of the U. S. 



The fifth annual meeting of this association will be held 

 on Tuesday and Wednesday, January 29 and 30, 1907, at the 

 Gayoso Hotel, Memphis, Tenn. 



National Wholesale Lumber Dealers' Association. 



This association will hold its next annual convention on 

 Wednesday and Thursday, March 6 and 7, 1907, the place 

 of meeting to be decided upon later. Due notice will be 

 given of the selection in these columns. 



General Market Conditions. 



There has been no essential change in general market conditions 

 of hardwoods during the last month, save in poplar. The tides of 

 the last few weeks in poplar producing streams having their sources 

 in Kentucky and Tennessee have brought out a fair quantity of logs 

 — enough perhaps to serve the river mills for sixty days. These 

 tides are two months in advance of expectations, and if the winter 

 remains open and the booms meet with no calamity from ice, the 

 supply of logs will eventually make quite a showing of poplar for 

 the midsummer trade. However, the same tides which gave the river 

 mills a stock of logs have played havoc in the mountain producing 

 districts, tearing out logging railroads and interrupting operations 

 in these sections very seriously. There were not nearly so many logs 

 delivered on the tide as currently reported and the receipts were not 

 of sufficient importance to give even a suspicion of a possible over- 

 stock of poplar lumber. This fact is well understood by thoroughly 



posted buyers of this wood, as poplar values have materially 

 m lengthened during the last month. 



The oak situation remains unchanged. There is a heavier de- 

 mand for the wood than the possibility of supply. Many varieties 

 of very ordinary oak are going on the market masquerading as the 

 veritable white and red, but they are poor substitutes for the first- 

 ■ • 1 : i -;s article. However, such is the shortage of oak of high physics 

 that manufacturers are glad to get almost anything that will enable 

 them to carry on their line of production. 



The extremely high prices of oak are tending to stimulate the 

 demand for mahogany. Many furniture manufacturers are using 

 this wood extensively. The result is that the comparatively small 

 quantity of mahogany in the country is being exhausted very fast. 

 The Cuban wood, which is regarded as of the highest utility for 

 furniture and chair making, is in specially short supply. The 

 dealers of Chicago have possibly more of this variety of mahogany 

 in stock than is owned in all other parts of the United States, and 

 this quantity is probably not much in excess of 2,000,000 feet. 



All the northern woods are doing fairly well, and dry stock at 

 milling points is in shorter supply than at any time in the history 

 of the trade. The northern peninsula of Michigan and northern 

 Wisconsin have a good fall of snow and this hardwood section is 

 bringing out a fair quantity of logs. There is very little being done 

 on snow in the southern peninsula of Michigan and in central Wis- 

 consin, but logging railroads operated in these regions are drawing 

 a fair stock of logs. The weather conditions in the southern hard- 

 wood districts are still very bad and many mills are shut down for 

 want of logs. The car shortage is still about as bud as at any time, 

 and what little dry lumber there is in the South can be shipped but 

 intermittently. 



The demand for hardwood flooring in oak, maple and beech is still 

 well up to the capacity of the plants, with no signs of diminution. 



The veneer people are all busy with orders that will last for from 

 sixty days to six months. The range of values for veneers and 

 panels still is low, much lower than the relative value of lumber 

 that might be used for the same purposes. 



National Reciprocal Demurrage Convention. 



The call issued by the American Lumberman for a National 

 Reciprocal Demurrage Convention resulted in the attendance at Chi- 

 cago on Jan. 4 and 5 of several hundred prominent shippers from 

 all parts of the United States. Very largely represented in the 

 assembly were delegates from more than a hundred leading associa- 

 tions and mercantile bodies representing the lumber, coal, grain 

 and hay interests of the country. S. B. Anderson of Memphis was 

 chosen chairman of the meeting and J. E. Defebaugh of Chicago 

 secretary. 



The convention resulted in the dissemination of a vast amount 

 of information covering the stringent car shortage prevailing in all 

 parts of the country, and evidence was presented to show the 

 astoundingly slow movement of bulk commodities after their delivery 

 to the railroads. In many individual cases it was shown that i 



ere moved only at the rate of from three to ten miles a day and 

 a maximum movement was barely fifty mile?. It was conceded that 

 if railroads could be induced to move their freight at an average 

 rate of sixty miles in twenty-four hours the situation would prac- 

 tically be relieved, as this would give shippers double the quantity 

 of cars they now have. 



The convention went on record by resolution as advocating a 



