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. 



Vol. XXIII. 



CHICAGO. MARCH 25. 1907. 



LIDR 



No. 11. 



K OTAl 



Published on (he 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, III., U.S.A. 



Telephones: Harrison 4960 Automatic 5659 



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ASSOCIATION MEETINGS. 



Michigan Hardwood Manufacturers' Association. 



This association will hold a special meeting at the Hotel 

 Pautlind, Grand Rapids, Mich., on Wednesday, April 17. 



National Hardwood Lumber Association. 



The tenth annual convention of this association will be 

 held on Thursday and Friday, May 23 and 24, 1907, at 

 Atlantic City, N. J. 



National Lumber Manufacturers' Association. 



This organization will hold its annual meeting on Tuesday 

 and Wednesday, May 28 and 29, at the Auditorium on the 

 Jamestown Exposition grounds, Norfolk, Va. 



2? 



General Market Conditions. 



Strong values and insistent demand continue to be the features, 

 of the hardwood market situation, both North and South. Reports 

 of Wisconsin hardwood stocks just collected from the leading 

 producers of that state, show less than 17,500,000 feet of . 1 1 > 

 Inmber on hand; less than 3S, 000,000 feet of green lumber; and 

 less than 35,000,000 feet of logs— a total of less than 90,000,000 

 feet in sight for ruling business. This is 6,000,000 feet less than 

 last fall's report showed. 



The recent statement issued by the Michigan operators shows 

 relatively light stock. It further develops that a comparatively 

 small portion of this' lumber is now owned by manufacturers, but 

 has been sold in advance to jobbers. 



Tallies of northern hardwoods are gradually advancing. In the 

 southern hardwood producing sections the situation is very like 

 that in the North. Manufacturers have no dry lumber on hand 

 and their green stock is quite largely sold in advance. With the 

 renaissance of better weather conditions, manufacturing is pro- 

 gressing both North and South and every effort is being made to 

 supplement depleted stocks. The oak, poplar, Cottonwood and 



gum markets are very strung, and the demand is much in excess, 

 of the possibility of supply. 



Hardwood flooring manufacturing plants are still very busy; 

 there is apparently no cessation in the present demand, and every- 

 thing points to a continuation of active buying. Prices of all 

 grades of hardwood flooring are gradually advancing, with a 

 marked increase in the price of factory grades. 



Tin- mahogany market is showing an increase in strength in the 

 East, West and South. Both European and home markets arc 

 pr< tty closely stripped of high-quality logs. 



President Names Waterways Board. 



In compliance with the request of the Hardwood Manufacturers' 

 Association and other commercial organizations of importance in the 

 Mississippi Valley, President Roosevelt has named a Waterways 

 Board, which includes nine men prominent in the government service. 

 The sole duty of this board will be to study the inland waterways of 

 the United States and report a comprehensive plan for their improve- 

 ment and control. 



Theodore E. Burton, chairman of the Eivers and Harbors Com- 

 mittee of the last Congress, is chairman; others on the board are 

 Mr. Bankhead, congressman from Alabama; Gen. Mackenzie, chief 

 of engineers of the army; Mr. Newell, director of the United States 

 reclamation service; Mr. Pinehot, chief forester; Mr. Smith, com- 

 missioner of corporations, and Mr. McGee, the well-known anthro- 

 pologist and geologist. 



In a letter which the president lias addressed to each of these 

 persons he states that he is influenced in creating the commission by 

 broad considerations of national policy; that the railroads are no 

 longer able to move crops and manufactured products rapidly 

 enough to secure the prompt transaction of the business of the 

 nation, and that there appears to be but one complete remedy — the 

 development of a complementary system of transportation by water. 



The fulfillment of the work of this commission and its ultimate 

 completion by legislation means much to the lumber industry of the 

 country, and especially to the hardwood branch. The great hard- 

 wood field of the entire lower Mississippi yallej is tributary to the 

 \li sissippi river, and with a maintained channel of a reasonable 

 depth between New Orleans and Chicago a cheap and comparatively 

 speedy means of transportation would be afforded for not only lum- 

 ber but a vast variety of other manufactured products. European na- 

 tions, particularly Germany, have spent millions in developing water- 

 ways and streams, which has resulted in very low freight rales on 

 coarse products. This country has overlooked the vast importance 



of such work, and appropriations for what little has been di have 



I n niggardly. Instead of being inimical to the railroads this propo- 

 sition should be advantageous to them, and will doubtless 

 meet with their support and approval. Theodore shouts, 

 Stuyvesanl Fish and James J. Hill have expressed the opinios pub- 

 licly that were tha waterways of the country thoroughly developed 

 and not used merely as a "hammer for rates'' they would be bene- 

 ficial to the railroads, in. that the low-class tonnage would be rele- 

 gated to them, leaving the roads to handle manufactured 

 products. The output of the country has increased 1 10 per ce»t of 

 late, while railroad facilities for handling it have only been aug- 

 mented by 20 per cent. 



Thus it will be seen i hat the improTement of the internal water- 



