HARDWOOD RECORD 



fair demand, but again the low grades are niovlnj; fast. The demand 

 for these low grades comes mostly from the box makers, who have done 

 remarkably well for such poor times. There is much faith in the future 

 and prices remain firm, but dealers would like a little more action now. 



Tiie hardwood tradi^ ii 

 up fairly well during the 



=-< COLUMBUS >.= 



hoUlin 



has 



athc 



but the volume of trade was not so large as many Jobbers might wish. 

 When the general business conditions are taken into account the demand 

 has been good and the tone of the market is generally satisfactory. 

 Prospects for the future are bright. 



The feature of the buying during the past two weeks has been that 

 of retailers. They arj in the market for Increased stocks mostly for 

 delivery in May and June. Some buying is being done for immediate 

 delivery. Dealers" stocks arc only fair and with the beginning of active 

 building operations they are Inclined to increase them to a certain 

 extent. Factories also are buying some but not so actively as dealers. 

 Furniture concerns are a little slow in laying in materials. Vehicle 

 and implement concerns are in the market. All along the line factories 

 are going slow in placing orders as business conditions are not so bright 

 as formerly. 



Dry stocks in the hands of mill owners are not large in any section. 

 This is partly due to the inclement weather which has hindered drying 

 of stocks. Retailers are receiving their shipments promptly and railroads 

 are doing good work in making shipments. 



Quartered and plain oak are both firm and prices are well maintained. 

 Firsts and seconds and No. 1 common are especially strong. There is a 

 good demand for chestnut, especially sound wormy. Poplar also Is in 

 good demand and stocks are moving better. Ash and basswood aro 

 strong and otiiir hardwoods arc unchniiK"'! 



■< INDIANAPOLIS > 



With prices steady, the supply sufficient to meet needs and the 

 demand the best that it has been thus far this year, the local hardwood 

 market Is in fair condition. Since the first of the year it has been 

 expected that the business would not be up to normal, but the improve 

 ment is a little better than was expected. 



Hardwood lumbermen in Indiana are not anticipating a big trade 

 this year, but Indications are they will have a profitable business. The 

 industrial situation generally is gradually gaining ground In all parts 

 of the state and the money situation is rapidly becoming less acute. 

 One of the encouraging features is that there seems to be plenty of 

 money available for any proposition that can lie backed by ample 



=-< MEMPHIS >= 



The hardwood market is showing perhaps a little more activity but 

 buyers are apparently in a waiting mood and very few orders are being 

 placed except those calling for filling-in stock. There is increased activity 

 in building circles and this is stimulating the demand for certain 

 kinds of hardwood lumber, notably red gum, quartered oak and other 

 material adapted to finishing purposes. The railroads, however, are 

 still out of the market and there is much activity in other lines awaiting 

 the outcome of the rate hearing before the Interstate Commerce Com- 

 mission. The belief obtains here that there will be a decided increase 

 in activity in practically all lines as soon as relief is furnished the 

 railroads and they resume their plans for enlarging and increasing their 

 facilities in every direction. Furniture interests are not in the market 

 on a large scale and business is but moderate at best. Prices are 

 generally well maintained because stocks are not particularly large and 

 because lumbermen realize that they cannot replace their present holdings 

 without loss if they sacrifice them now. There has been Improvement 

 recently in the demand from Europe and the outlook in that country is 

 regarded as somewhat improved. A big sale of high-grade Cottonwood, 

 more than 500,000 feet, has been made here during the past few days 

 and a shipment of over 500,000 feet of red gum has been mad« to a 

 firm in Alexandria, Egypt. These are the two big transactions put 

 through in this center and section recently. There is an active demand 

 for the lower grades of cottonwood and gum, and sap gum is still a 

 ready seller. A slight improvement is noted in the demand for both 

 plain and quartered oak. Ash continues to move readily in all grades. 

 Cypress is slow with the exception of shops for which there is a 

 reasonably good call. Manufacturing operations continue on a pretty 

 liberal scale but prospects are none too bright in this respect, owing to 

 the limited amount of timber in sight. Most members of the trade are 

 now of the opinion that it will be well along toward fall before a 

 broadly active business may be expected. 



=■< NASHVILLE >= 



While some improvement is reported in the hardwood trade, there is 

 no opening up of spring business such as the dealers hoped for. Building 

 Is only of moderate volume, and general trade is not increasing rapidly. 

 However, dealers continue optimistic, and are confident of the future of 

 the market. There is a good volume of small orders, which sum up well 

 in the total. Plain and quartered oak continues most in demand. Good 



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