HARDWOOD K i: C O R D 



rUlt lliriii tn'fon* Icavlnir Mrmplilii 

 I u« that lhciH> mow* will pruvr li 



I'llllOllli:. nlul till I 

 iM-llovc timt yoii » 

 1 viTjr I'lTi-ctlvo mlv 



I ii.- iH-nuir nnd dcnlriilillli.v of r<'<l k'lini In rfdillly rrroitnliiMl. nnd Junt 

 .i« •oon •■ tht- llmlilK.r In tin- iiilniU of tlw rnn«uini>rii cniinTiiInu llip 

 iiKiillon iif ru-iiiumlDi: In owrronii' iIhti- will Im- iiotlilni: left In thi' wny 

 • ■t Hn wIiIp iitlllinllon. Much |ir<>i:r<-iii4 liim bn-n niii<l<> In Hip niPtlKMlK nf 

 iiinniifarlurini: and mrlni; for mini limilxT, and therp nrc numiToiiR ron- 

 -.iinipr* (rainy who nrp kiln dryini: Kiini Inmlipr MitUfni-lorlly. Nntiirc lina 

 l.r..vlil.-<l lit with a (niintiriil supply of ml iiuni tlmlipr. The obatnrlPH In 

 -' i-^ iiitu- Kum lunilHT an- not Iniiurnioiintnlilp, nn hno boon prnvpn. Who 

 i-u >> ~ lilt that thp dimcultlPH •■nroiintrn-d In tho <>nrly dnyii of ncaiiontnt; 

 iTiiUiT wcrp a prorUlon of nntiirp for roOKpn-InK « itrpat natural 

 r — Mr.. ■ onp of thp fonlurpK of lhl» mppting will bo a rpport from 

 IC. M Carrlor. rhnlrman of tho romniKtoo on tPchnlcnl rpiicnrch, which 

 will di-al wllh tlip rartouii phaspti of thcHo qiiPullonK. Wp arp nurp tblM r>>- 

 porl will provp InHtrurtlvr and iK-npHclal to nil. 



Tho niuinclntlon Htnrtrtl with thlrty-thrco chartor mombora, alEbPd up. 

 Onp rliartpr oipmlH-r rpiilKniHl In I>pi-pmbiT, Iravlni; thlrt)'-two. Slncp that 

 llnip thprp bavp Imh'H fourfppn nddltlonn to thp mpniborshlp lUt. Onp flriu 

 has dlnrontlniipd bUKlnpoii. nnd wp hnrp nvp rpi|ucHl8 for withdrawal. 

 Thn-p of thi-dP an- chiirtor mi'iiilicrs. Thpre nro thrpo mpmbprii whosp 

 nsn..!<iiniint» hnvp not ypt U-on llipd. 



In our k'radlni; mips tho crndpH for the lieartwood of Uip rod Buni 

 tn-.. arc ib'HlKunt 'd as "rpd fniin." and tho (crndi'ii covprlng tho snpwood 

 of tho roil eum tn-p nro doslinintpil as "»np Rum." The Rrndos of rod Kum 

 admit u rortaln amount of sap ns .tpeclllod, while In tho erndos of sap Kum 

 tboro l8 no limit to tho amount of boartwood which tho hoard may con- 

 tain up to tho ijoint of oomlnK under tho spoclHcatlonH required of tho 

 red Bum srados. ThU to n certain eitent cnunes some confusion concern- 

 ing the crndos of itnp gum, ns the boards may contnin both lieartwood nnd 

 sapwood. Id our work. It has developed that it will be doslrnlilo to rocom- 

 mend chnnKinK the name of "sap cum" to "unselected Rum." We are 

 mentioning this point so It may bo brought up for consideration nt this 

 meetlnR. 



One of tho splendid features of this organization has been the mnnnor 

 In which the president and nil mombors of the board hnvp been bound by 

 thp orBnnlzntloD and have .seen that every tioanelnl obligation has been 

 met promptly. Their loyalty to the association nnd to the cause of gum 

 should uppoal to every pum lumber munufacturer nnd l)c the mcnns of 

 pnllstlng the support of all In the good work which this association Is 

 doing. General business conditions have been very discouraging, but 

 these men have realized that oven In the face of such conditions there 

 should be no abatement of zeal In our plans for exploiting gum. They 

 havo fnlth In gum and In our nblllty to overcome every obstacle In the wny 

 of its wide utilization. They realize, however, that tho biggest results 

 from our efforts may not be expected undiT two or three yoors. but It Is a 

 matter of common comment that tho work of this association for bettering 

 ttic conditions surrounding the gum lumber industry In the brief time 

 the association has been at work far exceeds all expectations. 



I want to take this opportunity to tbnnk President Harrison and every 

 member of the board nnd every member of the assoclntlon for their loynltv 

 to me as secretary. The spirit In which they have bncked up the secretary 

 is beautiful and when matters discouraging have come up tbey hnve hnndled 

 them in such a convincing manner thnt 1 wish everj- gum lumber mnnufac- 

 turer could be made to know the spirit In which they are lighting for the 

 cause of gum. Such enthusiasm Is contagious, and when It is made clear 

 to the hosts of gum lumber manufacturers who are not now members of 

 this association that we mean business nnd conducting the matters of this 

 association with absolute fairness and impartiality to nil, they will readily 

 approve and aid the association with both their financial nnd moral sup- 

 port. 



I nlso wish to tbnnk. i specially, the trade press for the mnny courtesies 

 they have shown our association. 



Seport on Gum Stocks Favorable 



The following .special report on g\ini stocks was read by Mr. Pritch- 

 ard, which was fairly astonishing in its conclusions. It pointed out 

 a condition that gave a distinctly new hope to gum manufacturers, 

 and in fact struck a note of decided optimism as to the future devel- 

 opment in gum. 



1,::1'' 



RFf-AI-ITII 



f l;r ; n.I 



red 



■iaO,0.">0 ft. No. 2 common plain red 



lo.ioo.o-a ft. 



re<l ( 



7.ss.i.r>.i!i ft. 1st and 2nd sap 

 2,0."{,i.a4» ft. reported all grades 

 o.sy'.ac." ft. Xo. 1 coibmon sap 

 i5..'i72.840 ft. No. 2 common sap 

 l,010.a93 ft. No. a common sap 

 331,600 ft. sap gum strips. 



[,633,208 ft. total sap gum 



■•.■.,^IMI.11I2 ft. total r>'<l nnd >.np 

 In coininenting upon the report I'reaident llarrinon cnlled atten 

 tion to the Hignificance nnd extreme importniice of developing the 

 demand fur gum on the part of the sniull coiiHunier. He snid thnt 

 tliis constitutes first'claitH advertising, innHiniich as tho wiling of ii 

 small quantity to any individual for a liiiiiteil use means a concrete 

 ndvertiseinent for gum which will react to the lieneflt of gum con- 

 sumption in the locality in which that individual may he located. 



.1. W, McClure cnlled attention to tlie fact tliat flgures indioatn 

 slock on hand unsold of less than 2,(IOO,Of)() feet apiece nniong the 

 niemlierNhip. He saiil this reflects a cutting ilown of proiluctiun 

 among manufacturers, due to the inability to secure n siiilicient num- 

 ber of logs. 



Mr. Mcl'lure toM of having talked with a buyer of lumber who 

 was visiting southern points, who having made a round of the south 

 em mills said there was less gum on sticks than any other hardwood. 

 He said that when business liegins to improve gum will unquestionably 

 feel such improvement first. 



Secretary Pritchard then read the names of tlie twenty-three con- 

 cerns reporting, which showed that the.se people were among the big- 

 gest gum producers in the country and represented about seventy 

 jier cent of the membership of the association. Inaj<much as the 

 association has about one-third of the entire gum production, the 

 significance of the figures is apparent. 



R. M. Carrier called attention to the fact that according to tho 

 figures submitted there is less gum on han-1 unsold now than at the 

 meeting six months ago. 



Mr. Harrison said that it is logical to suppose the small manufac- 

 turers would now have less stock in comparison with the larger manu- 

 facturers, as they would not be in so good a position to hold stocks 

 pending a more favorable market. He said that gum is in most 

 excellent condition as compared with other hardwoods. 



S. B. Anderson of Memphis in commenting on the figures said 

 that the proportion of red gum is high as compared to the supply 

 of saji gum which is comparatively low and a strong item. He said 

 the demand is always strong for sap gum and that No. a gum is 

 now the best property in the hands of southern operators. He ex- 

 pressed himself as being very much satisfied with the gum situation, 

 and that with close following up of the advertising campaign, the 

 amount of red gum lumber now on sticks will be materially cut down. 

 Mr. Anderson struck a popular note when he counseled conserva- 

 tism in production and logging in the next six months, stating that 

 in his opinion this policy would result in the maintenance of normal 

 conditions. 



Presi<lent Harrison stated that in his opinion the question of con- 

 servatism in production and logging is vital. 



L. P. DuBose, sales manager of the Lamb-Fish Lumber Company, 

 Charleston, Miss., said that his concern has been cutting a good deal 

 of gum lumber because it had the logs on the yard and was forced 

 to cut them in oriler to preserve them. He said that seventy per 

 cent of its cut during the last month has been gum, but that even 

 at that the stock has been reduced as the company is moving a con- 

 siderable quantity at export. 



S. M. Niekey of Memphis in commenting on the condition of stocks 

 said of gum stocks that, they are now in excellent shape, and also 

 that at this time last year the Valley Log Loading Company main- 

 tained five loaders, whereas now it is operating but two. He ex- 

 pressed himself as believing that it wiU not be long before a uni- 

 formly better price level will prevail for gum lumber. 



S. M. Niekey, treasurer, then read his report, which showed re- 

 ceipts of $1.3,27.3.7.5 and expenditures of $12,3.39.92, leaving a balance 

 on hand of .$933.83. 



The convention then adjourned for luncheon. 



