HARDWOOD RECORD 



OVLI 



One Million Dollars 



;■ : ■;;■::. ■! its nicnihrrs l.y llie 



Manufacturing 

 Lumbermen's Underwriters 



Eight Hundred Thousand 

 Dollars 



The membership, which is constantly increasing, 

 is now composed of over four hundred of the best 

 saw mill plants in the country. Insurance in force 

 exceeds thirty-one million and nearly three million 

 dollars has been paid in losses. If you have a first- 

 class plant adequately protected and are interested 

 in low cost fire insurance, correct policy forms, an 

 inspection service which may save you from a dis- 

 astrous fire, with the certainty of a prompt and 

 equitable adjustment in case loss does occur, and 

 wish a list of members and annual statement we will 

 be glad to hear from you. 



Rankin-Benedict Underwriting Co. 



Portland. Ore. 



Attorney in Fact 



KANSAS CITY, MO. 



I'InIn nnk In c|iili't. Chculntit la |>lrklnK up. 



WANTED 



All Kinds of High-Grade 



HARDWOODS 



S. E. SLAYMAKER & CO. 



Fiftli Arenus Building, 

 NEW YORK 



The Tegge Lumber Go. 



High Grade 



Northern and Southern 



Hardwoods and IMahogany 



Specialties 



OAK, MAPLE, CYPRESS, POPLAR 

 Milwaukee, Wisconsin 



=•< MILWAUKEE >= 



. While triidv la til- bardwoud llrld la luipruvinic rntlicr nlowlj', liiiulM-rnifM 

 tr.i tiint the outlook In good niid llint the loliil bunlneiia for the imii«. u 

 Mill Im> Hntliiroctory. Ono of the lieitt niiiiirniireii nf a ko<k1 future bunlix-^ 

 Is Inund In the llmt Wlnt'oimlii crop report nf the pr.s.nt Keiinon. Jum 

 iHKiieil liy JiiniiM C. MnrKentle, wcreliiry of the iilntc l.iKinl nf iii:rloiilliii ■ 

 The ilKnri'K preNeiited niiike It pracllriilly certiilii tluit ii Mi: criilii irop «lll 

 lie linrveKti'd Id Ihia atiile. The condition of other cropi. nud the Kenernl 

 iieiiiip' Bluiw n iiiiln ovor « year ngo. It la no unrnllliik' ulun thiit when 

 cropH are ijood In this acctlon of Ihc Northwest, gcncnil liiixIneH condltlooa 

 wll! be siiTlMfiictory. 



llullilliiK ■■periiilona In .Milwaukee are iicilve cnoUKli, but there wan a 

 sll«ht fnlllni! o(T In the total InveaMnvnt, reported lant week due to tho 

 fact that the majority of permlta lusui'd were for realdencea and Data 

 liiKtcad of for larcer bulIdlnKK. It \s expected that there will I5e grealrr 

 bullillni; activity about WlnconBln just as noon an farmers net all their 

 crops in and llnd more time to ko ahead with much delayed building. It 

 Is hoped thot this will Induce dealers to place larger orders. I'p to Ibia 

 time most retailers huvi' been Inclined to order carefully, evidently In the 

 linpe thiit lower prices may be expected. Wholesalers say that as a rule, 

 siixks lire Unlit in most .lards. 



.Milwaukee hiinlwood coDsumlne concerns are still Inclined to buy only 

 .noiiKli stock to meet ihclr preKent rei|Ulrements. Trices In some lln^a 

 seemed to be n llitle easier a week or so ago and this emouraged buyers to 

 kiep up their waiting attitude. As a rule, liowever, prices for most hard- 

 woods have been holding lirm, despite the waiting policy of many buyers. 

 Wholesalers say that they are conlldent that quotations will not go lower, 

 because stocks tn most lines arc light, while the demand from the build- 

 ing source Is bound to show more activity. Basswood Is about the only 

 winter cut lumber which Is arriving In the local market and shipments arc 

 light. Most of the basswood wblcb Is coming In is In fairly good condition, 

 liowcver. Birch Is not expected until the latter part of June or the early 

 part of Jul.v. 



The general report Is that northern hardwoods, in the dry stocks at 

 b a.st, arc held in stronj; hands. Birch Is In leading demand, although 

 there Is a brisk Inquiry for maple flooring, stocks of which are not espe- 

 (lally large. Basswood and elm are moving fairly well. Southern hard- 

 wonds are in good request, with plain oak the leader ot the present time. 



.Manufacturers, wholesalers and business men In most lines arc hopeful 

 that tlie lailroods will be granted their request for a !j-pcr cent Increase 

 ill- freight rates, as it is felt that this would be one of the important 

 111. ans of adding new life to business in general. 



-< GLASGOW >. 



For some lime past the limber trade ot Glasgow ami the west of 

 ^^cotland has been In a rather stagnant condition, few transactions of any 

 trnat Importance taking place. In no direction has the demand been active. 

 I he boom which characterized the trade of the Vnlted Kingdom generally 

 is by no means being maintained. Conditions taken all over are in a 

 depressing state, ^^hlpbullders are moderately well employed, but the 

 briskness of the past year cannot be maintained for any length of time 

 liecau.se once the present orders on hand are worked off there is nothing 

 on contract to take tlieir places. In foct, shipowners are beginning to 

 realize thot the laying up of vessels, talked of some time ago, will soon be 

 the order of the day. The competition lor freight engagements Is 

 particularly keen at present, which produces the only possible result, viz., 

 tlin lowering of rates. Under ordinary circumstances the reduction of 

 tr'-lgbts Is to be desired, but after having reached and remained at such a 

 high level for a good period it falls rather hard on shippers who have 

 contracted for their needs at the higher rates. Though still far from brisk 

 there appears to be a Uttle more call for housebuilding material, and any 

 Improvement In this Industry, It Is hardly necessary to obser\-e. would 

 prove welcome. Tacking case makers on the whole are fairly well employed 

 at present. 



Among the more Impoitont arrivals are the Hydra and Marina from 

 -New (Jrieans and Baltimore re^ectlvdy. Both carried their usual 

 assorted cargoes. In the former oak boards, plain and quartered, oak strips, 

 poplar, hazel pine, California pine, oak staves, pitch pine deck planking, 

 hickorj- and ash logs predominated, while in the latter the usual railway 

 oak scantlings, onk boards, poplar, hickory and walnut logs were tho 

 principal Items. Of the two shipments a fair quantity was sold on on 

 IX <iuay basis, but In the case of the logs a good proportion, especially of 

 hickory, was stored. The market for hickory Is at present well stocked, 

 the quantity in store being capable of supplying requirements for some time 

 to come, so that further consignments should not be made. The steamship 

 Kylemhor from Mobile brought forward a large quantity of pitch pine logs, 

 also hickory and ash, and in addition, oak boards and planks. The oak 

 throughout was of poor quality and oak boards of southern quality are in 

 poor request, nie various liners from St. .John have all lirought forward 

 parcels of spruce, birch planks and logs, and all have sold particularly well. 



A large quantity of Finnish wbltewood has come In during the past 

 month, principally on contract. Other parcels have come In and have 

 been sold ex quay for the most part. 



