HARDWOOD RECORD 



65 



whole are well controlled, and standard dry stuff holds firm. Oak of 

 all kinds has shaded off a little ; hard maple and ash hold strong : the 

 rest of the woods remain about as a fortnight ago. 



.< BOSTON y- 



business in hardwoods in this market for the last 

 two weeks has remained at its recent low level. There has been con- 

 siderable inquiry and placing of mixed and part car orders and the 

 dealers seem to be reconciled to picking up what trade of this sort can 

 be secured. Buyers appear to be rather short of stock, requiring prompt 

 shipments and paying fair market prices. ' This condition, together 

 with the fact thai a very large proportion of the offerings of mills to 

 the trade here me at good market quotations, has served to hold values 

 from any liirtber declines. Most of the hardwood yards are purchasing 

 in a limited way, and these moderate demands have resulted in a 

 steady movement of most items without adding to the local stocks. 

 Actual conditions show a number of encouraging factors. Quartered oak 

 has about held its own. No. 1 common only showing a noticeable weak- 

 ness. There is no evidence that plain oak has changed lately. There 

 Is a demand and very strong prices on first-class walnut, but the supply 

 of No. 1 common and under seems to be effecting a little decrease in 

 values. Poplar continues under average in price and markit. while 

 gum is in a still weaker condition here. 



=-< BALTIMORE >= 



The situation with respect to hardwoods is without important changes, 

 hut, in the opini.m'of some members of the trade, shows a slight im- 

 provemeut. All a^ree that prices are no higher than they were and that 

 quotations are unsettled. The railroads are out of the market and will 

 probably refrain from making purchases as long as their business is 

 unsatisfactory. The furniture factories have been holding down to a 

 considerable extent, though some improvement in this respect is being 

 noted of late. Mill men with stocks of established reputation and who 

 are in a position to meet the wants of patrons, get a fair amount of 

 business at acceptable prices. Some of the hardwood manufacturers 

 have had to make small reductions in their quotations, while others 

 failed to keep up in point of volume, notwithstanding rather liberal 

 concessions. Much has depended upon the standing of sellers in the 

 trade, adequate selections and high grade stocks determining the issue 

 in many cases. With many of the large consumers out of the market, 

 and with many others restricting their needs, it has not been easy to 

 get orders. Some of the members of the trade have managed to make 

 a fair showing in point of quantity, but it has been done at the expense 

 of a disproportionate amount of energy. 



Practically all woods on the list have been affected the same way 

 and to the same extent. One division of the business has not gone 

 ahead of another. With the single exception perhaps of gum the entire 

 list has shown a sagging, though the bottom seems to have been 

 reached, and there arc indications of recovery. The mills have been run- 

 ning full time, and while some accumulation of stocks Is to be noted, 

 the accumulation does not appear to be at all troublesome. The export 

 trade continues very quiet, with the foreign buyers not anxious to 

 place orders. The curtailing of shipments has produced no stringency 

 in any direction. With respect to the foreign business some reaction 

 may be looked for. the shrinkage in movement having gone about as 

 far as it is likely lo go. 



="< COLUMBUS >- 



Despite the business depression there is a fairly good demand for 

 hardwood stocks' in this section. Buying on the part of retailers is 

 the best feature of the trade, although some buying is being done 

 by manufacturers. Vehicle and Implement concerns are the best cus- 

 tomers at this time. Dry stocks in the hands of mill owners are not 

 very large and lower prices are believed to be out of the question. 

 On the whole the price list has been well maintained. Some shading 

 of quotations has been done, but this is to force trade where stocks 

 have accumulated. Shipments are coming out well and the tone of the 

 market is good, when business conditions are taken into consideration. 

 Collections show signs of improvement. 



One of the best features is the activity displayed in building opera- ■ 

 Uons. This is true not only in Columbus but in the smaller cities and 

 towns of central Ohio. This fact is the salvation of the lumber busi- 

 ness and makes the demand good in many sections. 



Quartered oak is in fair demand and the volume of business is 

 satisfactory. Plain oak is firm and chestnut is moving well. Poplar is 

 strong and prices rule firm. Basswood and ash are in good demand and 

 other hardwoods are unchanged. 



=-< CINCINNATI >-= 



There is just a little betterment in the hardwood situation, a number 

 of dealers claiming that they have been booking a fair business during 

 the past week. Plain oak is doing fairly well in grades as is also 

 quartered oak. Chestnut does not improve much in any grade but sound 

 wormy and No. 1 sells best in this wood. There is a very good request 

 for sap gum in all grades, and red gum in upper grades, probably the 

 lowest of the hardwoods, has shown a nice improvement during the 



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