HARDWOOD RECORD 



Over 



One Million Dollars 



Manufacturing 

 Lumbermen's Underwriters 



aii.i ■!:■:' :i::..iii,s t^i tlif cn-ilit of iiK-mlicrs over 



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^ou 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. 



Attorney in Fact 



KANSAS CITY, MO. 



W A NT E D 



All Kinds of High-Grade 



HARDWOODS 



S. E. SLAYMAKER & CO. 



Repre«eDtlnc 



WTEST VIRGINIA gPRI CE I.rMBER CO., 



lii«a. n>at VlrrlnlK. 



nrtli Avenue Building 

 NEW YORK 



The Tegge Lumber Co. 



High Grade 



Northern and Southern 



Hardwoods and Mahogany 



Specialties 



OAK, MAPLE, CYPRESS, POPLAR 

 Milwaukee, Wisconsin 



('X|N'ct la Mv much Improvrmrot durlDR Uic coming fall 

 rondlilao of llir market bni not, howetrr, oprrilnl lo caux- tbr ma 

 fa-'itirvrii lo ciirlall lo any vt-ry roDililiTalilv cxlnil. Tlio mom of 

 11] inn nru tu o|M'rnlton and othrri arc bring Inmnll'-il. The belief 

 K' iivrnl ihat Ibo pn-xnl (lulln<-Ks U onljr iiuipornry and 

 will jilik up lo n iiinrlii'il ib-Kn-i' vlih tin' pauliig uf tb< 



till' viicnilun p< 



..f 



=■< LOUISVILLE y 



Hardwood cnnccrnn an- approarbliig lln- clow uf tlie nr«t balf of 

 lliM nltb the rcalltatloo that hIiIIi' iIiIh ban Ix'cn far fmm a big 

 .M'lir, It haH not bt-en altogi-tbi-r uiii>atli<riirtor>. In fact, the belief 

 pn'vallH Ibal while buslni'Kn nt large ban been rather depreaaed, bard 

 w.iod trade has remalued clone to If not altogether up to normal. The 

 roiiiparlHon between th.- flgureii for the Mmt alx ninntba of thli year 

 mid the- corrcapondlng part of laat are altogether In favor of the latter, 

 but It Ih remembered that the fore part of lUl.'l waa much more 

 tallHfjictory tbon the laKt half, and It la hoped Ihat thin will be 

 n-versi-d thiK year, and that the Inut hIi iiiouthii will make a big 



Ihjprovr nt over the llrsi part of 11)14. There U every reaHon to 



i.ll.i. that thin win be the caw. Illg crops, abaence of advent.- 

 I' t:l>l;LlUiii, Nettlomcnt of the Mexican ultuatlon and the reNloratlon of 

 < oiiildrnce are some of the factors which It la hoped will materlallte 

 and If this turns out n.s expected, trade Hhould show a marked revival. 

 One of the most satisfactory features of the situation la that prices 

 Kenerally have held up. Plain oak and poplar have declined Homewhat, 

 but nt that prices are not so very far olT what they were a year aiio. iin 

 other linos quotations arc well up tu nurnial, indlratlng tliat trade 

 as a whole Is lo excelli'nt condition. 



=-< ST. LOUIS >-. 



The local hardwood trade, while quiet, is KbowinK a little niun' buy- 

 ing than a week or two ago. Inquiries are coming lo more fre<|uently. 

 indicating that there Is an Inclination lo buy and that It will develop 

 later on. The yards and consumers have allowed their stocks to run 

 much lower than they generally do, and no must soon come Into the 

 market to replenish their stocks. The wood moving best Is plain white 

 oak. Quartered red oak Is Improving In diniand. Ked gum Is In fair 

 inovemcnt. especially the better grades. Poplar and asb are In season- 

 alile demand. Prices show a slight tendency to Improve. There Is little 

 to say about the cypress situation. Orders are coming In fairly well, 

 about what could be expected at this season of the year. The prospecta, 

 however, are excellent and a good fall business is looked for. 



=-< MILWAUKEE >-= 



The hardwood business Is not Iniproviu); so rapidly at 

 might wish for. Building operations in .Milwaukee have b.en falling 

 olT of late, although the building launched earlier In the season Is now 

 at the point where hardwood Unlshlng and maple flooring Is In good 

 liemand. The most discouraging feature of the present situation Is 

 tlie fact that the larger consumers of hardwood are buying only enough 

 slocks to meet their present requirements, preferring to wait until more 

 new stocks are arriving, evidently In the hope that prices will go 

 I'lwer. Prices have been well maintained, despite the fact that demand 

 Is not so brisk as it might be. 



TIUTe seems to be considerable activity In box manufacturing circles, 

 not only In Milwaukee, but about the state, and this has created a 

 fair demand for basswood and low-grade slocks of hardwood. A box 

 tnanufaeturing concern at Marinette, Wis., reports that Its plant baa 

 been operating at nearly full capacity for snnie time and that orders 

 'if a rush nature arc being received. Indicating that manufacturers and 

 • onsumcrs In most lines are carrying small stocks. 



Milwaukee wholesale lumbermen seem to feel that during the latter 

 part of .Tuly or the early part of .\ugust. business wlU begin to take 

 Mil new life. Manufacturing concerns are ail holding light stocks and 

 it would seem that if general business shows any improvement and If 

 i.iiiiding operations show more activity, a much better demand for 

 ii:irdwood In all lines ought to develop. 



One of the most hopeful signs for a good future business is the 

 \iellent crop outook all over the Northwest. The second WisconalD 

 r.ip report of the present season. Just Issued liy James C. MacKenzle, 

 -iri'tary of the state l)oard of agriculture, is decidedly favorable and 

 -Ives promise of a liumper crop In Wisconsin. .\. E. .Manchester, super- 

 intendent of the West Milwaukee shops, where a larger percentage of 

 the cars and other equipment of the Chicago, Milwaukee & St Paul 

 riillroad arc manufactured, says that all the Idle cars of the St. Fanl, 

 :i- well as of other roads, will be needed to move the grain crops. 



Kulldlng operations In Milwaukee suffered quite a slump during the 

 l.-ist week. Only 116 permits were Issued for structures to cost $181.09B, 

 MS compared with 122 permits and an Investment of $.'il2.6.'>9 during 

 the corresponding week a year ago. Builders, contractors and archl- 

 t.its believe that much Important building will be held over until 

 f:ill and that the year's building operations «ill at least e<|ual those of 

 1 year ogn. Considerable bnllding Is going on In the country districts. 



Hir<b and maple of the northern hardwoods seem to be meeting with 

 fill* leading demand. Plain red oak Is the best seller In southern woods. 



