HARDWOOD RECORD 



more restored, the hardwood holdings would not l)e excessive. There is 

 not the slightest reason tor apprehension that sellers will be unable to 

 supply wants without delay. ■ This feeling o£ assurance about deliver.v 

 naturally encourages a waiting policy and makes buyers feel indifferent 

 about the offerings of the sellers. 



The trade has waited for the decision in the rate case. The railroads 

 liave been holding down on their calls for slocks until this question 

 is disposed of. The furniture factories are buying in limited iiuantities 

 onlj', trade with them liaving been very quiet. In some other directions 

 the wants are fair and there is little to complain of. It is the ,ili-. mi' 

 from the market of various large consumers that gives rise to :m i-p.'. t 

 of uneventfulness, and this state of affairs will not undergo a real ib.in^^' 

 until tlie ral'' in-iiil m I,:)- i"' n -ii Ir.l. 



Gum ami lu i iti.ii_ i1m woods in fairly good ' request, thi' 



I'ormer csiiic ijii i. i .ii_ d.^i.. .'f attention that is out of tlio ordi- 

 nary, lioth ill III. .luiiitaiiL luiiil.Ll. 1111(1 abroad. As for oak, chestnut and 

 some of the other woods, the feeling of uncertainty tends to unsettle 

 prices. Sellers, to a very considerable extent, do not insist strongly upon 

 fixed price lists, permitting themselves to be governed by conditions in 

 individual cases. The foreign demand for oak and other woods shows 

 little improvement. If the distribution still falls lielow that for the 

 corresponding period of last year it is also to be said that the inquiry 

 has shown indications of expansion. The lowest point in the trade 

 barometer apiarently has been touclied, and business is on the upwarl 

 trend. No one expects a boom, but a gradual expansion is looked for, 

 and with it will come a stiffening in the quotations and an abatement in 

 the exactions of tlie foreign bu.vcrs. 



=-< COLUMBUS >■- 



Some improvement in the haidwood trade in Columbus and central 

 Ohio has been reported since the completion of the mid-summer inven- 

 tories on Ihe part of retailers. These inventories disclosed the tact that 

 retailers' stocks are rather light. As a result better buying was started 

 by dealers in order to get their depleted stocks In shape for the demand 

 that is sure to come from building projects. 



On the whole the hardwood trade is in good condition when the busi- 

 ness depression is taken into consideration. Demand for building is 

 good not only in Columbus but in the smaller cities and towns in the 

 central part of the Buckeye state. Tbis is the salvation of the hardwood 

 trade, as factory demand is slow. Some factories, such as Implement 

 «nd vehicle concerns, are buying some. It is expected there will be some 

 <iemand from furniture factories when the shows are over. 



Prices are generally well maintained at the levels which have pre- 

 vailed for some time. Some shading is reported in certain items in 

 order to force trade. On the whole prices are steadier than they were 

 a fortuisht ago. Dry stocks are not very plentiful either in the hands 

 of dealers or in mill owners' hands. Collections are improving with the 

 linancial situation. Shipments are coming out promptly. 



Quartered oak is firm and in fair demand. Stocks are not large. There 

 is a fair demand for poplar and prices are well maintained. Chestnut is 

 one of the strong points of the market. Sound wormy is especially strong. 

 Ash is in good demand and the same i.s true of basswood. Other hard- 

 woods are unchanged. 



=-< CINCINNATI >- 



The hardwood situation continues to show improvement, although it is 

 very slight. As much small order buying was probably done so far this 

 month as during same month last year and with liusiness increasing ever 

 so lightly. August should figure up well in the aggregate. There are 

 occasional reports of price cutting, but fortunately they are few and prob- 

 ably from the weaker operators who find it necessary to turn some stock 

 into casli. The general price list is well maintained as the average 

 lumberman who can hold his stock knows price cutting does not stimulate 

 inisiness. Furniture factories in tbis section are figuring to increase their 

 running time about September 1 and are steady buyers of hardwoods in 

 small quantities. Very few large or small lumljer consuming plants have 

 any stock on hand, preferring to buy as needed so long as prompt ship- 

 ments are possible. 



Oak is the leader in demand, plain moving fastest but quartered gaining 

 satisfactorily. The better grades of red and sap gum are in better re- 

 quest than for many weeks and dealers think there will be a good 

 demand for tliis class of stock in the early fall. The low grades of gum 

 are moving well, as is also true of the .same stock in poplar, cottonwood, 

 liasswood, and other lumber suitable for the box makers. Chestnut is rather 

 slow In movement ; this applies to all grades. Maple is moving fairly well ; 

 the furniture trade is expected to take up large quantities of this stock. 

 There seems to be a better demand for the common and better grades of 

 poplar. Dealers feel that this wood is soon to come back in favor and are 

 much encouraged over the prospects during the light demand of the last 

 several months. Prices on poplar have been well maintained. 



=^ TOLEDO y 



It Is expected that within a few weeks business will pick up; in fact, 

 there Is already some stimulation noticed from the building trades. Hun- 

 dreds of new homes have been constructed this year and the same thing 

 was true last year in the west end, where matters are stimulated owing 



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