HARDWOOD RECORD 



iDaiiivity abroad, which left so much more lumber available for distribu- 

 tion in the domestic marliet and served to hold down prices at home 

 not less than on the otber side.ot the Atlantic. Part of the quiet in the 

 foreign marl»ets, at least in (iermany, during the greater part of the pasr 

 year, was attributed to the sending of large sums of money by Germany 

 to Turkey for lier war against the Balkan peoples, a venture tha* 

 proved highly disastrous. With the resources' of the Germans Ijy no 

 means up to satisfactory conditions and as a result of that experience 

 and with a new war in progress, exports must necessarily stop for the 

 present. Even if lumber could be shipped, the receivers would be unabli- 

 to make payment therefor, which would automatically cause a suspension. 

 The hardwood busin.ss, therefore, is thrown entirely upon the domestic 

 trade, and this will al<o be more or less atfected by so momentous .-i 

 disturbance. On the other hand, it is beyond the bounds of the wildest 

 imagination that such a struggle as that going on can last long. Apart 

 from being the greatest war in history, it ought also to be one of the 

 shortest, so that there is liope for an early termination of hostilities, 

 to be followed by conditions of security and peace more encouraging than 

 those that have pievailed. Meanwhile the hardwood men are facing a 

 condition of perhaps greater quiet than has prevailed, with buyers likely 

 to be more conservative even than they were before, and with the re 

 sources of the mills severely taxed. Later on there is every prospect that 

 ihe deficiency will be made up l>y a corresponding gain In activity, but 

 for the present the trade will move along rather narrow lines. With 

 the United States one of tlie big producers of food stuffs and other raw 

 materials, including lumber, whose activities have remained unimpaired, 

 it is inevitable that this country will be called on later for enormous 



supplies. The requirements of the fiuiii 

 of hardwoods here hav.- not ili.nvn arn 

 to be borne in mind that tliis i- ' > "■ 

 when little business Is d.)n, .ah . imI. . 



ings of oak, ash and all utb.r « i in 



the mills have continued operations wit 

 additions to the stocks are to be noted. 



iiri^ fa.lcirios and other buyers 

 ::i(ri iiiii itrj I iir week, but it is 

 III |i. i I I III ricid of the year. 

 I ' 'inns. The offer- 



I II 1 .1 1 III 111' quite free, and 

 nut inlerruption, so that some 

 The general situation has not 



tended to a stiffening in the quotations, which are more or less un 

 settled. The special circumstances attending every individual cas 

 govern transactions to a greater extent perhaps than heretofore, an 

 the tendency is rather toward a contraction of the movement. 



=-< COLUMBUS >.= 



Despite the general business depression the hardwood market in 

 Columbus and central Ohio has been fairly active during the past fort- 

 night. Demand on the part of dealers is the best feature, although 

 some buying is being done by furniture and implement factories. On 

 the whole the tone of the market is satisfactory and the outlook for 

 the future is fairly good. 



The price list has been somewhat unsteady. Owners of stocks have 

 been in the habit of shading quotations in order to force trade. This 

 has not reached a point where it has demoralized the market, and In 

 fact there is not as much irregularity now as was the case several 

 weeks ago. 



Dealers' stocks are light and they are still following the policy of 

 buying only for present needs. Dry stocks in the hands of manu- 

 facturers are increasing since the weather is more favorable for drying. 

 Shipments are coming out promptly and the larger percentage of the 

 buying is being done for immediate delivery. .Jobbers and manufacturers 

 say the records for July of this year show up better than the correspond- 

 ing month last year. Collections are not at all good. 



Quartered oak is firm and the volume of business is gradually increas- 

 ing. Plain oak is in good demand and prices at the Ohio river are the 

 same as two weeks ago. Poplar is a strong point in the trade and 

 the movement is well distributed among all the grades. Wide sizes 

 are rather weak. Chestnut is in good demand, sound wormy especially 

 being strong. Ash is in good demand and tlie same is true of bass- 

 wood. Other hardwoods are unchanged. 



— ■ < INDIANAPOLIS > 



The hardwood trade in this vicinity Is moving along slowly. Bu.siness 

 is still below normal, but is better than it was a few weeks ago. Prices 

 are comparatively steady and there seems to be little or no disposition 

 on the part of manufacturers and wholesalers to cut prices in order to 

 force business. It is generally believed that it will be some time before 

 normal conditions maintain in che trade, although the impfovement is 

 a little more rapid than was expected. Furniture manufacturers are 

 stimulating business a little by placing orders, although this business 

 is being placed along conservative lines. 



Industrial conditions generally throughout the state are still improv- 

 ing. There is a little uneasiness now because of the condition of the 

 corn crop, which is sulTering from drouth In most parts of the state. 



=■< TOLEDO y 



The European war iias affected the local market as everybody seems 

 paralyzed and fearful of the business outcome. This was in the very 

 first days and everybody had a pessimistic outlook, with no hope. Now. 

 however, that they have had an opportunity to readjust themselves it doe.= 

 not look nearly so dark, and most of the dealers are able to find some 



Paepcke Leicht Lumber Co. 



Conway Building 111 W. Washington Street 



CHICAGO 



RED GUM 



AMERICA'S FINEST CABINET WOOD 



Consider its good qualities. 

 It has strength. 



Can be brought to a very smooth sur- 

 face and consequently will take 

 high polish in finishing. 



Will not split easily. 



Runs strong to wide widths and long 

 lengths. 



Is not easily marred or dented. 



It can be supplied flat and straight — 

 free of warp and twist. 



Has beauty, color, life and character. 



Considering its numerous good quali- 

 ties, it is the lowest priced good 

 hardwood on the market today. 



We are the largest producers of Gum 



in the world. 

 Have a large and well assorted stock 



on hand at all times. 

 Can manufacture special thicknesses 



on short notice. 



We guarantee 



QUICK SHIPMENTS 

 GOOD GRADES 

 DRY STOCK 

 GOOD WIDTHS 

 GOOD LENGTHS 

 SATISFACTION 



Band mills at 



HELENA, ARK. BLYTHEVILLE, ARK. 



GREENVILLE, MISS. 



Paepcke Leicht Lumber Co. 



Conway Building 111 W. Washington St. 



CHICAGO 



