HARDWOOD RECORD 



WANTED 



All Kinds of High-Grade 



HARDWOODS 



S. E. SLAYMAKER & CO. 



Fifth Arcnu. Buiiainx, 

 NEW YORK 



Mutual Fire Insurance 



Rett Indemnity at Lowest Net Co>t 

 Can Be ObUined From 



The Lumber Mutual Fire Insurance Company. 



The Lumbermen's Mutual Insurance Company, 

 The Pennsylvania Lumbermen's Mutual Fire Ir 



Mansfield, Ohio 



$141,000.00 



In Savings DIVIDENDS Returned 

 This Year to Policy Carriers of 



The Lumbermen's 

 Underwriting Alliance 



Possibly there is no good reason why 

 YOU were not among these beneficiaries. 

 If it is a matter of eligibility, and you 

 feel that your plant does not at present 

 comply with all requirements, confer 

 with us anyway. Let us see if it cannot 

 be brought up to an acceptable standard 

 at no greater cost than will be justified 

 by the prospective saving on insurance 

 rates. 



U. S. Epperson & Company 



Attorney and Manager 

 1101 R. A. LONG BLDG. KANSAS CITY 



fiilrly KU'xl orders, nii iiinnu(aciurprs In tliU line arc confldrnt that tbrjr 

 Hill oxprrlrncv ■ biK fall traili>, Ih-cbukc of lln' tiiimiMT crop* whicb an- 

 i"-liii: hnrvi'Hii'd nil ov.-r the NurOiwrst. 



Till' tiilnl liulldhiR Invfsttni'nt iniidi' In Mllwaiik<-<- durliiK llx- monlli 

 ■ '( .hily di'iTi'awd, n« r<ini|iHri-d wHh ilic currcHpundlnu inoatli n year aito 

 :iI|IiuiikIi lllori' wi'rr imirr piTiiiIlK liwupd. W. 1). Ilnrpcr, bulldinc 

 liiH|H'rtor. KnyH ilmi iIiIh Ik lii'rKiiHv tliiTi' was no miiDtclpnl biilldlni: 

 sliirU'd diirliiK (li<- past inontb, »iill<> In .Inly, llll.'l, a iiprmll was iHsurd 

 rm- tile iTwtlon (if Iho InrKi- ItlviTHldf biKh school. Uurlnit tlio montti 

 ihiTc were 4:i7 pi-rnillH iHXncd for liulldlni;* to coxl »887,KH1», aH aKalnX 

 :ITT pi'rmllH ami nn Invi'Hinii'nl <if fl.T.IT.Ofl* diirlnu Ihp rorrpspundloi; 

 month a year aKu. . 



Kirch iind niaiili- wi-m in lie iIh- Icaillni: io'IUtk ninunit uorthorn hard 

 wuiidH. -News from Ilic nilllH U «( such n nnlnr<- Ihnt It would iwem 

 iluK thf hnrdwodil nwirki-t will hold firm and thai no dccrcani' In pricp* 



h<> 



riPd. 



=■< LOUISVILLE >= 



l.i'iivInK llie tvjir Hituiiti'iu oiii ••< lonslclirallon. liUKlncHS Ih In tictti-r 

 iiuHitlon now than It »a8 a rorlnlt.-lit ap' The decision In the rail 

 rimd rate chkp i8 conatrupd ag snlluivntly favorable to tlip carriers to 

 Justify general buyhii; on their part, at least by the Importaul lines In 

 reiitral territory ; In fact, purchases by thcae roads hayc already been 

 more liberal, especially ns to const-uctlon material, such ns lli's. The 

 lurnlture factories are resumln); operations on n normal liasls, and will 

 be buying a big lot of material from now on. Karu, products are bclnK 

 marketed, and this will help to make retail sales good, thus having n 

 stimulating effect on the factory trade. Whether nil of these things will 

 be upset by the untoward effects of thi' Knropean conflict Is n •piestion. 

 Undoubtedly, the reduction of the markiis for .\miTlcan hardwoods t'l 

 the extent of the loss of foreign business will have a potentially weaken 

 ing effect on domestic trade; but It is hardly to be supposed that exporters 

 will immediutely dump their lumlier on the market lo sell for whot It 

 will bring. It is more logical to assume Ihut produclion will be curtailed 

 by the manufacturers to a point where the output will coincide with the 

 demands of American users of lumber, and in that event the market 

 should remain stable and the natural Improvement, which seems to In- 

 In siKlit should make Itself felt in tb.- .bman.l and In prie.s 



^•< DETROIT y- 



Detroit hardwood dealers, both large and small, have been In the throes 

 of poor business for nearly three months. There has been a fairly steady 

 run of small warehouse trade but a record of the volume of business Is not 

 encouraging. Hough construction lumber trade is about normal, although 

 heavy shipments of southern yellow pine to Detroit have coused a slacken- 

 ing of the demand for northern lumber. 



While business has been very slow there is now every indication of 

 improvement. There are many big Jobs under course of construction but 

 they have not yet reached the stage where liardwood can be used. The 

 construction of dwellings has provided about the only local business of the 

 summer. Dealers arc bow optimistically awaiting the results of the furni- 

 ture expositions. Detroit dealers expect to realize a considerable trade as 

 ;i direct result of the success of the Grand Rapids exposition. I?oth furni- 

 ture manufacturers and automobile body makers have allowed their hard- 

 wood stocks to decline until now they arc almost at the point where they 

 win be obliged to buy or stop manufacturing. 



Several Detroit dealers report out-of-state business hooked lint sa.v that 

 they are being held up on orders to start shipments. 



=-< LIVERPOOL >= 



The market conditions here can only i..- deseilbed as very had, tii 

 fact conditions have never been ijulte so bad as at present. The 

 foreign complications and domestic troubles both tend to make things 

 worse. Prices are very poor and consignment shipments coming forward 

 are either sacrlUced or yarded. There must l)o 2,000 hickory logs and an 

 oiiual quantity of ash l.ving In store here to shippers' orders. It can 

 readily be seen that shipments under such circumstances will be very 

 unprofitable, 'llie mahogany position is in very much the same con- 

 dition. Ther-:; is an immense stock of cheap wood on hand and prlce.-s 

 ruling are very low. A great portion of this is very poor and ver.i 

 inferior. I'rime panel and board logs are really scarce and are bring 

 ing fair flgures, but even here the general slump is telling its tale. 

 Shipments of lumber have been pouring forward mainly on consign 

 ment, and poor prices only have been received. .MePchants here seem 

 afraid to make offers, however low, but shippers should accept same. 

 The only good spot on the market is birch and here shipments have 

 sold well at high prices. Wagon oak follows the general run, the roiling 

 stock works being very quiet while oak lumber receives poor support. 

 Ash lumber has sold very hadly. One or two shipments of prime lumber 

 have come to hand which have changed hands at pence below their real 

 value. Shipments of No. 1 common also went cheap, much cheaper than 

 oan possibly be profitable. The stock of quartered white oak has been 

 much reduced by some good sales and shipments of 2" prime white oak 

 should come to a good market. There is not much life about trade and 

 there is much more disposition to go an ay for a holiday and forget busi- 

 ness worries. 



