HARDWOOD K i: C O K D 



It IK to Im> r<>gToticd thjil mnuv of llio n>al "ti|Mirtii" wrrv iiniililc 

 iittrhtl. AaiuDK Uiu*<> wlimu' nbm*iiro wiiit |uirtiriilnrly iiiitintiblc 



ro our old ,voiini; fripniU IltMir/ Srhiiriiipr, II. J. Diulloy, Kriil 

 hol-H, Will Vox, John \Vo<i.l. l-'rcd Vorkt-rki., I-. L. Hkilliimn. nii.l 



• II IKnij; HinrUir. Now don't lot it hn|i|icn tki-iiiii : wo wiiiit pvorv 



• iiic to |ilisl|{<> liiN |ir(vcnci> for tlio oiitiiiK in IDI.'i. Itii only nnc< diiy u 

 ycnr, no niiiki- ii|i your iiiindii r'mUi now Unit thin one diiy of every 

 year in to In- tlie day wlini nil tirnnd I<a|iidii lumliprmrn and Uwir 

 faiiiilii>(i will K*'t to^jftliiT and fiir(;<'l I'vorytliing oxropt K<""l'<'ltoW' 

 >lii|i and a itood timu. 





In the Memphis Territory 



''^::^ 



< iirtnilnicnt ol |irt»iu. tmn i- in.irii.-iin;. Kiiriii;; Iin' pii-I mit 



.;.'lit a nunibor of milb in M<'iii|>liiK and the MenipliiH territory 



' 'vo 'hnt down. Otliem are planning to do no. They will tnko tlli^ 



IS Hoou a» tliey have tut up their i)re»ieiit sloc'k of lo^s. The 



.1 thi» month will »«• the greater portion of the inillit iu thii* 



: i>iit of roniniiniion. It is hupfiested tliat by the first of 



■ I IiiImt there will bo no milN niiiniu(; with the exception of tho8<- 



liich hav.' ronlrnctJt for U>g^ which they are uouble to eaiicel, oi 



%liich have tinilH-r ri^ht-s which mu.st Ih> exercised within n specified 



• me, which is so short ns to nmke it absolutely necessary that they 

 • litinue. Lumbermen here believe that eurtuilnient is by far the 

 .i'e>t plan for them to pursue for the reason that it enables them 

 . conserve their resources in every way until such time as conditions 



• <>• favorable for putting himln'r on tlio market in volume. 



The export situation is without siK-cinl ehnnge. Lumber is beinj; 



• Twarded to Great Britain but to practically no other country iii 

 • ' <• war cone. No new Inisiness is Iteiii); done with Kiigland, but 



irgoes are being allowe<l to proceed, representing lumber which was 



• 1.1 before the war broke out and which was stopped at New Orleans 

 lid other ports immediately after hostilities l>egan. The situation on 



■iic high teas is regarded as distinctly more favorable. This is indi- 

 ited by the action of the railroads in raising the embargo on luni- 

 .r, grain and other freight, and by the action of the steamship 

 .•inpanies in resuming service between American and Knglish ports. 

 ICxporters have relieved the situation by completely shutting down 

 their machinery. They realize that conditions arc such that no busi- 

 noss is possible during the war and that there may be quite a lull 



• M'n after the war has been concluded. Some of the exporters, who 



• l-o sold in domestic channels, are doing their best to dispose of 

 i umber in the latter. There are some firms, however, which export 

 their entire outi)ut. So far as these are concerned, they are at a 

 practical standstill. 



There has been no logging in the Mcmpliis territory for some 

 time, and none is anticipated until the outlook becomes subst.ontially 

 brighter. One of the first steps taken by lumljermen in this section 

 was the stoppage of the cutting of timber, and all are agreed that 

 •!iis is the wisest course to pursue under the circumstances. There is 



iiough lumber on hand to take care of the current demand and also 

 ■•. supply the needs of the trade for a while after business resumes. 

 I'hus, a large stock of logs is regarded as unnecessary by Ihosc 



iigaged in the manufacture of hardwood lumber. 



John M. Pritchard, secretary of the Gum Lumber Maiiufacturers' 

 Association, is authority for the statement that the stoppage of 

 imports of African mahogany and Circas,sian walnut as a result 

 of the war situation in Europe will react favorably on red gum. 

 He says that the supply of African mahogany this year is cousid 

 ■•rably lighter than normal and that it is somewhat inferior as to 

 .|\iality. Furthermore, he sa.vs that the amount of this timber has 

 (•i-en greatly restricted since hostilities opened in Europe. Circas- 

 -ian walnut has also come forward in very limited volume. The 

 situation in Mexico during the past year has been so unsettled that 

 lomparatively little mahogany has been gotten out in that country 

 ;ind it will require some time before a suiEcieut quantity can be 

 prepared for shipment to materially affect the supply in the United 

 States. There has been a practical stoppage of exjiorts of red gum, 

 but it is felt that the loss in this direction will be more than offset 

 by the increased use of red gum growing out of the smaller imports 

 of the woods already mentioned. It is emphasized by Mr. Pritchard 

 that red gum is capable of taking a very high polish and that it can 



i.r iiiacii' tii \rr.\ i-iciTiy ic-riiii.n- iiiiv lii tin- il.-iiis in l|lll■^tll>n. .Mr. 

 I'ritcharil further Mtntt« that the domestic demand for gum lumtior 

 is as goo<l as for any other oominoilily and that the gum niiuiufuc 

 turers are in about as good position as those engaged in the pro 

 duction of any other southern hardwood. 



The most discouraging feature in the southern situation is the 

 outlook for the marketing of the present cotton crop. Cotton hu* 

 lu-en the staple croji of the South for many years and has b<>en that 

 from which a very largo proportion of the money is made. Present 

 indications are that the yield will be very .large, perhaps the second 

 largest on record, but from a price standpoint the situation is most 

 unfavorable. Cotton was selling around twelve to thirteen cent* 

 when the war broke out in Europe, but Texas, which has considerable 

 early cotton, is now offering the staple at aliout seven cent* jmt 

 )>ound. Georgia is selling around seven and seven and one half cents, 

 and the otlier states will have to fall in line. This is considerably 

 below the cost of production, and it looks now as if the people of 

 the South arc face to face with the most serious condition in many 

 years. Their purchasing power will be vastly reduced unless there is 

 a decided change in the situation, and manufacturers of buggiet, 

 wagons, automobiles, furniture and various other commodities in 

 which hardwood lumber is used will find their markets very much 

 restricted so far as the southern states are concerned. It is already 

 a question of supplying the necessities of life, and luxuries of every 

 kind will bo tabooed until the situation changes decidedly for the 

 better. The average price of middling cotton during the past season 

 was slightly more than thirteen cents per jiound, and when this is 

 compared with ruling quotations, it will be readily seen to what ex 

 tent the income of the people of the South who depend on cotton 

 will be reduced. 



The Way the Wind Blows 



Articles as small iis pebbles tioni the sljorcs of Lake Sujicrior l>egin 

 to indicate the direction of the trend of trade. These pebbles are 

 used in the United States by mills which grind cement. They conri- 

 ))ete with pebbles from Prance and Belgium. But a month of war 

 has given practically the whole pebble business to the American 

 product. 



This shows what will happen in other lines of business. War will 

 remove competition, and trade is bouml to come to American concerns. 

 U.vKDWOOD Record has insisted all the time that such is bound to be 

 the result, and the first movenients of trade under the new conditions 

 show that exactly these results are occurring. There will be plenty 

 more. The movement will set our way, and the curent will lie strong. 



A Fan's a Fan for a' That 



No doubt a lot of the matter that is printed concerning the war 

 is rigidly censored, but the censorship is all done on the other side 

 of the ocean. A member of the Buffalo lumber traile saw near the 

 boat landing at one of the Canadian resorts a big jiile of extras 

 with the usual startling headlines at the top of the front page. Bend- 

 ing over the papers was a young man with a pair of scissors, who 

 was engaged in cutting something from the very center of the big 

 lieaiUine. "British" something or other, the headline read. "Ha," 

 said the lumberman, "a big British defeat has happened and they 

 don't want the Canadians to read about it. I never thought the 

 censorship applied here." 



"What are you talking about? He's cutting out a Baseball Fans' 

 Popularity Coupon. They're in the pai>er every day and the news- 

 bovs cut them out and vote with them." 



