HARDWOOD RECORD 



W A N T E D 



All Kinds of High-Grade 



HARDWOODS 



S. E. SLAYMAKER & CO. 



Mutual Fire Insurance 



Beit Indemnity at Lowest Net Co«l 

 Can B« ObUined From 



Boston. Maei. 



The Lumber Mutual Fire Insurance Company, 



The Lumbermen's Mutual Insurance Company, 



Mansfield. Ohio. 

 The Pennsylvania Lumbermen's Mutual Fire Insurance Company, 



Philadelphia, Pa. 

 The Indiana Lumbermen's Mutual Insurance Company. 



Indianapolis, Ind. 

 The Central Manufacturers' Mutual Insurance Company. 



Van Wert, Ohio 



$141,000.00 



In Savinsrs 



DIVIDENDS 



Returned 



This Year to Policy Carrier.*; 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 



.•too prrmlls Issiipd for ■tniclurM lo cost |02a.«81 as compared with 

 420 pirmln and an Invpslimnt of U.lO.l.Ol.T durlne (hr cnrr<-s|>oni)ln« 

 IHTlml a yrnr auo. Thr hiilldInK Insptclor says that Ur has Iwn as- 

 «uri-d thai roost uf Itie dclnyid lui'ldlnK work will lip Inki-n up this fall. 



Thr siiuriil fBctury Irmli- Is fair, hut thr rnnoumlnii Inii-rfsls are 

 "till Inrllnrd lo buy rnnu-i vatlvcly and only pDoush to miw-l their pres- 

 ent roqulrrmpDls. Wholranlprs nay that Ihry are In rrcflpt of ■■nouich 

 mnnll orili-m, but that Ihr rail for heavy shlpnirnl In any llnr Is iin- 

 uiiunlly IlKht for this season of the year. Tlie deinnnd for hardwood 

 lIoorlnK and Kenrral Interior Hnlsh Is almut normol, but no ImpruTe- 

 ment In this line la conOdenlly expected later lo the season. 



Trices socm lo he fairly well malninlned, due probably lo the rvallta- 

 Hon that stocks of norlhrrn hardwoods are llsht. In some lines where 

 stocks have shown nn ncciimulatlon, there si-ems to be a shndinc of 

 prio's In order to Hccurc the business, hut this Is not the general rule 

 by any means. 



Lumbermen In the northern Wisconsin hardwood district predict that 

 the lOKRlnK senson will open lale and close early this season, due to 

 the curlollraent of the export trade by the war end because of the iten- 

 ernl conserrnllsm which seems lo be existing. One prominent logicer 

 says tbnl If the wnr continues loEglng operations In Wisconsin this 

 season will be only about twenlydve per cent of the normal. 



--<, DETROIT >.= 



Detroit hnrdwood dealers cenerally report thot business In August 

 did not rail nIT enough to Jusllf.v a prediction of a dark future as a 

 result of the ICuropran slrugnle nnd the subsequent caution In the United 

 .Stntes Industries. Something dertnlle nnd tangible Is all Detroit deal- 

 ers arc asking for at present. The most depressing thing In the trade 

 is the feeling of uncertainty. I'p to nnd Including the prewnt there 

 bns been no curtailment In the mnnufaclorles using hardwoods. The 

 furniture factories. In both ririind Itaplds and Detroit, have shown no 

 Indication of Kuspendlng. and many In the former city are reporting 

 ninny orders Instead of few. Automobile manufacturers, particularly 

 the light car people who are the heaviest users of hardwood, hove not 

 yet curtailed. Notwithstanding the spirit of optimism and prosperity 

 there Is no denying the fact that none of the manufacturers arc buy- 

 ing liberally anil should they he forced to suspend, or curtail, their 

 outputs they will not be caught with heavy stocks of hnrdwood. 



Building permits In August showed a fair amount of new building, 

 although there was a loss of about $.100,000 as compared with AngusL 

 lOl."?. riowever. the Hrst eight months of the year show a gala of 

 ?1,000,000 as compared with the llrst eight months of 101.1. 



A recent unolhclnl census of the furniture Industry at Detroit showed 

 that there are 3.400 men employiMl nnd that annual sales total about 



=■< LIVERPOOL >-= 



The market has been almost iit a standstill during the pnst fortnight 

 The chief cau-sea have been financial, and though the moratorium proclama- 

 tion with reference to bills of exchange has helped to bring relief, the 

 position Is still very weak. Tlie unfortunate port of this war. aa far 

 as the timber trade Is concerned. Is that It came when everyone was ao 

 heavily stocked. Buyers up country In almost every Instance arc with- 

 holding payments nnd with engniements coming due Importers are In a 

 very delicate position. Things will probably straighten out In a short time 

 though shipments on conalgnraents arc not advised. Brokers here are 

 making It clear that they will not accept shipments against documents 

 unless accompanied by a wnr risk Insurance certincate. The British 

 government guarantee on this point has helped to ease matters and It la 

 stated that three guineas per cent Is the rate at present. Shippers should 

 have a clear understanding In their contracts as to their liability on tbti 

 point as several knotty legal points have already arisen. 



As to the future prospects, all furniture nnd fancy woods will be very 

 quiet owing to the general tendency lo dispense with all luxuries. Soft- 

 woods, owing to the absence of Imports from the Baltic, have already 

 advanced. This may affect the cheaper hardwoods such as birch which 

 was, even before the war, a strong point. Wagon onk pinnks have been 

 very firm nnd an advance Is anticipated In constrtieturni timbers such aa 

 ash, hickory and oak. The prices of ash and hickory have not aa yet 

 moved, owing largely to the very henvy slocks, and there will be a big 

 .lenrance before any material advance Is noticeable. Onk lumber Is a little 

 firmer but shippers should not make this a pretext for consignment ship- 

 ments. Canary whitewood and cottonwood are being used In wide width* 

 for the automobile Industry and shipments of 1x18 nnd up. I'4xl8 nnd up, 

 nnd l<4x24 and up should be profitable while the war lasts, but the 

 cabinet making sizes should be avoided. Round rock elm has been selling 

 well for shipbuilding purposes but the stock Is ample. Stocks like hazel, 

 pine and other sap gum may be wanted owing to the high prices of soft- 

 woods, hut the best policy will be to wall advices from responsible brokers 

 here. The mahogany position Is most difficult to calculate. The shipping 

 companies have ad»anced freights at least fifty per cent, but stocks have 

 not moved to any appreciable extent. The demand Is likely to be exceed- 

 ingly small except In a few Instances where it Is required by the ship- 

 building fraternity. The whole tendency Is to dispense with all luxuries 

 as much as possible and mahogany will he one of the chief suflarers of this 

 resolution. 



