HARDWOOD RECORD 



in central Oliio. Dr.v stocks in the liands of mill owners are not very 

 heavy. Shipments are coming out promptly. Furniture and vehicle con- 

 cerns are also buying stoclts in larger quantities. Buying of hardwoods is 

 also being done by a number of automobile plants. Taking it all in all 

 buying on the part of factories has improved. 



Some cutting of prices has been indulged in to force trade, but this has 

 not been sufficient to demoralize the market. The levels which have 

 maintained for several months still prevail. Some changes have been made 

 toward higher quotations. Collections are still bad in almost every section. 



Quartered and plain oak are both in good demand and prices are steady. 

 Poplar is ruling firm in most grades. Chestnut is still in good demand, 

 although some weakness has appeared in sound wormy. Other hardwoods 

 are unchanged. 



::-< CINCINNATI >■- 



Hardwood dealers find only a spotty market but there is no question 

 but that there is some improvement. Inquiries are somewhat lighter 

 but they are of a more substantial character, producing more actual 

 orders than for some time. Close figuring by wholesalers is necessary 

 to secure what there Is to be had, and they are the only ones who are 

 getting much business except those who make a business of specialties. 

 Extreme cautiousness by buyers of consuming plants restricts purchases 

 abolutely to immediate wants, and request to hurry the car along further 

 shows how close on stock many of them are running. It is expected that 

 the burden of carrying the stock is going to fall on the manufacturer 

 and wholesaler for some time to come. 



.Ul grades of oak, both plain and quartered, except No. 2 quartered, 

 are moving well. Sap gum in 1st & 2nds is in very good request but the 

 reverse is true of the same quality of red gum. No. 1 common in each case 

 moves easily. Thick ash, usually a fast seller, is moving very slowly and 

 this is true also of all other thicknesses, but bright prospects loom up 

 in the near future as to the ash movement as there is a steady Inquiry 

 tor such stock. Request for maple is rather on the Increase. There is 

 little improvement in the poplar situation, neither the wholesaler nor the 

 consumer being inclined to buy beyond actual requirements. 



The manufacturers of boxes and packing cases are not so busy as a few 

 weeks ago but they are still large consumers of all low-grade hardwoods 

 suitable for their purpose. At manufacturing points a sufficient amount 

 of business arrives lu order to keep the mills running and there does 

 not appear to be any additional surplus as against sixty days ago. 

 Prices at mill points for band sawn stock are firm and wholesalers who 

 in their zeal for business take chances on lower prices find that they 

 have to either swap dollars or furnish stock from the small mills. 



:-< TOLEDO y- 



The hardwood situation has not Improved much, but dealers are opti- 

 mistic as to the ultimate outcome. The local yards are carrying more 

 than might be considered justifiable under existing conditions. Prices 

 are showing some weakness, owing largely to the fact that some of the 

 holders are anxious to unload. Not a dealer will admit that he is cut- 

 ting the price, but It is noticeable that when an offering is made there 

 are those lacking the moral courage to refuse just because the price is 

 off the list a little. The fact that many factories are running far below 

 normal, of course, affects the lumber business and the dearth of railroad 

 orders continues to be keenly felt. Locally there is a good hardwood 

 demand and considerable construction business is in progress which will 

 provide a demand for hardwood lumber. Prices are showing some woak- 

 ness, but on the whole things are holding up better than was expected 

 a month ago and optimists still predict a good future. 



-< INDIANAPOLIS >- 



The hardwood business in this locality is about the same as it has 

 been for four or five weeks. Trade is quiet with no indication of pick- 

 ing up soon. There is some buying, but it is only in small quantities 

 to meet immediate needs. There are no large stocks on hands, either in 

 the hands of manufacturers, wholesalers or retailers. With the excep- 

 tion of gum. which has been off for some time, prices are holding their 

 own fairly well. No dry stock is being thrown on the market at bargain 



It is estimated that the volume of the hardwood business is from 

 twenty to twenty-five per cent less than it was at this time last year. 

 The veneer trade is not faring so well, manufacturers saying that the 

 volume of business is not more than fifty per cent of what it was this 

 time last year. By curtailing production and insisting on profit making 

 prices, manufacturers are obtaining as good prices as usual. Some of the 

 local veneer mills have been shut down several weeks. Others have been 

 running about half time. 



=-< NASHVILLE >= 



The tone of business has shown very little change In the hardwood mar- 

 ket the past two weeks. The total volume is not so large as at the same 

 time one year ago, but manufacturers and shippers are handling a fair 

 amount of orders at fairly satisfactory values. The policy of curtailment 

 of production is noted, though most of the big concerns continue to operate 

 their plants as usual. There is a feeling in some quarters that the worst 

 is over, and that improvement should come in the future. 



Paepcke Leicht Lumber Co. 



Conway Building HI W. Washington Street 



CHICAGO, ILLINOIS 



PLAIN WHITE OAK 



Ists and 2nds LM.OOO' 



No. 1 Common 225,()00' 



.N'o. 1 Common'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'.'. 2.^!u(iii- 

 .Vo. 2 Cummon lo, )' 



No! 2 Common'. '. '. '. '. '. '. '. '. '. '. '. '. '. '. '. '. '. '. '. '. '. '. '. 'u'iooir 



QUARTERED WHITE OAK 



No. 2 Common 2!oOO' 



Ists ana 2nds 12.000' 



No. 1 Common 35,000' 



No. 2 Common 4.000' 



SAP GUM 



Ists and 2nds 25,000' 



Ists and 2nds 150.000' 



Ists and 2nds 125.000' 



WHITE ASH 



No. 1 Common and Better 12,000' 



No. 1 Common and Better 15.000' 



No. 1 Common and Better 5.000' 



■' No. 1 Common and Better 26.000' 



PLAIN RED OAK 



Cor 



Above stock is all dry and of our own 

 production, from good logs. Consists of 

 good widths and lengths; is band sawed and 

 carefully edged and trimmed. 



WRITE, PHONE OR WIRE 

 FOR PRICES 



Paepcke Leicht Lumber Co. 



Conway Building 111 W. Washington St. 



CHICAGO, ILLINOIS 



