HARDWOOD RECORD 



WANTED 



All Kinds of High-Grade 



HARDWOODS 



S. E. SLAYMAKER & CO. 



RfUi Arenue BuiMini 



NEW YORK 



Mutual Fire Insurance 



r>t Indemnity at Lowett Net Cost 

 Can Be Obtained From 



The Lumber Mutual Fire Insurance Company, 

 The Lumbermen*! Mutual Insurance Company, 

 ^he Pennsylvania Lumbermen's Mutual Fire li 

 The Indiana Lumber 



Boston, Mass. 



Mansfield, OhI 



$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 BLJ>C. 



KANSAS CITY 



-< BRISTOL >= 



ItrUtol lurobrrmen report liukloru •till dull but sllglitly iH-tIrr pro* 

 piTts for trade ilurlng the rcmiilniKT of tbi' fnti and the coming winter. 

 The volume of stock now mov1ii£ Is small hut It Is hcllfvi»d that It will 

 III- somi'What larsor before many months. The demand for lumber In 

 thin m-ctlon baa held up well and bas to iinme extent stimulated bud- 

 iic'iiK. A small amount of stock for export In Itcloit shipped. While many 

 mills arc Idle, a large per rent nf thom arc running, bclterlng that busl- 

 ncsi will soon Improve cnouKh tu Ju-tlfy ki. (ilng huiiy. 



=-< LOUISVILLE >= 



Allhough the volume of bUHlni'xs Ik rcntrlrlcd, os It was expected to br 

 UN tbi< result of k'eurral comlltlona, an Improvement In tbe demand has 

 liocn noird, nnci n much InrKir number of Inquiries la being received. Most 

 of the buiilnesB being handled Is nt unsatlsfnctory prices, however, and 

 Kencral complaint is being heard on this acore. Tlierc seems to be o good 

 deal of competition from uninformed sources, brokers and otbeni without 

 lumber of their own oflTerlng to vupply It to users at extremely low prices, 

 ond then "shopping" all over the rountry with the order after It Is placed 

 Shrewd buyers usually handle olferlngH of this kind gingerly, however, pre 

 ferrlng to place buslncKS with housen of known responsibility. The dcmond 

 for oak for Interior OnUh is picking up, many large structures having Just 

 reached this stage. There Is not much new building of Importance In 

 sight, however. Tbe furniture factories are expecting a stimulation of 

 trade with the approach of the holidays, and this Is likely to help the 

 lumbermen. 



-•< ST. LOUIS >.= 



There Is a slightly Improved condition In the local hardwood trade, and 

 nearly all the items on tbe list are commencing a more ncti\o movement 

 Prices show no noticeable change, except those on choice upper grade utoek 

 for quick shipment. I'laln white oak is most in demand, wide poplar 

 hoards and high-grade n.sh and gum arc showing a better movement. Cot- 

 tonwood Is In better request. There is also a better movement in cypress, 

 with prospects more encouraging. There is a steady volume of business 

 coming from factories and yards, although not in very large volume. Bet- 

 ter grade stocks comm.ind sllqhtly better price? than they did. 



=■< MILWAUKEE >= 



Wisconsin lumbermen are still maintaining their policy of keeping 

 down the lumber output to a point where stocks will not pile up to any 

 extent. This bas had tbe elTect of keeping the hardwood market steady 

 and has prevented any decline which might have been experienced other- 

 wise. Mo.st lumber concerns will curtail their logging operations this 

 season, besides holding the ■mill output to a smaller volume. Much lower 

 wages will be paid in tbe woods this winter, according to lumbermen. 

 Men arc now returning from the Dakota harvest fields and are anxious 

 to secure work for tbe winter. Lumbermen are now paying from $20 

 to ?26 per month for men in the woods, but plenty of labor can be se- 

 cured at lower figures. 



Building operations in Milwaukee arc a little more active and lum- 

 bermen are hopeful that it will result in an increase in business this 

 fall. During the month of September there were 370 permits issued for 

 the erection of buildings to cost $1,162,004. as compared with 333 per- 

 mits and an Investment of $874,509 during the corresponding period a 

 year ago. Considerable building is going on in the .smaller cities and 

 towns and in the country districts about the state. Crops hove been 

 unusually good and are being disposed of at high prices, so farmers are 

 feeling a little more prosperous and arc going ahead with mncb delayed 

 building this fail. 



The local factory trade Is not satisfactory. The sash and door plants 

 arc inclined to buy only enough to meet their present requirements. 

 There is a fairly good trade In hardwood flooring and in most lines of 

 Interior finish. Oak seems to be a little easier, due evidently to the cur- 

 lailmcnt of the export trade. Northern hardwoods are holding fairly 

 firm, due probably to the light stocks at most points and to the fact 

 that tbe production will be kept down until the situation clears up 

 -omewhat. 



=-< DETROIT >.= 



Conditions in the hardwood market do not show enough Improvement 

 to cause any jubilation, but nevertheless there Is a spirit of optimiSHi 

 among the hardwood dealers who do not think that financial conditions 

 win become more stringent than they have been, and industrial activity 

 consequently will not slump lower than It Is at present. While manu- 

 facturers are cortaling their production according to the condition of the 

 various markets, all are operating to some extent. Very few complete 

 suspensions are reported. 



All the trade reported is for immediate consumption. Dealers d* 

 not expect that manufacturers will stock up under present conditions. 

 The market has adjusted Itself and no matter what future conditiona 

 may be there Is little, If any, chance of a further decrease in prices. 



There is plenty of new building going on at Detroit now although It 

 Is not so large as It was last year. Hardwood dealers report an Increase 

 in the demand for finish lines for moderate priced homes, wblch is ei- 

 pMcted to remain strong for some time. 



