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Published in the Interest of the American Hardwood Forests, the Products thereof, and Logging, Saw 

 Mill and Wood- working Machinery, on the lOlh and 25lh of each Month, by 



THE HARDWOOD COMPANY 



Henry H. Gibson, President 

 Burdis Anderson, Sec'y and Treas. 



Entire Seventh Floor Ellsworth Building 

 537 So. Dearborn Street, CHICAGO 



Vol. XXXIV 



CHICAGO, APRIL 25, 1912 



V i)5t;ioaK5cZ^\>SOifcX>Wto:v/^J^biWS^^ 



No. 1 LIBRA 

 NEW Yt 

 BOTaN! 

 QARDC 



General Market Conditions 



The hardwood trade the eouutrj" over now marks a condition 

 of demand in excess of the possibility of supply. The flood con- 

 ditions in the lower Mississippi valle}', that have prevailed dur- 

 ing the past month, have practically shut off shipments from a 

 large and important district of supply, and orders have accu- 

 mulated in excess of any that have obtained for many years past. 

 Shipments from now on will test the capacity of manufacturers 

 to load out stock, and of the railroads to handle it. 



Plain oak is in particularly heavy request and short supply. 

 Prices on this stock have materially stiffened. There seems to 

 be pretty nearly a general cleanup of all varieties of plain oak, 

 including low grades. 



Manufacturers in the Mississippi valley have never had as short 

 stocks as at the present time, and those in the mountain regions 

 are shipped up close to green stock, and are being obliged to 

 turn down a large quantity of business that is being offered at 

 prices which would be entirely satisfactory if they had the stock 

 to supply it. 



The stock of northern woods of all varieties is very low and 

 what little remains in first hands is being marketed freely at 

 stiffening prices, save the one item of 4/4 maple flooring stock, 

 and even this is being worked off at fairly satisfactory prices in 

 moderate quantities. 



The maple and oak flooring situation shows comparatively little 

 improvement, owing possibly to the decadence of building opera- 

 tions. There is undeniabh- an overstock in manufacturers' hands 

 of nearly all grades of hardwood flooring, and the prices for 

 such stock as is moving today does not fairly represent lumber 

 values with manufacturing cost added. 



Veneer and panel producers are fairly busy, and in some in- 

 stances capacities are overtaxed. Manufacturers of domestic 

 woods in both veneers and panels are still making very low prices, 

 but producers of imported veneers are securing quite a handsome 

 advance over prices that have prevailed for some years, and are 

 crowded with orders. However, there is a marked increase in 



demand for quarter-sawed oak veneers and prices are stiffening. 



The demand for mahogany lumber is greater than it has been 

 for years and there is a constant accretion in values. This in- 

 crease obtained for mahogany is being reflected in the prices of 

 other imported woods. 



The handle trade in hickory and broom and implement stock, 

 is perhaps in better shape today than it has been for several 

 years, and handle producers are feeling quite optimistic over the 

 business outlook. 



The ijolitical situation seems to be playing very little part in 

 business affairs. Business has apparently come back to stay, 

 and with short stocks, good demand and satisfactory prices, there 

 should be nothing to complain of in the general hardwood situa- 

 tion for some time to come. 



A Forest Products Exposition 



There seems to be a general enthusiasm, as evidenced by the 

 interest being taken on the subject, in behalf of a forest products 

 exposition, to be originally opened in Chicago, and then moved to 

 other chief commercial cities of the United States as a means 

 of exploiting lumber and its remanufactured products. This is hav- 

 ing manifestation in the endorsement the movement is receiving 

 at the hands of various lumber organizations, both in building 

 woods and hardwoods. 



It is contended that, to no considerable extent, this movement 

 is having a substantial endorsement on account of the question- 

 able results that have been attained during the past year by the 

 magazine advertising campaigns that have been carried on by 

 producers of several of the leading woods. It has gone beyond 

 a suspicion in the minds of those who are supplying the funds 

 for these expenditures, that the results attained are not commen- 

 surate with the money that has been spent, and hence the aver- 

 age man interested in advertising wood is satisfied to take up 

 some other variety of exploitation that looks reasonably logical. 

 One only has to refer to the majority of leading magazines to note 

 what is known as the general publicity advertiser has evidently 



SUBSCRIPTION TERMS: In the United States and it9 possessions, 

 and Canada. $2.00 the year: in foreign countries. $1.00 extra postage. 



In conformity with the rules of the postoffice department, subscrip- 

 tions are payable in advance, and in default of written orders to the 

 contrary, are continued at our option. 



Instructions for renewal, discontinuance, or change of address, 

 should be sent one week before the date Ihey are to go into effect. 

 Both old and new addresses must be given. 



Both display and classified advertising rates furnished upon 

 application. 



Advertising copy must be received five days in advance of publloa* 

 tion dates. 



Telephones :— Harrison 8085-8087-8088. 



Advertising Representatives: Jacob Holtzman, 5254 Larchwood Ave- 

 nue, Philadelphia, Pa. ; E. W. Meeker, 537 South Dearborn Street, Chi- 

 L-ago, 111. 



Entered as second-class matter May 26, 1902, at the postoffice at V!hi- 

 cago, 111., under act of March 3, 1879. 



