HARDWOOD RECORD 



49 



The forest areas adjacent to Sunburst were 

 formerly operated entirely by tbe Champion 

 Fibre Company, a concern which was interested 

 solely in the manufacture of pulp and fibre, but 

 recently the Champion Lumber Company was 

 organized, which is a subsidiary concern of the 

 Champion Fibre Company, which controls 125,- 

 000 acres of fine hardwoods and spruce. Inas- 

 much as the company is erecting a double cut- 

 ting band mill, and is laying its standard gauge 

 railroad and surveying for an extension of the 

 road, the students were given an unusual oppor- 

 tunity to actually see how things are done. 



Dr. Schenck is now giving lectures on log- 

 ging and lumbering, and the object lessons at 

 close hand make these lectures doubly valuable. 



The usual course of study has been going on, 

 Dr. House continuing his talks on plant physi- 

 ology, while Prof. Franklin Sherman is lecturing 

 on entomology. 



Adjustment of a Cincinnati Failure 



One of the large receiverships, which are 

 made to pay out In full, recorded the other day. 

 was that of the Enterprise Lumber Company. 

 The failure of this company five years ago was 

 a sensation in the local business world, be- 

 cause, coupled with the taking over of the busi- 

 ness by a receiver, was the disappearance of the 

 president of the company, James Meyers. 



In the adjustment of the affairs of the com- 

 pany every creditor received dollar for dollar, 

 including prior participation in a thirt.v per cent 

 dividend, which was earned by the running of 

 the business in the hands of the court. The 

 first receiver was W. H. Stewart, who was 

 succeeded by O. W. Bennett, who reorganized 

 the compan.v under the laws of Delaware, to 

 be known as the "Enterprise Lumber Company." 

 The new company takes over the old company 

 and satisfies the creditors, all of whom will 

 participate In the new company. The business 

 has been profitable under the management of 

 Receiver Bennett and has piled up a net surplus 

 of .$50,000. 



The Enterprise Lumber Company has a mill 

 and yard in Avondale, and yards in Norwood. 



The Lumbermen's Luncheon Club 



The new Lumbermen's Luncheon Club of New 

 York, recently organized, Is fast growing In num- 

 bers and In importance. Recent new members 

 enrolled are : R. W, Higbie, three members of 

 Crombie & Co., C. W. Manning, H. J. Gott of E. 

 V. Babcock & Co.. the Gardner-Wood Company. 

 James B. Fatten of V<'. M. Ritter Lumber Com- 

 pany, and several other representative whole- 

 salers of the New York market. 



The last luncheon of the club was held in the 

 club room in the Mills building and was taxed 

 to the utmost by the number present. Arrange- 

 ments are being made for a larger room in the 

 same building In charge of the same caterer. 



The club is organized for wholesalers and vis- 

 iting millmen or their representatives only to 

 better the relations existing among the New 

 Y'ork wholesale element. Heretofore the luncheons 

 have been held only twice monthly, but in the 

 fall the meetings will probably be held weekly. 



The only oflice of the club is that of man- 

 aglng-secretar.v. which place is occupied by 

 Herbert E. Sumner of the Sumner Lumber Com- 

 pany. 50 Church street, and applications for 

 membership should be addressed to him. No 

 dues are Involved. At some of the meetings short 

 talks will be given by specialists in various 

 phases of lumber selling or advertising fields. 



Building Operations for May 

 Building operations in some fifty cities reported 

 by The American Contractor, Chicago, show an 

 aggregate gain of 21 per cent for May, 1912, 

 as compared with May of the past year. The 

 first five months of the .year scored a gain of 9 

 per cent as compared with the same months of 

 1911. Gains of 50 per cent and over were made 



for May as follows : Atlanta. 63 per cent : 

 Buffalo. 102 ; Chicago. 127 : Harrisburg. SI : 

 Hartford, 51 ; Salt Lake City. 88 : San Antonio, 

 129: Toledo. 412. Particulars will be found in 

 the following tables : 



Mav. Mav, 



1912, 1911. Per Cent, 



City. Cost. Cost. Gain. Loss. 



Atlanta $ 784.324 $ 480,882 «3 



Baltimore S30.502 1,104,195 . . 24 



BirmiDgham 386,340 376,640 3 



Buffalo 1,889,000 934.000 102 



Cedar Rapids 160.000 223,000 .. 28 



Chattanooga 93,640 175,720 . . 46 



Chicago 10,750,810 4,720,600 127 



Cleveland 2,014,207 1,701,634 18 



Columbus 507,122 437,191 15 



Dallas 310,923 379,973 . . 18 



Denver 586,000 565. 150 4 



Des Moines 220,675 196,795 12 



Detroit 2,088,075 1,761.830 IS 



Evansville 139,167 114,017 22 



Fort Wayne 304,815 213,260 42 



Grand Rapids 287,044 246.630 16 



Harrisburg 239,900 131,700 81 



Hartford 731,580 481,715 51 



Indianapolis Stl,895 7.53.225 11 



Kansas City 1.446.705 1.032,338 40 



Little Rock 95.725 79,145 20 



I.os .\ngeles 2.277,861 1,915,529 18 



Manchester 201,658 178,435 13 



Memphis 684,460 635,890 7 



Milwaukee 1,249,814 2.083,146 .. 40 



Minneapolis 955.260 1,994,925 . . 52 



Nashville 156,444 165,513 .. 5 



Newark 1,290,469 1,590,748 . . 18 



New Haven 463.021 621,621 .. 25 



New Orleans 342,617 .365.613 .. 6 



Manhattan 13.750.748 9.516.045 44 



Brooklyn 4.682.820 5.192,300 .. 9 



Bronx 4..303.269 2.8,82.497 49 



New York 22.736.837 17.590.842 29 



Oklahoma Citv 103,115 3.»0.475 .. 72 



Omaha .590.020 460.465 28 



Philadelphia 3.996,785 4.759,085 .. 16 



Pittsburgh 1,171,709 1.148,660 2 



Portland 1,528,496 1,878,330 .. IS 



Rochester 1.183,967 1.070.648 10 



St. Paul 936,063 1,136,269 .. 17 



.St. I.ouls 1.983,8.53 1,949,914 2 



Salt Lake City... 413,250 218,900 88 



.«an .\ntonio 573.604 249.927 129 



San Francisco 2.229.423 1.925,847 15 



Scranton 157.694 144.355 9 



Spokane 144.190 .323.2,35 .. 55 



Tolpdo I,.392.0.54 271.671 412 



Washington 1,599.380 1.494.055 7 



Wilkes Barre 1.58,808 .320,630 .. 50 



Worcester 4.12.002 455.497 . . 1 



Total $74,881,203 $61,439,865 21 



Hardwood Manufacturers' Association 



Secretary Dostor nf the Hardwcod Manufac- 

 turers' Association of the T'nited States, whose 

 headquarters are at Cincinnati, has just returned 

 from a trip through the producing districts of 

 West Virginia. He reports numerous sales of 

 poplar, and one sale of 550.000 feet of high-grade 

 stock, indicating a returning demand for the bet- 

 ter grades of this wood. He reports that the 

 condition of low-grade poplar stocks remains prac- 

 tically unchanged, as orders are already booked 

 covering a large percentage of the year's output. 

 A meeting of the Tri-State Lumbermen's Club 

 was held at Ashland. Ky.. on June 1, at which a 

 general discussion of poplar stock conditions 

 ensued. Permanent quarters have been secured 

 for this club at the Park City Club rooms. 

 Ashland. 



Secretary Doster reports that the statement 

 of market conditions for May is rapidl.v nearin? 

 completion at his office and will soon be ready 

 for distribution. 



The Hardwood Manufacturers' Association is 



arranging for the appointment of several new 



• inspectors, and application for these positions 



are now being received and passed upon by the 



association's oflScers. 



The report sent out by the association last 

 week on stock conditions covering low-grade 

 poplar. Cottonwood and gum indicates a reduc- 

 tion from a year ago of from nineteen to sixty 

 per cent. 



The secretary advises that the membership of 

 the association Is l»ing divided into classes for 

 the particular woods they manufacture, in order 

 to facilitate the handling of information cover- 

 ing stocks and market conditions more accurately. 

 This system obviates the necessity of burdening 

 members with requests for information covering 

 woods they do not produce. When this system 

 is installed there will be a very elaborate inter- 

 change of information between members pro- 

 ducing the same kinds of woods. 



President W. E. DeLaney, under date of May 

 24, communicated the following : 



"While the overfiow in the Mississippi valley 

 is regrettable, those outside of the flooded district 

 will undoubtedly be benefited on account of en- 

 hanced values. While the demand is as yet not 

 normal — and well for the lumbermen that it is 

 not, as in such condition requirements could not 

 be met — the condition is undesired, as It would 

 benefit those who are urging substitution for 

 lumber, 



"I believe all demands for lumber will be met 

 by the manirfacturers this year, and values will 

 be higher than last. I believe the average value 

 of hardwoods this year, as compared with last, is 

 $3 higher, and would not be surprised to see the 

 average go to $5, 



"The association is now engaged in gathering 

 statistics as to the supply and present market 

 conditions. I trust that every member will re- 

 spond promptly to this request, as our office is 

 being flooded for this Information, and we are 

 unable to supply it until we can procure accurate 

 information for distribution. I feel that this 

 compiled information will be of great benefit at 

 this particular time." 



Miscellaneous Notes 



The D. Winchester Handle Company, formerly 

 of Attica, O., has been moved to Bellevue, O. 



The Advance Lumber Company, Cleveland, O., 

 has decreased its capital stock from $750,000 to- 

 $375,000, 



The Central Lumber Company, Forest City, 

 N. C, has been Incorporated with a capital 

 Btoct of $50,000, 



The Bad Axe Lumber Company, Bad Axe, 

 Mich., has been Incorporated with a capital 

 stock of $25,000. 



The Alf Bennett Lumber Company, St. Louis, 

 Mo., has been petitioned into bankruptcy. S. F. 

 Pryor has been appointed trustee. 



The Klrkpatrick Lumber Company, Alexan- 

 dria, Ga., has been incorporated with an au- 

 thorized capital stock of $25,000. 



The Greenville Lumber & Veneer Company. 

 Greenville, N. C, has been succeeded by the 

 Greenville Cooperage & Lumber Company. 



The South Georgia Lumber Company, whose 

 headquarters are at Savannah, Ga., has opened 

 en office at 11 Broadway, New York» N. Y. 



The Rainwater Lumber Company, New Or- 

 leans, La., has been incorporated with a capitat 

 stock of $25,000, and will wholesale lumber. 



Fire recently destroyed the lumber and saw- 

 mills of the Seymour Lumber Company. North 

 Vancouver, B, C, entailing a loss of $100,000. 



The Good Lumber Manufacturing Company. 

 Strasburg, Va., has been incorporated with a 

 capital stock of $50,000 to manufacture lumber. 



A. N. Russell & Son Company, Illon, N. Y., 

 manufacturer of fixtures, show cases, etc., has 

 increased its capital stock from $75,000 to $125,- 

 000. 



The Fairfield Lumber Company, Fairfield, 111., 

 has Increased its capital stock from $10,500 to 

 $20,000, and the number of directors from three 

 to five. 



The Regal Furniture Company of Jamestown, 

 X. Y., has been succeeded by the C. W. 'Herrick 

 Manufacturing Company, which is capitalized at 

 $100,000. 



L. F. Sanders & Son. wholesale dealers in 

 mine timbers, hardwood lumber, etc., have 

 moved their headquarters from Brighton, 111., to 

 921 Alton street, Alton, 111. 



The Hoosier Veneer Company, whose plant at 

 Ladoga. Ind., was recently destroyed by fire, 

 has completed arrangements to continue in busi- 

 ness at Indianapolis, and not rebuild the Ladoga 

 mill. 



The Maple City Manufacturing Compan.v. 

 Ooshen, Ind., has been Incorporated with a cap- 

 ital stock of $10,000 to manufacture porcli 



