HARDWOOD RECORD 



33 



this time of the year, but manufacturers are 

 encouraged over the more favorable conditions 

 recently experienced. 



There is some improvement noted in the car 

 situation. There are more cars available for 

 lumber interests and this means larger ship- 

 ments out of this city as well as increased 

 receipts of both timber and lumber from 

 interior points. Lumber firms engaged in 

 manufacturing are better supplied with timber 

 now, taken as a whole, than they have been 

 for some months. 



New Orleans. 



The sensation caused here last week by the 

 announcement that a receiver had been ap- 

 pointed for the big lumber exporting firm 

 known as the "W. A. Powell Lumber Com- 

 pany, Ltd., had hardly subsided when William 

 A. Powell, head of the company, was arrested 

 and charged with embezzling a large amount 

 of staves and lumber belonging to two New 

 Orleans banks. The first charge of embezzle- 

 ment was preferred by the German-American 

 National Bank, which charged that Powell 

 had embezzled 22,000 pieces of French claret 

 staves intended for export and on wiiich the 

 bank had advanced something over $1,000. 

 The value of the staves was set at $1.S25. 

 The Hibernia Bank & Trust Company then 

 preferred charges against Powell, alleging that 

 he had embezzled 400.000 feet of lumber, valued 

 at $12,000, on which this bank had also 

 advanced money. It was alleged in both 

 instances that the bank had paid the money 

 advanced on the staves and lumber to Powell 

 expecting to secure the receipts and bills of 

 lading when the lumber was delivered on ship- 

 board. These bills of lading were never 

 received and the charges were consequently 

 preferred. Powell was arraigned in one of the 

 Inferior criminal courts and his bond was 

 fixed at $10,000 on the two charges. The 

 Whitney-Central National Bank. Canal-Louis- 

 iana Bank & Trust Company and the Cosmo- 

 politan Bank & Trust Company are also said 

 to have been victimized by Powell. His oper- 

 ations in this particular line, it is stated, 

 represent between $200,000 and $300,000. 



The receiver for the Powell Lumber Com- 

 pany was appointed on the application of 

 Stahl & Son. lumbermen of Rotterdam, who 

 alleged that the company's affairs were being 

 mismanaged. It was set forth in their peti- 

 tion that the company's liabilities would 

 exceed $450,000, while its assets were less 

 than $350,000. In accoi-dance with the repre- 

 senta,tions of the petitioners Judge E. D. 

 Saunders in the United States Circuit Coirrt 

 named the Coramercial-Germania Savings 

 Bank & Trust Company as the receiver. This 

 institution is now in charge of the affairs of 

 the company. Several interventions have since 

 been filed in the suits. 



A good deal of interest is being manifested 

 in the vigorous campaign which lumber ex- 

 porters of this territory are making to secure 

 better car service from the railroad com- 

 panies. Several conferences of exporters have 

 taken place recently and briefs have been 

 prepared setting forth cases where the rail- 

 roads are charged with having made discrimi- 

 nations against certain shippers. The lum- 

 bermen will ask the railroad officials to 

 remedy certain conditions and if nothing is 

 done the matter will be taken to the Inter- 

 state Commerce Commission. The statement 

 that some of the lumber exporters are forced 

 to pay a bribe of from $2 to $5 per car to 

 secure a supply has created something of a 

 sensation. It is said by a number of lum- 

 bermen that bribing the officials is the only 

 way to secure cars from some of the raijroad 

 companies. 



The largest timber deal that has been con- 

 summated this year in the Calcasieu district 

 was closed the other day at Lake Charles 



when 32.000 acres of hardwood timber belong- 

 ing to the Orange Land Company and J. B. 

 Watkins wore transferred to the Southwestern 

 Lumber Company of New Jersey, which was 

 represented by Pi-esident Sam Parks of the 

 Industrial Lumber Company. The price paid 

 was $271,580. The tract lies adjacent to the 

 proposed route of the Louisiana extension of 

 the Santa Fe railroad, several stockholders of 

 which are identified with the Southwestern 

 Lumber Company. This concern has made 

 several other big purchases in this vicinity 

 and will erect a big hardwood mill there. 



The Sabine River Lumber Company, a new 

 hardwood company, has been formally organ- 

 ized at Lake Charles with an authorized 

 capital of $200,000. All of the stockholders 

 in the company are Illinois people, and all 

 but one reside in Illinois. The exception is 

 W. Scott Matthews, president of the Matthews 

 Hardwood Lumber Company of Ouachit<a 

 parish, who moved to Louisiana from Illinois 

 several years ago. Mr. Matthews is the head 

 of the new concern. The others on the Board 

 of Directors with Mr. Matthews are: W. K. 

 Murphy, Pinckneyville, 111.; C. B. Cole, 

 Chester. 111.; Judge George W. Wall, DuQuoin. 

 111.; John B. Jackson. Anna, 111. 



The Caddo-Rapides Lumber Company, one 

 of the leading enterprises in the hardwood 

 section of Louisiana, has increased its capital 

 stock from $12,000 to $100,000. The following 

 are the stockholders: Hugh Corry, J. E. Thir- 

 sell, W. D. Luny, A. L. Ducate, G. W. Bolton. 

 J. W. Bolton, A. W. Looney, J. W. Alex- 

 ander, Hugh Corry, Jr., James Corry, John R. 

 Hunter, all of Alexandria, La.; C. H. Teal. 

 Earl Roberts and J. W. Duncan of Colfax. 

 La.; T. C. Bush of Fairmount. La.; F. W. 

 Offenhauser of Texarkana, and T. H. Garrett 

 of St. Louis. 



The Bay Springs Spoke & Manufacturing 

 Company has filed a charter in Mississippi. 

 It is domiciled at Bay Springs, Jasper county, 

 and has an authorized capital of $25,000. The 

 incorporators are; L. L. Denson, W. J. Shoe- 

 maker and others. 



land, Ky., was In Louisville a few days ago 

 looking after the shipping out of some lumber 

 his firm has here. 



Louisville. 



The car situation here is better, and it is 

 now not only possible to get cars, but lumber is 

 moving quite freely. How it happened, what 

 caused it, or how long it will last, are questions 

 unknown, as all are too busy to ask questions 

 and are only hoping it will last long enough to 

 let them get their order books cleared up a 

 little. 



The W. P. Brown & Sous Lumber Company 

 has a different story to tell now from that of a 

 month ago. At that time stock was moving out 

 of its yard here so much more rapidly than it 

 was coming in as to give cause for worr.v. Now, 

 however, they have it coming in pretty lively 

 and it is keeping all hands busy to take care 

 of it. 



Edward L. Davis reports busy times and says 

 there is nothing to find fault with now but the 

 price of oak timber. All hardwoods are in good 

 demand and his company has its hands full tak- 

 ing care of trade and getting fresh timber sup- 

 plies. 



E. M. Overstreet of the Southern Lumber 

 Compan.v says that just a few more days of 

 nice weather will put them on the sunny side 

 of the street with their hardwood business. 

 They have about 3,000,000 feet down at their 

 mills which they are now moving out. Cars 

 are more plentiful and Mr. Overstreet has been 

 booking some more nice business lately, and says 

 that both demand and prices are good. 



The Louisville Point Lumber Company's mill 

 and all the other mills on the point are busy 

 these days and have more business than they 

 can take care of. It is simply a question of get- 

 ting the logs and sawing them into lumber, as 

 the market practically takes care of Itself. 



Chas. Kitchen of Vansant, iKtchen & Co., Ash- 



Charlotte, N. C. 



Lumbermen of this section are gratified over 

 the action of the legislature which recently 

 closed on matters relating especially to their 

 business. The Corporation Commission was 

 given wider jurisdiction over complaints coming 

 from lumber shippers in all parts of the state, 

 asking for influence in their behalf against dis- 

 crimination in freight rates. The lack of trans- 

 portation facilities was given due consideration 

 and the commission was given power to demand 

 the railroads to build spur tracks and double 

 tracks to accommodate their patrons. 



The plant of Ashbury & Finger of this city 

 was totally destroyed by fire a few days ago, 

 the loss aggregating .1;22,000. About 300,000 

 feet of well-seasoned lumber, including several 

 lots of mahogany, bird's-eye maple, cherry and 

 other hardwoods, was a complete loss. The shop 

 will be rebuilt at an early date. 



The Trenton Buggy & Manufacturing Com- 

 pany of Trenton, N. C, has been organized with 

 $150,000 authorized capital. The company will 

 begin operations with a small capital, but expect 

 to do a lively business. R. L. May, T. D. War- 

 ren and others are the incorporators. 



H. C. Clark and others are the incorporators 

 (pf a new Safe & Table Company, recently or- 

 ganized to operate at Statesville, N. C, with a 

 capital of $50,000. Kitchen safes and furniture 

 will be turned out. 



High Point manufacturers have decided to 

 have an exhibit at the Jamestown Exposition. 

 There are about sixty hardwood manufactories 

 at High Point and no city in the state has a 

 more progressive set of business men behind 

 the industry. A large sum has already been 

 donated to make the exhibition attractive. 



The Bell Lumber Company of Mt. Olive, N. C, 

 suffered the loss of their establishment a few 

 days ago. It was a small plant, the loss 

 amounting to about $3,000. 



The ofllcials of the Waynesville Wood Manu- 

 facturing Company of Waynesville, N. C, are 

 considering the advisability of turning out hard- 

 wood mantels only. The company has been 

 manufacturing table tops, legs and other prod- 

 ucts for some time, but the demand for mantels 

 of the class it is making is so great that other 

 work will probably be excluded. 



The Camp Lumber Company in Dlnwlddie 

 county has sold to the Butterworth Lumber 

 Company a large tract of hardwood, the price 

 paid being $50,000. The tract contains about 

 15.000 acres. 



The Ingleside Lumber Company has been 

 granted a charter, with principal office at Ra- 

 leigh. It is capitalized at $35,000 and will 

 manufacture hardwood products. J. D. Bou- 

 sball, W. H. Pace and others are the incorpo- 

 rators. 



The largest cargo of lumber ever sent from 

 this state went out this week from Wilmington, 

 the cargo being consigned to New York. It was 

 shipped from the wharves of the Cape Fear 

 Lumber Company and the total amount was 

 more than 1,000,000 feet. 



A tract containing some of the finest hard- 

 wood in the state, lying in Graham, Clay and 

 Cherokee counties and comprising 55.000 acres, 

 has been optioned by M. E. Cozad and others to 

 Bailey & Chapman, who operate particularly in 

 the western section of the state. The property 

 is known as the Belding timber tract and is 

 one of the largest and most valuable pieces of 

 timber land in the entire state. The considera- 

 tion is said to have been $625,000. 



Minneapolis. 



Trouble in the building trades, which was 

 threatened here for a couple of weeks, has 

 been averted. The carpenters struck fcr an 

 increase in wages, and were about to call the 



