Published In the Interest of Hardwood Lumber, American Hardwood Forests, Wood Veneer Industry, Hardwood Floorlns, 

 Hardwood Interior Finish, Wood Chemicals, Saw Mill and Woodworking Machinery. 



Vol. XXIV. 



CHICAGO, JUNE 25. 1907. 



No. 5. 



Published on the 10th and 25th of each month by 



THE HARDWOOD COMPANY 



HENRY H. GIBSON. EJiior. EDGAR H. DEFEBAUGH, Moinjcr 



7th Floor, Ellsworth BIdg., 355 Dearborn St., Chicago, 111., U.S.A. 



Telephone Harrison 4960 



Eastern Office : 319 Land Title Building, Philadelphia. Jacob Holtzman. Representative. 



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General Market Conditions. 



Tile liarilwood market the i-uiintry civer is liiildiny up reiiiarkalily 

 Avell. Two weeks ago it looked as though trade might deidine to 

 such a material extent as to affect values, but there seems to have 

 been a general resumption of buying and most all items of stock, 

 with the possible exception of tirsts and seconds and sap gum, are 

 in good call, at full list prices. 



The good end of poplar leads the van in active demand. Stock 

 is undeniably very short and the recent loss of logs from the upper 

 ( )liio tributaries will make the future supply still shorter than was 

 liiiticipated. The slight decline of two weeks ago in West Vir- 

 yinia oak ii. the Eastern markets seems to have been recovered, and 

 there is no indication* of lowering values. 



There is a strong and insistent demand for critfonwdiHl box quali- 

 ties, and recent orders have been placed in single lots for as liigh 

 as 10,000,000 feet, comprising the full season's cut of several large 

 mills. Basswood is a close second to poplar and cottonwood in 

 demand and there is very little in sight for the last of the year. 



Stocks of northern hardwoods are generally pretty well sold up 

 to the saw, and in many cases the season's cut has been sold to 

 jobbers and large consumers. 



In the South weather conditions are a little better than they have 

 been, but still the ground in the delta country is very soft and 

 logging operations are carried on with difficulty. Probably not more 

 than half the mills of that district are in commission. The heavy 

 rains of the last few days have also played havoc, with the tram- 

 roads in the mountain country :aiid a good many of these mills are 

 shut down for want of transportation facilities to the mill from the 

 woods. In the Charleston district a tremendous fall of rain occurred 

 a few days ago, which is the heaviest that has obtained during the 

 last eighteen months. Many operators had many miles of their rail- 

 roads washed completely away, which will interrupt logging and 



i^sawing for the next month. 



:?':. The trade in mahogany, cherry and walnut is above normal and 

 stocks of all these woods are comparatively light. Most of the 



^ hardwood flooring manufacturers report that they have a large 



. number of orders on hand and are valiantly striving to catch up 

 with orders. 



While practically all the veneer factories are today fully occupied 

 in filling orders, in some quarters it -is reported that there is a 

 .slight diminution in inquiry and placing of new orders. There is 

 an immense volume of veneers being turned out, but on the whole 

 prices are far from satisfactory to the manufacturers. 



The Saving Grace. 



The interest that the [lulilic at large is taking in the forest policy 

 of the Roosevelt administration is remarkaWe. Men and women 

 in all ranges of society seem to have awakened to the importance of 

 forest conservation and rehabilitation. An editorial from a recent 

 drug paper, under the head of "The Nation's Power," aptly illus- 

 trates this statement. The publication says that a? the states acting 

 separately could not end slavery in 1861, so the states acting sepa- 

 rately cannot end the piracies of capital in 1907. The states could 

 not end the poisoning of people by adulterated food, so the nation 

 is ending it. The states could not preserve the country's forests, so 

 the nation is preserving them. It says the constitution is our 

 ordinance of national life, and not the articles of our national 

 death. It was meant to free the hundreds of American people and 

 not to shackle them. Marshall so interpreted it in the courts; 

 Lincoln so interpreted it in the council chamber; Grant so inter- 

 preted it on the battlefield, and today Roosevelt is following in their 

 footsteps and thus obeying the will of the American people. 



The Hardwood Record is fully in accord with the sentiments ex- 

 pressed by its contemporary, and it is full time that the selfishness of 

 some of the people of our far western states who disapprove of the 

 nation's timber saving policy should be promptly and vigorously 

 sat down upon. 



The United States government should be a pretty good landlord, 

 and it is to be hoped it will retain its hold on its ow'n, and not turn 

 the remainder of the public domain over to individual states to be 

 dissipated by local politicians and railroad corporations, as it did 

 with the splendid timber of Michigan, Wisconsin and Minnesota 

 twenty-five to forty years ago. 



The Veneer Meeting. 



There are many deductions that can be made from a perusal of the 

 proceedings of the meetings of the National Veneer and Panel Manu- 

 facturers' Association, which held its semi-annnal session at Chicago 

 last week. Primarily, it was shown that the output of veneers has 

 been doubled during the last eighteen months, and that the industry 

 is the fastest growing 'one in the United States. It was shown that 

 log and manufacturing cost during the past ten years have prac- 

 tically doubled, and furthermore it was demonstrated that the ijrices 

 now secured for veneers are in many cases less than those of ten 

 years ago. However, through the efforts of the association, prices 

 have been materially enhanced during the last year and comparatively 

 speaking, are fairly satisfactory. 



In legislation the most important thing done at this meeting was 

 establishing a set of uniform classification and grading rules to 

 cover all varieties of plain rotary cut thin lumber. These rules, 

 in sympathy with those of various lumber associations, have been 

 somewhat lowered in both quality and sizes, as compared with former 

 standards, but still it is thought they will be entirely satisfactory 

 to the consuming trade. 



