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HARDWOOD RECORD 



faults this organization maj' have had. I am 

 impressed with this; In I'JOl or 19u2 I know 

 maple was seeking a market at $5. $10 and $irt 

 per thousand, and I remember that when the 

 company made the proposition that they would 

 pay $6, $11 and $10, a great many of the manu- 

 facturers thought that could not be accom- 

 plished, that the company would be unable to 

 market maple at a profit and buy it at $6. $11 

 and $1C. My information now is that the com- 

 pany not only did that, but took the maple off 

 the hands of manufacturers at that price and 

 sold it at an advance which made them a han(J' 

 some profit. Today maple is king, not only a^" 

 pine was king, but this is one of the forces that 

 has made maple a profitable wood today in Mich- 

 igan. It is subject, of course, to the law that 

 as suppJy decreases, value increases, but maple 

 within the last few years has been lifted out 

 oi the condition of which I speak, to a satisfac- 

 tory market value today. I am gratified to see 

 this as a citizen because it not only means suc- 

 cess to you gentlemen who own stumpage and 

 manufacture lumber, but it means a profitable 

 industry for Michigan, and the improvements 

 that you have made in manufacture not only 

 place maple to more uses than it has had before 

 but they have made it possible to use it to bet- 

 ter advantage by the consumer, and maple is 

 more satisfactory at the higher price Ihan it 



was at the lower price several years ago. I 

 may not be technically right because 1 never 

 sawed a board of maple nor measured one in 

 my life, but I have studied conditions somewhat. 

 So that I say the consumer is better olf today 

 as far as maple is concerned than under the 

 lower price condition. Then this is what has 

 been accomplished in Michigan through your or- 

 ganization today. As 1 view this organization 

 I find much more perfection in it than in other 

 similar organizations. If you will bear with 

 me just a moment longer, I want to make this 

 point : I read at lunch today a report of your 

 secretary for this month, of conditions of stock 

 on hand, and that which has been sold. You 

 are covering this one point of stock market so 

 thoroughly that it cannot but be to any man, 

 buyer or consumer, of great value not only as 

 to how stock may be marketed but as to what 

 you may cut in succeeding months, with these 

 reports before you. You are now in position 

 to manufacture more particularly that which the 

 market is demanding, and that which stocks are 

 low in. This is one of the important things 

 you are doing. I gather also this thought from 

 the secretary's report. You are as free as in- 

 dividuals to market a car of lumber as though 

 you were not members of this association, and 

 while free to market any quantity o.f y(nir prod- 

 uct, you are in position lo know from the re- 



ports whether or not you are getting the market 

 value of it. You are all getting this informa- 

 tion. I judge, and it seems to me another very 

 successful accomplishment on the part of your 

 organization. I congratulate you, gentlemen, oa 

 the success you have attained, I enjoy being 

 here with you. and as I said before, regard it 

 as a privilege to address you on this occasion. 



Action was then taken on the report of the 

 Grading Rules Committee, it being accepte(-l 

 and adopted. 



Statistics of Stock on Hand. 



Mr. Odell: I wiali to present some sta- 

 tistics in lieu of a regular report from the 

 Market Condition Committee. It would seem 

 to me from the showing of stock that there 

 is not a weak spot anywhere in the market 

 conditions of today. No item is held in 

 excess, and in fact the greater proportion of 

 lumber in the hands of manufacturers today 

 is covered by orders. 



MICHIGAN HARDWOOD STOCKS ON HAND AND UNFILLED ORDERS. 



