Publlahed In the Interest of Hardwood Lumber. American Hardwood Forests, Wood Veneer Industry, Hardwood Flooring, 

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



Vol. XXIV. 



CHICAGO. OCTOBER 10, 1907. 



No. 12. 



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



THE HARDWOOD COMPANY 



HENRY H. GIBSON. Ed.ior. EDGAR H. DEFEBAUGH. Man.ger. 



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



Telephone Harrison 4960 

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 Cleveland . 

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 Norlhern Territory 



B. F. Lippold, 537 St. James Buildins 



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H. A. Lane, 906 Wabash Building 



F. M. Clutter. Colonial Hotel 



H. L. Wells. 310 Tennessee Trust Building 



F, H. Luce, 3 5 Dearborn St,. Chicago 



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General Market Conditions. 



There is no marked change in the features of the hardwood market 

 the last two weeks. Trade the country over is fair, although in the 

 eastern sections there seems to be a diminution of urgent buying, 

 which condition is probably attributable to the rather close money 

 market. TTiere is some complaint of slow collections, but on the 

 whole the situation is very good, with every prospect of increasing 

 demand as the season advances. 



Doubtless poplar is the strongest seller of the entire range of 

 hardwoods. Oak in most sections of the country is doing well. The 

 general range of southern hardwoods is in fair demand, except that 

 tliere seems to be a hesitancy in the purchase of gum. In quite a 

 number of cases gum producers have been making offerings at cut 

 prices, which in place of stimulating demand, has succeeded in de- 

 inoraUzing trade. The prices on gum recently quoted by a good 

 many producers w-ill perforce necessitate the restriction of the gum 

 output, as the prices of even a month ago afforded little profit to 

 manufacturers. The wise owner of gum stumpage will leave his tim- 

 ber growing in the woods for some time to come. This most excellent 

 of woods seems to have been the target of attack from buyers, and it 

 will be the fault of producers if the present condition of values con- 

 tinues, as in relative value gum certainly is worth much more than 

 jiresent list prices. 



Northern hardwoods of every variety are in short supply, and sold 

 close up to green stock. The volume of trade is limited to the small 

 auiount of lumber in sight. There is a diminution in large flooring 

 orders, especially in metropolitan districts, but the aggregate of small 

 (irders is still large and the factories producing both maple and oak 

 CZMlooriug are all busy. 



^ With the advancing season there is a growing demand for both 

 LOveueers and panels, and conditions in this branch of the industry are 

 T-Hvery promising. It seems to be the consensus of opinion among manu- 

 U- faeturers that business during tlie latter part of the present summer 

 was far better tlian during the corresponding period last year. 



The Handle Meeting. 



In this issue (jf the Hardwikih Kecokd will be found a report 

 of the meeting at which were taken initial steps looking toward 

 the organization of the various elements of the handle industry 

 of the United States and Canada into au association for the 

 mutual benefit of the manufacturers and dealers in these great 

 and varied commodities. It was decided to form one general 

 organization, with subsidiary branches to cover specific lines of 

 production, under the guidance of those interested in each par- 

 ticular division of the trade. 



The meeting was attended by the greater number of the larger 

 manufacturers of the country, and was harmonious. Initial stejiK 

 were taken to organize an association which should be of great 

 benefit to the 650 or more handle makers of America as well as 

 the buyers of the product. 



The Great Corn Exhibition. 



For weeks the choicest specimens from the rich corn fields of 

 twenty-four stares have been garnered for the great corn exposition 

 which ojiened in Chicago Oct. 3. The attendance was enormous, 

 exceeding 200,000 from out of the city alone, while the exhibits num- 

 bered 20,000. It is the opinion of many successful farmers that 

 unless the present system as practiced by a large percentage of their 

 number is changed, the great Mississippi Valley w-ill lack bread 

 within the next two decades. The great exposition will help educate 

 the farmer how to maintain the fertility of the soil and keep up the 

 vast yield of corn, producing the maximum amount to the acre. 



Pessimists who have been howling about poor crops will be some- 

 what taken back by the statement of experts that never has a finer 

 or larger display of corn been seeu, and that the value of the crop 

 this year will be the greatest in the history of the world, amount 

 ing to more than that of the wheat and cotton crops combined, and 

 they are not behind the average yield. 



For years the children of our farmers have been migrating to the 

 large cities, and neglecting what seemed to them a narrow and un- 

 profitable field, but at the exposition a noticeable featui-e was the 

 scores of young men — brilliant thinkers, fluent speakers, many of 

 them college bred, full of knowledge of their subject — who are taking 

 up farming in a logical and scientific way, so that this great profes- 

 sion, upon the success of which so many other lines depend, is at 

 last coming into its own. 



Greatest Transportation Movement of the World. 



"With the passing of resolutions endorsing the project of a fourteen- 

 foot ship channel from the Great Iiakes to the Gulf of Mexico, a peti- 

 tion to Congress for an appropriation suflSeient to carry it to a suc- 

 cessful issue, and the appointment of a committee of fifty to influence 

 such action, one of the most notable gatherings ever held in the inter- 

 ests of good transportation and general expansion of a country's 

 resources was adjourned. 



The Deep Waterways Convention at Memphis Oct. 5 was a tangible 

 expression of one of the great forward movements of the age, and 

 the presence of President Roosevelt and the governors of fourteen 

 states lent to the project a prestige and publicity that have undoubt- 

 edly given it the impetus necessary to lift it out of its erstwhile 

 obscurity and misconception on the part of the masses and carry it 

 through, over the heads of indifferent, grafting and short-sighted 



