MaFdwoM ReaJM= 



Published ir. the Interest of Hardwood Lvn^ber. American Hardwood Fores.s. Wood Ve7e; Ind-«V. "^rdwood Flooring. QARDEN. 

 Ha.rdwood Interior Firxlsh. Wood CKemica^Is. Sb.w MHI o-nd Woodworking Ma^chinery. 



Vol. XXIX. 



CHICAGO, DECEMBER 25, 1909. 



No. 5. 



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



THE HARDWOOD COMPANY 



HENRY H. GIBSON, President 



LOnS L. JACQUES. Secretary 



6th Floor, Ellsworth Bldg., 355 Dearborn St., Chicago, 111. 

 Telephones Harrison 8086-8087-8088 



Eastern Territory - 

 Northern Territory 

 Souttiern Territory 



REPRESENTATIVES 



Jacob Holtzman, 5!54 Larcliwood Ave., Philadelphia. Pa. 



- C. F. Dedekam, 355 Dearborn St., Chicaeo 



R. W. Meeker, 355 Dearborn St., Chicaeo 



TERMS OF ANNUAL SUBSCRIPTION 



In the United Stales. Canada. Philippine Islands and Me.\ico 

 In all other countries in Universal Postal Union 



$2.00 

 3.00 



Subscriptions are payable in advance, and in default of written orders to the 

 contrary are continued at our option. 



Entered as second class matter May 26, 1902, at the Postoffice at Chicago, 

 III., under act of March 3. 1879. 



Advertising copy must be received five d».ys in ©.dva-nce of 

 pub!ica.tloi\ da.te. Advertlslna rentes on o.pplics».tlor\. 



Coming Association Meetings 



INDIANA HARDWOOD LUMBERMEN'S ASSOCIATION. 



The next annual meeting of this association wm be held at 

 Indianapolis, on Thursday, January, 13, 1910. 

 C. H. KRAMER, JOHN M. PRITCHAED, 



Secretary. President. 



HARDWOOD MANUFACTURERS' ASSOCIATION OF 



THE UNITED STATES. 

 The eighth annual meeting of this association wiU he held 

 at the Sinton Hotel, Cincinnati, on Tuesday, Wednesday and 

 Thursday, Febmary, 1, 2 and 3, 1910. 

 LEWIS DOSTEE, K. M. CARRIER, 



Secretary. President. 



NATIONAL WHOLESALE LUMBER DEALEES' 

 ASSOCIATION 

 The next annual meeting of this association will he held at 

 the Sinton Hotel, Cincinnati, Ohio, on Wednesday and 

 Thursday, March 2 and 3, 1910. 



E. F. PEEEY, GEOEGE F. CEAIG, 



Secretary. President. 



General Market Conditions 



In some of the chief commercial centers where the holiday spirit 

 reigns supreme, there is a marked cessation of hardwood business, 

 but in others, notably in the Middle West, there continues to be a 

 large volume of business. Ordinarily at this time of year trade 

 falls off to a minimum, but owing to the prospect of an impending 

 far strike, the manifest shortage in many varieties of lumber, and 



the feeling that prices are likely to be higher instead of lower, a 

 good many orders have been placed during the last fortnight. 



Collections as is usual at this time are remarkably slow. Money 

 at banks is comparatively easy, and any business man of good com- 

 mercial standing, can get all the bank accommodation he requires 

 at moderate discount rates. 



The particularly short item of stock is firsts and seconds plain 

 white oak, with plain red a close second, as well as firsts and 

 seconds and panel poplar. There is a markedly increased demand 

 for No. 1 common and most all the standard grades of No. 2 common 

 in oak are selling fairly well. In northern woods maple and birch in 

 shipping condition are practically exhausted from first hands. 



The hardwood flooring manufacturers are having a remarkably 

 good trade when the season of the year is considered. 



A notable feature of the present situation is the increased call for 

 the good end and mill run gum among furniture makers. There is 

 a greater development in the use of gum for furniture and interior 

 trim than was ever before known. 



Good cottouwood, especially in stock of widths, is sold very close 

 up to the saw. The demand for the lower grades is daily 

 improving. 



There is an increased call for basswood and prices are showing 

 better. 



Mahogany and other foreign woods are in good supply and in fair 

 request. High class mahogany logs are scarce, but neither log nor 

 lumber prices show any advance. 



The majority of veneer and panel factories are pretty well loaded 

 up with business. Most of these orders were taken at very low 

 prices, and there seems little hope of advancing values until present 

 orders are cleaned up. It is undeniably true that veneers and 

 panels are being marketed much below their intrinsic worth, and 

 that with the continuation of good business prices on these 

 commodities will get up somewhat in line with lumber values. 



The entire hardwood situation looks good, with every prospect of 

 a continuation of an excellent business for months to come, at 

 constantly augmented values. 



An Impending Railroad Strike 



The Record does not want to pose as a calamity howler, but there 

 is still an undercurrent indicative of an impending strike among rail- 

 road operators. Railroad authorities are doing everything in their 

 power to avert this calamity, but today it is apparently a question 

 whether the demands of the allied engineers, trainmen and switch- 

 men will be met by the railroads or be modified to an extent that will 

 make mutual concessions and harmony possible. 



There is not very much in the daily prefs referring to this .nibject, 

 but at the same time the various railroad employees' organizations 

 are shaping up their demands on the railroads for presentation and 

 there is serious danger of a railroad tie-up. It is sincerely to be 

 hoped that the good business in sight will not be interfered with or 

 stopped by unwise action on the part of either railroad operators or 

 railroad officials. However, there is manifest danger in the situation. 



So much the wiser wUl be both sellers and buyers of lumber if 

 they take prompt steps to avoid a shut down of both sawmills ami 

 remanufacturing institutions for want of shipping facilities, by doing 

 business now while railroad facilities are in fairly good shape. 



