Published Irt the Interest of Ha..rd\vood Lumber, AmericB..n HaLrdwood Forests, Wood Verveer Industry, H&rdwood Flooring, 

 HaLrd^vood Interior Finish, Wood Cl-ken\iceLls, Sah.^v Mill aLnd Woodworking Ma.cHlr\ery. 



LIB 



NEVN 



QA 



Vol. XXIX. 



CHICAGO, FEBRUARY 10, 1910. 



No. 8. 



Published on the lOlh and 25lh of each month by 



THE HARDWOOD COMPANY 



HENRY H. GIBSON, Presidenl 



LOUIS L. JACQUES, Sec'y and Trcas. 



Sixth Floor, Ellsworth Bldg., 355 Dearborn Street, Chicago, 111. 

 Telephones Harrison 8086-8087-8088 



Eastern Territory 

 Norltiern Territory 

 Soutticrn Territory 



REPRESENTATHES 



Jacob Holtznian, 5254 Larchwood Ave., Philadelphia, Pa. 

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

 E. W. Meeker, ,;55 Dearborn St., Chicaeo 



TERMS OF ANNUAL SUBSCRIPTION 

 In the United Stales. Cansida. Philippine Islands and Mexico . $2.00 



In all other countries in Universal Postal Union .... 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 Posloffice at Chi- 

 cago. III., under act of March 3. 1879. 



Advertising copy must be received five days in advance of 

 publication date. Advertising rates on application. 



Coming Association Meetings 



NATIONAL ASSOCIATION OF BOX MANUFACTURERS 

 The annual meeting of this association will he held on 



Wednesday, Thursday and Friday, February 23, 2i and 25, 



1910. at French Lick Springs Hotel, French Lick, Indiana. 



Hardwood manufacturers are especially invited to attend. 

 E. H. DEFEBAUGH, C. FRED YEGGE, 



Secretary. President. 



NATIONAL WHOLESALE LUMBER DEALERS- 

 ASSOCIATION 

 The next annual meeting of this association will be held at 

 the Sinton Hotel. Cincinnati, Ohio, on Wednesday and 

 Thursday, March 2 and 3, 1910, 



E. F. PERRY, GEORGE F. CRAIG, 



Secretai-y. President. 



NATIONAL LUMBER MANUFACTURERS' ASS'N. 



The Board of Governors of the above association have 

 fixed the dates for the 1910 annual meeting for April 19 and 

 20 at New Orleans, La. 



GEORGE K. SMITH, EDWARD HINES, 



Secretary. President. 



General Market Conditions 



It is to be regretted that the Record can not announce today that 

 hardwood sales conditions the country over are in good shape and 

 running smoothly. However, there is no use of manufacturers, job- 

 bers or consumers fooling themselves or each other. 



The hardwood business is spotted in character, and nhile of late 

 there has been a good many large orders placed, the vast majority of 

 buyers are still purchasing only for their immediate requirements. 



The higher grades in practically every variety of hardwoods, in ship- 

 ping condition, are remarkably short. Sales are not being strongly 

 urged on the part of manufacturers. Jobbers who have laid in large 

 purchases are the only ones that are insistent upon forcing sales. 



The trend of the market is upvrard all along the line. 



The recent furniture sales period, on the whole, is a disappointment. 

 Orders did not materialize to the extent that was anticipated, with ilie 

 result that the furniture manufacturers are not buying lumber with 

 any freedom. It is apparently a waiting game all along. 



The foregoing is the situation and there is nothing in it to warrant 

 the assumption that there is any prospect of a break in prices, but 

 still it is a waiting game. 



The comparatively small amount of No. 2 and better quality in 

 first hands, as a foregone conclusion, is already sold, and even cull 

 grades are in fair demand, and they apparently will be reduced to a 

 normal stock within the next few months. 



The only danger in the whole situation is the fact that current 

 prices may induce manufacturers to produce an increased quantity of 

 lumber during the next few months and overstock what is still rather 

 a sensitive market, Tliis is a warning and should be heeded. There 

 is more money in hardwood producers keeping their cut down to 

 normal than in increasing it unduly at the present time. 



There is a call for panel poplar and Cottonwood clear above the 

 manufacturers' producing ability, and prices range very high. 



The call for all varieties of oak is also in excess of stocks. 



Most all varieties of northern woods arc in the same shape. 



In the face of all this, as before noted, business is not uniformly 

 good. 



The interior finish and flooring trades are still working practically 

 up to capacity. 



The veneer people are busy, as they are all -working on a scale of 

 prices not commensurate with their log value and lumber cost. 



The entire situation will probably straighten out into good lines 

 within a short time, but this condition is not yet here. 



Eucalyptus from Government Viewpoint 



It will Ij'' recalled that in a rcL-fiit issur of the Eecord the mis- 

 cellaneous exploitation of eucalyptus-growing in California as an 

 investment and as a fast money-making proposition was deprecated. 

 In these articles evidence was presented of the exact status of 

 eucalyptus values and prospects and an analysis made of the possi- 

 bilities of making money in eucalyptus-growing. 



From the documents under discussion the Record attempted to 

 dispro\e a good many statements that were being promulgated. Now 

 it is iri-atitying to be able to state that Secretary of Agriculture 

 Wilson has inspired the Forest Service to issue the following circular: 



The Department of Agriculture has recently been informed that 

 certain of its publications dealing with eucalyptus have been mis- 

 quoted by several companies interested in selling lands. For in- 

 stance, circular 97 of the Forest Service has been misrepresented as 

 saying that California will in a few years be the only source of hard- 

 wood supply in the United States. Such a statement has never been 

 made in any of the Forest Service publications and is not considered 

 a fact. 



The department experts believe that there is promise of consider- 

 able success in the cultivation of eucalyptus trees in many parts of 

 California, but estimates of profit and of growth have been attributed 

 to the department wMeh are unauthorized. There are many uncer- 

 tainties connected with eucalyptus cidture, the government experts 

 say, which the investor should take into account. 



In some eases statements falsely attributed to the Forest Service 

 in advertising matter have been corrected when attention was called 

 to the facts, but not before the misstatements had been widely cir- 

 culated. Secretary Wilson says he does not intend to allow the name 

 of his department to be used as a means of victimizing the public, 



