32 



HARDWOOD RECORD 



Ritter Lumber Company of Columbus, O. ; J. A. 

 Wilkinson of Bristol, Tenn., and others, ex- 

 pressing sympathy with the movement. 



The meeting had before it the rules adopted 

 by the Liverpool Timber Trades Association at 

 a meeting held January 21, which were Identical 

 with those adopted by the exporters in 1S97. 

 Since then, however, conditions of supply have 

 changed greatly, and oak planks of the quality 

 fixed at that time are not now obtainable in 

 sufficient quantities to supply the demand. A 

 readjustment of grades has become a necessity, 

 and this appears to lie largely at the bottom of 

 the differences between the exporters and the 

 foreign buyers. The rules framed by the com- 

 mittee were tentatively adopted, and will be 

 taken up again at a meeting to be held in 

 Roanoke March 10, when a full attendance of 

 the members is expected. The proposed rules 

 are based upon the prevailing conditions of 

 supply, and their acceptance by the foreign 

 buyers will be insisted upon in order that this 

 division of the business may be established 

 upon a definite basis. They were extensively 

 discussed and seemed to meet with unanimous 

 approval. 



Gralloway-Pease to Move to Saginaw 



The Galloway-Pease Company, the well-known 

 wholesale lumber concern of Cincinnati, Ohio, 

 announces that it will remove its general offices 

 to 510 Eddy Building, Saginaw, Mich., to which 

 address all correspondence should be sent after 

 February 20. E. D. Galloway is president of 

 this concern, which handles all kinds of hard- 

 woods and white and yellow pine. The com- 

 pany will be a welcome addition to Saginaw 

 lumber circles. 



Conditions in the Broom Handle Business 



The past few months have shown a greater 

 volume of business among the broom handle 

 manufacturers than any time in recent years. 

 It was thought last fall that the prevailing 

 high prices of broom-corn would effect a mate- 

 rial reduction in the factory output, but quite 

 the reverse has been the case, some concerns 

 reporting as much as a fifty per cent, greater 

 volume of husiness than they ever booked be- 

 fore. One plant in particular, specializing in 

 high-grade brooms, is working three nights a 

 week and is still a couple of weeks behind in 

 its orders. 



Until recent years the brokers practically 

 controlled the broom-corn market and manu- 

 facturers were always quite content to purchase 

 their stock through this medium ; fairly uni- 

 form prices prevailed, the broker getting a 

 legitimate profit but not as a rule heing extor- 

 tionate in his demands. Of late, however, 

 broom concerns have been making their own pur- 

 chases to a constantly increasing extent, and 

 following the competition thus created, prices 

 have shown an upward tendency. Fabulous 

 prices have been realized- in certain instances, 

 by farmers who sold their product to a highly 

 competitive market, and unless this new con- 

 dition of affairs is regulated to a degree, broom 

 prices promise to show a constant advance. 



Annual Box Manufacturers' Association 



The tenth annual meeting of the National 

 Association of Box Manufacturers convened in 

 the Casino at French Lick, Ind.. Feb. 2.3. 1910. 

 There was a large attendance at the opening 

 session, when President Yegge called the meet- 

 ing to order. Secretary E. II. Defebaugh was at 

 his post. The meeting continues for three days, 

 and there is much important legislation in 

 prospect. 



A most entertaining address of welcome was 

 delivered by Col. Thomas Taggart. Wm. Rice 



of Philadelphia responded in an appropriate and 

 interesting manner. 



President Yegge then delivered his annual ad- 

 dress. This was exhaustive in character and 

 touched on all the live issues of the day in 

 the box business. He congratulated the asso- 

 ciation on its increased membership, and on the 

 excellent condition of its finances ; he warned 

 against the substitution of paper packages for 

 the old and reliable wooden ones, urged the use 

 of odd lengths in an effort to decrease to all 

 possible extent the waste of forest products and 

 advocated the adoption of the code of trade 

 ethics. 



The treasurer of the association reported that 

 there was a balance on hand of $3,385, showing 

 the excellent financial condition of the organiza- 

 tion at present. 



Secretary Defebaugh, in his usual happy style, 

 made an address congratulating the members on 

 the friendly relations that obtain among box 

 manufacturers in contradistinction to the war- 

 like attitude they formerly held toward one 

 another. 



Among the prominent hardwood men in at- 

 tendance were R. M. Carrier of Sardis, Miss., 

 and Lewis Doster of Cincinnati, O., respectively 

 president and secretary of the Hardwood Manu- 

 facturers* Association of the LTnited States. 



The first night of the convention the members 

 of the association and their guests were enter- 

 tained by H. H. Gibson, editor Hardwood 

 Record, with a talk on Rough Country Lum- 

 bering illustrated with numerous stereopticon 

 views and moving pictures. 



Secretary Wilson Establishes Record for 

 Service 



On March 7 Secretary Wilson of the Depart- 

 ment of Agriculture will have completed thirteen 

 consecutive years of service in that capacity, a 

 ri'Cord in the ranks of cabinet officers, past and 

 present. 



Secretary Wilson emphatically denies the truth 

 of the rumor that he will shortly retire. He de- 

 clares that he likes the job and that while the 

 pe(»ple like him. which he believes is the case, 

 he sees no reason for not remaining in office 

 indefinitely. 



Mr. Wilson has been active in the interests of 

 forestry and conservation, and has recently been 

 the medium through which representatives of the 

 Forest Service and Interior Department met in 

 consultation, the object being to induce a spirit 

 of harmony between the two departments and in- 

 sure their working together. 



Prominent Cleveland Lumberman Organizes 

 New Concern 



.Tolm II. .Tenks. for many years counected with 

 the Robert II. Jenks Lumber Company of Cleve- 

 land, has organized for a wholesale business the 

 Alpha Lumber Company, with offices in the Will- 

 iamson building, that city. Considering the en- 

 viable reputation which Mr. Jenks holds as a 

 thorough and competent lumberman, the Record 

 confidently predicts that his administration as 

 president will be fruitful of wide and uninter- 

 rupted success. 



Annual Insurance Concerns 



The annual meeting of the directors and stock- 

 holders of the Lumber Insurance Company of 

 New York and the Adirondack Fire Insurance 

 Company, headquarters 84 William street. New 

 i'ork City, was held at the headquarters Feb- 

 ruary 0, with a majority of the stockholders and 

 directors present. Reports received covering the 

 past year showed a satisfactory gain in business 

 as well as resources. These companies are doing 

 a valuable work for the trade in the saving in 

 rates as well as in fair and prompt settlements 

 in the event of losses, and this fact Is best ap- 

 preciated when it is considered that the Lum- 



ber Insurance Company is now enjoying an an- 

 nual premium of $305,000 and the Adirondack 

 company $280,000. The underwriting for these 

 companies is managed by the Lumber Insurers' 

 General Agency, which has branches in all the 

 principal cities and on the coast. 



The following officers were reelected : 



President — G. A. Mitchell. 



Vice-president — W. H. Gratwick. 



Treasurer — Guy White. 



Secretar.v — R. II. McKelvey. 



The following directors were also reelected by 

 the respective companies : 



LrJiEER Insurance Compaxi- of New York. 



DIRECTORS. 



R. H. Albright, Buffalo, N. Y. ; B. W. Arnold, 

 Albany, N. Y. ; S. M. Clement, Buffalo, N. Y. ; 

 W. H. Gratwick. Buffalo. N. Y. ; William Ham- 

 lin. Buffalo. N. Y'. ; Ellas M. Johnson, New York 

 City ; John D. Larkin, Buffalo, N. Y. ; J. J. 

 McKelvey. New Y"ork City ; R. H. McKelvey, New 

 York City; F. W. Mattocks, New York City; G. 

 A. Mitchell, Buffalo, N. Y. ; John Mitchell, Cleve- 

 land, Ohio; Guy H. Moulthrop, Bay City, Mich.; 

 Robert W. Pomeroy, Buffalo, N. Y. ; Clark L. 

 Ring. Saginaw, Mich. ; Dwight J. Turner, 

 Toronto, Ont. ; Guy White, North Tonawanda, 

 N. Y. 



Adirondack Fibe Insurance Company, 

 directors. 



R. K. Albright, Buffalo, N. Y. ; S. M. Clement. 

 Buffalo, N. Y. ; W. G. Frost. New York City ; F. 

 C. Gratwick. Buffalo, N. Y. ; W. H. Gratwick, 

 Buffalo, N. Y. ; William Hamlin, Buffalo, N. Y. ; 

 Ellas M. Johnson, New Y'ork City ; John D. 

 Larkin, Buffalo, N. Y'. ; E. A. Lightner, New 

 York City ; J. J. McKelvey. New York City ; F. 

 W. Mattocks, New York City ; G. A. Mitchell. 

 Buffalo, N. Y. ; John Mitchell, Cleveland, Ohio ; 

 Guy H. Moulthrop, Bay City. Mich. ; Robert W. 

 Pomeroy, Buffalo. N. Y'. ; Guy White. North 

 Tonawanda. N. Y'. 



Financial Siate.ments. 



lumber insurance company of new york. 



Assets and Liabilities. December 31, 1909. 



(New York Report.) 



ASSETS. 



Bank balances $ 41. 155. .39 



Bonds 420.298.13 



.\ccrued interest on bonds 4.747.51 

 Premiums in course of col- 

 lection 71,304.07 



Total assets $537,505.10 



LIABILITIES. 



Reinsurance reserve $190,638.72 



Reserve for taxes 4,.800.00 



Reserve for commissions.. 10.449. 48 



Reported losses 14.445.88 



Due for expense 1.552.53 



Total liabilities $227,886.61 



Surulus to policyholders — 



Capital $200,000.00 



Surplus 109.618.49 



$309,618.49 



$537,505.10 



ADIRONDACK FIRE INSURANCE COMPANY. 



Assets and Liabilities. December 31, 1909. 

 (New York Report.) 



ASSETS. 



Bank balances $ 87.206.65 



Bonds 316.953.83 



Accrued interest on bonds 3.125.00 

 Premiums in course of col- 

 lection 53,683.94 



Total assets $460,969.42 



LIABILITIES. 



Reinsurance reserve $148,469.05 



Reserve for taxes 3.800.00 



Reserve for commissions. . 9,830.93 



Reported losses 13.379.68 



Due for expense 253.03 



Total liabilities $175,732.69 



Surplus to policyholders — 



Capital $200,000.00 



Surplus 85.236.73 



$285,236.73 



$460,969.42 



