flfflMwoi RocoM 



Published Irx the Interest of HaLrd\vood Lurrvber, AmericOLii Hivrdwood Forests, Wood Veneer Industry. Hai.rdwood Flooring, 

 Ha.rdvt'ood Interior Finish, Wood CKemlcBLls, Sa^w Mill aLnd Woodworking MsLchlnery, 



NE 

 JO" 



Vol. XXIX. 



CHICAGO, MARCH 10, 1910. 



No. 10. 



Published on the lOlh and 25lh of each month by 



THE HARDWOOD COMPANY 



HENRY H. GIBSON", President 



LOUIS L. JACQUES, Scc'y and Tieas. 



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



Telephones Harrison 8086-8087-8088 



Eastern Territory - 

 Northern Territory 

 Southern Territory - 



REPRESENTATIVES 



Jacob Holtzman, 5354 Larchwood Ave., Philadelphia, Pa. 

 C. i\ Dedekam, 355 Dearborn St., Chicaeo 

 E. W. Meeker. .155 Dearborn St.. Chicago 



TERMS OF ANNUAL SUBSCRIPTION 

 In the United Slates, Canada, Philippine Islands and Mexico . $2.03 



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 Postoflice 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 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. 



NATIONAL HARDWOOD LUMBER ASSOCIATION. 



The next annual meeting of this organization will be held 

 at the Seelljach Hotel, Louisville, Ky.. Thursday and Friday, 

 June 9 and 10, 1910 



F. F. FISH, Secretary. O. O. AGLER, President. 



General Market Conditions 



With inijiroved weather conilitions the countr}- over there is a 

 manifest revival in hardwood business affairs. Bu.ying is ma- 

 teriallv strengthening in .^11 sections and producers are not as 

 critical about "quality'' as during recent months. 



The shortage of a good manj' items of stock, notably in the good 

 end of oak, poplar, Cottonwood and gum, is inducing purchases in 

 lower grades to bo substituted for the former higher qualities 

 employed. 



Undeniably there is very little dry stock of the higher grades of 

 nearly all the standard varieties of hardwoods in tirst hands. 



Firsts and seconds oak in white and red, both ])lain and quarter- 

 sawed, are having about their own way when prices are consid 

 ered, as there are light stocks in the hands of both manufacturers 

 and jobbers. 



It seems to be almost a runaway race in values on |iaiiel i»i|i!ar, 



and firsts ami seconds are following very closely. 



Basswood and buckeye are not m as stroiig request, but the 

 trade seems to be improving in both these woods. 



The condition of black walnut and cherry is normal. There is 

 I'uly a moderate stock and an equally moderate demand. 



The situation in hickory is featureless. Prices have not reaidieil 

 a high stage. 



The gray elm of tlie North is in active request, with the soft 

 elm of the South in only moderate demand. The rock elm of the 

 North seems to be dragging very materially owing to the substitu- 

 tion of other woods for the standard purjwses for which this ma- 

 terial has formerly been employed. 



Both northern and southern beech is doing a little better, but 

 still the wood is sold at very close to manufacturing cost, which 

 leaves little or nothing for stumpage value. 



The birch of the North is in continued active request and there 

 is very little of the better qualities on the market. 



The demand for hard maple of the North in all thicknesses up to 

 six inches is beyond the ability of manufacturers to supply. Soft 

 maple of both the North and South is in fair demand, but still 

 has not reached an altitude of value that makes its manufacture 

 materially profitable. 



Firsts and seconds chestnut being only in limited supply is in 

 active demand at eastern points, prices ranging well up towards 

 that of oak. Sound wormy and the lower grades is in increased 

 demand, but still there is a considerable stock yet in first hands. 



Plain inch white oak is showing close to $50 a thousand f. o. b. 

 i.iiiio river and No. 1 common is ranging close to .$32 at the same 

 shipping points. Plain red has about the same range of values. 



One inch quartered white oak is being listed as high as $84 at 

 (Jhio river points, and quartered red at $62, but there is little of 

 either to be had. 



rhe ash situation is not particularly promising. Substitution has 

 taken place for this wood to a point where it is not moving with 

 any great freedom. This is true of the white ash of the South and 

 the black ash of the North. 



( 'ottonwood in panel and wide No. 1 box boards, and firsts and 

 seconds, is in good demand, and there is a very limited stock. There 

 is considerable No. ], No. 2 and No. 3 common still in the hands of 

 the manufacturer, but not in excess of prospective requirements. 



The transfer of the affections of the furniture and interior finish 

 trade to red gum has well nigh exhausted strictly red in first 

 hands, but there is yet a considerable surplus of sap. No. 1 and 

 No. 2. 



t.'ypress is doing better than it has in years, and it is especially 

 strong in firsts and seconds and selects. 



Evidently, largely owing to the low range of values, there is a 

 good and increasing call for dimension stock of all sorts, but 

 notably in oak table and chair material. There is also an increased 

 call for oak car material and for vehicle and implement stock for 

 both oak and hickor3'. 



There is no notable change in either the price or demand of any 

 variety of mahogany. The trade in this wood moves along about 

 as usu.al, with perhaps a slight increase in prospective demand. 



