Published lr\ the Interest of Ha..rd\vood Lumber, Ame'icB.n HaLrdwood Forests, Wood Veneer Industry, H&rdwood Flooring. 

 HaLrdwood Interior Flrvlsh, Wood ChvemlcBLls, Sa^w Mill aLnd Woodworking Ma.chlrtery. 



LIBt 



NEW 

 BOTA 



Vol. XXIX. 



CHICAGO, APRIL 10, 1910. 



No. 12. 



Published on the lOlh and 25lh of each month by 



THE HARDWOOD COMPANY 



HENRY H. GIB-ON, Prcsidenl 



LoL'IS L. JACQUrS, Scc'j and Treas. 



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

 Telephones Harrison 8086-8087-8088 



Eastern Territory - 

 Northern Territory 

 Southern Territory ■ 



REPRESENTATIVES 



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

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

 E. W. Meeker. .>55 Dearborn St., Chicago 



TERMS OF ANNUAL SUBSCRIPTION 

 In ihe United Stales, Canada, Philippine Islands and Mexico . $2.00 



In all other countries in Universal Postal Union .... 3.00 



Suhscriptions 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 PostofBce at Chi- 

 cago. 111., 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 LUMBEE 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. 



MICHIGAN HARDWOOD MANUFACTURERS' 

 ASSOCIATION, 



The spring meeting of this organization will be held at 

 the Ponchartrain Hotel, Detroit, on Thursday, May 5. 

 J. C, KNOX, Secretary C. A. BIGELOW, President. 



NATIONAL HARDWOOD LUMBER ASSOCIATION. 



The next annual meeting of this organization will be held 

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

 June 9 and 10, 1910. 



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



General Market Conditions 



In the aggregate the hardwood trade tlif i-ountry over is from fair 

 to good. There is an absolute paucity of firsts and seconds of nearly 

 all varieties of hardwoods, and No. 1 Common is fast approaching 

 the same situation. There is still a small surplus of No. 2 and No. 3, 

 but buyers are taking on these coarser grades in default of their 

 ability to get better lumber. 



AVhile there is a good deal of hardwood being made at the pres- 

 ent time, there is no prospect of enough being produced to warrant 

 an assumption that there will be such an overstock as to cause a 

 break in prices. 



The advancing values of stumpage and increased manufacturing 

 cost are resulting in a smaller percentage of profit in hardwood man- 

 ufacture today than ever before in the history of the trade, and 



the average man is not keen to plunge in the way of a large output. 



The export trade is in the "dumps," and stocks on the other side 

 of the water are gradually diminishing. The foreign buyer contends 

 that prices are too high. This simply means that he has been edu- 

 cated on a low plane of values and is now not willing to pay a just 

 and legitimate price for actual value. 



The veneer and panel people are all busy, but are getting a very 

 low scale of values for their product, which must be materially in- 

 creased before there will be much profit in veneer and panel making. 



The hardwood flooring factories are fairly busy, and are working 

 on a basis which brings a reasonable profit on their business. This 

 result has come about by co-operation between manufacturers and a 

 thorough analysis of lumber and manufacturing cost. 



The door and interior trim people are moderately active, and cur- 

 rent prices are showing them a fair profit on transactions. 



Every^ hardwood manufacturing region is being visited by hordes 

 of buyers seeking high-class stock. Manufacturers generally are op- 

 timistic on the future of values and are not willing to make any con- 

 cessions in prices to effect sales. More money is being spent today 

 in bujTing lumber than there is in selling it. 



The outlook for future good prices and a steady trade is excellent. 



The Gibson Tally Book 



The Gibson Tally Book, recently put on the market by Hardwood 

 Eecop.d, is meeting viith the approval of hardwood manufacturers, 

 jobbers and the wholesale consumers of hardwoods, as is evidenced by 

 the numerous orders received. The advertisement of this unique de- 

 vice will be found on page 49 of this issue, to which attention is 

 particularly directed. 



The making of three original tall}- tickets for every car of lumber 

 shipped or received seems to appeal to the average man interested in 

 hardwoods. In the case of manufacturers, it enables the inspector 

 to retain one of the tickets, anu deliver two to the sales ofiice. one 

 to be held for record and the othe. to. be attached to the invoice. 

 The majority of complaints incident tu shortage in lumber are di- 

 rectly traceable to mistakes in tally extensions, and the use of the 

 Gibson Tally Book minimizes the possibility of these errors, and en- 

 ables all parties in interest to readily locate them. Again, their use 

 prevents the unscrupulous from raising measurements. When every 

 buyer insists upon having the original tally attached to his invoice it 

 will be a long step toward commercial integrity in lumber affairs. 



The tally ticket covers are light and portable, and can readily be 

 carried in the outer or inside coat pocket. The triplicate tickets have 

 no loose carbons to blow about in the wind, as the backs are carboned. 



Aside from the small profit involved in the manufacture of these 

 tickets, the Record is much interested in seeing them universally 

 adopted by lumber manufacturers, merchants and those who buy 

 lumber in carload lots, as they make for uniformity and system in 

 liunber measurement. 



Chief Furniture Manufacturing Center 



William E. Curtis, the famous traveler, statistician and voluidiuous 

 writer on a myriad of subjects, occasionally has palmed off on him 

 sundry alleged "facts and figures" that actual facts will not war- 

 rant. In the Chicago Record-Herald of April 3, Mr. Curtis states 



