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CINCINNATI 



It is current comment that, while the frosts 

 of April did not do any serious damage to the 

 lumber business, it still had the effect of pro- 

 ducing a feeling of dissatisfaction, which has 

 been somewhat mollified within the past week, 

 and the advent of the month of May has brought 

 about a cheerful spirit of optimism. The hard- 

 wood market does not display the activity that 

 seems to be expected, though there Is a some- 

 what more encouraging tone to the mails. While 

 the movement of low-grade lumber is not en- 

 tirely satisfactory, there is a feeling that the 

 Immediate future will show more favorable con- 

 ditions. 



l"he furniture-making industry remains very 

 unsatisfactory, the orders received being far 

 short of what was anticipated for this season 

 of the year. The general complaint among fur- 

 niture manufacturers is that the prices received 

 are entirely too low. Manufacturers of desks 

 and office tables have all the business they can 

 properly care for, but the prices received, owing 

 to the advances in raw material, are extremely 

 unsatisfactory. Late advices from eastern manu- 

 facturers in this line are to the effect that an 

 advance of 10 per cent has been made, and it 

 is likely that this advance will be made general. 

 A feature of the desk manufacturing business 

 is the steadily increasing use of red gum in their 

 construction. 



Cooperage industry continues very strong, all 

 plants working full, with a strong demand for 

 bourbon barrels and other tight packages. If 

 box-making can be taken as an industry which 

 indicates the general trade conditions, then busi- 

 ness must be very good. There is a very heavy 

 demand for merchandise cases of all classes. 

 However, box manufacturers claim that though 

 they are very busy, the conditions are unsat- 

 isfactory. 



TOLEDO 



Oak continues a leader in the local hardwood 

 market. Plain oak is especially active and is 

 selling readily at very stiff prices. There is 

 also a good live demand for quarter-sawed oak 

 at top-notch prices. The supply is not abun- 

 dant, although local stocks are in good working 

 order and assortments are good. The building 

 trade is furnishing an exceptional market this 

 season. The better grades of birch are still at 

 a premium, and wide poplar is scarce and mov- 

 ing at fancy prices. Cheap grade poplar is plen- 

 tiful and all kinds of prices prevail. Basswood 

 is a ready seller at satisfactory figures, but box 

 materials are reported more quiet with plentiful 

 supplies. Maple still holds strong, and the sup- 

 pl.V is not large. Factories are consuming nor- 

 mal quantities of hickory, chestnut, ash and elm, 

 all of which are holding up in value. Dealers 

 say that the present tendency on all the better 

 grades of hardwood is decidedly upward, al- 

 though no changes in quotations have been noted 

 lor some days. The entire market Is in a pros- 

 perous condition with the exception of off-grade 

 poplar. Railways have caught up with their 

 business and are now handling lumber with un- 

 usual promptness. Dealers are still buying 

 when opportunity presents itself, and evidently 

 anticipate no considerable dropping off of hard- 

 wood demand lor some time. 



that the market is possibly a bit steadier than 

 it was a short time ago. 



Indications are that business will continue un- 

 der the present excellent conditions for some 

 time to come. This is seemingly assured by the 

 phenomenal amount of building calling for great 

 quantities of interior hardwood finish and to 

 the large demand from manufacturing plants us- 

 ing hardwoods. 



INDIANAPOLIS 



MEMPHIS 



The demand for hardwood lumber is somewhat 

 less active than it was a short time ago. Con- 

 ditions may be described as somewhat irregular: 

 but there has been no disposition on the part of 

 manufacturers or wholesalers to shade prices 

 in the least. The opinion prevails that there 

 will be demand enough to take up all the lumber 

 offered in this territory at full prices and there 

 is no accumulation of lumber heavy enough to 

 make it incumbent upon those who are carrying 

 it to reduce their prices in order to effect sales. 

 High-grade stock is particularly firm in prac- 

 tically all directions. Low-grade stock is held 

 at prices which have recently prevailed, and in 

 one or two cases values are slightly firmer. 



There is a satlsfctory demand for plain and 

 quartered oak in No. 1 Common and higher and 

 prices are exceptionally firm. There is not much 

 demand for No. 2 Common, though there is some 

 sale therefor. The position of red gum is decided- 

 ly strong. Firsts and seconds and No. 1 Common 

 are in particularly active request and prices are 

 satisfactory. The supply is limited. There is a 

 fairly good demand for firsts and seconds sap, 

 but the call for this is not as good as for the 

 similar grades of red. Some members of the 

 trade say that they are doing a very good busi- 

 ness in low-grade gum but as a rule complaints 

 are heard regarding the slow sale of this class 

 of stock with the exception of No. 1 Common 

 red. Cypress is in good demand in all grades 

 with the exception of No i and 2 Common. A 

 moderately active demand Is reported for the 

 upper grades of Cottonwood, but the lower are 

 still relatively slow. Box business is fairly 

 satisfactory but it is by no means rushing. 

 Export business is of about the same proportions 

 as a short time ago. Considerable oak and gum 

 are being exported from this territory and as a 

 rule prices are reasonably good. 



There has been no appreciable change In the 

 local hardwood market during the last fortnight. 

 Business is good, orders being plentiful, prices 

 steady and the movement of shipments very 

 satisfactory. If any change Is to be noted, it is 



NASHVILLE 



A good, stiff demand for all desirable lum- 

 ber is reported by the local lumber dealers and 

 activity is noted in most all the grades of hard- 

 woods, even the lower grades seem to hold their 

 own and to be moving fairly well. Prices are report- 

 ed firm. Oak and wide poplar are still the leaders 

 for the local market. Beech, ash and maple are re- 

 ported active, with chestnut strengthening. The 

 cypress market looks encouraging. Heavy receipts 

 of logs has been a feature of the local situa- 

 tion for the past few weeks on account of the 

 excellent tide In the river. The Cumberland 

 is reported full of logs all the way to the head, 

 awaiting delivery here, and already thousands 

 of logs have reached this market. Dealers state 

 that the recent cold spell, concerning which so 

 much apprehension was felt all over the country, 

 has not affected the lumber business. A num- 

 ber of the country mills stopped for a few days 

 during the coldest part of the recent unseason- 

 able weather, thus creating a slight reduction 

 in the output, perhaps, for a little while, but 

 they are running again as usual. 



LOUISVILLE 



The demand for hardwoods has slackened up a 

 trifle, business conditions generally Indicating 

 that the situation is hardly as firm as It was a 



