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355 Dearborn Street CHICAGO 



as they were a month ago, there is a satisfactory 

 raovement of lumber, and consumers are order- 

 ing right along. The only difference between 

 Inn situation now and luat a short time ago is 

 Uiat inquiries are not so numerous, and while 

 this suggests that business a few weeks hence 

 vill slow up, it is more than likely that it will 

 be stimulated by an increase in the inquiries 

 for stock, since consumers, it is understood, have 

 been pretty busy all along, and have hesitated 

 to order more stock on account of the fear that 

 business might not hold up at Its present gait. 

 The demand for quartered oak has been well 

 maintained and poplar and plain oak are also 

 selling in volume. The common and lower 

 grades of all items are moving in better shape, 

 and prices are holding up well. Plain oak is 

 considerably stronger. Mahogany is selling fair- 

 ly well, though it is probably not as strong as 

 it should be, but the demand will doubtless pick 

 up with the stimulation of the construction sea- 

 son. Veneers are in fine demand at prices con 

 siderably improved. 



ST. LOUIS 



There is a fairly good demand for the most 

 salable items on the hardwood lumber list. The 

 volume of business is showing up much better 

 than several weeks ago, but it is not rushing, by 

 any means. Both plain and quarter-sawed red 

 and white oak is in good request. Dry stocks 

 are very scarce and command a good price. Pop- 

 l;ir is selling well. Box lumber is in particu- 

 larly good request by the mills. First and second 

 grade and box boards, in cottonwood, are having 

 a nice call. There are plenty of orders for first 

 !ind second red gum. The demand for No. 1 

 common is seasonable. Lower grades in all 

 items are hard to move. Maple is strong and 

 thick ash sells readily. The demand for hickory 

 is also good. 



MIL WAUKEB 



Hardwoods are arriving at the local market 

 j>nd this fact is doing much to increase trade. 

 Dry stocks, especially in birch and oak, were 

 getting deplorably low. Stocks are decidedly 

 light despite the material being received. There 

 seems to be plenty of low-grade stuff, although 

 dealers have been disposing of it freely of late. 

 There is every indication that the season's cut 

 will be larger, a fact which is causing consid- 

 erable satisfaction. Due to the scarcity in some 

 lines, prices in several instances have reached 

 new high marks. Maple, which a year ago 

 was selling at $15 per thousand, is now selling 

 at $20 per thousand and scarce at that. 



The sai.h and door people are placing excellent 

 orders, as they are all low in birch and oak 

 stocks. The building season is now well under 

 way, and while there are predictions being made 

 that the amount of building which will be done 

 will not be equal to that of the past season, 

 there is every indication that business will more 

 than come up to that of the past year. The 

 furniture factories are buying well. The rail- 

 roads are in the market for repair stocks. 



MINNEAPOLIS 



This is rather a quiet season in the wholesale 

 trade, but all the heavy consumers of hardwood 

 report a prosperous business, and will be in the 

 market at the proper season. Shipments con- 

 tinue at a fair rate and the small dry stocks 

 remaining in factory grades are disappearing 

 fast. There has never been such a prospect for 

 hardwood consumption by the sash and door 

 factories, and birch is going to be in tine de- 

 mand. 



Some sales are being made for delivery from 



the new lumber. In fact, some that was sawed 

 in the winter is now being shipped to piece out 

 !he depleted dry stocks. The cut of birch and 

 maple is heavier than it was last year, but the 

 (■Id stock is used up much more closely than 

 it was then. Prices on the new lumber are some- 

 what easier than they have been for a while, 

 but will be considerably higher than they were 

 a year ago. Wholesalers have been paying about 

 ?4 and $5 a thousand more on their contracts, 

 and will therefore start In at a pretty high level 

 for prices. Maple is relatively higher than 

 birch. Oak is quiet, and with fairly tree offer- 

 ings of southern stock, the market has of late 

 displayed a little tendency to weakness. 



The low-grade proposition is still slow. De- 

 mand for culls is better than last fall, and the 

 surplus has been cut down so that prices are a 

 little better, but they are still below the normal. 



SAQINAW VALLEY 



Trade has been exceptionally good In hardwood 

 lumber products and prices have hardened. 

 -Maple firsts and seconds No. 1 common has 

 advanced $2, and the same applies to birch. Dry 

 stocks In all grades of lumber are very short. 

 Beech has brightened up. Everything Is wanted! 

 Basswood and ash are in limited stock, but the 

 market Is strong. A little oak comes here and it 

 is held at .$33 and upward. Large quantities of 

 maple have been sold for delivery which have 

 not yet reached the saw. A lot of hardwood 

 lumber Is being moved off the line of the De- 

 troit & Mackinac and the Michigan Central. 

 Mackinaw division. The outlook for the summer 

 is decidedly optimistic. 



LIVERPOOL 



Trade here has not been very bright during 

 the past fortnight. The volume of business has 

 been disappointing, but prices continue firm and 

 almost everything shows an advancing tendency. 

 The mahogany position is very firm and ail the 

 wood sold at the last sales was cleaned up rap- 

 idly. The market will continue in this condition 

 for some time, and there seems to be no possi- 

 bility of lower prices, at least not until after 

 September. 



The import has been much heavier this month 

 than for some time, but buyers arc still crying 

 for wood. • Hickory continues firm, and there 

 never has been a time at this period of the year 

 when values were so firm and stocks so low. 

 In fact, it is doubtful if such high prices have 

 ever ruled as are prevailing on hickory at the 

 present time. Ash logs are by no means strong: 

 the larger first growth wood is, in fact, rather 

 weak. The smaller second-growth wood, however, is 

 not so bad and is commanding a fairly steady 

 price, considering the large stocks. Ash planks are 

 strong In all departments ; both prime and No, 1 

 common are active at good prices. Especially is 

 this so with the thinner stocks, 4-lnch and up. 

 which command high prices if in a good state of 

 dryness. Birch logs and planks are in fair 

 demand, the former In particular. Wagon oak 

 planks are firm and higher prices are being ob- 

 tained. Three and a half by twelve is the chief 

 size wanted, though all specifications with a good 

 average length are meeting active iaie at present. 

 Coffin oak is also firm and parcels of prime 

 quality are being snapped up. Plain oak boards 

 are not too strong in any of the grades, and 

 the poorer qualities of No. 2 common are very 

 dull. Quartered oak Is In fair demand and 

 several lots have been sold at good prices during 

 the last few days. Maple is off and shippers 

 should not send flooring boards to this port for 

 the present. Canary whitewood U firm, espe- 

 cially the wide stock ; IxlS-lnch and up Is so 

 dear that everyone Is on the lookout for a sub- 

 stitute. The present price Is so high that hardly 

 anyone will put this wood In stock. 



