Published In the Interest of Hai.r<lwood Lumber, Amerloa.n Ha.rdwood Forests. Wood Veneer Industry. H&rdwood Flooring, 

 HB.rdwood Interior Finish, Wood Cl\emlcai.ls, Sa-wr Mill a.nd Woodvirorklng MaLOhlnery. 



NEW V 



HOTA. 



oak: 



Vol. XXX. 



CHICAGO, JULY 25, 1910. 



No. 7. 



Published on the 1 0th and 25lh of each month by 



THE HARDWOOD COMPANY 



HENRY H. GIBSON, President 



LOUIS L. JACQUES, Sec'y 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. Dedckam, 355 Dearborn St., Chicago 



H. C. Haner, Gayoso Hotel, Memphis, Tenn 



TERMS OF ANNUAL SUBSCRIPTION 

 In the United Stales, Canada, Philippine Islands and Mexico , $2.00 

 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, HI., under act of March 3, 1879. 



Advertising copy must be received five days in advance of 

 publication date. Advertising rates on application. 



Comming Association Meetings 



MICHIGAN HARDWOOD M ANUFACTUBERS ' 

 ASSOCIATION 

 The annual meeting of the Michigan Hardwood Manufac- 

 turers' Association will be held at the Ponchartrain Hotel, 

 Friday, August 5, at 10 a. m. 

 J. C. KNOX, Secretary. C. A. BIGELOW, Pi-esident. 



HOO-HOO ANNUAL. 

 The annual meeting of the Concatenated Order of Hoo- 

 Hoo wiU be held at San Francisco, Cal., September 9-12. 

 J. H. BAIED, Scrivenoter. W. A. HADLEY, 



Snark of the Universe. 



General Market Conditions 



While actual orders do not show much accretion over two weeks 

 ago, there is among the trade an awakening to the fact that prac- 

 tically all varieties of the good end of hardwoods are in short supply, 

 and there are .a great number of inquiries out for stock. 



With the renaissance of furniture buying there certainly is going 

 to be an immediate and healthful trade for aU varieties of lumber 

 entering into furniture construction. 



The interior finish business, owing to continued large building 

 operations, is still in fine form, and this branch of the trade will 

 certainly buy very freely for some time. 



The railroads and large corporations are out with a good many 

 requests for bids, which points to the fact that they are about to place 

 business. 



On the whole the outlook is remarkably bright and there surely is 

 going to be an unusually heavy fall trade in most varieties of hard- 

 woodi. 



The only items that are dragging are the coarse end of stock, 



as the box and crating business is still dull; but with the increase 

 in the general manufacturing industry which promises well all over 

 the country, there will be an increased call for coarse lumber. 



The banks are loaning money only on short time and at advancing 

 rates of interest. Financial institutions generally have their money 

 well in hand and there is no prospect of any financial disturbance of 

 any sort, but borrowers must expect to pay a higher rate of discount 

 than has prevailed for several years, at least until after the crops are 

 moved. 



A good many buyers who have been waiting, anticipating a lower 

 level of hardwood values, have been disappointed. The accretion in 

 price which is bound to transpire with the present situation in short 

 stocks and increased demand, will induce pretty free buying for 

 some time to come, in fact, it will be surprising if there is not an 

 absolute scurrying for a good many items within the next thirty days. 



Fortunately for the situation in hardwoods, there has been no 

 marked diminution in values for the past six months, and the hard- 

 wood trade is to be congratulated on the condition of affairs. 



To epitomize the situation, all varieties of the good end of hard- 

 woods in first hand or held by jobbers are in very short supply, and 

 there is no chance of overloading the market. The demand un- 

 deniably will improve with each succeeding week for months to come 

 and higher values are sure to prevail. 



The War on Advancing Freight Rates 



Shippers of the western and central states in conference in Chi- 

 cago last week put up a strenuous fight against any advance in 

 freight rates. "No compromise with the railroads" was the slogan. 

 Representatives of the eastern shippers who have been inclined to 

 meet the railroads half way in their demands for increased revenue, 

 and who were expected to create a slight note of discord at the con- 

 ference were not present and left the field clear for the unanimous 

 adoption of the following resolutions: 



Whereas, The question of a general advance in freight rates affects alike 

 the welfare of all people and communities ; and 



Whereas, The federal authorities have created a body to adjudicate the 

 reasonableness of all rates ; and 



Whereas, In the opinion of this committee the Interstate Commerce 

 Commission is the only body that can fairly decide the question at issue ; 

 therefore, be it 



Resolved, That this committee camot look favorably on a compromise 

 ^y . I ..■,.,..! tbis committee and the carriers: and be it further 



Resolved, That we proceed to carry out the original plan — viz., a fair 

 adjudication of tbe entire subject by the Interstate Commerce Commis- 

 sion. 



Laverne W. Noyes, president of the Illinois Manufacturers' Asso- 

 ciation, was chairman of the meeting. F. B. Montgomery, traffic 

 manager of the International Harvester Company, was authorized 

 to retain an expert accountant to present their claims before the 

 Interstate Commerce Commission and to assume the entire manage- 

 ment of the argument before that body. 



It was believed by the participants in the conference that a private 

 agreement or compromise would have no lasting effect, and that 

 it was much better to have the entire matter of freight rates adju- 

 dicated by the Interstate Commerce Commission. 



There has been some difference of opinion in the ranks of the 

 Illinois Manufacturers' Association as to the protest against higher 

 rates. At a meeting of this organization held on June 3 resolutions 



