HARDWOOD RECORD 



63 



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Sales ortices in all large cities 



shipments continue to be made on a basis which 

 shows an increase over the corresponding period 

 of last year. Practically all orders being re- 

 ceived are for immediate shipment, however, and 

 the fact that little business Is on the books for 

 future delivery naturally causes lumbermen to 

 feel that the marl<et is not firm enough. In 

 spite of this, however, prices are as good as 

 could be asked, and the business that Is being 

 done is handled on the same price basis that 

 has been in effect all year. Probably the only 

 real exception to this rule is quartered oak, 

 which is conceded to be weaker. Provided that 

 politics does not interfere seriously, it is be- 

 lieved that the lumbermen will have a line tinal 

 quarter. Plain oak and poplar are in good de- 

 mand, and mahogany is in much better shape. 

 Veneers are selling well, though at unsatisfac- 

 tory prices. Dimension stock is in good demand. 



MINNEAPOLIS 



NASHVILLE 



A much better tone is noted in the local 

 market. More and better orders are reported 

 and lumbermen say it is a murn of regular 

 fall business. 



White oak, plain, is the leading seller in 

 the market, and it is higher than it has ever 

 been. Nashville is a big consuming market 

 tor the lower grades, and as it is never any 

 trouble to sell the better grades this variety 

 is moving quite briskly. Poplar is in good 

 demand. Red oak is not show^ing anything 

 like the activity displayed by white oak. 

 Chestnut is in big demand. Much of it is used 

 for the interior finishing of medium-priced 

 houses. Hickory is moving well. Ash is 

 quoted as a bit slow. 



ST. LOUIS 



No material change is noted in the hardwood 

 situation. There is a fair demand, but it is not 

 up to expectations. The demand is mainly for 

 plain oak In the better grades, red gum in first 

 and second No. 1 common grades and quartered 

 oak. Considerably quartered stock is being pur- 

 chased by the furniture people. There is also a 

 fair call for thick ash and poplar in the better 

 grades. The wide poplar demand has fallen 

 off somewhat. The cypress situation is irregular. 

 There are spurts of good business and then 

 trade is quiet. The amount of business done, 

 however, is seasonable and satisfactory to an 

 extent. Prices are steady. 



MILWAUKEE 



Considerable improvement has taken place in 

 the local hardwood trade during the past two 

 weeks, although lumbermen are hardly satisfied 

 with present conditions. Several well-known 

 hardwood dealers believe that the unsettled con- 

 dition of the automobile industry is doing much 

 to depress conditions in the hardwood market. 

 Automobile concerns which have been purchasing 

 four and five cars each month are now buying 

 only one. One large local plant, manufacturer 

 of automobile parts, which has been placing 

 orders for .$400 and $500 worth of hardwood 

 each month, is now out of the market entirely. 



While the sash and door plants are demanding 

 slightly more lumber, they are Inclined to buy 

 In small lots. Concerns which have been in the 

 habit of buying several carloads at a time are 

 now buying by the wagon-load in many instances. 

 Dealers are looking for plenty of improvement 

 from this source, however. 



One of the brightest features of the situation 

 is the fact that retail dealers about the state 

 are placing larger orders. Considerable fall 

 building is going on in the .smaller cities and 

 towns of the state. Local building operations are 

 showing some improvement. Prices are holding 

 fairly tirm, especially in the northern hardwoods. 

 Upper stocks, basswood, birch and maple are 

 tiolding strong. The oaks are in good demand. 



There is very little change in the situation 

 here and the demand is not much better than it 

 was in the summer. The usual increased move- 

 ment at this season has not materialized to any 

 extent. Wholesalers say, when it comes right 

 down to discussing the actual situation, that 

 buyers everywhere are too conservative. They 

 attribute much of the feeling to the caution that 

 develops in business circles during a campaign. 

 However it may be, the movement is light and 

 without any special feature. The conservatism 

 of the railroads is responsible to a large extent 

 for the conditions. The railroad purchasing 

 agents all say that the opposition to increased 

 rates is compelling their companies to retrench 

 and avoid new expense. 



Wholesalers here say that southern dealers are 

 asking more for plain oak than it can be sold 

 for in this market, allowing for freight. Quota- 

 tions that have been received are on a basis of 

 ?54 to $35 delivered here, while the northern 

 market ranges from $50 to $52 for the same 

 .stock. As the southern men seem to be getting 

 the price somewhere, it is thought that prices 

 here will have to come up. Birch and maple 

 continue very strong here as to the upper grades. 

 The low grades are no better in price, but some 

 increase is reported in demand. Basswood is 

 slow and weak in all the grades. Plans are on 

 foot for the coming winter's cut, and owing to 

 the market condition now it is unlikely that any 

 increased production will be planned by Wiscon- 

 sin and Minnesota operators. 



LIVERPOOL 



Trade conditions here are poor, but prices keep 

 wonderfully firm. The various labor troubles 

 are very upsetting to trade and everybody is 

 grumbling. Mahogany is now coming in freely 

 and five large cargoes were on the quay for the 

 sales on Oct. 5 and 6. Lower prices are consid- 

 ered tolerably certain, as no one will pay these 

 enhanced values, everyone fearing a big drop. 

 The position is undoubtedly much weaker than 

 has been the case for many months and everyone 

 is anxious to sell as soon as possible. The high 

 prices are quite obviously artificial and are not 

 on such a basis as could inspire confidence in 

 their being maintained. In fact, only a few 

 interested persons at this port could be led to 

 argue that these high prices were likely to be 

 the ruling basis for long. It is anticipated that 

 values will return to a more natural position, 

 which will be much appreciated by the trade 

 generally because high prices denote a healthy 

 condition to the vast majority. Those who fol- 

 lowed our advice of a few weeks back and held 

 off buying will now have some reward for fol- 

 lowing our advice. 



Hickory logs continue a big feature and prices 

 are ruling high. Prime stock Is badly wanted 

 and high prices will be paid for really choice 

 shipments. Ash logs are also a good point. 

 Offerings of second growth wood are being 

 snapped up quickly, though too much confidence 

 should not be placed In the future. Shippers 

 would be wiser to turn their attention to first 

 growth shipments, and good prices here will be 

 obtained for good textured wood. Birch and 

 maple stocks are both firm and higher prices 

 have to be noted, for the latter particularly. 

 Ash lumber is in great demand, especially for 

 the thicker stocks, and both prime and No. 1 

 common grades in all thicknesses are being sold 

 as fast as they come in. Ash logs are good 

 though not quite so firm as previously this year. 

 Ash lumber IH-inch thick and upwards is find- 

 ing a ready sale, but the thinnest lines are not 

 in favor. Canary whitewood (poplar) lumber 

 is going well, particularly in the wider lines, but 

 all the various sizes are scarce and are moving 

 quickly as soon as they arrive. 



