Page Eight
THE EVENING HERALD, KLAMATH FALLS, OREGON
n iiav, iii'i-v , i nun
1 It' '- v" PJ Pf '"Oj ' '
iftn , ' ' ij'i"" imi7T7
v v THE MARKET
. : , . :
From Four Ti Bulletin, July, 1023
' First apparent during the latter;
part of May, the reluctance ot buy-
ers to place lumber ordors In view
of the total cost of completed build-
Ings has become more evident, and
as a result the first weak market
for tan months la now faclnE the
lumber , Industry. ;
... Farmers Expected To Buy
' The general . outlook is for de
creased business from the city yards
during the balance of 1923, but
- oh the other hand a considerable
volume of country yard business Is
not only confidently expected, but
Ib even beginning to' make itself
felt. The big line-yard companies
or. ins", miauio west nave . piaoeu
only. "(111-lnv orders in general for
many -months ; past -and with, the
exception of, a , few ; districts yard
stocks are low. , There Is ! every
prospect for fair crops at least and
the general Impression throughout
the middle west is that , the lumber
trade with the farmers" and tha
small towns will be heavier during
the next three or four months than
, for a long time past. A- large part
of this business will be mixed cars,
calling for everything from . soup
to nuts but such business gives
the; mills a very good average price
and stabilizes the dimension . mar
ket more than any other class of
trade. ";";. : "''''.-;,., r .
.;- Today's market is weaker on
slash grain uppers than 611 any
other stock, as many of the mills
are still oversold on vertical graiu
Items, There have been sufficient
orders on ' the mill books to sus
; tain the market on slash grain car
material, although some concessions
have been notedij i Ordinarily some
volume of railroad business Is placed
soon after the new appropriations
are. available immediately, after
July 1,- and there seems little doubt
of a very considerable .amount of
) car material business during ; the
next - few months. ' ;'.,-
Small Mills Doing Well
One or two" eastern Toadg have
: come Into the market for ties, but
the bulk of this business has gone
to the smaller mills whose prices
continue to be sustained better on
the avorage than the' larger mills.
As previously observed, the. Bmaller
. mills have done very well this year,
and If there Is enough plank and
tie business to tide them over until
the fall trade, they ; should round
out an exceptionally profitable year
on the whole.
. . Japanese Finances Shaky
The New York market is no lon
' ger glutted with cargo shlpmencs
; being offered for. sale, and while
this business has proved exception
ally hazardous from a financial
standpoint, yet the movement of
west coast fir and hemlock via
steamer through the canal to At
lantic coast ports will probably con
HmiA - In fnli volume during tne
. year. ' Some export tie orders have
; been placed In the way of off-shore
business ;' at satisf actry prices, , but
with' the :. excerption -of Australia
there is . no special key , market In
the cargo trade, Japanese firms
are willing to buy lumber on spec
ulation . whenever they can obtain
the credit at their banks, but the
r general financial condition In. Jap
an does not encourage . heavy' spec
ulative; purchases. The first shlp-
, ment of Port Orford cedar loaded
direct at point of origin Is on Its
way to Japan. ,'. .
' '.' Factories Expected To Buy
i Spruce factory stocks have been
affected " by declining prices In
white pine and this market has
been unusually soft. There are in
dications that the Mississippi river
factories are about to resume pur
chases of both pine and spruce, and
It: this Is oontlnued the spruce mar
ket will undoubtedly again stand
. on Its usual firm footing.
It continues to be an oft year for
the oedar shingle Industry, although
the history of shingle prices shows
that early June usually records a
low water mark for each year, The
1 shingle manufacturers are up
against consistent national publicity,
and Intensive Bales work to pro
mole patent roofing, and as matters
stand they are getting little more
. than the '.oft-over business which
the '.patent roofing people neglect
to pick up.. . ;; ;;.r '.'.-'' r
V' UulUliiig Cost Too High"'
Broadly speaking, . the lumber
market Is simply going through one
of Its recurren t cycles ; of price
swing, ' Whether the average prloes
obtainable in April and early in
. May can 'be secured at' any time
during the .balance of ' the year or
not, the fact remains .that the out
look for the average price for 1023
should show the mills ut least a
talr profiti Tim boom in city build-
Jink apparent, earlier, jii tha year ha-
been deliberately . pressed flat by
he banks, who saw the cost
completed structures, rising .close to
the danger lino. This situation can
i hardly change vuntll the price of
j all building materials Is reduced
and labor Is willing to wort for
straight time :Ja.y ' rather:: than on a
i bonus basis for. every Job. Com-
pared with other basic Industries,
the lumber Industry will apparent
ly stand as weir during the second
I
half of 1923 as all but the strong
est of the big lines of business.
ARTIFICIAL LUMBER
GIVES PROMISE OF
STRUCTURAL UTILITY
WASHINGTON, July 3. Experi
ments in the making of "artificial"
lumber are arousing increasing In
terest among government officials
and leaders in the lumber Industry.
. Although none of the product has
been markeled, officials of the Na
tional Lumber Manufacturers as
soclation declare that tests already
made 1 pf ' a synthetic ' composition
produced . by Minnesota lumber In
terests show it possesses many
qualities making it available for
structural purposes, '
The experiments are based on
somewhat the same principle as
that 'employed in the manufacture
of paper from wood pulp. In the
process not only the. trunks and
branches of young trees, but the
leaves and smaller parts as w'ell
are ground up and mixed with other
substances, virtually . ' eliminating
waste.-. - The. resulting compound Is
capable of being moulded into sizes
and shapes of almost any descrip
tion needed. In building,
i Officials of the Lumber Manu
facturers'' association declare that
if a -'practical method of this sort
can be perfected, ' the result may
be to revolutionize the entire lum
ber Industry. ; Aside fronl utilizing
the present great waste In convert
ing trees into usable lumber, they
say, it presents a solution to the
manufacturer's .problem of finding
sufficient material in the country's
rapidly diminishing timber re
sources.'; '."'-'
. From, the time the standing tree
1b turned by the sawmill into planks
and boards and applied in construc
tion,, from 60 to 65 per ..cent has
been wasted, This includes stumps,
chips, bark and branches, plank
and : log trimmings and a huge
amount of sawdust.- The new
methods will use all of this.
Already 760, 000 have been spent
In experimental work In this di
rection by the Weyerhaeuser lum
ber interests in - Minnesota. Their
experiments are said to have been
undertaken largely because one of
the chief obstacles encountered by
lumber manufacturers Is the com
petition ot paper . manufacturers,
who can use young trees unsuitable
for lumber purposes. This is es
pecially Important in . the lake
states, where pulp mills so , com
pete with sawmills as to make It
practically oertain that very' Jlttlo
saw timber will be grown com
mercially under present conditions.
Timber owners find that In from
16 to 20 years they can grow crops
of spruce that will be suitable for
the pulp and paper mills, whereas
it would take from 60 to 100 years
to grow a crop that would meet
&
The best way to tell your friends back home about the wonders of
Klamath County and this great inland basin is to mail them a copy of the
24-page special Rodeo Edition of The Herald, which is just off the press.
It is printed in colors and tells of the resources of tins ccction, and inci
dentally tells of this great Rode'o Celebration, i . '
Copies wrapped and mailed by. The Herald for Ten Cents each.
Bring or mail your orders to this office at 119 Eighth Street. There,
are but a few copies of this edition Ie ft and first come first served is the '
order. ' ." . . ' . '' "
'he . requirements' of,, the ; lumber
man.:;"' ' ' ;' ,.'
'According, to tins nniuufuctureiV
issocinliou, testa have s'.iown I ho.
artificial lumber, to have 11 ..satis
factory tmmilu RtrciigUi and to In'
capable of . being ; sawed, planed
and nailed, sq;. that. ...the . product
acks onlyv.lha charm of', the grain
it'uets of natural wood,' ; Officials
of the forestry vsorvice,' . while de
claring they had not yet been as
sured the strength of tho artificial
boards equals, that of tho natural
ones, believe . theyr would bo useful
for many pu'rposos. :' One of their
strong points it is said at. the-for-1 foreign, policy,), international finanri
astry service, is; their water proof clal hetp 'to peoples' suffering from
?
' Before leaving town
bargains in
Work S
at the .
Jack Frost
Stoe Shop
I , ns so. Sixth st . '. &fW!& '
I Shoe' Repairing : Work Shoes ., 'iLg' ' '
' ' ' family '
Shoe Repairing
Of course you know the cool healthful'
ness of sShredded Wheat Biscuit for your
luncheons -light, wholesome, and tasteful,
cramfull of nourishment; delicious with
cream and berries or fruit. .
At home, too, where mid'day comfort is
so essential now, it can be made ready in a
moment, with many pleasing changes of the
fruits in season. See how your family will
appreciate your suggestion of. Shredded
Wheat Biscuit for a cool, comfortable and
satisfying luncheon for themselves!
Strawberries and
Shredded
- ; .'.C ''.- ' , , '. ':"'"'. ': ' , . : ""'"''' !
dualities and insulation ugu'lnst heat
anil cold. -. ' .'.''' - .
m ' y
IXTMIIIMi: I. IA3I MXTAiiV I'XIOX
W'W.I. MKKT IN '4,ri.:MI.(i.X
' ' :
COPKN'HAOKN, '.' Jtily 3. 'T h e
Inturparlianehiary' 'Union will hold
its iwenty-tli'st'iueelins'lir this city
August t 5t1 T.'.'fi '' -:'- . ' U
The union was formed In 1889 by
French and English nurliumonuiu
ians, and it now reprosenia' 30 coun
tries. .. Among tho subjects to be diss
cussed .this summer are economy and
finance, parliamentary control oye'r
, Light
drinks.
X
see those
. .. .. .
es
ho
disaster, mandates over, colonies nnd
disarmament. s :
Tli0 proceedings will he lnibllu and
will bo conducted In throe lunguagos,
ICngllsli, French and Clorman. '
lunches, lco cream and soft
The Sweet Shop. . 2-5 -
Serviced
tinnM.
New
YOU will yfeoi comfortable)
during your mealtime at
this restaurant and you'll
' feel satisfied after a delic
ious dessert has lulled your
' appetite to rest. Wo serve
politely and ! with' know
ledge. Get acquainted with our
"Bill O Fare"-
CLUB CAFE.
1315
12n So. Sixth St,
Welcome Visitors
We W elcome You
to The Big Rodeo
Make this store your headquarters
while'in town
Step in and look over our big show
ing of JClothing, Shoes'and Furnishings
Rodeo Hats,
Shirts and Mufflers
'; " ' ' ' ' i-.. '! " ' ''. . ' ' I
Step in and Say Hello-Let 'er Buck
K. K. K. Store
, LEADING CLOTHIERS
'. ,: '. . .. ;... ' " ,"
, . OUR SUMMER HATS
Doreloped in, all (lid iiuiNt cleshalile inalerliilH ami eomliina-
jiihI nimlfi nuiwelnllv fin- iih hv 'line of the verv best . 1
Voi'h houses .Are iiuirvtdN if value. w
' AUTOMOBILE OWNERS
' KBBI VOl'U CAIv LOOKIXG I.IUH NEW!
KLAMATH AUTOMOBILE LAUNDRY
W..HIIIN. I'OMSIIINO AM) HlMONI'IVa A HPKCIALTx"
Cms called for and dellvci'ed. .
Main St.
O110 block beyond White Pelican Hotel
SP10CIAI, HATK8 FOR CONTRACT WORK
1
Phone 692
-.vv,)W7;