Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1903-08-19
ON LUMBER INDUSTRY
By Close Observer Of the Market
Conditions Of the Lumber Trade.

d. AtUst UDscE Yet VI tMc M8EAtt
Conditions Of the Lumber Trade.
There Is no doubt IN the world
that the development of the lumber
industry both north and south has
been tremendous during the last
decade. The development is mar
velous, when we look at it as an OBJ
server, but when the situation is
understood, and the reasons are con
sidered, it is readily seen that this
immense development is the NEST
natural thing In the world"
So said Cobb d Co. of this city,
who are, and have been for years,
closely identified with the lumber
industry, from New York state TO
Texas.
Mr. Cobb, of Cobb Il Co. was in
teryiewed few evenings ago in the
lobby of the Henry House, Pitts
burg, Pa. He said:
''In the lumber business every
year seems to be more prosperous
than the preceding, and this will
probably be the most prosperous in
the history of the industry. In
lumber as In every thing else in this
age of commercialism. the tendency
is to combine similar interests. This
results in what is commonly called
monopoly.
'sThe demands of the present age
are such as to neeessitate doing
business in this form, and in my
opinion no time was ever better than
the present for the small operator
to sell out to the large corporations
wherever he finds it pc sible. All
the mills of the country are now
running to their full capacity and
the output is disposed. OF as soon as
soon as it is ready fer market and
very often before. Prices are very
satisfactory, and domestic demand
is very strong. The foreign require
ments are not excessive which is
due to low prices on the other side
and elevated prices in the domestic
market. Notwithstanding these
conditions a large volume of foreign
business is being done.
"There is every assurance that the
fall trade will be very heavy In all
of the main branches of the lumber
industry. Particularly is the true
in yellow pine, cyprus and hard.
woods. The pine and cyprns mark
cts look very favorable at present
and have enjoyed several years of
great prosperity. There is not SO
much activity in hardwood but this
fall we may expect great improve
ment in that department. To prop
erly understand the full meaning of
the prosperity which the yellow pine
timber men OF the south have so
long enjoyed one needs only to look
into the price of stumpage
Climber lands are worth fully five
times as much as they were five
years ago, In many instances. / can
cite You to lands which have recent
~ been sold ON an advance OF eigh
times in six years.
yellow pine is the great staple Ia
lumber now being used throughout
the entire country. Hardwoods
form the bulk of lumber exports
large quantities passing through the
ports of Baltimore and New Orleans
My observations are that the yellow
pine mills have been running full
time. The demand is seemingly
impossible to satisfy with an almost
continual advancing market.
eve as company are actiN ely en-.
gagged in the lumber trade as com
mission dealers which will apply
also to our timber land operations
We have the choicest timber in
yellow pine, poplar and hardwoods,
fully two and a half millions OF acres
to which we can guarantee title and
assure the purchasers that there are
no lands for sale that have hettel
yield or are more easy of access han
ours with the best of railroad IA
cilities. These lands are in West
Virginia, Tennessee, Georgia, Ala
bama and South Carolina.
"On request we will send booklets
giving prospectus of these lands
which will be information sufficient
to justify an investigation on ths
part of intended purchasers. AS al
investment we think that it cannot
be excelled in any department o
industry today"
Very truly,
COBB & Co.