The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1906-01-03
PRICE OF LUMBER HIGH
Ihe lpsEs Impssss tsme si ihs tat si
4 leas peWs>s,ea.

rbr year auw dr#wn to = CLOSE
was phenomenal from almost eyury
sisadpoins with reference to indus
ltial matters. and II can be safely sata
that ia the general summing up of
conditions there is uoi an industry
ia the United States that has MOI
pFospefcd aud enioyed a fair degree
of prosperity
Particularly Is this trup of The lum-
BIER industry, which represents mil
lions Of dollars Of capital Invested In
The United States and gives employ
ment 10 vast army - pcople every
day In the year
The present price of lumber IS
aigher than ever before known at
this time OF year so lumber people
who are in position TO know state.
and ii is probable that during the
coming year prices will go still high
Ter. especially for building material
and for stuff 10 be used In car build
ing and car repairing from the sim
pie fact that the demand for such
stuff is very great. and there is at
present on the order books OF the
keep many of the mills running nine
" days, IL not another order was re-
ceiyed
Lumber commenced going up
gradually in July, 1901, and has
been in the ascending scale ever
since There has not been a single
day since that time when there was
the least indication of a drop in mar
ket prices
This upward impulse in the lumber
market came at the end of a long
period of depression in that particu-
lar industry. during which hundreds
OF small mill men and many large
ones were forced into bankruptcy,
or also obliged to elise down because
there was no demand for their stuff
't' "hs pil'e, anu IL IL d ldcl lldl men
who owned large lots of lumber ac-
tually travelled over various sections
of the West trying to find buyers.
In many places the wages of the
| employees were cut and mills were
| either closed as stated or run on
half time-work three days in the
week and idle the remaining three.
So bad did conditions get to be
that meeting of the Southern Lum-
ber Manufacturers association was
| called and took place in New Orleans
a short time previous to the time
already designated as the beginning
of the rise in the market
The unanimous conclusion of the
association was that all mill cuts and
| stocks should be curtailed and reduc-
ed in volume SO as to eliminate the
possibility of always having more
| lumber on hand than was actully in
demand from the various depart
ments of the trade, the argument
| being that so long as the supply on
hand and ready for delivery exceed
ed the demand, prices as a conse-
quence would remain low and unsat-
sfactory, while if stocks were kept
below the point of demand prices
would as consequence always re-
main high and satisfactory
The method adopted at the New
Orleans convention was at once put
into operation and for quite a while
the lumber manufacturing business
in the South was at standstill
Gradually the stocks on hand Were
consumed and instead of being able
10 get lumber where and when one
pleased at any old price he trade
woke up 10 the fact that lumber was
getting scarce and buyers would
have 10 get out and hustle in order
10 get what they wanted But III,
mill men had made a home run and
were now at the bat and subsequent
events show that they are there q,
stay, for a time az least
The mill stocks curtailed as shown
have newer been replenishei TO thai
point where 30 could bo slid that
such stocks were complete iu over,
particular
by January b. IPoo. 40 ,ard sipek
Veo Torn AN Io picoas and thc -am'
conditions vil prevail for ih, Sam.
.date ihis feur stossa taal w,u
short ouc tes. asa trc siill shorter
.ul n .nit, of thc iap ihai ai mui
ft,e tern taunlne on nl Imr aH,
'mur an doubIe Hms dnfir tbe pas
ussU thu tap n,en Hushla a
.eal,t lp eUh 'hal oulrr tpd H.
,,ns,8ueu,o ibr cat nf he miils Is
hgudrras uf Instance newer seu "a
Hhr ragd .fset hsr a seut firet