The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-10-21
CURRENT MARKET CONDITIONS

= x, ....ors ,,ravented any marked expansion
In the volume OF business transacted IN iuiiioe -
clues during the past week and in view OF the PRES
-cbootic labor situation it likely that the quiet
tome of the market viii continue for some time say
~. southern Lumberman october 49, While ran
has brought its wake a better dernaho 'haii %
ist.d during the closing months OF summer inns "
crease in business is not of impressive proportions
rr-or Tho rosftion of the market has been i'm
proved by the state steady activity that now pre-
walls this buying policy simphties the propie -
maintaining uniform and stabilized prices
Generally unsettled conditions abroad are keePihs
the export movement Of lumber restricted to mar
row channels. Practically every European natioh
IS now facing necessity of conserving credts TOT
the purchase of and consequently orders Tor
other commodities confined to pressing needs
The financial rehabilitation of those countries now
.romises> require much more time than was firs'
thought necessary and this has been accom-
plished prospects for heavy overseas shipments
of lumber seem remote
The danger general car shortage which
seemed imminent thirty days ago. has seemingly
been obviated and. while cars are still scarce TINS
situation has materially influenced the market.
In some sections, manufacturers complain OF
their inability secure their car requirements nut
taken whole the present transportation OUTLOOK
compares favorably with that of this season In Tor
mer years.
Production of Southern pine continues to show
steady increase, but the limited car supply over
much Of this territory holding shipments below
a level that the output would otherwise justify.
While some Improvement is reported. the
volume o business is still considerably below
both production shipments The excess OF pro-
duction over orders during the past several weeks
has permitted the manufacturers TO make material
progress shipping portion of the orders ac-
copied during the early summer period with the re-
suit that files of untitled orders have reached
lowest level IN months Operating conditions are
generally favorable to heavy production though ex-
cessive the extreme southwestern portion
of southern pine territory has nterfered with
the activities of the mills that section. Though
10, no 1Qh SIT
now giving the manufacturers less worry than here
tofore generally asserted that there is vast
improvement in the efficiency of the work
ers. Prices have shown recent change of conse-
quence and remain steady at former levels.
A strong demand for hardwoods among the upper
grades continues and the manufacturers are gener-
ally with the immediate outlook for their
Industry The furniture industry is still the largest
consumer of hardwoods and the settlement, OF sew
sral strikes furniture workers is expected TO
result n further Improvement in demand from this
source. Production is being maintained at satis-
factory level though some apprehension Is felt as TO
the probable effect of the heavy rains during the
past week logging operations Though the
comparatively heavy output during the past six
weeks enabled replenish their stocks
amount of lumber hand still below
. Some Improvement In demand for items among
grades Is reported but lumber in this class
finding ready outlet. During the past
weeks into prominence s a desirable
hardwood item. while oak, hickory and poplar have
lost none of their popularity Some improvement In
foreign demand is reported but has been the
gor several weeks only relatively small per cent
Of production Is being diverted export
asls Prices of their firnness though
hey have apparently abandoned their tendency
ADVANCE.
The cypress market remains practically unchang-
"a and the scarcity of stocks still nuilifies bene
ats that would otherwise accrue from an excellent
demand. All lumber available market finding
. ready outlet. and the manufacturers still
PEELED decline considerable portion of the bust
offered The scarcity of cypress forcing the
substitution OF other woods in many instances. but
mis- practice has afforded small relief consumers
rhe mills are maintaining heavy volume Of pro-
iucsion in anticipation a continuation of the pres
ant strong demand No change in min prices Is re-
ported, though some dealers with small stocks in
heir possession have taken advantage OF situa-
ION mark up quotations