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THE MUSIC TRADE REVIEW
LUMBER CONDITIONS IMPROVING.
COPPER STEADY JFOLLOWING BREAK. STANDARD FELT^O. OFFICERS HERE.
Snowy Weather Helping Lumber Men to Get
Logs to the Mills—Veneer Factories Work-
ing Overtime—Trade in Vermont.
Resumption of London Trading Results in
Lowering of Prices, but Market Is Now
Firm Due to Liberal Demand—Output Good.
The Burlington, Vt, office of the Bradstreet Co.
reports business among the lumber interests of the
State still on the upgrade. The recent snowfalls
have tended to relieve the uneasiness apparent
among sawmill owners, who report the season's
cut of logs nearly all cleared up. Three weeks more
of seasonable weather and sledding will see prac-
tically all of the cut in mill yards. The lumber-
men generally are more optimistic than they were
six weeks ago, as the demand is heavy, prices are
advancing and prospects are that the demand will
remain firm. Shortage of labor at the lumber mills
is noted, and some complaint is heard regarding
the question of deliveries on the part of railroads.
Veneer manufacturers are operating to capacity,
and are having difficulty in getting out orders by
reason of such demand. Furniture manufacturers
report plants better employed and a larger amount
of business than was apparent a year ago this time.
Manufacturers of turned wood novelties are em-
ployed to capacity and some of them are operating
nights. Such is the general condition among wood
and lumber users.
The month of February has seen retail business
improved over what was reported for the corre-
sponding month of 1915. Jobbers for the most
part report money coming in a little better and
collections improving. Three mercantile failures
were reported' during the week just closed in this
State. The month so far has recorded ten failures,
only two of which involved $10,000 or over. The
same month of last year recorded for the same
period a like number of failures, one of which
exceeded $10,000, in amount of money involved.
In round numbers, the total assets of those failing
for the period in the month of February, 1916, was
$27,000, against $46,000 for that month in 1915, and
liabilities were $72,000 in 1916, against $50,000 in
1915.
With the resumption of trading in copper at
London and the renewal of cable advices to the
United States on March 6 there was a violent
break in the price of standard copper on the Lon-
don Exchange, which was followed by freer of-
ferings of electrolytic copper here by second hands
and by small producing interests, resulting in a
break of one cent to one and one-half cents per
pound on all positions from April to October, in-
clusive. There was small disposition to purchase
here.
Toward the close of the week a stronger tone
was developed, in sympathy with foreign markets,
and improved buying by consumers as well as by
dealers was evident. There was a recovery of about
one-half cent per pound at the close of the week,
with a strong tendency upward, electrolytic being
held at 27% cents for March and April positions
and at 26 a / 2 cents to 27 cents for later deliveries.
Lake copper was difficult to sell at "28 T /£ cents
for near-by and at 27% cents for future deliveries,
but the market was firmer at the close, with some
improvement in demand.
At London American electrolytic was nominally
unchanged throughout the week at £136 for spot,
but standard in two days broke £4 5s. to £4 10s.,
followed by a violent rise in the next three days of
£7 5s. on spot and £6 on futures, with some little
increase in trading.
While the commercial position of the market
changed radically, the statistical situation remained
practically as it was. Production continues record
breaking at the rate of about 80,000 tons per
month, equivalent to 175,000,000 pounds. Melting
by domestic consumers is also at a record breaking
rate, estimated at 125,000,000 to 130,000,000 pounds,
leaving 45,000,000 to 50,000,000 pounds for export.
Thus far the March foreign shipments have been
light, scarcely 12,000,000 pounds. Heavier ship-
ments are expected later, and more steamships are
available.
BRAUNSDORF LEASES NEW FACTORY.
f
George \\ . Braunsdorf, supply manufacturer,
has taken a five-year lease on the factory at 422
East Fifty-third street and will take possession
about the fifteenth of April.
r
45
Roland H. Smith, local representative of the
Lauter Piano Co., has leased a house on Rosedale
avenue, Morris Plains, N. J.
TELL US YOUR SANDPAPER TROUBLES
AND WE WILL SEND SAMPLE SHEETS OF
TROY BRAND
F L I N T AND GARNET PAPER
W E OFFER THE TROY BRAND PRODUCTS WITH
OUR FULL GUARANTEE OF THEIR QUALITY
AND ENDURANCE. SEND FOR OUR 16-PAGE
CATALOG No. 4 3
Miss M. Walsh, Treasurer, and George M.
Eggleston, General Sales Manager of Com-
pany, Visit New York Offices—Have Pleasing
Reports to Make of Trade Conditions.
Miss M. Walsh, treasurer of the Standard Felt
Co., West Alhambra, Cal., and George M. Eggles-
ton, general sales manager of the company, with
headquarters at Chicago, 111., were visitors this
week at the Eastern offices of the company, 115
East Twenty-third street, New York. Miss Walsh
and Mr. Eggleston, in company with David A.
Smith, Eastern sales manager of the company,
visited many of the piano factories in this terri-
tory, and were gratified to learn that the general
outlook is most promising in every way.
Referring briefly to the company's activities this
year, Miss Walsh in a chat with The Review said:
"The first two months of this year were very satis-
factory, and our sales totals even exceeded our
highest expectations. From all indications this
country is on an immense rising market, and there
i, - . every reason to believe that this condition will
continue for some time to come. Our factories
have been working to capacity and we have closed
important deals with well-known piano concerns
who will use Standard piano felts and hammers in
hirge quantities."
Mr. Eggleston was equally as optimistic in dis-
cussing the business situation and substantiated this
optimism by the fact that the company's hammer
factory at Chicago is working overtime to keep
pace with the orders it is receiving from piano
manufacturers in the East and West. Standard
piano hammers are giving perfect satisfaction to
their many users, and since the first of the year
have been adopted for exclusive use by some of the
most successful piano manufacturers.
NEW SUPPLY_PLANT OPENED.
Boston Piano Supply Co. Dedicates Its New
Factory in Norwood, Mass.
(Special to The Review.)
NORWOOD, MASS., March 13.—The new plant of
the Boston Piano Supply Co. was formally dedi-
cated last week, the ceremony being attended by
over 300 people, the Norwood Board of Trade
having charge of the affair. President Francis J.
Foley, of the Board of Trade, was chairman, the
other speakers being Edward H. Allen, president
of the Boston Piano Supply Co.; James H. Folan,
and George F. Willett, president of the Norwood
Civic Association.
A concert was given by the Norwood band, the
exercises of the evening being concluded by
dancing. The factory will start active operations
before the end of the present month.
BIG MAHOGANY JX). INCORPORATED.
The Laguna Mahogany Co. of Delaware was in-
corporated this week, the capitalization being $3,-
700,000. The concern will operate the Padilla
concession, which is an important one in Guate-
mala, Central America. The incorporators are F.
D. Buck, George W. Dillman and M. L. Horty, all
of Wilmington, Del.
Richardson Piano Case Co.
Manufacturers of
HAMMACHER,SCHLEMMER & CO.
PIANO M A T E R I A L S , TO
LOCKS, BOLTS, SCREWS, PUNCHINOS, SWINGS, CATCHES, ETC., ETC.
NEW YORK SINCE 1848
4th Ave. & 13th St.
Upright—
"iano Cases
Eatablimhrnd 1891
LEOMINSTER
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MASS.