44 



HARDWOOD RECORD 



Stumpage Values 



Are Always on the 

 ~ Increase — 



We have 500,000 acres 

 of hardwood lands 

 for sale in tracts 

 to suit purchasers. 

 Detailed information 

 furnished bona-tide 

 investors only. 



Our Own Estimates 

 Furnished 



J. D. LACEY 4 CO 



608 Hennen Building 

 NEW ORLEANS 



1200 Old Colony Building 

 CHICAGO 



Western Office : 507 Lumber Exchange BIdg. 

 SE.ATTLE. WASH. 



