RKVIKWS 



84: 



AUSTRALIA UNITED STATES 



1. Pine, Baltic red, flooring, 6xi^f(, at i. Pine, N. C, flooring No. 2, ix4x 



Melbourne. 10-16, at mills. 



2. Resin, G grade, at ^Melbourne. 2. Resin, common to good, strained, at 



New York. 



3. Turpentine, at Sydney. 3. Turpentine, spirits, at Savannah. 



JAPAN UXITEO STATES 



T. Pine, boards, 6 bu (^"), Sendai. i. White pine, boards, at New York, 

 common, at Yokohama. 



2. Shingles, Teshu, common, at Yoko- 2. Shingles, red cedar, at Washington 



liama. State. 



3. Paper, Hanslii, Sugizaka, medium, 3. Paper, newsprint, at mills. 



at Yokohama. 



In addition, Japanese prices are given for several kinds of boards, 

 logs, and timber, and for railroad ties, charcoal, and firewood, for 

 which there are no equivalent American quotations. Prices of teak- 

 wood in India are also given. 



The most striking fact brought out by the figures is that the levels 

 reached by American prices were far below those reached in the other 

 countries (except for logwood, fustic, and acetone, which went higher 

 in the United States than in England, and resin, which was lower in 

 Australia than in the United States). Moreover, the divergence be- 

 tween foreign and American levels for forest products was in all cases 

 greater than the divergence for all products grouped together. 



Maximum divergences in level during the 19 months before the war 

 and during tlie period from August. 1914, to December, 1918, were: 



(Plus (-(-) sign indicates price-level lower in United States; minus ( — ) sign, 

 higher in United States.) 



UNITED KINGDOM 



Before war. Since August, 1914. 



Pine liMvlir +17 + 260 ]^Iarch, 1917. 



Logwood o — 267 May, 1916. 



Turpentine ±7 -\- 314 April, 1917. 



Soda pulp — 5 -j-392 May, 1917. 



Sulphite pul]) +5 +314 July, 1917. 



Ground pulj) +12 -|- 506 July, 1917. 



Acetone -\-S -f- 140 October and November, 1916. 



.A.cetic acid +12 + 414 September to December, 1918. 



Acetate of lime , ±12 -)- 235 April to December, 1918. 



Shellac — 9 +243 March, 1918. 



Fustic o — 146 October, 1917. 



ITALV 



Pine boards -|-6 -^ 164 .\pril to June, 1916. 



Pine timbers — 17 -f- 88 February, 1915. 



Pitch-pine boards — 5 -|- 237 December, 1916. 



Pitch-pine timbers — 10 ^1,063 November, 1918. 



(Except for last item, no data after 1916.) 



