846 JOURNAL OF FORESTRY 



JAPAN 

 Before war Since August. 1914 



Pine boards — 9 +70 March, 1918. 



Shingles —30 +61 October, 1918. 



Newsprint +18 +92 August, 1918. 



AUSTRALIA 



Pine flooring — 15 +69 October to December, 1917. 



Resin — 43 +80 June, 1915.' 



Turpentine +15 +103 April, 1918. 



In England pine lumber was depressed in price from the summer of 

 1913 to early in 1915, when it made a sharp rise. Another rise oc- 

 curred in the spring of 1916, and a final one in March, 191 7. The 

 price was stationary after that, probably because of government con- 

 trol. Logwood rose from the latter part of 191 5 to the summer of 

 1916, and again in the summer and fall of 191 7. Fustic rose at inter- 

 vals from December, 191 7, to the end of the war. Its sharpest rise 

 was in July, 191 6, and was immediately followed by the only fall in 

 price which occurred in the four years. Turpentine rose at the out- 

 break of the war, fell back almost to the pre-war level early in 191 5, 

 rose again sharply the next winter, fell, rose in the fall and winter 

 19 1 6- 1 7, and extremely rapidly in the last months of 19 17, since when 

 it has fallen off a little. Ground pulp rose gradually from the begin- 

 ning of the war, with a rapid rise early in 1916, followed by a setback. 

 When the United States entered the war it shot up very rapidly. A 

 quick reaction followed in the fall of 191 7, but another rise came dur- 

 ing the winter 1917-18 and the following spring. Soda pulp followed 

 a similar course, except that the 1916 rise was greater than that in 

 T917, and the trend in the last part of 1918 was downward instead of 

 stationary. Sulphite pulp rose in September, 1914, but fell back until 

 the fall of 191 5, when it commenced to rise very rapidly. In the middle 

 of 1916-17 it fell slightly, but rose again to its maximum height in the 

 early summer of 1917. It fell again in the fall, but rose during the 

 winter, and since the spring of 1918 has been declining. Acetone, 

 which had been declining since January, 191 3, rose rapidly from Au- 

 gust to September. 1914; in July, 1915; from January to April, 1916; 

 fell sharply in December, 1916, and January, 1917; rose again at the 

 end of 1917 and was tending downward at the end of 1918. Acetate 

 of lime fell until July, 1914. and did not begin to rise rapidly until the 

 following January, after which it rose very steadily until the summer 

 of 1916. A period of falling prices followed until the middle of 1917, 



* Resin margin probably greater in negative direction after July, 1918; Aus- 

 tralian prices lacking after that month. 



