Periodical L iter a hire \^ 6 1- 



ures were published, it is well known, a more rapid rise was 

 noted, so that by 1890 $4.50 to $6.50, in the other two States 

 $2.25 to $4.00 were ruling prices. From 1890 to 1900 prices 

 very nearly doubled, and in the last five years they rose from $10 

 for the best to $20, doubling again ; the year 1899 being phe- 

 nomenal in the rise of price for lumber. 



There is, however, still stumpage to be had at $4.00, a price 

 which was maximum 25 years ago. Indeed, if we compare the 

 average between high and low prices, then the rise for 15 years 

 before 1890 was really more rapid (3.6%) than after 1890 (below 

 3%) ; but if the high prices alone are compared the rise in the 

 first 15 years was 3.6%, like the average, in the last 15 years the 

 rise was at the rate of ^yi%. 



To appreciate these figures, it should also be understood, that 

 tracts which to-day are bringing $8 or $10 a thousand feet could 

 not have been sold at any price 30 years ago. Only the first-class 

 timber was salable in those days and only first-class timber was 

 logged. An estimate in 1870 included only one-third of the tim- 

 ber which would be included to-day. 



' ' But little White Pine is left in either the upper or lov\^er 

 peninsula of Michigan. Wisconsin also has yielded the greater 

 portion of its pine, and Minnesota contributed more than half of 

 the amount it contained originally. Tracts of pure White Pine 

 timber scarcely can be bought at any price to-day." 



White Pine Stumpage Prices and their steady Advance. American Lum- 

 berman, Jan. 6, 1906. 



The change in price of Southern Yellow 



Yellow Pine Pine is shown for ten years for the different 



JLtajiber Prices grades, with monthly variations, in a 



table compiled from records of the Southern 



lyumber Manufacturer's Association. Up to 1899 prices remained 



tolerably steady, but in that year corresponding to the rise of 



White Pine lumber. Yellow Pine prices rose rapidly, namely on 



an average of 6 per cent, and taking a number of grades together 



the rise has continued through the six years at a rate of nearly 



5% per annum, and if July prices had been taken which were 



the lowest in 1900, the rise would have figured fully 6 per cent. 



These are significant figures with regard to conditions of supply. 



Range of official Yellow Pine Lumber Prices. American Lumberman' 

 Jan. 6, 1906. 



