Lumbering in the Philippines. 615 



the Philippine market. Exportation, now only just beginning, 

 will form an important part of the trade and as Philippine lumber 

 gains its place in foreign markets the advertisement it will get, will 

 bring more and more capital into the business in the Islands. The 

 day of the small operator in the Islands is passing just as it has 

 passed in the United States and although he will never be crowded 

 out, as he has been in the United States, the larger operator will 

 in the future be the more prominent of the two. 



