FOREST RESOURCES 5 



control 24I per cent of all the private stumpage, namely, the 

 Southern Pacific Company, 105,600,000,000 board feet; the 

 Weyerhaeuser Timber Company, 95,700,000,000 board feet; and 

 the Northern Pacific Railway Company, 36,200,000,000 board 

 feet. Twenty holders control 43 per cent of the private stump- 

 age, and thirty-eight interests control 50 per cent. 



In the South the holdings are not so large because the stand 

 of timber per acre is much lower than on the Pacific Coast. 

 Extensive logging operations have made conditions unfavorable 

 for amassing large contiguous holdings, and there have not been 

 the large land grants which were common in the West; conse- 

 quently the timber is held by a greater number of companies. 

 Twenty-nine interests own 16 per cent of the private stumpage; 

 67 holders, 24 per cent; 159 owners, 33 per cent; and 558 holders, 

 approximately 50 per cent. The sixty-seven largest interests 

 control 39 per cent of the longleaf, 19 per cent of the loblolly 

 and shortleaf, 29 per cent of the cypress and 11 per cent of the 

 hardwood stumpage. It has been estimated^ that only 1,200,000 

 acres of yellow pine, containing 18,000,000,000 feet are not held 

 by manufacturers. 



In the Lake States, six interests control 54 per cent of the 

 white and Norway pine stumpage, 16 per cent of other conifers 

 and 2 per cent of the hardwoods, and thirty-three interests con- 

 trol 77 per cent of the white and Norway pine. 



The detailed holdings in these three sections are shown on 

 page 543 in the Appendix. 



The timber in other regions is divided among many owners, 

 controlling a limited acreage. Few holdings in the Northeast 

 aggregate more than 100,000 acres. 



COMMERCIAL SPECIES 



Douglas Fir. — This species {Pseudotsuga taxifolia) is the most 

 important lumber producer on the Pacific Coast and will un- 

 doubtedly surpass yellow pine in annual production during the 



1 Estimate by James D. Lacey and Co., Chicago, Illinois. See The American 

 Lumber Industry, Official Report Tenth Annual Convention National Lumber 

 Manufacturers' Association, May 7 and 8, 191 2, p. 94. 



