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On the area on the Stikine River, for which bids 

 have been received, the species to be cut include Sitka 

 spruce, hemlock, red cedar, cottonwood, and yellow cedar, 

 and the minimum ^ stumpage rates range from $2.50 to $1.00 

 a thousand feet, according to species, the yellow cedar bring- 

 ing the highest price. Another pulp company has made applica- 

 tion for the other area, at the head of Thorn Arm, which con- 

 tains the same species to be sold at similar prices. This com- 

 pany has had men examining tlmberlands in Alaska during a long 

 period and over large areas, and has come to the conclusion 

 that the Tongass timber offers the best opportunity it has seen. 



The three great advantages which the paper manufac- 

 turers say they are finding in Alaska ?,re c/bmndant supplies of 

 timber, cheap hydro-electric power, and tide-water transporta- 

 tionall of these in one and the same locality. Both area.s 

 adjoin deep water, and it is probable that the plants will be 

 so located that ocean freighters can be loaded right at the 

 mills. 



A cutting period of twenty years will be allowed, 

 with two years additional for construction work. The prices 

 may be adjusted at five-year intervals to take care of possi- 

 ble advances in lumber values. 



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