:* 



soiols interesting, but fundamentally it is wrong. 



Both of these producing Groups erport high grade 

 sugar and westnrn yollow pine through San Prcnciseo. It is 

 natural to assume that by figuring the fnoight on upper Sac- 

 ranento Valley products to San Francisco and thon "bade -to 

 the San Joa jiin Valley points it should give us the oompet- 

 itive selling values there - all other things "being equal. 

 However, this does net wor!:, for the following reason: the 

 grades so exported form only a small percent of the total 

 cut in each case, the "balance of the cut in the Upper Sac- 

 ramento Valloy must moot strong competition in adjacent 

 territory, and the selling price is governed accordingly. 



The San Joacuin Valley mills, on the other hand, through a 

 



gontl ernc::i T s agreement, do not compete in the San Joacuin 

 Valley and on account of favorable freight rates are well 

 protected against outside competition in the local market. 

 This naturally upsets the relative values as ascertained on 

 the basis of figures secured from upper Sacramento Valley 

 pr oduc ing po int s . 



I have tried to summarize the reasons why lumbermen 

 will not give us access to their boors, or v/hy accurate 

 figures cannot be obtained, oven though the boclzo are avail- 

 able as follows: (l) There is an inherent distate on the 

 part of any man to giving out confidential figures; (2) 

 Lumbermen are afraid that the figures will leal: out to their 



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