competitors and thus injure their "business; (3) that our 

 figures will he turned over to the Department of Justice or 

 other Government or State departments intorosted in discov- 

 ering a "luiiber tru r jt n or in assessing corporation ta^es; 



(4) that T/o will soo what profits thoy aro making and will 

 rogulato our prices accordingly, in case they ever desire to 

 imrchacie Government ctujipa^o; (5) mothods of "boolr}roe^in 

 aro so crude or oom^lico-tod as to ^rovoiTJ a direct conpari- 

 son of prices from year to year, 



T-Jhen 3?-ou oome to the question of using the figures 

 from one { roup of mills or a for; nills in setting stunpage, 

 either locally/ or throughout the stato, the following factors 

 must "be tal:0xi into consideration: Che soiling value of 

 luiaher f.oo. anj niarhot unit for each speciec depends upon 

 (a) cost of production, and (hj supply and demand. These tv/o 

 factors m?:j he analyzed and amplified as follov/s: (l) no 

 tv/o nills prodv.eo luiabar efo the same coot, neither doos the 

 same mill produce at the same cost at different tinos, due 

 to changes in cost of living, rato of interest, lahor costs, 

 equipment. (2) no two tinfber tracts yield ocpnal grades, 

 the average soiling price varies and even one operation does 

 not 3riold ec;ual grades or species over a poriod of years; 



(5) the percentage of different species cut varies in dif- 

 ferent parts of tho Cta\,e; (4) privately owned stunpago 

 secured at a very ICY; figure may allow underselling in cer- 



276 



