pine, $9.28 for the spruce, $7 for the tamarack and 3.50 for 

 the balsam. 



Practically all the timber offered in Cook county was taken 

 by the Pigeon River Lumber Co. It was bought in the ma- 

 jority of cases at the appraised figure. The Alger-Smith com- 

 pany took up most of the land offered in Lake county, paying 

 from 15 to 50 per cent over the appraisal. 



Spirited bidding only took place in the case of tracts where 

 the amount of standing timber was in excess of half a million 

 feet. The small tracts were taken by companies operating 

 in their vicinity and at prices very little in excess of the 

 appraisal. 



Another noticeable feature of the gathering was the absence 

 of the old-time lumbermen and the heads of those concerns 

 which have made the lumbering industry in Minnesota famous. 

 This year most all of the big companies were represented by 

 clerks and cruisers. 



The average price paid for pine was $10 per thousand and 

 Mr. Iverson regarded this as extremely good. 



Frank H. Gillmer, superintendent of logging operations for 

 the Virginia & Rainy Lage company at Cusson, in an inter- 

 view at Virginia, Minn., said that much will be done during this 

 winter, more than any season in recent years. Mr. Gillmor 

 says that any one who thinks the timber is about exhausted in 

 the North woods is in error as at the rate it has been cut in 

 recent years there is available timber for fifteen or twenty 

 years and possibly longer. 



