NOTES. 

 CENTS PER CUBIC FOOT. 



459 



Showing not only a constant increase of not less than 5 per 

 cent per annum, but also a variation in range, which indicates 

 reduction in the supply of better quality. 



The price of logs exported from Canada during the 25 

 years from 1878 to 1893 appreciated, according to the same 

 authority for all descriptions, 3^ per cent, and for pine alone 

 from $5.40 to $8.33 per M feet, or 5.4 per cent. To explain 

 the difference of these prices from the prices for square timber, 

 it should be known that the square timber goes mostly from 

 Quebec to Great Britain, the logs mostly from Ontario to the 

 United States, a difference in market and location which 

 depresses the log prices disproportionately. A study of the 

 prices paid for timber limits in Canada, which are more acces- 

 sible than such data with us, will also show the tendency and 

 the rate of rising prices due to decrease of accessible supplies. 



The reduction in supplies is also well indicated by the 

 change in the size of merchantable logs, which, in the seven 

 years from 1887 to 1893, for which data are published in the 

 above-cited document, changed in the Province of Ontario for 

 pine from 122.5 ^ eet B.M. per average log to 98.5, and for 

 other kinds from 79 to 57 feet B.M. 



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