Table 7. Average Volume Cut per Mill in M b.f., 1946-1960 



Year 



1946 

 1947 



1948 



1949 

 1950 

 1951 

 1952 

 1953 

 1954 

 1955 

 1956 

 1957 

 1958 

 1959 

 1960 



* Column 1. Based on the total annual cut, and the total number of mills repre- 

 senting the annual cut. 



Source — New Hampshire Biennial Forestry Reports. 



t Column 2. Based on the total annual cut, and the mills actively in production as 

 shown by Table 1. 



Source — New Hampshire Forest Market Reports. 



V. PRICE RELATIONSHIPS 



Stunipage Price 



A range for the price of white pine stumpage is given in the New 

 Hampshire Forest Market Reports. These ranges were listed by years 

 in the first cohimn of Table 8. After the O.P.A. ceiling prices were re- 

 moved in 1947, the price range began to rise. The minimum price in- 

 creased only three dollars while the maximum increased 17 dollars over 

 this period 1946-61, The mid-point was used in Table 8 (column two) 

 to show the trend in stumpage prices. In general, the price of stunipage 

 has risen from 8 to 18 dollars per M b.f. in 13 years. A price index was 

 also calculated for stumpage so that the relative rise in stumpage price 

 can be compared with the relative gains in the wholesale price of lum- 

 ber. This index is shown in column three. 



Wholesale Price Indexes 



Three standard wholesale price indexes were used in the comparison 

 of relative changes in price. These are shown in Table 9. The national 

 wholesale price index for lumber has not followed the trend of the 

 indexes for all commodities or the "all-commodities less farm produce." 

 Especially noticeable is the greater yearly fluctuation in the relative 

 price of lumber. 



13 



