Massie, Michael R. C. and Wallace, Oliver P., 1963. 



The price of white pine stumpage and lumber during the movement of 

 New Hampshire sawmills into and out of production. 



Since 1950 there has been a steady decline of sawmill numbers, princi- 

 pally portables. During this same period the relative price index of white 

 pine stumpage, which comprises 70 percent of their annual volume, has 

 risen faster than the relative price index of lumber. In addition, other 

 factors such as decline in stumpage quality and the box board market 

 contributed to this decline. 



N. H. Agri. Experiment Station Bulletin No. 480, UNH, Durham, N. H. 



