STUMPAGE PRICES 



nVt CENTS 



eii CENTS 



4 CENTS PER CUBIC FOOT 



2 CENTS PER CUBIC FOOT 



$1.50 PER M FT. B.M- 

 $1.00 FER M FT. B.M, 



1820 1840 1860 1880 1900 



Fig. 14 

 Comparison of the cost of li\'ing and stumpage prices. 



1920 



