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BULLETIN 11, 17. S. DEPARTMENT OF AGRICULTTJKE. 



Table 17. — List prices of the North Carolina Pine Association for lumber of different 

 grades, f. o.b. Norfolk, Va. 



Year. 



No. 1. 



No. 2. 



No. 3. 



No. 4 or 

 box. 



Year. 



No. 1. 



No. 2. 



No. 3. 



No. 4 or 

 box. 



1899 



$15. 00 

 15.00 

 15.25 

 15.75 

 15.50 

 14.50 

 13.75 

 13.75 

 13.65 

 14.60 

 18.00 

 20.00 



$13. 00 

 13.00 

 13.00 

 13.25 

 13.50 

 13.00 

 12.25 

 12.00 

 11.75 

 13.00 

 16. 25 

 18.00 



$9.50 

 9.50 

 9.50 

 9.50 

 9.50 

 9.50 

 9.25 

 9.00 

 9.00 

 10.00 

 12.75 

 14.00 



$7.50 

 7.50 

 7.75 

 8.25 

 8.50 

 8.50 

 8.25 

 7.75 

 7.75 

 8.25 

 11.00 

 12.00 



1901... 



$20.00 

 20.00 

 20.00 

 22.00 

 27.50 

 30. 09 

 27.50 

 27.00 

 27.00 

 27.00 

 27.00 

 33.00 



$18. 00 

 18.00 

 18.00 

 18.50 

 24.00 

 28.00 

 25.50 

 24.00 

 24.00 

 24.00 

 24.00 

 31.00 



$13. 25 

 13.00 

 13.50 

 14.50 

 19.50 

 21.50 



•17.50 

 17.50 

 17.50 

 17.50 

 17.50 

 23.50 



$11.25 

 11.50 



1S90 



1902 



1891 



1892 



1903 



1904 



1905 



12.25 

 12.50 



1S93 



14.75 



1894 



1906. . 



16.50 



1895 



1907 



1908 



1909 



1910 



1911 



14.75 

 13.50 

 13 50 



1896 



1897 



1898 , 



1S99 



13.50 

 14.00 



1900 



1912 



1 19. 50 









1 1912 figures 20 to 30 per cent higher than average sale prices. Compare with tables 5 and 16. The sudden 

 jump in prices in 1912 was due to a revision of the Association's list prices. These list prices furnish only a 

 slight basis for actual prices, being used to maintain and if possible to raise actual prices. 



It will be noted that these list prices run from 50 cents to $1.25 

 higher on the No. 4 grade than the actual sale prices, and from $2 to 

 $3 higher on the No. 1 grade. They give a good idea, however, of the 

 upward trend of North Carolina pine lumber prices during the last 

 24 years. Table 18, which gives the average of the above list prices 

 hi five-year periods, emphasizes still more strongly the upward ten- 

 dency of prices, especially for the lower grades. 



Table 18. — List prices of the North Carolina Pine Association averagedfor 5-year periods, 

 f. o. b. Norfolk per thousand board feet. 



Period. 



No. 1. 



No. 14 

 (edge box.) 



Period. 



No. 1. 



No. 4 

 (edge box.) 



1889-1890. .." 



1891-1895 



1896-1900 



$15. 00 

 15.00 

 16.00 



$7.50 

 8.25 

 9.25 



1901-1905 



1906-1910 



1911-1912 



$22. 00 

 27.70 

 30.00 



$12. 50 

 14.35 

 16.75 



Despite the constant rise in prices the yellow-pine lumber industry 

 has at frequent intervals been seriously handicapped by over pro- 

 duction of the lower grades. More recently, however, the tendency 

 of the market has been to call for a large and steady supply of low- 

 grade lumber. 



In any event, conditions in regard to low-grade lumber are appli- 

 cable more to the general lumber market than to lumber produced 

 for local consumption. In the region under consideration, which is 

 rapidly developing along agricultural lines and has immense opportu- 

 nities for further development, the local lumber trade will become of 

 more and more importance, especially so since the supply of standing 

 timber is becoming more and more limited. In the future, however, 

 wherever it is planned to grow timber for production of lumber for 

 the general market, it will undoubtedly be very important to produce 

 a large percentage of the upper grades. 



