SUGAE PINE. 



17 



decided preference for sugar pine timber. The choice material is 

 derived from large, overmature trees. The smaller trees are on a 

 par with yeUow pine in value of product, and at the time of a second 

 cutting the value of these two species will undoubtedly be nearly 

 identical. 



Table 9 shows the average percentage of the various grades pro- 

 duced from sugar pine and yellow pine in the best representative 

 Sierra Nevada stands. In the very best stands sugar pine cuts out 

 as high as 50 per cent upper-grade lumber (No. 2 shop and better). 



Table 9. — Average percentage of the various grades produced from sugar pine and yellow 



pine. 



Grade.i 



No. 1 and clear. 



No. 3 clear 



C select 



No. 1 shop 



No. 2 shop 



apecics. 



Sugar 

 pine. 



13.2 



6.6 



U.O 

 13.2 



Yellow 

 pine. 



10.0 

 3.6 

 3.6 

 8.0 



10.8 



Total uppers. 



37.0 



Grade.i 



No. 3 shop 



No. 1 and 2 common 



Box 



No. 3 common 



Total louvers.. 



Species. 



Sugar 

 pine. 



5.0 

 22.0 

 23.0 



6.0 



56.0 



Yellow 

 pine. 



6.0 

 25.0 

 27.0 



5.0 



63.0 



1 Sugar and yellow pine are graded under rules established by the California Sugar and White Pine Co., 

 of San Francisco, Cal. (See Appendix, p. 40.) 



Although market prices fluctuate considerably from yea,r to year, 

 they indicate comparative values. There was a strong rising market 

 for Cahfomia sugar pine from 1903 to 1907. The financial depression 

 of 1907 produced a decided slump, which was followed by a partial 

 recovery in 1909. From 1909 to 1912 prices were fairly constant, 

 with a slight tendency to increase. In 1914 the general business 

 d(^pression and European war were severely felt in the pine market. 



Table 10 shows concretely the general increase in the price of 

 upper grades and a comparison between 1905 and 1912 prices. 



Table 10. — Net selling price rf sugar and ycllov) pine lumber by grades, f. o. b. mill 



Grades. 



Nos. 1 and 2 clear 



No. 3 clear 



C. select 



No. 1 shop 



No. 2 ^hop 



No. .3 shop 



Nos. 1 and 2 common. 

 Box. 



No 3 common. 



I'riccs per 1,000 feet. 



1905 



Sugar pine. 



$43. O0-$in. 00 

 33. 00- 38. 00 



22. 00- 28. 00 

 15. 00- 18. 00 



Sugar pine. 



$50. 00-$57. no 

 38. 00- '10. 00 

 38. 00- 40. 00 

 30.70- 31.. 30 

 20. '\r>- 22. 00 

 13.2.5- 15.00 

 1'1.7.'>- 18.00 

 12. 50- 13. .50 

 10.00- 12.00 



Yellow pine. 



$37. 7r>-$-12. 50 

 32.00- .31.00 

 31.00- 33.00 

 24. 00- 20. 50 

 15. 50- 20. (K) 

 13.00- 15.00 

 14.00- IK. 00 

 12.00- 13.50 

 3.10- 11.40 



55380°— Bull. 426—10 3 



