STUMPAGE PRICES 



211 



4 CENTS PER CUBIC FOOT 



2 CENTS PER CUBIC FOOT 



$1.50 PER M FT. S,M. 

 $1.00 PER M FT. 8.M, 



1820 



1840 



1900 



1860 1880 



Fig. 14 



Comparison of the cost of living and stumpage prices. 



1920 



