is running low almost as fast as that of hardwoods. Of softwoods, 

 however, a large supply exists on the Pacific coast, which will suffice 

 for a number of years after the eastern supply is exhausted. There 

 is no hardwood supply in the Far West. When the supply in the 

 Central and Eastern States is gone there will be no other source to 

 w^hich to turn. 



ADVANCING PRICES OF HARDWOODS. 



Only within the last eight years have prices begun to reflect the 

 dwindling supply, though the immoderate cutting away of this re- 



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laaj laae laes laso laai /aaz jaaz /as^ mss /aae /as? /ass /ass /soo /so/ /soz /soj /904 /sos /soe /907 



T/Me - ycARs 



Fig. 1. — Increasing prices of hardwoods, 1887-1907. 



source has been going on for decades. The diagram (fig. 1) shows 

 the advance in prices of some of the principal hardwoods during the 



[Cir. 116] 



