FUTURE DEMAND FOR TIMBER 



439 



300 



200 





X 



C3 



100 



60 

 50 



40 



NOTE: This chart is plotted on a 

 logarithmic scale. Equal 

 vertical distances denote 

 equal percentage chonge. 



RELATIVE CONSUMPTION 

 OF PULPWOOD 



y 



REAL PRICE OF WOODPULP, 

 PAPER, AND PAPERBOARD 



30 



1915 



'20 



'25 



'30 



'35 

 YEARS 



'40 



'45 



'50 



1955 



Figure 127 



T.A.BLE 254. — Indexes oj average price and real -price of woodpulp products, 1920-54 



[1926=1001 









Real pri 



ce of wood- 









Real price of wood- 





Woodpulp 

 products, 



All-com- 



pulp products 





Woodpulp 

 products, 



All-com- 



pulp products 











* modify 

 price 

 index 







Year 



index of 

 average 



modity 

 price 





Index 

 smoothed 



Year 



index of 

 average 





Index 

 smoothed 





annual 



index 



Index 1 



by 3-year 





annual 



Index 1 



by 3-year 





price 







movmg 

 average 





price 







moving 

 average 



1920 



181. 8 

 107. 6 



154. 4 

 97. 6 



117.7 

 110. 2 





1938 



1939 



85. 

 82. 4 



78. 6 

 77. 1 



108. 1 

 106. 9 



107. 1 



1921 



107. 5 



110. 6 



1922 



91.6 



96. 7 



94.7 



102. 4 



1940 



91. 7 



78. 6 



116. 7 



112. 



1923 



102. 8 



100. 6 



102. 2 



99. 9 



1941 



98.2 



87.3 



112. 5 



110. 4 



1924 



100.7 



98. 1 



102. 7 



102. 2 



1942 



100. 8 



98. 8 



102.0 



105. 2 



1925 



105. 2 



103. 5 



101. 6 



101. 4 



1943 



104. 1 



103. 1 



101. 



102. 



1926 



100.0 



100. 



100. 



100. 



1944 



107. 1 



104. 



103.0 



102. 3 



1927 



93.8 



95. 4 



98.3 



97. 6 



1945 



108. 8 



105. 8 



102. 8 



101. 5 



1928 



91. 4 



96. 7 



94. 5 



95. 4 



1946 



119. 4 



121. 1 



98. 6 



101. 1 



1929 



88.9 



95.3 



93. 3 



95. 8 



1947 



155. 1 



152. 1 



102. 



100. 9 



1930 



86. 1 



86. 4 



99.7 



101. 5 



1948 



168. 5 



165. 1 



102. 1 



102. 6 



1931 



81.4 



73.0 



111. 5 



109.2 



1949 



160. 8 



155. 



103. 7 



102. 3 



1932 



75.5 



64. 8 



116. 5 



114. 7 



1950 



163. 5 



161. 5 



101. 2 



105. 



1933 



76. 6 



65. 9 



116. 2 



114. 4 



1951 



198. 



179. 8 



110. 1 



108. 1 



1934 



82. 7 



74. 9 



110. 4 



108. 9 



1952 



■'- 197. 6 



174.8 



113.0 



112. 4 



1935 



80.0 



80. 



100.0 



103. 4 



1953 



197. 



172.5 



114. 2 



113. 8 



1936 



80. 7 



80. 8 



99.9 



102. 1 



1954 



197. 3 



172. 8 



114. 2 





1937 



91. 7 



S6. 3 



106. 3 



104. 8 













' Obtained by dividing the index number for average 

 annual price of woodpulp products by the corresponding 

 index number for all commodity prices. 



2 The index from 1952 onward includes a wider range 



439290 O— 58 29 



of products under the title "Pulp, Paper, and Products." 



Source: U. S. Department of Labor, Bureau of Labor 

 Statistics, Wholesale Price Indexes. 



