46 CIR. 211, U. S. DEPT. OF AGRICULTURE 
“Through such studies the wood-consuming indus- 
tries are helped to find the most suitable raw material 
and to develop methods of utilizing their waste prod- 
ucts, while forest owners are helped by having new - 
uses developed and new markets opened for what 
they grow. An important part of the work is to dis- 
cover ways of using the woods which, though often 
abundant, have been considered of little or no value. 
On such studies largely depends the extent to which 
the practice of forestry will be taken up. In a nut- 
shell, the investigations in forest products are con- 
ducted in order that the forest resourees of the 
country may be best conserved, developed, and util- 
ized. While some of the work aims directly at making 
possible the most effective utilization and marketing 
of national-forest timber, the general object is to do 
this for timber grown anywhere, and thus to extend 
forestry and increase the service and value of forests 
to the Nation. 
FOREST ECONOMICS 
Closely bound up with problems of forest manage- 
ment and utilization are problems of forest eco- 
nomics, for economic factors in the final analysis 
determine both the desirability and the practicability 
of given silvicultural and technological measures, 
Investigations in forest economics aim to furnish 
basic information as to the extent and economic im-. 
portance of our forest resources, existing and prob-~ 
able future requirements for forest products, and the 
economic factors which govern the use of land for for- 
estry and which affect methods of forest utilization 
under different conditions. Statistics are collected on 
the price of timber and other important forest prod- 
ucts, and on the production and consumption of tim- 
ber products by various industries. A comprehensive 
survey of the forest resources and requirements of 
the whole country iS now in progress. Information 
is also collected on the forest resources and require- 
ments of other countries because of their bearing on 
American forestry. Other studies cover such sub- 
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