20 
BULLETIN" 11, U. S. DEPARTMENT OF AGRICULTURE. 
Table 1/. — List prices of the North Carolina Pine Association for lumber of different 
grades, f o.b. Norfolk, Ya. 
Year. 
No. 1. 
No. 2. 
Xo. 3. 
Xo. 4 or 
box. 
Year. 
Xo. 1. 
Xo. 2. 
N o No. 4 or 
Wo - 6 - ! box. 
1899 
S15. 00 
15.00 
15.25 
15. 75 
15. 50 
14.50 
13.75 
13.75 
13.65 
14.60 
18.00 
20.00 
$13. 00 
13.00 
13.00 
13.25 
13.50 
13.00 
12.25 
12.00 
11.75 
13.00 
16. 25 
18.00 
89.50 
9.50 
9.50 
9.50 
9.50 
9.50 
9.25 
9.00 
9.00 
10.00 
12.75 
14.00 
$7.59 
7.50 
7. 75 
8.25 
8.50 
8.50 
8.25 
7. 75 
7. 75 
8.25 
11.00 
12. 00 
1901 
S20. 00 
20.00 
20.00 
22.00 
27.50 
30.09 
27. .50 
27.00 
27.00 
27.00 
27.00 
33.00 
$18. 00 
18.00 
18.00 
18.50 
24.00 
28.00 
25.50 
24.00 
24.00 
24.00 
24.00 
31.00 
$13.25 $11 25 
1890 
1902 
1903 
1904 
13.00 11.50 
1891 
13. 50 12. 25 
1892 
14. 50 1 2- 50 
1893... 
1905 
19.50 
21.50 
17. .50 
17.50 
17.50 
17.50 
17.50 
23. 50 
14 75 
1894 
1906. . 
16 50 
1895 
ISO" 
14 75 
1896 
1908 
13.50 
1S97 
1909 
13.50 
1898 
1910 
13.50 
1899 
1911 
14.00 
1900. . . 
1 1912 
1 19. 50 
1 
1 1912 figures 20 to 30 per cent higher than average sale prices. Compare with tables 5 and 16. The sudden 
jump in prices in 1912 was due to a revision of the Association's list prices. These list prices furnish only a 
slight basis for actual prices, being used to maintain and if possible to raise actual prices. 
It will be noted that these list prices run from 50 cents to $1.25 
higher on the No. 4 grade than the actual sale prices, and from $2 to 
$3 higher on the No. 1 grade. They give a good idea, however, of the 
upward trend of North Carolina pine lumber prices during the last 
24 years. Table 18, which gives the average of the above list .prices 
in five-year periods, emphasizes still more strongly the upward ten- 
dency of prices, especially for the lower grades. 
Table 18. — List prices of the North Carolina Pine Association averaged for 5-year periods, 
f. o. b. Norfolk per thousand board feet. 
Period. 
Xo. 1. 
No. 14 
(edge box.) 
Period. 
No. 1. 
No. 4 
(edge box.) 
1889-1890 
$15. 00 
15.00 
16.00 
$7.50 
8.25 
9.25 
1901-1905 
$22. 00 
£12.50 
1891-1895. . . 
1906-1910 .. 
27. 70 S 14. 35 
1896-1900- - - 
1911-1912 
30.00 1 16-75 
Despite the constant rise in prices the yellow-pine lumber industry 
has at frequent intervals been seriously handicapped by over pro- 
duction of the lower grades. More recently, however, the tendency 
of the market has been to call for a large and steady supply of low- 
grade lumber. 
In any event, conditions in regard to low-grade lumber are appli- 
cable more to the general lumber market than to lumber produced 
for local consumption. In the region under consideration, which is 
rapidly developing along agricultural lines and has immense opportu- 
nities for further development, the local lumber trade will become of 
more and more importance, especially so since the supply of standing 
timber is becoming more and more limited. In the future, however, 
wherever it is planned to grow timber for production of lumber for 
the general market, it will undoubtedly be very important to produce 
a large percentage of the upper grades. 
