Another evidence of shortage is the almost total disappearance of certain valuable species. Hickory, which once made American buggies famous, is getting very scarce, and black walnut once commonly used for furniture, is available now for only fine cabinet work, veneers, gun stocks, etc. Hardwoods that are fit for the saw are rapidly decreasing. The hardwood cut of 1900 of 8,634,000 M feet diminished in 1904 to 6,781,000 M feet.
Fig. 117. (Lumber Production by Species).
A still further evidence of the decreasing supply, is the rising scale of prices. White pine, which sold for $45.00 per M during 1887-1892, sold for $100.00 f.o.b. N. Y., Jan. 1, 1911. Yellow poplar went up in the same period, 1887-1911, from $29.00 to $63.00. Yellow pine rose from $18.00 in 1896 to $47.00 in 1911, and hemlock, the meanest of all woods, from $11.50 in 1889 to $21.00 in 1911, Fig. 118.
Fig. 118. Wholesale lumber prices, 1887-1911.
The qualities of lumber shown in the above chart are as follows:
White Ash, 1st and 2d, 1" and 1½" x 8" and up by 12'-16'.
Basswood, 1st and 2d, 1" x 8" and up by x 00".