AMERICAN TIMBER TRADE

Wanganui Chronicle, Volume LXXXIII, Issue 20109, 30 March 1928, Page 9

AMERICAN TIMBER TRADE

EFFECT OF OVERPRODUCTION. The timber industry in the United , States is not in a very healthy position at present, according to Mr E. A. Wyld, president of the First National Bank, Portland, Oregon, who was a passenger from Vancouver by the Aorangi this week. Mr Wyld is in constant touch with the industry, Portland being in the centre of a large timber growing district.

Much of the trouble seemed to lie in over-production, he said, many mills, which were under capitalised, having to produce at a loss in order to keep going. “They cannot get a good price for their timber,” ho added. “It is not because there is any slackening in the demand, but due to the fact that the markets arc being over-fed. I expect this will right itself in time.” The question of reafforestation was creating wide interest, and althougn nothing had been attempted on a national scale, the Government realised the necessity of doing something if the great timber assets were to be maintained. Mr Wyld said the cost of putting an afforestation scheme on a good footing would be enormous.