poplar for pulpwood. Their first plantation, recently cut, returned 
a yield of pulpwood in excess of expectations. Deducting all costs 
of planting, care and logging, from the value of the pulpwood at 
the mill showed a fair net profit. The company sees an opportunity 
for supplying their mill through reforestation at lower than present 
prevailing pulpwood prices in spite of the difficulties which are being 
encountered. In the Lake states many companies such as the Cor- 
nell Wood Products Company, the Kimberly Clark Company, the 
Marathon Paper Mills Company and the Nekoosa-Edwards Paper 
Company are adopting forestry measures in handling their wood 
lands. 
In the South, the Southern Paper Company, a subsidiary of the 
Great Southern Lumber Company, has undertaken an intensive 
planting program on tax contract lands. The Champion Fibre 
Company in North Carolina sees in reforestation of its spruce and 
poplar stands its best opportunity for permanently sustained mill 
operation. Many other companies like the Hammermill Paper 
Company, the West Virginia Pulp and Paper Company, and the 
Bedford Pulp and Paper Company are undertaking extensive for- 
estry measures. 
The Naval Stores Industry of the South has been aroused. A 
research institute is being organized by the industry, and one of its 
major projects is to work out methods of forestry practice for suc 
cessive crops of pine for turpentining. Recently a large naval stores 
distributing company purchased nearly 200,000 acres of pine lands 
and placed a competent forester in charge to manage the areas 
as a permanent source of naval stores. 
Other wood-using industries, like wood turning, cooperage, 
novelty, handle and vehicle stock manufacturers are supporting the 
general forestry movement and many individual companies have 
undertaken some form of management of its lands. The Pennsyl- 
vania coal companies, forced to import much of their mine timber 
from the South, have taken an advanced stand on forestry, and 
many are planting up areas which have been denuded by fire. Dur. 
ing the past spring thirty-seven mining companies planted more 
than 1,565,000 trees on their property, making a total of over eight 
million forest trees which have been supplied to mining companies 
from the state nurseries up to the present time. 
No discussion of commercial forestry would be complete with- 
out mention of the work done by many educational institutions, of 
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