Abstract Virtually all lumber, lumber products, and primary forest products are at present covered by maximum price regulations of the Office of Price Administration. A few unimportant items, such as wreaths, holly, and Christmas trees, and the very important item, eastern stumpage, are still exempt from price control. The Lumber Branch of O.P.A. has jurisdiction over lumber, primary forest products (except pulpwood and naval stores), and wood products used primarily as industrial materials. Products under the jurisdiction of the Lumber Branch in addition to lumber, logs, and stumpage include wooden containers, cooperage, excelsior, turned and shaped wood products, veneers, plywood, millwork, poles, piling, railroad ties, mine material, and such services as wood preservation, custom milling, and contract logging. In all, these products and services represent a volume of business of at least 5 billion dollars annually. In the following article, which is confined to the illustrative problem of lumber, the views expressed are those of the author and not necessarily those of O.P.A.
Andrew L. Neal (Sun,) studied this question.