- Project Runeberg -  Finland : its public and private economy /
88

(1902) [MARC] Author: Niels Christian Frederiksen
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17-20ths was manufactured in the saw-mills. The
greatest progress took place after the Franco-German
War, when the large demand for wood in these speculative
times — the “milliard period” — led foreigners to
place a considerable amount of capital in the lumber
business, and when large saw-mills were built on the
rivers. In the five years from 1875-79 the export
increased till it was one-half larger than in the
preceding five years. In 1877 it was three times as
large as in 1870. It decreased during the Russo-Turkish
War, but in 1880 it was larger than it had
ever been. These periods do not exactly follow the
economic movements of the world. With wood, as
with iron, a demand continues after the period of
prosperity, on account of buildings begun and
contracts made during this period, although the periodic
reaction in the level of prices has begun. It takes
also a long time, sometimes as much as four years, for
the felled trees to come, first, out of the forests into
the interior lakes and rivers, then to the saw-mills,
and finally thence into foreign countries. The large
recent increase in the value of this export, an increase
from 50,000,000 marks in the prosperous year of
1876 and 40,500,000 as late as 1892 to 101,000,000
in 1899, is largely the result of the general
economic development of the world, and of the greater
demand which has increased the price. But it has
only been made possible by the Finlanders’ ability to
produce. It is an advance which will continue, even
though a reaction may take place at certain periods.
In quantity, timber from the saw-mills has increased
from less than half a million cubic metres per annum
in 1865-69, to more than a million per annum in the
period 1875-84, 1¾ million in 1894, and more than
2½ millions in 1899-1900.

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