If there are differences within a growth ring, then the part of a growth ring nearest the center of the tree, and formed early in the growing season when growth is rapid, is usually composed of wider elements. It is usually lighter in color than that near the outer portion of the ring, and is known as earlywood or springwood. The outer portion formed later in the season is then known as the latewood or summerwood. However, there are major differences, depending on the kind of wood.

Source: Wikipedia

In the case of the ring-porous hardwoods there seems to exist a pretty definite relation between the rate of growth of timber and its properties. This may be briefly summed up in the general statement that the more rapid the growth or the wider the rings of growth, the heavier, harder, stronger, and stiffer the wood. This, it must be remembered, applies only to ring-porous woods such as oak, ash, hickory, and others of the same group, and is, of course, subject to some exceptions and limitations.

In ring-porous woods of good growth it is usually the latewood in which the thick-walled, strength-giving fibers are most abundant. As the breadth of ring diminishes, this latewood is reduced so that very slow growth produces comparatively light, porous wood composed of thin-walled vessels and wood parenchyma. In good oak these large vessels of the earlywood occupy from 6 to 10 per cent of the volume of the log, while in inferior material they may make up 25 per cent or more.

The latewood of good oak is dark colored and firm, and consists mostly of thick-walled fibers which form one-half or more of the wood. In inferior oak, this latewood is much reduced both in quantity and quality. Such variation is very largely the result of rate of growth.

Wide-ringed wood is often called "second-growth", because the growth of the young timber in open stands after the old trees have been removed is more rapid than in trees in a closed forest, and in the manufacture of articles where strength is an important consideration such "second-growth" hardwood material is preferred. This is particularly the case in the choice of hickory for handles and spokes. Here not only strength, but toughness and resilience are important.

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The strength is in the walls, not the cavities. Hence the greater the proportion of latewood the greater the density and strength. In choosing a piece of pine where strength or stiffness is the important consideration, the principal thing to observe is the comparative amounts of earlywood and latewood. The width of ring is not nearly so important as the proportion and nature of the latewood in the ring.

If a heavy piece of pine is compared with a lightweight piece it will be seen at once that the heavier one contains a larger proportion of latewood than the other, and is therefore showing more clearly demarcated growth rings. In white pines there is not much contrast between the different parts of the ring, and as a result the wood is very uniform in texture and is easy to work. In hard pines, on the other hand, the latewood is very dense and is deep-colored, presenting a very decided contrast to the soft, straw-colored earlywood.

It is not only the proportion of latewood, but also its quality, that counts. In specimens that show a very large proportion of latewood it may be noticeably more porous and weigh considerably less than the latewood in pieces that contain but little. One can judge comparative density, and therefore to some extent strength, by visual inspection.
The twisty branch of a Lilac tree

No satisfactory explanation can as yet be given for the exact mechanisms determining the formation of earlywood and latewood. Several factors may be involved. In conifers, at least, rate of growth alone does not determine the proportion of the two portions of the ring, for in some cases the wood of slow growth is very hard and heavy, while in others the opposite is true. The quality of the site where the tree grows undoubtedly affects the character of the wood formed, though it is not possible to formulate a rule governing it. In general, however, it may be said that where strength or ease of working is essential, woods of moderate to slow growth should be chosen.

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In diffuse-porous woods, as has been stated, the vessels or pores are even-sized, so that the water conducting capability is scattered throughout the ring instead of collected in the earlywood. The effect of rate of growth is, therefore, not the same as in the ring-porous woods, approaching more nearly the conditions in the conifers.

In general it may be stated that such woods of medium growth afford stronger material than when very rapidly or very slowly grown. In many uses of wood, total strength is not the main consideration.

If ease of working is prized, wood should be chosen with regard to its uniformity of texture and straightness of grain, which will in most cases occur when there is little contrast between the latewood of one season’s growth and the earlywood of the next.

Source: Wikipedia