I believe that Brian is essentially correct. The older wood in the center of the tree is considered harder and stronger, sometimes by as much as fifty percent (species variation). I assume that the tendency to resist bending, and break when the wood reaches a certain point of tension or compression, is a characteristic given to stronger wood within the same tree. The inner older cells may be considered dead, no longer utilized for water transport. The accumulated resins and other things that have deposited in the dead cells make it harder and less resistant to decay and insects (harder), and also gives the deeper color. Perhaps the tendency for the juvenile wood to bend better is due to the higher water content, I think that is a deduction that could be made.