LOBLOLLY OB NORTH CAROLINA TINK. 



133 



TABLE 68. Pen CENT or INCREASE IN UTILIZATION AND PEK CENT or INCBEABE IN THE VALUE or 

 STCMPAOE BT DECADE* 1803 TO 1003 AND 1013, or LOBLOLLY PINE TIMBER, Nourouc DUTKICT.* 



(South of the Roanoke River the average lof and tree are larger but freight rate* are hither.) 



250 bd. ft. 



100 bd. ft. 



230 bd. ft. 



90 .4 per cent 

 54 per cent 

 70 bd. ft. 

 $14.32 

 10 



100 bd. ft. 



100 per cent 

 58 per cent 

 32 bd. ft. 

 $17.77 

 25 



45 



.39 



$12.10 



2.22 



2.03 



$13.75 



4.02 



4.02 



utilisation 420 bd. ft. 



Volume as actually utilised (common logs not 



utilized) 360 bd. ft. 



Per cent of past utilization on basis of present 



utilization (d-*-c) 85.7 per cent 



Per cent of length of tree utilized 50 per cent 



Volume of average log 110 bd. ft. 



Value f. o. b., Norfolk, per 1,000 board feet $11.45 



Per cent of increase in operating costs over 1892 



Operating costs per 1,000 board feet, including 



profits and freight to establish Norfolk price 



parity $11.00 



Stumpage value of utilized timber per 1,000 



board feet (a i) 



Stumpage value based on total content of tree 



(JXe) 



Annual rate Increase in Stumpage value based 



on used portion of tree (j) 1892 to 190S 17 per cent; 1902 ty> 1912 0.3 per cent 



(m) Annual rate of increase in stumpage value 



based on total content of tree (10 1892 to 1902 18.4 percent; 1902 to 1912 7 per cent 



Decline in rate of increase between 1902 and 



1912 (total content) 200 per cent 



Probable rate of increase in stumpage value 



for the next 20 years Z.7 per cent a year. 



(p) Stumpage value 14-inch trees in 1923 based on 



this rate of increase $5.19 per 1,000 board feet 



(q) Stumpage value 14-inch trees in 1933 based on 



this rate of increase $0.78 per 1,000 board feet 



However, if the current rate of increase during the past decade (7 per oent) shall continue for the 

 next 10 years, the price of sturapago in 1923 will be $7.65 per 1,000 board feet. 



Groups of three years taken to avoid abnormal fluctuations in prices. 



* Approximate prices furnished by Mr. W. B. Roper, Secretary North Carolina Pine Association, 



IBark strips were rarely saved prior to 1900. 



{There wan a large proportion of red heart and cull in the early period on account of many of the 

 very large trees being very defective. Small trees now being cut are seldom old enough to have a 

 large proportion of red heart, and have few large knots. A large proportion of the red heart output 

 of some mills comes from the pocoson pine. 



(d) 

 (e) 



(f) 

 (g) 

 (a) 

 (h) 

 (i) 



(k) 

 0) 



(n) 

 (o) 



