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APPENDIX. 



paid, and this year millions of feet stumpage have been sold at 

 more than $8 per M ft. Spruce stumpage is given as ranging 

 between $2 and $3, when actual sales in New York were made 

 at more than the latter price. 



The range of average stumpage varies from 80 cents in 

 Washington to $4.95 in Iowa, while saw logs are valued from 

 $4.02 in Nevada to $12.16 in Iowa, or $6.28 for the country, 

 the cost of logging being therefore $3.90 per M in the average 

 and may go up as high as $7. At present, with increase in 

 labor and provisions, this cost is increased considerably. 



The average stumpage values per M feet B.M. of different 

 species based upon the statements of forest-owning lumber- 

 men figure out as follows : 



Conifers 



White Pine . 



Norway Pine . 



Hemlock 



Spruce 1 ... 



Sugar Pine 



Cedar .... 



Yellow Pine a . 



Cypress .... 



Redwood . . 



Tamarack 



Red (Douglas) Fir 



Hardwood 



Black Walnut . . .5.00 



Elm 3.30 



White Oak .... 3.18 5.38 



1 Spruce stumpage in New York is now not less than $4. 



2 Mixes southern and western yellow pine ; the former alone appears 

 to average $1.20, its maximum $1.60 in Virginia, an exceedingly low 

 figure for good pine property, which is now often sold at more than 

 double this figure. 



3 Includes probably all commercial oaks. 



