TITLES 51 



Per lineal foot 



Poles — cutting and peeling $0.02 



hauling 10 miles o . 02 



Total $0.04 



or $1 for a 2S-foot pole. 



Ties — cutting, hacking and peeling $0. 10 



hauling 5 miles O. 20 



Total $0.30 



Posts — cutting $0.03 



hauling 5 miles o 05 



Total $0.08 



Deducting these costs from the sale values given above it is 

 clear that it is possible to have margins for stumpage and profits 

 as follows: 



Each 



Poles $i.oo-$3.oo 



Ties o. 20 



Posts J 0.22 



To put this on a board foot basis it will be necessary to assume 

 certain equivalents. For poles a conservative converting factor 

 is 50 board feet for a 25-foot, 7-inch pole. There are more than 

 25 board feet in a tie eight feet by six inches by seven inches. 

 A post eight feet by four inches in diameter contains approxi- 

 mately 10 board feet. Hence poles may yield a stumpage price 

 of $10 to $20 per M, ties $5 to $8 and posts $15 to $20. The 

 average figures are, of course, much lower than this on account 

 of long hauls, poor markets, and bad management. No figures of 

 costs in man hours and horse hours exist for this type. 



Land Values. — ^Land values are low for this type because it 

 yields little in timber and needs expensive drainage before it can 

 be made arable. Hence it has little or no value unless it can be 

 drained and turned into celery beds or flooded for cranberry 

 growing. 



Titles. — Title problems have already been discussed for the 

 hardwood and white pine types so that no further remarks are 

 necessary for this type since it does not differ from the surround- 

 ing upland in title history. 



