174 A MANUAL OK FORESTRY 



rarely receive over ^ per thousand. In other words, he pays a 

 commission of 83 to the lumberman. 



Flu following is a summary of prices and costs for an average 

 lumber operation, when the price of logs at the mill is $12 and 

 for sawed lumber delivered is $20 per M. 



Per M. Per M. 



Stumpage price $3 . oo 



Lumberman's profit 3.00 



Cost of cutting, skidding, and hauling 6.00 



Cost of logs at the mill $12.00 



Cost of sawing 3 . oo 



Cost of transporting 2 . oo 



Millman's profit 3.00 



8.00 



Sawed lumber delivered $20.00 



In the future this method will largely give way to that of sell- 

 ing at a definite rate per thousand feet, board measure (or other 

 unit), based on the actual cut at the mill. 



When the stumpage value per thousand feet and per cord has 

 been ascertained, it is an easy matter to determine the value of 

 the standing timber on a lot by simply multiplying by the amount 

 obtained in the estimate. 



In many cases when lumbermen make an offer for the stump- 

 age the computations above referred to will be useful to ascertain 

 whether offers are satisfactory or not. The experienced lumber- 

 man does not make these detailed computations but knows from 

 past experience about what he can give for stumpage to make a 

 fair profit. 



Most timber in the past has been sold by the lot and not by 

 stumpage price, but even in this case both the purchaser and the 

 seller have their estimates of the amount of lumber on the lot, 

 and regulate their prices accordingly. 



