LAND VALUATION 229 



Southern Appalachian slopes. 

 Western yellow pine on moist sites. 

 Lodgepole pine. 

 Engehnann spruce. 

 Sugar pine. 



It will be noticed that these lists do not make any reference to the 

 raising of large sized hardwoods. It is true that wide, clear 

 boards of oak, ash, cherry, etc., cannot be grown profitably with 

 a stumpage price of $10 per M. What has happened in Europe 

 and will unquestionably happen here is that the stumpage prices 

 of high grade hardwood will go above $10. For 200 year oak $50 

 per M has been paid in Germany. 



