SHORTLEAF PINE IN VIRGINIA 



31 



for cordwood from a thinned stand, it is assumed that thinnings 

 produce the returns allowed in column 7, Table 8. 



In the table for board feet from a thinned stand, thinnings 

 are supposed to be made without either profit or loss. The inter- 

 est yielded is gross, and includes taxes and the cost of protection 

 items which would usually amount to about one per cent, of the 

 land value and would correspondingly reduce the returns. 



TABLE 13. 

 SAW TIMBER STUMPAGE AT $2 A THOUSAND BOARD FEET. 



Gross rate per cent yielded by stands of old-field pine on a land value of 



$5 on acre.* 



TABLE 14. 

 CORDWOOD STUMPAGE OF FINAL YIELD AT 25 CENTS A CORD. 



Gross rate per cent yielded by stands of shortleaf pine in old-field with a 

 land value of $5 an acre.* 



Gross rate per cent, includes taxes and cost of protection as well as the Interest on 

 the investment. 



