486 



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 : — 



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. 



8 Includes probably all commercial oaks. 



