9 2 



FOREST VALUATION 



In central Europe most of the timber is cut, or cut and skidded 

 to the road and sold not really as stumpage but as logs ready for 

 hauling. Here the prices have gradually settled to a fairly exact 

 condition, the value of the logs depending on mill or market value, 

 and cost of transportation. 



The prices vary little from year to year, have risen steadily for 

 many years, about doubled, in Germany in the last sixty years. The 

 timber is bought at auction, the bids usually naming a per cent of 

 the price set by the forest office. 



In pine and spruce the timber is classified by the cubic contents 

 of the stem, i. e., the number of cubic feet per stem. The following 

 figures illustrate : 



Spruce, logs cut full length, ready to haul: 



Pine, stems cut full length, ready to haul : 



Cordwood : 4 cts. solid, or $3.60 per cord. 



White oak, classification by middle diameter of stem: 



