16 BULLETIN 234, U. S. DEPARTMENT OF AGRICULTURE. 



Estimated conversion costs and stumpage value of tie timber. 



Depreciation on improvements and equipment 



Maintenance of improvements and equipment 



Overhead expenses (office, supervision, sales, insurance, etc.) 

 Current operating expenses: 



Making (felling, bucking, hewing) 



Brush disposal and cutting defective timber 



Hauling and banking 



Driving and booming 



Loading 



Total cost of production 



Average cost (90 per cent first class; 10 per cent second class) 



Average price received, f. o. b. cars 



Difference for profit and stumpage 



Stumpage value, allowing 20 per cent profit 



Firsts. 



Seconds. 



SO. 020 



SO. 0019 



.018 



.0020 



.025 



.0027 



.150 



.100 



.030 



.030 



.060 



.060 



.072 



.072 



.018 



.018 



.393 

 $0.3824 

 .62 

 .2376 

 .13 



.2866 



Conversion costs and stumpage value of saw timber. 



Per thousand 

 T . board feet 



Logging: log scale. 



Depreciation on improvements and equipment $0. 51 



Maintenance of improvements and equipment 35 



Overhead expenses (supervision, office, scaling, etc.) 40 



Current operating expenses — 



Felling and bucking $1. 00 



Swamping and skidding 1. 10 



Brush, disposal and defective timber 75 



Temporary roads 35 



Hauling and banking 1. 45 



Driving and booming 1. 12 



5.77 



Total cost of logs at mill 7. 03 



Per thousand board feet. 



Milling and marketing: tally. scale. 1 



Depreciation on improvements and equipment $0. 58 $0. 70 



Maintenance of improvements and equipment 23 .28 



Overhead expenses (sales, insurance, supervision, office, etc.). .54 .65 

 Current operating expenses — 



Milling 2.18 2.62 



Yarding 54 .65 



Planing and finishing 83 1. 00 



Grading and loading 55 .66 



Total milling and marketing 5. 45 6. 56 



1 The amount of lumber actually sawed out at the mill is estimated to overrun that shown by the log 

 scale by 20 per cent. Consequently the figures in this column are obtained by increasing by 20 per cent the 

 costs per 1,000 board feet as shown by the lumber tally. 



