34 



BULLETTlSr 683, U. S. DEPARTMENT OF AGEICULTUEE. 



Table 13. — Average wholesale prices^ of elm limiber {per 1,000 board feet)/, o. b. viill, 

 based on actual sales by mills in Wisconsin, January and February, 1917. 



Grade. 



Soft elm. 



Rock elm, 



4/4 



6/4 



8/4. 





S36.63 

 26.87 

 18.14 

 14.42 

 24.91 



S43.08 

 32.94 

 21.75 

 15.33 

 30.57 



$48. 36 



No. 1 common . . 



37 36 



No. 2 common 



19.00 



No. 3 common 



16.37 



No. 2 common and better 









1 Figures compiled from prices of actual sales published in the weekly bulletin of the Northern Hemlock 

 and Hardwood Manufacturers' Association. 



Table 14. — Average stumpage values of elm for 1907 and 1912. 





State and group. 



1907 



1912 



Northeastern States: 



Maine 



$3.00(7) 

 4. 65 (10) 

 4. 07 (15) 

 5.07(14) 

 5. 35 (30) 



$3. 71 (26) 





5. 25 (8) 



Vermont 



4. 25 (12) 



New York 



6. 17 (56) 





5.93(31) 







Average of 5 States 



4. 74 (76) 



5.40 (133) 







North Central States: 



Ohio 



7. 11 (37) 

 7. 64 (52) 



9. 43 (76) 



Indiana .'. 



7. 78 (78) 









7. 42 (89) 



8. 59~(154) 







Southern Appalachian States: 



4. 50 (2) 

 2. 17 (6) 

 2. 19 (8) 

 3.82(24) 

 2. 29 (13) 



4. 56 (8) 



Virginia 



2.67 (3) 





3.00 (1) 



Kentucky 



4.09 (29) 





2. SO (33) 

 3. 70 (5) 



North Carolina 









Average of 6 States 



3. 04 (53) 



3. 51 (79) 







Lake States: 

 Michigan- 



4.03(19) 

 8. 34 (62) 

 9. 67 (6) 









Southern tier of counties 











7. 49 (87) 

 4.72(76) 

 4. 22 (9) 



8. 77 (82) 



Wisconsin . . . . . . 



5.01 (112) 



Minnesota 



6. 70 (33) 







Average of 3 States 



6. 10 (172) 



6. 61 (227) 







Note. — The numerals in parentheses indicate the number of reports on which the averages are based. 

 Taken from Department of Agriculture Bulletin 286, The Northern Hardwood Forest, Table 12. 



VALUE OF STANDING TIMBER. 



Census reports on manufactures for 1899 give a stumpage price 

 for elm of $3.43 per thousand board feet for Michigan and $2.39 for 

 Missouri, and an average for the United States of $3.30. In the 

 report for the year 1904 the price had risen to $5.58 per thousand 

 for the United States. Census figures for later years are not avail- 

 able. Table 14 gives average stumpage values of elm by States and 

 groups of States for 1907 and 1912. These figures are averages of 

 estimates by timberland owners. Reports of actual sales of stump- 

 age in 1912 collected by the Forest Service give an average price of 

 $8.40 per thousand board feet in the Northeastern States (Maine, 

 New Hampshire, Vermont, Massachusetts, New York, and Penn- 



