24 



NORTHERN HARDWOOD TYPE 



Altho compiled from records of actual sales kept by the Office of 

 Industrial Investigation they cannot be taken as average figures 

 for the regions referred to because they apply to only the most 

 accessible timber. Inaccessible timber would not be sold. As a 

 whole, then, they are higher than can be expected on the average. 

 Furthermore there is considerable variation within the groups 

 of states cited. Among the northeastern timbered states New 

 York and Pennsylvania record the highest stumpage, as might 

 naturally be expected from their advanced industrial develop- 

 ment. However, Ohio and Indiana have still higher prices but 

 they are essentially agricultural states with very little true forest 

 soil. In the Great Lake region Michigan with its large manu- 

 facturing interests shows the highest stiunpage prices. For the 

 same reason Maryland leads among the states of the southeast. 

 The following table shows for each of the important hardwood 

 species the maximum and minimum prices recorded in 191 2 with 

 the state in which they occur. 



MAXIMUM AND MINIMUM STUMPAGE PRICES 

 1912 



It is evident that maple commands the best price in the north 

 central states where the nearness to market, small supply, and 

 high quality aU combine to increase the stumpage price. Both 

 Ohio and Indiana are primarily agricultural and manufacturing 

 states so that what little timber is left would naturally be valuable 

 and in addition the finest quality of maple grows in deep, agri- 

 cultural soil such as occurs in these states. Of the northeastern 

 states New York repotts the highest prices and Vermont the 

 lowest but there is only a range of $1.72 or 40 per cent. In the 



