176 ITMBER VALUATION 



producing continuous crops of timber. What he wants to know 

 is what will bring him the most per acre. In other words, his 

 point of view is different from that of the lumberman who think s 

 only in terms of logs. In fact the acreage, and not the log, basis 

 seems the reasonable attitude for aU timberland owners to take 

 irrespective of whether they are going to raise continuous crops. 

 In purchasing or operating a tract the owner is anxious to get a 

 large net yield per unit area irrespective of whether it comes from 

 choice logs or branchwood. Like the meat packer the timber- 

 owner can no longer afford to neglect his by-products. 

 Wholesale values per M feet board measure in timber and 

 supplementary products at mill, January i, 1920. 



Group I. Values of $50 per M and more. 



A. Cabinet and furniture woods with merchantable tops. 



Yellow poplar, walnut, white and red oak, maple, 

 birch, and black cherry. 



B. Wide, clear softwoods, tops not merchantable. 



Virgin white pine, silver pine, sugar pine, and red- 

 wood. 



C. Softwood valuable for interior finish and dimension 



stock, tops usually merchantable. 

 Southern yellow pine. 



D. Special hardwoods, tops merchantable. 



Ash and hickory. 



Group II. Values of $40 per M and more. 



A. Second grade hardwoods, tops usually not merchant- 



able. 

 Chestnut, black oak, basswood, red gum, cotton- 

 wood and tupelo, beech. 



B. Softwoods mostly used for dimension tin\ber. 



Cypress, western yellow pine, western larch, spruce, 

 and Douglas fir. 



C. Shingle woods. 



White cedar and western red cedar. 



D. Pencil and chest wood — eastern red cedar. 



