26 GEOLOGICAIv SURVEY OF NEW JERSEY. 



valued from I5 to $25 per acre. Mr. Pinchot, in his interesting 

 valuation surveys appended to this report, gives the amount of 

 cordwood on some sample plats near Whitings. This timber 

 had not been injured by fires and was a second growth of pine — 

 from 35 to 40 years old. One plat gave 13 cords per acre and 

 another 7 cords, there being practically no merchantable tiniber. 

 At 50 cents per cord this corresponds to a value of from $3.50 

 to $6.50 on the stump. Forest which has been fired is worth 

 much less, and it would seem that a value of $25 for pine 30 

 years old is rather exceptional. 



The value of pine 50 years old, as returned by correspondents, 

 ranges from $10 to |ioo per acre. Referring again to Mr. Pin- 

 ch ot's returns for old forest, the average of 12 acres at Winslow 

 we estimate to be worth $46 per acre on the stump, and the 

 average of 5 acres at New ^Lisbon $30.50 per acre. Both of 

 these are exceptionally good timber, and have not been injured 

 by fire. A second growth of pine at Whitings, 50 to 60 years 

 old, is, on the basis of Mr. Pinchot's returns, worth $16 per acre. 

 This, also, has not suffered from fire. 



It would seem, therefore, that, exclusive of the' value of the 

 land, the best of the pine forest ranges in value from $16 to $50 

 for an age of 50 years upward. And the range is from these 

 figures down to nothing, with much the larger part of the area 

 worth less than $10 per acre. For the entire area the pine forest 

 will not average above $10 per acre, land and timber included. 

 Of course, in certain localities this pine forest is worth more for 

 other purposes than for forest product. This is especially true 

 of portions which have a reputation as winter resorts, and in 

 time a considerable value may attach to much of this land for 

 such purposes. 



Cedar swamp is valued as follows : Stump land, $5 to $10 ; 

 35 years' growth, $15 to I200 ; 50 years' growth, $75 to $400 ; 

 location and thriftiness both affecting the value so as to cause 

 wide ranges. Heavy cedar swamp has been known to sell as 

 high as $800 per acre. We estimate the average value of all 

 cedar swamp in the State at about $90 per acre, although this 

 valuation is tentative and somewhat uncertain. 



Nearly all of the streams of the pine belt are fringed with 

 cedar swamp, in belts varying from a few yards to miles in width. 



