MARKET AND STUMPAGE. 



15 



white oak which brought him $2,000, held the land four or five years, 

 and finally sold it for over $10,000. Doubtless this is an extreme 

 case, but there are many which, while not involving as large an 

 amount of profit and loss, have yet failed to net the owner anything 

 like the true value of his timber. 



The sale value of timber, as of any other raw material, is the 

 market value of the finished product less the cost of production and 

 a reasonable profit. In the following chapters of this part of the 

 bulletin there will be discussed the market value of the various 

 products of Connecticut forests, the costs of getting them from the 

 stump to the market, and derived from these two factors the approxi- 

 mate value of the standing timber (stumpage value) for each of its 

 principal uses. 



MARKET VALUES AND USES OF NATIVE FOREST PRODUCTS. 



LUMBER, BY SPECIES. 



The amount of lumber annually brought into Connecticut from 

 other States greatly exceeds the annual cut in the State itself. 

 Yellow pine from the South, cedar and fir from the Pacific coast, and 

 white pine and spruce from northern New England form the bulk 

 of the imports, though a considerable amount of hardwoods, including 

 chestnut and oak, is also brought in. 



In 1909 the lumber cut for Connecticut exceeded that for any 

 previous year of which there is record. Table 1, compiled by the 

 Bureau of the Census, gives the production of lumber in that year 

 by species. 



Table 1. — Lumber cut of Connecticut, 1909. 





Board feet. 



White pine 



30, 579, 000 



11,177,000 



2,152,000 



262, 000 



78, 000 



1,000 



Hemlock 









Balsam fir 



Total softwoods. 



44,249,000 



Chestnut 



77, 604, 000'' 







bak 



Maple 



Hickory . . . 



Ash 



Birch 



Beech 



Basswood.. 

 Cottonwood 



Elm 



Walnut.... 



Board feet. 



34,246,000 



3,924,000 



2, 442, 000 



1,684,000 



1,361,000 



804, 000 



745, 000 



476, 000 



367, 000 



186, 000 



Cherry 



Butternut 



Tupelo (black gum). 

 Sycamore 



Total hardwoods 



Total 



Board feet. 



159,000 

 60,000 

 54, 000 

 10, 000 



124,122,000 



168,371,000 



Chestnut, it will be seen, comprises over 46 per cent and oak over 

 20 per cent of the total cut, while they, with white pine and hemlock, 

 form more than 91 per cent of the total. 



The following are the principal uses and market values for six of 

 the leading kinds of lumber cut in the State: 



Chestnut. — Native chestnut lumber is used very largely for bridge 

 and car construction and in building. It also finds use as interior 

 finish, furniture, molding, and cabinetwork. Because chestnut is so 



