34 
BULLETIN 6S3, U. S. DEPARTMENT OF AGRICULTURE. 
Table 13. — Average wholesale prices 1 of elm lumber (per 1,000 board feet) f. o. b. mill, 
based on actual sales by mills in Wisconsin, January and February, 1917 . 
Grade. 
Soft elm. 
Rock elm, 
8/4. 
Firsts and seconds 
No. 1 common 
No. 2 common 
No. 3 common 
No. 2 common and better. 
S36. 63 
26.87 
18.1-1 
14.42 
24.91 
$43. 08 
32.94 
21.75 
15.33 
30.57 
?4S.36 
37.36 
19.00 
16.37 
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: 
$3. 00 (7) 
S3. 71 (26) 
5. 25 (8) 
4. 25 (12) 
4. 65 (10) 
Vermont 
4. 07 (15) 
New York 
5. 07 (14) 
6. 17 (56) 
Perrnsvlvania 
5.35(30) 
5.93 (31) 
Average of 5 States. 
4.74(76) 
5.40(133) 
North Central States: 
Ohio 
Indiana 
7.11 (37^ 
7. 64 (52) 
9. 43 (76) 
7. 78 (78) 
Average of 2 States 7. 42 (89) 
8. 59 (154) 
Southern Appalachian States: 
Marvland 4.50(2) 4.56 rS) 
Virginia 2.17(6) 2.67 (3) 
West Virginia 2,19(8) : 3.00(1) 
Kentucky 3.82(24) 4.09 (29) 
Tennessee 2.29(13) \ 2.S0(33) 
North Carolina 3. 70 (5) 
Average of 6 States. 
3.04(53) 
3. 51 (79) 
Lake States: 
Michigan — 
Upper Peninsula 4. 03 (19) 
Lower Peninsula 8. 34 (62) 
Southern tier of comities 9. 67 (6) 
Stateaverage 7.49(87) 8.77(82) 
Wisconsin 4.72(76) 5.01 (112) 
Minnesota 4.22(9) j 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 1S99 give a stumpage price 
for elm of S3. 43 per thousand board feet for Michigan and 82.39 for 
Missouri, and an average for the United States of 83.30. 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 
88.40 per thousand board feet in the Northeastern States (Maine, 
New Hampshire, Vermont, Massachusetts, New York, and Perm- 
