FOREST MANAGEMENT OF LOBLOLLY PINE. 
23 
Table 21. — Xet profits per acre and corresponding comp&und interest rates from loblolly 
pine, for different initial investments, rotations, and distances from market. 
QTJALITY III. 
-FOR TREES 7 INCHES AND OVER IX DIAMETER BREAST HIGH. CUT AND 
GRADED AS NORTH CAROLINA PIXE LUMBER. 
Xet profit 3 and corresponding compound interest rate * on 
Initial investment. 
total initialin vestment at different distances from 
market 
Cost 2 of ad- 
or shipping point. 
ministration 
Rota- 
tion. 
and taxes at 
6 per cent 
1 mile. 4 miles. 
3 miles. 
16 miles. 
compound 
interest. 
Land. 
Forma- 
tion.i 
Total. 
Xet 
profit. 
Inter- 
est 
rate. 
Xet 
profit. 
Inter- 
est 
rate. 
Xet 
profit. 
Inter- 
est 
rate. 
Net 
profit. 
Inter- 
est 
rate. 
Year*. 
Per ct. 
Per ct. 
Perct. 
Perct. 
1 $0 
1 3 
$5 
8 
] 
[ $2.95 
2. 3-5 
82. 39 
1.97 
$r. 74 
1.50 
$0. 4S 
0.46 
So 
1 5 
10 
\ 82.21 
).....'.'. 
J 7 
12 
20 
10 
f o 
J 3 
1 5 
10 
13 
15 
17 
5 
3. 31 
] 
( 1.85 
.85 
1.29 
.61 
.64 
.31 
j._ 
1 
1 17.78 
5.18 
15. 65 
4.s4 
12.94 
4.35 
7.76 
3.17 
. 
J 3 
8 
,n 
I 14.78 
3.56 
12.65. 
3.21 
9.94 
2.73 
4.76 
1.57 

1 5 
10 
1 12.78 
2.78 
10.65 
2.45 
7.94 
1.97 
2.76 
.82 
30 
I 7 
12 
J 
I 10.78 
2.16 
8.65 
1.83 
5.94 
1.35 
.76 
.20 
f 
10 
1 
f 15.40 
3.16 
13.27 
2.86 
10.56 
2.43 
5.38 
1.44 
in 
3 
13 
,u 
J 12.40 
2.26 
10.27 
1.96 
7.56 
1.54 
2.38 
.56 
1 5 
15 
1 10.40 
1.77 
8.27 
1.47 
5. 56 
1.06 
.38 
.08 
I 7 
f ° 
17 
5 
J 
I 8.40 
f 43.37 
1.35 
5.84 
6.27 
38.80 
■ 1.05 
5.58 
3.56 
32.93 
.63 
5.20 
21.66 
4.27 
, . 
3 
8 
I 9.29 
I 40.37 
4.60 
35.80 
4.34 
29.93 
3.97 
18.66 
3.06 
5 
10 
1 3S.37 
4.02 
33. 80 
3.76 
27.93 
3.39 
16.66 
2.48 
40 
1 7 
12 
1 
I 36.37 
3. 55 
31.80 
3.29 
25.93 
2.92 
14.66 
2.02 
1 " 
10 
i 
f 38. 73 
4.04 
34.16 
3.78 
28.29 
3.41 
17.02 
2.52 
10 ' 
13 
[ 13. 93 
J 35.73 
3.36 
31.16 
3.10 
25.29 
2.74 
14.02 
1.85 
5 
15 
1 33.73 
2.99 
29.16 
2.74 
23.29 
2.37 
12.02 
1.4S 
I 7 
17 
J 
I 31. 73 
2.H7 
27.16 
2.42 
21.29 
2.05 
10.02 
1.16 
{ o 
.5 
1 
I 80.22 
5.83 
72.20 
5.63 
61. SO 
5. 32 
41.64 
4.57 

8 
17.42 
I 77.22 
4. 84 
69.20 
4.64 
58.80 
4.34 
38. 64 
3.59 
10 
1 75.22 
4.3S 
67.20 
4.17 
56.80 
3.87 
36.64 
3.13 
50 
I : 
12 
J 
I 73.22 
4.00 
65.20 
3.79 
54.80 
3.49 
34. 64 
2.75 
1 " 
10 
| 
f 71.51 
4.29 
63.49 
4.07 
53.09 
3.75 
32. 93 
2.96 
3 
13 
| 26. 13 
I 68.51 
3.74 
60.49 
3.53 
50.09 
3.21 
29. 93 
2.42 
1 "• 1 o 
15 
1 66.51 
3.44 
58-49 
3.23 
48.09 
2.91 
27.93 
2.12 
' 
17 
I 
I 64.51 
3.18 56.49 
2.97 
46.09 
2.66 
25. 93 
1.S7 
1 Cost of establishing a loblolly pine stand, either by natural or artificial reproduction. 
2 Three cents per acre annually for administration '(including fire protection), and 6 mills on the dollar 
(full valuation) annually for taxes, -which is above present average tax for the region. 
3 Stumpage value as given in Table 15. less original cost of formation and total cost of administration and 
taxes. Where no net profit is shown, a loss is indicated. 
4 Calculated by formula p=100 
# 
-L-A 
=number of 
where j p=compound interest rate,. 
-E-f- F / 
years or rotation. 5=stumpage value at n years. i=cost of land, .F=cost of formation, and .l=eost of 
administration and taxes in n years at 6 per cent compound interest. 
