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ng the ten years following. Any yield figures for an even-aged forest show a similar jump at the point where the stand as a whole reaches the determined minimum merchantable size. For the same reason these hemlock figures are not very far less promising than those given for fir, for at corresponding ages the latter include 12 and 13-inch trees and all trees are considered merchantable to a top diameter of 8 inches. SPRUCE Since no systematic study of Sitka spruce second growth has been made, it can only be predicted from knowledge of its habits that while in favorable situation it will yield as heavily as Douglas fir, in other localities its growth in early life is slower and less regular, making it less likely to produce a good crop before the carrying charges become burdensome. If this proves true, taxation rates and land values will be extremely important factors, offset to some degree by a smaller fire hazard and the probability of high stumpage. REDWOOD For redwood we also lack good figures for any considerable range of conditions and ages, for redwood growth which followed burns does not exist and there are no very old cuttings. Government studies on the northern California coast prove conclusively, however, that this is our most rapid growing native commercial tree. In thirty years, in fair soil, it will produce a tree of 16 inches diameter, 80 feet high, and some existing 45-year stands run 20 to 30 inches on the stump and about 100 feet high. Reckoning 14-inch trees as merchantable, to be used to 10 inches in the tops, a 25 to 30-year second growth after logging near Crescent City was found to have 2-1/2 M feet to the acre and the future increase should be very rapid. There is little question of the profit of growing redwood, provided the difficulties described elsewhere of getting a dense crop started are overcome. PROFITABLE THINNINGS In addition to the yield of saw timber to be expected when the second crop reaches manufacturing size, there will be a market in many cases for material obtained by thinning. It is perfectly fair to compound for the remainder of the rotation any net profit so obtained and to set it against the carrying charges. In many cases it will go far to turn an apparently losing investment into a very profitable one. Moreover, the proper thinning of growing stands not only utilizes material which would otherwise die and be lost before the main harvest, but actually improves
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