Underwater Treasures Posted by Moosehead Lake Region

New Post Public Reply Private Reply Replies (0) Message Board
GET MONEY

Underwater Treasures

Posted by on January 24, 2012

Provided by Todd Morrissette of Deadhead Lumber Company

Hello again! Hopefully you all read my previous blog about the river drives. This blog is a little follow up about them. Remember how I mentioned about 10% of logs transported downriver sank each year? Well picture this – if there were about 8.7 BILLION logs that went to the mills via river, imagine 10% of that number sitting on the bottom of the waterways that participated in the drives. That’s a huge number! Those sunken logs are called Deadhead and that, my friends, is what I’ll be talking about today.

Deadhead are logs that sank over 200 years ago in the river drives that now sit on the bottom of Moosehead Lake and similar bodies of water that partook in the drives. When log rafts broke or storms saturated the logs and caused them to become water logged they sank to the bottom of the lake. Hardwood was also tested on the water and turns out, it doesn’t float so well. So, all these logs have been sitting on the bottom of the lakes since before 1976 when the river drives ended. The same thing has happened in other states and, perhaps, their efforts to salvage those logs are what sparked our interest in them. Over the years people have become interested in these logs and with good reason. Logs submerged at the bottom of these lake beds don’t rot. Pretty amazing, huh? Well because they are 20-60 feet below the surface, parasites, oxygen and sunlight are not threats to the logs. The water keeps them preserved, waiting for us to find them.

Unfortunately, you and I can’t just go out onto the lake and grab these logs at our convenience. In 1999 the State of Maine claimed all submerged logs as their own and any logs found by salvage operators must be purchased from the state. In order to become a salvage operator you need to acquire a permit through the state. Applications are $100 each, non-refundable. You must state your purpose for finding the logs and abide by a strict set of rules prepared by the state. The rules were created to protect our waters and the creatures that inhabit them. The general salvage season is May 1 to September 30. These dates are subject to change to account for ice out and to avoid the disruption of spawning fish. Once you have acquired a permit and begin to search for these logs, you must pay the state at least 20% of the market value for the logs after they are salvaged and ready for sale or processing. There are also salvage limits on how much deadhead you can salvage in any given season. As of right now, you cannot salvage more than 125,000 board feet of sunken logs. For more detailed information please see http://www.maine.gov/doc/parks/programs/subla...59c055.pdf .

One company in particular that has obtained such a permit is the Deadhead Lumber Company of Scarborough, Maine. Deadhead Lumber Co. owns a vessel that is equipped to not only remove logs from salvage waters but it also allows the operator to find the logs. The vessel is equipped with cameras and displays that show images of the lake bottom, making it easier for the operator to locate these valuable logs. The boat is specifically designed like a container port crane in order to haul up each log.

These logs are especially valuable due to their history and preservation. Deadhead Lumber Co. sells the lumber (depending on grade, width, cut and length) for $13 to $20 per square foot of old growth white oak for flooring, compared to other companies that charge $0.30 per square foot of red oak. As you can see by this one example, submerged logs have an extremely higher value than most logs. According to articles I found about the Deadhead Lumber Co., flooring is their number one product, accounting for about 90% of their product. They also offer other products such as finished products like furniture and counter tops, as well as lumber for building homes. Anyone from homeowners to contractors can purchase their products. They offer a variety of woods such as maple, yellow and white birch, white oak, cypress, red oak, and beech wood.

It is a lengthy process to prepare the logs for use. I have a feeling this is one of the reasons the price for submerged logs is so significant. After the logs are discovered there is a three day limit the logs can be out of the water and exposed to oxygen before they are milled. Once milled, the logs are stored in a warehouse for 6-8 months to dry out. Once this step is complete, the logs are then put into a kiln for another month before they are ready.

The river drives provided us with much more than a fun story to tell friends and loved ones. They provided us with an interesting history of the use of our waterways and access to these incredible logs. It’s remarkable how something can go from being a loss at one point in time to a major gain many years later. Thank you river drivers. Thank you Mother Nature. My, what a beautiful treasure you’ve created for us.

Hollund Industrial Marine Inc. (HIMR) Stock Research Links

HIMR Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Medical Device Manufacturing: $135B Market by 2031

Updated Category News Views 96

Skyrocketing Demand in Medical Device Manufacturing You're looking at a market that's gearing up to hit a whopping $135.47 billion by 2031. That's a big leap from its $85.59 billion stature in 2026, showing a strong 9.6% compound annual growth rate (CAGR). Now, if that doesn't get your investor rollercoaster senses tingling, I don't know what will. Key Growth Drivers The...

Continue Reading
LabWare Loop: A Game Changer for Lab Data Integrity

Updated Category News Views 44

Breaking Down Silos in Lab Environments When it comes to the controlled chaos of laboratory operations, data integrity is the name of the game. We're talking about a new way of doing things that doesn't demand a physics degree just to connect the dots between gizmos and databases. Enter LabWare Loop, a solution that's rewriting the data playbook by linking multi-vendor...

Continue Reading
DERMALOG Bolsters Biometric Defense with Key Wins

Updated Category News Views 19

DERMALOG Rides High with PAD Success Germany-based DERMALOG just gave biometric crooks a run for their money. In a testament to gutsy tech work, they've hit a homerun with the latest independent security evaluations. They’ve managed to spot and shut down all 1,500 tried and tested spoofs in presentation attacks—think photos, videos, and phony fingerprints. That’s no...

Continue Reading
Vertiv's Explosive Q3 Growth: A 2026 Power Move

Updated Category News Views 0

Vertiv's Third Quarter Triumph Imagine a company blowing past expectations like a hot knife through butter—yeah, that's Vertiv for you in 2026. These guys didn’t just ride the wave; they created a tsunami in the digital infrastructure sector. Net sales ballooned by a staggering 61% compared to last year's same quarter, pulling in $4.313 billion. When you consider the...

Continue Reading
Seatrium & Karpowership Boost Southeast Asia's Energy Future

Updated Category News Views 45

Anchoring Ambitions: A Fresh Power Pact Seatrium Limited and Karpowership are rolling up their sleeves for a tough yet lucrative mission in Southeast Asia. These two powerhouses are pooling their expertise to beef up the region’s energy supply through floating power solutions and digital infrastructure. You gotta give it to them—they’re not skimping on the ambition....

Continue Reading
North Fork Mono Casino Opens: A $750 Million Bet

Updated Category News Views 57

A New Spin in Madera Cue the fanfare, folks! The North Fork Mono Casino just threw open its doors earlier than expected today, marking a hefty $750 million wager right in the heart of California's Central Valley. It's a big deal managed by Station Casinos, part of Red Rock Resorts, Inc. (NASDAQ: RRR)—teaming up with the North Fork Rancheria of Mono Indians for a...

Continue Reading
US State Dept. & IICA: Strengthening Disaster Response

Updated Category News Views 76

Bridging Borders to Tackle Disasters It seems like everyone and their grandma talks disaster aid, but when two giants like the US State Department's Bureau of Disaster and Humanitarian Response (DHR) and the Inter-American Institute for Cooperation on Agriculture (IICA) grab a coffee—real serious action is brewing. Why This Matters The partnership's not just talk. Let's...

Continue Reading
Total Play's Q3 2026: Subscriber Surge, Debt Down

Updated Category News Views 66

Subscriber Growth Amidst Financial Hurdles Here’s the deal with Total Play's third-quarter results for 2026: they’ve got a mixed bag of numbers that’ll make any investor think twice. The headline is a hefty rise in subscribers—a net gain of 143,340 in the Residential segment thanks to their top-tier internet services. But don’t start cheering just...

Continue Reading
Archera Raises $15M to Redefine Cloud Commitment Models

Updated Category News Views 67

Rethinking Cloud and AI Contracts A new day in cloud economics has dawned, folks, and it’s shining over Archera, a name you'll want to remember if you're navigating the murky waters of cloud and AI spending. As the world dashes headlong into AI, cloud investments are becoming a game of either overcommitting or missing out on key discounts. Archera's snagged a $15...

Continue Reading
Covalent's Bet on AML Analytics: A Defense Revolution

Updated Category News Views 44

The Big Play: AI Meets Financial Defense You know when a private equity firm swoops in, it's like the cavalry arriving. Covalent Equity Partners just did that for AML Analytics, or AMLA for short. A payday for them, sure, but it's more about amplifying AMLA's already hefty punch against financial crime, using AI to boot. Now, if AI's mentioned, you know someone's getting...

Continue Reading

Top 5 Most Recently Viewed Articles

Insight into Rathbones Group Plc and its Holdings in NIOX

Updated Category News Views 132

Understanding the Position of Rathbones Group Plc The financial landscape is constantly evolving, and one company that continues to catch the attention of investors is Rathbones Group Plc. With a strong focus on asset management and a commitment to delivering value to its clients, Rathbones has established itself as a leading player in the market. Recently, the firm has...

Continue Reading
QuinStreet Achieves Unprecedented Fiscal Growth

Updated Category News Views 70

QuinStreet Reports Exceptional Financial Performance QuinStreet, Inc. (NASDAQ: QNST), recognized for its innovative performance marketing solutions, recently unveiled astounding financial results, showcasing a robust increase that has positioned the company as a leader in its sector. Record Revenue Growth For the recent fiscal quarter, QuinStreet reported an impressive...

Continue Reading
Nio Inc Stock Surges: What's Shaping the Market Sentiment?

Updated Category News Views 281

Understanding Nio Inc's Recent Stock Surge Nio Inc – ADR (NYSE:NIO) has recently experienced a notable increase, gaining 13% in value over the past month. This rise signifies growing confidence among investors, who are optimistic despite the larger market's concerns. Market Reactions and Analyst Insights Recently, key financial institutions like Mizuho, UBS, and...

Continue Reading
Landstar System's Recent Performance Elevates Dividends

Updated Category News Views 179

Landstar System Reports Stellar Financial Results Landstar System, Inc. (NASDAQ: LSTR), a leading provider of integrated transportation management solutions, has posted impressive financials for the latest quarter. The company revealed that its revenue has surged to approximately $1.153 billion, accompanied by earnings per share (EPS) of $0.85. Frank Lonegro, the...

Continue Reading
Viatris Investors Urged to Join Upcoming Class Action Suit

Updated Category News Views 147

Viatris Investors Encouraged to Participate in Class Action Levi & Korsinsky, LLP has issued an important notification for investors in Viatris Inc. (NASDAQ: VTRS). This notice pertains to an impending class action securities lawsuit aimed at addressing potential losses for affected shareholders. Understanding the Class Action Lawsuit The class action lawsuit is initiated...

Continue Reading