These axes were used also for trail blazing or for marking the ends of the felled logs for identification of the owner (stamping axe).
A hole in the bark is first cut with the axe and then the hammer part was hit on the spot and a raised die on the head would create a stamp on the mark.
The hammer would create a recognizable marking to show the owner or buyer of the tree.
After marking all the trees on a stand it would be ready for cutting.
[1][2] Nowadays the marks on standing trees are done usually with paint.