I agree with COEngineer that older wood is stronger than todays stuff. If you are in the south, maybe look at SP #2 instead of DF, but will be close to the same value anyway. Because of it likely being better than #2, you might venture using higher values, like #1 or even higher.
If you can see all 4 sides of the timber, a forester could tell you what grade the timber is. On a job some time back I had an old timber truss with only only had 3 sides visible, and a forester told me it was at least a #1, but since he couldn't see the other side that was as high as he could go. He could also tell you what species it is too if you don't know that.
I don't know exactly how they grade timbers, but I know it has something to do with the size of knots and how many, and I would imagine thier location in the section. If the cut you are proposing is going to put a knot on the edge, that will certanily reduce the allowable bending stress.