Heavy Lumber Production in rgz4

Washington, Q. C., Jan. lO.-Exceptionally heavy luml>er production with unsatisfactory commerciil resulis, and progress in reforestation and permanent lumbering that gives promise of an adequate continuing supply of limber, were features of the lumber industry ;n tg24, iccording to Wilson Compton, manager of the National Lumber Minufacturers Association.

. "Measured by volume of production the lumber industry has j.ust come through one of the greatest years in its hij- toryi' says a statement by Mr. Compton.- "We estimate the entire production of lumber in 1924 at between thirtvsix and. thirty-seven billion board feet, as compared wilh thirty^-eight to forty billion feet last year. Except f.or 1923, the 1924 lumber output vi'as the largest since 19i6.

"As a. whole, however, Jh_e 1'ear was not a satisfactory o-ne to the ind r.qtry, .though it closes in a stronger position than at any other.time during the year, with production, shipments and orders virtually balanced. Mafing allowance for remanufacture at the mills and local deliveries. shipments have exceeded production. Stocks are lower than a year ago. Prices have been stable and relatively low,-ranging from $29 to $33 a thousand for softwood. and from $40 to- $45 for hardwood,-being about 40 per cent less than the after-war maximum.

"Great progress was made in the direction of reforestation and reproductive lumbering. General activity toward forest replacement arvaits the development of organized forest fire protection and the logical ieadjustmeniof the still customary although uneconomical melhods of taxing forest lands.

"The ye_ar 1925 is expected to be a good year in lumber with the distribution of demand amon-g ,rarious regions of the country, and among constructionf railroad aid farm uses, .more nearly approaching a normal balance than at any time during the past four years."

Charles R. McCormick Returns from Eastern Trip

Charles R. McCormick, President of Chas. R. McCormick & Co., has returned to San Francisco after a three weeks' business trip to New.York, Boston, and Chicago. In speak- ing of lumber conditions on the Atlantic CoaJt and Uiaate West, Mr. McCormick states that the lumber demand there has shown considerable improvement during the last two or three months and that the dealers are very optimistic lld are lo_*ilg for an active lumber market during 1925. Chas. R. McCormick & Co. maintain a New York- office at 18 Battery Place.