.lf.';:tiil

brightened by expectations of a ten

Inc., and industry leader, said today in his annual New Year's cotnment on business conditions. Mr. Lowe in early 1937 foretold a slow spring and summer rvith a brisk fal1 pickup, arr of lr'hich has materialized.

For H Igh Ear Ly

Strength Concrete

W. H. Lowe

"The building industry will aid U. S. recovery in 1939 just as the automobile industry received credit during 1935-7 for pulling the nation out of the depression.

"The construction industry is now in a new recovery cycle. Belief exists that the annual construction volume of the post war recovery period-twice that of 193&-will be attained in the next five years.

"The record of $8,80O,000.000 construction in 1938compared with $8,600,000,000 in 1937-is responsible for the rapid recovery made in the last 6 months of 1938 from history's sharpest business decline. In refusing to follow 1937's downward trend, the building industry unlike its l9D performance-fortified the industrial situation.

"While previous pump priming put money into consumergoods channels, rearmament expenditures and the building boom in 1939 will pour billions into the capital goods industries.

"Favorable business factors include a nation-wide interest in building and the industry's efforts to keep costs in line; increased heavy industry employment; an annual income that, despite a slow start, will probably reach 1937's high mark, the peak since 1930." Mr. Lorve declared.

Producing Hot Plate Bonded Pine Panels

Kalpine Plywood Company, Klamath Falls, Ore., is operating the newest plywood plant on the Pacific Coast. This company took over the plant of Western Pines Plywood Comrpany, and is producing Pine plywood exclusively. The operation is 100 per cent hot plate press.

F. V. Russell of Seattle is president. Don R. Drury, Klamath Falls, is vice-president and resident manager. Harry J. Hoban, Klamath Falls, is secretary and office manager, and J. L. McCarthy is treasurer.

West Coast Lumber & Trading Company, Dexter Horton Building, Seattle, handles the sales of the entire production of the mill. Mr. Russell is president also of this organization.

Enlarges Yard

Gardiner's Lumber Yard, Inc., has taken over a property adjacent to their yard which will nearly the former storage capacity.

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