Hold 25th Annual

Walter J. Neils, general manager of the J. Neils Lumber Co., of Libby, Mont., was chosen as president of the Western Pine Manufacturers Association at the 25th annual meeting of that organization held at the Davenport Hotel, Spokane, February 1O and 11.

C. L. Isted, manag'er of the Shevlin Co.'s plant at Bend, Oregon, was elected vice-president, and H. K. Brooks, manager of the Brooks-Scanlon Lumber Co., Bend, Oregon, was re-elected treasurer.

Directors elected were as follows: Spokane, J. P. McGoldrick, McGoldrick Lumber Co.; Oregon, Joseph Stoddard Lumber Co.; Montana, E. H. Polleys, Polleys Lumber Co.

Ninety-two per cent of the member rnills were represented in the attendance.

California Building - Loan Associations Rank High

Eight California bui.lding and loan associations are numbered among the eighty-six in the United States rvhich have resour,ces exceeding ten million dollars, accor'ding to figures released yesterday by the California Building-Loan League. This is an increase of three in the nation during the past six months.

Pacific States Savings and Loan Company of San Fran'cisco. leads all other associations in the United States in size, with total resour,ces as of December 31, 1930, of. $72,444,38t. Others in the ten million dollar class ih California, listed in point of size are Fidelity Savings and Loan Association, Los Angeles, $41,676,294; Mutual Building and Loan Association, Long Beach, $22,834,957; S'tate Mutual Building and Loan Association, Los Angeles, $18,609,390; Guaranty Building and Loan Association, San Jose, $L7,459,777; California Mutual Building and Loan Association, San Jose, $16,684,5341, Mutual Building and Loan Association, Pomona, $15,530,144; Southern California Building and Loan Association, Los Angeles, $11,058,890.

Of the ten largest associations in the United States, f,our are located in Ohio, two in California, and one ea,ch in New York, Indiana, Missouri, and New Jersey. Five of these have assets in excess of fiftv million dollars.