New Firm in San Francisco Lumber Survey Group Says

U. S. Wood Products Company recently started business in San Francisco, with offices in the Chancery Building. The principals of the firm are Langford W. Smith, who for a number of years rvas sales manager of the Red River ' Lumber Company at Westwood, Calif., and R. S. Pershing, who was associated with Mr. Smith as assistant manager of the Red River Lumber.Co., and who has spent three years with the Insular Lumber Company in the Philippine Islands and the last two years selling lumber in the East for the Trotter-Kelleran Lumber Co. of Buffalo, N. Y.

The company will carry on a general wholesale lumber business and will act as Northern California representatives of the U. S. Plywood Company, N. Y., manufacturers of veneers. They also represent this concern for the Harvaiian Islands territory.

T.

B.

Lawrence Visits San Francisco

T.B. Lawrence, Lawrence-Philips Lumber Co., Los Angeles, was a recent San Francisco visitor rvhere he spent a few days on business

Pat Sublett Returns To California

Pat Sublett is back in California after spending the past year and a half at Oklahoma City where he was connected with the lumber business. Prior to his going to the Middle West, he was associated with the industry for several years in San Francisco and Oakland.

Stocks Still Excessive

Washington, Feb. 25.-The seventh quarterly report of the Lumber Survey Committee of the Timber Conservation Board has just been issued, showing estimated lumber consumption during 1932 and three preceding years, lumber stocks as of the first of 1933 and 1932 and anticipated lumber consumption during the first quarter of 1933.

The Committee points out that although lumber stocks have been mu'ch redu'ced since 1930 and over 2-5 billion feet during the past year, equivalent to nearly one-fourth of the total volume of lumber movement, the net decline since the beginning of 7929 has been only about 3O per cent, whereas consumption ,in 1932 has declined over 65 per cent f.rom 1929, The Committee states that further large reductions in stocks is essential to industry recuperation and recommends a reduction during the.year of. 3l billion feet.

The Committee finds that average lumber pri'ces at the mill in the last quarter of. 1932 showed a slight advance, the first in three years. It states that increase'in production is not justified until consumption has increased and excess stocks liquidated. It recommends that diligent efforts be made through exchanges of stocks and sales, to a?oid unnecessary production of items already in industry surplus.

The report shows that if the lumber industry generally had not followed the recommendations of the Timber Conservation Board during the past two years and had continued production schedules at the rate prevailing in 1930 and early 1931, instead of an average stocks surplus of 4O per cent at the beginning of 1933, the surplus would have been approximately 120 per cent.

The Lumber Survey Committee appointed on July 9, 1931, consists of Thomas S. Holden, Vice President, F. W. Dodge Company, New York; Dr. Frank M. Surface, Assistant Director, Bureau of Foreign and Domestic Commerce; M. W. Stark, lumber and coal economist of Columbus, Ohio; Calvin Fentress, Chairman of the Board, Baker, Fentress & Company, Chicago, Ill.; and Dr. Wilson Compton, Secretary and Manager, National Lumber Manufacturers Association. This Committee serves. voluntarily in cooperation with the work of the Timber Conservation Board in its study of the economic situation in the forest products industries.

C. STEWART VISITS LOS ANGELES

L. C. Stewart, Sudden & Christenson, San Francisco, spent a few days in Los Angeles during the past month where he conferred with Girth Byers, the company's Southern California representative.

The Banker

One Saturday afternoon a destitute but honest rnan found a purse on the city street. It contained $3,(X)0 cash, and the name of a well known bank president. The poor fellow who found it couldn't return it until Monday morning, because the bank was closed. But when the bank opened Monday he was there at the door, and hurried in eager to restore the cash to its rightful owner, and certain of reward.

When he got home that night, his wife asked: ..What did he give you as a reward for returning his three thousand dollars?"

"Nothing," replied the honest man. ,,As a matter of fact I had to argue with him an hour to prevent his charging mCinterest for three days use of the money.,'

Advice

Trouble no rnore the stars with threnodies;

Nor the vague night wind with blasphemies; These cannot help you any more than grief

Will help a dying tree to bud and leaf.

Go bravely forth instead, where women are, And you will never have to travel far

To find one gorgeous creature in a mood

To swap you platitude for platitude.

Wild starlight streaming will cajole the heart

You once thought broken, to a fresher start, And burn a bright blaze for this new findLove is so little sight, so much more mind !

Benjamin.

-Isaac

Nothing Too Good

Rastus: "I wants a tooth brush."

Clerk: "What size?"

Rastus: "De biggest an' bestest you got; dey,s my famly." ten in

Caught Him Though

The street car stopped very suddenly.

"What's the matter?" asked a lady passenger.

"\ll/e just ran over a dog, ma'am," replied the motorman.

"Was he on the track?" asked the lady.

"No, trna'am," replied the motorman, ,,we chased him up an alley and caught him just as he was dodging under a barn.t'

Government In Business

James Truslow Adams in his book ..The Tempo of Modern Lifer" says:

"\Mhat is to become o{ the stability of government in its time-honored functionp if it is to become a business efficiency or a tipster's bureau? In the winning of men's respect, the snaintenance of civil order, the dispensing of justice, the waging of wa& the handling of foreign relations, and other problems of older statesmanship, is it likely to be helped by undertaking to create prosperity and guide people in their stock speculations?

"That 'Big Business' has raised big questions must be allowed. That all questions are now tinged witfi economics must also be allowed. That some experiments in stabilizing business may be needful and eventually useful, may also be allowed. But .in the present state of our abysmal ignorance about economics, is there not danger in handing over the economic lives and welfare of our people to the Government, already tottering under the load of the older functions, which it is performing none too well, such as maintaining order and dispensing justice?"

Good

He that does good to another man does good also to himself, not only in consequence, but in the very act of doing it; for the conscience.of well-doing is ample reward. -Seneca.

CAN THE SOVIET BEAT THIS?

By fertilizing his ranch freely, planting it scientifically, and cultivating it with diligence, a Colorado farmer recently harvested thirty bushels of grasshoppers to the acre.

He Knew The Answers

Hero: "Where are the papers, cur?"

Villain: "At the blacksmith shop, my lord."

Hero: "Aha! You are having them forged, I suspect.', Villain: "Nay! I am having them filed.',

THE.COST OF PROGRESS

Knowledge is born of sufiering. To grow, means to en. dure growing pains. There is a price for every step of progress. No pay, no growth; no growth, decay. Take your choice. Also, to experiment means to make some mistakes.-Aaron Wirpel.