Forty Per Cent of Long-BellLumber Company Bonds Dcposited

Chicago, Ill., March 7.-Over five thousand individuals have already deposited in excess of $8,000,000 bonds with the Bondholders' Committee for The Long-Bell Lumber Company first mortgage 6 per cent bonds, it was announced today. This represents forty per cent of the total of $20,200,000 bonds outstanding.

"There has been a remarkable outpouring of public sentiment expressing confidence in officials of The Long-Bell Lumber Company being able to meet successfully the financial problems now confronting the company," Harry Smyth, secretary of the Bondholders' Committee, said. "At the same time, there has been considerable criticism directed against the few bondholders who rushed into court as quickly as they did and applied for a receiver-which action has proved to be in sharp contrast to the attitude of some 5250 individuals who have deposited over $8,000,000 of bonds with the committee out of a total issue of $20,200,000 outstanding.

"It is indicated from this response on behalf of the bondholders that the company is making prog'ress in obtaining the relief which Mr. Long, chairman of the company, requested in his letter of January 11, when he suggested that a Bondholders' Committee be formed to obtain deposit of the bonds and provide in this way for concerted and constructive action on the part of the bondholders in meeting the problem before them, cooperating with the company as far as possible."

National-American Convention

Arrangements are progressing for the 4oth Annual Convention of the National-American Wholesale Lumber Association to be held at the Ambassador Hotel, Atlantic City, April 13-14. Secretary W. W. Schupner states that the program this year will be restricted to practical subjects of current interest to the wholesale lumber industry and that the meeting will be largely a forum along the same lines as last year, which proved to be a popular method, eliminating outside speakers, and encouraging the members to talk frankly on their everyday problems. "What can the wholesaler do to help the retailer sell more lumber", will be the general theme of the meeting. A session will be devoted to the consideration of lumber credits, which in these days is a live topic. Reduced railroad rates have been granted and a good attendance of all branches of the industry is looked for and will result in a threecornered exchange of ideas.

New "Business Getting Manual" Now in Printed Form

Washington, March 1.-The new "Business Getting Manual," designed to enable dealers and contracting painters to cooperate in a practical way with fellow business men in allied lines of business, has been revised from the preliminary mimeographed form, and is now being ofrered by the National Clean Up and Paint Up Campaign Bureau,22OI New York avenue, N.W., Washington, D. C., in the form of a sixteen-page printed pamphlet, which has just come from the press.

Single copies of the manual are free, but orders in quanties will be charged for at two cents each, to cover cdbt and handling.

(fn the final analycir the real value of eny structure ir estimated on its usefulne$ based on the present and the future.

There iga cpecific grade of Redwood for cvery uee. Vhere duability ir the prime roquioite an "all hcarttt grade of Califomia Redwood ehould be insistcd upon.tt