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who have *ied in vain to set $1.s0 a thousand for a big that does not have a dipping vat through which they put stand of the same kind of timber this man is trying to sell; their rumber the minute it comes from the saw. Many and r have seen second-growth Short Leaf Yellow Pine small mills have installed kiln drying equipment that cost sell in Louisiana recently for more than ten dollars a thoumore than the mill itself, to insure better looking lumber. sand' on the stump' Yes Sir ! A sawmill friend of mine There followed an amazing change in the preparation of told me the other day that he bid $10'25 a thousand on a the lumber for market. r have seen small mills with fine batch of second-growth short Leaf' and FATLED To dry kilns, planing mill equipment as good as that of any

GET rr' A small mill' twenty miles away' over-bid him' big mill, double-end trimmers to make smooth, square Doesn't that knock your hat ofi? rt did mine' This is the shiny ends to the lumber, and turning out stock that looked biggest price I have heard of' although I have heard of other good enough to eat. The trade has come to demand bright timber sales of recent date where there was second-growth and shiny stock. southern Yellow Pine lumber is just nat- Long Leaf and short Leaf mixed' where the stuff was urally better-looking than it used to be, due to improved quickly gobbled up at $10 for the Long Leaf and S8 for the Short Leaf, on the stumP. care and equiPment. * * *

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Please do not understand that by reason of this rapid regrowth of Yellow Pine, and of improved forestry methods, all the Yellow Pine mills of the South wifil keep on cutting indefinitely. Not so. But most all mills have had their life tenures extended considerably. Eventually many of them will have to go. The owners of several very large mills have advised me that they are at the end of their string, and will be through and shut down for good this year. And in the past year several big ones have folded up, never to run again. The State of Mississippi has been the biggest loser of big mills cutting out in the past couple of years, the total production that has gone for good in that state amounting to a huge volume. But all of those that are closing have run much longer than they had ever anticipated.

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But f started writing about the market price of standing timber. I had a letter the other day from a business man. He said that he went West twenty years ago and bought a block of big timber, just as an investment, figuring that he could make money by holding it until timber got scarce. Now, he said, with small second"growth Yellow Pine in the South bringing big prices, must be a good time to sell big, beautiful, virgin timber. So he asked me to send him the names of some likely investors in such a good thing. What I wrote him back was true, but must have been a shock to him'

I told him it seemed silly, and I had no idea why it was, but that if he had a thousand feet of good second-growth Short Leaf Yellow Pine standing within trucking distance of a Southern sawmill, he could sell it for cash, and with that cash buy at least six thousand feet of the very same big, virgin timber he invested his money in twenty years

In Western Louisiana most of the remaining Yellow Pine mills are hungry for either timber or logs, and buy both as they are ofiered. And timber and logs, like other co'mmodities, have their prices fixed by the law of supply and demand. In East Texas there is, generally speaking, a greater supply of logs offered delivered to the mills, than in Louisiana, and the value of the timber and logs is therefore more reasonable. The average going price of secondgrowth Short Leaf Yellow Pine logs delivered to mill or railroad in East Texas is $10 to $13 per thousand feet' At some points there are so many independent loggers and small timber owners, that the mills are offered more logs than they can possibly use. Every district is different, and has its different problems, and its difierent conditions and Prices' * * *

But the strange contrast is that in almost any district of the Southwest, the cash value of small, second-growth Short Leaf Yellow Pine timber, is considerably greater than the cash value of everi the finest, biggest, virgin timber of the Far West. Can you figure it out? How long will such a condition last? And how long will it be before the mighty virgin forests of the West again become sal' able at a price anything like commensurate with their great value?

So. Calif. Home Show Opened MaY 12

The Southern California Home Show opened at the PanPacific Auditorium, Los Angeles, on May 12. It is sponsored by the Building Contractors' Association of Southern California.

Two complete homes are on display. One, a $250O home of five rooms with a two-car garage which can be duplicated and financed under the F. H. A., while farther up the budget scale is a home of electric wizatdry- The show will be open each afternoon and evening until May 22.

Harry Graham Announces Resignation

Harry J. Graham has announced his resignation with Pioneer Div., The Flintkote Co., Los Angeles, which became effective May 6.

Harry was with the company for the past twenty-four years, and is widely known in retail lumber 'circles throughoit the West. He was born in San Francisco. I{e was formerly with the Pacif ic llardware & Supply Co. of San Francisco as salesman, and in 1910 was transferred to their Los Angeles office. In l9l4 he went with the Pioneer Paper Co. (now Pioneer Div., The Flintkote Co.) as salesman. For a number of years he was director of sales in the roofing department for the eleven \Mestern states.

Few, if any, men ever sold asphalt roofing in Southern California, who enjoyed such a high degree of pers'onal popularity with the retail lumber trade right down through the years, as l{arry Graham. He is always a prime favorite at every lumber gathering.

Harry says he will take a short rest after which he'rvill announce his plans for the future.

Coast Counties Annual Meeting at Santa Cruz M.y 20

The annual social meeting of the Coast Counties Lumbermen's Club will be held at Casa Del Rey Hotel, Santa Cruz, on Saturday, May N.

There will be a dinner and entertainment and a personally conducted tour of the local attractions on Saturday evening.

On Saturday afternoon and Sunday there will be time to take advantage of the splendid Santa Cruz facilities for golf, tennis, swimming a,nd fishing.

Lloyd Hebbron, Hebbron Lumber Company, Santa Cruz, is general chairman of committees making arrangements for the meeting.

Tickets are $3.00 each, to be obtained from dealers or from Secretary C. S. Tripler, P. O. Box 346, Watsonville.

Moves To New Office

J. l. (Jack) Rea, Los Angeles, has moved his office to room 2O2, Architects Building, 816 West Fifth Street. The new telephone number is MUtual 7860. He represents the A. B. Johnson Lumber Co. of San Francisco, and Eclipse Lumber Co. of Everett. Wash.

Ira Brink Visits Hawaii

Ira E. Brink, manager of yards and stores, The Diamond Match Company, Chico, has been enjoying a month's vacation in the Hawaiian Islands.