MO]IARGH TUMBER GO.

Idistribuiorst

[Tard and Factory StockJ

Douglcrs Fir-Ponderoso Prne-Sugor Pine-Redwood White Fir-lncense Cedqr-Spruce-Hemlock

Plywood-Hqrdwood Flooring

1404 Frcrnklin St., OcHcrnd 12TWinocks 5291 Ycrd-Foot oI Fcrllon St., Oakland

Carney Golden Fleece Comes to California

The George E. Ream Company has been appointed distributors for Carney Golden Fleece Batts in Southern California, comprising Los Angeles, Santa Barbara, Ventura, San Bernardino, Orange, Riverside, San Diego and Imperial Counties, and will supply lumber and building material dealers through their wholesale Friendly Dealers Service.

Carney Golden Fleece is a new Rockwool Batt with a plastic binder and made of a special type of rock which produces high insulation value. In addition its salient features are:

1. Fire-proof-it will not burn.

2. Effective moisture-barrier-is built into batt.

3. Nailing flange-speeds installation-holds Golden Fleece firmly in place.

Two-thicknesses-Semi-Thick and Full-Thick batts fill your insulation needs.

Nerv plastic binder-assures resilient insulation. It lvill not settle.

Light-weight-adds no heavy load to your home. Permanent-it will not rot or decay-lasts the life of your home.

In other words, the first cost is the last cost u'hen vou insulate with Carney Golden Fleece.

George E. Ream states that stocks will be available Tor dealer distribution within the next two weeks and that further information regarding Carney Golden Fleece is in the process of being mailed to the dealer trade.

In addition to their present plant and quarries at Mankato, Minnesota, The Carney Co., fnc., manufacturers o{ Carney Golden Fleece, are building a West Coast plant inr Longview, lVashington. This new plant will be in production in about 9O davs.

FHA Insured Loans

Washington, D.C., May 27.-The Federal Housing Administration has now insured more than $10,000,000,000 of loans under various phases of its program, it was announced today by Raymond M. Foley, FHA Commissioner. More than half of this amount has been repaid or amortized. he said.

Beginning in 1934 when Congress passed the original National Housing Act establishing the FHA and authorizing it to insure mortgages on privately built and financed dwellings, the FHA has steadily developed as one of the key factors in home building and financing, Mr. Foley said.

In the course of insuring the impressive total of.$10,000,000,000 of mortgages and property improvement loans, FHA has built up reserves of more than $137,000,000 and has paid or will pay dividends of $4,50O,000 to borrowers who have paid off their loans. The Federal Housing Administration, 1\{r. Foley said, is self-supporting; its income in 1946 exceeded $24,000,000 after payment of operating expenses.

Since the end of the war, Mr. Foley said, FHA has concentrated its efforts on the production of housing Tor veterans. Emphasis is being placed on the building of apartments at rent levels compatible with veterans' income.