Shevlin Pine Sales Gompany

Harry J. Graham \(/ith Lloyd A. Fry Roofing Co.

Alppointment of HarrY J. Graham as manager in complete charge of both sales and production of the Lloyd A. Fry Roofing Company, Compton, Calif., has been announced by Lloyd A. Fry.

Harry is well and favorably known throughout the entire Pacific Coast as one of the outstanding merchandisers and exponents of PrePared roofings and shingles, and has been prominently identified with its development for over twentY-five years.

He joins his old friend and associate, William Henry, who is in charge of Pacific Coast operations of the Fry Company.

We are sure all of Harry's friends will be huppy to know of his connection, and the California Lumber Merchant joins in wishing him every possible success'

Edwin Pohle Appoint ed General Manager

Southern Lumber Company, H. G. Hilton, president, announces the appointment of Edwin Pohle as general manager of their lumber, planing mill and material business at 14O2 First Street, San Jose.

Mr. Pohle is a graduate of the Forestry Schools of both Iowa State College and the University of California, and comes to his new duties with a background of several years' experience in both domestic and foreign markets.

The Southern Lumber Company is one of the oldest and largest yards in the Santa Clara Valley and has played a major part through the years in building and construction throughout the Valley. In late years increased attention has been given to specialized industrial uses of both domestic and imported hardwoods as well as the soft woods.

East Bay Club Meets June 26

East Bay Hoo-Hoo Club No. 39 will hold its next regular dinner meeting at Lake Merritt Hotel, Oakland, on Monday evening, J:une 26.

National Housing Act Amendments

The principal features of the amended National Housing Act as signed by President Roosevelt on June 3 are: l.-Authorization for the President to increase to $4,000,00O,mO the amount of outstanding mortgage insurance obligations the F.H.A. may have at one time. The present limitation is $3,000,000,00O, and the outstanding principal obligation at this time is approximately $1,40O,000,000, not including approximately $4@,000,00O in outstanding commitments to insure.

2.-Continuation of the F.H.A.'s authority to insure mortgages on existing construction until July 1, 1941. Homes financed with F.H.A.-insured mortgages will continue to be eligible for F.H.A. financing indefinitely.

3.-Requirement that in the refinancing of mortgages the applicant for insurance must file a certificate that the mortgage holder has refused to grant him equally favorable terms.

4.-Extension indefinitely of the authority of the F.H.A. to insure mortgages on small, newly constructed homes involving mortgages of not more than $54@ for terms up to 25 years. Under the old bill the maximum maturity of 25 years reverted to 20 years as of July 1.

5.-Authori zation to continue insurance of lending insti' tutions against loss on property improvement loans up to $2500 each with a new provision empowering the administrator to charge an insurance premium not in excess of V+ of. I per cent to ofiset a portion of operating expenses and losses.

6.-Establishntent of a prevailing wage scale to be deter' mined by the Secretary of Labor on large-scale projects.

7.-Revision of the conditions under which insurance may be granted on mortgages covering large-scale projects.

8.-Repeal of Section 21O under which the administrator was authorized to insure mortgages under special conditions in the price range up to $200,000.

GE.ORGE BONDE ON VACATION TOUR

George Bonde, owner of P. C. Ifansen Lumber Co., Niles, Calif., left June 11 for a six weeks'automobile trip to the East. He will visit National Parks and many interesting places and will see the New York World's Fair.

Informs Congress Building Material Dealers Boosting Low-Cost Homes

Washington, D. C., May 29.-While sundry and various statements continue to be made that one-half the population of the United States cannot afford to buy homes of their own, Frank Carnahan, Secretary of the National Retail Lumber Dealers Association, in a letter to members of Congress today pointed out that building material dealers and others in the home-building field for several years past have been specializing on low-cost homes comfortably within the means of persons with annual incomes as low as $1,000 a year.

Mr. Carnahan, in thanking members of Congress for their su'pport of amendments to the National Housing Act, calls att'ention to the thousands of attractive small homes, built of high-grade materials, which have been financed under the FHA insured mortgage system. In all sections of the country, and especially in small communities, rural areas and in outlying suburbs of large cities, such homes are now under construction to sell for as little as $2,500.

Frankly conceding that in 1934 home building was stagnant and financing for new homes unavailable, Mr. Carnahan declares that the retail lumber and building material dealers have bee,n boosting low-cost homes-quality homes within the $3,000 to $4,000 rang'e-ever since FHA insured mortgages made financing available.

Furthermore, under Title I of the National Housing Act, a great many small homes have been built to sell for substantially less than that amou,nt, and this year the major drive in the privately financed low-cost housing field is centering on quality homes to cost $2,500 to $3,00O. This means that these homes, with a 10 per cent down-payment under FHA, can be purchased on monthly payments as low as $15 or $16, bringing them well within the reach of citizens with incomes as low as $1.000.

Mr. Carnahan points out to Congress that the annual report of FHA, just released, shows that in 1938 the averag'e monthly payment on homes purchased under insured mortgages was $30.06, which comprised only 12 per cent of the home owners' average income, a sharp decline from earlier years.

He particularly commends Congress for having extended the provisions of Title I for another two years from July 1, next. In this connection he points out that Title I loans are made on a character rating of the borrower. Thousands of small homes have been built in rural and outlying areas under Title I, where the cost limit on new construction is $2,500. Most of these sound but modest homes have cost considerably less than the $2,50O limit.

JrM PACK WITH PARAMTNO LBR. CO.

Jim Pack, well known lumber salesman, recently with Gorman Lumber Co., San Francisco, is now associated with Paramino Lumber Co.. San Francisco. as salesman.

Fire At Manteca

Fire destroyed a large quantity of finish finish shed at the Manteca yard of The Company, May 3O.