FLUSH VBNEERE,D DOORS

Quar. Sawn Fig. Gum2 Sides

Quar. Sawn White Oak 2 Sides

Quar. Sawn White Oak & O. P.

Quar. Sawn White Oak & Gum

Striped African Mahogany

Philippine Mahogany

Black Walnut 2 Sides

Oregon Pine 2 Sides can standard of living, especially the margin over subsistence, stimulates more production and new products. Work makes work and buying power makes buying power. There is the circle-not vicious, but certainlv vital.-

Then Came fnstalment Selling

Instalment selling is the dominant manifEstation of this inter-industrial competition. The industries using it have unconsciously recognized that, in spite of the high income and purchasng porver of the American people, there are limitations. Realizing that this rveek's pay envelope is pretty well exhausted, they are making organized attempts to assure themselves a good share of next week's. There is no question that instalment selling stimulates demand, increases production, and therefore tends to raise the level of prosperity and buying power. There is no doubt that this accelerated speed of the wheels makes for a feeling of economic exhilaration and social well-being. The question is: How long can this acceleration be maintained? Can the rvheels stand this speeding up ?

"The automobile industry did it ; why can't we do it ? This is'the logical question which one industry after another is asking itself and answering in the affirmative. Who can deny that the present prosperity of the automobile industry is the result of time-payment sales when fully threequarters of the vehicles sold are financed? Who can deny to the clothing manufacturers, to the paint manufacturers. the right to sell on time? But what can be done about it if the aggregate of instalment buying goes too far? What is too far? The answers to these questions will have to be faced by business in the next ferv years. "Competition is the life 6f f1ads"-and it's a great life.

Did we have to wait for the delightful debate between Florida and California to realize that there is comoetition between communities for population ? What of the frequent competition between factories for labor? What of the competition betrveen industries for investors?

Overshadowing all these t1'pes of competition in the vast-