Co-ordination

Washington, D. C., July 3.-The Lumber Code Author. ity approved the following report by a committee directed by the Authority to coordinate prices and certain items concerning which representatives of the West Coast Division and the Southern Pine Division had failed to agree:

"I. That the West Coast Division and the Southern Pine Division coordinate their Dimension prices at Chicago on their rail business. Both parties have agreed to do this.

"2. That as regards the Eastern Territory which is supplied by water shipments from the West Coast, that all No. 1 Common and lower grades of boards be coordinated on the basis of an approximate reduction of $1 per 1000 on West Coast Division Boards. That on all other grades, including Dimension, prices be coordinated on the basis of no change from the present status of coordination.

"3. As to water shipments from the Atlantic Coast by the Southern Pine to Eastern ports, that specific delivered prices be established on the basis of 60 per cent of the rail rate.

"4. That Committee recommends that in the future coordination, facts be presented to the Coordinating Committee by all Divisions, setting forth statistics as to shipments and stock on hand of the difierent grades and species, and that these factors be given full consideration in the coordination of all prices. In the absence of such statistisc, it is impractical to coordinate prices on an equitable basis."

I really look for it. Right now, as a result of some of the things I have talked about in this article, things in the lumber industry have been less bright than they really had a right to be. Due to decreased lumber sales the sawmills have just been given a reduced allowable production for the summer. That hurts. It hurts dl concerned. It is reduced income and reduced buying poveer for the mill qmployees. It means increased costs for most mills. As you reduce the working hours of an industrial plant like a sawmill, you increase the cost of production very materially. The new allowable is going to be a bitter pill for most big mills to swallo,nr. It is to be prayerfully hoped that because of various things the demand for lumber will increase during the summer so that the production allotment may soon be increased to a point where economical operations may be had, and increased wages offered the men.

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It is not too much to hope that when the reduced lumber prices become effective and the new Government Housing Act becomes operative, the lumber business rnay improve very rapidly and very perceptibly. :f**

Of course the dock strike on the Pacific Coast is plain murder to the lumber industry of the West. Twenty thousand men are out of work in Washington and Oregon because of the strike in the lumber mills and camps alone; and many more in California. If the termination of that strike could be brought about coincident with decreased lumber prices and increased building credit, the sun miglrt shine by fall, and shine very brightly, indeed.

L. C. A. Approves Terms ol Sale for Redwood Division

Washington, D. C., June 25.-The following terms of sale for the California Redwood Division, upon recommendation of the Trade Practices Committee, were approved by the Lumber Code Authority:

On Intercoastal Shipments to Wholesalers: All freight and transfer charges net cash on arrival; balance subject to 2/o discount; 80% to be paid by sight draft; balance 3O days from date of arrival.

On Rail Shipments to Wholesaleis: 80% of the net amount after deducting estimated freight within 15 days from date of invoice; balance less 2% of total net after deducting actual fr,eight within 6O days from date of invoice.