The surface that will not "grain-raise" under enamels and paints; rich grain figures for staining; wood that does not check or warpthe qualities that have made "old fashioned White Pine" the American standard of perfection.
the new construction with a big future. Remodelling and renovation jobs offer the progressive dealer a market at all times.
RED RIVER WALLBOARD and PANELS of California Pine in sizes up to 4x8 feet, standard and 5x10 feet, special are nailed directly to studding or furring on new construction or directly over old walls. Light, easy to handle, no nail-splitting.
INSULATE AND DECORATE IN ONE UNIT. Complete wall covering applied in one operation. No repairs, the first cost is the last cost.
Stock "The old-tashioned pine panels." They will bring new business.
RED RIVER MIXED CARS CUT BUYING COSTS PLYWOOD, LUMBER, MOULDINGS, SASH .
. SMALL LOTS AT CARLOAD PRICES AND DOORS. IN ONE SHIPMENT.
Iaorpmtcd udar tlc lawe of Califmla
J. C. Dhau, Pro. and Tnit.; J. E. Mardr, Vicc-Prcr.; A- C. Merrlrnan, Jr, Src7. Publtrhcd thc lrt and lStl of cach moth at ll&1e.20 Ccctnl BulHiry, lat W6t Slxtb Sttrct, La Anlclea, Cal., Telcphonc. VAndlkc |505 Entcrcd et Semd-clas mattcr Scptmber 6, DA. at thc Pctorfiici at Lor Angblcr, Cdlfmta, rn&r Act of March t, lt?t.
Douglas Fir-€urent new buein€ss of 216 identical mills reporting to the 'Wect Coast Lumbetmen's Association for the week ended July 30 was 41.5 per cent ovet production; shipments for the weelc wete 32.4 per cent over production. LJnfilled orders increased 3rl74r000 feet, new export busin€ss was 412601000 feet more and new domestic cargo orders show an' increase of. t3r67EroD feet as compared to the previous week. The local trade increase 116601000 feet while new rail business decreased 6541000 feet from the previous weelcts business.
Continued lower production and unsatisfactory values have forced higher asking prices by the mille. This, it is believed, has resulted in some forward buying and accounts for the gain shown in volume during t{re week ended July 30 in the domestic water markets. Many lumbermen believe the price bottom has been f,nally reached and anticipate that market firmness will result in increased lumber bufng, the Acsociation reports.
Productiono orders and shipments at drese 216 mills for the week ended lu,ly 30 were rqrorted as follows: Producion 48r4101058 feet; Orders 68,505,407 feet; Shipments 64rlol,23l feet.
Details of orders and shipments as teported by these mills follow: Orders-Rail 18,486,682 feet; Domestic Cargo 3O,O3lr661 feet; Export 13r6t5,t87 feet; Local 61351,677 feet. Ship. ments-Rail 19,948,293 feet; Domestic Cargo 23,7611769 I*t; Export l4r0r9r492 feet; Local 613511677 f.eet.
A total of 32L mills rqrorting to the Association for the week ended July 3O operated et 19.2 lrer cent of capacity, .ls Gompared to 18.8 per cent of capacity for the previous week and 39.4 per cent for the same week last year. During the weeL 2ll of. these plants were reported as down and 110 as operat. ing.
Inventories, as reported by t44 mills decreased 1019921000 feet from the week ended luly 27 and are 22.7 per cent less than at this time last /ear.
The matket looks better and Califomia wholesalers report that Fir mill prices have fitmed up. The mills are asking at least $1 or more on standard items of Commons, and Vertical Grain fooring is also firmer. Unsold stockg on the public docks at San'Pedro on August 10 toaled 313151000 feet, as compared to 3187610OO feet for the previous week. Cargo arrivals at San Pedro for the weeL ended August 6 totaled 8r42tr00{J fea, in-
cluding 11 cargoes of Fir carrying 811561000 feet, and 1 cargo of Redwood with 267.OOO feet. 45 lumber vessels were operating in the California trade on August 6, with o,ne veescl, the Missolua, operating olf-shore; 65 vessels were laid up.
Vith lumber production at a lorr level and so,me increase in new business, lumber orders showed a favorable tedo oI 22 per cent above the cut during the week ended luly 30, according to reports received y the National Lumber Manufacturers Association from regional associations of manufacturers covering the operations of.6L7 teading hardwood and softwood mills. These mills produced 10913881000 feet Ordets amounted to t33r73OrOO0 f.e*. Shipments wete 1341446,000 feet or 23 pe-t cent above the cut. A week eatlier 656 mills reported production of 117,869,000 feet with orders 3 per cent below and ship. ments 1 per cent above the cut ***
The Southern Pine Association for the week ended July 30 reported new business from 10O mills as 2lA78rOO0 feet, shipments 2tr5951000 feet, and production l7r235r000 feet. Ordets were 25 per cent above production and 9 per cent belor+' ehipments. Shipments wete 77 per cent above production.
The Vestern Pine Association for the week reported new business from 117 mills as 3lr879r000 feet, shipments 34'9381000 feet, and producion 35r44lr000 feet. Orders were 10 per cent below production aqd 9 per cent below shipments. Shipments were I per cent below production.
177 hardwood mills reporting for the same week gave new business as 915161000 feet, or 28 pet cent above production, and ohipments 910791000 feeg or 22 pet cent above production. Producion was7,432,000 t*" * * *
The California Redwood Association for the month of July relrorts orders received from 11 mills as 913881000 feet, orders on hand 1618211000 feet, shipments 8r239rOOO feet, and production 7101O000 feet.
fletails of orders and shipments for the month were as follow: Orders-Northern California 3r959rOOO feet, Southern California lr793r000 feet, Vestern 60'000 feet, Eastern 2r872rOOO feet, Foreign 704rO0O fieet. Shipments-Northern Califomia 3r537rOG0 feet, Soutfiern Californie !.J42r0OO fea, Vestern 86'fiD feet, Eastern 2r74lr000 feet, Foreign 1331000 feet.
Dear Mr. Dionne:
The Penberthy Lumber Company wish to extend you good wishes for your "Cullud Fun." If it is as funny as we think it will be it will fill a great need; it is so hard to find truly funny stories. Enclosed is a check for copy of same; will you send an autographed copy ?
We take this opportunity to tell you that we have so thoroughly enjoyed your Vagabond Editorials during the past year; your Fun, Facts and Filosophy is of next interest-and we never miss your story-20 years old or younger. Our family call you the Will Rogers of the Lumber Business.
Paul Penberthy.
PENBERTHY LUMBER COMPANY, Los Angeles, Calif.
Earle E. Johnson, Independent Lumber Co., Livermore, and prominent member of the club, was elected president of the East Bay Hoo Hoo Club No. 39 for the ensuing year, at the regular dinner meeting of the club held at the Athens Athleti'c Club, Oakland, Monday evening, August 8.
Taylor Sublett, of the Strable Hardwood Co., Oakland, was elected vice president, and Carl R. Moore was reelected secretary-treasurer.
Gordon Pierce, Boorman Lumber Co., Oakland; Miland R. Grant, \Mestern Door & Sash Co., Oakland, and G. F. "Irrry" Bonnington, Wendling-Nathan Co., San Francisco, were elected directors. Two more directors will be appointed by the president. All the past presidents of the club are ex-officio members of the board.
Another good program of entertainment was presented by the entertainment,committee. "Tom" Tomlinson's piano numbers were appre'ciated, and Artie Malner, lO-year old accordion player was heartily applauded. "Doctor" Josephus gave an amusing impersonation of an old-time medicine faker.
President Larue Woodson presided, and H. Sewall Morton acted as ,chairman of the nominating committee.
Your "But it isn't our policy, friends-it isn't our policy" was worth more than two dollars irt American money to me. Fact of the matter is that I get two dollars worth out of your Vagabonds ea,ch and every month'
Roper
o[ quafity, sevtce and price are essential factors governing the actions o[ discriminating buyers.
The name McCORMICK
LUMBER is synonymous with dependability.
Tty us... YOU \TILL BE CONVINCEDI
Believe it or not, it looks like the tide has turned ! Stay in there and pitch, and if you know any good prayerssay them!
tt * rN.
"Ye shall know the truth and the truth shall make you free." The truth is that peace and plenty is our normal state; that for several years we have been sadly sub-normal; that we are entitled to a return of health; that the world is weary of her vestments of sadness, and ready to greet the sunlight of prosperity; there are many definite and fundamental signs to indicate that we are climbing the hill.
our greatest drawbackn* ln.nr*n thinking of so many thinking people. Some of the finest intellects I know are absolutely submerged in a sea of pessimism created of their own intentness and concentration upon a lot of definite, specific, physical things of tragic financial character. Their firmament is so blackened by their own absorption in things that are black that they effectually blot out the spiritual things that might lighten their road and their load.
tt {. {.
They are tragically combating those two awful eternities-yesterday and tomorrow. And those two days will break down the strongest of us. No use talking, friends, in times of tragic trouble you've got to turn to something that you can't figure with a pencil, or weigh in a scale. And if you can't do that, you ARE in trouble, truly.
rF**
This sort of unfortunate folks-and all the rest of us as well-can find much comfort and consolation in a little daily contemplation of THIS portion of "The Game Guy's Prayer" that was printed not long ago in these columns: "Oh Lord, help me to understand that You won't let anything come my way that You and I together can't handle." For THAT is where we-the strongest of us-must find relief ; in the simple, child-like understanding that in this fight against the fogs of depression, we don't have to fight alone.
*!F{.
That mighty Intelligence-whatever you want to call it -that made us, and made everything, is still on the job, still RUNNING THE JOB. When we quit trying to run it ourselves, and begi4 realizing that the job is in good hands-regaq$less of how black it looks through our own
darkened glasses-the great weight of personal responsibility drops from our shoulders, and relief comes. People who acknowledge that partnership don't jump out of windows.
rt tl. !N(
The biggest reason why we'll come out of this depression much quicker than mo6t prognosticators claim, is because of the high morale of the nation. After nearly three years of the worst depression we have ever known we find that there have been fewer riots and less radical disturbances than in any previous panic. As a matter of fact outward evidences of radical activities are even less than in normal times. Splendid, isn't it?
*rB{.
One of the best remarks of the season comes from a man who was reciting how universally the farmers of the entire country are raising food stuff and canning it for their own consumptio4. He said that never in history have the farmers of the United States had so much food stuff on their shelves. But they have no cash to buy clothes. "Yes sir," he said, "We're going to have the fattest, nakedest bunch of farmers in this country this winter that ever was seen."
rf**
A lumber friend writes me that his wife overheard this one. A farm woman was exchanging a basket of eggs for groceries at the country store, and when she saw how little she was getting in exchange for her eggs, she plaintively remarked: "I don't see why they had to have this depression just at a time when we farmers are having such hard times too."
rl. {3 rt
They tell me that there hasn't been a bank failure in Canada for ten years. Looks to me like Congress might have investigated the why's of THAT situation to rnighty good advantage. Bank failures do more to intensify depressions than any other aggregate group of causes.
One of the most famous of American aero and auto engineers predicts that the small car era is just at hand, trshered in by depression conditions. He says that cars can and will be built with more passenger room, greater comfort, greater acceleration, much reduced gas consumption-and for very little money. Didn't I say there are compensations?
(Continued on Page 8)
(Continued
Some of the magazines are having a lot of fun quoting the various predictions of Dr. Julius Klein, Assistant Secretary of Commerce, since the depression started. History will probably relate that he missed more continuous guesses than anyone ever did before. It recalls to mind Knute Rockne's favorite story of the wise guy at the football game who announced aloud in advance every play to be made, and missed every one of them, to the huge joy of the surrounding fans.
:g*:F
Finally the tearn got down to the five yard line, having ilone nothing on the way down the field that the wise guy said they would. Just then one of the fans called to him{'What are they going to do now, Mr. Smart Alec?" And he, unperturbed, answered: "Well, I've brought them down to the five yard line; if they can't get over from there*to Hell with'em."
x*{.
All I hope is that Doctor Julius doesn't stick his nose in now and proclaim that the depression is over. That's the only thing I can think of right now that might delay our ionvalescence.
from Page 6)
The best argument against cancellation or readjustment of the war debts Europe owes us is that the only way to keep those birds from fighting is to make it too expensive. If WE pay for their LAST war, they'll take a chance on another. And if we cancel their war debts, WBLL be paying for THEIR war. If THEY pay for their LASf, one, they won't have ammunition to start their NEXT One.
And the best argument FOR canpellation or readjustment is the fact that WE have made it WEIL NIGH IMPOSSIBLE for them to pay us. They can only pay in ca$h or goods. They haven't the cash, or anywhere to get it. And we build a tariff wall to keep out their goods. So how can they pay? They owe us the money. We loaned it to them in good, hard cash, and in good faith, and they ought to pay it. But if WE fix it so they CAN'T-what t-Hell? Having thus argued both sides of the matter, dE will pass on to sorne thing else.
t!F*
A lunaber dealer writes me, chortling his contempt for this threatened avalanche of standardized, unit-built, metal
Beprtnted trorn Growtc Paclilc Goart Lunber Dlgertl portland, oregon
Jack Dionne, well known publisher of the Gulf Coast Lumberman and the California Lumber Merchant, who is conceded to be one of the best after dinner spealrers and stgw tellers in the United States has recently announced the publication of 24o ol hir best "Nigger" stories under the title of "Cullud Fwr."
Northwest lumbermen are well acquainted with Jack Dionne and his remark$t9 abilty to always have ready a good coon story to fit into every situation. Wfih a keen sense of humor and an intimate knowledge of negro diiect, Jack's stories always ring the bell, and too, without being srtt rtty or salacious.
'€ullud Fun" is the best of twenty-six years' of story telling, a clean book which can be read and enjoyed by the children as well as the older folks. The book con.tains 160 pages neatly bowrd and it is going in the South like wild fire. Th*g who gpeak frequently in public will find "Cullud Fun" a great asset in dreasing up their talks and thoce who have difrcutty in lnowing wh"t to say can selcct stories from this book that will eliminate the n€cessity of stumbling "lo.g clumsily for lack of wonds.
Half of the first issue of "Cullud Fun'l has already been sold. The price is $2.fi) qer coFr_y: Tb"* wishing to_get 'jCrrllud Fun" can rend $2:(X) to JacfDionne, 318 Centraf Building, Los Angeles, C,alifornia, and a copy will be mailed promptly.
homes we've been reading so much about. And a lot of his ideas are good. He says that, in the South particularly, the sun would never set on such a house. Correct, my friend ! All the air conditioning on earth would be required to offset the effects of the sun on such a structure in summer'
And, if the public wants standardized, unit-built homes, made at the factory of big, cut-to-fit sheets, they can be made out of laminated and other methods of making big boards from wood to much better advantage than they could out of metal; lighter, easier to handle, eaiser to fit and adjust, with aU the good qualities of wood, and none of the drawbacks of metal. Wood has all the advantages. All it has to do is employ them.
* :lB rf
A wise business man remarks that large profits in business only develop in two ways. First, when the demand greatly exceeds the prciduction. Second, when some one learns how to produce something of common use at much less cost than his competitors. And he says that in the first case they always use their big profits to increase their production, and as soon as it catches up with demand large profits cease. In the second case large profits continue until competitors learn to make the article also at low cost,
and then the consumer gets the benefit and the profits. tr.**
True, brother, true ! In the lumber manufacturing business the first way is the only way large profits have ever come. And they have always come for very temporary visits when emergencies of some character cause the demand to soar. And the mills have a one hundred per cent record for success in quickly and effectually destroying those large profits by swamping the demand under a tide of increased production. Nobody in the lumber business ever made any large profits by the second route.
Someone is always asking me why I don't jump all over the sawmills for the terrific price-breaking slide they have been indulging in the last year or so. Why, bless your soul, I can't do that ! When, as my friend Carl Crow says -'(Bys1y mill man is fighting for a toe hold, hoping by some means to remain in the picture until the upward swi4g comes," it is not the time for criticism, or unkindly remarks. That time-honored and never-to-be-rqrealed law of self-preservation has made every man a lone wolf in his desperate scramble for existence. That's one primwal instinct we all understand. whether we admire its effects or not.
THE FIRST AUTOGRAPHED EDITION OF JACK DIONNE'S BOOK
CONTAINING ALL HIS FAVORITE DARKEY STORIES HAS BEEN ISSUED, THE ORDERS FILLED AND THE BALANCE READY FOR IM. MEDIATE DELIVERY. IT IS THE GREATEST BOOK OF "NIGGER'' STORIES EVER PRINTED. YOUR COPY IS READY.
NEARLY EVERY ORDb,R BRINGS A RE.ORDER.
Mr. Jack Dionne, 318 Central BIdg., Lor Angelec, Calif. Encloced find $2.00 for which send rne a copy of "Cullud Fun".
The board of five, who will supervise the new Federal home loan bank system, was ,created by President Hoover on August 6 with Franklin W. Fort, of New Jersey, as its chairman. The other members of the board appointed by the President include; William E. Best, Pittsburgh, Pa,, Dr. John M. Gries, Rosewood, Ohio; Nathan Allen, Dallas, Te*as, and H. Morton Bodfish, Chicago, Ill.
A summary of the various provisions of the Federal Home Loan Bank Act, that was signed by President lfoover on July 22, showing how it is intended to function follows:
Organization
A. Appointment of Board-The authority in the Home Loan Bank System is centered in a Federal Home Loan Bank Board consisting ,of five members appointed by the President of the United States. Their importance is comparable with the Federal Reserve Board in the Federal Reserve System. (Section 17.)
(r) The first duty of this board will be to establish not less than eight (8) nor more than twelve (12) Federal Home Loan Bank Districts. (Section 3.)
(b) Each Federal Home Loan Bank will be managed by a board ,consisting of eleven (11) directors. For the first year these directors will be appointed by the Federal Home Loan Bank Board. (Section 7.)
(c) Thereafter the Federal Home Loan Boarcl will appoint two of the directors of each bank with the remainder being elected by member institutions. (Section 7.)
(d) The Board has broad powers of examination and supervision over the Federal Home Loan Banks and the member institutions. (Section 4-a.) (Section 4-c.) (Section 8.)
(.) In order to equalize the supply of funds the Bohrd, under certain conditions, has p,ower to compel the Federal Home Loan Banks to shift funds from one bank to another. (Section 11-h.)
B. The Federal Home Loan Banks.
(r) There will be a Federal Home Loan Bank in each district. (Section 3.)
(b) The Federal Home Loan Bank Board will determine the capital for each Federal lfome Loan Bank with a minimum of $5,000,000 for each bank. (Section 6-a.)
(c) After the country has been districted and other details taken ,care of books will be open for subscription for
stock by the institutions which are eligible under the Act. (Section 6-a.)
(d) Thirty days after the book have been opened if the appli.cations for membership do not equal the ,capital as specified by the Board the United States Government will subscribe for the remaining stock but not more than $125,000,000. (Section 6-f.)
Membership in the Federal llome Loan Bank System
A. Who is eligible for membership. (Section 4-a.)
(r) Building and loan associations, savings and loan associations, co-operative banks and homestead associations. (Section 4-a.)
(b) Savings banks and insurance companies (all other banks are excluded). (Section 4-a.)
(.) The above institutions are eligible if they are brganized under the laws of any state or of the United States and are subject to supervision. However, no institution is eligible if in the judgment of the Board its financial condition does not justify an advan,ce, or if it does not make long term mortgage loans, or in the case of a savings bank, il the deposits are not su,ch as to justify its making su,ch loans.
(d) Any building and loan association otherwise eligible which is not State Supervised may become a member if it subjects itself to such inspection and regulation as may be prescribed by the Board. (Section 4-c.)
(") No institution may become a member if the net cost of its loans to the home owner exceeds the maximum legal interest rate in the State or the 'contract rate. If neither a legal rate nor a contract rate is provided by the State law, no more than 8/ocan be 'charged. (Section 5.)
B. How to become a member.
(") Subs,cribe to capital stock of the Federal ilome Loan Bank in your district. (Section 6-c.)
(b) The amount of this subscription must be at least 1/o of. the unpaid principal of the subscribers' home mortgage loans but not less than $1,50O. (Section 6-c.)
l. Unpaid principal means the original amount of the loan minus payments on the mortgage or payments, dividends and earnings on stock pledged by the home owner. (Section 2-sub-se,ction 7.)
2. A home mortgage is-(Section 2-sub-section 6.)
a. A first mortgage on a dwelling of not more than three families.
(c) How is subscription paid? (Section 6-d.)
l. 25% upon application for membership, 25% each four .months' period until the total is paid. (Section 6-d.)
(d) Associations are eligible to borrow twelve (I2) times the amount paid on their stock subscriptions. (Section 10-c.)
(e) Example: If your association has assets of $1,250,000, of which $1,000,000'consists of home mortgages with an unpaid principal as above des'cribed, its stock subscription would be $1O000. $2,500 will be paid immediately, giving you a borrowing power of $30,000. At the end of the year, when the full subscription of $10,000 has been paid, your borrowing polver would be $120,000.
C. Who are non-member borrowers ?
Associations whose State laws do not permit them to purchase stock in the Federal Home Loan Bank Systern may become non-member borrowers by depositing such security in addition to home mortgages as may be required by the Board at least equal in amount to the above des,cribed stock subscriptions. The borrowing powers of nonmember borrowers are the same as those for members. (Section 6-e.)
1. When any State enacts legislation permitting associations to buy stock in the Home Loan Bank System nonmember borrowers in that State must either subscribe to stock or be deprived of the right to borrow. If at the next regular session the State Legislature does not pass legislation permitting the associations to buy stock in the system the bank shall proceed to liquidate the indebtedness of the non-member borrowing associations of that State. (Section 6-e.)
2. No loans to non-member borrowing associationscan be made for a period of more than one year but may be renewed for yearly periods or less. (Section 6-e.)
3. No loans may be made to a non-member borrower for a longer period than until the end of the next regular session of the legislature. (Section 6-e.)
D. I{ow may a member withdraw from the Federal Home Loan Bank System? (Section 6-i.)
(a) By giving six months' written notice to the Board.
(b) Indebtedness of such member shall be liquidated.
(.) Capital stock in the Federal Home Loan Bank shall be cancelled.
(d) Provision is made for the equitable return of the member's investment in stock of the Federal Home Loan Bank.
E. Provision is made for the payment of dividends on stock from the earnings of the banks after establishing adequate reserves. (Section 16.)
F. Member and non-member borrowers may deposit funds rvith the Home Loan Banks. These deposils are not subject to check and no rate of interest in excess of.2/o can be paid on them. (Section 11-g.)
G. The Federal Reserve Banks may in turn act as depositories for the Federal Home Loan Banks. (Section 1s.)
H. Under Banks can act 14.)
SOMETIMES CALLED WHITE ANTS
ROT AND DECAY
These and similar ruinous pestsenemies'of a[[ cellulose building ma' terials-are barred from all Celotex products-Celotex Building Board, Celotex Sheathing, Celotex Tile Board, Celotex Lath-by
Integral-N ot Surf ace T rutment
This Triumph of Modern Research Belongs Solely to Celotex and As' sures the Celotex Dealer fnvaluable Selling Advantages.
CELOTEX DEALERS ARE INSULATION HEADQUARTERS
'certain conditions the Federal Home Loan as depositories for public money. (Section
(Continued on Page 13)
Continued from Page 11)
A. Long term borrowing.
(") Members and non-member borrowers can Secure advances up to twelve (L2) times the amount of their stock subscriptions or deposits. (Section 10-c.)
(b) The rate of interest is determined by the Board at the time the loan is made and will be largely dependent on the rates paid on bonds. (Section 11-e.) (Section 10-d.)
(") Security for advances.
1. Home mortgages must be put up as security. (Section 10-a.)
a. No mortgages shall be eligible as security if-
(1) At the time the loan is made the home mortgage has more than fifteen years to run to maturity. (Section 1Gb.)
(2) The mortgage is more than six months past due when presented. (Section 1Gb.)
(3) The value of the real estate mortgage is more than $20,000. (Section lGb.)
2. If the loan was originally made for eight years or more. (Section 1Ga.)
a. The Home Loan Bank may loan up to 60/o of the unpaid principal of the mortgage, and
b. Up to 4O/o of the value of the real estate securing the mortgage.
3. If any other home mortgages are put up as security(Section 10-a.)
a. The Home Loan Bank System cannot loan more than 5O/o of. the unpaid principal, and
b. Not more than 3O/o of the value of the real estate.
4. The Home Loan Bank holds the stock of borrowing members. (SectionlO-c.)
(d) Policy of repayment of advances will be determined by the Federal lfome Loan Bank Board. (Section 10-d.)
(e) What is the sour'ce of these long term funds?
1. Each bank has power to issue bonds subject to the approval of the Board. (Section 11-a.)
2. The bonds of ea,ch bank must be se'cured by at least
I%)/o in home mortgages. (Section 11-c.)
3. fnterest rates.
a. The Board has the power to determine rates of interest paid on bonds. For first seven years rate shall not be over 5l/o and thereafter not over 5/o. (Section 11-e.)
4. Tax exempt.
a. Bonds are exempt from local, state and most Federal taxation. (Sectionl3.)
B. Short term borrowing.
(") Sour,ce of funds-all funds from stock subscriptions and deposits of non-members and members cannot be invested for periods of more than one year and may be used for-(Section 11-i.)
1. Purchase of obligations of the United States.
2. Deposits in banks or trust companies.
3. Loans made to members or non-member borrowers for not more than a year.
(b) Member and non-member borrowers whose creditor liabilities, excluding advances from the Federal Home Loan Bank, do not exceed 5% of. their assets, may borrow for not more than one year without collateralizing mortgages upon conclitions pres,cribed by the Board. (Section 11-i.)
(.) Member and non-member borrowers must subject themselves to examination by the Federal Home Loan Bank from which they borrow and by the Federal Home Loan Bank Board. (Section 22-b.)
Miscellaneous
A. It is unlawful for any associations, corporation, partnership or individual to advertise that he or it is a member of the Federal Home Loan Bank System if he or it is not su,ch a member. (Section 21-d.)
B. Subject to the sanction of the Board if at any time any of the banks have more funds than can be used in advances to members they can be invested in obligations of the United States or in such securities as fiduciary and trust funds may be invested in under the laws of the State where the Federal lfome Loan Bank is located. (Section I 1-j.)
The average man today will feel deeply in with the colored brother in this story. His friend said to him, "Boy, whut would you had all de money in de world right now?"
sympathy And, after studying the subject very carefully for some time, he replied: you do if "\^rell suh, Ah tells you whut. Ah'd jes'pay hit on mah debts-fur as hit would go."
Langford W. Smith, formerly sales manager of the Red River Lumber Company, Westwood, Calif., has opened an offi,ce at 3001 Dwight Way, Berkeley, where he will conduct a general wholesale business in Pacific Coast woods. His telephone number is THornwall7134.
C. F. Reeder, Peoples Lumber Co., Fillmore, Calif., was a recent Los Angeles visitor on business. He took an afternoon ofi to attend the Olympic games and watch Eddie Tolan, Ralph Metcalf, Bill Carr, Ben Eastman and the other track stars perform.
Dan R. 'Wagner, Wagner Lumber & Mill Co., Santa Barbara, Calif., was a recent Los Angeles visitor where he spent several days taking in the various Olympic games events and calling on the lumber trade.
J. D. Rea has been appointed manager of the Hayward Lumber and Investment Co. yard at Vista, Calif, For the past several years, Mr. Rea was with the San Gabriel Valley Lumber Co. as manager of their yard at Baldwin Park.
E. B. (Ed.) Culnan, Chas. R. McCormick Lumber Co., Los Angeles, was one of the offi.cials in the Olympic games' equestrian events held at Baldwin Hills, Riviera Club and the Olympic stadium. The officials were chosen from the active and reserve mounted ofiicers of the United States army. Mr. Culnan is a Major in the Field Artillery, Reserve Corp., United States Army.
H. G. Larri'ck, Lumber & Builders' Supply Co., Solano Beach, Calif., spent a few days in Los Angeles recently attending to business matters. His family accompanied him on the trip and they spent an afternoon attending the Olympic games track and field events at the Olympic stadium.
Frank G. Duttle, president and general manager of the Sterling Lumber Co., Oakland, is spending his vacation at his summer home on the Russian River, near Healdsburg.
Lloyd M. Hebbron, who for the past seven years has been manager of the Santa Cruz yard. of the Homer T. Hayward Lumber Co.; has pur'chased this yard, and will operate it under the name of the Hebbron Lumber Co.
Washington, July 28.-The lumber and timber products industry ranks second in Arizona in number of wage-earners and amount of wages paid, .being exceeded only by copper smelting, says the National Lumber Manufa,cturers Association. Of all the wage-earners in the state engaged in manufacturing industries, 2,084 or 20 per cent are employed in the sawmills and logging operations, and $2,268,088, or 15 per'cent of all wages paid in the state in manufacturing establishments are paid by the lumber industry. These comparisons are based upon U. S. Census Bureau reports.
In value of products, the lumber industry is third in Arizona, 'copper smelting and meat packing showing higher totals.
Arizona ,cuts no hardwoods, according to the Census Bureau. Of its production of softwoods in 1930, of" 95,497,000 feet, 95,413,000 feet were of Ponderosa pine (including some "Arizona pine") and 84,000 feet was Douglas fir. In 1929, ol the total lumber cut of I74,594,M feet (all softwoods) 173,586,000 feet was Ponderosa pine. Thirty-one mills reported in I9D, one of which cut more than 50,000,000 feet; three between 15,000,000 and 50,000,000 feet each, and 26less than one million feet each. The ,cut in 1929 was the largest on record.
One-half of the lumber shipped by rail by Arizona sawmills is distributed in the home state or goes into New Mexico, the proportion being about 43 per cent for Arizona and 7 per cent for New Mexico. In the latest year of re,cord Arizona sent approximately 18 per cent of its lumber to Missouri and Kansas; 9 per cent to Illinois; 8 per cent to New York and Pennsylvania and 5 per cent to Texas.
Box and crate manufacture is the principal wood-using industry of the state.
George W. Moore, 73, pioneer lumberman and former state senator of Michigan, died at Petaluma, Calif., July 28, from pneumonia.
Mr. Moore was born at Port Huron, Mich., April 18. 1859. He entered the lumber business in Michigan in 1878, and remained in it until 1890, when he went into the banking business. After 15 years as a banker he came to Bandon, Ore., in 1906, where he founded the Moore Mill & Lumber Company. For several years past he had made his home in San Francisco. He is survived by his widow, Mrs. Harriet R. Moore, San Fran,cisco; four sons-Carl R., of Oakland, Ralph T. and John S. of Bandon, Ore., and George W. Moore, Jr., of Petaluma; a daughter, Miss Mary E. Moore, and four brothers and three sisters in L4ichigan.
M. J. Schmitt, of the Longlyfe Cedar Produ'cts Co., Port Angeles, Wash., returned recently from a two weeks' business trip to California.
Thc abllity of Rcdwood to talc ard rctah a palnt finleh L uncxelled. Thk lr duc to itr fim, cven txturu and cntlrc fredm fro pltch, rarln q olh.
Tha U. S. Govcrmcnt'r llx yar t6t tro. that a Redwod pitnt Job lartr lmgr un&r rny extEur6 thm dl other mterbb. Furltemorc, it is not ncsla(y or &ginblG that ey lpecial Dre-tmtment or stf,clal paint fomula be ucod.
Dsdec of experlere mfm Redwood'r high ranking on paintability.
We Ca,rry a cornplete stock of both kiln dried and air dried PORT ORT'ORID GEIDAN
I*t us take care of your orders with our
Besides its other outstanding protective qualities, Pioneer Asphalt Emulsion Roof Coatings resist fire.
Each year, approximately 25/s of the nationts fire loss is caused by fires that start on roofs. When you sell youf customef a roof coating job of Pioneer Asphalt Emulsion, you are gving himnot only positive protection against vsadrgl-$ut additional protection against the hazard of loss by fire, too.
Pioneer has prepared a definite, practical plan based on the success' ful experience of other lumber dealers that will sell Asphalt Emul' sion for you.
Keep gourself safe from competition by using the exclusive ptoducts manufactured by Pioneer Paper Company.
The use of California redw,ood as a siding material is being introduced to the architects and builders of Los Angeles by two new displays recently erected in the Architects Building Material Exhibit at Fifth and Figueroa streets. These displays, illustrating the adaptability of the siding to the Monterey and Colonial styles of ar.chitecture, show that the thickness of the wood, rvhich is greater than that of ordinary siding, not only adds to the strength and insulation of the walls, but throws heavier shadows which add
"NOW is the time to start advertising. Start the machine in 'first' not later than September, shift to 'second' around the first of the year and then throw in to'high' in April.
"While this prescription ,cannot be applied to all industries alike, it will especially apply to all those individual manufacturers, merchants and industries whi'ch in recent months have been compelled through shortage of funds or conservation of resour,ces to temporarily curtail or stop their advertising altogether.
"Who will pay for this advertising, is a fair question to ask. The manufacturer or mer,chant who does not advertise will pay."
This is the statement of George H. Corliss, member of the California bar, authority on mer,chandising, Advertising and Sales Promotion Manager of the J. A. Fay & Egan Co., Cincinnati, Ohio, the world's oldest manufacturers of woodworking machinery.
Under the terms of the emergency relief and regular appropriation bills passed by the last Congress, g3,584,615 will be spent this fiscal year in the national forests of California for the constru'ction and improvement of forest highways, roads, trails, bridges and fire prevention projects, according to report of S. B. Show, chief of the California Region, United States Forest Service. This is the largest sum ever re,ceived in one year by the local Forest Service for road and improvement work, and will furnish employment for large numbers of men.
Of the total Federal allotment to the national forests of California, $1,458,566 comes from the Emergen,cy Relief Bill signed by President Hoover on July 21, which contained a $10,000,000 item to be expended in the national forests throughout the country for unemployment relief. The balance, $2,726,U9, is a part of the regular Department of Agriculture appropriation for road and trail ,construction and protection improvements in the national forests.
lllustrating the use ol'CalilorniaoRedwood u.Anzac" sid,ing lor colonial greatly to the ar,chitectural beauty and appearance of the stru'cture.
New Zealand and Australia dis,covered this use for California redwood about five years ago, and because of the termite resisting qualities of the wood, have allor,ved it to enter both ,countries free of duty. The siding, rvhich is called "Anzac," was narned after the New Zealand Expeditionary Forces in the rvorld war.
Major roads within the national forests of California that form part of the standard State and county highway system, will receive $2,347,672, and an additional $1,236,943 will be expended on minor national forest roads, trails, firebreaks and other protection improvements.
"The IJ. S. Forest Service," said Mr. Show, "welcomes the opportunity to give substantial aid to those who are out of work. We are also planning to continue..our cooperation wiih the California Unemployment Commission in the establishment of labor'camps in or near the natio4al forests as was done last winter.
The Pacific Lumber Company recently reopened .their Su'eetrvater logging operation.
St. Paul, Minn., August 4.LE. L. Carpenter; who first acquired an interest in and became an executive officer of Shevlin-Carpenter Co.,-the parent company of Shevlin, Carpenter & Clarke Company, on August I, 1892, and who since the untimely death of the late Thomas L. Shevlin in December, 1915, has been President of practi'cally all of the companies whi,ch were an outgrowth of Shevlin-Carpenter Co., has requested that he be relieved of a portion of his activities in conne'ction with Shevlin, Carpenter & Clarke Company and the interests under its management.
In order that the long experience and fine judgment of Mr. Carpenter might not be lost, he has been prevailed upon to ac,cept the Chairmanship of the Board of Directors of Shevlin, Carpenter & Clarke Company, The Shevlin Company, and The McCloud River Lumber Company. He will also remain a director of all'companies under the management of Shevlin, Carpenter & Clarke Company, and his counsel and cooperation will be available in the future as it has always been in the past.
The organization which has been built under the leadership of Thomas H. Shevlin, Thomas L. Shevlin and Mr. Carpenter recognizes the wisdom of Mr. Carpenter's decision, and he will carry with him its best wishes for his future health, happiness and prosperity.
Mr. Carpenter's successor to the Presidency of Shevlin, Carpenter & Clarke Company, Minneapolis, CarpenterHixon Company I.imited, Blind River, Ontario, and Shevlin-Clarke Limited, Fort Frances, Ontario, as well as a number of other'companies, is Mr. Paul V. Eames. Mr. Eames has also been elected President of The Shevlin-Hixon Company, Bend, Oregon, as su'ccessor to Mr. Robert Hixon who has been elected Chairman of the Board of Dire'ctors of that company. Mr. Eames has also been elected General Manager of Shevlin, Carpenter & Clarke Company. Mr. Car-
Expert counsel to prevent firesSpecialized policies to protect against lossSubstantial dividends to protect against cost. 'Write any of our companies.
Catnlfudr.t!ffitdnl Thc Lubcnor tntrrl luruoCorpuy of lmmeConput of Vu WcrL Otio feuficld, Ohio lndhulanbcruortuturl NortlwclcnfrhrlFin Imnlcc Coupuy of Ascilior of luliupolir'lqt. Sottlc'WuL fhc Lsnbcr tutud Fin Pouvlroie laubcno lmmoConprryof fnnrlFirchrroeCo.of lo*o1' tu Plhlclplir, Pu
penter's successor to the Presidency of The McCloud River Lumber Company, McCloud, California, is Mr. Robert Hixon.
Mr. Eames has been connected with Shevlin, Carpenter & Clarke interests since 1907; having filled numerous offices since that time and has been executive vice-president since Ig25. He takes over the executive authority at a time of great diffi'culty and stress throughout the entire industrial world. He will have the loyal support of the organization built during the years of his predecessors.
For many years Shevlin, Carpenter & Clarke Company directed the sales as well as the management of companies producing Shevlin Pine. In September, 1931, complete iegregation of produ'ction and sales resulted in the organization of Shevlin Pine Sales Company and Shevlin Pine Sales Company Limited, for the purpose of handling more efficiently the sale of Shevlin Pine.
The present changes in Shevlin, Carpenter & Clarke Company organization have not afiected Shevlin Pine Sales -Co-p"ty or Shevlin Pine Sales Company Limited' The members of the board of directors of both companies are E. L. Carpenter,'Paul V. Eames, J. P. Hennessy, Robert Hixon and R. W. Wetmore. The offi'cers of both companies are as follows: J. P' Hennessy, -President; L' W' -Carpenter, Vice-Prisident; F. 'W. Coan, Vice-President; C' H. Shevlin, Vice-President; L' O. Taylor, Vice-President' Executive 'offices of both sales 'companies are located at 900 First National Soo Line Building, Minneapolis' District sales offices are maintained in Chi'cago, Minneapolis, New York. San Francis'co and Toronto' The Shevlin Pine Sales Company Limited will sell in Canada the products of The McCloud River Lumber Company, McCloud, California; The Shevlin-Hixon Company, Bend, Oregon; Carpenter-Hixon Company Limited, Blind River, Ontario; Shevlin-Clarke Company, Limited, Fort Frances, Ontario'
The experiment of strict enforcement of the anti-trust laws has not proved a success. What we need is power to act, not prohibition against action. We cannot longer tolerate a situation that makes it impossible for men to carry on their trade with profit to themselves and usefuliress to others.-James
R. Garfield."Now, Miss Blogg", boomed Jasper M. Whurtle, Whurtle Whirland Laundry Company, to his new stenographer; "f want you to understand that when I dictate a letter, I want it written AS dictated and not the way YOU think it should b+understand?"
"Yes, sir," said Miss Blogg, "I fired three stenographers see ?"
ttYes, sir."
"All right-take a letter."
meekly. for revising my letters,
The next morning Mr. O. J. Squizz of the Sguizz Flexible Soap Company received the following:
Mr. O. K. or A. J. something-look it upSquizz, President of the Spuizz-what a name-Flexible Soap Company -the gyps-Montreal-that's in Quebec, aift it?
"You're a heluva business man. No, start over. IIe's a crook but I can't insult him or the bum will sue me. Quit chewing that'pencil. The last shipment of soap you sent me was of inferior quality and I want you to understand, -no scratch that out-I want you to understand, Ah, unless you can ship, furnish, ship, no furnish me with your regular soap, you needn't ship us no more period or whatever the grammar is, and please pull down your skirt. This damn cigar is out again, pardon me, and furthermore where was I? Nice bob you have, baby.
"Paragraph. The soap you sent me wasn't fit to wash the dishes-no, make that dog-with, comma let alone the laundry comma and we are sending it back period. Yours truly. Read that over, no nwer mind, I won't waste my time on that egg, I'll look over the carbon tomorrow. Sign my name. And say-how about you and me going out to lunch?"
A man should so live that at the close of the day he can repeat: I have not wasted my day.
Methought I saw a genial soul, Whose face beamed jollity. He raised his club as if to strike, And only hit the tee.
"Now how could anyonF' said I "Oh, go to Hell", said he.
Could we but regard ourselves as interdependent, as nations that must trade with each other, that must lend to each other, that must trust one another, that must grin and take on the spirit of reciprocal friendship, we would give courage to the faltering voices of statesmen who see the course we should traverse but who are not emboldened yet by an enlightened opinion to set their faces to the horizon that beckons them.-David Lawrence.
Mother: "Johnnie, I know thousands of little boys and girls who would be glad to eat that spinach."
Johnnie: "Name three of thern-"
The big Irish woman went into the gents furnishing store and told the salesman she wanted a collar for her husband. She selected it, and told him to wrap it up.
"Do you only want one?" asked the salesman, superciliously.
"Certainly, you fat head", she replied briskly; "\Mhat do you think I am-a bigamist?"
The retired storekeeper was giving sound advice to a new f,nan in the business.
"When I was in business," he said, "I made it a rule nevef to dun a gentleman."
"But what did you do if someone failed to pay up?" he was asked.
"Oh, in that case," he replied, "I decided he was not a gentleman, and I made him pay."
Sixty-three members and guests were present at the 16th general meeting of the Coast Counties Lumbermen's Club, held in San Luis Obispo on Saturday evening, August 6.
Among the guests were H. A. Lake, president, and D. C. Essley, manager, of the California Retail Lumbermen's Association, and the following dealers attended as guests of the Coast Counties Club: George C. Burnett, Tulare, president, San Joaquin Lumbermen's Club; Chas. G. Bird, Stockton, president, Central Valtey Lumbermen's Club; F. Dean Prescott, Valley Lumber Co., Fresno;'Warren Tillson, Modesto Lumber Co., Modesto; Al Hubbard, Hubbard & Carmichael Bros., San Jose; Elmore King, King Lumber Co., Bakersfield; Steve Ross, Central Lumber Co., Hanford; Ray Clotfelter, W. R. Spalding Lumber Co., Visalia, and Law-
Arthur S. "Red" McKinney, recently with the Monterey Bay Redwood Co., and formerly with Redwood Manufacturers Co., has opened a new yard in San Jose. The yard rvill be operated under the name of Willow Glen Lumber Co.
ren'ce Marsh, Hammond Lumber Co., Madera.
In addition to the four Coast Counties secretaries the following visiting secretaries rvere present: Forrest Peil, Fresno; Tom Gardner, Stockton, and Ed Larson, San Jose. ' Harry Nuss, manager of the San Luis Obispo branch of the Bank of America, addressed the meeting on the subject of "Banking As It Affects the Lumber and Building Material Industry."
Interesting talks were given by George Ley, H. A. Lake, D. C. Essley, L. F.Lelfane, J. H. Kirk, Sterling Truitt, W. A. Bales, Wiley Masengill, Warren Tillson and Elmore King.
Twenty-three splendid entertainers made merry for the boys between the serious periods of the meeting.
Charles Treft, of Morrison-Merrill & Co., wholesale and retail lumber dealers, Salt Lake City, has recently been in California on a vacation trip with his family. He visited San Fran'cisco and Los Angeles, and made a trip up the Redwood Highway to Scotia for the purpose of visiting the sawmill and logging operations of The Pacifi'c Lumber Company, for which his company are agents.
L. M. Hamman, Hamman-M,cFarland Lumber Co., Phoenix, Arizona, was a Southern California visitor the early part of the month where he spent a week's vacation. He attended some of the Olympi,c games events and also called on the Los Angeles lumber trade. His family accompanied him on the trip.
Jack Kiley, Union Lumber Company salesman, is enjoying a three weeks' vacation.
The accompanying picture shows a partial view of one of the stands erected at the Civic Center, San Francisco, for spectators of the various Shrine parades at the Shrine convention held July 2G28.
A total of 62,ffi seats were built around the Civic Center,
A movement is under way in the Northwest for an extension of free time at docks for domes'tic shipment on forest products originating at interior points and shipped by rail to tidewater for movement by boat to Gulf and Atlantic Coast ports via the Panama Canal.
The following is a copy of a letter that has been sent to the railroad companies operating in the Northwest:
"IJnder present demurrage rules forest products originating at interior Oregon and Washington points and shipped by rail to tidewater for subsequent movement by boat to Gulf and Atlantic Coast ports via the Panama Canal is permitted only 48 hours' free time for unloading at the port whereas when the ultimate destination 'of the traffi,c is points in foreign countries and other off-shore destinations five days free time is allowed.
and the lumber for the stands totaling 1,526,0W feet was furnished and delivered on the job by the Chas. R. McCormick Lumber Co., San Francisco. All the lumber used was Douglas Fir. The stands have been wrecked and the lumber will be sold as used material.
Chicago, July 3O.-Business troubles reported to the Lumbermen's Blue Book for the month of Tune are as follows:
t932
36 Bankruptcies.
22 Receiverships.
3 Assignments.
13 Extensions Requested.
5 Creditors' Committees Appointed.
5 Composition Settlements.
1931
l8 Bankruptcies.
10 Re'ceiverships.
4 Assignments.
8 Creditors' Committees
. Appointed.
4 Composition Settlements.
Inquiries for special credit reports were of the same amount as the same month last year. This is an encouraging reflection of conditions since there has been a decrease for several months past as compared to the same months of 1931.
The number of ,claims placed for collection was less than a year ago, but the average,claim involved about 2O/o more in amount. Collections were easier than in June, 1931.
Ray Shannon, salesman for the Union LumberCo., San Francisco, is back on his territory after having a three weeks'vacation.
"We presume this difference is in part predicated on the theory that traffic to domestic destinations bordering on the Gulf and Atlantic Coast is compe.titive with the rail movement. This, however, from the standpoint of transportation cost is in'correct for the reason that the going water rates from North Pacific Coast ports to Gulf Coast and Atlantic Coast ports are only a fraction of those applicable by rail. We believe, therefore, the five day free time allowan,ce should be granted on the movement of intercoastal lumber traffic as well as traffic to foreign and offshore destinations. Such a modification of the existing demurrage rules would not be more costly since system equipment could be used. Neither would this more liberal time allowance make the slightest difference in the available car supply of which there is and has.been a huge surplus. Reports of the American Railway Association, for illustration, showing that the average daily surplus of freight cars in the United States in the period May 15 to May 31 inclusive as 750,574 of which box'cars totaled 322,717, flat cars 24,146. This proposal will, moreover, increase the revenues of the ,carriers in lending encouragement to an inlcreased movement of the traffic in competition with direct movement by vessel from sawmills located at tidewater points.
"Your prompt consideration of this request will be greatly appreciated."
Among the lumbermen Shriners who attended the Shrine Convention in San Francisco luly 26, 27 and 28 were John Morley, H,omestead Lumber Co., Sacramento; Herman Herwig, Watsonville Lumber Co., Watsonville; R. P. Fuller, Home Lumber Co., Manteca, and Fred Benton, Diamond Match Co., Sacramento.
A meeting of the California Lumbermen's Council was held at San Luis Obispo on Saturday, August 6. Twentysix lumber and building material dealers from various parts of Northern California were present.
Washington, August 1.-The recommendations of the U. S. Timber Cons'ervation Board (submitted to the president of the United States on June Z3rd and publicly released on August lst) are reassuring, hopeful and constru,ctive in the opinion of the forest products industries, as expressed by Wilson Compton, manager of the National Lumber Manufacturers Association, and acting head of the American Forest Products Industries, which is now in process of gathering into a single correlated group various divisions of the primary wood industries.
"It is noteworthy", he says, "that the Board has pointed to the uneconomic existing methods of timber taxation as the principal basic cause of overproduction of forest products and the resultant distress in the forest industries. The Board has found and has frankly declared that the 'burden of taxation on mature standing timber is the most important single present factor forcing the sale or cutting of timber without due regard to the current market demand for forest products.' Such a finding on the part of a competent public body, after a year and a half of study of forest economic problems, should prove convincing to authorities in principal timber states that until the timber taxation problem is constructively dealt rvith, the problem of forest conservation and of stabilizing the forest industries will not be solved.
"The widely practiced system of taxing standing timber on the sole theory that it is a land improvement is both unnecessary and uneconomic. All that is necessary is that forest land be taxed as other crop-bearing land is taxed, namely, on the value of the land itself. Any taxation necessarily imposed on the tree growth as distinguished from the land should be levied on the yield of forest products when cut. Every other country which has solved its forest problem has learned that fact and is applying it. Equal revenue could be obtained and the pressure for liquidating on an unwanting market could be relieved through levying the tax on a yield or cutting basis. The pronouncement of the Timber Conservation Board fixes attention on the archaic and unsuited habit of taxation customarily applied against timber and argues the adoption of more modern and more apt methods with the same benefits but happily lacking the weaknesses of the old system.
"The Board has found additional problems afiecting the well being of the forest industries and has embodied these findings in a well rounded program of twenty re.commendations calling for specific action. Among these is included the relation of administration of publicity controlled forests to the general problem. Noting that three separate federal bureaus are at present administering these public properties without a common policy, it has recomminded to the President and Congress an administrative reorganization that will place all such holdings with their auxiliary branches and services under unified control and direction to insure effi,cient,,coordinated administration.
"It includes in its recommendations additional publi,c acquisition of timber lands sufficient to round out tlie system
of National Forests and to remove from immediate exploitation for,ced by taxes and other carrying charges, surplus timber for which there is no present demand; selective cutting of timber and sustained yield forest management; research and carefully planned mergers of timber holdings, and various improvements in the marketing of forest products.
"The severe competition between competing lumber manufacturers is a cause of waste of forest resources. I have long advocated wisely planned mergers of forest properties, believing that it would reduce waste, advan,ce standardization, diversification and refinement of production, reduce costs and improve marketing.
"An especially interesting recommendation advocates sustained yield forest management. It is not only suggested that private forests be placed on a sustained yield basis, but it is recommended that where public and private timber are grouped together they should be handled as a production unit. There are large possibilities in this direction. The forest industries will, I believe, generally support the recommendation of the Board that timberland owners give close study to the possibilities of selective logging; that is, the cutting only of those trees and those tracts which by reason of specie, size, quality, and accessibility will sufficiently repay the cost.
"The recommendation regarding further acquisition of timberlands by public agencies is a remarkable commentary on the new situation in the forest industries. The studies of the Board plainly show that great timber holdings, which as recently as twelve years ago were regarded as the open door to certain wealth, have become an intolerable burden on private ownership and to the forest industries.
"The Timber Conservation Board is to be congratulated on its courage in recommending that greater latitude be given forest industries in making agreements relating to the,control of production than is supposed to be permissible under the anti-trust laws. As it is now. the forest industries are often in the anomalous position of being publicly criticized for destructive utilization of the forests, at the same moment that other public agencies criticize them for taking the necessary co-operative measures to put a stop to it.
"Those engaged professionally or commercially in the forest industries will find much to edify them in the Board's suggestions regarding lumber distribution and marketing methods.
"It is not possible to analyze all the recommendations of the Board, but it is evident that it has laid the sound foundation for the integrity, stabilization and permanence of forest industry, for forest conservation and for encouraging the permanent productive use of forest lands. The Timber Conservation Board's report to the President of the United States is the most enlightened ,conservation document in a quartbr of a century.
These doors, unique in their setting and design, are built of small flake White Oak, stained Cathedral Oak. In a home in Piedmont by \Williams 6c '$(/astell, architects.
Gordon B. Kaufmann, architect, specified 211a" Sttgar Pine stiles and rails for these splendid doors in the living room of a Bel Air home. The massive trim design, which is carried out in Port Orford Cedar, is harmonious and effective.
Washington, July 27.-Alabama was the leading state east of the Rockies in l93O in softwood lumber production and the leading state in Southern pine output, according to the National Lumber Manufacturers Association. Alabama contributed 15.4 per cent of the total Southern pine cut, compared with Mississippi, 14.8 per cent, and Louisiana, 12.2 per 'cent. These comparisons are based upon U. S. Census Bureau reports. Of its total lumber production of 1,341,624,0n feet in 1930, Alabama's Southern pine cut was 1,144,048,000 feet or 85.5 per cent; cypress, 7,448,000 feet; cedar 1,690,000 feet; hardwoods, 188,438,000 feet or 14 per cent, including oak, 70,272,W feet; red gum, 50,726,000 feet; and yellow poplar 33,053,000 feet.
In 1929, Alabama ranked second of all states east of the Rockies in softwood production and second in Southern pine production, being exceeded by Mississippi. Total cut in 1929 of 2,058,964,00O feet (reportecl by 1,816 mills) rvas 14.5 per cent more than the production of ten years earlier and fourth highest of any year of re,cord. Alabama cut nrore ltrmber in 1925 than in any other year, 2,235,738,000 feet as reported by 1.695 mills.
Of the 1,816 mills reporting in 1929, seven mills cut from 25,000,000 to 50,000,00O feet each during the year; 47 cut between 5,000,000 and 25,000,000 feet each; €1 cut fron I,00O,0OO to 5,000.00O each and 1,281 cut less than 1,000,000 feet each.
The value of the lumber cut in the state was $€,195,415 in 1929; the value of lath production was $114,829; of shingle production, $25,532. Value of other sawmill produ'cts of. $10,212,783 swelled the total to $58,548.559.
The Census Bureau reports that of the total sales of lumber by Alabama mills in 1929 (1,202,009,000 feet, valued at $30,485,000), 587,952,W feet or 49 per cent of the total. valued at $14,332,00O at the mill, were sales to wholesalers and jobbers; 131,820,000 feet or l1 per cent were through brokers and'commission houses; 166,186,000 feet, or 14 per cent, were sales direct to manufacturers; 105,68O,000 feet or 9 per'cent were for export and 101,319,000 feet or 8 per cent were to retailers. The rest, or 9 per cent, were interplant transfers, sales to railroads, etc., through wholesale branch houses and local sales.
The lumber and timber products industry (sawmills and logging operations) was second in Alabarrra in 1929 in nutrrber of wage-earners and second in wages paicl. Its wages of. $16,257,857 were 16 per cent of all wages paid in the state in manufacturing industries, and its number of wage-earners or 25,954, were 22 per cent of all employed in manufacturing. It was exceeded in number of wage-earners and in wages paid by the'cotton goods industry but if to the lumlter and timber products industry, the wages paid to those ernployed in the independent planing mills of the state rvere added, the total wages paid would be greater than that of the cotton goocls industry, and the number of wageearners 'rvould be larger. In its value of proclucts of $51,-
500,007, the lumber and timber products industry was third in the state, being exceeded by cotton goods and by iron and steel.
Alabama was the third state in l9D in production of turpentine and rosin, Its independent planing mills employed 1,982 men, paid them $1,469,989, and valued their products at $12,022,398. Wood preserving industries paid wages of $841,598 and gave value of produ,cts of. $4,219,676.
The amount of lumber consumed in the wood-using industries of Alabama was 408,283,000 feet in 1928, according to the Forest Service; including 372,681,W feet of softwoods of which 366,180,000 feet was Southern pine; 35,531,000 feet, domestic hardwoods, mostly gum, tupelo, oak and poplar, and 71,000 feet of mahogany. More of the softwood consumption or 259,261,000 feet, went into planing mills proclucts than to any other wood-using industry, followed by sash, door and blind consumption of 61,466,00O feet. The box and basket industries of the state took 16,828,000 feet of softwoods and 15,742,000 feet of hardwoods; the car construction industry, 27,5O5,W feet of softwoods and. 4,078,000 feet of hardwoods.
About one-third of Alabama's distribution of lumber is to the four states of Illinois, Ohio, Pennsylvania and New York ; another one-third is distributed within the state.
Guy E. Smith, general sales manager of the Chas. R. McCormick Lumber Co., returned re,cently to his Seattle headquarters from a two weeks' business trip to California, lvhere he visited the company's hon.re office in San Francisco and the Los Angeles office.
Mr. Smith made the trip by automobile. He often uses air transportation on his long trips to save time, and has done considerable flying both on this ,coast and in the East where he rvas formerly in charge of the company's Atlantic coast business.
Bert Br1'3n, general manager Strable Hardwood Co., Oakland, returned to his desk August 8 from a 10-day camping and fishing trip in the high Sierras. Mr. Bryan and his party made the last 30 miles of the trip on horseback. He reports having had good sport and a most enjoyable time, but advises anyone contemplating a trip of this nature to get a little riding practice in advance.
Al Nolan, Western sales manager of The Pacific Lumber Co., San Francisco, has returned from a business trip to Los Angeles, driving back through the San Joaquin Valley.
When wu but/d see that vour hohe ref/ects at tmctTveness wth room arranqement eompact artd convenient. These detat/s are essentn/ tfyou are to receue fu// va/ue frr the money you nvest.
The e/an"s"are a//so se/f exp/anatorv there n /ttt/e /ift to deicrrbe. A// that ttsneeessary for vou to do is st u dv th e denera"/ arran@m en t,"th en2h e de t a ils 5f each room, to determtne ,how you can a/pty them toyour own re/a.lremencs^
'Pla$ for this attractive home can bc furnirhed by the Lurnbermen's Service Association
Fay Building, L66 Angelcr
At the annual election of Lumbermen's Post No. ,103 of the American Legion, held at the Mayfair Hotel, Los Angeles, on Tuesday evening, August 2. Russell Gheen, C. D. Johrison Lumber Co., was elected Commander. The other officers elected included: J. O. Williams, W. E. Cooper Lumber Co., First Vice Commander; Robert W. Arnett, E. K. Wood Lumber Co., Second Vice Commander; E. H. Briggs, Union Lumber Co., Adjutant; Leon W. Sowntag, Patten-Blinn Lumber Co., Sergeant at Arms; Leslie Cunningham, Finance Officer; David H. Stutzman, E. J. Stanton & Son, Historian, and W. M. McNeil, Lounsberry & Harris, Chaplain.
The business session followed the dinner. During the evening moving pictures were shown illustrating the various operations in the manufacture of the Insulite insulation board and Johns Manville roofing products.
The Rentley Lumber Company, at Glendale, Calif., has been sold to Jas. F. O'Kane, of Pasadena, well known Southern California retail lumberman. George Bentley, the former owner, announ€es that he will ,continue to be associated with the company.
The Bohnhoft Lumber Co., Inc., was recently organized by C. W. Bohnhoff, C. C. Bohnhoff and S. N. Simmons. Their office and yard is located at 1430 So. Alameda Street, Los Angeles, where they will operate a wholesale and retail business handling hardwoods, white and sugar pine, spruce, white ,cedar, plywoods, etc. The members of the new firm have all been,connected with the hardwood lumber business in the Southern California territory for many years.
Ralph Fell, of San Bernardino, has been appointed manager of the Hayward Lumber & Investment Co. yard at Los Banos, Calif. He suoceeds Howard Hubbard who plans to make his future home in Long Beach.
R. T. Titus, formerly with the West Coast Lumbermen's Association, has joined the staff of the Red Cedar Shingle Bureau, of Seattle' He is now working in the New England territory.
Having completed a 5000 mile trip and nine weeks of "merchandising exploration," Tom V. Sawyer, of Minneapolis, Minn., who re'cently called on over 400 retail lumber dealers in the states of Minnesota, Michigan, Illinois, Indiana, Ohio, Pennsylvania, New York, Massachusetts, Vermont, New Hampshire, Rhode Island, Connecticut, New Jersey, Delaware, Maryland, Virginia, and the District of Columbia reports a very perceptible brightening of business and economicconditions.
Commenting on his trip, Mr. Sawyer states:
"Possibly, above all others, one thing dis'covered made a more profound impression than anything else. Men that I have known in years past-bankers-lawyers-do'ctorsmer'chants-lumber dealers, who, in departed days, never thought it necessary to appear at their stores or offices until l0 A.M. are now on the job, hitting the ball, at an hour when a few years ago they were sitting down to.breakfast or crying, "Fore," on the first tee. Amused, then puzzled, I asked one acquaintance, 'Are conditions so bad that you have to get up with the birds to watch them get worse?' Barely raising his head from the work he was doing, he made a statement that I shall never forget, 'Conditions were bad, Tom, but they are getting better and I am doing my share to keep things pointing upward.' Not bad logic !
"Evidences of better merchandising are found on every hand. Lumber retailers, who for years have been admittedly successful, are not content to sit by idly now and'let George do it.' They are doing it themselves ! Such executive leadership ,cannot help but have an invigorating influence upon employees and today many cases are found where the 'boss' leads a morning sales meeting of all employees, including telephone operators, book-keepers, truck driversanyone who can even remotely be considered as a factor in making sales.
"Another interesting highlight of the trip was the a,ctual refutation of the idea that, granting the accuracy of the statement conditions were showing improvement, that such improvement was spotty and confined only to certain lolocalities. Eastward bound, in May, such conditions were found to actually exist but Westward bound, in July, retracing in a few instances the Eastern itinerary, it was found that the same lumbermen who earlier had been prone to complain, were now ih mu'ch better mood and many actually said June operations had shown a profit . . . something that had not been experienced in two long years.
"Yes, and I say it without fear of contradiction, America has gone back to work !"
The following lumber firms have become members of the California Wholesale Lumber Association since the list of membership was published in the July 1 issue of this paper: Hill & Morton, Inc., Oakland.
W. J. Mulligan & Co., San Francisco.
Bloedel-Donovan Lumber Mills, Bellingham, Wash., and Los Angeles.
Of psy'chological interest in these times is the following letter from a father to his urban daughter:
My dear Daughter:
You ask me if your husband should stay on in his present position at an "adjusted" salary, but you forget to tell me what he should do if he didn't. You and he couldn't very well ,come here just now. Your brother Sheridan's salary has just been "re,considered," so he moved in to his old room at home, and brought his wife.
Your sister Eloise telegraphed the next day that Wilfred has just been offered a new contract that was an insult, so your mother is airing out her room. Wilfred never could endure insults. Your sister Frances, who you will remember has been a private secretary, rvrote last week that if anybody thinks she is going to drop to the level of a com-
Bill Chantland, Chas. R. McCormick Lumber Co., Los Angeles, is back on his territory following a week's vacation spent in the High Sierra. His family accompanied him on the trip.
mon typist, they are mistaken, so we expect her any day. What with those and the younger children, I imagine that as long as Rupert's salary is merely being "adjusted," he had better stay. An adjustment is nothing like a reduction. It's hard for me to keep up with the new language of big business, but as I understand it, an "adjustment" is the equivalent of a raise. Of course, Rupert wouldn't know that; he has been working only sin,ce 1928, he should ask some old timer to explain what a raise is.
My own business is coming along fine. It was sold on the ,courthouse steps last Friday, but there were no bidders, so the sheriff let me keep it. That makes the best month I've had since the upturn.
Your affectionate father,
William Nelson Ferrin, manager of the Western Lumber Co., Westfir, Ore., was killed when he fell from a walk twenty feet above the mill dam, August 2, Mr. Ferrin was the son-in-law of M. C. Woodard, of Portland, who is president of fhe company. He is survived by his widow and two small children. His father and mother live at St. Helens, Ore:
The monthly golf tournament of the Orange County Lumbermen's Club will be held at the Hacienda Country Club, Whittier, Calif., on Wednesday afternoon, August 17, L932. Lunch will be served at the Club, and following the tournament there will be a dinner. A1l lumbermen are invited to attend.
M,cCormick Supply Company, Northern California agents for the Fir-Tex Insulating Board Co., have moved their offices to the Sheldon Building, 461 Market Street, San Francisco.
Chas. R. McCormick, Jr., sales manager of the company, reports a gratifying in'crease in sales of Fir-Tex for insulating and acoustical purposes.
The company also handles Atlas Fibre Board products.
Andrew F. McNair, of McKinnon-McNair Lumber Co., St. Helena, was in San Francisco for the Shrine Convention, luly 26 to 28.
Lumber yard for sale, East Bay District. Excellent location. $7000 cash, full price, will close deal. Address Box C-449, California Lumber Merchant.
Wholesale selling connection wanted by salesman, ag'e 30, with ten years' selling experience all Western lumber products. Familiar with both Northern and Southern California retail trade, and will ac'cept position in either territory. Highest references. Address Box C-446, care California Lumber Merchant.
Lumberman with several years'experience in all branches of the retail lumber business desires position' Can furnish good references and will appreciate an interview. Address Box C-447, California Lumber Merchant.
The important part that national forests play in game conservation and propagation, and the opportunities they ofier to hunters and sportsmen, is well shown in the report just issued by the United States Forest Service which states that there are 1,176,000 big game animals in the 150 Federal forests of the United States and Alaska. Game census estimates made by forest rangers in 1931 give the following totals: Deer,969,350; black and brown bear, 50,600; gtizzly and Alaska brown bear, 3,750; elk, 96,910; mountain goats, 22,260; mountain sheep, 12,560; antelope, 72,730; moose' 7,840.
National forests of the follorving States lead in the number of big game animals of difierent species: Deer, California,284,36O; black and brown bear, California, 8,480; grizzly and Alaska brown bear, Alaska, 3'000; elk, Wyoming, 31,100; mountain goats, Alaska, 11,00O; mottntain sheep, Colorado, 3,500; antelope, Atizona, 5,450; moose' Minnesota, 2,830.
The Shenandoah National Forest in Virginia has been renamed the George Washington National Forest by executive order of President Hoover. Located in a region frequently traversed and in part surveyed by George Washington, this forest will be a fitting memorial to the Father of his ,country. Other national forests named for presidents are the Lincoln in Ne'iv Mexico, the Roosevelt in Colorado, and the Cleveland in California.
Young lady with several years' experience in the lumber business, wants position with Los Angeles lumber firm. Familiar with all office details. Address Box C-444, care California Lumber Merchant.
Lumberman and shingle expert with years of experience, familiar with all details of the mill, wholesale and retail business, qualified to fill any position in sales department or in office, wants position. Will go anywhere. Address Box C-445, The California Lumber Merchant.
Experienced lumberman would like position managing country yard in Southern California. Familiar with all details of the retail business. Can furnish references. Would appreciate an interview. Address Box C-448, care California Lumber Merchant.
E. G. Reel has opened a hardwood yard at 1306 West 58th Street, Los Angeles, where he will carry on a wholesale and retail business in hardwood lumber, sugar pine, spruce, white cedar and plywoods. Mr. Reel has been connected with the hardwood lumber business in Los Angeles for a long period. His slogan is "'Reel' Lumber Service."
Howard N. Mosher, of Lewers & Cooke, lumber and building rnaterial merchants of Honolulu, lvas a delegate to the Shrine Convention at San Francisco, representing Aloha Temple, Honolulu.
While on the mainland Mr. Mosher visited the ofihces of various lumber concerns in Seattle and San Francisco, and included in his itinerary a trip up the Redwood Highway.
The office of the California Lumber Merchant is in receipt of a communication from the United Research Company, with general ofifices at 125 West Madison Street, Chicago, I11., advising that they are anxious to locate Ulysses L. Appleford who in 1915 resided in Seattle, Wash., where he rvas engaged in the business of a timber broker. They have requested that we insert a news item in our publication feeling certain that some of our readers may be able to give them some assistance.
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