National Will Show M Wood Derrick at Tul Iod SA el

R. Y. Hanlon, field engineer of the National Lumber Manufacturers Association, left San Francisco September 2O f.or Tulsa, Oklahoma, where he will erect a model of the standard 122 ft. oil derrick based on engineering principles developed in recent research conducted at the University of California. This model will be exhibited at the International Petroleum Exposition to be held at Tulsa, October 5 to 12. Mr. Hanlon will be in charge of the exhibit.

California Building & Loan Resources Show Gain

Scoring an increase of $105,581 ,677, or 31.26 per cent, during the preceding year, resources of the 241 building and loan associations reached a new high total of $443,288,334, as of June 30, last, according to figures iecently released by the California Building-Loan League. Combined assets increased $57,185,297, or 14.81 per cent, during the first-half of this year and ff20,24I,I48, or 5 per cent, during the second quarter. Resources amounted to fi337,706,657, a year ago; $386,103,037, six months ago; $422,347,1ffi, three months ago; revealing the uniformity of growth during each quarter. Substantial growth was made by every large city during the past year without exception. The gain in resources during the past year is equal to the total figure for the State, as of June 30, 1924. During the five year period, aggregate assets of California associations have increased 308 per cent, states the California Building-Loan League.

The thirty-five Los Angeles associations with resources amounting to $1 14.751,233, continue to lead the assets of the State with 25.9 per cent of the total. San Francisco, with twenty-five associations, holds second place with assets of $55,480,778, or I2.5 per cent of the State total. Pomona with only two associations is fifth in the list, while Pasadena, Santa Barbara and Stockton are practically on a par with resources of about $12,000,000, each.