How Lumber Looks

No definite change in the lumber situation in California. ***

Neither is the national situation changed materially. It is a fact that the mills of the country continue to sell and ship more lumber than they are manufacruring. This applies to both the softwood and hatdwood indusries, andr, in both cases, is due entirely to t{re extremely low production, and not to eny definite increase in the buginess.

The National Building Press Group have issued an estimate that the building program of the country for the twelve months starting October first, 1931, will be close to five billions of dollars.

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The F. W. Dodge Corporation estimate that for six months beginning October first, the country will spend t1r850r00OrO0O for buildings of $5,000 and over.

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Of this amount residential building will take t56O,000,000, non-residential building gets l68o,d)0,fi)0, while public works and utilities will take $610,000,000. **

F. W. Dodge says that the eleven western states will spend t480,000,000 for buildings costing above f5,0fi) in the next six months.

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There is practicaly no change in the lumber situation in either Northern or Southern California. San Pedro harbor received 20 cargoes of Fir in the past two weeks, carrying 1518051000 feetr and one cargo of Redwood.

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Los Angeles building permits are holding about the same level as last month, when they bately passed three million dolLars for the month. * * * r8**

The unsold lumber on the public docks at San Pedro keeps reducing. It is now below seven million feet, which is very low.

Lumber production in the Pacific Northwest has been unusually low in September due to the Labor Day vacation thet caused loss of time to hundreds of mills.

Lumber production in the South continues about the same as for the past several months, and Southern Pine shows both sales and shipments to be above production with each week that Pagses' :r * * rn the lumber industry ;".;" rln"""a long since. Lumber has had her liquidation, and is ready for the up.turn.

Vhile the market on Southern Flardwood shows no general increase in prices, there are a number of items used friely in California that have been placed on the scarce list, and'are harder to buy than they have been for some time. Some items of Gum and Red Oak are scarce on all stock sheets.

Alvan T. Simonds, *hJ r"o -.a" very active prognostica. tions of the market in the past.two years, says in his latest bulletin that a dollar today has the sarne national purchasing power as 11.40 of two yearc ago at this time..- He thinks wages will have to come down before prosperity can come back. Most business people, he says, must cut wages or quit, whether they want to or not.

WESTERN PACIF'IC WILL USE PORT ORFORD CEDAR

The Western Pacific Railorad has ordered about a million feet of Port Orford cedar lumber and timbers-to be used in lining a tunnel in California.

' REDwoOD BARK EXHIBIT AT FAIR

The Pacific Lumber Company had an exhibit of Redrvood bark fiber at the Tulare County Fair, Tulare, September 22 to 26.

t-J L. A. CHAMBER

HEARs ABoUT LUMBER

September 14th was lumber day before the industrial division of the Chamber of Commerce of the citv of Los Angeles. There rvere about one hundred business-men present. Henry W. Swafford acted as Chairman of the meeting and made a short address on lumber, then called on Ken Smith and Jack Dionne, the first talking on lumber from a Los Angeles viewpoint, and the latter from a statewide.conception.

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