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Lumber Conrumption of Twenty Billion Feet Estimated for 1938

The Department of Commerce has received a report from the Lumber Survey Committee on consumption, stocks, and anticipated consumption of lumber during the fourth quarter of 1938. This is the 30th quarterly report of the Committee.

The Committee finds that the trend of lumber movement has been upward in the past four months, as compared with the first half of the year; the trend in mill stocks, slightly downward. The increase in residential building and in box consumption over 1937 has been a third-quarter factor in the general upturn, offsetting the continued low records of railroad equipment purchasing and export trade.

The Committee reports national lumber stocks October 1, 1938 of approximately 8.6 billion feet, an aggregate industry decline of 1.3 per cent in the third quarter, and of 4.5 per ce.nt in the first nine months. It notes that in some regions the assortment of items and grades is not in satisfactory balance, some mills having a surplus of stale inventory items and a deficiency of items in brisk current demand. It recommends that stocks and stock assortments be watched carefully during the next six months.

National lumber consumption in the first nine months of 1938 is estimated at approximately 15 billion feet, and the year's total at 20 billion feet, compared with 24 billion in1937. The Committee points to the impressive gain over 1937 since July in residential building and quotes the F. W. Dodge Corporation in recording October as the highest month but one in residential contracts since 1929. Total construction valuation in October also made a high record -largest monthly total in 7 years.

The Committee points out that there has been little speculative buying on the part either of retailers or of industrial users and no accumulation of out-of-the-ordinary dealer or consumer inventories. Due to generally higher costs, the lumber price index is expected to show moderate advance.

The Lumber Survey Committee consists of Thomas S. Holden, vice president, F. W. Dodge Corporation, Nerv York; M. W. Stark, economist, Columbus, Ohio; Calvin Fentress, chairman of the board, Baker Fentress & Co., Chicago, Illinois; Phillips A. Hayward, chief, Forest Products Division, Department of Commerce; and Wilson Compton, secretary and manager, National Lurnber Manufacturers Association.

A. G. Breitweiser, Sr.

Albert G. Breitweiser, Sr., 71, vi.ce-president and manager of the Lassen Lumber & Box Company, Susanville, died at Susanville November 6, after a long illness.

He was born in Pittsburg, Pa., and was at one time mayor of Susanville. He was prominent in the Masonic order, and was a member of the Shrine for more than 5O years.

He is survived b1'three daughters, Mrs. R. C. O'Connor, Mrs. Paul T. Wemple and Mrs. Dorothy Griffin; one son, A. G. Breitweiser, Jr., Susanville, and seven grandchildren.