THIS ISNOORDINARY WOODFINISH

A new chemical formulation has oermitted the development of a transparent wood finish by Penofin which will preserve and enhance the natural grain and beauty of wood while protecting and sealing it from the destructive forces of our environment.

The linseed oil based formulas that are still prevalent in the industry today date back to 17th Century Europe. These archaic mixtures were long overdue for a change in our technological world of science and chemistrv.

UV Proleclion

A remarkable combination of Brazilian Rosewood Oil, transoxide pigments (strategic metals ground to microscopic size), a leadless dual catalytic system and a mildewcide build an effective transDarent finish that filters more than 90 percent of the sun's ultraviolet rays.

Penolin's Outstanding Features

Penof in seals the wood and creates a microporous finish that allows moisture to enter and exit only as a vapor. This prevents rapid expansion and contraction of the wood, which is one of the major reasons for warping, twisting and cracking.

Penofin dries quickly dust f ree and can be applied to fresh, green wood. Penofin seals the nails and prevents them from bleeding.

Penofin does not contain pentachlorophenol or any carcinogens.

Penof in has available special exterior transparent finishes for redwood, cedar and other sofl woods. Penofin also offers an interior line for hardwoods and a durable Marine oroduct for the boating industry.

Whatever your wood f inishing needs are...Penofin will keep your wood fresh and bright.

Be Good to Your Wood

Dill

(Continued from page 13) depress starts to around a 1.70 million annual rate in the first quarter, but starts should increase in the second quarter and level off in the second half. Single family starts should increase to 1.3 million while multi-family starts should decline to .63 million next year. Mobile home shipments are exPected to increase to .36 in 1984. Additions and alterations to residential properties should grow about 990 in real terms in 1984.

The median sales price of a new one unit home should increase from an average of about $75,000 in 1983 to about $80,000 in 1984, an increase of around 790. Wholesale prices of lumber and wood Products are expected to increase about another 890 on average next Year, somewhat higher than the general inflation rate. Nonresidential construction should gradually pickup strength through 1984, increasing about 590 with commercial construction pacing the growth. The price of nonresidential structures should inflate about 590 in 1984.

Residential construction activity rebounded in most parts of the Southeast in 1983 but increases in long term interest rates caused a leveling off in housing activity late in the year. The recovery in manufacturing production and employment should bolster the demand for housing in many of the manuf acturing areas of the Southeast. Howwer, housing activity in the region will be leveling off at a higlr rate in 1984 just as is occurring in the nation as a whole. Nonresidential construction contracts were much stronger in the Southeast in 1983 than the U.S. as a whole, with the exception of South Carolina. This robust level of contracts will insure substantial nonresidential construction activity throughout the region in 19E4.

While the economic expansion should continue into 19E5, major uncertainties still exist. The major

Hardwood Annual Optimistic

More than 1,353 optimistic hardwood people attended the 86th annual National Hardwood Lumber Association convention in Boston, Ma., Sept. 26-28.

Opened by president John Veach, the assembly heard speakers including George Putnam, The Putnam Management Co., Inc.; Alex one is the potential impact of the large federal deficit. The federal deficit amounting to 590 of GNP is unprecedented during an economic expansion and could produce unprecedented results, mainly a sharp increase in interest rates early in an economic expansion. Also, the debt problems of some developing countries remain unresolved and could result in significant disruptions in credit flows, international trade, and interest rates.

On the positive side, productivity growth contines robu$ and inflation has generally been less than anticipated. Continued slow inflation would greatly enhance the prospects for economic expansion in l9E4 and 1985. These uncertainties aside, 1984 should be another prosperous year for the nation's oconomy.

Bernhardt, Bernhardt Industries, Lenoir, N.C.; William C. Baldwin, National Wood Pallet & Container Association, and Donald Meyer, Baillie Lumber Co.

Robert Henderson, Miller & Co., Inc., Jackson, Tn., Roger Patterson, Miller-Patterson Lumber & Timber, Inc., Des Arc, Ar., were irmong the six new directors elected.