LOUISIANA OUTLOOK

JAMES L. DUKE execullve vlce precldent

TEADY is the best description in most cases of the business outlook. Most dealers express optimism and hope. With the national election coming up, we expect to see interest rates come down slightly and stabilize until the Presidential election and inauguration. Perhaps nine to ten months of good business?

Do-it-yourself and repair and remodel markets are expected to account for 6ls/o of the total market. Firms who have refused to diversifypreviously may be forced to take another look. This year's housing starts will probably reach 1.8 million. The day has arrived when older home owrers refuse to tackle new home purchases. The name of the game will be fix up, add on and remodel.

Market prices have stabilized somewhat, particularly wood products. We believe manufacturers leamed a lesson