Letftetrs

Poses Probteia

David Cutler

The Merchant Magazine

573 S. Lake Avenue Pasadena, Calif. 91101

Dear Dave:

Possibly the enclosed letter from Mrs. Herbert Nollar will be of interest to your readers. We have answered her other questions, but perhaps someone in the industry would explain to her "why a stucco house is considered so much better than a frame house from a loan standpoint."

Sincerely,

Jim Cooper Wood Information Bureau

1111 Wilshire Blvd., Los Angeles, Calif. 90005

Tetter In Question

Gentlemen:

We embarked on a remodeling project, enlarging and modernizing our old frame house. Unfortunately, we started this just as money became tight. The total cost of the remodeling is about $12,000, and it was necessary for us to obtain a loan for $8,000. We were great- ly surprised to learn that a real obstacle in obtaining a loan of this size on an older house is encountered when the house is frame rather than stucco. We did get a loan but at an exorbitant interest ratn.

After the loan was made, we received telephone calls from representatives of several mortgage companies. Each said he was calling because he was certain we could get better financing with his company. As soon as we said it was a frame house, they retracted and said they guessed they couldn't help us after all. One gentleman even expressed sympathy and said good-bye with a heartfelt "Well, God bless you, dear!"

When we were planning the addition, the contractot's plasterer tried to sell us on stuccoing the entire outside. We rejected this not only because of the cost but because we felt the style of our house would look better with wood siding. However, if we had agreed apparently we could have saved enough in interest to pay for the stucco.

We just don't understand why a stucco house is considered so much better than a frame house from a loan standnoint. If fire hazard is a con- sideration, that shouldn't be a concern to the mortgage company as the mortgagor is required to carry sufficient insurance to cover a loss.

Sincerely, Mrs. Ilerbert II. Nollar 1836 Las Lunas St., Pasadena, Calif. 9110?

GOOD RESPONSE

The Merchant Magazine 573 So. Lake Ave. Pasadena, Calif. 91101

Dear Dave:

My "Position Wanted,, ad in Nov. issue has been oerg effec-

T}IE KEY CORPORATION

tive. It has drawn much sponse.

Thanks, George W. Matteg 1260 No. A:rowood Dr. Brea, Calif. 92621

Remember, folks, keep tho6e cards and letters coming to Tbe Mercbant Magazine at our new address: 573 So. Lake Ave., Pasadena, Calif. 91101.

YVHOLESALE LUI'IER l9l No. Lihrc. Box IB9. Ri,aln, Calil. Telephane Area Code 714 . 875-2060

Firm Honors Plywood Industry

To honor members of the plyv'ood industry, who supply plywood and allied products to the Palmer G. Lewis Company's eight Pacific Northwest and Alaska distribution outlets, a special appreciation banquet was held in Seattle recently.

Present but not pictured were: Tom Saathofi, Vancouver Plywood Co. ; Dick Anderson, American Plywood Association; Roger Sands, Puget Sound Plywood; and Pete Clute, Hcrb Beireis, Camille Saul, Clifi Schattenkerk, Cutler Lewis, Hal Panks. Don Tripp and Chuck Lauber of Palmcr G. Lewis Company.

PLYW00D IYPES are George Harris, Puget Sound Plywood; Wayne Earley, Scandia Plywood; Dean Short, Boise Cascade torp.; Dick-Reiten, Hilarin Lumber: Bob P,eterson, PGL; Brian Dutton, Timberland Forest Products; Glenn Axling, pGL; Marge Stiefbold,...Goodrich Forest Products; Gordon King,'Boise Cascadl; Bob lghen & Tom Kinsman, Plywood Marketing Associationl Dick Davis and Bill Shield, .Williamette Industries; .Tom Martin, -Anacortes Veneer; John Shopmeyer, Plywood Marketing; Tim Goodrich, Goodrich Fo.est Products; Georqe S',riinO6tts. Willame_tte,-lnd.; Jim Parmley, PGL. Front Row: Bob Rose, Jerry Billint'gton, palmei Lewis, Bill Anderson and Maynard Hoffman, all of PGL Co.