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Most s&l officials are insisting recent declines in deposits do not mean mortgage $$ will be in short supply andfar too costly for home buyers in '78 . . in '69 &'73 depositors mov€d to othar, higher iietaing investments, drying up the supply of capital essential to sustain a strong housing pace . .

Housing sXart forecasts continue to see a lessening from 1r*t yeff., but still a very respectable pace by historical standards. .. maily fecl o moderate decline beneficial as materials shortages continue, prices move up HUD plans a fight for more fed. subsidizedhousing...

Latest housing starts (Nov.) were 2,105,O0O, 5A% below the previous mo's. revised 2,224,OOO units; bldg. permits for single family homes {which uss far more lumber than multis) reached record levels Nov. was the 5th mo in a row that starts toppod the stratospheric 2-millionlevel ...

The Redwood National Park land grab situation, dormant for weeks, is expected to heat up fast as Congress tunes up after the holidays, industry's outlook remains dim. . . the llickes and Handyman chains are kicking off big redwood Design-A-Deck promosshortly...

IlJickes has purchased the 47 Builders Emporium retail stores in Ca. for an undisclosed amount from Vornado, which will continue to operate the 12 BE stores in the East; Wickes will run the 47 outlets as a separate entity, under vice chairman J. V. Drum . Wickes earlier bought the assets of Jack Sullivants Midway Lumber, Oracle Raed Lumber and liffy Door Co., all loeated in Tucson, Az.; no price revealed .

Oregon Gov. Straub and several Congressmen have urged the US Forest Service to allaw 5 timber companies, convicted in '75 of bid rtSgins, to bid on federal timber to support their North Santiam Valley mills proceedings are dragging in that fed. suit against 26 companies for aluminum wiring in 1.5 million homes that they charge is faulty; the feds want home owners warned, the wiring replaced . .

Cardw ell Forest Products, F ullerton, Ca., now has a physical inventory at the L. A. Harbor & other points in the greater L.A-*Orange County area Dickinson Lumber, La Habra, Ca., is bldg. a new yard in El Toro, Ca. .. . Daylin, Inc. is buying the outstanding minority interest in its 83Vo-owned Handy Dan Home Improvement Centers for $9.3 million cash

Pan Lumber, the 9-store, Portland-based retailer, is finishing its new $4ffi,000 S-acre yard inVancouver, Wa.,; the firm is not related to the Parr Lumber Co. of Orange, Ca., an office wholesaler . . Richard Kimes is the new owner of Taylor Hardware & Lumber, Winters, Ca.

Baise Caseude has gotten a planning commission ok for a 7-acre retail yard in San Rafael, Ca. Buena Lumber Products, Inc., is a new Scottsdale, Az., firm producing decorative wood products, ., Sierra Lumber Ca., is a new Elk Grove, Ca., retailer.

SeaI Eeach Lumber Yard,Seal Beach, Ca., is trying to get a city ok to build a smaller, enclosed yard and develop the balance of the property for other purposes, including a medical bldg. and a series of restaurants . . . Palmer G. Lewis Co. is finishing a new $850,000 store/warehouse 0n the Kenai Peninsula, Alaska for its Soldotna branch of Superior Building Supply; work has also begun on PGL's $1.4 million Pacific Yard Service facility at Tigard (Psrtland) Or.

Tree Products Co., Lake Oswego, Or., has purchased Hardwoods Co., Inc., a Eugene, Or., hardwood kiln co. for an undisclosed figure; it is being renovated, TP's Les Oliver is production mgr. . . . Angelus Consolidaled Industries has a modern, new wood turning plant operating in Los Angeles .

Champion Building Products is phasing out its Eugene, Or., plywood order operations, now to be handled out of Champion International Hq., Stamford, Cn.; Champion is also putting $ 149 million into expanding its Missoula, Mt., pulp & paper mill

Sears and Red Devil Inc. are recalllng about 6,540 ekctric paint removers, citing shock hazards; Red Devil model No. is 34Al . . Flintkore is studying plans to expand two of its No. Ca. cement plants . . Payless Cashways is building stores in Aurora and Westminster, Co. (Denver), Northeast Sacramento, Ca., and Salem, Or. . .

Merger of the National Home lmprovement Council and the National Remodelers Assn. is slated for May, members of both groups must ok it at their conventions in Feb. & Mar.; new name: National Home Impravement Assn. . enforcement on the display of warranty information is expected to get tougher this year, retailers please note

Residential rerooftng in '78 will reach a record $3.3 billion, the Asphalt Roofing Mfgrs. Assn. predicts, an est. $2.9 billion was spent last year . Building Material Distributors, Inc., Galt, Ca., won the Van Kirk award as Outstanding Wholesale Firm of the Year at the reeent Houston, Tx., convention of the National Building Material Distributbrs Assn. .

Growing Strong

South Bay Redwood has been "Growing Strong" in Southern California for some 30 years and our Orange plant is one of the f inest remanufacturing facilities in the lumber industry. We are equally proud of our newly-acquired Northern California Division, Sonoma Wood Products, in Healdsburg. In addition to the increased capacity from another f ine remanufacturing mill, Sonoma adds the extra dimension of an excellent fingerjoint plant.

Our two plants can draw from an inventory of about 30 million board feet of quality redwood and cedar.

At South Bay we're not too big to care. We care about you, the customer, and your needs. We make every effort to ship what you want, when you want it and we'll stand behind our quality and service.

WE WELCOME YOUR INQUIRY-WE WANT YOU R BUSIN ESS !

Softwood Specialists Since 1888

OLD GROVTH CTEAN ALL HEART REDWOOD

Flat & vertical grain thru B x B

Lengths to 24', widths to 16"

OtD GNOVTH OREGON DOUG FIN K/D CTEANS

Flat & vertical grain thru B x 8

Lengths to 24' or longer

WESTENN NED CEDAN KILN DRIED CTEANS l" & 2" flat & vertical

ALASKA 1TLLOWCEDAR

Kiln Dried clears thru l614

Stadium grade

SITKA SPNUCE CLEARS, VENTICAT GNAIN

HEMLOCKDECKING

A Full Line ol Sugu and Ponderoes PiDe