NORTHWtrST NEWS

By R0SS KINCAID executive vice president

fHE Price Commission has advised ^ NLBMDA that it would not make a "group basis" decision on the request for exception . . . "since the application of the regulations will have a varying impact on each individual firm," The request was for relief from pricing lumber and plywood on an invoice basis and to use the historic market replacement method.

Retail lumber dealers still covered by price controls must continue to use invoice or actual acquisition cost to which their customary initial markup is to be appl,ied.

The only relief is to individually apply to the local IRS office for exception on forms S-16, PC-10, PC-50 and PC-51 obtainable from the local IRS office. Since both the Western and the National have now been turned down with similar requests, there is no other course open for relief.

The Northwestern Lumbermen's Association reports replies from IRS on two points that are of considerable interest:

(1) How does a retailer find out what the base price of a commodity