Top Quality Buildings At Approxinately Half the Cost of Conventional Buildings

Fast, efficient construction crews erect these strong buildings in an amazingly short time.

Original construction methods and machines, including our hydraulic scaffold truck, insure you of top quality for lowest cost.

o all poles are cemented to a depth of 6' o never needs painting-won't rub off on clothes o insurance rates considerably less yet full coverage

. all buildings engineered and designed by licensed civil engineers o Call San Antonio todav ! flexible design . tto foundation necessary . no odor

Yes, San Antonio Construction can build better buildings for less money for you. These attractive buildings will improve your property and. are built to last. Using pressure-teated poles which will last 30 yeais -or longer, the,t

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are safe against wind, earthquake, and weather hazards because ol their rigid construction. Their improved design meets all building code requirements and there are no long hraces to interfere with equipment.

increasing number of people flinvolved with forest products are checking futures prices with greater regularity, but often without a clear understanding of what all those numbers mean.

It is the goal of this series of two articles to acquaint you with the idea and concepts ofhedging and to increase your understanding of the futures markets, as they pertain to the forest products industries. The futures market is often critized and rarely praised.

However, the years I have spent in specializing in the forest products area continue to point to one simple fact. Those that have the foresight to accept futures as an increasingly major aspect in their pricing characteristics, and who will work with the opportunities the futures market offers, are those who stand a better chance of successfully surviving increasingly volatile prices.

While many readers may be involved with all three of the traded forest products, plywood, lumber and studs, for purposes of simplification these discussions will concentrate on the lumber market.

Today there are truly two types of lumber markets:

(l)

The Cash Market with its numerous grades,species, lengths, manufacturers, freight and shipping considerations, etc. Commercial transactions of this nature are the ones tailored to the needs of the buyer and seller and are contractual obligation s satisfied onlv by performance.

(2) The Futures Market where you buy and/or sell on an exchange, under the terms of a standardized contract, a specific amount