SEASON'S GREETINGS from

FHA OKs New Lumber Sizes

A major step toward the acceptance of lumber on the new, uniform grades and size] has been taken by the Federal Housing Administration. FHA Commissioner Eugene A. Gulledge has directed all FHA field offices to accept lumber produced to the new standards.

Gulledge said, "once the transition is fully made and efiective, customers and builders alike will benefit from the most technically sound and modern body of lumber standards ever available to the American public."

Larry Hansen

Walt Hjorf

Al Bell, Jr.

Ruby Spoor

Willine

Johnson Polach Brashears

Sonia aaa ranntnl

Jean Goefz

Bill John and all the folks at Hobbs Wall Lumber Co., Inc.

The announcement had been expected by the lumber industry, in the final stages of a l0-year efiort to stand. ardize the nation's lumber grading procedures and introduce uniformity for the benefit of the construction industry and the lumber consumer.

Wendell B. Barnes, exec. vp., Western Wood Products Association, hailed the announcement as "a significant move which will permit the public to receive the benefits of a product in which dry and green sizes are related and which will be uniform, regardless of the region in which it is produced."

The Cost of Cutting Prices

Ifhen tempted to lower a selling price of an item, for whatever reason, beware, says a recent bulletin of the Montana association:

A Price Cut of Requires a necessary increase in sales of ro%

Action in Lumber Fulures

The Chicago Mercantile Exchange's lumber futures contract observed a robust first birthday recently, and industry leaders forecast that it is likely to become a "major" contract.

Everette B. Harris, president of the exchange, reported that 43,925 contracts were traded in the initial 12 months, ranking it third behind Idaho potato contracts and live cattle contracts in their first years.