(@ SHORT SUPPLY SOLUTION

Our 9,000,000' Inventory of Hardwoods and Softwoods Speaks for ltself - lt may not get you an order or prevent you from losing one, but there's a better than even chance Penberthy can provide the lumber you need to keep going. Even though there is a world-wide shortage, we have both domestic and imported woods in 75 different species, many grades and dimensions for all types of applications. Extra services include round-the-clock kiln operation backed by years of experience in drying the more difficult species.A complete planing millwhich stands ready to produce any detail you may desire at competitive prices. And, automated handling and shipping facilities for fast deliveries by our truck fleet, or pick up by your trucks, common carrier or rail. Call now for details: (213) 583-4511.

5800 South Boyle Avenue, Los Angeles, California 90058

Increase Your Profits With Exottcs

lf you've been missing the opportunity to give your customers something unique and make a full 50% margin, ask about our special hardwoods like Angico, Indian Laurel, Mansonia and Pau Ferro.

More Predictions

Sanford R. Goodkin. the respected housing researcher, sees monthly housing starts dropping to the 800,000 level, then soaring to almost the 2 million level in the next 12-15 mos. economist Charles Young feels the bottom point in starts will likely occur in Feb.. .

George Fulton, Walker & Lee, a major realty firm, predicts housing's "money problems will be solved" the National Housing Center Council, Washington, D.C., finds forecasts on housing starts for 1975 falling between 1.2-1.8 million Robert B. Pamplin, pres. and chairman of Georgia-Pacific, warns that if the fed and Congress doesn't act soon, " we'll all be in the soup, not iust housing"....

One highly regarded industry consultant says il will be obout i,980 before starts return to the 2 million level because about 807o of the 25-34 year olds make $ 15,000 per year or less and can't afford the average $35,000 tract house....

Traditionally gloomy economist Eliot Janeway is quoted as saying the nation r.r or the brink of economic disaster, with more unemployment this Spring . Albert H. Cox, Jr., exec. v.p., Lionel D. Edie & Co., notes that the low level of confidence in business "could drive the recession deeper".

United California Bank and Security Pacific Bank forecast the national economic slump to last until mid-1975, making it the longest and sharpest recession since the 1930s . .. . UCB also says an economic catastrophe is " not in the cards" and that the rapid increase in the price of homes will retard the housing recovery....

Bank of America sees '75 as "another flat, difficult year" and cautions that the threat of wage and price bontrols " should not be minimized" .. Merrill Lynch, Pierce, Fenner & Smith opines that "Demand for forest products is at or near its low . . with a minor potential on the downside".

Pallet manufacturers will become the second biggest user af Iumber by the early 1980r, according to the N'tl. Wooden Pallet & Container Assn. timber and timberland values will continue to grow despite business cycles, according to Harry Kane, exsc. v.p., GeorgiaPacific. . .

For the 4th consecutive mo., hoasing starts declined, to 1,124,000, the lowest level since Jan., 1970 bldg. permits also crashed, down to 42Vo below the year-ago figure and their lawest level since Dec. 1966.... more encouraging is the decline of the prime rate, now down b lAVo from its recent historic high of lT%o. . .

Fibreboard stockholders have ok'd the San Francisco's firm's plan to buy Yuba River and Brunswick Timber companieso but dissident stockholders hsve fled suit to block the proposals

. Boise Cascade has purchased Laymon's Lumber Co., Goldendale, Wa., for an undisclosed amount....

Evans Products has borrowed an additional $15 million for working capital, the troubled Portland firm recently announced that their 3rd quarter loss was $12.7 million, far greater than anticipated; further sale of plants and equipment are expected Weyerhaeu.rer has opened a new warehouse in Fresno, Ca.....

Simpson Timber has permanently closed its Shelton, Wa., insulating board plant because of "economic and environmental reasonso'; their corp. HQ has moved to new offices at 900 4th Ave., Seattle Champion International's U..1. Plywood div. is building a new distribution facility in Beaverton, Or.. .

Dant & Russell has moved into new corp. HQ at l22l S.W. Yamhill, Portland .... Fremont Forest Products, Whittier, Ca., has closed its Phoenix, Az., office Potlatch has moved its Southern California offices from Long Beach to Carson ... Sean Lumber Co. has moved from Santa Ana, Ca., to Westminster.

Sherwin Willioms has roundfiled their paint-bucket-dumPing-paint-on-the-globe trade mark for a new logo using the two names Jim Hamington, late of Ward and Harrington Lumber Co., is planning to reenter the wholesale lumber business, probably from California's Orange County....

Louisiana-Pacifc's top man, Harry Merlo, recently wrote President Ford and the rnembers of Congress urging " a return to a non-partisan, common sense balanced budget to attack inflation;" the company is urging others to let the president and Congress "know how you feel"....

Tacoma Box Co. Tacoma, Wa., is celebrating its 85th birthday this y€ar Ransom Brothers, Ramona, Ca., has just completed 50 successful years in business Solana Lumber Co., Solana Beach, Ca., recentlY razed its original bldg. (circa 1923) to gain more display space....

Palmer Lumber Co., Chehalis, Wa., recently staged an open house for its Sl10,000 new retail facility .. .. Mauk Lumber Products, Seattle, recently settled into new quarters

SEASON'S GREETINGS

ftom

Bill Johnson

John Polach

Larry Hansen

Walt Hiort

Pete Middlekauff

Bill Robinson

Al Bell, Jr.

Ruby Spoor

Willine Brashears

Sonia Mastriana

Christine Miller

Glaudia Tynes and all the folks at Hobbs Wqll Lumber Co., lnc.