hardwood producfs

T HE burst of I economrc statistics emanating from Washington following the 3rd quarter surge in Gross National Product underscores the fact that the United States has finally entered the early stages of its worst postwar

We anticipate stronger demand and improved market conditions in 1976. But there are several additional factors: housing starts, the energy crisis, environmental improvement, inflation, and worldwide economic tension which could alter demand for imported hardwood products again next year.

First of all, Housing Starts have been declining steadily over the past two years and the trend will continue through 1975. Annual private housing