,,A PENNY SAVED IS A PENNY EARNED"

Beniomin Fronklin, whose b:dhdtly we celebrqte this month' is generolly ocknowledged os the Folfrer of Thrift, ond his soyings hove been ?he mot{o of mony o successful mqn.

"REllEtlBER, TmE lS tloNEY," is onother of his fsmous soyings.

Although B. f. dtd not sdy,,TR,Y WESTERN CUSTO}I IIILL," MCY we suggest itl

For Accurote milling

For Fost 9ervice

For Real Thrifi Coll crnd get our prices.

ANgelus 2-9147

Discusses Mahogany Situation

Geo. N. Lamb, Secretary-Manager of the Mahogany Association, Chicago, Ill. has this to say about the mahogany situation: fim Bcrry

"The business of trying to tell what is going to happen in the Mahogany industry in 1953 rvould be a cinch if we had a good idea of what's going to happen to business generally and to the furniture and television industries in particular. Some folks say that business is going to be good the first half of this year but that there will be or may be a mild recession toward the end of the year.

"It is noticeable that there have been some postponements in the date of this expected slowdown in business and it could be that it may be delayed still further and possibly not put in appearance at all this year.

"The past year has been only fair for the Mahogany industrl', based on postwar standards. The importation of I\{ahogany probably rvill be about 20/o below the banner year of 1951. Lumber inventories by the end of the year s'ill be almost the same as they were at the end of 1951. Veneer industries probably rvill be l0/o less than they rvere at the end of 1951.

"The Mahogany business started to pick up in September. In October it reached a high for the year."

Larry Backes, Unit Lumber Sales Co., Beverly Hills, Calif., and his daughter, have returned from a month's trip to Honolulu. They made the trip both rvays by plane. Larry rvas impressed rvith the large volume of home building in the Islands.