LOS.CAI TUMBER COTNPANY

Complete lnventorv Pond. Pine Glears Cedcr whlre Fir Specicl Detoils

social obligations by having a dinner party. Several of the guests you entertained were business friends. Are you permitted to deduct the cost of entertaining your business friends ?

Since wining and dining your business friends was incidental to having the dinner party, no deduction would be allouftd. The connection to your business is too slight.

Against your better judgment, your wife "loaned" her brother $200 last year He deposited it at a $2 win window, and there is no chance that the money will ever be repaid. Not that your wife ever thought he would pay it back. Can you deduct the $200 as a non-business bad debt?

Perhaps next time your wife will listen. Even though a non-business bad debt is deductible as a short term capital loss, it seems pretty clear that the "loan" to your brother-in-law was intended as a gift. It is doubtful that there was any expectation of repayment at the time the money was given. Under those circumstances, no debt arises and therefore, there is no bad debt deduction.

L. A. Hoo-Hoo-Ettes lo Stoge

Annuql 'Bosses Nife' Feb. 9

"Kelly's" on Washington and Atlantic Blvds. was the meeting place for Los Angeles Hoo-Hoo-Ette Club No. 1 for January. The highlight of the evening was the report made by Anne Murray, of Roy Forest Products Co., on the new Hoo-Hoo-Ette Club 6 in the San Fernando Valley. Anne and Ida Cunner, of Marquart-Wolfe Lbr. Co., were congratulated on forming such a fine club of enthusiastic lumberwomen.

Helen Rude, of Philips Bros. Lbr. Co., reported on "Bosses Night," which is to be held February 9th. The Hoo-Hoo-Ettes have been planning this event since last September, so come on, Bosses, a gala program has been planned just for you.

1959 NHIA Rules Committee

Hobart L. Manley, president of Reynolds & Manley Lumber Co., Savannah, Ga., has been selected to head the 1959 Rules Committee of the National Hardwood Lumber Association. The committee is entrusted with the important task of evaluating the various suggestions made by members in the industry regarding grading rules changes or modifications. It customarily meets in June and all recommended changes should be directed to the secretary's office in Chicago by May 15.

The committee, appointed by 1958-59 President Bernard Bock, is representative of all the various hardwood species, producing centers and principal markets. Provinces of Oniario and- Quebec are iepres-ented, and the growing hardwood industry in the Oregon, Washington and Britiph Columbia area. Also on the committee is L. R. Smith, L. R. Smith Hardwood Co., P.O. Box 398, Longview, Wash.

Paeifie lumber Dealers Supply

25914 President Ave., Horbor Ciiy, Colif. P. O. Box 667

Telephone DAvenport 6-6273

Monufqcturers qnd Jobbers of SASH AND DOORS

TO THE RETAIL IUMBER. DEALER,