THE CALIFOR},IIA LUMBERMERCHANT

Jack Dion tre,futblisttu

Incoraoretcd undcr tbc lawr of Cdllmie

J. C. Dlmc, Pnr ud Trcar.; J. E. Mrrtin, VicPrer.; W. T. Blac&, Sccretary Publbbcd i:hc trt and lSth ol cech Dott at tlt-19-20 Catnl Bulltnf, lCt Wert Slxttr Strac! la Aafcllr, Cal., Tclephoc VAndike 4566 Eltercd ar Smd.clgr mttrr Scptcnbcr A, nZ2. at thc Pct Officc at Inc Angclcr, Cdlfmla, un&r Act of Mrrch 3. ft?f,

Subrcriptioa Pricc, $2.00 por Ycer Singlc Copier, 25 ccntr cach. LOS ANGELL9, CAL, FEBRUARY 15, 1938

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PRcpect 3tr0

Southern Officc znd Natlonll Bank Bldr. Houlto, Tenr

Advcrtiriog Ratcr on Application

California Lumber Market Shows lmprovement

The Southern California lumber market is showing definite improvement. The lumber demand is better, and the trade reports that there are lots of inquiries and they are figuring on many new jobs. Reports from other sections of the state also indicate that the market is showing more ac- tivity. And with the approach of spring further gains are expected.

During the month of January, the building permits for Los Angeles totaled $5,531,446, showing a gain of $1,124,309 over the preceding month of December. San Francisco with a total building permit valuation of. $I,576,251 for January showed a substantial increase over December.

A large building program is anticipated in California during 1938 as a result of the new Housing Act. California with a total of over 150 million dollars in Government insured loans has been the leading state in the country in FHA activity since the passage of the act. New York is second with a total of 71 million dollars.

The Southern California FHA district has made oneseventh of all housing loans, being the most successful FHA territory in the United States.

A total of 149 down and operating mills in Washington and Oregon which reported to the West Coast Lumbermen's Association for the week ended January 29, produced 69,110,625 feet of lumber. At the rate of cutting at the reporting mills, the entire industry produced 43.8 per cent of its average weekly cut during I926-D.

The new business reported for the week by the 149 mills was 8I,399,989 feet and shipments were 72,553,467 feet. The unfilled order file at these mills stood at287,203.130 feet.

The Association says: "Production, orders and shipments shown in this week's report continue to be extremely low for the time of year. Orders and shipments both shorved gains over the totals reported for the previous week, but these are believed to be without significance in a market way. Markets continued to be quiet."

The Western Pine Association for the week ended lanuary D,114 mills reporting, g'ave new business as 59,845,000 feet; shipments 51,749000 feet; and production 22,237,M feet. New business taken during the week showed an increase of. 6,262,ffi feet, or 11.6 per cent, over the previous week. Unfilled orders on hand at the end of the u'eek totaled 147,014,00O feet.

The California Redrvood Association for the week ended January 22reported production of 13 mills as 4,574,000 feet; shipments 5,192,W feet; and new business 7,601,000 feet. Orders on hand at the end of the week totaled 26,604,Un feet.

The Southern Pine Association for the rveek ended lanuary D,IIZ mills reporting, showed production as 25,7i5,000 feet; shipments D,4L7,000 feet; and new business 30,459,000 feet. Orders on hand at the end of the week totaled 63,339,000 feet, equivalent to 3,016 cars.