Y STOCK

WHOIESATE DOUCTAS FIR, PONDER,OSA AND SUGAR, PINE

Housing Shown Beoring Bock UP In Jonuory Construction Totols

Expenditures during January of $3.3- billion for new construciion put in place-set a new record for that month, exceeding bi, 3% the previous January high established a year earlier] aicoiding tb prelimiirary estimates p,repared^j ointly bv the U. S. Deplrtrnents of Commerce and Labor. Outlays in January deitined from December by l}/o-no more than usuai for the time of year-and were at a seasonally adiusted annual rate of $48.5 billion, compared with actual ouilays of $47.3 billion in the peak year 1957.

Private spending for new construction amounted to nearlv $Z.4'biliion thlis January and was up slightly from fanuary 1957. The outlays for new private dwelling units were only 3/o less than January l957-the smallest overthe-year decrease since January 1956, when the dollar value of new housing began declining from year-earlier levels.

Expenditures for public housing were the amount in January 1957 and were February 1952.

more than double the highest since

Fornsworth to Foresl Industry Group

Washington, D.C.-Philip T' Farnsworth, executive vicepresident 6i tt. California Redwood Assn., San Francisco, Calif., has been appointed to the National Advisory colrlmittee of Americin Forest Products Industries for 1958, announced Iohn B. Veach, president of AFPI, sponsor of the Americin Tree Farm System of growing timber as- a croD on taxpavins lands. The National Advisory committee^meets irrWaslington, D.C., annually to review AFPI's broad programs of f-orest management and forestry education.

(Tetl them yQu saw i't i'n The California Lurnber Merchant)