Sash Doors Millwork Panels \flall Board

California

700 6th Avenue, Oakland Hlscte 6016

BUILDERS SUPPLY CO.

15th a Sperr Sts. Sacramento COmctock 1777

$1,140,000,000 Placed in Savings, Building and Loan Associations in 1940

Chicago, March l-Approximately $1,140,000,C00 was placed in savings, building and loan associations in 194O, the United States Savings and Loan League reported this week. Morton Bodfish, Chicago, executive vice president of the League, said that this was 19.4 per cent more money than was newly invested in these community thrift and home financing institutions the previous year.

December was the third highest month of l94O in the inflorv of new money both from first-time investors and savers and from those who already had some cash in these institutions. The net gain in funds during December soared to the highest in eleven months, not only because of the large volume of new money but also because less money was withdrawn than in any month since June.

"Obviously, there has been no notable retrogression in the thrift of our people as a result of the deflationary years," said Mr. Bodfish. "The upturn in jobs and incomes and margin of income over living expenses in 194O was reflected immediately in increased savings, and the home financing institutions obviously received a good share of the 1940 practice of thrift. Today they hold an approximate 9 per cent of the savings of the nation."

Recovers From Serious Accident

Francis G. I{anson, head of West Coast Screen Company, who fell and broke his leg in several places last November 3 on the back porch steps of his home, is now able to be back at his office part time, following a long stay in the hospital and convalescence at home.

Transferred To Oakland

Jack Fenley, salesman for Coos Bay Lumber Company, has been moved from the Wilmington office to the Oakland office.

Ten Years Ago Today

From March 15, 1931 lssue

A two-days' conference of the retail yard managers of The Diamond Match Company was held at the company's main office, Chico, Calif., February n-zl. The two-day session was taken up largely rvith discussions pertaining to sales, collections, credits, expenses, and advertising. I. E. Brink presided.

Weyerhaeuser Sales Company offrce from 26O Calif.ornia Street moved their San Francisco to 149 California Street.

The February meeting of the Orange County Lumbermen's Club was held at the Elks Club, Anaheim. President Harry A. Lake of the State association was the principal speaker of the evening. President Henry Adams presided.

An exhibit of forest rproducts was prepared by the Tacoma Lumbermen's Club as a feature of the 28th annual convention of the Western Retail Lumbermen's Association held in Tacoma. The West Coast Lumbetmen's Association aided in obtaining material and arranging the display.

H. W. Bunker, president Coos Bay Lumber Co., San Francisco, was the speaker at the San Francisco Hoo-Hoo Club luncheon on February 26. A. J. Russell, Santa Fe Lumber Company. introduced the speaker. President Jim Farley, The Pacific Lumber Company, presided at the meeting.

The California Redwood Association moved its San Francisco office from 24 California Street to the Financial Center Building, 405 Montgomery Street. An invitation was sent to all retail dealers and the trade generally to be present at the official opening.

J. S. "Ter" Hardin Elected President of Hoc-Hoo Club No. 62

J. S. "Tex" Ilardin, manager of Merced Lumber Co., Turlock, Calif., was elected president of Central Valley Hoo-Hoo Club No. 62 at the regular meeting of the Club held at Hotel Stockton, Stockton, on Monday evqning, February 24.

. Burt Gartin, Home Lumber Co., Turlock, was elected vice-president, and Ray Van Ide, Hobbs Wall Lumber Co., Stockton, was elected secretary.

Directors elected were Geo. E. Ground, Ground Lumber Co., Modesto, and Don G. Bird, Stockton Lumber Co', Stockton.

The speaker of the evening was Warren Atherton, Chairman for National Defense for the American Legion, who gave a very interesting talk on a recent inspection trip through a number of airplane factories.

Retiring president Tom Jones of Midstate Lumber Terminal, Stockton, presided at the meeting.

Los Angelas Hoo-Hoo Club Meets

Dr. D. G. H. Siew was the speaker at the monthly luncheon meeting of the Los Angeles Hoo-Hoo Club at the Mona Lisa Cafe, Los Angeles, Wednesday, March 5. Ife gave an interesting talk on "China and International Relations," and also showed sound motion pictures of China.

Roy Stanton, chairman of the golf committee, announced that a golf tournament will be held in April'

The gathering stood in silence'for a few moments out of respect to the late T. B. Lawrence and Frank Trower. A. W. Donovan. Hobbs Wall Lumber Co., was chairman of the day, and Vicegerent Snark J. E. Martin presided at the meeting.

The next meeting rvill be held Wednesday, April 2, and Geo. E. Ream, Geo. E. Ream Co., will be chairman.

The Salted Report

Pat Higgings jumped a mining claim And clamped his name upon it, But when he found it warn't no good, He wished he hadn't done it. He had to do assessment work And pay back taxes too,

So when the pay streak petered out, Old Pat was mighty blue.

He tried his best to sell the dump, But none of us would buy it, And rvhen we said, "it's just a fake," Pat couldn't well deny it;

But soon he swore a wicked oath

And yelled, "I'll sell that diggings, I'll shunt i1 off on some galoot, Else my name ain't Pat Higgings !"

One day he lured a canny manA sort of city sport, Who, on the status of the claim, Demanded a report.

No sir, we wouldn't write the thing, 'We knew that claim was salted, So Pat's financial enterprise Was definitely halted.

Pat fumed about that thar report And then he snarled, "I'll write it,"

So with a sputtering pen in hand, He sat down to indite it.

He read the screed when it was done

Then gave a joyful yell, And cried, "I see by this report My claim's too good to sell !"

And Pat still holds that worthless claim, And when we jibe in sport, He pulls a grimy paper out And reads that old report.

"But Pat, you wrote that thing yourself, Intending to deceive,"

But Pat says, "do you think I'd write Reports I don't believe?"

A. Merriam Conner.