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Johnson, Murphy Open New Volley Lumber Co. in Chino

The new Valley Lumber Company opened for business late in February at a site south of the railroad tracks at Central and Chino avenues. The official grand opening will be_set for this Spring. The retail yard isbwned 6y Peier S. Johnson, well-known Southern California lumbeiman, and I\{yrl Murphy, Chino general contractor who will be a nonparticipating partner in the setup. The town's newest enterprise is being advertised in the Chino newspapers as "homeowned and home-operated."

The yard will be managed by Peter S. Johnson, who has many_years' experience. Prior to construciing his own business, he was part owner of the Anderson Lumber Co. for two years and spent 10 years with Patten-Blinn Lumber Co., managing the P-B yard located where the Chino Lum- ber Co. now stands. The new Vallev vard will offer a complete line of building materials.

Jonuory Construction Up l2o/o

F. W. Dodge Corporation anllounces that contracts for future construction in the United States (except Alaska) in Janu-a_ry totaled $2,319,167,000, ry 72/o compaied to January 1958. Dr. George Cline Smith, Dodge vice-president and economist, said of the January figures,-"Once igain the increase. was due primarily to high levels of activity in the residential category, with contracts for one- and twofamily houses and apartments registering sharp gains."

Dollar volume of contracts for residential- building in January totaled $1,021,516,000, an increase of 3l% oveithe similar 1958 month. The number of dwelling units represen_ted by the-s_e contracts totaled U,766, up fSTo compared to January 1958.

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