Glamourous Beauties from'Round the l{orld!

Whether you're looking for old stondbys, or exolic qnd unusuql woods, you'll find Dovidson Plywood hqs in stock the widesl selection of plywood producls for every use thot you con imogine. You'll find woods well known qnd unfomiliqr, from neor qnd from for-off londs, reosonobly priced or expensive qnd luxuiious. In oddition to the U.S.A., woods come lo us regulorly f rom Jopon, the Philippines, lloly, Germony, lhe French Congo, New Guineo, Conodo, qnd scores of other counfries.

Populor Beouties

Africon Mohogony

Philippine Mohogony

Birch

Wolnul

Rifr Oqk l,ef us show you sorne of these exofic woods. fesger Known rrQueen3tt

Primo Verq Africon Cherry

Sopeli

Avodire Khoyo Mocobq Iimbo ANGELES 23 o Angelus 3-6931 r ZEnith 693I HWY.) SAN DIEGO I o WOODCREST 3r92 FRANCTSCO 24 MtSStON 7-2132

Interest Rates IncreasetJ bv FHA and VA Credit Controls Removed

The government on Nlav 2 raised to 4l per cent the interest rates that may be charged on private home loans insured by the Federal Housing Administration and guaranteed b1' the Veterans Administration.

For the \tA. that \\'as a raise of tl prt cent; for the l.-}{A % per cent.

FHA also raised by I per cent to 4f cent the rnaximurn rate on loans it guarantees for large rental housing projects.

The FHA rates in each instance are in addition to a I per cent. charge nhi.ch goes into the agencl''s insurance iund. VA makes no corresponding charge.

Left unchanged at 4 per cent are the maximum rates on milita.ry, defense and co-operative hotrsing projccts. on n'hich the rates are fixed bv lalv.

The militarv housing projects are those erected b1' private builders under authority of the \\rherry -\ct.

The nerv rates u'ill have no effect on mortgages alreadv in effect, but may be applied to loan applications nol- in process rvhere the loan has not been actually made.

The higher FH-\ rates became effective on IIa-"* 2. Those of the VA n'ent into effect on I\Iav 5.

Bill Frese Organizes Own Wholesale Lumber Business in Sacramento

Bill Frese, one of the best knon'n men in the 'r'holesale lumber business in Northern California. rl-ho has had mauv vears of r.vholesale experience s'ith Tarter, \\'ebster & Johnson, Inc. and rvith Superior Lnrnber Sales Companl'. has organized Conifer Lumber Sales, to do a general s'holesale business in Sacramento, handling I'ine items primaril-r'.

Associated rvith Mr. Frese as partner is Frank \/. Amaral, of the Oregon Creek Lumber Co., Ilarysrille. California.

The neu' concern is located on Fulton Avenue. in the Ton'n and Country area of Sacramento. The telephone trumlrer is IVanhoe 7-2557. P. O. Box number is 385.

Herman West, par.r1', has joined ton.

formerlv rvith San the Lumber Carrier

Pedro Lumber ComService at \\'ilming-

\\'ashington, D.C.. April l&-Administrator Albert \I. Cole of the HHFA todal' announced the removal of the remaining credit controls on government-assisted prirate housing u'hich s'ere imposed in October l95O under anthorit-v of the Defense Production -{ct.

I\Iost of the controls s'ere eliminated in September 1952 at the same time Regulation \ rvas repealed. Reg. N applied to privately-financed housing. Horvever, a ferv of the controls rvere retained on government-assisted housing. and they rvere affected b-r' todal''s action. Thev are:

Federal Housing Administration. The onl-v remaining control on FHA-insured mortgages rvas on the maturitr of the mortgage. limiting the maturitl' a maximum of 30 vears. By removing that control. maturitv no\\' reverts to the statutory terms t'hich permit maximum maturities up to 25 and 30 vears. depending on the amount of the morigage loan.

Veterans -\dministration. \fr. Cole has adrised Administrator Carl R. Gral'. Jr.. of the Veterans Administration that the \-A is norr released of the follorving remaining controls: l. Dorvn Payment. The requirement as to minimum dos'n pay, u'hich has been for homes priced at not more than $8.00O-.1/r of sales price or closing costs, s'hichevcr n'as less; betu'een $8,0m and $8.,100--4fr ; more than $8.400-s%.

2. I\Iaturitv. Under the controls. the maximum maturitv rl'as fixed at 2O 1'ears. except in hardship cases rrhere up to 30 vears l'as permitted.

\/A is nos' free of all controls imposed under the Defense Production Act and an1- actions taken thereunder. and loans mav therefore be made rvith the maximurn 30 vear maturit_v perrnitted b1- the Servicemen's Readjustrnent Act.

Ncmred Sales Mcrncrger

\V. L. Brauning. formerl-v sales manager for Sinrps,rn Logging Co., has been appointed sales manager of Eureka Redu'ood Lumber Companv at Eureka. Calif.. a subsisdiarr of I\I and ]I \\-ood \\-orking Co.. trfanager Carl \\ralker announced.