LAWREIIGE-PIIILIPS LUTBER GO.

42O N. CAftTDEN DRIVE-ROOffI 2O5-BWERLY HIIIS, CAIIF.

OLD GROTYTH FUtt SATY}I REDTYOOD STAMPED DOUGTAS FIR . ROUGH DOUGTAS FIR GRTIGRADE CEDAR SHINGTES wHotEsAlE OXrY

Mortgcae Policies Awcit $1qlilizqli6p

The Federal National Mortgage Association u'ill defer decision on its future policies for the purchase or sale of l-rome mortgage loans until the market has become stabilized, Albert M. Cole, Housing and Home Finance Administrator, told the national convention of the National Savings and Loan League in St. Louis.

Mr. Cole said the FNMA will maintain for the present its freeze on non-defense over-the-counter mortgage purchases and will defer any resumption of the sale of n.rortgages until they can be disposed of on an orderly basis. The FNMA intends to avoid dumping of any volume of mortgages at low prices and will market them at a rate that can be absorbed without impairing the normal market for home nrortgages.

NIMA Improves Wood Contciners

Washington, D.C.-The Navy reports that recomrnendations of the National Lumber Manufacturers Association are responsible for a marked improvement in the performance of containers used to ship the household effects of transferred personnel.

At the Navy's request, J. L. Stearns, assistant director of NLMA's Research Department, and Paul Koenig, of NLMA's Technical Department, suggested several changes in the specifications for wood parts of the containers.

Navy officials have since advised the National Lumber Manufacturers Association that they are w'ell satisfied u'ith the more than 3,000 containers purchased under the revised specifications.

The Name Is Bacon-Not Bronm

In the May I issue of THE CALIFORNIA LUMBER \IERCHANT there appeared an error that was more than slight. If we had missed or changed one letter we might havc hidden behind the claim that it was one of those typographical errors. But in this case where u'e changed all of a man's name except the first letter, all we can do in the matter is blush and ask forgiveness for some blurred typing.

It seems that Ralph E. Bacon is senior salesman in the Oakland territory for the Strable Hardwood Compa.ny, of Oakland, and that he has been 43 years with that concern. So we printed the fact. But when the thing came out, the name of Bacon had been changed to Brown. Hon'? We dunno. But rve're sorry. And the name, friends, is Ralph E. Bacon.

Genercrl Pick Ioins Creorgicr-Pcrcific

Lieutenant General Lewis A. Pick, USA, (Retired), builder of the famed Ledo Road in \\'orld \Yar II and the great Thule (Greenland) Airbase, as well as a host of other projects dur' ing his career as Chief of Armv Engineers, has been elected as \/ice Chairman of Georgia-Pacific Ply*'ood Company, it \\'as announced by Owen R. Cheatham, President and Chairman of the Company.

Plyvuood Sales Record

United States Plyu'ood Corporation announces that its consolidated sales for the fiscal year ended April 30, 1953 established a neu' all-time high at $116,400,000. This compared u'ith $107,643,000 for the previous fiscal vear.