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I{ew Profit$

I{ew Profit$

Frode B. Kilstofte, head of the Rossman Mill & Lumber Co., Wilmington, was one of six outstanding laymen cited in the Golden Book of Distinguished Service at the 76th annual meeting of the Los Angeles Y.M.C.A. in the Statler Hilton hotel, June 5. The popular dealer was among those receiving framed gold certificates.

Bob S-tevenson has opened offices for the Edward Hines Lumber Co., Chicago, in Pasadena, Calif.

Durable Plywood Sales Co. Salesmanager Rolf Stolesen of Menlo Part was in Los Angeles on bus-iness the week of May 19.

Iiarvey Seymour, general salesmanager for Jameson Lumber Co., Los Angeles, is expected back late this month from an extended procurement trip through the Pacific Northwest.

Sterling Wolfe, Ed Fountain and Chuck Clay, all -pro-ryi- nent whdlesalers of southern California, attended the National-American Wholesale Lumber Assn. annual late last month in Colorado Springs.

Black Diamond's Larry Backes returned to the Sacramento headquarters after seeing mill connections in southern Oregon and California for a mid-May week.

Don Bufkin is on another swing through the west as Custocatian of the Supreme 9 of Hoo-Hoo fnternational. His latest trip takes him through New Mexico, Atizona and Nevada of Jurisdiction 6.

IVIary and Carl Gavotto made a recent trip. to Los Angeles io visit their son Richard. Carl is pro-minent in San Diego lumber circles and young Dick sells office equipment in the Southland.

Matt Ryan, Hedlund Lumber salesmanager, spent a l1t9 May weel in Santa Barbara calling on accounts with Roliert Burnside, newly appointed Hedlund tri-counties man,

Mr'. and Mrs. Horace Wolfe flew home June 3 from their extended tour of the Hawaiian Islands, reporting a "wonderful" time and looking it.

FHA Requests More Funds

Los Angeles FHA Director Norman Lyon announced May 27 that the local insuring office had received instructions from the Federal Housing Administration headquarters in Washington, D. C., that no additional commitments to insure mort'. gages could be issued after today without specific authority iro]n Washington. Mr. Lyon pointed out that although the FHA was a self-supporting agency and paid all of its expenses through fees collected from the people who use the programs, it was limited by Congress in the amount of mortgages if could insure.

The heavy volume of horne construction has accelerated the use of this authorization and early in May the FHA requested an increase of four billion dollais in iniurance authorization. Until the Congress acts to approve the increased authorization there must be a centralized control so that the legal limit will not_ be_ exceeded, it was said. Pending Congressional action, authority can come only from FHA Wishingttn Headquarters to issue new commitments.as outstanding commitments expire ind as the repayments on insured mortgiges n.rake the ...rblrring authorization available to co.trer currint cases. The local FHA office will continle to receive applications for mortgage insurance and process the cases right up to the commitrieit stage. In this way. the cornrnitments will be ready for release as re'r'olving authorization becomes available or- congressional action increases the legal limitation of the authorizatioi to meet current demands, the report concluded.

SCLSA Hosts West Coost Dry Kiln Clubs Annuol

There was a fine attendance of 75 at the opening of the tenth annual meeting of the West Coast Qry Kiln Clubs, hosted by the SouthJrn California Lumber Seasoning-Assn' at the iafayette hotel in Long Beach,- May 8-9' The attendance swelled to 150 by the annual banquet- The technical sessions proved very stimulating to the delegates representing each o{ the member kiln clubs, and they went back to "their respective coast areas with new founts of information to report to their own clubs.

The welcome *as given by SCLSA President John Kurzahl of the Sun Limber Co., after which the Mayor of Long Beach made the clubs welcome and the pr-ogram was tuined over to the morning chairman, Cort Mason of the Downey Kiln Dry & Milling Co., who was the Local

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