T. l.COBB COi,IPANY

tOS ANGELES T I

58OO S. CentrqlAve. ADqms l-4211 |

959 Gonstruction Record Seen for los Angeles County

Los Angeles C9un1y construction during 1959 may climb to a record $1,400,000,000 if the present trends continue, reports th_e L.A. Chamber of Commerce. The projection by the Chamber's Research department is based on a Uultain! total of $463,840,600 in the year's first four months. ThE county's record now stands at $1,332,000,000 reached in 1956. The current 4-months total is ll.l% ahead of the same period last year.

Total April valuation in the county was $127,325,100, an increase of 23.9% over the same 1958 month. New residen- tial valuation was ttp l7/o to $@,677,000. During April there were recorded 2,889 single-family dwelling units ind 3,753 multiple units, up 25.7/i over tie same D58 month. For this year's first four months, new residential valuation sAN DIEGO I

4th & K Street BElmont 3-6673 y3:.qp 6.I% to.$211,912,100, with single units up 20.8/o to 10,244 and multiples up .2/o to 12,230.-

Gorpenters Sign 3-Yeqr Poct

San Francisco.-The Associated General Contractors and the Carp^enters lJnion signed a new contract May 26 cover- ing 35,000 Northern California craftsmen and- averted a strike against $1,500,000,000 worth of construction. saicl AGC .General_ Manager Bruce McKenzie. Carpenters of 42 qounties, excluding those in San Francisco,- San Mateo. Alameda and Marin, whose_pact expires June 15, signed when the contractors met demands that part of the- 65cent per hour package increase be placed in a Vacation fund.

Construction teamsters have ttireatened to strike unless Vacation and Holiday pay funds are created for them, and the Laborers have said they will walk out, too, if there is no agreement soon on new hiring-hall procedures.