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West Forest Coast Products

New Gonstruction Expenditures Up lOo/o in Moy

New construction expenditures rose 10 per cent during May to $2.9 billion, and were 6 per cent above May 1952, according to preliminary estimates of the U. S. Labor Department's Bureau of Labor Statistics and the Building Materials Division of the U. S. Department of Commerce. Although most of the April-May rise occurred on private residential construction and road building, adverse weather kept these types of work from rising as much as usual in May. Total private expenditures were up 8 per cent from April to almost $2 billion in May, and public outlays rose 13 per cent to $933 million.

New construction activity as a whole totaled a record $12.6 billion for the 5 months January-May 1953, almost 6 per cent above the 1952 figure for the same months. Private construction, with a value of $8.7 billion, accounted for nearly the entire gain over last year, largely from increased outlays for new dwelling units and commercial building. Public expenditures totaling $3.8 billion were but slightly above the January-May 1952 total, as lowered activity on public housing, hospitals, and Federal reclamation and development work offset the moderate gains for most otl.rer types of public construction.

Private spending for residential building advanced almost 9 per cent during May to $987 million, and was 7 per cent above the May 1952 estimate. Despite a rainy spring, total expenditures thus far in 1953 for new work on private residential building an.rounted to more than $4.3 billion- almost 9 per cent above the January-May 1952 total. Nonhousekeeping residential building (including motels, hoteis and dormitories) showed significant increases over the year;outlays of almost $100 mllion were 56 per cent more tlran in 1952 ior the first 5 months.

May expenditures of $128 million for commercial building u'ere at the higl-rest monthly rate in 2 years, and an even higher figure seems likely for June. Well over half a billion dollars u'as spent during the first 5 months of 1953 on the construction of new omces, stores, and other types of commercial building, compared with the $387 million spent during the like 1952 period.

Private industrial construction remained strong in May, with outlays almost equalling the April figure. For the first time in l1 months expenditures for this r,r'ork were above the year-ago level.

Highu.ay expenditures advanced almost 5O per cent last month to $250 million, but the 1953 total thus far ($740 million) was only slightly above outlays during the January-May 1952 period. After a seasonal rise in May, military and naval expenditures for new construction .totaled $530 million for the first 5 months of 1953-about 6 per cent over the like 1952 period.

Tillqmook Veneer Plqnt

The Diamond Lumber Company announces that it will build a new veneer plant at Tillamook, Oregon, using timber largely from the great Tillamook Burn. R. A. Gould is president.

San Francisco

There is an old story about a San Franciscan away from home, u'ho was asked by friends to make a speech eulogizing l-ris home town. His reply was classical. He said: "I never brag about San Frencisco when away from home. Never. All I've got to say about that city is that THIj FARTHER YOU GET FROM IT, THE WORSE I'I GETS.''

In the June number of the California Real Estate Magazine there is a full-page display ad signed by the San Francisco Real Estate Board. So filled is that advertisement with interesting things.about the city at the Golden Gate, THE CALIFORNIA LUMBER MERCHANT takes the liberty of re-printing the text. Even the most enthusiastic San Franciscans may find things to surprise them, and to enthuse over, in this text, which follows:

San Ftancisco is knoun as the City of Charn , ol stately buildings, ol inoigorating climate, ol lascinating sights of cable cars, Fisherman's Vhar!, sideoalk flouer standE ol the tallect bfiilse in the uorld. But this cosrm,opolitan city by the Golden Gate is also last becorning fixed in people's mind's throughout th'e porld aa a c'.ostroanls of cornmerce , a tnoilern giant ol indu$ry and progress. Here are some reasons why:

INDUSTRY: San Francisco is the pulse of a great industrial body that fashions products for the 1ve1ld-m2nuf4qtured goods of every conceivable variety from the 12county Bay Region-all finding passage through The City, as through a giant funnel. And San Francsico sets the pace r'r''ith an effective industrial machine of its own: manufacturing has grown to an annual payroll of approximately $350 million; value added by manufacture estimated at about $715 million. New industry and expansions of industry last year hit an all-time high in the Bay Region with $184,679,002 invested. In San Francisco alone, $7,651,953 rvas investe d in 24 new plants, and 72 expansions-creating 599 new jobs in a single eyar. San Francisco is on the march, industrially !

TRANSPORTATION: Converging in San Francisco is a vast transportation network that brings unexcelled service to local industry and business. The City is served directly by four Class 1 railroads operating more than 27,000 miles of line; many fast new ocean {reighters; more than 4O cornmon carrier truck lines ; bus lines radiating to all points of the nation; and unexcelled air transportation frorn one of the world's largest airports.

WORLD COMMERCE: San Francisco is a rvorld trading post where goods of the West are gathered and distributed around the earth-and where the world's goods, in turn, are imported, distributed and trans-shipped. Nlore than 70 shipping lines regularly use this port. They contact at least 300 of the world's ports. San Francisco Bay is foremost in tonnage (estimated at 47 million) of waterborne commerce among Pacific Coast ports. $2O million is currently being spent on San Francisco's port improvement program.

FINANCE: An impressive portion of the world's finance is controlled from the "Wall Street of the \Vest"-Mor,tgomery Street, San Francisco. Second ranking financial center of the nation and home of seven of the nation's 100 largest commercial banks, The City is also headquarters for the 12th Federal Reserve District.

LABOR-MANAGEMENT RELATIONS: Thel''re good ! Here's fact, not fiction: The City's labor-management reiations have a long history o{ contractual agreements, mature labor leadership and labor-management cooperation in affairs of the community. SAN FRANCISCO IS ONETHIRD BELO\A/ THE NATIONAL AVERAGE IN PERCtrNTAGE OF WORKERS INVOLVED IN STRIKES during the period 1947-51.

DOMESTIC TRADE: Concentrated in San Francisco are tremendous regional supply bases: The City sells more than trvice the amount of goods at wholesale per capita than any other major city in California. Over $4 billion in .goods are sold by San Francisco's 4,000 rvholesalers each year. 1,6(X) branch offices of national and regional firms make this city the largest branch office center in the entire West.

REAL ESTATE ACTMTY: Deeds recorded in San Francisco during the single month of March 1953, numbered 1,747-€.4 per cent above March of 1952; total for the first quarter-4,718; 1.4 per cent above last year. Construction permits for March rvere valued at $5,839,62787.1 per cent above l\{arch of last year! The San Francisco Chamber of Commerce has had an active part in these :rdvances. Communicate with them at 333 I'ine Street, San Francisco 4, California, for general information concernirrg the City.

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