Lumber qnd Building Lecld Economic Pclrclde...An Edrtorial

We said in these columns a month ago-it was an exclusive-that in spite of all the blue figures being printed in the financial papers and in the finance columns of the press generally concerning possible "recession" in business, the lumber and building business refused to follow suit and were enjoying a high tide of prosperity.

Today the government at Washington has been distributing both through the press and over the air waves the hot news that the building industry is indeed on a boom basis, and will probably set an all-time record of $36,000,000,000 this year.

So up we rise to shout aloud that old refrain: "We told you so."

The lumber business is in about the same shape it was a month ago. Production is high, shipments are strong,

Jqck Cline Nqmed Successor to Ernie Thompson Yvith Peoples

Jack Cline, manager of the Santa Paula, Calif., yard of the Peoples Lumber Company for the past 20 years, has been appointed the successor to Ernie J. Thompson as general sales manager of the line yard concern, it was announced b1' B. W. Martels, general manager of the firm.

Thompson's resignation was reported in the June 1 issue. I{e also served as manager of the subsidiary Ventura County Wholesale Supply Co. Mr. Thompson, whose resignation