AGO TODAY

Merchant July 15, 1925

Angeles corporation, Angeles. A full line

The Red River Lumber Company has just opened an immense neu' lvarehouse and distributing plant in Los Angeles, 100 by 350 feet in size. Sash, windows, doors, and screen doors will be carried in stock. All sash and u'indow stock n'ill come to this plant knockdown, and will be assembled and glazed here. J. D. Rickard is general manager.

W. G. Angeles and the the Los lumber

Scrim spoke to the monthly meeting of Hoo-Hoo Club on the subject of Philippine Philippine Islands.

Five retail lumber firms of the city of Anaheim, California, joined their forces to create and display a prize winning exhibit at the California Valencia Orange Show. The concerns 'ivere the Adams-Bowers Lumber Company, the Gibbs Lumber Company, the Ganahl-Grim Lumber Company, tl-re Gibson Lumber Company, and the Smith Lumber Compsnl'.

The National Hardwood Lumber nized the hardrvood importance of C. H. White, of San Francisco, a zation.

The Higgins Lumber Company nounces that it has purchased the

Association has recogCalifornia by electing director in the organi- of San Francisco, anlumber stocks of Edw.

Ir. Niel-raus Lumber Company of that city. The latter concern, one of the pioneer hardwood dealers of the Bay District, is retiring from business.

All four retail lumber yards in Santa Barbara u.ere damaged to some extent by the recent earthquake. It is cstimated that the four yards suffered betrveen thirtv and forty thousand dollars damage in the quake.

The E. L. Ingram Company, of Houston, Texas, announces that it has placed orders for several full carloads of Redwood lumber to be stocked by }fouston yards, and that this is probably the biggest Redwood order ever placed in that city.

Ponderoso qnd Sugor Pine

Gleqr Fir ond Redwood

4230 Bqndini Blvd., Los Angeles 23

Al{gelus 3-7503

New Regulations Applying to FHA And VA Insured Loan Fees and Charges

Veterans Administration and the Federal Housing Administration have taken joint action to eliminate excessive fees and charges in connection with the construction of housing financed w-ith the aid of government guarantees or insurance under the GI Bill and the National Housing Act, it was announced today.

Acting under authority recently granted in the Housing Act of 1950. FHA Commissioner Franklin D. Richards and VA Administrator Carl R. Gray, Jr., have established limitations on such charges, effective July L7, 1950.

In setting the schedule of maximum fees, both agencies worked closely with Administrator Raymond M. Foley, of the Housing and Home Finance Agency.

The new regulations apply both to construction loans and the permanent financing of new homes with credit aids provided by GI loans guaranteed by VA, or FHAinsured loans. A certificate will be required from the builder or the lender, and in some cases from both, that no fees in excess of the maximums have been paid or imposed.

The new regulations will apply only to applications for VA's reasonable value or for FHA commitments received in VA or FHA ofifices on or after July 17,1950.

The maximum interest rate on construction money advanced to builders under the schedule is set at 5 per cent. In addition, the lender making the construction loan will be permitted to charge up to 2l/z per cent of the amount of the funds advanced as a service charge to cover costs of supervision, making periodic advances, clearance of liens, and other overhead.

Where the lender financing the construction also finances the mortgage loan of the purchaser, no additional service charge in conne.ction with the latter loan is permitted. Where the permanent loan is made by a lender other than the institutions advancing the .construction loan, a flat fee previously authorized, which may not exceed 1 per cent, will continue to be allowed.

In addition to the permissible service charge, the builder also may be required to pay certain other miscellaneous expenses, such as recording fees and those paid for appraisals and inspections.

In annouricing the new fee schedule, Commissioner Richards and Administrator Gray said that excessive charges in connection with construction loans for FHA and VA financed housing had become a serious problem in some areas of the country. The new restrictions are intended to curb such practices.

Dennis Lumber Co. Moves Los Angeles OIIice

The Los Angeles office of Dennis Lumber Company has been moved to 714 Olympic Boulevard, Zone 15. The new telephone number is PRospect 2354.

Art Milhaupt, who has been sales manager at the San Francisco offrce, has moved to Los Angeles to take charge of that office.

Brush Industrial

Wholesale

Triangije Ijumber

WHOT.ESAI.E IT'MBER

co.

Roif Shippers

QUILITY FIR YIRII ST|IGIT

T|ilT(lil

. IRIM

140,000 New Dwelling Unit Starts In May Smashes All Records

May homebuilding broke all previous monthly records by spiralling to 140,000 new permanent dwelling units started, according to preliminary estimates of the U. S. Labor Department's Bureau of I abor Statistics. The May figure was 11 per ceat greater than that for April 1950, and almost 50 per cent al.read of the May 1949 level.

The half-million mark for new housing starts \\'as reacfied in May this vear-2 months earlier than last year. The cumulative total for the first five months of 1950 n'as 538,000 units, compared with 354,000 units in the like period of 1949. The sharp gain in home construction this year over last has been country wide, and has been shared by cities as well as outlying areas.

Arthur Twohy, Twohy Lumber Co., Los Angeles, and Mrs. Twohy, spent their vacation at the Sequoia and Yosemite National Parks and San Francisco.

Clarence E. Dame of and family are back from Clea: Lake, Calif.

Celebrates 25th Wedding Anniverscry

Joe Rogers and Mrs. Rogers of the Square Deal Lumber Company, Salinas, celebrated their 25th wedding anniversary on June 14, 1950. They received gifts and congratulations from a large number of friends.

\(/ANT ADS

SCREENS for all types of STEEL SASH

Rudiger-Lang Co.

Eighth & Carleton Sts., Berkeley, Calif., TH.

La Brea Ave., Los Angeles, Calif., WY. 6865

For Sale

l-Late 1946 Hyster Lumber Carrier

Strable Hardrvood Co.. Oakland. spending two weeks' vacation at

J. G. (Jimmy) Fuller, Fuller Lumber & Supply Co., Sacramento, recently vacationed in Honolulu. Ife went over on the \4atson Liner Lurline, enjoyed his stay at the Royal Hau'aiian Hotel, and returned by air.

Stu Smith, Stuart C. Smith Oregon, returned July 5 from Lumber Sales, Brownsville. a visit to California.

R. J. Parish, of lVlelbourne, Australia, agent for Rounds Trading Co., San Francisco, is on a visit to the Pacific Coast. He will call on connections in California, Oregon. Washington, and British Columbia.

Frank Curran, was a recent San of Frank Curran Lumber Francisco visitor. Co., Santa Ana,

Mrs. Arvilla Belasco, manager of the San Francisco olfice of Georgia-Pacific Plyrvood & Lumber Co., will be on vacation from July 15 to 29 in Humboldt County. She and her husband, both expert anglers, will fish the Van Dusen and Mad Rivers.

Mary Angeles, (Mallard) Abernethy, San Pedro vacationed for a u'eek in San Lumber Co.. Francisco. Los

Scwmill Burned

Grants Pass, Ore.. July 1-A stroyed the Merlin Lumber Mill

No structure is stronger bility of a home depends fastened together.

$275,000 fire partially here today. dethan its connections. materially on how The durawell it is

EICHROME

LUMBER EQUIPMENT PRICED TO SELL

2 Ross Lumber Fork Lift Trucks, 19 HT, 6000 lbs' cap. 10' hoist, $3250.fi) each-

1 Gerlinger Lumber Carrier, Model SRH, 54-78 Bolster,'^--, -

I Hyster Lumber Carrier, Model 2, 54-?8 B"irs."::" *" :::::::' 15 ton cap. $3250.00. All these trucks are conrpletely reconditioned and are in perfect working order.

SCHLOEZER, HARR & NEES

187 Fremont Street, San Francisco 5, Calif.

Phones: EXbrook 2-407A, 2-4071

Lumber Yards For Sale

A. Los Angeles yard, one ownership for 25 years; located five miles from City Hall; 25M sq. ft. with 7M sq. ft. under roof. Will sell ground and buildings for $40,000; office and planing mill equipment $2500; trucks and inventory extra. Will sell on terms. If preferred will lease ground and buildings ar $275 monthly. We are sold on this yard. Profit and loss figures will be disclosed.

B. Ventura County yard, one and one-third acres; ground and buildings and equipment $15,fl)0; inventory about $2Q000. Or will lease ground and buildings for Sl5O monthly. Profit and loss figures will be shown.

C. Orange County yard. Gror.lnd Buildings and all equipment will cost $39,900 which includes three trucks. Inventory extra. Sales 1949 reported as $224,000.00 Prospective buyer will be welcome to spend a week at the yard to study the operation.

D. This yard located between Los Angeles and Long Beach was established 25 years ago; present owners purchased it 4 years ago. Ground, buildings and all equipment $21,000, truck extra. Inventory will amount to about $12,(n0.

E. I am still looking for a buyer for that good yard at Perris, established over rO years ago; owned by Colorado interests. R. R. Lease $75 annually; price for all improvements and cquip,ment except truck $35S. Inventory about $18,mO. Profit and loss figures will be shown. Where cnn you get a proven yard at any such figures?If you want to sell your yard let us hear from you.

Want Ads

Rcte-$2.50 per Column Inch

Closing dates lor copy, 5th and 20th

WOODWORKING MACHINERY FOR, SAIE

MOULDERS-STICKERS: HERMANCE 6", original factory ball bearing; VONNEGUT 12", all electric, direct drive with round and square heads and frequency changer, approx. 2 years old.

RIP SAWS: McCOY GANG RIP SAW, ball bearing; BEACH, ball bearing, l0 HP, power fed.

STUD MACHINE, double end trim saw for cutting studs to length.

DIESEL ENGINE G.M., 125 HP, Gcyl. completely overhauled.

DOUBLE DRUM WINCH # 100 American hoist and derrick with Chrysler 6-cyl. Diesel.

COMPRESSOR, Essick, 125 lb. pressure, Lr/2 H.P, single phase. Most ol this equipment is in operation--1our inspection inuited.

. ROY FORTE, Production Machinery lor the Wood,working Trad.e l4l7 East 12th Sereet, Los Angeles 21, Calif.

Phones: TUcker 8556-Res. HEtcalf 3-2562

LUMBER YARD FOR LEASE OR ?

27d x l8O' with ,l-car spur on property. Frontage on Vermont Ave., Gardena, side street and 20-foot alley in rear. Equipped with lumber racks, sand and gravel bins, cement storage house and finished lumber sheds. Store on corner 50'x l0O' finished in lcrotty pine, very attractive.

PHONE PINER & PRINSELAAR, Exclusive Agents

MEnlo 4-1157 or Evenings MEnlo 4-3351, also MEnlo 4-2873

Location Wanted

I am sub-dividing my present location and vdll have to move my planing mill. Would like a location by a sawmill or what can you offier. L2" ball bearing, round heads, 50 h.p. electric motor, 6 in. flooring mach. fork lift, lumber trucks.

PHONE CARPENTER MILL AND LUMBER CO.

Phone 62678 Napa, Calif.

FOR SAIE OR. TRADE GOOD CONDITION

$1,500, Hyster Straddle Truck Serial #680 Year 1938 Model FP16

$1,4@, Hyster Straddle Truck Serial #467 Year 1937 Model CPl6

$3,000, Ross Straddle Truck Serial #2O34 Year 1942 Model 9O Will trade for Redwood, Fir or Pine lumber. Call or write Healy & Tibbitts

411 Brannan Street, San Francisco 7, Calif. YUkon 6-2583

SWEDISH BOTINDER GANG sAW

lmmediote Bids Wonted on Bolinder Frqme Sqw 34" Stroke: L9" to 20".-Caoacity: Approx. 30"x3d'.-Feeding: Step by step with Vaestrnan-Patent. General Electric feed control, ? speed. Complete with conveyors, mofor (50 H.P.), dust exhaust system, Swedish blades, switches, etc.

Wire or send inquiries to C.J.W., 2411 Octavia St., San Francisco. Phone ANdover 1-5644

For Sale

30" Buss Planer, double surfacer, ball bearing, direct drive.

I Root self-feed rip saw.

Both in good condition and ready to go.

DEATS SASH & DOOR CO. 935 East 59th St., Los Angeles 1, Calif.

CEntury 2-0171

For Sale

Windows, sash, door and hardware business. Earnings net $100 a week. Ideal business for man and wife or partnership. Will sell at inventory cost, approximately $1500 to $20O0. Will reduce inventory if wanted. Have two years lease at $75 p,er month with option for three years more.

K&HSash&Hardware

1223 So. Hawthorne Blvd., Hawthorne, Calif.

Telephone OSborne 6-2024

Nomes of Advertircrr in this Deparrment using o blind qddres: cqnnol be divulged. All inquirier ond replie: should be oddre:sed to key shown in lhe advertisemenl

Sales Representatives Wanted

Experienced steel sash salesmetr familiar with southern and w'estern sectitons of Los Angeles city and county.

Addi:ess Box C-1831, California Lumber Merchant

508 Central Bldg., Los Angeles 14, Calif.

Position Wanted

Man now managing yard doing $25,000.00 monthly will consider new position. San Joaquin or Sacramento Valley,

Address Box C-1818, California Lumber Merchant

508 Central Bldg., Los Angeles 14, Calif.

Experienced Retail Manager Available

Thoroughly experienced and capable retail manager with enviable record wishes to re-locate in Northern California. Twenty years retail lumber experience. College education. Age 39, excellent health, A-l references to character and ability. Now manager in highly competitive city of 25,000.

Salary plus share in profit. Will invest.

Address Box C-1829, California Lumber Merchant.

508 Central Bldg., Los Angeles 14, Calif.

Position Wanted

Competent, experierrced, retail lumber yard manager, 25 years experience, all phases of the lumber busines.s, 44 years, married, family, desires position as rnanager of city yard of substantid volume, or one with a heavy potential volume. Capable of operating in a highly competitive situation Now employed but wish to make a change.

Address Box C-1832, Califorria Lurnber Merchant

5ffi Central Bldg., Los Angeles 14, Calif.

Wants Position

Lumberman wants connection with firm in Southern California. Seventeen years' experience in retail, and past seven years as wholesale Lumber salesman and office manager. Good references.

Address Box C-1833, California Lumber Merchant 508 Central Bldg., Los Angeles 14, Calif.

Kiln Drying

We are one of the largest custom dry kilns on the West Coast. We also sell, rent, or repair lumber carriers and lift trucks. Will .xchange equipment for lumber.

WESTERN DRY KILN & EQUIPMENT CO.

P.O. Box 622, Wilmngton, Calif.

Phones: NEvada 61371 and TErminal ,l-6624

For Sale

ll ton capacity International fork lift loader equipped with 48" forks, mounted on 12 ply pneumatic rubber. Priced to sell.

TWAIN HARTE LUMBER COMPANY

P. O. Box 228, Twatn Harte, Calif.

For Sale

Lumber concentration and reta,il yard in pine producing area. Complete with planer mill, 12" sticker, burner system, sheds, grading chain, water system, etc.

HAMSON LUMBER CO.

Mariposa, Calif.