..ANOTHER, SHIPTNENT FRO'UI FAIRHURST''

One day one of the big elephants moved his foot suddenly, and crushed the little mousie. "You clumsy ox !" exclaimed the other elephant, "You've trampled our little playmate to death !"

"Aw, shucks !" replied the other, sadly; "I was only TRYING TO TRIP HIM !''

Zellerboch R.eports on lumber

The recent acquisition oi Canadian \\restern Lumber Company by Crown Zellerbach Corporation has resulted in Zellerbach reporting production of lumber and related pro<lucts for the first time. For the ten months ended April 30, lumber output was 138,123,000 board feet; plylvood, 41,937,W feet. Output of doors was l2O,00O pieces, and shingles 145,000 squares.

New 5BA Loqn Procedure

Wendell B. Barnes, administrator of the Small Business Administration, announces that he has delegated authority to the agency's 14 regional directors to make many loans up to $50,000 without the prior approval of tl.re Washington office. Previously, a1l loans had to be approved.

Meqns promptly expedited . from Fqirhurst's own Trinity Mill ot Forl Sewqrd, Coliforniq . or from one of rhe other 35 mills in Northern Colifornio, whose production is mqrketed by Foirhurst. Some of these mony mills ore speciolized in meeting vqried specificqtions in

Wood Gonversion Cqmpoign Urges ttSee Your lumber Deoler First"

A "See your lumber dealer first" campaign, initiated by the Wood Conversion Company, has received wide dealer acceptance, the company reported. The campaign centers around a full page Wood Conversion ad in the July 31 issue of the Saturday Evening Post warning the consumer against fly-by-night applicators and pointing out the protection alTbrded a remodeling investment by local lumber dealers.

The ad explains the advantages of dealing rvith a local lumberyard instead of fly-by-night operators and outlines the dealer's permanence in the community, his acquaintance with honest local contractors, his knowledge of sound finance plans and his reputation for selling quality building materials.

Plon | 954'55 Hoo-Hoo Events For los Angeles Blqck Gots

Jerry Essley, John Lipani, Jim Forgie and other tslack Cats met in a luncheon session July 16 to plan Los Angeles HooHoo events for the coming 1954-55 season.

A new policy of entertainment, golf and all other Hoo-Hoo activities has been adopted by the policy committee and was activated at the July 16 session. A "bang-up" program will Le planned for each meeting in the new season, which starts next month.

'Open-End Morrgqge' ldeq Gets Shof-in-Arm From Legol Eogle

The "open-end" mortgage-a source of credit for home improvement, repair and remodeling vuork-has received a shot-in-the-arm from the top legal authority in the $28,000,000,000 savings and loan business. Horace Russell, general counsel of the United States Savings ar-rd Loan League, gives his blessing to the "open-end" mortgage in the current edition of the League's magazine, Savings and Loan Nervs. His action is expected to stimulate interest of the League's 4,100-member savings association in the "open-end" mortgage program.

Under the "open-end" provision, a iamily u,hich has reduced the principal of its mortgage is permitted to reborrorv, rvith no change in interest rate, the amount of the principal so far repaid, or an even larger amount if the lending institution sees fit to do so. This "additional advance" is then amortized with the remainder of the mortgage over the life of the loan.

General Counsel Russell calls the "open-end" plan an essential part of what he thinks savings associations should use as a "flexible mortgage contract" to cover all family financing needs.

"If credit needs develop for a garage, driveu'ay and rvalkway, landscaping, another room or two or even some improvements to tl.re real estate, the family which has a flexible.mortgage obtains such funds at mortgage rates and terms, and these, too, are amortized," the League counsel explained.