Construction Awqrds for June Highest in 63-Yeor History; Record Holf-Yeor; Holden Hirs 'Prophets of Pessimism'

New York-The Dodge Reports of contracts for future construction in the 37 states east of the Rockies again smashed records in June after breaking numerous other monthly records within the past year, it was announced by F. W. Dodge Corporation.

The total of $1,733,264,000 was the highest for any of the 63 Junes in Dodge's history and was 43 per cent ahead of June, 1953.

It rounded out the highest first half of any year, with a total of $9,251,149,000, up 17 cent from the first six months of 1953. It narrowly missed topping the total for the last six months of 1953, which was Dodge's biggest half year.

"A record-breaking June and a record-breaking half year in commitments for constrnction expenditures should prove conclusively," commented vice-chairman Thomas S. Holden of Dodge, "that vast thousands of Americans have had considerably greater faith in the business outlook than has been indicated in recent months by the more gloomy prophets of doom.

"You can scarcely have a real depression .ivhile people continue month after month to sign record-breaking commitments for facilities to be built in the coming months and to be trsed over a long-extended future.

"The average monthly contract total for the first six months was $1,542,000,000. The last six months need average only a trifle over $1,000,000,000 to equal the alltime yearly high of $17,443,463,000 set in 1953. The Dodge grand total for the 37 eastern states has not fallen belorv $1,000,000,000 since February, 1952."

Riverside Hoo-Hoo Meefing Sees tMogic of lumbert

The board of directors of Riverside County Hoo-Hoo Club 117 called a meeting for Friday night, July 17, and a good turnout was on hand in spite of the warrn u'eather prevailing. Russ McCoy, fully recovered from his early fishing season accident, made arrangements for the meeting and dinner at the Hemet Elks Club. I{emet. Calif. Dinner rvas at 7:39 and the very popular steak dinner menu of a previous meeting was repeated.

The concatenation which had first been planned for this meeting was postponed until later and, instead, the directors secured Carl F. Ramstrom, district supervisor, Los Angeles, Ior the West Coast Lumbermen's Association, Portland, as a speaker. Ramstrom showed the highly recornmended \\rCLA motion picture, "The Magic of Lumber," and brought the Riverside Hoo-Hoo greetings from Hal V. Simpson, WCLA secretary-manager, who was in the area briefly earlier in the week on business.

Door prizes were awarded to bring to a close a tasty and entertaining evening.

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