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oo...over 101000 emplo)rees joined the Pavroll Savings Plan ..." \)
"At Grumman, we are proud that in our person-toperson c:rmpaign over 10,000 employees joineC the Payroll Savings Plan and grasped the opportunitv to buy U. S. Savings Bonds regularlv every payday. These results were achieved through enthusiastic, patriotic teamwork. I urge every American company to reactivate their Bond Program now in a nationwide ef{ort to maintain sound money and a stable economv."
LEON SWIRBUL, Presiilento Grunrman
Air cral t E n gineerin g C ompany
If you have a hundred or more men and women, you can make a substantial contribution to sound money and a stable economy, and also help your employees to build personal security, by installing the Payroll Savings Plan, or reactivating an existing one.
A phone call, wire or letter to Savings Bonds Division, U. S. Treasury Department, Washington, D. C., will bring prompt response from your State Director, who will help you to organize a person-to-person canvass that will put a Payroll Savings Application in the hands of every employee. That's all you have to do. Your employees will grasp "the opportunity to buy U. S. Savings Bonds regularly every payday."
Thc United States Gouernrnent does not pay for this ad,xertising. The Treasury Departrnent thanks, for their patriotic donation, the Aduertising Council and,
How Lumber Looks
Lumber shipments of 518 mills reporting to the National Lumber Trade Barometer wete 6'6/o above production in the week ended July 3O; new orders r'vere virtually the same, while unfilled orders were 5Oo/o of stocks. Compared with the week ended July 23, production was 1.7/o and shipments were 6.2% above, while orders were 3'9/o below. For the year to date, shipments were 4.0/o above producticrn and new orders were 5.8/o above.
The National Lumber Manufacturers Association reported national lumber production totaled an estimated 3,581,000,000 bf in June 1955, an increase of 5/o over May and, I5/o over June 1954. Softwood shipments were 3/o over production; hardwood shipments wete B/o greater. In the first half of 1955, estimated total lumber production of 13,391,000,000 bf was 3/o above the similar 1954 period, with softwoods up 8/o and hardwoods down l3/o- Both shipments and new orders exceeded production in the first six months this year at levels 7/o above last year.
The West Coast Lumbermen's Association reported for 175 mills (157 operating) in the rveek ended July 30: production, 116,033,397 feet; shipments, 135,148,633 feet (15.5% over production); orders, 1n,737,I89 feet. For the year to date, shipments were 2.2/o and orders 2.9/o over production.
The Western Pine Association reported for 114 mills in the rveek ended July 23: production, 91,350,000 feet; shipments, 85,633,000 feet; orders, 88,537,000 feet. Orders were 18.8% above the week ended July 16 and production for 1955 was 330,000 feet above 1954 to date.
The California Redwood Association reported the greatest volume of Redwood lumber production by California mills for any six-months period was recorded in the first half of this year. The 20 largest producers showed a l0/o production gain, a Z2/o increase in orders, and l5/o hike in shipments; production being up 29,916,000 feet and shipments up 43,544,A00 feet over the first half of 1954, with Redwood trees being sawed into lumber at the fastest clip (Continued on Page 60)
