NTAI{D TUMBIR COMPAI{Y

Main Office: COLTONTRinitv 7-2001

Branch know myself. Me and Bill started drinking early in the evening, and after a while we began to get sort of drunkish. So we decided we'd better get in Bill's car and go for a ride, get some fresh air and get sobered up some. So we started out and Bill was driving. We was making about 75 when I says to Bill, 'Look out ! There's a bridge coming-better turn out and let her And he did, and here we are."

Plqnt, Equipment Outloy Off

Businessmen expect to invest $31 billion in new plant and equipment in 1958, according to the survey conducted jointly in late April and May by the Department of Commerce and the Securities and Exchange Commission. This is 4/o less than the amount anticipated by business for 1958 in the survey reported three months ago, and I7/o below the record $37 billion outlay in 1957.

The survey indicates that capital investment programs of business are expected to be at seasonally adjusted annual rates of $31.4 billion and $30.3 billion in the second and third quarters of 1958, respectively. These compare with the actual figure of $32.4 billion in the first quarter of this year, and imply that the decline will extend through the fourth quarter. The figures for the first and second quarters represent downward revisions from the programs reported previously, reflecting in part the severe weather conditions earlier tl-ris year, but also adjustments of basic programs.

'Selected Decking' Approved

Under date of July 17, 1958, the Board of Building and Safety Commissioners, City of Los Angeles, California, issued the following:

Pursuant to the action of the Board of Building and Safety Commissioners at their meeting on July 17, 1958, "Selected Decking" is granted a general approval as a new lumber grade, and may be used in plank flooring and decking in the same manner and under the same conditions as now permitted by the Building Code for No. 2 Dimension plank flooring or decking having a nominal thickness of not less than 2". This approval shall apply to all species graded under the Standard Grading Rules as established by the Western Pine Association.