TWIN HARBORS I.UMBER GOMPANY

mortgagcs and lft/o for tl.rose of lesscr marketability. Commorr stock subscriptions remain at 2/r, of the unpaid principal amount of the mortgage solcl to the Association. New prices for standbl, courmitrnents werc also annottnceti by the agencl'. Tl"re Association u'i1l issue stanrlby corlmitments at 94 for Sr/ac/c r.rrortgages, 92 for 5ft mortgagcs an<l 90 for 4f/a mortuages under its Secondaly l\Iarket Operations progranr.

nIr. Baughman also said tirat stan<lby commitmcnts tor lftc/o r-nulti-family housing rnortgages will be issued at 91 but that over-the-counter purchase prices for these mortgaecs u'ill contintte to be negotiated on an incliviclual basis.

DonGow Joins Hexberg

Eric Hexberg, l'readman of Hexberg Lunrber Sales, Pasaclenu, annolrnces the appointment of Dol Gon to the sales staff of the r,vholesale lumber firm. Don has been orominently identified in nholesale lumber sales in the Southland since the close of \\rorld War II. He resides in the La Canada district r-rf Glendale and Pasadena n'ith his family. He is active in civic and sociai affairs of his community and is one of the members of the executive policv sta{l- of Los Angeles Hoo-Hoo Club2.

"We are gr-ring to expancl our sales potential throughout all of Sorrthern California" ancl u'e believe the appointment of Don Gou- is a step in the right rlirection," said Eric Hexberg.

The U.S. Dept. of Agriculture announced appointment of R. Keith Arnold as director of the Forest Service's California Forest and Range lixperiment Station (Region 5), succeeding I)r. George M. Jemison, rvho transferred to the USFS's \\rashington, D.C. heaclquarters July 1 to become Deputy Assistant Chief for Research.

Jaywalking was costly in the U.S. in 1956-3,170 were killed.