SPECIALIZING IN GIUALITY HAR,DWOODS

FOR THE RETAIL tUI BER DEAIER qnd PTANING MILI OPERATOR

I..C.T. & DIRECT CARTOAD SHIPIVIENTS

IMPORTED HARDWOODS

Philippine Mohogony (Joponese Sown Srock)

Joponese Birch

Joponese Ash

Honduras l/lohogony

DOi,IESTIC HARDWOODS

Block Wolnut

Appolochion Whire Ook

Appolochiqn Red Oqk

Birch-Whire Mople

Whire Ash

PACIFIC COAST HARDWOODS

Alder Mople Birch

Representing Angelus in Arizons - Joe Tardy

Home Morfgcge Credit Funds Held Ample for '55 Building

Supply of home-mortgage credit, although tighter than early this year, is ample to finance a high level of building and buying through 1955, said J. Howard Edgerton, president of the U. S. Savings and Loan League, in a statement at the start of National Home Week, September 11. Prpspective home buyers with moderate down payments and ability to pay off mortgages reasonably will have little difficulty in obtaining financing, he declared, and labeled a "myth" the statemer-rts of some that there is a shortage of home mortgage credit.

Edgerton believed the adrninistration did right recently in boosting dou'n payments on FHA and VA loans by 2/o and shortening mortgage lengths to 25 years. "These mild restrictions actually will help since they work against rising building costs and higher housing prices that result," he said. He urged families buying homes this fall to secure home mortgages rvith a full "prepayment privilege," by which the buyer may pay as far ahead on the mortgage as he wishes.

$7O Million Notionol Forests Hqrvesl

The timber harvest from the national forests during the year ending June 30, 1955, was the highest on record, the U. S. Department of Agriculture announced. The total cut of 6,38,2D,000 board feet compares to 5,365,113,000 board feet cut during fiscal year 1954. The value of the timber cut in 1955 is estimated at $70,7&,440 compared to ffi5,Q7,4m for 1954.

f W0 I Ail I f Y I EA DEnS eyery store needs

The Origincl Crystol Clear Plostic Spcr-All purpose nqlurol finish in gloss or semi-gloss. Bequtifies ond prolects inside ond oulside.

Perfecied REDWOOD FINISH-Now fortified wilh oddifion of SRO-l0l {or greoter durobility. Also mode in cleor qnd colored.

These Redwood Finishes ore best by test. Contoins no Rosin. Mqde exclusively of heot freqied oils.

Yotes Opens Novoto Lumber Co.

San Rafael, Calif.-Gene Yates, lifelong Marin county resideni, opened a new lumberyard September 1 at Novato, Calif., to be called the Novato Lumber Co. He will make it a do-it-yourself operation, featuring flooring, roofing, 'screen doors, fences and plywood paneling. Working with Yates will be Bud West. The yard is located on the east side of the Redwood'highway north of Novato, occupying the former quarters of the Growing Lumber Co. Yates formerly resided in Belvedere, and West in Sonoma.

Union Tries Out Veneer Plcrnt

Fort Bragg, Calif.-Officials of the Union Lumber Co. announced that its new veneer plant was placed in a test run and initial results of the operation were satisfactory.

Bonking Acf Ghqnge Helps Conventionql Finoncing

Under a little publicized, highly important change in the National Banking Act passed in the closing weeks of Congress, national banks are now permitted to make 20year mortgage loans on up to 65%% of appraised value. Previously, except for VA and FHA loans, they had been limited to 10 years, ffi/o. Also, they can now make construction loans for 9 months, against 6 months previously.

The change in the law has already resulted in broadened home loan programs in a number of such banks. It should prove beneficial in helping more bank funds find their rvay into housing and in providing more flexibility for prospective home buyers not seeking an FHA-VA loan. Builders using conventional loans may wish to explore this.

Jt't -hbt tllonono Wuh Ut

you need your lumber today!

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EXPERIENCED PERSONNET

,IIODERN EQUIP'IIENT & FACILIIIES

FAST TRUCK TOADING ASSURED

STORAGE AREA OVER 10 MIII.ION FEET

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TRANSPORT TO ALt SOUIHLAND CITIES