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L.A. County Construclion Continues Aheod of '58

Total valuation of construction in Los Angeles County during 1959 continues to maintain a decisive margin over comparable figures last year, reported the Los Angeles Cl-ramber of Commerce. President J. E. Fishburn, Jr., citing figures in the July construction report compiled by the Chamber's research department, stated that building activity for the January-July period is ahead of '58 by 6.I/o.For the first seven months of 1959, total valuation hit $864,970,500, as compared to $814,372,000 a year ago.

In comparison with the average month, the July 1959 total of $121,026,371 is good, Fishburn pointed out, but doesn't compare favorably with the all-time, one-month high established for Los Angeles City and County in July 1958, which was $165,072,200.

Other seven-month figures reported by the Chamber show 1959 ahead of '58 in residential valuation, number of dwelling units and number of single units. The only compilation category to fall behind '58 for comparable JanuaryJuly periods was in the number of multiple units.

Residential valuation was up 2.7/o, from a 1958 figure of $375,326,900 to a current $385,493,200. Total number of dwelling units rose to 40,220 from last year's 39,381, an increase of 2.1/o. A big jump was experienced in the number of single units as 78,937 were recorded, corhpared to 15,116 last year, a 25.3/o rise. Multiple units were down 11,.1% from the 1958 total of 23,935 to a current figure of 21,283.

For the single-month comparisons, July 1958 was ahead of last month in all categories with the exception of single units. The number of single units recorded a year ago was 2,335, while 2,832 were recorded this Jrrly.

Residential valuation was down 26.7%, from $68,352,900 to $50,755,741. Dwelling units were down 51.5% lrom 7,470 to 5,030, and multiples were down 57.2/o, from 5,135 to 2,r98.

Boiley Lumber Compony Adds Novoto lumber Co. to Choin

In a joint announcement, Henry Bailey, president of Bailey Lumber Company, and Fred Kelleway, executive vice-president, announced the purchase of Novato Lumber Company, Novato, on September 1. The Novato yard, formerly owned by Henry Hess Co., of San Rafael, will operate under the name of Bailey Lumber Company and will be managed by Gordon Livingston.

The acouisition of chain to nine Northern Novato Lumber brings the Bailey and pqrchasing office rn California vards. with headouarters Walnut Creek, California. -

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