TARGEST STOCK OF DOUGLAS FIR in Southern Colifornio

526 Oceon Genter Building

Phones: HEmlock 5-5647 o Spruce 5-3537

June Construction qt il.g Billion

The value of new construction put-in-place in June 1960 amountgd to $4.9 billion, according to preiimitrary estimates of the Bureau of the Census, U-.S. Departmerit of Commerce. This was 7/o above the May 1960 level, a smaller increase than is normal between May and June, and, 5/o less than in June 1959. The cumulative value of 'construttion expenditures in the first six months of 19ffi amounted to $24.5 billion, 3/o below the comparable 1959 total.

The seasonally adjusted annual rate of total new construction expenditures in June 1960 was $53.4 billion, about one percent under the May 1960 rate.

Total new private construction expenditures in Tune 1960 amounted to $3.4 billion, 7/o above the Mav 1960 level but 4/o less than in June 1959. Private resideniial construction expenditures in June 1960 increased,g/o from the May 1960 level. This increase was slightly more than the uruil sea- sonal rise and, therefore, the seasonally adjusted annual rate increased from $21.0 to $21.1 billion.

Residential e*penditures in'June 1960 were 9/o less than in June 1959. The cumulative value of private residential construction in the first six months of 1960 was $9.6 billion, 7/o less than in the comparable period of 1959.

-Nationa/ Forest Producls Week . . Oclober 16-22-

Millwork Seminsr Wirh Meeting of WIC in Scrn Froncisco, Ocl. 27-28

On October 27 and 28, at the Sheraton-Palace hotel in San Francisco, the Woodwork Institute of California will conduct a Millwork Seminar in coniunction with its usual Northern California general mem-bership meeting. The seminar will be a duplicate of the highly successful Millwork Seminir held duiing the 9th annu-al meeting of W.LC., attended by some 280 lumbermen and architects at the Ambassador hotel in Los Angeles, April 7-8.

o Douglos Fir in sizes 24' x24" o Plqner copocity for srrfocing lo 24' x 24' focilities for resowing lo 34" x34'