Business ThoughtsFrom Bankers Convention

Various thoughts of interest to all business men came from the annual convention of the American Bankers Association held in Detroit the last days of September.

Figures presented to the meeting showed that the banks of the nation are now lending to business more money than ever before; a total of more than fifteen billions being reported by 441 banks in 94 American cities. It was generally agreed among the delegates that the time has come to tighten loans to business, scrutinize borrowers more carefully, and check more thoroughly on large borro\,\'efs.

A banker from Portland, O:egon, brought the Northwest lumber picture into discussion. He thought a quick drop in lumber prices would make the Northrvest bankers the owners of many poorly financed lumber operations, with the present "soft" price situation prevailing in that territory.

Mr. Joseph M. Dodge, tl-re President of the ABA ex-

Wins Softball Chcmpionship

The Or.ban Lumber Company, Pasadena, softball team won the championship in the Owl League and was awarded a trophy. The play-off game was a thriller, going twelve innings, with the Orban team winning. Woodrow Hughes was captain of the Orban team.

pressed the opinion that inflation may have run its course in the nation generally, and gave nine reasons for thinking so: evidence that urgent demand for many products is over; consumers being priced out of various markets; appearance of overproduction in some areas and industries; declining exports; less pressure from Europe as crops and business productions increase; bumper crops at home; a decline in the rate' of savings; a drop in the unit volume of sales; pressure on the money supply by rising domestic production and high prices.

He named as continuing inflationary elements in the situation the unsatisfied markets for motor cars, steel, housing, and manpower He placed the blame for inflation entirely at the door of the. Federal Government, saying the Government has generated inflation continually lly its easy money policies, said the Government could reduce inflation by a strong deflation policy with regard to the budget, loans, guarantees, and subsidies.

Moves To New Loccrtion

W. B. Jones Lumber Co., Los Angeles, has moved to a new location at 5036 Long Beach Ave. The site is 110 feet in width by 530 feet in length. A new office building has been constructed.

We are plnased to anrwunce that we now carry a cornplete lirrc of MASONITE hardwood products. From time to time we add. naa lines...nan materials... but, as in this case it wiII ahrarys be the best... lYow M ASONI TE...along with "The best in Plvwood and Insulation" at