IN MEMORIAM

It is with the deepest regret that the Earl Hofiman Company announces the death of captain $Tilliam A. Magee on october 2, tgfl, ar san Jose, california.

Willits MilI Hcrs Plenty oI Logs To Ccrry Through Year

Willits Redwood Products Co., Willits, Calif., lost four million feet of logs and 250,000 feet of lumber in a fire on August 31. The loss r,vas estimated at g175,000, all co.yered by insurance.

The management has announced that in spite of this loss the mill has plenty of logs to keep their operation going through the year.

Great Slump in Furniture Mqrket Seems Ended

Reports from both manufacturers and dealers in furniture who attended the recent furniture show in Boston, indicated that the nine months old slump in furniture sales seem to be over, and fall buying is greatly on the increase. There was a very healthy atmosphere at the furniture show, prices held firm, and while sales were not large, they were steady and general.

Big San Jose Lcrdder Plcrnt Burns With Loss oI $500,000

Fire of unknown origin destroyed cornpletely the Larson Ladder Company's plant near San Jose, Calif., September 7, causing damage estimated at 9500,000. Fifteen workers on the night shift escaped from the building just a few minutes before the walls toppled in. The night workers discovered the fire burning in an air compressor shortly after reporting for duty. The walls crashed inward 20 minutes later.

Pacific Logging Congrress Will Meet in Victoric

Victoria, British Columbia, will be the host city to the annual convention of the Pacific Logging Congress, which takes place in the famous Empress Hotel on November 5,6 and 7. All business sessions will take place in the hotel. Elaborate preparations are being made for the entertainment of the visitors.

Fred B. Brown, of Vanwest Logging Company; Norrran English, O'Brien Logging Company, and R. J. Filberg, Cornox I-ogging & Railway Company, make up the committed on arrangements.

Mortgcrge Bqnkers Predict Slump In Home Building

The Bankers Mortgage Association of America, holding its annual convention in San Francisco during the middle of September, was of the general opinion that there will be a further drop in home building in 1952, because of a continuing shortage of mortgage money. Since these are the men who supply so much building money, they speak with considerable authority, although many of them admitted that they might miss their guess to some extent.

They said that the scarcity in house credit stems largely from the Government's withdrawal of support last spring from the prices of some Government bonds. Mortgages insured by the VA and FHA have suffered most because their interest is fixed at 4/o and, 4l/o, respectively, againsf rates of afi/o to 5/o on "conventional" home loans.