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to dealers, and our plans both operations and sales," call for continued expansion said Bill Smith.

Mid-Yeqr Industriql Growth Gontinues in Upwqrd Trend

Mid-year capital investments in new plants or expansions in Los Angeles County rose to $88,27I,525 during the six-month pefiod ending June 30, nearly $3,000,000 ahead of 1958. Harlan Holmwood, chairman of the Industrial Development committee of the Los Angeles Chamber of Commerce, hailed the continued upsurge as "additional testimony to the economic vigor and dynamic nature of the local area." He said the expansion of local indtrstries accounted lor $77,417,200 of the total growth "reflecting the basic fact that industries like the Los Angeles area as a base of operations." New industrial plants have made up $10,854,325 of the total activity thus far in 1959. "With the steadily increasing tempo of industrial growth here, we feel confident that the $200,000,000 capital investment year predicted earlier is within grasp," Holmwood added.

A tot;il of 7,630 new jobs tn 215 separate businesses have been created to date by the announced expansions and new company plans, he continued.

Holmwood singled out several growth announcements by local companies as "significant" examples of current industrial expansion patterns. Included among these were American Forest Product Corporation's new 130,000 square foot facility in Santa Fe Springs.

He said another factor observed during the past six months has been the growing maturity and national recognition of business firms in California.

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