PTDRTXSS TUMBNR CO.

Moiling Address

P.O. Box 2383, Terminql Annex los Angeles 54; Colifornio boosted mill stocks to about 2191 million feet, up 413 million feet, or 23/6, from the rather inadequate stocks a year ago.

"There are strong: indications that the industry is now going tbrough the trough of the current slump, with mill shipments less than actual lumber use. While timing of the upturn may be difficult to pinpoint, groundwork for it is being laid.

"Housing forecasters all except home building to increase later this year, in spite of uncertainty as to housing legislation. The number of units started during the first four months was otr 2lVo from the busy first four months of 1959, according to revised Census llureau figures. The comparison improved slightly during May but the number of starts still was LTrkEo below last May. With consumer income at a new high a.nd mortgage money showing signs of loosening, housing is expected to start climbing by late summer.

"Consumption of pine woodwork has receded right along with the volume of home construction. At such times the manufacturers and distributors of stock woodwork are inclined to reduce their own inventories, knowing they can be replenished on short notlce. This causes a drop in the demand for factory grades of lumber which is much sharper than the drop in tlre use of woodwork. Right now it is responsible for much of our industry's accumulation of stocks.

"Other temporarily bearish influences are the recent decision of the Interstate Commerce Commission which will reduce the number of cars of lumber in transit and the abnormally low price of plywood sheathing that is competitive urith low-grade sheathing lumber.

"Liquidation of millwork inventories and surplus transit cars both tend to curtail current demand but. once the corrections are made, should cause orders for lumber from the mills to be much more responsive to actual lumber use. doog, lr rodwood tolc,t plac fre plywood codan chokat pondetom

"Based upon the above factors a.nd all other available information upon prospective demand, it seems probable that, during the , third quarter of 1960, shipments (consumption) of lumber from the Western Pine region will approximate 2400 million feet, or about 6/o below those of the third quarter of 1959. T'his would be at about the same seasonally adjusted rate as actual second quarter shipments."

He Gove Her The Choice

Wife (at breakfast): "Could I have a little money for shopping today, dear?"

Husband: "Certainly. Would you rather have an old five or a new one?"

Wife: "A new one, of course."

Husband: "Flere's ths sns-l'rn four dollars to the good."

-Nalional Forest Producls Week . October 16-22tlystery

What is this thing that men call death? My friend before me lies; in all save breath fle seems the same as yesterday. His face So like to life, so calm, bears not a trace Of that great change which all of us so dread.

I gaze on him and say: He is not dead, But sleeps; and soon he will arise and take Me by the hand. I know he will awake And smile on me as he did yesterday; And he will have some gentle word to say, Some kindly deed to do; for loving thought Was warp and woof of which his life was wrought. He is not dead. Such souls forever live rn boundless measure of the love they give'me B. Bell.

-National Foresi Products Week . October | 6-22Diplomocy

Forgetful Husband (to friend): "I want you to help me. I promised to meet my wife at one o'clock for luncheon, and I can't remember where. Would you mind ringing her up at the house and asking where I am likely to be at about that time?"

-National Foresl Products Week . October 16-22-

A Gentlemon

A man asked to define the essential characteristics of a gentleman-using the term in its widest sense-would presumably reply: "The will to put himself in the place of others, the horror of forcing others into positions from which he would himself recoil; the power to do what seems to him to be right, without considering what others may say or think.-John Galsworthy.

In the Hills of Kentucky

Salesman: "Say, your shoes are mixed; you've got the left shoe on the right foot."

Strawfoot: "And here for twenty years I thought f was clubfooted !"

-Nafional Forest Products Week October l6-22A Creed

I believe in boys and girls, the men and women of a great tomorrow, that whatsoever the boy soweth, the man shall reap. I believe in the curse of ignorance, in the efficacy of schools, in the dignity of teaching, and the joy of serving another. I believe in wisdom as revealed in human lives as well as in the pages of a printed book; in lessons taught not so much by precept as by example; in ability to work with the hands as well as to think with the head; in everything that makes life large and lovely. I believe in beauty in the schoolroom, in the home, in the daily life and out of doors. I believe in laughing, in all ideals and distant hopes that lure us on. I believe that every hour of every day we receive a just reward for all we do. I believe in the present and its opportunities, in the future and its promises, and in the divine joy of living.-Edwin Osgood Grover.

National Forest Producls Week , October 16-22In the Gow Country

"I believe in calling a spade a spade."

"That's right, friend," replied Bronco Bob. "There was a man here who nearly lost his life by tryin' to call a spade a club."

-National Forest Products Week Oclober 16-22Romqnce

The old idea of romance: The country boy goes to the city, marries his employer's daughter, enslaves some hundreds of his fellow humans, gets rich, and leaves a public library to his home town.

The new idea of romance: To undo some of the mischief done by the old idea of romance.-Seymour Deming.

-National Foresl Products Week October 16-22Bridge Hu,mor

"That argument you had with your wife last night when you trumped her ace was most amusing."

"Wasn't it, though? And when she threw the axe at me I thought I'd split !"