wooD SLIDING GLASS DOORS

Outstonding Soles Feolures:

Wood permits doors to be finished noturol or pointed to molch interior trim.

Welded Steel T-sections on oll Sides Prevenl Worping ond Give Slim Look.

Aluminum Sill Protects Exlerior Side ogoinst weqr but prevenls condensotion.

Stoinless Steel Weqtherstrip ond Polyurelhqne Foom ot Interlocker insures

Weothertightness lilerqlure ond Detoils on Requesl o o

Wood Ponels in Lower Holf of Door ovqiloble when required.

Self-Closing Screen on Nylon Beorings Con Not Derqil.

Removoble Troditionolor Diomond Mountings Provide Multipone Effect.

Doors ore Prepdred to Receivel/q" Plofe or s/e" or l " lnsuloling Gloss.

MR.

Willih

Builders Money Shorfoge Plon

The president of the National Association of Home Builders has advocated a four-point program for the federal government to ofiset damage being done to the housing industry as a result of the shortage of mortgage money.

Larry Blackmon called for:

(l) Congress to increase the purchasing power oI the Federal National Mortgage Association and provide the necessary funds so that it can better perform its obligation to come to the aid of the private sector of home building in the time of crisis.

(2) The Congres to place a 4lz7o ceiling on the lower priced, individually purchased Certifi cate of Deposit.

(3) The Congress to empower the Federal Reserve Board to purchase obligations of the Federal Home Loan Bank Board and FNMA.

() The Administration to increase the Federal Housing Administration's interest rate from $s/n/6 to 6Vo.

Such steps are necessary, Blackmon said, because repercussions of the money shortage are already being felt by the general public and will undoubtedly become more acute. He said a new survey of builder members of his association showed that BO/p of the respondents are having to cut down their operations by an average of 35Vo.

'oProjected to all our builders," he said, "this figure would mean a reduction of a quarter of a million units in the nation's supply of new housing in the next 12 months." Builders. he said. are cutting back on their labor forces.

Mortgoge Money Source Suggesled

A "joint mortgage lending program" by the building materials industry would be a partial solution to the current residential mortgage problem, Gene C. Brewer, of U.S. Plywood Corporation has suggested.

"Companies and individuals with a stake in the prosperity of the construction industry could form a lending corporation which would provide supplemental funds to primary mortgage financiers, permitting them to make loans up to 90 percent," Brewer said in an address to the 45th annual meeting of the Producers' Council, Inc.

The plywood executive said these loans would ooassure a continuous flow of money to eligible buyers at rates and down payments they can afiord. The plan also would serve to increase the business of traditional lending institutions."

Brewer said that the lending program is only one of several rem,edies that industry officials are considering. Another is the possible use of the industry's pension funds to help in the financing he said.

If the primary lender was restricted to loans of not more than 75 percent, the new corporation would provide funds for the additional 15 percent," he noted.

'oThis would not be written as a second mortgage, but as a single mortgage loan. The borrower would be required to pay only one quarter of one percent additional to obtain the high ratio loan."

Building Moteriqls RR Cqr

A new type of freight car, specially designed for the shipment of plywood, lumber, gfpsum board, pipe, structural steel and similar building materials, as well as other lading usually carried on flat cars, is now being demonstrated to railroads and shippers by Evans Products Company. Evans' 100-ton Building Products Flat Car is equipped with movable, self-locking bulkheads, HydraCushion sliding sill underframe, a unique new deck design with convertible sections that form load-bearing pieces, and chain tiedowns that are adjustable lengthwise and across the car. The car is thus &simed to fit the load.