Lumber Industry Advised Curtail lnventories and Restrict Production

Washington, Oct. 27.-Commenting on the recommendation of the. Lumber Survey Committee to the U. S. Timber Conservation Board that lumber stocks should be reduced 4.6 billion feet within one year, the following lvas authorized by the National Lumber Manufacturers Association today:

"The committee points out the lumber industry is sufferir,g some depletion of its assets because of the low prices and restricted demand for lumber and that the correction of that condition is dependent upon the establishment of a reasonable balance betrveen lumber supply and demand. Lumber stocks have been curtailed 1.5 billions feet since the beginning of the year, but the committee finds that a further reduction of 4.6 billions feet is necessary in order to establish equilibrium. Hence it says :

"'That deliberate restraint of oroduction should be continued until the stocks of the industry shall have been reduced to a level reasonably commensurate r,vith economy and stability in the marketing and distribution of lumber.'

"Compliance rvith this recommendation, although painful, seemes to be the only .cure for the present situation of the industry. The demand for lumber will steadily rise in seasonal ebb and florv from now on. We have passed the low point in the economic cycle but the revival of the lumber industry is dependent upon restraint of production for some months to come."

John H. Mallett

John Holland Mallett, 75, president of the Kern County Lumber Co., with yards at Bakersfield and Taft, died at his home in Berkeley from pneumonia, November 2. Mr. Mallett, who also had extenJive oil interests is survived by his widow, a brother, a daughter and two sons.

r/a-tnch Unifom Thickriere3 Ply, Saaded 2 Sldcr

SIZES: Widthc, 32 and 4E lnchea-Lengthr, 5,

California Sales Agents

Anderson * lft'j$.+.Lumber Co. Prouty

Operating