Season's greetings from Mike Coonan

Bill Johnson

Don Muller

Larry Hansen

Walt Hiort

John Polach

Hal Rolff

Lionel Stott

Ruby Spoor

Ethel Yizzard

Lori Rucker

Virginia Cook

U.S. lmporters Worn Joponese

In a statement to Minister of International Trade and Industry Takeo Miki, American importers of hardwood products cautioned that the direct selling of Japanese plywood by Japanese trading companies in the United States will further reduce the already declining share of Japanese plywood in the American market.

The Imported Hardwood Product Association advised Miki that Japanese strength in the American market lies in specialty products, such as printed and prefinished Lauan and fancy and native plywoods. The sale of such products requires more time, efiort and money than the standard plywood items.

No importer, the IHPA stressed, is going to spend that extra time, effort and money to promote Japanese products when he knows that as soon as he has developed a new customer for such products, the new customer will be sought out by a Japanese trading company and offered better prices or terms than the importer can give.

Public/Privqte Money Source?

Housing and Urban Development secretary Robert Weaver has stated that the nation's housing and mortgage needs in the next decade present a "staggering challenge." He indicated that HUD is searching for new home financing methods to meet future howing needs, and estimated 2I.4 million units (approximately twothirds one-to-four family units) would be needed over this period. He estimated the cost of meeting this need would be $300 billion.

It has been reported that HUD is investigating the possibilities of a new public-private housing development corporation patterned after the Communications Satellite Corp. The Comsat approach, with a new separate corporation capitalized with funds from both public and private interests, would place primary emphasis on moderate to low-income housing.

Weaver urged mortgage bankers to assist in finding ways to make more mortgage money available from such sources as life insurance companies, private pension funds, and individual savings since these groups generally have a more consistent flow of sar"ings than savings and loan associations and banks,

New Mexico De<rler Celebrqtes

Bosque Farms Lumber Co. of Belem, New Mexico awarded five door prizes to lucky registrants who helped celebrate Bosque's first anniversary in October. The celebration lasted the month.

First prize was awarded to Louis Redden of Albuquerque, who took home a cast iron portable barbecue,

PIaned Fancy

Back from his latest buying tour any finished detail...fromany type beonthe roadagain...todeliverto around the world, your man from of soft or hard wood, domestic or for- your door. Penberthy is at home once again. At eign, Penberthy is at your command. For the plain truth about fancy finheadquarters, he is working in one of Because the wood is kiln dried right ishing, call us. the hisoeqi ancl hpsi eguipped plan- here in our Los Angeles yard, and being, door jambs, drawer sides...or, piece of lumber' fancy moldings and furniture iegs. . And when the job