The Clinton chronicle. (Clinton, S.C.) 1901-current, May 10, 1934, Image 2
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The Qintop Chronicle,Xlinton, S. C^ Thursday, May 10, 1934
Lumber Prices ’Not Advanced In
^ Prc^iiion To Other Materials
1’
By JOHN H. McCLl RE. --
Chief, iWvision of Costs and Prfces Lumber Code Authority,
(In The Southern Lumber Journal for AprilJ
to a question m
if $500 were available, 684 farmers .mean twenty billion feet for the year,
^would r^air and replace, interior-a.s ag-ainst thirteen billion for 1933
:wall6, ceilings and floorsr S^O w'ould and teii billion for 1932.' < •
|dc^ the same .for exterior walls, 3331 Through its recently* enacted
wanted porches, 231 roofs and- 447 yjgjQjjg fgj. grade marking of its
would provide additional rooms. products the industry has enabled
In one Qklahoma ^county 1825 h®u.«- ^ven the buyer who is totally unfa-
Comple,le iniliar with lumber or timber prc»d-
to purchase his requirements
an absolute certainty of getting
(►
(*
e.s were surv
Washington. D. C.—most of those“'the price increases during 1933, lum- j)lacement was deemed nece.ssary for yets
who have rushed, into print with criti- ber manufacturers are. .still . losing '475 roofs, 336 interiorr^^all.s^and ceil- with
eisms of lumber prices during the money, for the average co.<t-protec- ings, and 342 floors. ** The same was ^xactlv what he orders. By its under
last few months seem to have the tion price.- for this species, apjiroved true of doors and windows in 349 takings with respect to conservation
mistaken new that a compari-«xin of by the Lumber Code Authority at its J^ous^s, and'of exterior walls in'218. and sustained yield of forest resources
'markets should be based upon the dis- February meeting, ab.sorh only $25.Gy Cyrrt^onding repair.s were needed in the industry has arranged to per-
tress prices quoted during the lo^’ <if the average cost. This co.«t figure, aHput dbuble these numbers. .Addi- petuate the services it performs for
point of the depression. An impresl after deducting certain items Which tional .^q^ace to the extent of 77 front jt? customers. There is little question
sion seems to prevail in some quarter*. mu.st be expended but which never- or side porches, 479 bedrooms and put that they'will be glad to pay the
that ju.st l>ecause lumber manufac-jthelj^s are prohibited by the c(ide i()3 workrooms; is needed. As to moderate prices now being asked
turers were in a position where they from being included in co.st-j>roduc- what they would do with $500, 234 lumber and '^^imber products,
had lo lose from $5 a thou-and up- iti-n schedules,^s_$2;).9K. . would repai;- interior walks, doors and —:: ^—
rooms, and 5^' porches. 1^ answer ^1934 at a rate which, if maintained ■
to what woiud be done throughout the twelve months, will'
B. D. HENRY . ^ F.
hTd. Henry. & Coivfpany
/-.■
M. BOLAND
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STWKS
INSURANCE
BONDS - REAL ESTATE
4'-
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2
2
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♦
2
♦
2
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4
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LOANS NEGOTIATED
♦♦4
for
ward in order tb keep the;r jilant.- .An increase in volume' of busines.s ceilings, 206 would do the same
and
for
192
NOTICE OE U4ST CERTIFIC ATE
operative, the'ir workers emptbyed. sufficient to materially reduce over- exterior walls, 179 for roof.'*
and their frKed-ciuuges-paid^ per thousand feet, is 4h^ would add additional roojn*^ j take-notice that Certificate
in some prixlucmg st-ates, almost con- only thing which will enable the indu.s- ' Ready Fur;Demand - 'No. 793 SeneS of the Citizemr-
fiscatory taxes on standing timber— try to stop lo.ss and to pay the in- That the lumber industry is aware i onn Association and-
they should be .willing—and able— creased costs of forest oi)erations of the desire of the public for its prod-.^^.y^j^^ certificate was i.ssued to and
to continue indefinitely selling at mandatory . _ ucts, and is confident that credit fa;,payable to the undersigned,-has been
price.- below cost. That the lumr>er industry has leaned cilities wdJl be made available during
The Real Reason
backward in its endeavor to deal fai/ly the
year, is shown by its desire to
or destroyed, and that applica-
will be
... I . . , . - . made to the Citizens
The real roa.>oB whv lumber jjrices consuming pu ic ^ maintain adequate stocks, for the ^a- ^nd Loan Association for a
apparently f ^
1933 was becau.se there had been such pine, ber (ode Authority has authorized certificate on June Ist. 11134. '
vears preceding. A glance at the increases in cost made production during the first quarter of 5.3MARY DILLARD.
' . •; ,,.00 J .u necessary by the code, wholesale :
a preciptiou.s dro|> in 1932 and the . r nl 1 r ^ u 1 1
price mdex-fifurt-.- of the Ifepartment P""® f Hollas fir and hemlock TO THE CHRONICLE
of XahoPk Bureau of Stlt«ktl0k-wiil .-The Paper Ever,M, Read,"
CASE77
Modern Farm
' Machines
FOR SALE BY
CLINTON Milling co.
PHONE 300
1
prove thi.-. V. ;‘h 100 representing
price.-* in 192o, ' lumber dropped to
55.5 in August,J1932. The figure for
1932 us a whole wa.- 58.5. The price
index for all building materials com
bined foi that year was 71.4. Lum
ber. at 5s.5. wa.-* alino.st solely respon
sible for thif^ low average of 71.4,
as other materials remained at rela
tively high levels. Brjek and tile had
dropiK-d oniy to 77.3, cement to 74.2,
while -truc'.u'a. -tee! demanded, and
- rori; ji * a ri#ex.i--i4-—Xha ij..— oC 8U,9.
De-jHte the
price? -during
>tepcii:ld of
,.(> __
advances in lumber
liUti, remained the
the building material
fieitl. in.-ofar a? price wa- concerned.
.Although the geneial average rose
to 77.0. with bnck and tile
"S6.1, structural
to 83.1, Iuml>er
iv. :
ty p-i a
d'l'pjH i •
I-.-
Cl »?ii‘r
;!iev y
imn: ly
pt.Ct- it'
f.
■ar
. ;U
' 'nt
'■ I'
f-tag*
P’iCe-* :
impro\e t
Io.-*s; dep.t
those wh<
tinued.
Then came
?'
code approval. Maple flooring has
gone up only 9.1 per cent, oak floor
ing 4.9 per cent. Western ])ine 14.-
9 |>er cent, and Southern cypress an
almo.st imnokiceable nine-tenth.* of 1_
per cent.' *
('o8ta of Distribution
The foregoing applies to wholesale
or f.o.b. null prices. The XRA has
pre.scribed a pricing formula for
those subject ty the retail lumliei*
code under the tt rms of w hich they
the <-«st.-}irotecLi on p rice'
and the freight a purtiorr of their cost
of selling and administration. This
vanes from TK*lo 2.5 per cent, acctird-
ing to the ilifference in these easts in
variuu.- trading areas. The east .^of
ai 79.2. handling and delivery, varying from
steeF re- ^4.Me a thou.samk, - according
increased labor zone?, are ttien ad ic I to de
termine the ininiinum reig., selling
price. ' "
Wh;If“tTtis a faii’iy well-known fact
that inaiMlity to obtain projier finan
cing ha.- kept thoti.saiuis of prospec
tive low-cost home builders fioni
-tar'ing con.Ntruction, the claim has
been made that the price yf lundx'r
ha- di-Vourgaed building. 'I'hat'this
1 un* ue - leadily shown, for the
pu* c indeed willing and anxious
to bTiyu.uiuiM---i.---«^. today’s prices w hen-
♦-\er It can find the funds to pay for
1* Tin New York Times’ .Analyst
index of gen**ral busine-.- activity
stomi at »■* -.1 in .January, 1'.'33, with
the f g’u e for lumber at “lil.7. .Al
though the general figure had ad;:.
\anced only to 69.S by Dvceiiiber i>f
that year, luinlx'r had gone to v*’.6.
The fact that a desire on the part of
lumber manufacturers to lose less
money had not d.scourageil public
patronage is shown in repoits of new
••u-ine.-> made to the .National Lum-
t>er ManufactUrei's .A-sociiLliJJiu which
>erv« - a.- tile statistical agency of the
Lumber t'ode .Authority.
.3IM .(MKi \\ant to Build Lo.\ Cost
Homes
But ie.-' pro-aic i'!tu.-l rat ions of the
•.It-'—-e Ml. .he pa»: of tho puhlic to
:y lumU-i at today's juice? are noi
ha'-i't;. f^nd. Tile 'National !.umber
Mattufa* t JVC! - .A>-ociatU)n recently
sent a q iC't < nnaue lo relu:i lumber-
no'ii ah ever tin* countiy. and a ina--
of • lepi.e-*, rect-ived from <''<''3 coun-
tie? ;n d"* show that there aie
over eOU.lKi'i |»iosi>ecti\e small re.si-
deiue owner?, jiossessed of a lot or
s'-rile ca-T; or biTTh, who are waiting
niy !.e a.iequate financing to liegin
budding. Also awaiting moderate
and con-ervative financial aid are
proiect- involving 2.>6,(n»0 farm
building.-, and 35,()00 small business
structures—not to mervlion,reinodel-
se of 64'8 per centrin'the without number.
No First Mortgage Money
Se>\enty-three jier cent of tho.se re
ting iieclaie . that no first nv^-'
money is to be had in their
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cement at
Umnding
only to 70.7.
Prices l>i upped Before Depremtion
The s‘’uation for lumber marufa''-
tuier- wa- aggia\aled by the . fac'
that they had not enjoyed the fat
year- p'evious to the (fepre.ssion, a?
had tiio-e n o’hei; building matexsal
imiu.-:ne.-. f'v»! the mdico,- covering
the year? oe'weeii l'.<26> and l93t> how
a constant dei'rea.?e in piiee with
juacticaliy no decrea.-e in cost of
manufacture. By 1931 the a.erage
selling price of Southern yellow pine
which I? fairly indicative of the in
dustry a.- a whole, had fallen lo $1".-
;>5. with tile Lmi-of?j*ocket cost of
jiroduction at an average of $23.03 -
a loss of nearly five dollars on eakl.
thousand fi*et of timber produce<k
\Vith'''h-e further apjireciable decrease
in costs, selling prices in 1932 drop-
jH'd to an average of $14.68 for the
year. w:th a low of $13.>'^ in July.
The Iaiw Figure F'ur Pine
’'u ".g -lanuai v of 1933 the average
To The
rn
<w ?
.Southern Pine, again
industry as a wh*de.
ruinous figure of $1.'’.-
.<e mi'Vemen's -e? * h;-
fi-r the tdianjjfe wh,.h
a Concerted m^xe-
ay*r.- r** force ct»mmodt*y
.• wn f -r the eiir'oce-l ct--
.-atum of e;>f-= a**. .11? i«y large nun." -r-
of manufac'J!ei ? reduced s'cK'ks t a
point wh.xh. w 'll 'he business fi.i'iy
of the se .-nd 4 ,i-.rte!- of 1933. cau-e i
mj'v o. Hut they did nut
a JK* nt w hich would'step
: vu*'; of tlu- eajutal as.-ets ef
endeavored to operate con-
ihe lumlter cihie. wh!*'h
fo.ci-d n anufact urers to increase
J-j. .
many wa^e'rate? from the depres
sion low? of a.s much,as 200'per cent,
with a general average increase of
45.27 per cent in the hourly rale of
pay, and a raise
average weeldy amount of lowest
wage».zpa.d- These percfinlages__ai:g
based un a comparison of Sepremt>enr."1“^
the first full month after approval
of the Lumber Code, with July, the ^rade territories, while dS per cent
tot full'moniK prior r^poft aUmited amount available for
Was it"'to be supposed that; manufac-■ varying from-itf per cent to 50
turers" who were losing money at the P***" cent of a conservative appraisal.
time the code was put into effect could ^ P*^’’ however, report
availability
pay these increased costs and remain ready availability of adtHjuate first!
in business without receiving some :n- 'ni*>rigage funds, w’hile a meagie
crease in the price of their products? eight-tenths of one per-cent find it
Full Cost Pratection Not Given possible lo get second mortgage loans
But in demanding an increase, from dea.er-managvd coinpanies.
Dealer
increase,
lumber-men did not by any means l^*^***^*"^ in 124 counties rejiort no ac-
ask for full protection... It was|felt 4ive lending institutions of any na-
that by continuing a slight loss they, lure. Jhe value of the jobs varies
could pay code wages, pay the m- t,>OU to 5^11,000.
creased costs incurred by their obli- < WA Surve.v of Farm liuildings
gallon to the President to inaugurate Gvvernmental co'-'-nnation of this
and pra-::;ce con.servation and sus-' desire to build and remodel c^mes
tained yield of fore.-t resources, in the from the farm housing survey re
hope that the improvement in has:- cently begun by the I'ivil Works .Ad-
ness in 1934 would eventually put min;stration_--which intend.s to cover
their operations on at leaat an even 300 cotincies’ The first reports made
keel. This is shown by the manner public are extremely interesting if
in which the various branches Of the for no other reason than showing the
industry presented minimum cost- marked similarity^of building hope
protection prices,,^subsequently . ap- oh the part of farmers in wideJy-sep-
proved by the Lumber eVide .Authority, arated localities. In any event, they
Sales .under these price* during the,,indicate that the present prices of
closing months of 1933, together with lumber have in no w ay dampened
the spontaneous increase in the sec- their ardor for its well-known bene-
ond quarter of that year, pulled the fits.
average for Southern pine up to only In. Rockingham County, Virginia,
$9221, while the average cost had where 3.346 homes were surveyed,
kajped to $27.16. 'It is true that the complete replacements were needed
low average price of $19.21 includes for 517 interior walls and ceilings,
all of the year, with the low prices,319 exterior walls, 319 floors, 264
prerailing during the opening months, doors and windows, and 261 roofs,
but this is also true of the average with about the same number of houses’
«oat. IL-ri- *"'■ -needing corresponding repairs. Ad-
' Still X^SSSkifltkm^j ' I ditional rooiM needed included ' 227
Btkking to Southern pine as an il-|b^rooms, 162 dining rooms, 118 sto-
bmfnwina irt fild tfcrti <rf lmE.^-pgidticej ' 63 ■ #
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While you are congratulating D. E. Tribble
Company on the completion of forty success-
ful years of business in Clinton, we want to con
gratulate you on having in your community this
substantial and reliable establishment to serve
V ' • . - ■ ,
you- . “7
'4-.,
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When you buy Sewer Pipe, Flue Lining,
Drain Tile and Fire Brick from Tribble’s, you
get the best that Tribble can buy. Tribble fur
nishes you with Lee Clay products because they
know that LEE Pipe is made from the same
kind of clay that we use in making Stoneware
Jars, Chums, Crocks, and Chemical Ware. This
means that you get Genuine Acid-Proof Stone
ware Pipe from Tribble.
Wbm you buy Rue Liiung from Tribble you
get LEE Rues made from High Refractory Fire
Clay and LEIE Linings WiU last as long as the
house into which they are built will last.
/
LEE Drain Tile and LEE Fire Brick are the
best that can be bought, and so while you are
4
congratulating Tribble, we congratulate you.
Lee Clay
Clearfield,; Rowan County, Kentucky
1
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