Page 12, The Herald, Friday,

Oclober 4,

WIE

Lumber price steady

VANCOUVER ‘CH
Canada’s high-flying lumber
prices have not dropped as

Lad rmiiion ebte vene, Tut
Jamic Anwus, ao ecanumist
with the BoC. Couned af

ecllem hedge agains! in-
flation, he said,

‘The median price of new

starting (0 turn up,”” he suid.
“We negotiated substamial
sales to Europe and Japan

much as was cxpecled  baurest Pndusinees CORD, homes saldin the U.S, during — earlier, this year which
several months ago and saya ciew «oll surpuss that | the first quarter af (his year = shuuld carry us through the
British Columbia lumber gna nay roach ahinust Eg Was $52,700, more than 38 per winter.’

producers now are fairly pyiis a le agheoend of the. cent higher than in the same

confident they will come vpar, compared wale 2 quarter of 1975. ‘Thorsen says those sales

close lo matching last year's
record performance.
The lalest furecasts offer

oul bnars ‘asi ey.
Angus Canvas the uverall
ol baah WS Hare tales close to

Also, in the US. mortgage
Interests payments are lax

were al stronger price levels
than exist. luday and will
amount lu ‘everything that

iy

a encouragement = lo last. wears ond reduce deductible and depending ON vecan produce over the next al aT
producers, especially Wp pe whe dere than he bs bracket, borrowing few months.” . ey wae t.
; tegrated companies which ceyey sor cma during 1979. money for a home is an sie |
~ are seeing their pulp for- e have fue- excellent: way of at least COFT agrees with this :
tunes improve. funn dpe he SMR fa keep abreast Of assessment and its furecasts -
Lumber prices HUVO sper. itt cpt tram “June, 1ilation, show a slight falling-off in
remained remarkably igive saved abeve the $200 ven if sales slart lo ease, European exports this year,

starts in the United States -- : : vanily main . 4 aE rledcyey Ere REE merry TT Tl an
the major market for BO i... cfu pilates 18 here tn He says sales will slacken provement aed anne de TEELELELELELEL LTE PEED Ge eg itl Prd Bah =
Inmber—will stay at araund aay and has apparently during ihe winter, but adds “anadian housing starts ac- ae a .
the (wo million mark ane go eencod che Caer that prices that Northwood will partially clined ww a seasonally- FRIDAY tf Re ie He + maldnight 1
hually until 1990. tye hee wdag fe Bet any compensate with exports to adjusted rate of 196,600 units ae: asta AUN _— cca ano ata 1 eunzarrmancemnaananan .
There Were eartion  gheaper : . aiher markets. in ihe secund quarter, “ a6 4
forecasts thal U.S. housing ‘Seo chinkiuns now is) hat “Must foreign tarkels per Cent frum the [irst- vapeeeys i ter
> in ny ‘ if ; id Oe TE E ect
slarts could fall uff to abour bugis on house is an ex. wulside af the U. 'S. are quarter rate of 306,900. 4, HEC) a caste iy (pas)
s nee - ag on RA spe he ene Fog Sieh PER CEI OAC :
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constant in B.C. this year
and most analysts believe
any future suflening will be
gradual.

They agree there could be
a price drup late this quarter
or next year, bul the long-
range forecasl says housing

eyed far id thoesanc board
leer standard grade
- fxds tf

un nis Hone on
rihan we Houphe and
LS. vats au Hape 1B TER ES

; Agus.

x

West Coast producers say
the worst predictions of
street analysis may never
innierialize, ;

R, W. Thorsen, vice-
President of Northwand Mills
Lid, uf Vancouver, is equally
opimistic.

but an increase in 1979, It
says the Japanese market
will show an improvement
this year and next year.

The Canadian housing in-
dustry remains in the
doldrums and offers little
immediate hope of im-

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