Word: lumbers
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Dates: during 1940-1949
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...week's end one witness produced canceled Erie Basin checks for $18,000 made out to the Cumberland Lumber Co. One of them was endorsed by "A. J. May, President." No lumber had ever been delivered, no records for the company were available. But its home office was in Prestonburg, Ky., Andy May's home town...
When Senator Mead countered by releasing the testimony (which he called "wholly inadequate") angry Andy May took to the House floor to restate his case. He insisted there was nothing shady about Cumberland Lumber, denied that he had endorsed its checks as president, despite photographic evidence to the contrary. He was just trying to help some "small business concerns" get along...
...Canada may also help fuel the U.S. inflation she fears. Her biggest exports are lumber, wood products and paper-and the U.S. buys most of them. If Canadian lumber and papermen boost prices in U.S. dollars in order to maintain their profit margins, then U.S. manufacturers may have to boost prices in their turn, and there will be more outside inflation pressuring Canada...
Building materials edged up. Although wholesalers were holding their prices steady, they grumbled that retailers were already selling lumber at $2 to $10 per thousand feet above former ceilings...
...Pittsburgh, lumber was being bought at 30% over the legal price. Boston builders have to pay from $200 to $500 per 1,000 feet for oak flooring; ceiling price is $150. But the peckerwoods have plenty...