El Paso herald. (El Paso, Tex.) 1901-1931, 1919-09-04
Total expenses eof commission.
actual and estimated 5000. 81. sos, s7t
To Closely Scrutfulze II.

10 10 1910. That applies to the do
nestle trade. Europe and South
/ America are looking TO US to supply
Z their increasing demands.
The war destroyed more than 90
{ 600. 600 acres OF timber lands through
/ shell fire and. out OF the 1852 mills in
: Russia before the war. all except -
/ have been dismantled and destroyed.
I The q remaining mills are in the
! ArchanEel territory and outside OF the
( Bolshevist controlled regions, but they
( obtain their logs from Bolshevist ter
( ritory and consequently thev are not
/ operating Conditions IN Austria Hun
gary have disrupted entirely industry
{ there These two countries formerly
supplied western and central Europe
with 5000 100000 feet Of production a
year. But II viii be impossible for
I this production to function for a
! period Of three to five years
The normal importations. including
/ EurOpeon territory as well as the hall
ance OF the world. are p .000.000.0 900
feet annually. BY reason Of shipping
conditions and transportation condi-
tons abroad these consuming mar
kets have been consuming their sup
plies without replenishment, and as a
result there is an actual shortage Of
/ 10000. 100000 feet OF lumber stocks
abroad. which viii have to be re-
pleniShed. Five hundred and fifty
thousand buildings were destroyed IN
the war in devastated areas Of Eu-
rope Great Britain Is contemplating
and has started a campaign to erect
I 100000 industrial homes in order 10
allay the social unrest there
Can't Meet Worlds Demand.
The United states and Canada will
be required to provide normal de-
mands OF their own countries. with
those Of the remainder Of the world.
and they must do so with production
2 & n
possibly not more than 80 percent to
SIS percent Of 1878 caDacity. The re-
uuirements OF the world will be vastly
IN excess OF any possibility Of our
anility TO produce Export shipments
OF lumber have not vet been resumed %
The present excess profits tax
serves to overcome the natural law
that high prices stimulate production.
and what the world needs is produc-
ton. the dealer said.
Under present conditions mill own
ers find it un1rofitable and IN many
cases impossible to work their plants
at night.
One man attributed the present
hiEh prices 10 reduced labor efficiency
and rainy weather in the lumber
the labor efficiency IS so percent Of
what II was before the war. High
war wages. shorter hours and general
unrest were blamed by him for the
falling off IN efficiency. Coupled
with Increasing wage demands the
falling off in PRODUCTION has sent
prices skyward, he said
Denied An Artificial Shortage.
He denied that biz manufacturers
were creating artificially a lumber
shortage by refusing 20 cut timber
so as 20 escape the heavy excess profit
tax. He admitted the present tax plan
was no incentive TO increasing pro
duction.
In lumber circles generally there Is
the feeling that the excess profits tax
is drag on production As lumber
men see It the saw mill is only an
instrument for liquidatinE their as
sets The excess profits tax as 1t on
crates now is a confiscation OF ca1i-
tai rather than tax on profits. lum-
Der manufacturers say. While most