davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1931-08-29
HUSTON'S FUND
FACES PROBE
BY SENATE
$1s3, 900 Account in Bank
Never Reported, Nye Finds;
Cannon Aides Case Waits

Investigation Of the $lB3,OOO
political fund kept by Claudius
H. Huston, former Republican ma
tional chairman, in q New York
bank during the 1923 presidential
race, and never before reported to
any governmental agency, loomed
today as result Of the dis
closures at the Nye committees
inquiry into the political activi-
ties Of Bishop James Cannon, jro
In that campaign.
The committees inquiry stood
in recess until next october, but
its investigators will probe. the
Huston account.
Unearthed by $4,000 Gift
The account was unearthed
when q $4,000 donation was
traced from Huston to Work HI.
Wood, the antiSmith Democratic
leader in North Carolina.
The committee must also take
action in regard to the defiance
Of Miss Ada l.. Burroughs, Secre-
tary to Cannon and treasurer OF
the. Southern anti.Smith Demo
Gratis, and j. Sidney Peters, his
associate and secretary Of the or.
ganization.
The committee may report
both recalcitrant witnesses to the
Senate for prosecution on con-
tempt charges.
High Lights of Probe
High lights of the four-day
session of the committee were:
1. That Hoover leaders, such
rs Hubert Work and Huston,
former Republican national chair
man; James w. Good, former
Secretary Of War, and c. BascOm
Slemp, Republican national COM
mitteeman from Virginia. aided
or encouraged the campaign con-
Quoted by Bishop Cannon to
swing Southern Democratic States
into the Hoover column.
2. Former Senator Joseph 8.
Frelinghuysen (R.) Of New Jersey
(nOw q wet) donated $4,000 to
Cannon to finance his campaign
in the South.
3. Political donations to Bishop
Cannon traced to his personal
banking accounts, on which he
drew checks against the donations
to pay off personal debts.
4. The payment of a $4,000
refund" to Cannon by the anti
Smith Democrats for his personal
advances to North Carolina
Democrats" although witnesses
testified the only advance was
the Huston check for $4,000.
The Washington times., 1931-08-29
Indy To BLAZE
CHINA ROUTE

SHANGHAI, Aug. 20 U.N.S0.
Col. Charles A. Lindbergh agreed,
before his departure from the
United States, to blaze the route
of the proposed Shanghai to
Chunking air line. the China Ma
tional Aviation Corporation an.
nounced today.
It was understood that Mrs,
Lindbergh would not accompany
her husband on the flight.
The Lindberghs are expected to
arrive in Shanghai about the
middle Of September.
TOKYO, Aug. 20 0N.SD
Four hundred distinguished
Americans and japanese, headed
by Prince Iyesato Tokuguawa,
gathered tonight to honor Col
and Mrs. Charles A. Lindbergh at
q banquet.
Tomorrow, the Lindberghs will
attend a reception by the Amcri-
can Association. Later they will
attend a celebration. by the city
of Tokyo, and will be guests OF
Baron MitSui, at a banquet.
The Washington times., 1931-08-29
ALFRED Dennis
FOUND DEAD
CONTINUED From Page y

(Continusd From Page y
timore, was notified Of the death
and left Immediately for Maine.
Judge Dennis said that two
days ago he received a letter
from his brother and that it con-
tanned no indication that there
was anything wrong.
Judge Dennis said that the
commissioner had been nervous
lately and that one Of the rea-
sons prompting him to 60 to
Maine had bcen to relieve this
condition.
Improvement Reported
According to the letter received
by the Judge, there had recently
been considerable improvement.
Commissioner Dennis. a per
sonal friend and associate CT
three Presidents Of the United
States - Wilson, Coolidge and
Hoover-firSt was appointed to
the Tariff Commission by PreSi'
dent Calvin Coolidge in March,
1925.
He was a fellow in history and
economics. Princeton University
of which Woodrow Wilson was
, one.time president, 189l-1S93, and
instructor of history at Prince
ton 1893-1894.
In Foreign Service
Later he went to Smith College
as an instructor, but. resigned on
account of i'll health.
He was commercial attache at
the American Embassy, Rome,
191S-1921, and subsequently .
special representative in London
of the Department Of Commerce
when Herbert Hoover was Sec
retaFy.
He then conducted special in
veStigatiOnS for Mr.. Hoover In
Central and Eastern Europe.
Mr.. Dennis was special as
sistant to the then Secretary
Hoover in 1924, and his appoint.
ment to the United States Tariff
Commission followed March IS,
1925, when Coolidge was presl-
dent.
Dennis for a time served as
vice chairman of that >ommis-
sion.
Born in Maryland
He was a Democrat, born in
Worcester county, Nd, 1859, but
on the Tariff Commission steered
an independent course in tariff
issues.
Within the past few years,
Commissioner Dennis had con-
cIuded q series Of articles for .
popular weekly periodical in
which he discussed his services
abroad and in the United States
In his several capacities IS rep
resentative Of the, Government.
Not long ago he again made .
tour Of Europe, and Interestingly
related what he found over there
respecting economic affairs, in
which he had always been in
tereSted.
Among the degrees held by
Commissioner Dennis was A. B..
Princeton, 1891; A. M, 1893;
Phi. D., 1894; LII. D., Washington
University, 1925.
The Washington times., 1931-08-29
ZEP SET To HOP
FOR BRAZIL

FRIEDRICHSHAFEN, Germany,
Aug. 20 uN.sJ.-The- dirigible
Graf Zeppelin was all set today
for her 4,TS0-mile none-stop flight
to Pernambuco, Brazil, scheduled
to start tonight.
It will be the Crafts two hun
dred and sixteenth flight and her
second to Pernambuco.
Among the As passengers will
be Is scientists who will conduct
experiments en- route. They are
guests Of the Zeppelin company,
but other passengers have paid
$1,OO each for their tickets. as
against $2,5O0 paid last year.
DR.. Eckener said that he would
keep the Graf at Pernambuco
only one day before setting out
on the return journey with pas
SengerS, mails, and freight.
The Washington times., 1931-08-29
Won GRONAU IN CANADA
German Filler Drops
In on Eskimo
Village

OTToWA, Ont, Aug. 20 G.N.SJ
Capt. Wolfang Won Gronau. Ger
man flier. winging his way over
the Arctic wastes, headed for
Chicago, landed last night at q
small Eskimo village Of Povungni-
TUX, on the east side Of Hudson
Bay, according TO- radio advices
received here.
It was expected the German
pilot would take off some time to-
day.
Authorities here had not beeh
notified Of Captain Won Gronau's
route over Canada. but he was
expected to make his next stop
ut Churchill,
The Washington times., 1931-08-29
VICTIM
TO Be QU|ZZED

NEW YORK. Aug. 20 GN.SJ.-
Charles M. RoSenthal, wealthy
young broker, was to be questioned
again today by police about his
amazing story of how he was
kidnapped. His mother was reported
to have paid $4,000 ransom for
his release.
Rosenthal turned up without
notice yesterday and told police
he had been kept in a dark flat
for II days after girl lured him
into the hands Of his captors.
A black bag containing the ran.
som money, police said, was
checked at q New York hotel and
later claimed by the kidnaperS,
who SmuggIed 1t out Of the hotel
under the eyes Of waiting detec-
tives.
Rosenthal's family would not ad-
NIT the ransom was paid but po-
lice insisted the kidnaperS had
escaped with the $4,000.
The Washington times., 1931-08-29
MOTHER KILLED
BY SON : CAR

Mrs. John E. Hortskamp, 81,
of Clinton, Md, mother Of the
Rev. John E. Hortskarnp, of the
st. Johns Catholic Church, died
today at Providence Hospital,
where she was brought late yester-
day, suffering from injuries re-
ceived when she was run over by
her sons car while he was back
ing it from the garage at their
home.
Funeral services will be held
Monday from the church where
the son is pastor.
The Washington times., 1931-08-29
Shy Dime Saves Him
9 Dimes in Fine
For Speeding

It isn't often that the lack
of money proves q benefit, but
it went that way today for
Samuel Jackson, 768 Irving st.
N. W.. when he was found
guilty Of speeding. -
Judge Gus A. Schuldt, III
Traffic Court, imposed a fine
Of $40 and jackson said:
But, Judge, I have only
$685."
Judge Schuldt declared:
"WelI, I'll lend you the dime
no, you may need something
to buy lunch, 80 I'll reduce the
fine to &c."
The Washington times., 1931-08-29
District Tax Bills
PauGbLe on Tuesday

The first half Of real estate
and personal taxes for the year
ending June 80, 1892, are due and
payable beginning Tuesday, Col
lector of Taxes Chatham NJ. Tow
ers announced yesterday. A one
per cent penalty will be levied
beginning october for each
month the taxes are overdue.
Personal tax bills will be mail
ed out but real estate tax bills
are only rendered upon request.
Mr.. Towers explained. Square
and lot numbers should be furn-
ished and requests addressed to
the Assessor Of Taxes. who has
entire charge Of rendering all tax
bills.
The Washington times., 1931-08-29
StinlsOn to Abandon
Press Conferences

Believing he talks too much"
and often let's slip information
which should be kept to himself /,
Secretary Of State Henry L. Stim-
son viii abandon press confer
ences with newspaper men when
he returns to washington. Un-
derSecretary William r. Castle
will hold the conferences tsnce-
forth, unless something Of special
importance requires StimSon to
do the talking.
The Washington times., 1931-08-29
MOB PUMMELS
DRY AGENTS

PEORIA, Ill, Aug. 90 U.N.S). i.
Earl Fisher. Indianapolis. Fed
eral dry agent, was recovering
from injuries today received
when q mob Of 500 manhandled
prohibition men imported to dry
up the "oases" while the State
convention Of the American
Legion was meeting in this city.
The IS agents raiGed ~ places
In three hours and arrested 40
men.
The Washington times., 1931-08-29
Cash Register Group
Seeks to BuY RiUuL

CINCINNATI, Aug. 20 U.N.SO.
Declaring the Remington Cash
Register Company. of nion, N. Y,
has suffered losses. and Is about
to liquidate its assets, the Ma
tional Cash Register Company,
Dayton, today flied o petition in
Federal Court here, asking per-
mission to take over its business.
Filing of today's petition was
required because a court decree
on February 1, 1915, enJoined the
National Cash Register Company
from obtaining control Of any
other cash register business with
out first obtaining the courts
consent.
The Washington times., 1931-08-29
mterfered in Fight;
PGys $40 for Slap

Alleged to have slapped Vernon
Coffey, IL, of 1113 Eleventh St.
N. W., when the boy tried to
interfere in a fight between two
smaller boys, E. T. Burke, a gro-
GER, was fined $40 by Judge Rob-
ert E. Mattingly in Police Court
today.
The boy said his brother and
Burke's son were fighting and
the grocer slapped him when he
tried to separate them. Burke
said he merely pushed the boy
back to prevent the brothers
from doubling up" on his son.
The Washington times., 1931-08-29
Mate of Maid Held
In dH POnt Robbery

NEW YORK, Aug. 29.-Walter
Ludwig, "a. q chauffeur, who po-
lice say received part Of the $40.'
600 in jewelry stolen from the
home of Mr.. and Mrs. Ernest du
Pont. of Wilmington. was under
arrest here today. Ludwig is the
husband of Mrs. Alma Ludwig,
2s, a maid in the du Pont home.
She is held In $4,000 bail for the
theft.
The Washington times., 1931-08-29
Buck Jones Hurt
In FiLminU Battle

WOOD, Aug. 2S
UN.SO-"Buck" Jones, star in
Western screen plays, was seri'
ously injured late yesterday in a
battle" on q motion picture set.
Jones failed to duck down and
was struck in the back by a
hurled chair. Physicians said
Jones suffered a fracture Of q
bone in his back.
The Washington times., 1931-08-29
Morgan Company Heads
10 Banks in Big Loan

NEW YORK, Aug. 20 ON.S0.
A group Of 11O banks, headed by
j. P. Morgan and Company, join
ed today in extending 5000, 900. 900
one-year credit to the new British
national Government. A similar
amount was advanced by Paris
bankers.
None of the American credit
will be publicly offered.
The Washington times., 1931-08-29
Ford Sends Call
To 10000 Workers

DETROIT, Aug. 90 QNS)-
Thirty thousand postcards were in
the mail today notifying workers
Of the Ford Motor Company to
report for work September 8. The
payroll Of the company then will
total approximately 10000.
The Washington times., 1931-08-29
STROKE FAT 7 Al
To ACTRESS

SAN FRANCISCO, Aug. 20
G.N.SO-On arrival Of her hus-
band, Don Wilson, Los Angeles
aviator, funeral arrangements
were to be made today for Jane
Green, musical comedy and vaude-
The Washington times., 1931-08-29
HUME LEAGUE MEET

The Hume School and Civic
League will meet at the Hume
School. Arlington Ridge. Va, Tues
day afternoon ct 3 o'clock to plan
It's winter program.
The Washington times., 1931-08-29
BOY SLEEPS; SNAKE BITES

McADOO. Pa. Aug. 29.-JoSeT \
HiSick, Is. Of McAdoo. is under
the care Of doctors for the bite
Of q rattler. He was sleeping in
the woods when attacked. He
will probably recover.
The Washington times., 1931-08-29
Mrs. Hill Has Lead
In Golf at Chicago

EXMOOR COUNTRY CLUB,
CHICAGO, Aug. 40 0.N.S0-
Mrs. o., 8. Hill. Of Kansas City,
was 3 up over Mrs. Leona Press
ler. Of Los Angeles. at the ninth
hole Of their final match in the
Women's Western Golf Cham
pionsllip today.
The Washington times., 1931-08-29

Photo by International
JANE GREEN
Vile star, who died here yesterday
from a paralytic stroke.
Miss Green began her stage ca
reer at the age of 10, when she
appeared in Los Angeles show.
L n Enrol helped her land a
job with Florenz Ziegfeld, after
which she starred in a dozen
Broadway shows.
The Washington times., 1931-03-11
| .ARKET TRENDS
SHOWDOWN IS
SEEN NEAR
Spectator Notes Failures
of Utility Stock Strength
to Garry Up General List
BY THE WALL STREET
SPECTATOR

NEW YORK, March 1.-THE
repeated failure of the strength in
utility stocks to impart itself to
other sections of the market, has
now continued for a period OF
such length that the action Of
the general list today may de-
termine once and for all the i'm
mediate trend of prices.
Despite the spectacular bidding
up Of utility favorites in Tues.
days session, not only did other
groups refuse to take part in the
demonstration, but it required
comparatively little in the way
of bear prodding in the final
hour to release a flood Of offer
ings sufficient to cancel the fruits
OF the earlier advances.
Net Decline It's
The net decline in the thirty
industrial stocks in the Dow
Jones averages was rs points, but
by far the OvershadOwing feature
was the break in Allied Chemical,
one of the accepted blue chip
market leaders, which sold off
sharply to a new low.
In the course of the rapid ad-
vance of the market in February,
represented in the Dow-Jones in
dustrial averages by forward
movement of from 1865 to 1877,
there was a seven-day consolida-
ton area. During this period,
the averages moved sideways be-
tween 178 and 1877, before break
ing out on the side of advance.
Including yesterdays session
this horizontal movement has
been virtually duplicated for a
similar period of seven days.
The Dow-Jones industrial index
stands today at 1883, about mid
way between the two extremes Of
the trading limits. The strug.
gle for market supremacy today
will depend to a material extent
on the weekly reports of steel Or
ganizations and freight car load
ings, which will give an idea Of
what progress is being made to-
ward recovery.
The results of the New York
Central dividend meeting today
will also carry considerable
weight in view of it's bearing on
the action of the carrier group.
Steel Earnings to Drop
According to an unofficial esti-
mate of highly regarded sta
tistical source, 1881 earnings Of
U S. Steel are expected tU show
a decline of approximately IS
per cent from the 1880 report.
Net income for the first quarter
is placed at about so cents per
share on the common stock, as
against $3.16 per common share
in the like quarter of a year ago.
Unless improvement i'll general
business comes faster than now
seems probable. earning of the
steel corporation for 1881 may
not exceed Sc per share.
The best estimates as to what
will be shown in the Anaconda
Copper annual report, due about
May /, place net at about $3.40
per share before depletion. The
stock is paying a $3.50 annual
dividend, but there is reason to
question it can be earned this
year
The Washington times., 1931-03-11

Apples-Bushel baskets: Supplies lib
eral; demand light; market steady. Nir-
ginia, U. S. No. /. 2h inches up Stay.
badly scalded. s1:OO; U: S. No; 1 2H
inches up, Black Twigss $1.4O g dI1 80,
fS Black Twigs. III $50 @1.so, few s1,75.
Barrels: Supplies light; demand light:
market steady. New York, U; 9; NO
ings. $45O@5.OO. Boxes: Supplies mod
crate; demand light; market steady.
Washington, extra fancy medium 70
Ihsse ioiea. "i5ss SsSOSsysg stsyTans Roms:
spitzenNeFEs. S2.25@2.6O.
CabbaGe-Supplies moderate; demand
light; market steady. New stock :
Epeda type s5 OSissl ois .toeR 6eRpe;S New TeTf
and Pennsylvania, 100-pound Sacks
Danish type, $1.OO@1.15.
Celery-supplies moderate; demand nd
crates crate washed and preceded, SIS
dozen, $3.50; ia dozen, $500 S.25; IN
Lettuce-supplies moderate. Demand
light; market steady. California
crates. iceberg type, As dozen' *S'SOV
ais; fair condition, S3.25.
Onions-Supplies moderate. Demand
light; market steady. Michigan and
Ohio, 5O-lb. sacks. yellows, u 5: NO. l.
Potatoes-Supplies liberal. Demand
moderate; market steady. Maine. ISO-
lb. sacks Green Mountains, U. s. No.
1. S3.15@325; 120-lb. sacks. $3.50.
Strawberries-Supplies light. Demand
light; market steady. Florida, pony
refrigerators, various varieties, hold
overs, $50 soc; poorer. 35@4Oc per qt.;
best. Csc: poorer, 15c per pit
Tomatoes-Supplies moderate Demand
light: market steady. Repacked: Vari-
Gus section, wide range in quality and
condition, threes. ripes, wrapped. fancy
count, best $3.50: fair condition, $40
SIS: poorer. S2@250; choice count
$2.5095; poorer. 81.
Snap Beans-SuppIies light Demand
hghtt market steady. HoIdoverss Flor
The Washington times., 1931-03-11
GOING UP
IRON ACE SAYS

PITTSBURGH, March ii
G.NSO "A more uniform upward
trend with production increasing
at a less deliberate pace than in
recent weeks will be noted by the
Iron Age tomorrow in it's weekly
summary of the iron and steel
trade.
No reductions in production are
reported by any of the steel pro-
ducing centers and further gains
have occurred in Chicago, Cleve-
land, Youngstown, Southern Ohio
and in the Wheeling district.
Heavy melting scrap is off 25
cents a ton at Pittsburgh and is
weaker at st. Louis, but is
stronger in tone at Chicago and
Detroit.
The Iron Age composite price
for heavy melting scrap has de-
clined from SILT to $11.08 a
ton. Finished steel is unchanged
at 2.142c a pound, and pig iron
at $15.71 a ton,
The Washington times., 1931-03-11
Washington Produce

mostly fair condition $S.250s5O; few
best 81: poorer. $2.5O@s.
Cauliflower-Supplies moderate; de-
mand light; market steady. California,
pony crates, $225@2.S5; fair condition.
| 50.
Carrots-supplies moderate; demand
light; market steady, Texas Western
spinach-supplies moderate; demand
light; market steady. Texas, bushel
baskets, Savoy type. IS soc.
Btet'sTPpeS moderately %;,.d demand
Te Teza., Western lettuce crates, $3.50
$50
market steady. Norfolk Section. Vir-
light: market steady steady Norfoik ] Section,
Virginia, bushel baskets. 10000:
Turnip Greens-supplies moderate;
! Carolina, bushel hampers. some poor
condition, yellow, best, 9Oc; poorer,
lower.
Peppers-supplies of good stock very
light. Demand light. market slightly
stronger for good stock Florida, mixed
cars, pepper crates, wide range in
quality and condition, best, $2.5O@3i
few higher; fair condition. $2Q2.25;
oranges-supplies liberal; demand
all sizes, $3.25@3.75.
Grapefruit-supplies moderate. De-
mand light, market steady. Florida,
boxes, all sizes, S2.25925O.
Poultry-Alive: Turkeys, prime. 500
33c; ducks. zoe; roosters. lac; broilers,
IL to 2 pounds, 3S@4Nc; spring
chickens. large, 33@35c; medium. 80 q
S5c: small. 33@35c. Fowls large. 22c;
medium. 22c; leghorn fowls, 1S01Sc
keats. 5046Oc; old, $50 04Oc. Dressed
turkeys, 35@3sc; spring chickens, large,
35c: medium, 35c; small, 35c. Fowls,
large. 22c; medium. 32c; leghorn fowls.
10000. Ducks 23@2Se.
Calves-sc. Lambs, S@Sc.
Eggs-No. white hennery, 20 22c.
Current receipts, zoe.
The Washington times., 1931-03-11
CHICAGO LIVESTOCK

CHICAGO, March II G.N.s0.
Hogs: Receipts, 10000; Market,
15@25c lower. Top, 1925; bulk,
$6.50@8.15; heavy weight, $7@
7.65; medium weight, $775@8.25;
light weight, $8@825; light
lights. $79O@8.1O; packing sows,
$6.10@6.65; pigs, $7.25@7.75;
holdovers, 5000.
Cattle-Receipts $500. Market
Csc lower. Calves: Receipts 1000,
market steady. Beef steers:
Good and choice, $9.50@11.25;
common and medium, 5000;
yearlings, $6@11. Butcher cattle:
Heifers, 5000; COWS, $4@6.50;
bulls, $3.50@6; calves, $7@9;
feeder steers, $5@8.25; stocker
steer, $5@8; stocker COWS and
heifers, $4@6.50.
Sheep-Receipts 10000, market
strong. Medium and choice
lambs, $8.25@9.35; culls and
common, $6@7.50: yearlings,
$6.50@8.25; common and choice
ewes, $2@5; feeder lambs, $7QS'
The Washington times., 1931-03-11
n. !. CENTRAL s
D|V|DENDCUT
L0PS PRICE
Other Railway Issues Are Hit
Slightly in Sympathy, But
Gains Are Made Elsewhere
By w. s. COUSINS

NEW YORK. March II G.N.SO.
Reaction in the railroad stocks
following official announcement
Of the reduction Of the New York
Central dividend from So to Sc a
share, unsettled the stock market
in the early trading today.
Wall Street had been put IN
happy frame Of mind by the
weekly steel trade surveys. which
showed a further gain in steel
mills operations and shipments,
and after a short furry the lead
ing utility and industrial stocks
again turned upward.
Other Rails Slip
Though railroad earnings have
been declining, it was the general
view in Wall Street that New
York Central would continue the
So rate for the current quarter
at least. On that assumption the
stock rose about points to 119R
In the first period, but dropped
off to 115A for a net loss Of 23s
shortly after the announcement
Of the lower rate.
Union Pacific declined 6 points
to 1872. Baltimore and Ohio, on
which dividend action will be
taken within a week, lost 2
points at II. Southern Pacific
was down a point and other rail
leaders fractionally lower.
An early rally in warner
Brothers to above 13, accompa-
MED by strength in the per
cent bonds Of the company, was
encouraging to the bulls in the
amusement shares.
Utilities Recover
The leading gas and electric
light stocks recovered moderately
from yesterdays closing slump,
but Allied Chemical was again
under pressure and dropped back
2 points to 148A. Auburn Auto
jumped 4 points to 1876 and J. I.
Case was again in good form.
Radio lost a point on issuance
Of the 1880 report, showing 2
cents a share earned on the COM
mon, but the market as a whole
was dull and quiet rather than
weak near the noon period.
Call money renewed at 2 per
cent.
The Washington times., 1931-03-11
N. Y. WATER SERVICE

Nav York Water Service Cor
poration, a subsidiary of Federal
Water Service Corporation. re-
ports gross revenues of $2,811, 700
for the year ended December 81,
1880, as compared with $2,666, 1852
for the preceding IL months. Oper-
ating expenses, maintenance and
taxes, other than Federal income
tax, totaled $1,162,988, as against
1,113,066. Gross income amounted
to $1,648,711, which compares
with $1,553,296 for the year ended
December 81. 1929.
The Washington times., 1931-03-11
HOME BUILDING
BOOM SEEN

NEW YORK, March 11.-A
most hopeful sign in the building
industry is the general feeling
that a gradual upturn in residen-
tial construction will be witnessed
in the not-too-distant future, &C.
cording to the Index, published
by the New York Trust Company.
It reports:
"The excesSeS from 1926 to
1928 are surely, If slowly, being
remedied and new demands for
construction are in the process
Of development.
Estimates have recently been
made that the American peO-
pie will spend at least $50.
100000 for residential con.
structiOn in the next two
decades.
An industry which is assured
Of such q substantial backlog
Of business, in addition to COM
parable demands for other
classes of building, can face
the lOng-term future with Opt
miSm."