In its presentation of the lumber industry as one of eight major business enterprises to be studied in Business Policy 12 this year, the Business School has obtained the cost records and full operation data of a lumber firm in Seattle, Washington, and will have officials of the company come to Cambridge as speakers. The firm, whose name is withheld, has been undergoing heavy financial losses in a period of great building activity, and a study of this paradox, with an effort to solve the problem, will occupy the students in the course for the next month.

As an aid to understanding lumber terms and processes, an exhibit showing the successive steps of manufacture has been arranged for the students in Baker Library.

Professor J. A. de Haas, who is giving the course, states that the study of a specific problem of business administration in a firm at present conducting business under difficult conditions will form an excellent center around which to group a study of other phases of the lumber industry. Reforestation, the use of by-products, and the effect of building booms upon the industry will be some of the correlated subjects presented. The Yale School of Forestry will send experts in lumbering and reforestation, including Professor R. C. Bryant.

Overproduction, lack of organization, and the increasing competition of substitutes for lumber were outlined by Professor de Haas as some of the contributing causes to the deficit in the lumber industry. "Every lumber mill will need a chemical plant for converting waste products into profitable commodities in the future," said Professor de Haas.