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Show THE BUILDING SITUATION. "There Is no general expectation that by postponing new building for a few months, marked savings, may be realized through future declines In prices," says the Guaranty Trust Co. of New York. "Even should the long-desired definite recession in prices develop it is believed that for some time yet building costs will show at best but slight decline. "The raw materials for building are available in abundance, sufficient to support the most ambitious building build-ing progrm and in the lumber industry indus-try it Is estimated that there is an excess ex-cess plant capacity of 50 per cent. The supply of materials may there-iore, there-iore, in many cases, promptly be enlarged en-larged whenever demand calls for it. ' . Other lines of business en terprises are affected by credit stringency strin-gency but most of them show no such marked decline in activity as does the building industry. It appears that the transportation tangle is the primary source of the decline in building operations." |