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Show THE BUILDING SITUATION SITUA-TION "Thoro Is no, general expectation that by postponing new, building for a few monthB, marked saving msay be realized through future declines in prices," saya tho Guaranty TruBt Co. of New York. "Even should tho long desired definite recession In prices develop It Is belleve'd that for somo time yet building costs will show at best but slight decline "The raw materials for building aro available In abundance, sufficient to support tho most amitious building build-ing program and in tho lumber Industry In-dustry It Is estimated that there is an excess plant capacity of 50 per cent. The supply of materials may therefore In many cases, promptly be enlarged whenever demand calls for it. Other lines of business enterprises enterpris-es are affected by credit stringency, but most of them show no such marked decline In nctlvity as doei tho building industry. It appeari that the transportation tangle Is the prlmnry source o tho decline In th building operations." |