TIEWS BRIEFS

Fiberboard, Corp. says it has acquired Green Valley Lumber Co., Medford, Ore. No amount given . . the new Wood Promotion Council has changed its name to American Wood, Council Du Pont says that after l0 years of testing, their Tedlar PVF film, used to cover siding, approaches the durability of brick and stone. ..

In keeping with plans to enlarge lumber and building interests, Wickes Corp. plans to exchange about 210,000 of its common shares (worth about $I0.9 million) for Sequoia Forest Industries, Inc., Dinuba, Calif. Sequoia's sales were cloee to $Il million in the year ended March 31.

A recent WaII Street lounwl article related Wickes' agreements to acquire Sequoia and a maker of agricultural and industrial buildings in stock transactions totaling roughly $38.7 million. Transactions depend on shareholder consent of the ac. quired companies.

Euans Proilucts Co. has tentativelv agreed to buy, for $28.6 million, L. Grossman & Sons, which operates 78 stores in the Northeast and did $65 million last year. Evans sold their Aberdeen, Wash., plywood plant to a newly formed corporation that will operate the plant Evans is also building a particle board plant in Missoula, Montana housing for low and moderate income groups is getting most of the attention at this month's home builder's show in Houston, Texas Fanni,e Mae (the Federal Nt'I. Mortgage fus'n.) is increasing the flow of mortgage credit to FHA-insured multifamily units with its newest policies of buying relatively short term mortgages.

Glued-together house developed by the U.S. Forest Proilucts lab is said to save up to l5/o in costs by using adhesives, rather than nails. the Edward l/ines Lumber Co. of Chicago is building a new lumber mill in Saratoga, Wyo., annual production: 32 million bf.; expected to start operating this April three-quarters of California's Humboldt County is devoted to timber production, its sawtimber production is IIVo oI the state's total.

First associate distributor appointed in the West lry Formica is J and M Sales, San Bernardino, Calif. Hud,son Lumbei

Co., Williams, Ariz., seems to be doing better since its shaky start Iast Nov., the bank foreclosed them out of operation last March. Virtually all the forest land of major timber owning firms in Calif. is open to public fishing, rnoro than 90Vo is open to hunting accoiding to the Am.eri. can Forest Institute... Information about the new Calif. Hwy. Patrol lumber loading regulations can be had by calling CHP. As. sociation members can call the stafi.

Boise Cascade is supplying a special wood fiberboard called "absorptive form liner" for the Libby Dam Project in Libby, Mont.. ..the Dept. ol Commerce forecasts $91 billion in construction activitv this year, including 1.660 million housing units

Plans to incorporate Columbia, Plywood Corp. and, its subsidiaries into a multimillion dollar corporate complex of lumber, shipping, malting, electrical and ofrce equipment has been revealed by Columbia's president Kirk R. Cooper.

Final figures now comingr in from the holiday season seem to indicate that, despite the damn Flu, that it was the biggest ever in dollar sales only trouble, many had hoped for more. Some economists are beginning to predict another "credit crunch, afa'66." Therets no consensus yel, tho.