NEWS BRIEFS

Koehring sales for the last fiscal year totaled $245,45I,000, nearly $185 milli'on higher than 1968 Simpson Timber Co. and U.S. Forest Service researchers cornpleted the lst thinning in a Jsf ol its kind, young redwood stands growth study Deane Bros., Inc., and Monarch Investment Co. will be combined, as the Occidental Petroleum Land and Development Corp.

Evans Products Co. plans to acquire McConnell Cabinet Co. for cash and Ev' ans common stock Palmer G. Lewis Co. and its B branches will ilistribute for the Z-Brick Co. Weslock Co, plans to market its products throughout Western Europe

A $f.3 million, 268 family, 30-acre mobile home community in Ventura County, Calif., was developed by Boise Cascade Building Co.; occupancy scheduled lor May, 1970

The National Oak Flooring Manufacturers Assn. predicts a housing upturn in late 1970 the Chicago Mercantile Exchange reports contracts traded last year total 3.79 million, up 1048 lrom 1968; the exchange also established a $1.5 million trust

Tumac Lumber Co. has moved to Jackson Tower in Portland, same phone and telex, tho South Bay Redwood has finished blacktopping their 22-acre Orange, Calif., distribution yard, opening duy should be in early spring Medford, Corp., has a new div. to make prefinished modular kitchens and bathrooms.

Congress passed a bill allowing Presi' dent Nixon to establish voluntary or mandatory credit controls and permitting the treasury dept. to lend tlle Federal Home Loan Bank $3 billion f.or Lhe honte nortgage market. Westinghouse Elec' tric Corp. currently has nearly $100 million in low-cost resid,entinl @nstructinn projects on the drawing board or in nego' tiations.

Southwest Forest Industries announced an agreement in principle with Jordan Millwork Co. and General Nailing Ma' chine Corp. to make both wholly-owned, subsidiarics of Southwest...lower rates in personal income gains in 1969 were reported by Security Pacific National Bank; California income is tp 7.9/o from 1968...

Buyers of single family homes are the Lst target of American Wood Council promotion in 1970; number two is home im' prouement. Borchers Bros., San Jose, Calif.; Eichrome Building Materials, Inc., Redwood City, Calif.; L & S Plywood, Torrance, Calif., and Learned Lumber, Hermosa Beach, Calif., are among the 22nd annual brand name retailer-of-theyear awards com.petition finalists '

Housing starts in Calif. d'roppeil slight' ly in October to 198,000 and then dropped 7.7/o Ivther in November states Bank of America; B of A also predicts that 65' 70Vo of. new housing in 1970 will be mul' tiple units.. Evans Products Co. declared a stock diaidend' of fSl per share Southwest Forest Industries have changed' their fiscal year firom April 30 to a calen' dar year basis in '70

The Federal Reserve Board voted 1I to L to maintain its firm credit policy. HUD revised d,ownward, the terms for new rental housing in an attempt to in' crease production of units built without

Cedar Specialties

Weslern tumber ond Building Mclettqlr ,IiERCHANI direct federal subsidy. .. Bliss & Laugh' lin Industries is relying on its lnnd deuel' ktpment progratn to keep 1970 earnings rising i

A N-AWLd. survey claims that 52/o oL wholesale forest products marketers ex' pect profits before taxes will show '69 gains over '68; 39% expect a decrease and 9/o feel there will be no change Rusco Industries, Los Angeles, completed levelopment ofa low cost interlocking steel moilule construction system for homes and apartments..

Pope & Talbot, Inc., announced a quar' terly iliuid,end of 10{ per share Gen' eral Electric aerospace dept. is applying its new technology to rnoilular housing. results so far are mixed . Union Pacific Corp. real estate subsidiary purchased about 130 acres in Culver City, Calif., for a major building program

Sierra Pacific Industries, Arcata, Calif., is now listed on the American and Pacific Coast stock exchanges the 24 to 35 age group is expected to increase 11/o during the '70s

Masonite reported sales of $139 million in fiscal 1969 with plans to increase its sautrnill sales to $40 million by L972 ... a 32,000 q. It. oft'ce-warehouse complex to house about 50 employees is under con' struction in Portland by American Inter' national Forest Products on a 5l/2 acre site Fibreboard Corp. profits in '69 lell below'68 figures

Larbor Secretary Shultz and Commerce Secretary Stans have proposed finm'cial in' centiues for builders to hypo winter con' struction the Ward & Harrington yards in Calif. have all their memos stamped 1970: The Year ol the consum.er.

Also now producing kiln dried meranti, a product of Malaya. fandomlength drawer sides andother furnitufe pfoducts