N EWS BRil ETS

Hearings are expected next month on a bill Sens. Alan Cranston (D-Ca.) and Robert Packwood (R-Ore.) are drafting to help control log exports, especially to Japan'meanwhile, they have asked President Richard Nixon for a 6 mos. embargo on unmilled logs and a shorter ban on lumber and plywood . . details of the Cranston-Packwood bill have not been made public at this writing (see editorial, p.4) . .

Builder groups have a con'certed effort in motion to put political pressure on the President to embargo log shipments to Japan; lumber and plywood increases are pricing their homes out ol the reach of a large segment of their buying public and they are publicly (and understandably) mad as hell .

The Ntl. Forest Products Assn. has been pleading, to no avail, to get the feds fo increase the cut ol lederal timber to help alleviate the situation despite the pressure from many sources, administration officials are expected to fight any plan to drastically cut log exports because it would hurt our already sizable tradedeficits...

Snifiing a new market, Alcoa is loudly promising to guarantee prices for all of 1973 on its " Alumif rame" residential housing components new housing starts in "Ian. surprisingly beat out a Dec., annual rate of. 2,344.000 with a 2,468,000 figure; permit.r f or f uture construction were down in lan. to 2.185.000 from Dec.'s 2.377.000 . .

The administration's abrupt switch from a stiff campaign of "jawboning" to allowing interest rates lor the prime rate to move up from 6% to 6VcVo is seen by some as only the first ol a series of 1A% and VzTo climbs in store for the rate banks charge their best customers increasing money rates have historically meont declining housing starts... vacancies in all housing fell in the 4th quarter to 5.6%6 from the 3rd's rate of 5.8Vo .

The r.r. box car shortage is expected to lessen this mo., tho increasing grain exports may derail that happy prediction

Calilornia Builders Supply, Sacramento, Ca., recently returned a planeload of happy customers and friends alter hosting them to an expense-paid trip to Mexico City and Acapulco . both smiles and waistlines are now considerably wider; we'll have more on this story in a forthcoming issue

A Western forest products industry umbrella group, the lVestern Forest Resource Council, has been formed by I 8 assns. to coordinate forest management issues Robert LIt. Nord, E. A. Nord Co., is the new pres. of the Fir & Hemlock Door Assn.: Ben Andrews, Fibreboard, is vp.; Maury W. Burke, Nicolai Door, sec.

Bill Thornton, dynamic head of. The 14orkbench, Inc., Denvel, Colo., has resigned as president, is currently "contemplating (my) new direction; he retains hk frnancial interest in The Workbench . Elol Hansson, Inc., Compton, Ca., has been named that state's distributor ol SFI's KachinaBoard; SFI has closed their Fla. and Phoenix mobile home plants due to continuing losses

Newport Bldg. Suppiy, Newport, Ore., has been sold to Larkin Kaliher, no price disclosed . . the Livermore, Ca., City Council

OK'd a site lor Diamond International to buitd a retail store, despite strong disapproval from the planning commission . . . Ace Plvwood, Pasco, Wash., has added more than 4,000 sq. ft. to its display area

Seattle Cedar Lumber Mfs. Co. in Ballard (Seattle) may close permanently for lack of raw materials at a reasonable price, according to its president William D. Black. It employs 160-180 normally and was lounded belore the turn of the century . Loop Lumber &, Mill, Alameda, Ca., has closed the business,' it was founded in 1898 . .

McEIroy Lumber Co. is clos' ing its Palo Alto, Ca., yard, reportedly because ol high taxes based on higher land assessments . construction is proceeding on the new Happy Hammer stare St. Malo Lumber is building in Vista, Ca., value about $600,000; it is the 2nd of 6 planned for San Diego County . .

E&E Lumber Co. has moved to larger quarters in Marysville, Wash. Payless Cashways plans a retail bldg. mtls./lumber store for Salem, Ore., construction beginning this summer-16,000-20,000 sq. ft. Inland Lumber Co., the growing Colton, Ca.,-based wholesaler has been granted a zoning change for additional storage yard

Angels Do-lt-Yoursell Centers opened a new unit in San Jose, Ca., 100,000 sq. ft. DiGiorgio Corp., San Francisco, has paid $I1 million for the div. of Mouldings, Inc. that owns and markets prefinished, printed and vinyl moulding products

Weyerhaeuser settled out ol court an Calif. Time Petroleum's $1.1 bitlion clas.s action suit on timberlands and a $1.5 million log sale contract . . Sierra Pacific Industries has begun shipment of the lst of more than 1.5 million tons ol wood chips they plan to sell lapan over the next 10 years.

March

Mountain Stetee Lumber Dealers Assn.March 14'16' convention, The Broadmoor, Colorado Springs, Colo.

Tocoma Lumbermen's Club Inc.-Merch 15, regular meeting, New Yorker, Tacoma.

Shasta-Casdde Hoo-Eoo Club 133March 15' Burney Bash, Burney, Ca.

Hoo-Iloo-Ette Clubs No. 1 & l2-March 15, company appreciation night, Wilshire Hyatt House, Loo Angeles.

San Joaquin IIoo-Eoo Club No. 3l-March 16, Casino and Cioppino Night, Dante Club, Fresno, Ca.

Los Angeles IIoo-IIoo Club No. 2-March 16' meeting, Calif. Country Club, City of Industry.

Forest Industries Management Center-March 20' "Public Relations and the Timber Industry," University of Oregon, Ramada Inn, Portland, Ore.

Spokane Hoo-IIoo Club 16March 23, meeting, Stockyardst lnn.

W.O.O.D., Inc.March 28, W.O.O.D. Products School, Denver, Colo.

Woodwork'Institute of Ca., March 29-81, 22nd annual convention, Quail Lodge, Carmel Valley, Ca.

Hoo-Hoo-Ette Club No. $-March 30, meeting, Castaway, Coyote Point (near Burlingame, Ca.)

April

Tacoma Olympia Hoo-Hoo Club 89-April 3' regular meeting and Concal The Chuckwagon, Lacey, Wash.

Pacific Southwest lfardware Assn.-April 4-6, Ilome Improvement Exhibit & Seminar, Plaza Exhibit Center, Phoenix, Ariz.

Spokane IIoo-Hoo Club 16-April 5, Old Timers Nite (to honor past presidents), place to be announced.

Los Angeles Hordwood CluLApril 12, monthly meeting, Stevens Steak llouse, City of Commerce.

Shasta-Cascade Hoo-IIoo Club 133-April 14, Ladies Nite, Riverview Country Club, Redding, Ca.

National Particleboard Assn.-April 15-18, mid-year meeting, Mountain Shadows Hotel, Scottsdale, Ariz,

Tacoma Ldmbermen's Club, Inc.-April 19, regular meeting, New Yorker, Tacoma, Wash.

Spokane Hoo-IIoo Club l6-April 20, meeting, Stockyards fnn.

San Francisco lloo-Ifoo Club 9 & Oakland 39-April 26, joint meeting, Bay Meadows, San Mateo.

Los Angeles Hoo-Hoo Club No. 2-April 27, meeting, Los Coyotes Country Club, Buena Park.

Iloo-Hoo-Ettes Clubg Noe. 8, 3, 14 & 16-April 28, installatioii of officers, Black Forest Inn, Santa Rosa, Ca.

National Particleboard Assn.-April 28.Mey 3, semi-annual meeting Broadmoor Hotel, Colorado Springs, Colo.

May

May is Netional llome Improvement Month-May 1-31

Tacoma Olympia lfoo-Iloo Club 89-May l, Wives Nite, Evergreen Inn (tentative), Olympia, TVash.

Spokane lfoo-Iloo Club 16-May 4, meeting, Stockyards Inn.

Lumber Merchants Assn. of No. Calif.-May 6-8, annual convention, Sahara Tahoe, Lake Tahoe, Nev.

Ifonolulu Gift Show-May 6-8, 3rd Honolulu Gift Show, Honolulu International Center, Honolulu, Hawaii.

Los Angeles Hardwood CluLJune l4,.monthly meetlng, Stevens Steak House, City of Commerce.

Los AnEeles IIoo-Hoo Club No. LUlo;y 14, meeting, Riviera Country Club, Pacific Palisades.

Tacome Lumbermen'g Club, Inc-Mty 17, last regula,r meeting until Sept. 20, New Yorker, Tacoma, Wash.

Arizona Lumber & Builders Supply Assn.-May 17-19, convention, Mountain Shadows Hotel, Scottsdale, Ariz.

Shasta-Cascade lfoo-Hoo Club 133-Moy 18, (to be anrounced)-

Complete Drying and Milling Facilities

In addition to a 9,000,000' inventory of domestic and imported woods in 75 different species, Penberthy maintains its own dry kilns and an extensive milling operation which can supply any desired detail. We deliver locally with our own truck fleet or pick up can be made by your trucks, common carrier or rail. Call Penberthy first for any lumber requirement!