NEWS BR[EFS

ln s YzVo interest reduction, "stop gap, pump-priming programo' the Federal Home Loan Bank board moved to expand mort' gage lending; S & Is' net savings inflow rose to a record high in March providing more $$ to Lend . housing starts rose in March tor the 2nd, consecuttioe month to an annual rate of 1.4 million, reports the Commerce Dept.

Koppers Co. predicts a lst period' drop in net earnings blaming adverse weather conditions . . Mt. Hood Bldg. Supply, Portland, Ore., opened a modern retail yard to replace the one destroyed by fire in 1969 . a sign noticed in a California marina-"I{ God had meant us to have fiberglass boots, He would have created fiberglasstrees."...

Southwest Forest Industries and Hugh F. Knoell Builders announced a joint venture to develop a 1,000 ocre comrnunity outside Phoenix, Ariz., using mod,ular h,ousing , apartments are growing in number, decreasing in size and changing in style, accounting for about 50/o ol nationaL housing snr* reports the Bureau of Building Marketing Research builders erecting fewer than 25 houses per year make up 65/o of all home build,ers ...

Modern Materials, Los Angeles, hopes to complete theft 150,000 sq. lt. Buena Park facili,ty by July the former Southern Pine Assn. voted to change its name to the Southern Forest Prod,ucts Assn. and to reafrliate with NFPA in a streamlining and updating action . . Georgia-Pacific Corp. reported sa)es up and, income down 0rom the previous quarter .

Industrial output posted its Isr rise in eight montlrs; personal income and, housing sta,rts lead the way . . . record, nl,es and, earnings f.or '69 were announced by Pope & Talbot, Portland 50 year old Lake City Lumber & Hardware Bldg., Seattle, Wash.. was ilemolished to allow for street widening . .

Kaiser Cement & Gypsum net sales and operating revenue is up slightly from a year ago: $25.2 million compared to $24.9 million . the Dept. of Commerce noted a sharp shift in the location of particleboard plants lrom Oregon to the South, where large volumes of economical and easy to use wood residues are available... HUD's Sec. Romney declared the mobile home ind,ustry an official member of housing's big three .

Fibreboard Corp. plans to build a $7.7 millbn hnusebmt complex in San Francisco B"y Palco sales exceeded 830 rnillion in 1969, highest in the co's. I00 year history Lassen Wood Products, Susanville, Calif, was purchued, by Sierra Pacific Industries, San Francisco, for an und,isclosed anwuttt of cash

An NBC affiliate TV broadcast noted that "lumber may be one of the last comparative bargains leftfor consumersl" prices are nearly at a I0 year low and may double when build,ing picks np . . Forest Service timber receipts in 1969 increased, to $306.8 milIion, $f01.2 million over the previous year; $78 million was seirt to 39 states and Puerto Rico lor roods and schools in forest counties .

A Federal Reserve Board report on installment credit indicates a $16 millinn drop in horne repoir loans 0rom Novernber to December '69 . . St. Regis' mnd,ular hom.es made a hit at the Tacomq Washington, Home Show a U. S. district judge dismissed, antilrust allegations against Fibreboard Corp. in the sale of gypsum wallboard .

Lumbcr ond Building Molorlols ,IIEICHANT

Some mobile home and modular construction manufacturers are rrsing plyrooil sidizg reports pAr-co . . Miller Lumtber Co. closed their Burns, Ore., yard recently citing the buililing slowdown as responsible Boise Cascade predicts the home construction industry will be out ol its ful.d,rums by 1975, facing new problems in material supply

Westinghouse and an LTV Aerospace Corp. subsidiary plan to enter the mod'uhr lwusing busincss. . Bohemia Lumber Co., Eugene, Ore., plans to construct a research facility to investigate prof.table uses ol aariou.s wood, by-prod,ucts Palmer G. Lewis Co. reports a 4/o increase in sal,es over the previous fiscal year

Under new U. S. lumber standards, mills will state both nominal and acttnl lumber sizes on invoices a recotnmendeil product stand,ard, for hinged interior wood door units is now being circulated to the industry for acceptance reports the National Bureau of Standards . Ideal Brushes plans a ldly automated, 24,0W sq. ft. distribution center at their No. Hollywood, Calif., facility

Potlatch Forests' operating statement for the lst three months of '70 reporls ad'ecline in sales and, earnings from the same period in '69 . six foreign countries lead, the U.S.A. in number of dwelling units per 1,000 people built in the last five years the F. W. Dodge 1970 construction outlook was updated to predict that 1970 will see a nnall d,ecline in total constrttction contrqct' ing, down 2/o from'69 ,..

Six m.illion new or rebuilt low and mod' erate income dwellings produced during tlre '?0s would stimulate demdnd f.or $65 biLli.on for land, labor, construction materials, utilities, appliances and furnishings in addition to markets and shops, reports the Committee on Urban Housing . . 1970 particloboard production is expected to reach a record, high ol 1.7 n 1.8 billion sg. fl. aceording to the Dept. of Commerce.

Wholesale TIMBERS ilohhing

o Douglos Fir in sizes 24" x 24"

Plqner copocity for surfocing lo 24" x 24" o Re-Mfg. focilities for resowing lo 34" x 34" cqn'l ftnd ir . we'll mqkc

White , Sugar Fir Pine Pine up to l8'. Fine old growth timfrom our YollaTree Farm.