PROFIT MAKERS PART 2

Dr. Paul W. McCracken, chairman of the President's Council of Economic Ad' visers, said that federal fiscal policy is less restrictive "which will have a more expansionist effect on the economy" than under 1969 policies. Noting that Federal Reserve Board monetary policy has been on o'a clearly more expansionist course" since early this year, he indicated both credit and interest rates would ultimately be af' fected.

Recognizing the relationship between national housing goals and innovative ap' plications of versatile wood products, the board established a special committee on housing to apply the findings of a pre' decessor group.

NFFA approved reactivation of a Special Project for Lumber Standards Liaison which will enable lumber grading and grade writing agencies to participate fully in developing programs to secure regula' tory agencv recognition of standards and related design information.

Recognizing concerns for improved pub' lic understanding, NFPA requested the Forest Industries Council to inventory and analyze industry public opinion facil' ities and problems, to determine which groups have special expertise, and to as' sign research and public infonnation re' sponsibilities where appropriate.

New officers are: Lowry WYatt, President. Wyatt succeeds L. L. Stewart, pres' ident of Bohemia Lumber Co., Eugene, Ore., who was elected chairman of the board.

Among regional vps. are Roy Utke, Fruit Growers Supply Co., Los Angeles and Robert C. McMillan, Crown Zellerbach Building Materials Ltd., New Westminster, 8.C., Russell H. Ells, former president and board chairman, was elected treasurer. He is president of Willits Redwood Products Co.

Son Diego Sports Nite

San Diego Hoo Hoo club's annual sports night bash heard Charger pro'football player Emil Karas relate the action of last season. Milt Olsen was the chairman of the event, which drew more than 60.

Tom Cooney, Sullivan Hardwood, won the $20 door prize.