N TWS BRI ETS

Lumber and plywood prices are continuing their slide from record levels reached earlier this year; at Memorial Day they were down lOVo-25Vo below the peaks and most industry observers expect the trend to continue at least thru summer . . occasional firming of prices is seen generally as a temporary blip in an otherwise long term decline; but nobody expects the bottom to drop out as it did in 1969

While observing that declining prices make lumber price ceilings doubtful, Ken Kincel, head of the Cost of Living Council's lumber task force. has not ruled out a possible mandatory wholesalerdealer mark-up limit which he said might ssrve to pass on savings to the consumer

Japan's recent mave to cut imports ol U.S. soltwood logs beginning next month (see story, p.35) has been greeted by guffaws by cynics who say that Japan did her buying during the first half ol '73, planned less buying anyway; current legislation now in Congress to cut exports to Japan is also seen as an impetus to her slackening purchases .

Housing starts in April (latest figures) dropped for the 3rd consecutive mo. to the lowest level in 18 mos., bldg. permits dropped to a 2-year-low rate of 1,793,000 from March's 2,071,000 . . . the 2,103,000 housing start figure was not unexpected; some feel starts postponed due to bad weather will balloon May's fig- ures

Western banks have increased their prime (minimum) lending rate to TVqVo fromTVo. bankers lorecast a continuing upward creep to 8Vo by Fall, with a decline beginning in early'74 despite dire predictions to the contrary, the West Coast dock strike threat laded as agreements were reached during late May to avoid a coastal port closing

Honsador, Inc. is the new name for Honolulu Sash & Door. they've also moved to Koapaka St. Iohnston Lumber Co., Ranchester, Wyo., has built a 40' x 80' addition for office and merchandising space . Columbia Paint & Chemical Co., a Phoenix mfg. and distributor, has been merged into, Texas' Southland Paint; no t€ r m s were announced

The outpouring ol money lrom s&ls continued in April (latest figures) as investors sought higher returns for their money; the emerging trend is expected to continue into summer, the flow of money into s & ls was 27% lower in the first 4 mos. of '73 than the same period last year

Certain-teed Products has acquired, for an undisclosed amount, Durallood Corp., Chico, Ca. .

I. J. Roberts & Son is now selline their redwood products at a nei location in Gardena, Ca., . . the Willis, Rogers and Pearson Lumber Co., Sedro Woolley, Wash., has been purchased by gen. mgr. Robert Boyd lor an estimated $3 million .

OIe's Home Centers has opened its 9th store, in San Bernardino, Ca., 40,000 sq. ft., equipped, as its other locations are. with 12 major departments Spear Lumber Co., Cheyenne, Wyo.'s oldest independent lumber and bldg. mtls. dealer, is completing a $100,000 new home on East Lincolnway; it is a 10,500 sq. ft. single span building . .

O'Malley ,s opening a new store during the 4th ol luly weekend at Mesa, Ariz., plans call for another in Sun City in Aug. and Tempe in Oct. Edwards Building Supply, Beaverton, Ore., has formed a lighting fixtures div. to serve both public and contractor business . Jim Stock. owner of Clear Lumber Co., Foster, Ore., is remodeling his shopbldg....

Big Pines Lumber Co., aMedford, Ore., retailer since 1908, is closing to go into the modular home field, according to owner Bert Thierolf, who says that by 1980 92Vo of all construction will be manufacturer-produced Solana Lumber Co., Sol an a Beach. Ca.. celebrated its 50th anniversary with a big Memorial Daysale...

Foster Lumber Co. has opened its 37th outlet. in the northeast section of Colorado Springs, John Suchar is mgr. . Everitt Lumber Co. of the same city has moved to Sinton Rd., held a grand opening for its new "home center," the Everitt lamily has been involved in the retail lumber business for 8 igssdes

Payless Cashways has opened its 40th outlet, in Eugene, Ore., its lst in the Pacific Northwest, 70,000 sq. ft., 18 employees; local mgr. is Jim Hovis, firm is based in Iowa Canyon Builders Supply is the new name for I-2 Distributors, Canyon City, Ore.; new owners are Dennis C. and Rodney H. Smith . .

The Van Petten Lumber Co.'s Ontario, New Plymouth, Payette and La Grande branches have been closed, the Idaho property has been attached by the county tax dept.; co. officials say a reorganization is underway and that an early re-opening is planned; Chandler Supply Co., Boise, has filed a $274,O00 lawsuit alleging non-payment for supplies, $100,000 punitive damages are also sought.

The federal government will loan the Navajo tribe $3.28 million to help it build a new particleboard plant in Navajo, N.M.

San Francisco Bay Area's Largest Vholesule Distribution yard, timbers - Douglas Fir and Redwood clears - long dimension - spec ial grades treated and fire retardant lumber & plywood

ROLANDO LUMBER COMPANY Inc.

Klnton Dlvlslon Gustom tlllllng In translt Cut up lacllltles

P.O. Box 415 Cloverdale, Calif. 95425

(7O7) 89+2258

MAIN OFFICE and YARD 515 Tunnel Ave., PO. Box 34042, San Francisco, Calit. 94194 Phone (415) 467-0600

Eastern Wholesale and Buylng Offlce P.O. Box 1391 Eugene, Ore. 97401 (503) 686-1178 Long

Dimension Rough Dimension Other Douglas Fir ltems

The only all aluminum unitNo plastic parts to wear out Easiest to installnew or replacements Saves painting and hanging of new doors & saves moneY! Easily

June

W.O.O.D., Inc-June 13, Father-Son banquet, Denver, Colo' Pacific Coost Buitders Conference-June 13'15, conference, Ma,rk Hopkins & Fairmont Hotelq San Francisco'

Iloo-Hoo-Ette Club No. l0-June 14 meeting (installation of officers) Quality Inn, Inglewood, Ca-

Los Angeles flardwood Lumbermon's Club-June 14, meeiing, Stevens Steak House, City of Commerce' Willamette Yalley Hoo-Iloo-June 15, 32nd annual golf '' ioo"r,"-"nt ind Fun Fest, Eugene Country Club' Eugene, Ore.

Americen Plywood Assn.-June 18'20, annual meeting, Tttrunderbird Motor Inn, Jantzen Beach, Portland' Los Angeles Hoo-Hoo Club No. ?-June 22, meeting, Pomona National Golf Club-Walnut, Ca^

Tacoma Olympio IIoo'Eoo Club No. 89-fune 22, -gold tournament, The Oakbrook Gotf & Country Club' Tacoma, Wash.

Shasta-Cascade Hoo-IIoo Club No. 183-June 2$' Ladies Nite, (Silverthorn Queen Ride) Silverthorn Resort.

Young Westerns' Club ConferenceJune 23'24, study meetings, Boise, Id.

Forest Products Research Society-June 24'2& annual meeting, Disneyland Hotel, Anaheim, C*

JUtY

Los Angeles Harilwood Lumberman's Club-July 10, meeting, Stevens Steak House, City of Commernce.

Hoo-Iloo-Ette Club No. l0-July 22, Day at the Races' Hollywood Park race track, Inglewood, Ca.

Trade Shows Ltd.-July 22'27, 'l7th Calif. Gift Show, Biltmore Hotel & Los Angeles Convention Gtr.

National Retail Ilardware Assn..-luly 22-26, 74th Annual Congtess, Hilton Hotel, Portland.

August

Tacoma Lr mbermen's Club, Inc.(date to be announced), annual golf tournament, Tacoma Country & GoU Club.

National Woodwork Msnufecturers Asgn.Aug. 8'10, meeting, Del Monte llyatt House, Monterey, Ca.

Westem Wood Moulding & Mitlwork Producers-Aug. 8'll, annual meeting, Kona Kai Club, San Diego, Ca.

Los Angeles Hardwood Lumberman's Club-Aug- 14, meeting, Steven's Steak House, City of Commerce' Los Angeles Hoo-Eoo Club No. 2-Aug. l?-meeting, Palos Verdes Country Club, Palos Verdes.

58th Denver Gift & Jewelry Show-Aug.26'29, Denver Metchandise Mart, Denver, Colo.

WHAT'S HAPPENING?

Keep us posteil on your club or group's uryoning meitings. But be sure and submil them at least seuen ieeks belore the euent to make sure there will be time to list them in an issue in circulatinn belore the big d,ay happens.