3 minute read

TheAtriumDoor,

Realization that the hoPed for upturn in '81 grows less likely bY each week has spread as this year seems more & more a replay of ' 80, a poor year for many predicted increases in the Prime lending rate above 2090 Promise more sluggish home building

Savings & loan assn.s, a major financer of housing, suffered a record drain of funds in April, as their collective net worth declined by a record amount their weakness means less availobility of $$for housing.. mortgagesremain at a high lSYzVo in many markets

L o u is iana- Pucific'q head lawyer, John B. Crowell, Jr., has been confirmed by the U.S. Senate after a bruiping fight to be Asst. Secretary of Agriculture, in charge of the U.S. Forest Service among other duties; he is expected to give a fairer hearing to industry's concept of good forest management. .

The Western lumber industrY operated at only 80.5V0 of Prac' tical copocity in Mar. (latest figs.) lumber production was 2.890 lower nationally in Mar. and 590 below the year previous SimP' s o n Ti mbe r,Seattle, has received a productivity award from the American Productivity Center, Houston,Tx....

L o u is ia n o - Pacific has acquired 6.790 of the outstanding common stock of Na tional Gypsum Co ., no official word has been forthcoming on any future purchases .

L-P has done a major face-lifting at its Carden Grove, Ca., store and added a full nurserYto its Ventura, Ca., store; it also has donated 1 I acres of land at Sonora, Ca., for a community sports complex.

Housing starts rose 4.2V0 in April, to a seasonally adjusted annual rate of 1,343,000 units from the previous mo., they were 28.6V0 higher than the year earlier fig.; permits for future home building rose an encouraging 2.8V0 the increases were stranger than many had anticipated. ,

The American Forest Institute has celebrated the 40th anniversary of the American Tree Farm System; Weyerhaeuser Co. started the lst certified Tree Farm in '41 . . . the Ca. State Senate overwhelmingly passed abill e Ii m' inating environmentol imPoct reports for lumber companies

Boise Cascade Corp.has sold its housing div. to Boise Co. a new firm . Celotex Roofing Products Div is opening a I 73 ,000 sq. ft. roofing products plant in Fremont. Ca. Cascade LV'est Forest Products has completed a new small log sawmill at Olympia, Wa., with the planing mill set to start the end of July; production will be primarily Douglas fir . .

Georgia-Pocific has gathered $120 million from five banks to finance a 52-story corporate hq. in downtown Atlanta, Ga. . Dia' mond International has bought back for nearly $66 million more than 1.5 million of its common shares acquired by Simpson Timber last year for $54.5 million . Trus Joist Corp., Boise, Id., has canceled its laminated products manufacturing agreement with Sweden's venerable firm StoraKopparberg...

Fo n t ana Wo od P rese rv ing, lnc. has opened its new Fontana, Ca., wood treating plant . . Decorative Specislties Inc., So. El Monle, Ca., a mfr. of kitchen cabinet doors, is moving to a new complex in lrwindale, Ca.

The Merchani Magazine

Roseburg Lumber Co., Roseburg, Or., has purchased California Builders Supply, Sacramento, Ca., a bldg. products wholesaler, for an undisclosed amount; it will operate as a separate entity, with Nick Elardo as gen. mgr.

Like many other western mills, the Riverside Div. of Willamina Lumber Co., Sheridan, Or. has shut down for an undetermined period Dant & Russell, Portland, Or., has discontinued its hardwood import biz to emphasize softwood lumber and exportactivities...

Rogue Forest Products, Medford, Or., a wholly owned subsidiaryof McGrew Brothers Sawmills, Ashland, Or., has been liquidated after nine years in business

Wey e r h a euse r andFre m o nt Fo res t Products'lumber terminals are being relocated from Pier 83 to new facilities on Pier E in the Long Beach, Ca., harbor M&S Industries is a new overlay Product co. in Vancouver, Wa. . .

Noranda Mines Ltd. has agreed to sell its 28q0 interest in British ColumbiaForest Products Ltd. to Alberta Energy Co. of CalgarY for $215 million (Canadian) GAF Corp. plans to sell its flooring businesses to Tarkett AB, Part of Swedish Match GrouP . Inter' nstional Wood Products recentlY acquired a multi-million $ door manufacturing facility in Santa Cruz, Bolivia. .

Big Pine Lumber Co. is a new Redding, Ca., office wholesaler; a div. of Main Industries, Bieber, Ca., it sells pine and Doug. fir, mostly to the East . . . Build-Co Supply has been opened in Northwest Portland, Or., by Glenn Hayden United Wholesaleis expanding its Montebello, Ca., facility, replacing several old buildings with one big new building.

R.W. Specialties, Commerce City, Co., recently had a successful open house at its new Crand Junction warehouse . C-E Morgan Sash and Door Co., Denver, Co., is being sold to John (Please turn to Page 53J

Hunter Woodworks is now able to deliver pallets to you anywhere across the nation. 0ur experienced sales engineers can help you with your pallet, box, skid, and cut lumber problems in any of the 50 states.

By maintaining a tradition of f inest quality and service since 1943, Hunter Woodworks has become one of the nation's leading pa I let manufacturers.