NEWS BRITTS

Money rates continue their relentless and nzt-so-slow climb up from the 6Vo prime rnte ol lan. 1, a Chicago bank went to 73/+Vo about IVz weeks after the previous /+ Vo hike, rate is expected to become uniys15al-if the federal government doesn't slap them down

The quick hike was ionsidered poor timing in view of President Nixon's price freeze; even tho interest rates are exempt, it could bring congressional pressure for mandatory controls many bankers are still forecastins a quick move to an 8Vo prlme rate

Housing starts climbed in May for the Ist time since lan., surprising a no. of "experts" who had expected a continued decline; rate was 2.43 million, up l0.7Vo from the mo. earlier andup 4.8% from a year earlier, bldg. permits rose slightly and the "experts" stuck to their guns and said the rise was an "aberretion" .

Hassles and hearings continue to mark the movement of the Packwood-Stevenson and other log export bills as Washington legislators seek a compromise that will satisfy (up to ? point) varlous pressure groups that have made considerable efforts to get their ideas put into law gYestern homebuilders at the Pacific Coast Builders Conference in San Francisco charsed that proposed log export contiols would do nothing to solve lumber sttpply / price problems ; they claim stricter controls are essential .

Louisianu-Pacific has agreed to buy Hegewald Timber Co., Stevenson, Wash., for about $4 million; acquisition will go into L-P's newly forming Columbia Corridor Div. (see related story on p.27)...

Arthur A. Pozzi Co. has purclzased Cal Custom MilI from the estate of the late "Bud" Oliver for an undisclosed amount; operating under that name, the gen. mgr. is Don Muller, president, Iohn P. Gilbert a big open house has been celebrated by Maeser Lumber & Hardware, Vernal, Utah, by new owners Norman McGregor and Jay Page. .

Bowman Lumber, Roswell, N.M., has purchased the Atlas Lumber Co., Las Cruces, Bowman also has stores in Artesia and Carlsbad; no price was revealed for the sale . . . U.S. Plywood has closed their Redding, Ca., lumber and plywood sales office, the Eugene, Ore., office now handles that business

Kinzua Corp.. is building a $3.5 million plywood plant ai its green veneer mill at Heppner, Ore., plans call for a March start up . . . Ultra Value Panel Corp. is constructing a $500,000 panel prefinishing plant at Longview, Wash., annual sales forecast: $2 million Bohemia, Inc. is working on a $2.5 million converting plant at Eugene, Ore., to convert bark into cork, wax and plywood adhesives

The 3 (Jnimart discount stores in Greater San Diego are adding home improvement centers, complete with lumber and bldg. supplies;the one in El Cajon recently celebrated a grond re-opening that displayed its facelift, the ones in Vista and University Heights will be changed this fall

Lumber City has opened its 7th store, Simi Valley, Ca., . . . the chain is owned by Neiman-Reed Lumber Co. (now 25 years old), planned is an 8th Lumber City for Valencia Hoyt Forest Products is a new Portland wholesaler, begun by Chuck Hoyt who was with Puget Sound Timber Products

Reports have it that luture additions to the Hubbard & Johnson cltain in no. Calif. (now a div. of Evans Products) will carry the Grossman's narne, which Evans uses on its other retail operations; Grossman's recently opened its 200th store, in Milwaukee, Wisc.

The Imported Hardv,ood Products Assn. has deserted the West as a locale for its annual convention for the 1st time. no. 18 will be at the Sonesta Beach Hotel. Key Biscayne, Fla. . Builders Emporium says its Gay 90s Old Fashion Celebration, held at its 39 Ca. stores, was a bighit, store personnel grew beards, wore 189A's clctthes and decorated with antiques

The Union Pacific RR has won a silver and a bronze medal in the E. H. Harrison safety contest the Southwestern Lumbermen's Assn. and the Nebraska Building Material Dealers Assn. are mersing, new name: Mid-Ameriia Lumbermens Assn., more than 2i25 dealers are expected to belong

An $800,000 fire destroyed virtually the entire Southern Lumber Co. facility, June 19, in a spectacular fire (no cause yet known) that drew huge crowds to the 3 alarm blaze; renown for its Wood Museum and hardwood inventory, it's owned by Ed Pohle, managed by his son, Bruce, and was featured in The Merchant, Oct.,'7'1, pp. 6-7 ...

L o ui s i an a- Pac ifi c haspurch ased a sawmill, planing and dry kiln facilities and timber rishts from Plumas Lumber Co., hfarysville, Ca., for its Oroville div. Western Plywood & Door, Inc., Denver, is bldg. a $1.25 million plant and office complex Georgia-Pacific has opened a new, 93,000 sq. ft. bldg. mtls. distribution center in Anaheim, Ca., mgr. is R. J. Harrison.

Juty

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

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

Trade Shows Ltd.-July 22-27, 77th Calif. Gift Show, Biltmore Hotel & Los Angeles Convention Ctr.

National Retail Ilardware Assn.-July 22-26,74th Annual Congress, Hilton Hotel, Portland.

Black Bart Hoo-Hoo Club 181-Iuly 27, annual b'b-q and swim, former Bill Moores' home, 490 S. Highland, Ukiah. Ca.

Y[estern Building Materials Assn.-July 31, executive committee meeting, Bomans, Ore.

August

Tacoma Lumbermen's Club, Inc.(date to be announced), annual golf tournament, Tacoma Country & Golf Club.

National Woodwork Manufacturers Asgn.Aug. 8-10, meeting, Del Monte Hyatt House, Monterey, Ca.

W'estern Wood Moulding & Millwork Producers-Aug.8-11, annual meeting, Kona Kai Club, San Diego, Ca.

Black Bart Hoo-Ifoo Club l8l-August 19, family b-b-q, Harwood Grove, Branscomb, Ca,, 2 p.m. on.

Loe Angeles Hardwood Lumberman's CluLAug. 14, meeting, Steven's Steak House, City of Commerce, Los Angeles IIoo-Hoo Club No. }-Aug. l7-meeting, Palos Verdes Country Club, Palos Verdes.

Humbolt Hoo-Hoo CIub No. 63-Aug. 24, l6tir. annual golf tournament & Stag Nite, Baywood Golf and Country Club, Arcata, Ca.

58th Denver Gift & Jewelry ShowAug. 26-29, Denver Msrchandise Mart, Denver, Colo.

September

Natlonal Assn. of lfome Builders-Sept. 9-16, National Home and Apartment Week.

Los Angeles Hardwood Lumberman'e ClubSept. 11, meeting, Steven's Steak House, City of Commerre.

Los Angeles Hoo-Hoo Club No. 2Sept. 14, meeting, Huntington Sea Cliff, Huntington Beach, Ca.

Shasta Lumbermen's Golf TournamentSept. 14, 10th annual, Riverview Country Club, Redding, Ca.

19th Phoenix Gift & Jewelry Show-Sept. 16-18, Phoenix Civic Plaza, Phoenix, Ariz.

Western Wood Machinery & Furniture Supply Fair-Sept. 2l-24, 9th annual, Anaheim Convention Center, Anaheim, Ca.

Western Wood Products Assn.-Sept. 22-26, fall meeting, Newporter Inn, Newport Beach, Ca.

WHAT'S HAPPENING?

Keep us posteil on your club or group's upcoming meetings. But be sure and submit thern at least seuen weeks belore the eaent to make sure there will be time to list them in an issue in circdaiion before the big, day happens.

Aluminum Under Attock

Aluminum makers are being attacked by environmentalists as a big offender in the nation's energy crisis.

They claim the industry devours electricity to make non-essential products that could be produced from other materials with far less power. The aluminum industry contends that stepped-up recycling is reducing the need for power and cutting down litter. A study made for the National Forest Products Assn. estimated that 35.6 billion board feet of lumber wdre produced in 196? at an esti. mated 430 kwh of energy per ton. Production of aluminum required 17,000 kwh of electrical power per ton, which may consume as much as seven tons of coal to generate. An additional ton of coal would be used as anode material in the aluminirm produetion process.

Second Home Mystery

An interesting puzzler turned up in some statistics from Property Research Financial Corp. of Los Angeles.

Noting that there are some 2,890,000 second homes in the United States and that 4.6/o of American families own second homes, whom would you guess owns most of these second homes, those with incomes over $15,000 or those over $25,000?

The answer is none of the above!

Families with $10,000 or less incomes own 43/o ol second, homes in America. Those with incomes over $15,000 trail with 33Vo. This finding flies in the face of what you would expect, and no reason for the startling data accompanied news accounts of the report. Anyone out there have a clue?

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