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July

Western Building Material Assn. - July lS16, board meeting, Village Green, Cottage Grove, Or.

Dubs Ltd. - July 19, meeting, Meadow Country Club, Fairfax, Ca.

San Diego Hoo-Hoo Club - luly 21, annual golf tournament, Cottonwood Golf Course, San Diego. Ca.

7fth Cdifornia Gift Show - July 2t-26, Biltmore Hotel, Convention & Exhibit Center, Merchandise Mart, Los Angeles.

Western Packaging Exposition - July 23-25' Brooks Hall, San Francisco.

Black Bart Hoo-Hoo Club - July 26' b-b-q, Ukiah, Ca

August

Orange County Hoo-Hoo Club - eug. l, meeting, (place to be announced).

Rogue Valley Hoo-Hoo Club - Aug. 2, annual goll tournament, Rogue Valley Country Club.

lnland Empire Hoo-Hoo Club - Aug. 2, golf tournament, Lake Alrowhead, Ca.

Nationdl Woodwork Minufacturers Assn. - Aug 4, mid-year meeting, Antlers Plaza Hotel, Colorado Springs, Co.

Western Wood Moulding & Millwork Producers - Aug. 7-9, annual meeting, Jantzen Beach Thunderbird, Portland, Or.

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

Los Angeles Hoo-Hoo Club - Aug. 9, meeting, Palos Verdes Country CIub, Palos Verdes. Ca.

Lumber Association of So. Calif. - Aug. 15, Board of Directors meeting, (place to be announced).

Dubs Ltd. - Aug. 16, meeting, The Villages Country Club, San Jose, Ca.

Of all his community and charity work, Dee is most proud of his role in the founding and building of the Presbyterian Intercommunity Hospital.

Starting as a steering committee with the grand sum of $1,000 in 1953, he has seen it grow to become the town's largest employer, with a payroll bigger than the City of Whittier (population 73,400) for its 800 employees and possessing a four story, 347 bed facility that covers much of the 26 acres of land it holds. Typical of the man, he said he en- joyed playing Santa Claus for the kids at the hospital for 25 years as much as anything.

When he retired this spring after 20 years as president of the corporation that runs the hospital, he was not only saluted with an enormous banquet with several hundred present, but received a telegram from President Richard Nixon acknowledging the contributions to the community he has made.

Somehow he also found time to take an active part in Hoo-Hoo, (Please turn to page 46)

Sierra Pacifc Industries plans to go private (it was listed on the Amex until May) if a reorganization plan is OK'd by stockholders this mo .... SPI would purchase all outstanding shares of chairman John B, Crook and his family, leaving: president A.A. "Red" Emmerson and his family holding substantially all of the outstanding shares . . ,

Revamping of SPI is seen due to irreconcilable diferences between Emmerson, who wanted it to remain basically a lumber co., and Crook who sought diversification to help eliminate the ups and downs of the lumber business .... the approx. $24.6 million paid for Crook's stock would be paid in cash, notes and certain assets....

William E. Baugh has been elected pres. of the North American Wholesale Lumber Assn. al its 82nd annual meeting, Banff, Canada; he heads his own consulting firm in Newport BEach, Ca. .. .. we'll have a complete rundown on the convention in ournextissue....

Following an upward move to llsfa% of the prime lending rate {the bankers' most favorable rate for their best customers) there w&s pressare in the money morftels as we went to press for an advance ta lTvo, which would be yet another record high ....

Inevitably,-the no. of housing starts continued to slip as money rates rose ..., May's fig*: show an ll% decline fram April, p€rmits slipped l9vo, a whopping 4 3Vo belaw sjTs, preuiCI:;ui.;?d*y'/at e; on a seasonally, adju*td,'annual rate, May's starts wefe :a|,ths l,450,0m level

Despite the prirne rate's sesming attempts to go into orbit, several noted economists have be*n: sticking to their guns in forecasting cheaper S8 by this Fall ,. . . Preston Martin, exhrad of the Fed. Home Loan Bank Board, recently said hous-