NEWS BRI EFS

Ceorgia-Pacific has acquired, with stock, rhe Hed,lund Lumber Co. and Box Canyon Lumber Co. and its subsidiary Lone Lurnber Co. The firm's operations are in Washington and ldaho; they are nnt connected with Hed.lund Lurnber Soles, Inc., No. Highlands (Sacramento), Calif. glaomy pred,ictbru from the National Association of Home Bldrs. re '69's housing starts, call for a fall below the one million level. .. other experts disagree, though.

Resid,ential construction will go from $24.6 billion in 1967 to $55.9 billion in '75 and by 1980 it uill be at #77.3 billion says the National Planning Assn.

Robert Weston ol Boise-Cascade proposes giving a preferential tax break to single family residential mortgages . effects of Hurricane Camille on the southern lwnber market are exp.ected to last another 4 months the Mt. View, Calif. planners have OK'd a lumber yard-nursery for the San Antonio shopping center C-P sales {or the 1st nine months oI '69 exceeded $900 million ; profirs ol 70 milJion represent a 25/o increase

Vermont's newest cooered' brid,ge, first in 80 years, has no metal in the structure I it's held together with oak pegs; should last 500 years say its builders . Plywood, Factors, 1nc. opens its sth Mr. Plywood store this mo. in Portland; property for a 6th has already been bought in De'nuer . . they seek additional sites in Portland.

Presiilent, Nixon's cut of.75/o in federal construction contracts has created no joy yet with builders who fail to see any short term benefits . . nuclear energy and liquiil plastic were used to strengthen the t&g strip maple floors of a Eugene, Ore., bakery; American Nouawood, did the treat' irg'.

Wider credit for mobile homes has been scorned as 'oparticularly and unfortunately ill-timed" by the home builders association Ford Motor Co. has acquired a minority interest in a small Calif. mfgr. of structural boxes that can be put together into homes ol aariaus sizes Forest Service says wood use in homes has risen from 10,000 bf. to 12,900 bf.; plywood use is also up.

Since 196I, $24 billi.on has been spent to put man on the moonl more than fiae tim.es thnt amount-$l2S billion-has been spent since 1961 just to Wy the interest on the national debt!! .

HflD Secretary George Romneyhas now joined others (see above) in predicting an annual housing start rate below one mil' lion; he blames climbing interest rates and construction costs Crown Zeller' bach Canada Ltd. said it plans an S80 million forest products complex north of Vancouver .. Cold'f.eld' Corp. has agreed to buy timber rights to about 1l million bf. a year in Canada; also to acquire Canad,ian Plywood, Corp.

Presid,ent N-ixon named Eugene Gul' ledge, president of the Nt'I. Assn. of Home Builders, to head FHA; the sena'te tnust confirrn first ... Kaibab Industries plans to buy the Welch Planing MiII, Midvale, Utah ... Columbia Plywood Sales Co. has changed its name to Colurnbia Interna' tional lim Walter says they may jump into the mobile home field in a big way ...

Weslern Lumber t Bullding Moleriols

MERCHANT

Bohemia Lumber Co. is building a $1.2 million laminated timber plant at Sagi' naw, Ore. I completion due this spring the moulding and millwork producers association has joined the Arnerican Wood, Council ... Eaans Proilucts has acquired Kicking Horse Forest Products in B. C. lor $13.8 million; it had been a wholly owned subsidiary of Cyprus Mines Corp.

A $250,000 fire at the Big B Lumber' teria in Oakland, Calif., soon a{ter the $2 million J. E. Higgins fire, is belieaed' by sorne to be the work of aiolence'oriented, rninority groupsi more than one million ft. of lumber were lost by Big B...UnHs '68 cut of 61,783,000 bf. supplied only abor/c 3O/o of the state's need Masonite plans a 2-for-1 stock split

E. !. Stanton plans a move to a new lo' cation in Cerritos (Los Angeles) about the first of the year ... New rnailing aild,ress of the Mt. States Lumber Dealers Assn. is 254 So. Sixth Easg SaJt Lo'ke City, 84L02, tel. no. stays the same ' a million dollar Hanilyman do'it-yoursell center opens in Concord, C,alif', in early Dec. ' ..

(i. S. Plywood'Champion Papers is being sued by Nt'I. Cash Register ouer & pr(rcess used for carbonless paper ' final closing price on the sale of Dierks Forest Prod' ucts to Weyerhaeuser was $317 millian; below the $325 million previously an' rrounced . . "certain liabilities" was the only explanation given..

Elliott Bay Lwnber Co., Seattle, Wash., has changed its name to Woodtape, Inc. C-P ha-q inked an agreement with the Republic ol Indonesfu. to develop more than 800,000 acres of their prime tropical hard' wood, rai,nloresls . . . the Amozon reginn of South America is the worldls largest ttop' ical hardwood area.