NTWS BR[ rrs

I|nited Lumber Co. has closed its Los Angeles area Yard; For' est City Enterprises, Parent o{ American In,ternational, o{ which United was a subsidiarY, saicl their 2d h,olf earnings uould be cut by #190,000 due to its liquidation .. . Benelix an'd American Forest Products have gottcn a favorable nod on their Proposed marriage

The ICC says their susPensiott ol the neru demurrage rule will be in ef{ect until }Iarch 31, 1971 . Connor Lumber Co. has moved from Pasadena to San Marino, Calif .; Ilobbs Wall Lurnber Co. from San Francisco to Terra Linda

Permits t'or f uture construction rose 5.3/o, while housirtg starts dropped l0%in August

S&B Supply, N{ontebello, Calif., plan a new plant in CitY of Industry

Ole's Hardware Centers have opened their 7th store, it's in Ha' cienda lJeights, Calif. Blitish Columbia Forest Products Posl' poned building their $5.3 million plywood and t'eneer plant due ttr law demand and depressed prices.

Lt.S. Commerce Secretary Mau' rite Stuns has predicted a return lo intercst rales of 6/o, tho he didn't say when . Nt'|. Assn. ot' Home Builders' president Louis R. Barba sees 1.45-1.5 million starts in '70, thinks 1.6 million is ottuinable in '7 I . .

Bel-Air Door, Alhambra, Calif., is the new rlistributor for Chicopee Mfg,, producers of fiberglass screen clothn and for Phelps Dodge aluminum screen wire div. Ford IVIotor Co. Pro' - posed a ne\{ super-cheapie car for Asian markets that may have a plywood body; possible selling price: $800-$900.... Feather River Lumber, one o{ the biggest sawmill operations in No. Calif., has been consolidated into R. F. i\ikkel Lumber Co., Sacramento.

U.S. Plyruood's net earnings are expected to drop sharply in the 3rd quarter, co. oflicers saY, citing soft demand, labor con' ditions . La Luz Lumber, Alamogordo, N.M., insists the Dresent sh,utdoun of their saw :nU. Otuntng mill is temporarY

The new standard for "hinged interior wood door units," PS 32-70, has been OK'd by the Nt'I. Bureau of Standards; the Nt'I. Sash & Door Jobbers Assn. had previously approved the home building ussn. has hired J. Walter Thornpson, the giant ad agency, to tell its story to an unenth.u siast ic public

The drop in the prime rate ta 7Yz% f.rom 8/o o'should pro' vide encouragement to the mart'' gage-baclted security issues that have been waiting for a break in the market." enthuses Robert II. Pease, head of the mortgage bankers assn. ., B of A now says "an early look at '71 sug' gests the year ahead will be one of restless resurgence" .. ,

Brooks-W illamette, Bend, Ore. has named Panel Tex its particle' boord distributor for the area from Bakersfield, Calif., to the N{exican border... the Ford Foundation has granted an un' disclosed amount to Harvard for a continu,ing stutly into construc' tion industry problems.. Northrop Architectural Systems has moved to a larger plant in Santa Clara,Calif....

Eaans Products has opened its new $9 million plant in Missou' la, Montana Less than 3/o of the 58.8 million U.S. households now own o second, or aaca' tion home . Lumber Prod' ucts had a big opening party in late Sept. for their new plant on N.W.20th, Portland

New simplified span tables for lurnber made under the new PS 20-70 have been submitted to FHA by the National Forest Products Assn.; FHA is nou distributing them to some 3,000 regional offices more than lA/2 acres are naw under couer at Penberthy Lumber's new Carson St. yard.

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