OBNTUARIES

John T. KingSr., 65, retired sales manager of O'Malley Mill, Phoenix, Az., died Aug. 5, 1990, in Phoenix.

A 32 year veteran of the lumber industry, Mr. King also worked in sales for Champion International, McCloud, Ca., and as sales manager of Southwest Forest Industries, Phoenix. He retired from O'Malley this year.

He also served on the board of directors of the former Arizona Lumber & Builders Supply Association.

Mr. King is survived by his widow, Eleanor, one sons and one daughter.

NationalSells Sob Strong Units

Although National Lumber & Supply, Fountain Valley, Ca., has thrown in the towel, holding liquidation sales at l0 of its 12 remaining stores, the company name may not disappear entirely.

Company president Mel Jaffee has purchased one of the chain's healthiest stores, in Cathedral City, Ca., along with non-exclusive rights to use the National Lumber name and exclusive rights to mascots Shorty and Cheap Chicken. The bankruptcy trustee retains the right to sell use of the name to buyers of other vacant locations.

Builders Emporium, Irvine, Ca., purchased the other profitable unit, in Encinitas. Ca.. as well as a vacant store in Southgate, Ca. Jaffee had also tried to buy the Encinitas store, but the sale was snagged by protests from creditors and owners of the site.

Kuwaiti Firm Near Normal

Kuwaiti-owned Western Lumber, National City, Ca., is operating as usual despite a freeze on the country's U.S. assets aimed at preventing Iraq from seizing them.

The U.S. Treasury Department has granted several exemptions, providing the government Iraq has established in Kuwait won't benefit financially from the U.S. firms. "We have no other restrictions than that we are not supposed to transfer assets to the government of Kuwait