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Specialists In

IQn-dried Frontier Incense Cedar Siding is an affordable alternative to Standard & Better green cedar sidings. Every unit is paperwrapped and contains a twoJength mix,pre-bundled and end-capped for added protection. And Frontier Siding is available in a variety of patterns suitable for a wide range of architectural styles.

Features

J Kln-Died; Dimensionally Stable

J Protectiae Bundling with End Caps

Z All-Weather Paper Wrapped Units

Z 6- to 1-6-Foot lcngths

Z Milled from lncense Cednr; Naturally Decay Resistant, Exceptionally Durable

Remodehg Receeelon-Pt,rcp/t?

Though residential remodeling is often considered recession-proof since hard times tend to keep homeowners in their old homes. remodeling outlays were down last year despite a growing economy.

"Sagging home prices have apparently made homeowners aware that they may not be able to recoup the cost of improvements when they eventually sell their homes," said Lawrence Horan. Prudential-Bache Securities.

From Russia With Plywood

Lumber trade withthe Soviet Union, suggested as a solution to a U.S. lumber shortage (see story page 9), is nearer with Ply*Gem Industries Inc. naming Valery M.Suslov, an officer of the Soviet agency responsible for import and export of forest products, a vice president.

Suslov will be responsible for international products within Ply* Gem's Allied International division. With his appointment, Ply*Gem "has become an agent of the Soviet wood industry" in the U.S., Herbert P. Dooskin, Ply*Gem executive vice president, said. The appointment was approved by both the U.S. State and Commerce departments.

The company will facilitate cash and barter transactions for U.S. buyers of Soviet forest products as well as for Soviet companies needing U.S. made sawmill equipment and machinery, Dooskin said. He sees no' conflict in the appointment since V/ O Exportles, the Russian agency involved, is scheduled to become a joint stock company owned by its employees, the Soviet timber and lumber industry and possibly its customers including foreign companies such as Ply*Gem, Jan. l.

Bankeru Back TreeSource

WTD Industries, Inc., parent company ofTreeSource, has reached an agreement in principle with its lenders that will improve the company's cash position.

It includes restructured principal payments and improved working capital borrowing arrangements, as well as relaxed financial covenants, which will bring the company into compliance with its financing agreements.

"We are executing our plan to cut costs, selectively curtail operations, maximize cash flow. and we remain ready and able to respond to any movements in our resource or product markets that allow for improvement of bottom line results." said WTD president Bruce L. Engel.

"W'TD has managed to maintain a strong ongoing position, despite the worst imbalance in log and lumber prices in recent years. We have also had to contend with repeated published rumors and speculations about our imminent demise. in many cases originated by short sellers of our stock and competitors. The support of our people and our lenders in the face of these operating conditions is gratifying," Engel added.

For The Record

Photo credits on page 9, Sept. | 990 issue, were reversed. The lower photo illustrated Georgia-Pacific paneling, the top, Ply*Gem.