NEWS BR[ETS

l'he chiel econom,ist of the New York Stock Exchange, WiL liam C. Freund, has privately surveyed 19 top economists, all see r:igorous economic exPansion, lotuer empl,oyment, high corp. profits anel lou,er ernployment in t972...

The economic outlook {or both the stock market and business in general remains bullish. according to the Merrill Lvn,'h Reuiew. published by the nation's largest brokerage hou-"e Calif., which accounts for more than half the West's et:onomic ou,tput. t'will recorcl a much improved outlook in 1972," says Bank of America, though local overbuilding could lrrorluce reol prohlems if it continues

Alth,ough some int:quities appear to be developing in Presiclent Nixon's Phase II prr:gram, the Western lumber inclustry supports the progranl, according to John Hamllton, pres., Western Wood Products Assn. ., support for the program has continued t'rorn airtually all segrnents in the West, despile an inadequate f Ioru of explanatory information from the federal government ,

At this writing, the con-qensus is ahoul 2-to-l for o rcsumption of the West Coast dock strike when the 80 day injunction exlrires l)ecember 24. look for a step-up in t'ederal artiuity to halt another -ctrike as the B0 day cooling off period nears an end. ..

Sutherland Lumber h,as opened a new cash ancl carrv vard in Iloulder, Colo. Plviuo'od Center has mour:d lo a new location on Beaverdam Rd., Beaverton, Ore., the county board for

Chico, Calif., has ok'd a permit lor a lumber yard, on the west side of the Esplanade, north of town Build.ers Emporium has a new store in,Visalia, Calif.

Sierra Pacific Industries has purchased Herron Mills, Redding, Calif., for an undisclosed arnount . Euans Products has oJrened a 102,000 sq. ft. plant, City of Industry, Cali{., to make bi-fold steel doors and frames uncler the Rediframe name ,

Eaans Lumlrcr Ycrrl, Heppner. Ore., was razecl in a $60,000 fire early last month Cut-Rate Lumber is a new firm in Olympiao Wash.; it's managed by David Flulbert Bert Kinzig, the new prexy of WBIIA, recently sokl /zis Holbrook Lumber Co., Scappoose, Orc., to Cordon and Lyndon Farrell ..

LounsLtarrv & Harris have sold their venerable San Fernando Rd. yard to K-Mart, which will put ul) a store on the site; L&H are moving to a new yard on Santa N{onica Blvd., Hollywood . .. the Curroll Pellet C,t., L.-{., has r:losed doivn and auctioned off their equipment, Potaell Lumber, Powell, S/yo., has purchased additional land for expansion . .

4urora Builtlers .\upplJ', Canbyo Ore., has been sold to Niels Froslev, no price was revealecl HiLmer [,umber, Inc. is a newly incorporated Merced, Calif., firm for the sale o{ lumber and construction materials Ctl,S Plyrcood opencd their Iatest and largest Bay Area store in mid-F'all in East Oakland .

Housing starts in October popped back up to an annual rate o{ about 2.1 million following a sag in September; they are about l)0/o ahead of the some period Last yeor. . . the West leads in '71's dramatic increase in housing starts- a lrcad. 44/o -accor cling to F. W. Dodge

American Forest Products has been named exclusive marketing agent by Standard Structures for their laminated bearn prod,ucts in A,rizona and other k"y Southwestern markets Kaiser Cement & Cypxtm is building a $350.000 cement distribution plant in Spokane, Wash. ... Mouldings. /nc. has opened new distribution, centers in Tempeo Ariz.. and Denver, Colo. .

Huntington Wood Industries is the new name for the 45-year old, Springfield, Ore., Huntington Shingle Co. . . . lumber production in September dropped 1.5% f rom Aug., but was up 8.8!o ttae.r the preuiou,s Sept. . C-P has donated materials /or a roadside exhibit on the Tillamook I'oresr built by the Ore. State }{wy. Dept.

A possible f urther drop in the. prime lending rate, this time from 51/.:% down to 51/+%, is being rumored; lst Nat'I. City Bank's floating role was cut to 57s% the Federal Reserue Board has cut the discount rate to 4%% from 5/o while rates on olher financial instruments were alreadyrising...

Recorrl soItu,tncl plvwood production in '71 and an even brighter market {or'72 has been forecast by the Arnerican Plywood Assn. . Eaer,/$1ve17 Doors recently became the lst firm to produce on,e-million steel clad doors Patif.t: South,uest Ha.rdware lssn.. is opening a lab store for testing and training .

Const,ruction contract, awards continue -qtrongr reports F. W. f)oclge: trend indicates construc. tion rvill be a mojor stimalant to nert rear's apparent economic pop-up. savings growth at S & Ls in the 3rd quarter reached a record high: the feds have eased their reserve rules, thus freeing more money for lending on houslng.

New Stqndqrd Stretches Supply Savings in lumber used in light frame construction have gained im. petus from two recent developments, Western Wood Products Association advises building material dealers and distributors.

Of real significance are generally increased spans allowed for wood joists and rafters under tle new lumber standard. Making this possible were ttrepetitive member valuest' and use of stress increases for "duration of loading."

Second development is the acceptance of 24" spacing for wood studs in load-bearing walls by the research committee of the lnternational Conference of Building Officials.

New Sqn Diego Club Ofiicers

The new president for'71j72 oI San Diego Hoo-Hoo Club 3 is Milt Olsen of Frost Hardwood.

Other officers are Bob Croy, vp.; Wayne Raney, jr. Hoo-Hoo; Harold Morgan, scrivenoter I Ken Fritz, bojum; Gene Huckstadt, jabberwock; Dick Wylie, custocatian; Ray Prell, arcanoper; Tom Wylieo gurdon; Bud Baker, sec-treas.; Ron

Angelo, vicegerent I Bill Olmstead, state deputy snark.

New Lumbermen's Club

The newly formed Feather River Hoo Hoo Club #231 is ofi to a rousing start. Recent election of officers saw Jerry Rawson, Koppers, elected president; Al Strom, F & M Lumber Co., vp.; Roger B'ellvail, Erickson Lumber Co., treasurer; and Don Crane, Crane Millg secretary. The group draws its membership from the Oroville, Corning, Marysville and Quincy areas.