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Loveseelohn lowensteinManhell Lumsdenlacl luoma -

Maurie LurfordAbe Lymanles Lynchleff lynnJohn [mintoshJack ilackeyJim Maher - tloyd Mangrumlloug

MapleBill MarmionBrownie ilartstromBob ilanlottlim MartinRoger Mailinlim llartindaleBob Matsuda -

Jim ilatthewsBilly Maxwolllim MaynardMac ilc0auley - llarry McGauley - llugh Mc0onnellBill Mc0oyRalph Mc0ullouch

Jason Mc0uneStan Mc0onaldYsrnon McGaheySam McGaughcyFistula ilcGogaily

SowllngBill Cowling, Jr.Uoyd Crandall0z Crrnshaw

- Bing Crosbylluans Crow.lim Grumpackerllwight Guran

Dave GutlsrFred DallosGeorga ltavidElll 0avidson -

Don lee llayidsonMiles DavidsonSam DavisBill Doan -

George DeSritzGlrnn DeitrYic Delaurantiloe 0srrat - lbn DietelLeon DichterClyde 0ickersonEd DifaniJack llollarPaul ltouganPhil DubaldiHarry llubinBud Eastman

Steve EastmanDick EggletonStan ElsnerBob EldredgoGalo ElingsenDick Emison - lery EsslayBen EvansJim Fair

Jek FaidieldBill FallertDon Farlsleonard tanisLyle

FarrisBob FaselIony FeigerJohn ForgusonFitz Fitzpatrick

Glenn Forney -Henry FossGrew of tug M/V HEI{RY F0SSEd fountainCharlle FoxEwen FrassrFrank FroidonbaughBob FremdBob FujimotoBob Gallegherlohn GanahlPeto

GanahllVayne GardnerBen 0ardinerMar GarmonGone

GauthierJim Gau$ierBob GaylordGeorge GeibPeter GaibTom GeijsbeekPhil GilbartDonny GilchristJim

GilchristGene GirardJunior GloverDale GoodwinJim

Gormanlohn GrayRichard Graylen GreenEv GuornseyAlan Hale, Jr.John Halsted8ob llalvorsanlohn HamptonEill HanenBsn llansbergerBob HanssnCaptain Kris llansenJohn HarmerRonnie HarnewMate Rick llarrellFrank HarringtonJim llarringtonStuart Hanlslvan HartBob lla0awayNorton HathawayButch llrbarleJay Hebert

Don HelmigJim llendrictEill HsndonDonny llesslerry

Hicley -Don lllgginsAnn lligmanDan lligmanJerry Hignan

George lllraokaRon HiteEert HoldrenFred Holmas -

Ron HoplinsElll HormuthJim Hormuthlacl llostetler -

Ross llostetlsrSherm ||oytlack llughey8ob Humphrey -

Bill HunterGeorga llunterCy lningMate Robbie lyes -

0ict JahrausMike JamesonChuck JenkinsHanI Jensen - lohnny Johnson - Lary JohnsonScrap lron Johnsonleonard

JonesStan lkufmanDan lGllerTim Kellerlohn Kelley

Russ [eltsPhil l(eltyA. t. lGrperMead lfibbeyRoger

KnoxBill l(nudsenTsd lhudsrnEill lbttardlowell l(olb

Mams KoulourisGarl l(ufferathlohn l(yncyBill LeGrange

Wally laitloyd Lalerlou lakeGus "Cookie" lamailine

John laniganHenchol LarrickMil lanonlcon lauderbach

Bob Lawderlynn taytonMike LepagcAl LewisBob lindahlBob lindermarJim [indermanJack LindsayWarren lindsayWally LingoJohn LipaniGrant lovagronColin

SaundersPaul SauseFred ScaifeDick SchillerBob ShannonEill Sha4Dean ShortJate ShugrueEd ShumanSeorge Schmidbauarl(en SchmidkeJeanette Sharel{orm SiefkenBob SisversCharlie SiffordGill SissonsClark SmithDor SmithHarold SmithRay SmiS

Walter SmithCliff Sn00tEl Snopestlem SnopesStail SowersPaul SparsoDuke SpeorRoy SpencerPatr SpratGala StaffordPaul StakeFrank StangerStan Stenlalellon StobaughEd StonarCapt. Bob StorckBob Sullivanlohn SulliyanOon SundstromIom SuppleFred SuvortrupHerb Suverlrup - Jo[n SuverkrupWally SwamonDon SwartendruberIony Takashimailerl TannerPhil laylor -

Walt laylorJohn TennantHarry TerrellHarvey TerryFred lhomsonAl ThrasherIim TimmermanTed lissJohn

IranbergRex Vowellllal Wagnerilitch WagnorMike WalshGil WardIerry WaroJohn Weaverlloward Wellman80b WellsHarley Wernerfrank WesUaleJohn WestonWarren WerlerHal WhitcHarry WhitoCayce Whittenlim

WhittyHugh WllholtGoorge WilliamsDave WillisChet

WilsonCecc WlngardSam WingateBud lVimberlySam

WltsolSterling WolfoGordon WollardTim WoodLes WrightPat YoungJack Zalaha.

Western wholesalers' meetings

THE st'rr,nth ,,I th,. t'iglrt mcllI inss that the \urtlr .\mcricun Wholesale Lumber Assn. ht'ld on the \Vest Coast rer:cntly rvas this gatherinpJ at the Balboa Bay Club" \nv. port [icach. Ca.. that dlerv 75 lumbermt.n.

Horv to cope rvith inrrreasing govel'nmont pressures on prices and profits \!as verv much Topic No. i. Jack llulrooney. exec. vp. of NAWLA. noted that most rvholesalers are compll.ing uith the prir:e regs., but that about tlO!i arc havin:r grief with the prolit rules.

A primary problem is to demonstratL. to agents that 1'ou know the rules as well as the agents do. Rooney counseled. Most asents will tell

Story dI d Glonce

West Coast series of assn. meets brief members on federal price and profit regulations and how best to keep legal in a confusing maze of federal regulations.

,r-ou. he said. that "tht:y don't know rvhat the hcll they're doing." N{ost agents are reasonable. he said. the rub coming from tlre fact that tht: rult: rvriters at the (lost of Living (,ouncil are out o{ touch rvith reali. t ies.

As close to letter-of-the-larv com- pliance as possible was urgcd as this can often be an important factor in mitigating any penalties that might be assessed {or failure to meet rerluirements. Firms under the $5 million annual glo-.s fieurt: would be u't'll advised, rclated Mulrooney, to keep the same rc<:ords as those above $5 million. even though not required to {ilc. 'lhe reasoning is that they cun b,' used to justify cuslomary initial markup. nct profit and relatcd items.

Al llaxter" vp., National l'orest Produt:ts A-..'.n. and prt-sident of the J.H. Baxter (,o., San l'rancisco. spoke on \l"PA's role in W-ashington and the rt'-sultant benefits {or NAWLA members.

NFPA Annuql Eyes 1973

"Prophecies, Politics and Products" themed the NFPA Fall Meeting during late November in Scottsdale, Ariz., as the association's directors took steps to strengthen forest industry positions on a variety of key issues.

Representatives of NFPA's 24 federated member associations assessed the outlook and impact of economic policies and projections as they will affect business operations in the months ahead. In programming for the future the industry also considered the political climate and likely legislative developments when the nerv Congress convenes in January.

The 1972 TEAX,I Congress, which preceded the NFPA meeting, and was chaired by NFPA lst v.p. Alfred X. Baxter, took a comprehensive and collective forward look at the total spectrum of wood products industry resource and marketing problems. The Congress marked the first time that the industrv's marketing and product specialists have met jointly with its resource experts to consider problems and opportunities in both areas, The assessments and subsequent recommendations of the Congress by some 100 experts were based on visible trends indicating a growing gap between timber supply and demand and increasing market competition from non-wood materials.

Dr. Saul Klaman, chief economist for the National Assn. of Nlutual Savings Banks, predicted that credit iu 1973 "will be ample to meet demands" for home mortgage lending. He said any subsequent periods of credit stringency "will not find housing as weak a competitor for funds in the capital markets as it has been in the past."

He pointed out that far-ranging changes in the struc. ture of mortgage finance will place the housing sector in better circumstances to compete with other economic sectors for its share of credit. He expressed concern over "the economic, political and social cost of the deepening federal encroachment into private markets." Dr. Klaman said this makes it important that the competitive efficiency of private mortgage.oriented institutions be improved.

"Potential markets for forest products in the 1970's will far exceed those of the 1960s and 1950s and will be stronger for a longer period of time," Edwin W. Magee, Jr., exec v.p., MacKay-Shields Economics, Inc.. told the meeting. He said residential demand will edge downward slightly from the exceedingly high levels of l97I-72, but will remain extremely strcing compared with any sustainable markets developed in the 1950s and 6Os. He also predicted that rising non-residential dernands will offer additional growth opportunity. Both sectors, he said, will "contribute strongly to expanding demand in satellite industries,o' including household furnishings.

Discussing the outlook and impact of controls, productivity. resource availability and product acceptance, Dr. John Muench. Jr., NFPA forest economist, -.aid the federal price corrtrol program has produced results not intended in the Economic Stabilization Act.

"Although the forest products industry has been producing at record rates," he said, "it now appears that the control program is providing disincentives to improving or even maintaining these rates," He pointed out that federal officials indicate the industry will be forced to comply with control regulations that are inappropriate for the intense demand faced by the industry in a tight raw material supplv situation.