Weyerhqeuser Stock Listed On

the New York Exchonge

Weyerhaeuser Company of Tacoma, 63-year-old manufacturer of forest products, is now listed on the New York Stock Exchange.

Trading began with purchase of the first 100 shares by F. K. Weyerhaeuser, chairman of the board, at a listing ceremony with Keith Funston, president of the exchange.

Simultaneous with the listing, Weyerhaeuser shares were admitted to trading on the Pacifrc Coast Stock Exchange.

Listed on the two exchanges were 3l million Weyerhaeuser shares, The stock, formerly traded Over-the-Counter, was assigned the ticker symbol WY.

Listing originally had been scheduled for Nov. 25 but was postponed because of the death of President Kennedy.

W'eyerhaeuser net sales of about $543 million in 1962 were derived as follows: lumber, 29 per cent; softwood plywood, 7 per cent; hardwood plywood, veneer and doors, 6 per cent; manufactured panel products, 3 per cent; plup, paperboard and paper, 25 per cent; shipping containers and folding cartons' 21 per cent; milk cartons, 5 per cent; and logs and other products, 4 per cent.

The company owns about 2,818,000 acres of timberland in Washington, Oregon and California. Other holdings include about 541,000 acres near a Weyerhaeuser plup and paperboard mill at Plymouth, N.C., about 163,000 acres in Mississippi and Alabama, about 40,000 acres in eastern Canada and about 12,000 acres in Vermont,

Funston said more than 17 million persons own shares of the nation's publicly held companies.

'oThe marked growth in share ownership in recent years is one of the most significant developments helping to reshape the American economy," Funston said. "It has occurred in large part because the shares of so many compatries, like Weyerhaeuser, Lave become more widely available to miliions of investors'"

In the past l0 years the number of W'everhaeuser shareholders has increased from about 4,500 to more than 21,000.

Norton Clapp, W'eyerhaettser president, termed the stock list' ing "an important milestone in the growth of Weyerhaeuser Company."

Wey erhaeuser has paid cash dividends on its shares in every y"u, .in"" 1933. Quarterly cash dividends of 30 cents per share irave been paid in each quarter since the third quarter of 1959'

New Red Cedqr Shoke Grodes, TYPes

Four new grades and types of handsplit red cedar shakes have becn recognized by the Red Cedar Shingle & Handsplit- Shake Bureau, according to an announcement by the industry trade association, Seattle.

The new grades and types, which will carry the Bureau's quality "Certi-Sflit" label, are; 2N' 1 3/*/' Handsplit-a special grade designed exclusively for sidewall use, covering both resa-wn and tapeied shakes. lA' x 3/e" True-Edge Straight'Spli1-4 lgfinsrnsnt o{ the existing 18" straight-split grade with closer edge tolerances' Starter-Finish Course-as the name specifies, a grade for use as the underlying starter course at eave'lines and as a finish course at the ridge where trimming is required. Hip'&-Ridge Units-,the first fabricated product ever to be recognized in Bureau grading rules. It is used for covering hips and ridges.

Industry recognition and issuance of "Certi-Split labels to-these grades and typei result from increased usage of roof and sidewall applications. Rigidly controlled production standards, to assure un-iformity and quality, will be applied to the four new grades and t1pes.