Bea,r4fr \a) plus a, Big Bonrrs

Fu nit ure- Qvollty Wood W inbws look right for homes and theY are right. R'O'W offers the warm enduring beautY of wood in a full range of architectural styles. Modern R'O'Ws eliminate the problems of corrosion, rust and condensation'

Johns-Mqnvi Ile Reports Record Scrles

Nerv York, Jan. 27-In 1953, for the fourth successive year, Johns-Nlanville sales volume set a new high record, I-. NI. Cassidl', Chairman of the Board, told stockholders in tire companv's 95th anniversary report mailed tonight.

Sales were $252,642,136 in 1953, compared u'ith $244,707,54O in 1952.

Consolidated net earnings of Johns-X{anville Corporation in 1953 were $19,66I,112 or $6.20 per share of common stock compared with $22,b19,951 or $7.14 per share in 1952. The 1953 earnings u'ere equivalent to 7.8 cents in the sales dollar.

Dividends of $4.25 per share were paid on the common stock in 1953, the same amount as in 1952 and 1951. Dividends paid in 1953 amounted to $13.172,699. There v'ere 3,172.084 shares of common stock outstanding at the end of 1953, compared with 3.16f'544 at the end of 1952.

Before taxes of all kinds, 1953 earnings r,vere $40,397,510, which rvas $5,285,834 less than in 1952.

All taxes in 1953 amounted to $20,736,098, including $15,000,000 levied on United States and Canadian income. In 1952 taxes u'ere $23,063,393, including $17,110,000 levied on in.come. Excess profits taxes in 1953 were $370,000, compared u.ith a refund in 1952 of $580,000 of excess profits taxes due to a carrv back credit.

Neu' projects during the year includecl completion of nerv facilities for the manufacture of moulded packings at l\fanville, N. J., Flexboard and corrugataed Transite sheets at Pittsburg, Calif., and Transite pipe at Toronto, C)ntario; virtual completion of additional facilities for floor tile at Manville ; partial completion of equipment for nelr' types of inclustrial insulations at \\'atson. Calif.; ancl the start clf expansiorr of friction materials facilities at Waukegan, Ill.

Exclusive Palenled C.onslrucliolr permits quick removal. Springcushioned metal guides prevent I sticking or rattling-insure a j permanentyear-roundweather seal. Repeated checks find first R.O.Ws functioning perfectly after L2 years of service.

E. M. Andrews Joins Levinson

E. M. Andrews, formerlv manager of Capitol t'lvu'ood Co. of Sacramento has joined the sales clrganization of Benj. Levinsor.r & Co. oi Seattle. exclusive \\'estern sales representatives for nrarruiacturers of cloors, harclu,ood anrl softu'ood Dlvluoocls ancl relatecl rvood products.

"lrcl" as he is knorvn to his nranl iriends in \\;estern building supply circles. 'rvill heaclqu:rrtcr ir.r Denver from where he rvill call on the trade irr Colorado. \\'voming. Eastern Nlontarr:r. N,rth rrntl South l)akota and \\'esterrr. Nelrraska.