Y STOCK

been won once by Charles Howe of the Credit department and I. S. Brown of the Retail department. E. K. Bradfield won permanent possession of the first cup donated by Warren B. Wood Harry V. Hanson, former secretary of the California Panel & Veneer Co., Los Angeles, has joined General Paint Corp. He was the first employee of the former firm . . E. D. Kingsley and G. A. Kingsley of Linnton, Ore., visited the offices of Wendling-Nathan Company, California agents for their

Leosing of Solesmen's Autos Goining in Lumber Industry

Oregon mill Bill South joined the San Pedro Lumber Co. as L. A. salesman . T. A. H. Taylor, Red Cedar Shingle Bureau representative, spent a rveek in the Bay area J. E. Atkinson was appointed manager of the rail dept. in Portland and G. R. Kendrick was made sales manager in San Francisco of the Chas R. McCormick Lumber Co.

Committees named by General Chairman Larue Woodson and SecretaryTreasurer Carl Moore for the Aprll 26

The lumber industry leased approximately 2,500 automobiles in 1959 in fleets for its salesmen, a gain of I5/o. This was the greatest number of autos ever leased by the industry and it is predicted that 1960 will show another l5/o jump, it was disclosed by A. J. Schoen, president of Wheels, Inc., Chicago, the nation's leading auto fleetleasing firm.

Schoen said that leased autos now comprise 33/o of the cars used in the industry and are worth $6.5 million. Another 27/o are company-owned and 40/o are owned individually by salesmen and used by them for business.

Major reasons for the growing use of leased auto fleets, according to Schoen are two: (1) company-owned auto fleets tie up too much r,r'orking capital, which companies can use more profitably in modernizing plant and expanding sales, and, (2) mileage payments to salesmen are tending to increase more rapidly than actual costs, making leasing more economical than using salesman-owned cars.

(Readers interested in an objective analysis of the costs of different methods of fleet operation, can obtain a new study entitled, "Advantages and Disadvantages of Auto Fleet Leasing." Single free copies may be obtained by writing to the Foundation for Management Research, l2l West Adams Street, Chicago 3, Illinois.)

Reveille of East Bay Hoo-Hoo Club 39 included H. S. M6rton, G. F. Bonnington, B. E. Bryan, M. R. Grant, Earle Johnson, J. B. Overcast, Gordon Pierce, Clement Fraser and llenry Hink on the General committee. with Kenneth Shipp in charge of the golf to follow on April 27 Thomas Walter Hine died February 19 at his Eureka, Calif., home. He had joined the Holmes Eureka Lumber Co. in 1904 and was vice-president and resident manager until his retirement in 1933.

Beniomin Joins Oregon-Pocific

Oregon-Pagific Plywood Corporation of Portland, Oreg'on, announces the appointment of Chester T. Benjamin as Pacific Northwest regional sales manager, according to Jack Saltzman, president. Benjamin, who has had many years' experience in the sale of plywood and specialty building products, will be responsible for sales and distribution of plywood, cedar products, hardboards and related items in Oregon, Washington, Idaho and Northern California.

Oregon-Pacific maintains a concentration warehouse in Portland from which plywood products are trucked to points througl-rout the region. The firm also distributes carloads of plywood throughout the United States, and is importing increasing quantities of foreign hardwood plywoods, hardboards and particle boards.

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