FINII THE MOST IMPORTANT PICTURE

Diomond Notionol lists on Pocific Exchonge

The common stock of Diamond National Corporation is now being listed on the Pacific Coast Stock Exchange, according to Thomas P. Phelan, exchange president.

William H. Walters, chairman, stated that "the listings oL 4.7 million outstanding shares under the company's DN ticker symbol is in recognition of the growing securities market on the West Coast.

'oDiamond National has rapidly expanded its facilities in the West in recent years and the West hab produced one-third of our 1963 sales," commented Walters. The company, founded in l88l, makes folding cartons, labels and wrappers, molded-pulp products, business and commercial printing, paperboard and paper-making machinery, packaging equipment systems, matches, Iumber and other wood products. Diamond National has plants in the United States, Canada and Western Europe. ln 1962 Diamond National's net income was 93.15 a share, earned on sales of $253.9 million.

Diamond National, with an uninterrupted record of dividend payments to its shareholders dating to 1882, has been traded on the New York Stock Exchange for 63 years.

Redwood Region Logging Conference

The 26th annual meeting of the Redwood Region Logging Conference will be held at the Redwood Empire Fair Grounds, Ukiah. California. on March 12-13. 1964.

The conference program will be iroadened this year to include discussion of mill manufacturing problems, new forest products, and new developments in marketing, Shipley said, as well as coverage of traditional logging subjects.

Lo.gging subjects to be included on the program will be log handling problems at the mill, a panel discusiion to be moderatel by- Robert H. Barrett, Twin Harbors Lumber Co., Arcata, and gq":t of_ public regulation on forest practice cost, a panel to be led by Robert Grundman, Union Lumber Co., Fort ^Bragg. The latter will include discussion of foresr practice legislatiJi, and public relations aspects, including relationship of fi"sh and game to growing of trees.

There will not be a heavy equipment show in connection with the conference -this year, Shipley said. Equipment dealers will participate in the conference program and-will also sponsor the traditional sawdust Bowl and bat'qu"t entertainment as in the past.

Jomes Redwood-Arcofq's Newest

Jim Frankg John Bacchetti and Jim Berry recently established Arcata's newest redwood s6nggrn-J4mes Redwood Sales_which will specialize in the distribution of kiln dried and green redwood throughout the U.S.

Franke and Bacchetti, both of Twin parks Lumber Company, are president and vice-president respectively of the ,rew -fir-. Berry, forrnerly of Heird Lumber Company, is secretary-treasurer and manager of the new firm.

Located at the foot of l4th & M Streets in Arcata. California. James Redwood occupies l0 acres on rail and will maintan an average inventory of from 7 to l0 million feet. The firm operates two dry kilns and will specialize in kiln dried old qrowth redwood.

Monthly Redwood Shipments

An an-alysis of monthly reports from the eleven principal producers of redwood lumber by the California Redwood Associaition shows that shipments o1 552,22L,000 board feet for 1968 fell 1.4 million board feet behind 1962 but were well ahead of 1960 and 1961. Production of 559,092,000 board feet was up f.rom 1962 and 196l and only slightly behind 1960. Orders on hand as of December 3I were 5.5 million ahead of 1962.