Wholesole Lumbermen of Southern Cqlifornio Elect New Directors, lnstoll New Officers

lf ighlight of the February 28 meeting of the Wholesale I:L Lum:bermen's Associati,on of SouthErn California, held at the Los Angeles Athletic Club, was the election and installation of new officers ar-rd three new members of the Board of Directors.

William J. Hanen (Al Peirce Co.) has been chosen President to succeed James W. Newquist (Jas. W. Newquist Co.). William E. Baugh (Baugh Bros. &_Co.) and earl E. Poynor (Wholesale Forest Products Co.) were elected Vice Presidents. Baugh had previously served as Secretary and Poynor as Treasurer. Peter V. Speek (Fremont Forest Products) and John P. Weston (Far West Fir Sales Co.) will serve as the Secretary and the Treasurer, respectively.

Richard Fenton continues as Executive Vice President'

Preliminary to the regular meeting the Board of Directors welcomed into their membership W. E. Bright (Tarter, Webster & Johnson, Inc., Van Nuys), James H. Forgie (Robert S. Osgood, Inc.) and John F. Hanson (Gulf Pacific Land & Lumber Co.). Hanson was the first President of the group when it was organized in 1958.

The three men will each serve a three-year term and join Directors William Baugh, William Hauen, Carl Poynor, Ted Roy (Roy Forest Products Co.), Peter Speek and John Weston on the Board.

Following the installation cerentonies, President-elect Hanen presented outgoing President Jim Newquist with a gift and a resolution of appreciation for his services, which all members present were asked to sign.

, The principal speaker of the evening was Arch D. Hardyment, Assistant Vice President of Security-First National Bank of Los Angeles and Assistant Manager of the Bank's Research Department.

With his subject "A Look at the Building Industry for L961 ," Mr. Hardyment said: "The unemployment picture in the Los Angeles area, while increasing in January, has been in line wifh normal seasonal patterns. On a seasonally adjusted basis, employment showed virtually no ch.ange from the Decembei level, was below the recent peak es- tablished in November, and was also moderately below the levels reached in the Spring of 1958. As a percentage of the labor force, unemployment (seasonally adjusted) stood at 6.3/o in January, as compared with 6.6/o in November, and 7.3/o in April 1958."

Mr. Hardyment also stated that "a total of 130,510 family dwelling units were authorized for construction in the 14-county area of Southern California during the year 1960. This represented a decline of 2.5/o from the average of 133,881 dwelling units per year during the ten years 1950 through 1959." He estimated that 130,000 units for 196l was "within attainable limits, which indicates a moderate outlook for the lumber industry for the balance of the year."

A question and answer period followed Mr. Hardyment's discussion.

In his closing comments retiring President Newquist observed that "the lumber wholesaler continues to,have basic confidence which is justified again by the facts produced at our annual meeting and while caution is being currently exercised in the lumber market, there are no valid reasons why the market should not improve considerably d-uring the balance of the year and reach or exceed the 130,000 unit estimate.

Mr. Newquist thanked the membership for the privilege of serving as their President and advised that he was preparing a written report to express hig appreciation to the many committeemen who had worked so strongly for the Association's welfare and the welfare of the entire industry.

Bill Connor Joins Neimon-Reed lumber Compony Soles Depoilment

Bill Connor, born to the lumber business in Des Moines. Iowa. where his father runs a retail lumber yard, has ioined the wholesale staff of Neiman-Reed Lumber, Van Nuys, California, according to an announcement made last month by Pi Bliss, sales manager of the firm. Bill attended Pomona College where he majored in economics and was active in sports and campus events. He will call on retail dealers

now . PALCO-LOC . . .tailor-made lumber in custom lengths to fit builder requirements, exactly.

Our finest Architectural Quality, certified kilndried redwood - finger-jointed and etectronically glued to produce permanently strong, long pieces - for exterior or interior use. All specified, or any combination of lengths, at no extra cost! Available in boards or worked patterns. . also factory paint-primed if desired. Buy PALCO - standard of comparison since 1869.