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Lumber Cargo Movement

through the Port of Redwood City continued to grow last month with the arrival of another Georgia-Pacific Corp. pool shipment on April 20. The million-foot cargo, which originated at Coos Bay, Oregon, arrived aboard the George Olson and was shared by three Peninsula retail yards-Hubbard & Johnson Lumber Co., O'Neill Lumber Company, and Merner Lumber Company.

Georgia-Pacific Corp., working with the Oliver Olson Steamship Lines, in recent months has been offering pooled shipments as well as straight cargo loads from Coos Bay to Bay Area lumber dealers.

Weyerhoeuser Invests $57 filillion in One Yeor's Exponsion

Tacoma, Wash.Weyerhaeuser Timber Company ir.rvested almost $57 million during 1957 to improve and expand its manufacturing and forest operationJ facilities and to buy timber and timberlands, accoiding to the company's annual report just released.

These capital expenditures were the second highest in the company's history. Tl.rey amounted to $56,937,000, of which $41,875,000 was invested in plants, equipment and roads. The balance of $14,961,000 wint into icquisition of timber and timberlands. Durit-rg the past ten years, these expenditures totaled $441,000,000.

-I4ost_signific-ant event of the past year was the merger of the Kieckhefer Container Company-and The trddy pafer C^orporation into Weyerhaeuser Timber Company on April 30, 1957.

_ Tl-re company's sales of forest products in l95Z u,ere down 4/o to 9420,601,000 from $439,000,000 in 1956. Net income for 1957 declined 17.5%. It was g53,425,000, comp-argd rvith g6-1,768,000 in 1956. Results of both years include operations of the Kieckhefer and Eddy companies rvhich became a division of the timber company.

Weyerhaeuser employee earnirrgs rose to'$106,434,000 last year, compared with $104,283,000 in 1956. These figures include^wa^ges, salaries, vacation and holiday pay. A-total of $10,098,000 was paid by the company lasi yeir for employee benefits including pensions, iniurance, and. social securlty taxes.

- Weyerhaeuser's annual report points out the reduction in dbmand for lumber and the reiulting lower prices and reduced profit margins. Although demand for plywood was relatively better than for lumber, these prices also remained at a depressed level throughout the yeir.

The company's production and shipments of pulp and paperboard showed a tonnage increase over the -previous year. Sales o.f sh_ipping containers, milk cartons, aud folding cartons by its 'Kieckhefer-Eddy Division also showed ai increase over 1956.

But profit margins generally narrowed as they were squeezed between level or declining prices and increasing costs of production. The effect was particularly severe in the building materials line, the annual report pointed out.

N'Iajor improvements and expansions during 1957 include accluisition of the lumber and plywood facilities of W. A. Woodard Lumber Co. at Cottage Grove, Ore., together with approximately 55,000 acres of timberlands; completion of the sulfite pulp mill on Grays Harbor, Wash.; exp-ansion of the bleached paperboard plant at Longview, Wash.

Under construction are an expansion of the company's cl-rlorine plant at Longview, \Arasl.r.; a new milk carton plant near Pittsburgh, Pa. ; a new lumber distributing yard rn th-e P^ittsburgh area; t\r'o new shipping container plants, one in Ohio and the other in New Jersey.

During 1957, the comparly purchised a corrugating and ,shipping container plant in Honolulu. It is being opelated by Weyerhaeuser Hawaiian Company.

- Following up its successful seeding program in 1956, lVeyerhaeuser seeded by helicopter 2:,50O acres in the Pacific Northwest. An additional 4800 acres were reforested by hand planting. Studies of growth and yield continued on Weyerhaeuser tree farms, with renewed emphasis on accelerating reforestation botl.r on currently logged land and on other areas that have not returned to production through natural mealts.

Other research and development studies have already m_ade possible improvements in utilizing and treating miil efifluents, improvements in existing grades of pulf and paperboard and development of new ones, and improved processes for production of lumber and additional lumber products. The studies have also led to improvements in hardboard and particle board lines to meet customer needs, and development frorn Douglas fir bark of quercetin, a pure chemical with a variety of useful characteiistics for medicinal and industrial prlrposes.

The annual report indicates that 1958 is starting out with an unsatisfactory level of prices for lumber and plywood. Th-e report also points out that productive capaciil in the industry is substantially above current demand.