7ie Sozzeo to Stocl

Att IIETAL for ony double hung window.

Eqsier to sell becouse your cusfomers will oppreciole the simplicity of lhe exclusive Simpson design. Simpson Fromeless screens ore eosier to instoll, eosier to remove. They ore inconspicuous never need pointing . . . ollow more light ond ventilotion . . ore low in cost.

Wholesole Distributors of Double end trimmed, surfoced'or run lo pottern

Product of TW|N-C|TY IUmBER CO.

Succes3or lo

WINONA'INVESTMENT COMPANY (Colifornio Dtvision)

A4orysville, Cqlifornis

Product of ROCKPORT REDWOOD COMPANY (M.nbcr Calltornli Rcdyod Araoolailor)

Rockport, Cqliforniq

ROUNDS & KILPATRICK TUMBER CO.

Rounds, (Neor Astil Colifornio

DOUGTAS FIR - SUGAR PINE

CEDAR SHINGIES

GENERAT OFFICES

Crocker Bldg., Son Frqncisco 4, Calit. Phone YUkon 6-0912

1.|0 West Ocean Blvd., long Beoch 2, Colif.

Phones-long Beoch 7-2781 - Zenith 6041

DtslRtButoRs:

'DUROID" Etecho Galvan'rced 'DURO" BRoNzr

Further progress tor,vard Weyerhaeuser Timber Company's goal to insure its permanent operation u'as indicated today in tl.re firm's annual report.

This report reiterates the companv's determination to build for tl-re future through the operation of tree farms in Oregon and Washington, by diversifying its manu{acturing, grouping its processing plants, and developing ner'r' products and peimanent markets.

Highlight of the report was the fact that the company last year spent $31,576,185 for additions to plants, equipment ancl roads. Payrolls during the year were increased approximately sevetr million dollars, from $24 million in 1947 to $31 million in 1948. This expansion and other expenditures on ne\\: products are part of the company's program for greater utilization of the forest crop, thus creating greater stability for both the company and the communities in n hich it operates.

In the annual report, J. P. \Veyerhaeuser, Jr., presider.rt of the company, commeuted on the changes in the price trend during 1948.

"During the first three months of 1948," he said, "lve extended to retailers a 10 per ceut reduction in prices of lumber for homg construction, although this failed to affect the bpoming market. It might be fairly said, hou'ever, that our restraint in pulp prices did help to hold the inflation line. In the case of both lumber and pulp, prices sometin-res 50 per cent in exccss of ours lvere recorded during the year.

"In the latter part of 1948, buyer discrimination in many fielcls became more and more evident. Hesitation translated itself eventually into sharp price redttctions for lumber and plyt'ood.

"In spite of the break in the price 1evel late in the year," continued \\ie1'erhaeuser, "1948 produced large earnings measured in terms of the current dollar. The lorvered purchasing po\\'er of the 1948 dollar rl'as perhaps best eviclencecl to the company by tire fact that during the year it actually reinvested in plant additiorls and improvements more than the total net earnings of tl-re company for the year."

Net income for the year was reported at $25,962,537, ot $8.49 per share. A total of $31,576,185, u'as spent on plant and vessel additions and replacements. Major expenditures were : for logging facilities, a sawmill, and a container boarcl mill at Springfielcl, Oregon; for a sulphate pulp mill ancl expansion of the plyu'ood plant at Longvierv, Washington; for the construction of logging truck roads at Coos Bay, Oregon, and for trvo cargo vessels.

l)ividencls of $3 per sltare, the same as $1947, were paid' The company's annual report revealed a strengthening of total lvorking capital position. As of last December 31, rnorking capital n'as $25,058,883, as compared r'vith $15,31i,735 a year ago.

Shrinking profit margins rvere predicted for tl.re year 1919 tn the report. At the same time, the company expects to offset to some extent this trend through earnings from nerv units.

Tacoma, \\/ash., May 23-The youthful Northwest plyr,r,oocl industry, oft-described as an offshoot of lumbering, has dipped into the big chips and come up rvith a $1,@0,000 aclr'ertisir-rg program to build an even greater rnarket for the big panels.

"I)rastic cuts in plyrvood prices l.rave been made as a post-\var readjustment, thus making the panels immediately con-rpetitive dollarrvise and opening many new markets'" That rvas the announcement of Arnold Koutonen of Olympia, president of Douglas Fir Plys'ood Association, the industry trade-promotion organization, as he told of the sales prot't-tt-rtion Program.

"Since the readjustryent of price levels has not been accompanied by a corresponding reduction of manufacturing costs," Koutonen explained, "producers must look to expancled sales volttme to rvard oft- substantial losses'"

And he added that the manufacturers feel nolv is the time to broaden demand as fir plyrvood is again in good supply throughout the nation for the first time in r-ears'

Some 36 firms operat\ng 44 separate. factories in 30 Washington. Oregon and north California cities and tolvns are subscribing the money.

D<rvidson

The Housing and Home Finance Agency announces a ne'lv booklet, "For the Home-Buying Veteran," which will be uscful to all hon.re-buyers, veteran or otherwise, provicling information to guide them in making a sound homc purchase. The booklet has been issued jointly by the Federal Housing Administration, the Veterans' Administration, and the Ofifrce of the Housing Expediter. Copies can be purchased from the Superintendent of Documents, Government Printing Office, Washington 25, D.C., at five cents each, or $3.75 per hundred.

With Roy Stanton acting as host the Terrible Twenty golfers lreld their 2761h tosrnament and completed their 23rd. yeat on May 24th with a totlrnament at the Los Angeles Country Club. It will be recalled that Nfr. Stanton used to be a golfer himself in his young days, and in this case made a splendid host.

George Ryness got first prize r'vith a gross 80 and net 67 over the diflrcult North Course. Bob Osgood rvas second u,ith gross 81 and net 69. In the match play finals Tardy beat Bohnhoff one up, Ream beat Bowles 6 and 5' So the nelv names on the silver trophy are Tardy, Bohnhoff, Ream and Borvles. In the nine game medal tournament Ream is lorv rvith 657, Mason is second with 658. In the six game nredal tournament Bohnhoff won first place with 427 to Jones' '132.

There is now a new Board of Directors, and new Most Terrible. Morris, Goodhern', Bolvles, Gattz, and Ream are the ner'v Board, and George Morris is the new Most Terrible. The next tournament rvill be at Riviera, the guests of N{ason and Goodherv.

A{ter operating part time for several weeks until the logging camps could open in the mountains, the sarvmill plant of Southrvest Lumber Mills, at McNary, Atizona ,the biggest of its kind in the Southwest territory, is norv operating full blast.

,A. plattit"tg mill of great size has replaced the one destroyed by fire last year, the new one having a capacity of five thousand feet of lumber monthly. Also the new Ponderosa moulding plant, the largest on earth, is in full operation nou,, producing twenty million lineal feet monthly'

During the last year this company has built a new loggiging torn,n and headquarters at Maverick, located about 70 miles Southeast of McNary. This is a modern town with electric lights and potver, a modern hospital, a community hall, excellent stores, good schools, and many modern facilities and conveniences. Logging lvill be done out of this town for the next twenty years in a splendid virgin forest.