LOS-CAL LUAABER COAAPANY

Complete Inventorv Pond. Pine Cleors

Unired Stotes Plywood Posts

Nine-Months Eornings R.ise

United States Plywood reported earnings for the third fiscal quarter and for the nine months ended January 31, 1960, al the highest for any like periods in the company's history. Net earnings for the quarter ended January 31, 1960, -were $2,753,800 after estimated income taxes of $2,450,000. In the corresponding three months of last fiscal year, net earnings werc $2,167,000 after estimated taxes of $1,773,000.

Sales for the quarter were $63,709,000, compared with $56,503,000 in the three-months period ended January 31, 1959.

Net earnings for the nine months ended Jangary 31, 1960, were $10,085,800 after estimated taxes of $8,944,000, compared with operating earnings in the same nine-months period of last year 6f $7,356;500 after estimated taxes of $5,858,000.

Sales reached a new record high for any nine-months period-$206,549,000 as compared with $171,800,000 in the same nine months of last fiscal year.

Wholesqle Soles Continued Glimb In Februdty, Census Bureou R.evecls

The Bureau of the Census reveals that February sales of merchant wholesalers, estimated at $9.9 billion, were up 2/o over January sales and 8/o above tr'ebruary 1959 sales. The lumber and construction materials industry compares very favorably with this increase, as sales in that category weie 5/o over January and 9/o above a yeat ago. Cumulative total wholesaler sales for the first two months of 1960 totaled $19.7 billion, an increase of. 5/o over sales in the comparable period of 1959. The lumber field bettered that with a 6/o cumulative increase.

Lumber and associated materials wholesalers had stocks 4/o larger than January and 13/o larger than in February 1959.

Hompton R.edcresr Fociliries Sold

Sale of Hampton Plywood Company facilities at Redcrest, California, to Pacific Lumber Company, Scotia, California, has been announced by L. M. Hampton, president, and also president of Willamina Lumber Company, Willa- mina, Oregon, and Hampton Lumber Mills, Boston Bar, B.C. Each of these sawmills produces about 100m feet per eight-hour shift. Sale of the plywood facilities paves the way for rapid improvement of these plants.

Plans are neai completion for Barker-Chipper facilities, dry kilns and dry sheds, which will provide improved produci diversification and better utilization of the companies' substantial timber resources.

30 YEAR$ 0f PROMPT $IRVICE and G0URI[0U$ TRTATMENT Domestic,

*" *" aonfinuing ,. a*r, . I Full line of the Highest Quclity I of ALL Hordwoods, ond llointoin Complete Represeniotlon in the Field in Order to Properly Serwice Your Accounl