GTOBE INIERNATIONAT OF CATIFORNIA

U. 5. Plywood Eornings Up Sixfy-three Per Cent

U. S. Plywood reported record sales of $301,898,000 for the year ended April 30, 1962, compared with sales of V6O,- 000,000 in the preceding year.

. Pltgilgr for the vear, after taxes, were up 63 per cen,t to $12,025,200,,-equal after preferred dividends to- $3.92 per share on ?,978,2q shares- of common stock outstanding at the end of the fiscal year. This compared with earningi of $7,393,900, equal to $2.+6 per shari on 2,864,965 com--mon shares in the preceding year.

Sales and earnings reported for both the above fiscal yea.rs inclqde_operations of Cascades Plywood Corporation, which U. S. Plywood acquired in February, 1962.

Earnings in the quarter ended April 30 were $3,483,100, equal to $1.14 per share of common stock, compared wtih

$1,822000 or 61 cents per share in the same quarter last year. Sales were 976,884,000 and $65,892,000 in each of these respective quarters.

S. W. Antoville, chairman of the board, said the improved showing in the fiscal year just closed was attributed to an increase in sales, particularly in specialties and decorative plywood, which more than offset lower prices of fir plywood and lumber. He noted that the average price for fir plywood during the past fiscal year was the lowest since thi end of World War II.

, The company announced plans to spend a record $14,- 500,000 in the coming year for major additions and improvements in facilities in Canada and the United States. -

At the Board of Directors meeting in Portland, Ore. (June 1-3), the company declared the regular quarterly dividend of 50 cents per share of common-stockf payabli Tulv ll, 1962 to shareholders of record June 25,1962.'

"OPERATION WAINUT"

More ond mone commerciqls ore going Wolnut

"Operotion Wolnut" is o up of o complete line of pre-finished Wolnut fo meet this demond. Hove your wholesole distributor contoct us.

TO ALL MEMBERS OF THE FOREST PRODUCTS INDUSTRIES QrnntrnVo,

This is a cordial invitation for you (if you are not already a member) to ioin Hoo Hoo. Our desire is to have some additional top-notch executive type members in our organization.

Hoo Hoo International consists of approximately 14,000 members which membership consists of men that make their livelihood directly from the Forest Products Industries. Il Aou or anA rnetnber of Aour organization can qualifg we nsould be most hoppa to haoe you become a member.

The dues are small, and I'm sure you would be more than pleased with the good fellowship our Fraternal Order of Lumberman has to offer.

It would give me a great deal of pleasure to hear from you and to send you an application.

Very sincerely,

JJo*n,tr

llarvey W. Koll, 46016 Snark of the Universe

Bull's-Eye Buy,i%g Puts You Front Row Centert

When you're on the hot seat for a bunch of specials or a carload of specified, you need positive answers fast. Answers like we'll try. Can you substitute? Or we'll let you know later. just won't do in this day and age. Any stalling can lose the order. We know it! That's why Fountain instituted Bull's-Eye Buying. This procedure puts your needs at the top of the list with leading saw mills in the best production areas. Four buying offices are constantly checking the species being cut, the end products, and availability...for feedback through direct teletype to our Los Angeles market analysis center. At the same time our Los Angeles staff is checking construction reports, architectural trends and dealer requirements for feedback to the mills. This results in anticipatory demand and allows us to have a rolling inventory at all times. Chances are, the material you need is on its way, at the dock or in our Los Angeles yard. If not, we're prepared to get you fast action at the mills. spEctlltsrs tN DoucLAs FtR, wHtrE FrR AND ceoen-Cars can be made up of many items or straight cars of one size and length. You'll find Fountain deliuers when promised and as promised despite market fluctuafions. Claims are settled promptly. Our yard and grading facilities are available to both dealer and mill should any claim arise. Frank market analysis is always available to yards quoting large or difficult jobs. Mill shipments are by rail, truck or ship, transit lumber by rail and truck, LCL

theWest's Leading Saw Mills

inventory from dock or yard. ' MANuFAcTuRED pRoDucrs AND LUMBER SPECIALT]ES FROM THE SAME SOURCE-I,AMIoc Timbers, decking, Ioc-Deck, Potlach products, IamLot Pecky Cedar Paneling, dry Douglas fir dimension in clear and select, specified lengths, long lengths,industrial items, and glued-up products. Complete milling facilities for special details. . AcrrvE pRouorroN wtrH lRcHtrEcrs AND coNTRAcToRs-Tl,vo special promotional groups regularly call on architects to obtain specifications for Fountain products, to suggest new uies for lumber and to obtain ideas for new products which the architect may be thinking about. Contractors are contacted to promote the value of Fountain products, to suggest nearby dealers and to sense trends in the building industry. The general public is reached through trade shows, publicity in leading consumer magazines and a regular schedule of advertising.

. STRICT POLICY OF SELLING THROUGH LUMBER DEALERS ONLYEverything we buy or manufacture is sold exclusively through lumber dealers. Dlsc ount tertns, no ertended credit and no net terrns haue resulted in a solid dealer following. No dealer is encouraged to increase volume in excess of sound financial capabilities.

Lam-Loc Pecky Cedar Featured

"Blueprinf 62" Model Home At L. A. Trade Technical College

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