All Right!"PAT]L WRIGHT LT]MBER SALES

WHOLESALE

Products of the Woods . From Better Manufacturers

Don't Overlook the Advantages of Mixed Cars from MEDFORD CORPORATION"Let Us TellYou About lt"

TRiangle 7-3088

TWX: NHOL 7666

1076f Burbank BoulevardNorth Hollywood, California

"More than a Qu,ader-Centurg Expeilence Marketing Westem Forest Prod,ucts"

(Continued from Page 12) and a definite program laid out in our area and regular monthly meetings. On occasions this is all very well. We have since discovered. however, that some of our most interesting and valuable meetings have been impromptu affairs, in general shoptalk and bull-session fashion. The point is that it was brought about by the active participation of the members with speeches barred. We, therefore, want to urge that you make such occasions almost a Must on your calendar so that we will further improve the value of our group. Our meetings generally have been quite wellattended. With the new set of officers coming up, let's send them off to a soul-warming start with banner turnouts.

Though your new Administration will not be officially installed until April 10th, I want to take this occasion to personally express the thanks and appreciation of myself

POplar 2-1922 and fellow officers for the help and friendship shown by the organization th.ruout. There are certain onel in our Group who for years have been the old reliables and workhorses, the benefit of whose time, experience and advice have been of inestimable value to the Association. There are some Committees, the Grades Committee for example, who spend endless hours working in our behalf, unher:alded and unrewarded. For fear of slight I will not attempt to mention the names of the many who deserve our deep gratitude. The mainspring that keeps the whole works moving and ticking is, of course, our Association Office under the masterful guidance and direction of Orrie Hamilton with his staff of co-workers. We indeed have an organization of which w_e can b9 proud, and again I want to siy a heartfelt Thank You and Good Luck.

Studies by The Travelers Insurance Companies show that driver error caused 85o/6 of the highway accidents in 195g,

United States Plywood Corporation reports annual sales at a record high-$238,738,000 for the fiscal year ended {lril 30, 1959, as compared with $203,242,000 last year. Net earnings for thg year were $13,430,100 after estimated taxes of $10,517,500. In the preceding fiscal year, earnings were $5,378,900 after estimated taxes of $4,019,700.

Sales and dollar earnings after taxes for the final quarter of the year set a record for any quarter in the company's history. Sales for the quarter ended April 30, 1959, were $66,938,000, compared with $48,826,000 in the equivalent three mo_nths period last year. Net earnings for the quarter were $3,561,100, after estimated income taxes $3,822,000.

S. W. Antoville, chairman of the board, stated that although there had been a weakening in the fir plywood market, the company's prospects for the current year are good and the sales for the month of May 1959 were substantially in excess of the sales for the same month a year ago.

Mr. Antoville said, "The proposed acquisition of the Booth-Kelly properties, subject to its stbckholders' ap- proval, will approximately double our ownership of valuable timber resources on the West Coast and will make a vital contribution to the profitable expansion of our business and to the life of our operations in Oregon."

Charles A. "Chuck" Magnuson, former Dant & Russell salesman at San Francisco up to the time the company was sold, has joined the lfomer T. Hayward Lumbei Co., acco.1{i_ng to Homer M. Hayward, president. Magnuson, who wi[ headquarter at Salinas, more recently had*been active in Bay Area industrial sales after leaving Dant & Russell.

(Tell them Aou sau it iri The California Lumber Merchant)