BRUSH INDUSTRIAL TUMBER COI,IPANY

U.S. Plywood Sales ond Eornings For Yeor Off From'6O

United States Plywood Corporation reported $256,055,000 sales for the year ended April 30, off from the preceding year's record of. $276,244,W.

Earnings for the year after taxes suffered a drop to $6,611,700, equal, after payment of preferred dividends, to $2.55 per share on 2,457,208 shares of common stock. This compared with last year's figure of. $12,872,440, equal to $5.10 per share on 2,448,810 common shares then outstanding.

Earnings after taxes for U.S. Plywood's final quarter, ended April 30, were $1,816,600, equal, after preferred dividends, to $.71 per share of common compared with $2,786,@0 in the same quarter last year, or $1.10 per share' Sales for the last quarter were $64,603,000 compared with $69,695,000 last year.

The company'declared (June 14) a quarterly divid_end of 50 cents- per share on its common stock, payable July 12, 1961, to shareholders of record on June 23, 1961.

United States Plywood directors also declared the following regular quarterly dividends on preferred shares:

Amounr Ttl:if* Poyobrc Prcferrcd 3-VcV" Set3es A $0.9375 June 23, l95l July l, 196l Voting Sccond Ptelencd 4-Vzo/" 1.125 Junc 23, 196l July l' 196l

Jenkins Wood Products in New Locotion

Tenkins Wood Products recently moved into quarters foimerly occupied by Matson Lumber Company. at 536 East Main Street in Grass, Valley. Although a majority of his business is from the Tahoe area, owner Slim Jenkins reports a steady increase in his local walk-in trade as the result of his relocation.