2 minute read

PLY-gAWN

THE NEW LOOK IN DOUGLAS FIR SIDINO Distinctive . Versatile

Write

(g&@wmRDA&U'P&VSS@@D

... specialists in Douglas Fir Siding P.O. Box 95, Cloverdale, California - TW 4-3387 Dick Ranft - Sales Manager Sales Representatives: Los Angeles - PACIFIC WOOD PRODUCTS - MA 8-7261 San Francisco - KEN SHIPP - OX7-7432

Diqmond Nqiionol Conlinues Goins

In Sqles & Eornings Af tlid-yeor

Diamond N,ational Corporation continued to show gains in sales and earnings during the firs,t h,alf of 1962, William H. Walters, chairman and president, has reported.

The company's 1rrofit after,taxes for the 24 weeks ended June 18 totaled F6,9n,000 compared to $6,556,0O0 in the like period a year ago. Profit per share of common after preferred dividends equaled $1.50 a share on 4,519,061 shares outstanding agains,t $1.39 on 4,482,076 shares for the first half of 1961, or an increase o'f 8 per cent.

First half earnings, Mr. Walters noted, were exclusive o'f net gain af,ter taxes and associated expenses of approximately $10,700,000 or $2.36 a share D,i,arnond National realized from the sale of its half in,terest in Dairypak Butler, Inc. in April, 1962.

Net sales for the first weeks of this year totaled $113,019,000 against $108,835,000 for the same rperiod a year ago.

In the l2-week period ended June 18, the company increased net earnings to $3,654,000 from $3,588,00 a year earfier. Earnings per com'mon share were equal to 80 cen,ts compared with 76 cents a share in 'the same period a year ago. Sales for the second quarter amounted to $59,381,00o compared to $57,028,000 in 1961.

Diamond National, which opena-tes 39 manufacturing plants here and abroad, is a major producer of co,nsumer packaging materials, paperboard, molded-pulp products, lumber', matches and woodenware. The company also operates 79 retail building-supply stores on the Eas,t and West Coas'ts.

Pine Industry Wins Sofety Aword Agoin

The Western Pine Association has ll'on a National Safety Council award for progress in ir-rdus'trial safety for the second straight year. Announcement was made at the Council's Chicago office that the 1962 "Association S,afety Award" would go to Western Pine for new gains in the industry-wide promo'tion launched five years ago in the lz-state lumber region. Western Pine won the same award last year.

A 1961 show,ing 11 percen,t better than 1950'in injuries per million man hours of work was the basis for the selection, it was reported bv J. R. Grady, Western Pine safety director. The 1961 performance was 13 percent below the injury frequency average for the five-year period of t,he association program, and 23 percent below the average that prevailed prior to the the organized safety program.

Grady said powerful efforts at the mill level had, b1'last Dec.31, brough,t the S-year average injury frequency rate do&'n to'17.88 per 1,000,000 man hours of e,mployment, contrasted to the 61.87 rate for the years immediately preceding start 'of safety protnotion as an association function. For 1962 ,to date, the Western Pine Lumber industry is operating on an average frequency rate of 36.'17. he added.

An overhead dlsploy of Morlite poneling hos proved lo be sn "ctlention-geller" ot Sebosropol [umber Co,, Sebosropol, Cqlif. Built ol on ongle from lhe woll, the disploy is opproximotely l2' long ond 4'deep. Morlite potterns in 2x2-foot 3quqres ore mounted on the unusuol disploy, which con be seen from olmost ony port of the store. To encouroge inquiries, the sign obove the disploy recds: "Moriile Plastic finished poneling-Yeors of Weor Minutes of Core." Monoger Mr. Poupord reports thdl the disploy dltrccis people who ore looking for durcble, eqsy-loclean walls ond ceilings.

DEPENDABIE CUSfOifi TYIITIING ANd DRYING

40 Acres Air Drying Facilities4 large Modern Kilns (350,000 BF Capacity) -

Double Profile PlanerGenter Split Resawline Bar Resaw -

Milling-in-Transit RatesCertified Graders for Redwood, Pine and Fir WHOLESALE REDWOOD and FIR

Rusself Kinsey - Manager CTOVERDALE, Colif. . Phone: TW 4-2588 y' Cqr Unlocding y' Storoge y' Air Drying y' Xiln Drying y' lallying y' Surlacing & Resowing

This article is from: