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Muruol Plywood Stockholders Approve Sole to U. 5. Plywood

Stockholders of Mutual Plywood Corporation, at a meeting in Eureka, California, have overwhelmingly approved sale of all the company's assets and properties to United States Plywood Corporation for $7,500,000, announces lJ. S. Plywood President Gene C. Brewer. Principal properties are a plywood mill with a productive capacity of 100 million square feet per year and extensive timber holdings which, added to U. S. Plywood holdings in the same area, will provide the mill a reservoir of raw materials.

Mutual Plywood was organized as a worker-owned cooperative in 1946 and began operating in 1950. Mr. Brewer pointed out that it has been one of the most efficient plants in the plywood industry. He said that, to encourage continuation of the mill's high productive standards, U. S. Plywood is developing a plan to share with employes the economies resulting from their own productive efforts.

G-P Curroiling Plywood Output

- Portland, Ore. -; Anticipating seasonal slowing of the building market, Georgia-Pacific Corporation will curtail fir plywood production l5/o to 20/o iffective immediately, announces President Robert B. Pamplin. He said the move is designed to help avoid repetitior of last year's glutted market which reacted badly upon the whole industry.

ft was stressed that the curtailment is being made despite the fact that construction is at record levlls and every indicator shows it will continue high.

Mr. Pamplin said, "Autumn historically brings a mode-rate and temporary pause. This creates the need to produce plywood at a somewhat slower pace and we are recognizing the economic facts involved in curtailing production.- Our production schedules have been previ6ully expanded to meet the unprecedented demand foi fir plywood."