OFRED C. HOLMES LUMBER COMPANYO

Speciolizing

Crown Zellerboch Chief Nqmed Boord Choirmo,n

Reed O. Hunt has been elected chairman of the Board of Directors of Crown Zellerbach Corporation, succeeding the late J. D. Zellerbach. l4r. Hunt, president of the company since 1959, continues as chief executive officer of thc corporalion.

Peter T. Sinclair, executive vice president since 1959, and former president of Crown Zellerbach Canada Limited, was elected president of the company. Harold L. Zellerbach, former executive vice president who retired from Crown Zellerbach's active management in 1956, continues as chairman of the Executive Committee.

Commending the company's Board of Directors on today's ar:tion. Mr. Zellerbach said that the election of Mr. Hunt and Mr. Sinclair to their new positions "represents a firm policy of our company over many years, to prepare for succeeding generations of over-all corporate leadership."

"It is a policy that has served us well,', Mr. Zellerbach said, "enabling us over a period of many- years lo evolr.e from what was essentially a family enterprise into one of the major public corporations of the country. In this way we have transferred to men of proven leadership qualities and ability to major responsibilities for managing _the- company and guiding its long term development and growth.',

CARGO-RAIL-TRUCK

Mr. Hunt becomes Crown Zellerbach's board chairman a{ter a career with the company of more than 35 years, beginning with the position of storeroom clerk in the company's newsprint mill at Port Angeles, Washington.

E. T. BRUCE EARNINGS UP

E. L. Bruce Co. reported net earnings from operations of 55 cents per common share for the quarter ended Sept. 20,1963. This compares with 3 cents per share for the same period last year.

Net earnings for the quarter were $800.I59 on sales of $13,238,836. Earnings for the quarter last year were $44,856 on sales of fiI2,780,744'. There were no charges against earnings for Federal income tax because o{ the company's tax loss carry forward.

The financial report was given by W. H. Gonyea, Bruce president, at the annual meeting of the stockholders. All directors of the company were re-elected. Directors are: Raymond A. Arduser, E. L. Bruce, Jr., T. Harvey Creech, Edgar N. Eisenhower, E. L. Fellman, W. H. Gonyea, Henry A. Loeb, and Jay A. Pritzker.

Stockholders approved a quasi-reorganization of the corporation's financial structure which simplifies its balance sheet with respect to its capital account.

Roberts Co. Introduces New Mirror Door./Dressing Cenler

Claimed to be the hottest selling feature tohit the bedroom since closets were created is the unique triple-function Roberts-Fold Mirror Door/Dressing Center, newest unit to be added to the Roberts line of bi-fold doors.

After thorough field-testing in model homes, the new unit is now available to builders and building contractors for installation in residences, apartments, motels and hotels.

Roberts new Mirror Door/Dressing Center combines (i ) the selling efiectiveness ofa full-length mirror (2) the 100% accessibility oi bi-fold doors and (3) the extra feature of an attractive pegboard' back fully equipped with adjustable tie rack, shoe hangers, clothes hooks and two compartmented valet-shelves.

The new Mirror Door/Dressing Center in two .izes-1t6" x 6'8" and,2'0" x 6'8" -harmonizes with the Patrician, Vogue and Moderne -ctyles o{ Roberts-Fold Bifold Doors. Each unit is engineered to give the builder his choice of positioning for right-hand, left-hand or center openings. Mirror Door/Dressing Centers arrive at the building site {actory-painted in Navajo Vhite, complete with hardware and dressing center accessories, ready to install in a matter of minutes.