Word: lumber
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Dates: during 1960-1969
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...Pacific Northwest. It takes Douglas firs 80 years to mature, and some still waiting to be cut were young when Paul Revere made his midnight ride. Timber's unique "lead time" is a constant concern of the 63-year-old Weyerhaeuser Co., which turns out more lumber and wood products than any other company in the $6 billion industry that provides raw material for U.S. homes, newsprint, boats, containers and furniture...
...Weyerhaeuser's evergreen empire began in 1900 when Immigrant Lumberman Frederick Weyerhaeuser bought 900,000 acres of forest from his St. Paul neighbor. Northern Pacific Railroad Builder James J. Hill; he paid $5,400,000 for property today valued at $1,750,000,000. In the early days, lumber mills customarily burned off waste or dumped it in nearby rivers, polluting them. Weyerhaeuser, spurred by the New Deal's emphasis on conservation, looked for ways to use waste. Over the years, it found a process to bleach fir pulp white to make it suitable for better-grade papermaking...
Initiation Over. The initiation and the losses it involved are about over. For the past three years the lumber industry has been plagued by overcapacity, Canadian competition and sales losses to such rival materials as plastics and metal. But Weyerhaeuser increased sales and earnings last year, for the first quarter of 1963 raised sales another 14% to $136,856,000 and profits 25% to $9,288,000. Its basic position is good: it has no debts, $117 million in working capital and a fourth-generation-seedling in Vice President Weyerhaeuser, 36,* who is ready to take over when his uncle...
Western railroads complain bitterly that, since so many terminals for their shipments are in the East, Eastern railroads are the major offenders. They charge that Eastern boxcar-napping has produced a shortage of cars for moving grain and lumber...
Holes in One. Miniature golf, idiot's delight of the Depression years, is also coming back strong. In the 19303, Tom Thumb courses sprouted in everybody's vacant lot, set up for about $30 in cash, some scrap lumber and a can of paint. Today they tend to be elaborate and mass-produced, leased on a franchise basis...