Word: lumber
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...four laborers, have just finished the major part of the work connected with the two Commencement platforms in the Yard, McTernan confesses that he sometime wonders what it all adds up to. Tradition, he allowed, is all right but "there must be close to two thousand board feet of lumber in that damned thing...
...price of materials was half the trouble. Since 1939, prices of all building materials are up more than 86%. But some important ones are up much more; lumber is up 200%. However, there are signs that prices are leveling off; and some are beginning to slump...
...settled down at Coos Bay, a busy lumber town on Oregon's southern coast, where he began saving for his present big expansion, largely financed by Cleveland Newspaper Broker Smith Davis. Sackett decided that his chain would be "owned by the men who run it, run by the men who own it." The motto will appear on the masthead of the Seattle Star, and Sackett's employees will "eventually" hold (but may not bequeath) 49% of the stock. The new boss said airily that he was out to "restore the press to the people." Seattle would be satisfied...
...into 1) the earth and 2) politics. Last July he completed a $10 million aqueduct in Puebla, Mexico for the Mexican Government. Now he is building a $45 million steel mill for Paul Shields, another contractor, who will own and operate the mill. He bought controlling interest in a lumber company in Chihuahua. Last summer he teamed up with Mexican bankers, raised $3½ million and bought control of the 500-mile-long Mexico North-Western Railway, which runs from Juarez to Chihuahua...
...industry, 1946 had been the Year of Fat. Earnings were up 37% over 1945. Earnings in meat, lumber, cotton goods, shoes and leather goods were sometimes fabulous, while prices in those products soared almost out of sight...