Word: lumber
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Married. Louise Dickinson Rich, 42, author of We Took to the Woods, and James Barnett, 62, whose business was getting them cut down (a retired lumber dealer); both for the third time; in Rumford...
During the war, California Shipbuilding Corp. built 467 ships worth some $1,000,000,000. But shortly after V-J day, Calship's payroll dropped to 800 from its wartime peak of 42,500; its 14 ways were sold for lumber. Calship President John A. McCone and Board Chairman Stephen Bechtel found themselves heading a company reportedly worth $14,000,000, most of it in cash. With nothing to make, they wanted to find a use for their cash...
...Building materials, cast-iron pipe, lumber, bricks, laths, radiators, etc. were far below the minimum requirements for the nation's housing program...
...price has been the biggest problem. Mills, caught between rising costs and OPA ceilings on rough construction lumber, were concentrating on finished wood, where profits were higher. Yet rough construction lumber is what the U.S. needs most. Housing Expediter Wilson W. Wyatt's program to build 2,700,000 houses alone calls for nearly eight billion board feet this year...
...face of all this, the mild price stimulants looked woefully inadequate. CPA Lumber Boss Mathias W. Niewenthous issued "a realistic forecast" of this year's production. Said he: it will be only 30 billion board feet, far short of U.S. needs...