Word: lumbers
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When housing does well, so do a lot of other industries: steel, lumber, glass, appliances and furniture. So far in the '60s, housing has proved a disappointment. As the spring home-buying season opened in earnest last week, the figures for housing starts in January and February showed only a 3% rise over the same months last year, a disappointing gain that is being blamed on a hard winter. But there are portents of better things to come. Permits for future building jumped 8% in the two months, and FORTUNE'S semiannual survey reports that builders plan...
...would be fun "to get together and play some." The Sorta 40s play for dances, and turn their fees over to charity-as does another Atlanta outfit called The Seventeen, which includes three architects, a doctor, an investment counselor, the plant manager for a box factory, an engineer, a lumber company vice president and an adman...
...squat little Japanese freighter, the Taian Maru, churned through the Pacific last week on a historic journey. On its way from Coos Bay, Ore., to Puerto Rico with a load of Pacific Northwest lumber, the Taian Maru is the first foreign flag ship in more than four decades to carry cargo from one U.S. port to another...
Since 1920 the Jones Act, designed to preserve the U.S. coastwise fleet so that it will be available during national emergencies, has awarded all trade between U.S. ports to American ships, regardless of the higher cost to U.S. shippers. The consequences to the Northwest's lumber industry have been disastrous (TIME...
Canadian lumbermen using lower-cost foreign ships walked away with U.S. lumbermen's East Coast business, and Canadian softwood lumber exports to Puerto Rico have increased seventyfold since 1951 while the Pacific Northwest's share shriveled to nothing. Finally, in a desperation move to save the lumber industry, Congress last year amended the Jones Act to allow lumber to go to Puerto Rico on foreign bottoms for a one-year trial period...