Word: timber
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...Braving such obstacles, Lusteveco deploys a fleet of 500 trucks on land, a small coastal navy of 16 tankers, 107 tugs and 448 barges at sea, and a string of modern warehouses at major ports. The company moves 80% of the country's vital interisland traffic: home-grown timber, coconut and sugar on its way to port for overseas markets; steel, machinery and other imports headed from Luzon to other parts of the nation. Lusteveco stevedores shoulder nearly all the Philippines' foreign trade borne by ships, which may be docked by Lusteveco tugs, provisioned at Lusteveco terminals, rescued...
...them -including Alcoa, Union Carbide, Humble Oil, Reynolds Metals and General Electric-have found the resulting problems formidable and the profits elusive. Among others, National Gypsum, Certainteed and Sunset International Petroleum have retreated with bruises from construction ventures. But not ebullient Boise Cascade Corp., the Idaho-based paper, timber and building products maker. Having spread successfully into prefabricated homes and conventional housebuilding, the company last week moved into the land-development business as well...
...dwellings will go up. And Divco-Wayne Corp., which last month agreed to merge with Boise Cascade, does a $100 million-a-year business as one of the world's foremost makers of mobile homes and travel trailers. "We've been trying to get from timber-our starting point-down to the marketplace," says President Robert V. Hansberger...
Died. Eugenia Childs Westmoreland, 81, mother of General William Westmoreland, commander in chief of U.S. forces in Viet Nam, a tiny (5 ft.), genteel Southern lady who recently greeted talk of her son as presidential timber with a pert, "Oh my, he's too young to be President"; of congestive heart failure; in Columbia...
...Wall Street. The boosterism behind A67 is well founded. Today, despite its century under the American aegis, Alaska's natural resources remain largely untapped. In an 1867 speech supporting the Alaska purchase, Massachusetts Senator Charles Sumner spoke glowingly of the region's timber and grasslands, furs and fisheries, copper and gold lodes. Though the fur-seal herds that drew the Russians to Alaska have long since been decimated, trappers still work the beaver streams and fox warrens of the wooded, game-rich Brooks Range. Prospectors gutted gold in billion-dollar lots from the Kenai Peninsula to the Yukon...