EUGENE REGISTER-GUARD, Wed., March 13, 1963 Page 3B
,-..,c Business Beat . -
DFPA Starts Home Plan
By BOB NEWCOMB
Of the Rtglster.Giurd
A pilot program designed to offer "compact" houses for sale
complete with financing arrangements has been started in
Washington and Oregon by the Douglas Kir Plywood Assn.
(DFPA).
Under the program, five homebuilders including Bl-F
Homes, Inc. of Eugene have been selected to construct a
number of model homes using an unusually large amount of
plywood. And the finished units then are offered for sale
under special financing arranged through the Pacific First Fed
eral Savings & Loan Assn.
According to an announcement by the DFPA, the goal of
the program is to find a way to "unlock the low-cost home
market.
"Housing authorities," it says, "say that if builders could
offer houses that sell for only $1,000 under the general mar
ket in their areas, nation-wide starts could be increased by
200,000 units a year."
Frank H. Cocn, president of B&F Homes, said his firm will
start construction in about a week of four model compact
homes in Springfield, on Olympic Street between 10th and
11th strets.
Pacific First Federal has set aside $2 million for the pilot
program, according to the DFPA announcement. Loans to
buyers will be made at 90 per cent of appraised value with the
DFPA guaranteeing the top 20 per cent of the loans. Terms
will be 6'A per cent interest over 20 years, providing for low
down payments, low monthly payments, conventional inter
est rates and no discount for the builders.
ASSOCIATION REORGANIZED The Eugene Quality Trav
elers, an association of representatives of firms calling on the
grocery trade, has been reorganized, with officers elected.
Al Katter of the Carling Brewing Co. is president; Cal
Rainey of the Carnation Co. is vice president; R. P. Hofmann,
of Hallendcr-Seeley, treasurer, and Tom Elliott of Kimberly
Clark Corp., secretary.
All interested persons are invited to attend the regular no
host breakfast meetings, according to Elliott, scheduled for
the first Monday of each month. The next meeting will be at
7 a.m. at Hamburger Heaven, Eugene.
PROMOTION MANAGER WINS Paul Becker, merchandis
ing and promotion manager for Oregon Triangle KVAL-TV
(Channel 13) Television stations, has been named a winner in
the fifth annual NBC-TV promotion managers awards contest.
Becker was one of only 20 promotion managers so honored
throughout the country and the only one named from a West
Coast Station.
Top entries from NBC affiliate stations were judged by
five leading advertising agencies based in New York. Becker,
who resides in Eugene, has been with Triangle Television since
1961.
RUTH-LATHROP ELECTRIC IN BUSINESS A new elec
trical firm, RuthLathrop Electric, Inc., has opened at 296 E.
Fifth Ave., Eugene, specializing in industrial, commercial and
residential wiring.
Principals are Don L. Ruth and Loran M. Lathrop. Lathrop
serves as president, Ruth as secretary-treasurer. Both formerly
were journeymen electricians with Hamilton Electric in Eu
gene 13 years for Ruth, more than six for Lathrop. Before
that Lathrop was employed for five years with Harbor Plywood
Co. at Riddle, Ore.
Ruth and his wife, Gay, and their two sons, live at 2655
Central Blvd. Lathrop and his wife, Simona, and their two
sons, live at 360 W. 27th Ave., Eugene.
BUILDING NEARS COMPLETION A new $125,000 office
and apartment building at 1750 Willamette St., Eugene, is
nearing completion by Eugene Contractor Aage Toftemark for
the owner, V. A. Baker of V. A. Baker Realty.
The three-story structure was designed by Western Engi
neering Consultants. The 100-by-33-foot building will house
the Baker real estate office, a certified public accountant's of
fice, and two bachelor apartments on the ground floor.
The two upstairs floors will make up a single residence.
MANAGER NAMED Marvin E. Morgan, quality control and
inventory supervisor at Georgia-Pacific Corp.'s Springfield
sawmill, has been appointed manager of a new division of a
Jones Veneer and Plywood Co. at Alameda, Calif. Jones Ve
neer is a G-P subsidiary.
Succeeding Morgan will be Donald S. Bond, former night
mill foreman at the Springfield sawmill, according to J. O.
Dixon, sawmill manager. The new Alameda division of Jones
Veneer has acquired a location at dockside at which mahogany
lumber it imports from the Philippines will be dried, graded
and shipped.
FINISHES TRAINING COURSE Louis H. LaCheck Jr., an
agent for State Farm Mutual Automobile Insurance Co., Eugene,
recently completed a four-week training course in policy con
tracts and claim serving at the firm's home offices in Blooming
ton, 111.
VIK NAMED DELEGATE Trygve S, Vik, Eugene con
tractor, has been elected a delegate to the 1963 convention of
Lutheran Brotherhood, a fraternal life insurance society.
He is one of 250 selected as delegates to the convention to
be held May 18 in Chicago. Delegates will elect five directors
to 12-ycar terms and will tran"ct other business.
OREGON DIVISION MANAGER NAMED Herman Gcr
hardt, who has been manager of the engineering and new prod
uct development division of the Edward Hines Lumber Co. at
Hood River, has been named manager of the firm's Oregon
Division, according to Howell H. Howard, executive vice presi
dent. VOS TO ATTEND CONVENTION Clarence H. Vos, Eugene
plumbing and heating contractor, has been selected to repre
sent the State of Oregon Plumbers Assn. Thursday and Friday
at the Western Mechanical Conference in Las Vegas.
The conference will he attended by contractors from all
states west of the Mississippi.
GENERAL AGENT WITH WESTERN LIFE Robert G.
Nelson of 2749 Jefferson St., Eugene, has been appointed gen
eral agent in the Eugene area for Western Life Insurance Co.
of St. Paul, Minn.
Insurance Co.
Nelson formerly was with the Prudential
CAL ROOF OPEN HOUSE Cal Roof Wholesale. Inc. of
Eugeni held a public open house Saturday at its new location,
720 Wilson St. in the Eugene Industrial Park.
Jacob Twersky, vice president and manager, said the firm
moved Feb. 11 from its former location at 1865 W. Sixth Ave.
The new 30,000 square-foot structure was built by Vik Con
struction Co. for owner Kenneth Gilbert. Total cost of the
project including land and building will be between $160,000
and $170,000, Twersky said.
Cal Roof's pre-hung door plant, formerly situated in Spring
field, now is in the new building, along with offices and stor
age areas. Cal Roof also has offices and outlets in Portland
and Salem.
Boeing Reports
Earnings Drop
SEATTLE im Boeing's net
profit showed an $85 million
decline last year to $27,154,000,
equivalent to $3.40 a share, the
company reported at a direc
tors' meeting this week.
This compared with earnings
n $35,661,000. equivalent to
$4 47 a share, in 1961.
President William M. Allen
said a drop in deliveries of com
mercial jet airliners and high
research and development costs
in the 727 trijet transport and
107 helicopter programs ac
counted for the lower profit.
Allen said unfilled orders at
the end of the year total $1.62
billion.
New Courthouse
McMINNVILLE tfi A new
$789,000 Yamhill County court
house got under way Tuesday.
It will replace a courthouse
built in 1888. The new one is to
be completed by the end of
1964.
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