Word: pine
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Wachovia began to grow like Southern pine. It has since acquired twelve smaller banks through mergers, opened up 66 more branches (including four trailer-banks at new shopping centers), doubled its deposits and tripled its operating income. Today it has 89 branches in 31 North Carolina towns and cities from the Smokies to the sea. Last year Wachovia's earnings rose 18%, almost twice the national average for banks, to $8,900,000. Wachovia serves as banker to the tobacco industry, but it also does business as varied as $1,000,000 loans to textile manufacturers and $ 100 loans...
...touched back down at Oakland, Calif., 27,750 miles and 57 days later-only to have a rival, Jerry Mock, flying a route 4,000 miles shorter, beat her by 25 days; of injuries sustained when the rented Cessna 181 she was flying with a friend crashed near Big Pine, Calif., six weeks after she walked away unscathed from the crash of her own Piper Apache...
...makers have begun to move into the South in force, ending a regional monopoly in softwood plywood that the Douglas-fir-growing Pacific Northwest has enjoyed for decades. In the past year, three new mills have opened in Texas and Arkansas to make plywood from the faster-growing Southern pine. Weyerhaeuser Co., the world's biggest producer of timber products, is building a plant at Plymouth, N.C. Vancouver Plywood is at work on two plants in Louisiana, and at least eleven other firms are planning or building Southern plants and scrambling to tie up timber stands. Their total investment...
...save freight (the South is nearer to most markets than the Northwest) and partly to take advantage of the South's rising supply of available timber, but it is a new technology that makes the move possible. New glues and dryers developed by the industry have overcome Southern pine's high moisture and pitch content, which made its wood difficult to stick together. Automated loaders and lathes can now handle pine logs, which are much smaller than fir, and peel off layers of veneer...
...skiers' next meet will be the six-pine, or downhill, events also, but they have had no races yet. The slalom and giant slalom are Alpine events...