INDUSTRY: The Magic Forest

Cosmopolis, Wash., which became a ghost town in the mid-'20's when loggers cut the last stand of nearby virgin fir, was coming back to life last week. Roaring through the long-silent streets, construction gangs completed the main building of a $20 million plant in which Weyerhaeuser Timber Co. will next year turn second-growth timber into pulp products.

Cosmopolis is only one of many logged-out forest towns throughout the U.S. where lumber companies are stirring into new life, inspired by the technological changes that have put the long-depressed forest industry up among the...

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