Stimson Lumber auctions off mill items
Stimson Lumber has auctioned off the inventory of its 125-year-old mill in Bonner, Mo.
The Portland, Ore.-based lumber company closed the mill in July of this year following a “chronic, long-term” shortage of logs in western Montana relative to the high milling capacity in the area.
According to the Missoulian newspaper, goods are being auctioned off of the mill through today, including blades, drill presses and numerous other items. The lumber mill has been up for sale since August, at an asking price of $16 million, according to the report.
Stimson Lumber operates nine manufacturing locations in the United States, in Idaho, Montana, Oregon and Washington.
Massachusetts hardware store to test alcohol sales
County Line Farm and Hardware in Brimfield, Mass., recently received a license to sell beer and wine, according to an article in the The Republican newspaper.
County Line owner Robert H. Clark told the local Board of Selectmen that “funds are tight” for the store and that the license to sell alcohol would help “keep its doors open,” the article said. The County Line store carries about 8,000 hardware skus, as well as cigarettes and other convenience store type items.
Local government officials voted unanimously to approve the license. It is now pending before the state Alcoholic Beverages Control Commission, which has final say over all liquor licenses in Massachusetts. According to state regulations, the town is allowed to have five retail stores with licenses to sell beer and wine.
HCN Index surges Monday
On a day of the Dow’s biggest bounce back ever — up 936 points — the HCN Stock Index surged 6.36 percent.
Friday’s historic surge brought the HCN index, a basket of 20 home channel companies weighted by market cap, to 775.53. The increase made up for the dramatic losses of Wednesday, Thursday and Friday, but the index was still down from the 820.85 level at the beginning of last week.
Home Depot and Lowe’s led the charge, up 9.92 percent and 11.73 percent, respectively. Of the 20 companies on the HCN index, only three declined during Monday’s bullish run: Sears Holdings, down 4.3 percent; BlueLinx, down 1.67 percent; and Huttig, down 5.74 percent.