Maxxam Inc.: The Los Angeles aluminum, forest...

Maxxam Inc.: The Los Angeles aluminum, forest products and real estate concern reported third-quarter net income of $37.9 million, up more than 350% from last year. Revenue totaled $647.7 million, up twelvefold from a year ago. The company credited price increases on the sales of Douglas fir and lower grades of redwood and an overall increase in lumber shipments.