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POPE & TALBOT COMMENTS ON THIRD QUARTER EARNINGS

 PORTLAND, Ore., Sept. 20 /PRNewswire/-- Pope & Talbot Inc. (NYSE: POP) today reported that 1993 third quarter earnings likely would fall in a range of 5 cents to 10 cents per share, compared with a loss of $907,000, or 8 cents per share, for last year's third quarter.
 The outlook is for higher lumber earnings and better overall results in the 1993 fourth quarter. Moreover, helped by a recently announced pulp contract with Gray's Harbor Paper Co., 1994 earnings could show a very positive comparison with 1993.
 Peter T. Pope, chairman, president and chief executive officer, stated, "Third quarter earnings will only be slightly above break-even, as profits in lumber and disposable diapers currently are only moderately more than offsetting losses in pulp and tissue." He continued, "Recent additional strength in lumber demand and prices will help fourth quarter results." He concluded, "Then beginning in early 1994, and helped by the Gray's Harbor Paper Co. contract, we should see additional earnings improvement."
 Pope & Talbot Inc. is a publicly held, Portland-based paper, pulp and wood products company traded on the New York Stock Exchange. Pope & Talbot was founded in 1849 and has operations throughout the United States and in Canada.
 -0- 9/20/93
 /CONTACT: C. Lamadrid of Pope & Talbot, 503-228-9161/
 (POP)


CO: Pope & Talbot Inc. ST: Oregon IN: PAP SU: ERP

JH-IC -- SE005 -- 3611 09/20/93 11:10 EDT
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Publication:PR Newswire
Date:Sep 20, 1993
Words:230
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