PALMER LEWIS CO INC &lt;LWIS> 4TH QTR NET

  Qtr ends Jan 31
      Shr three cts vs one cent
      Qtrly div seven cts vs seven cts prior
      Net 106,185 vs 28,871
      Revs 46.9 mln vs 30.3 mln
      12 mths
      Shr 33 cts vs 23 cts
      Net 1,306,595 vs 878,484
      Revs 187.2 mln vs 140.8 mln
      NOTE: effective July One, 1986, the company acquired the
  outstanding stock of Western American Forest Product Inc for
  cash and convertible debentures. the acqustion is accounted for
  as a purchase and consolidated statements include Western's
  results of operations from July One, 1986.
      payout for dividend is may six to stockholders of record on
  April 13.
  

