PALMER LEWIS CO INC <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.