Due
to this limitation, the firm grew to five yards
in Tacoma by 1910. The arrival of cheap motor transport
in the 1930’s ended this expansion. The company
trimmed its holdings during the Depression to the
present two yards, the original one at M Street
and the other on Sixth Avenue. The fuel company
and two lumber mills were also liquidated at this
time. Despite the challenges of the Depression,
business continued apace. Many homes in Tacoma were
both furnished and constructed by Gray Lumber Company
before and during the Depression. WWII and after
was a time of consolidation for Gray Lumber Company
as the firm concentrated on lumber and hardware
sales in Tacoma. Neil Gray began to assume ownership
from his father Claude after returning from service
in the Navy during the war. Ownership passed to
the present third generation, Neil "Mac"
Gray and Stephen Gray, in the 1980’s.