Thomson's manual of Pacific Northwest finance

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Monograph

Identifikator:: 1838857176

URN:: urn:nbn:de:zbw-retromon-229226

Document type:: Monograph

Title:: Thomson's manual of Pacific Northwest finance

Place of publication:: Seattle

Publisher:: Thomson's Statistical Service

Year of publication:: 1930

Scope:: XXX, 487 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section IV. Lumber and timber companies

Collection:: Economics Books

.UMBER AND TIMBER COMPANIES GENERAL COUNSEL*+* McMicken, Ramsey & Rupp, Seattle, Wash. Number of Employes: 500. TAPITALIZATION, As of Mar. 1, 1930 Par Value Authorized I. Cum. 7% Preferred Stock............... $100 $1.500,000 2. Common Stock .. wren LAL 30,000 shs PREFERRED STOCK ter Horton Nat. Bank. Registrar: Metropolitan Nat. Bank, Seattle, Wash. Public Offering by: First Securities Co., Seattle, Wash., July, 1929, at par and bonus of 1 share Common stoclk. 1. CUMULATIVE 7% Provisions: Takes preference over Common stock as to 79% cumulative dividends and as to assets in event of liquidation. Dividends: 7%, semiannually, Jan. and July 1. Transfer Agent: First Seattle Dex- BALANCE SHEET, As of March 1 ASSETS 22,814 16.502 600 5.245 0.050 15,531 25,869 4.286 06,890 272.614 1.250 242,000 501.250 134,293 *1,502,196 FUNDED DERT, First Mortgage Sinking Rate Fund Convertible Gold Bonds....61% % Interest Payable: Jan. & July 1 by rrustee, Trustee and Registrar: First Seattle Nexter Horton National Bank. Registerable: As to principal only. Denominations: $1,000, $500. Callable: As whole or in part on any interest date, 3 vears after issue on 60 lays’ notice at 103 up to and including Jan. 1, 1932, decreasing 4 9% each vear thereafter. Convertible: Up to July 1, 1934, 10 shares 79% Cumulative Preferred and 10 shares Common stock for each $1.000 hond. at holder's ontion. Cash eeennns Accts. & Notes Rec. ...._ ce Jom. Stock Subscription...... ..._. Interest Accrued ......... Dividends Receivable _. [nventories .......... {fash with Trustee.. Deferred Charges . Real Estate .... Sawmill Office Furniture ...... Cl een Veneer Plant Construc.ion...... Stock Wash, Veneer Co. ........ Dther Assets .... TOTAL ASSETS _. Accounts Pavaw. Notes Payable .. Pref. Dividends ~ Accrued Payroll: ‘ns. Payable _... Accrued Interest Funded Debt _... Preferred Stock ....... Common Stock ..... Deficit .... __. TOTAL LLIARILLITIES $3,821 25,000 28,919 9.692 512 1.895 30,000 02,500 600 687 1. 502 196 x of Dec. 31, 1929 Dated Due Authorized Outstanding 7-1-29 7-1-44 $400,000 $400.000 Sinking Fund: Commencing July 1, 1932, company sets up sinking fund cal- ulated to retire 759% of issue by ma- urity, at rate of $12,500 each six months to purchase bonds in market or 2y lot at call price. Tax Status: Company pays 2% nor- nal Federal income tax. Security: Closed first mortgage on all fixed assets. Legal Opinion by: McMicken, Ram- sey & Rupp, Seattle, Wash. Offered by: First Securities Co. in July, 1929. gat £99.50. BEAR CREEK LOGGING COMPANY GENERAL OFFICE: Portland, Ore. HISTORY: Incorporated under laws of Oregon, 1923. Began operations in July, 1925. Capital stock owned 409% each by Daniel Kern and John Kiernan and 100 cach by J. HL. Wood and H. H. Fisher. BUSINESS: Furnishes logs to the Portland and Columbia River mills. PROPERTY: Approximately: 3,400 acres of timber land in Oregon, 25 miles from Portland, originally containing 220,300,000 feet of timber. DFFICERS and DIRECTORS: John Kiernan. Pres.: Daniel Kern. J. H Wood H. H. Fisher, all of Portland. Ore. Fiscal Year Ends: Dec. 31. FUNDED DEBT, As of April 13. 1930 Date First Mortgage Serial Rate Issued Matures Authorized Outstanding Sinking Fund Bonds ..............6% 11-1-25 4-1-33 $700,000 $243,000 Interest Payable: A. & O. 1 at trus- for each unexpired year. ees’ office, Chicago, Ill. Sinking Fund: Company makes pay- Principal Payable: $100,000 Apr. 1, ment to trustee as timber is cut equal 1927 to 1932, inclusive: Apr. 1, 1933, to 11% times amount loaned. $50,000. Tax Status: Company pays 29 Fed. Trustee: Continental & Commercial Income Tax. Ravings Bank, Chicago, Ill. Security: First Mortgage on prop- Registerable: As to principal only. erty valued at $1,700,000. Denominations: $1,000, $500, $100, Offered hy: Baker Fentress & Co. roupons. and First National Co.. Chicago, Ill. Callable: At $100 and int.. plus 4 9% Nov. 1425

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