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

THOMSON'S MANUAL GRANDE RONDE LUMBER COMPANY GENERAL OFFICE: Pondosa, Oregon. HISTORY: Incorporated under laws of Oregon, 1902. Company was organized by George Stoddard and is still managed and officered by the Stoddard family, who own 909% of the stock. CHARACTER OF BUSINESS: Owns and operates saw mills, planing mills, dry kilns, .box factory, yards, sheds, stores and hotel accommodations. Also operate fifteen miles of main line railroad which connects with the Union Pacific at Telocaset. PROPERTY, PLANTS, EQUIPMENT, ETC.: Saw mill at Pondosa, Ore. daily capacity 40,000 ft.; 15 miles railroad, hotels, stores, logging and railroad equip- ment. Company owns 85,000,000 feet of standing timber, mostly pine, and an equity in 55,000,000 ft. more which is under contract. OFFICERS AND DIRECTORS: Elmer I. Stoddard, Pres.; G. Earl Stoddard, Sec- Treas.; A. Lester Stoddard, John 1. Stoddard, Joseph Stoddard. CAPITALIZATION: Authorized, $1,000,000; outstanding, $611,000. First Mortgage Sinking Rate Dated Due Authorized Outstd. fund Gold Bonds..............c.eee. 1% 7-1-27 7-1-34 $300,000 $200,000 interest Payable: Jan. & July 1. fornia or Oregon personal property Trustee: Title & Trust Company, tax not exceeding 5 mills. ~ortland, Ore. Security: First mortgage on mill and Denominations: $1,000, $500, $100. timber valued in excess of $600,000. Callable: At 102 during first 2 years; Legal Opinion by: Veazie & Veazie, 101.50 next 3 yrs.; 101 during last 2 yrs. Portland, Ore. on 30 days’ notice. Other Details: Additional $100,000 Sinking Fund: $3.00 per M feet, tim- may be issued only by approval of un- ber cut under mortgage and $1.00 per derwriters on basis $1.25 per M mer- M feet, contract timber. chantable timber. Tax Status: Company pays 29% Fed- Offered by: Freeman, Smith & Camp aral Income Tax and will refund Cali- Co., July, 1927, at $100 GLENDALE LUMBER COMPANY GENERAL OFFICE: Glendale, Ore. HISTORY: Organized in 1902 and has been operating since that date. Surplus earnings have been reinvested in standing timber. BUSINESS: Engaged in the manufacture and sale of sugar and vellow pine and Douglas fir lumber. : PROPERTY: Electrically driven band sawmill, daily capacity 60,000 feet. Ap- proximately 5,873 acres, cruising 160,000,000 feet merchantable timber, in Doug- las County. Oregon. Logging railroad and equipment. FUNDED DEBT, As of April 1, 1930 First Mortgage Sinking Rate Dated Due Authorized Outstanding Fund Gold Bonds __._..____..__........ . 6% 9-1-28 9-1-36 $200,000 $107,000 Interest Payable: Mar. and Sept. 1, © Callable: On 30 days’ notice at 100, it office Baker, Fentress & Co., Chi- plus 1% 9% for each unexpired year. ~ago, Ill. Sinking Fund: $2.50 per M as tim- Principal Payable: $9,000 semi-an- ber is cut. nually on March 1 and Sept. 1, 1929, to Tax Status: Company pays 2% Fed- 1936. : eral Income Tax. Trustee: Continental National Bank Security: First mortgage on all & Trust Co., Chicago, IlL fixed assets. Registerable: As to principal. Offered by: Baker, Fentress & Co. Denominations: $1.000. $500. $100. Chicago. Sept., 1928. GREAT WESTERN TIMBER CORP.. LIMITED GENERAL OFFICE: Vancouver, B. C. PROPERTY: Company owns waterfront property in Vancouver, B. C., valued at $225,000; 16,000 acres timber land, cruising 1,000,600,000 feet of merchantable tim- ber on Vancouver Island, near Port Renfrew; 88,729 acres, estimated cruise of 2,800,000,000 feet on Graham Island; total valuation. $1.425.000. OFFICERS: Howard Cole, Pres. FUNDED DEBT, As of May 1 ,1930 First Mortgage Sinking Rate Dated Due Authorized Outstanding fund Bonds ___.... reer 615 9% 3-1-28 3-1-38 $300,000 3$269.000 Interest Payable: Mar. 1 and Sept. until maturity at 103. l, at Dominion Bank of Canada. Sinking Fund: $25,000 payable to Trustee: Toronto General Trusts trustee annually Mar. 1. . Corp. Security: First mortgage on fixed Callable: On 90 days’ notice until assets. . . Mar. 1, 1930, at 100; until Mar. 1, 1932 Offered by: Royal Financial Corp. ait 101 Mar 1 1934 at 102: Mar. 2. 1934. 1.td., Vancouver. B. C., at 99

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