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 OWEN-OREGON LUMBER COMPANY GENERAL OFFICE: Medford, Ore. HISTORY: Incorporated under laws of Oregon, 1924. Organized to consolidate and operate timber land in Jackson County, Oregon, which the John S. Owen Company of Eau Claire, Wisc, had been selecting and assembling since 1913. BUSINESS: Owns about 1,100,000,000 feet of timber and operates a logging railroad, logging camps, sawmill with a capacity of 60.000.000 feet. planing mill, 20 dry kilns, machine shops, etc. SUBSIDIARIES: Medford Logging Railroad Company. . FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Serial Rate Dated Matures Authorized Outstanding Sinking Fund Gold Bonds 5% % 11-16-25 1928-40 $3,500,000 $1,800,000 Interest Payable: May and Nov. 16 interest payment date at par and ac- it First Iowa State Trust Co., Burling- crued interest. :on, Ia., or Continental Illinois Trust Sinking Fund: Payments to be made Yo., Chicago. is trustee as timber is cut to total $3,- Principal Payable: On Nov. 16, each 0,000. sear as follows: $100,000, 1928 to 1932, Tax Status: Company pays 2% Fed- nel; $150,000, 1933 to 1935; $200,000, eral income tax. 936 to 1939; $250,000, 1940. Security: First mortgage on timber, . . land, railroad and mill properties. To- Trustee: Calvin Fentress, Chicago, tal value, $5,595,829. and First Iowa State Trust & Savings ’ AR > : : Other Details: Of $3,500,000 author- lank, Burlington, Ia. . . . ized, only $2,000,000 issued. Balance % Registerable: Coupon bonds regis- for any corporate purpose and 1% to erable as to principal. pay l% cost of additional timber. Denominations: $1,000, $500, $100. Offered by: Baker, Fentress & Co, Callable: On 30 davs' notice on anv Chicago. Nov.. 1925. PACIFIC SPRUCE CORPORATION GENERAL OFFICE: Toledo, Ore. HISTORY: Incorporated under laws of Delaware, Nov. 10, 1920, to purchase from the United States Spruce Production Corp. (a governmental agency). certain of its assets. Began operations in 1922. BUSINESS: Company said to be largest producer of spruce lumber in U.S. PROPERTY, PLANTS, EQUIPMENT, ETC.: Northern properties consist of 17,545 acres, owned in fee and 872 acres of long timber rights, cruising 994,854,000 feet. Southern properties include 12,759 acres, cruising 701, 815,000 feet, all rights, title and interest held under contract of purchase with the TU. S. Spruce Produc- ion Corp. Company also owns 33% miles of standard gauge logging railroad and logging equipment sufficient for 5 complete camps. Plant located at Toledo, Oregon—annual capacity of 75.000,000 ft. running 83-hour shift per day. SUBSIDIARIES: Company controls the Manary Logging Co. the Pacific Spruce Northern Ry. Co. and C. D. Johnson Co. (the last being a sales organization). MANAGEMENT: H. B. Hewes, Chr. Bd.; C. D. Johnson, Pres.; Dean Johnson, Vice-Pres. & Gen. Mgr.; E. E. Johnson, Sec.-Treas.: R. S. Trimbull, Asst. Sec.: J. F. Markham, Asst. Sec.-Treas. DIRECTORS: HH. B. Hewes and C. D. Johnson, Portland, Ore.; Nathan Paine, Dshkosh, Wis.; C. R. Lyon, Decatur, 11l.; Dean Johnson, E. J. Kock, E. E. Johnson. E. W. Paine, J. W. McWilliams, all of Portland, Ore. Fiseal Year Ends: Dec. 31. Annual Meeting: 2nd Wed. in June. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 1. 7%Cumulative Preferred Stock... $100 $4,000,000 $3,019,400 2. Common Stock .... ceeeeeee. No Par 1.000.000 Shs. 486.090 Shs. INCOME STATEMENT, Year Ending Dee, 21. 1029 NOt SALES oomeoememeemeeooemoeamrresameensemeanmameanes somes Coste and Operating EXDENSes ..o..ccameecaeees ....-$2,674,032 aa, 2 RQ2 E28 80,504 29,995 aR 773 TOtAl TICOIMNE cooieeeoeeeememaeomcmacamsonmmeas = immcossssmmmssssis sxissssssooos eae $ 207.236 ViSCE11ANEOUS TEXDEIISE ooooooooeoceicocaamomemaeoasamssirsas am ormomamsoosiasirassomsssoosainsisioas nesses 9.885 CS ® 197.351 Operating Income (lumber)... eens Miscellaneous Operating Income ieee Dther Income eam eee t= Neat Tnecome

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