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 PENINSULA LUMBER COMPANY GENERAL OFFICE: Portland. Oregon. FIRST MORTGAGE 6%% SERIAL GOLD BONDS Dated: Oct. 1, 1923. Due: Serially Amt. Authorized . eeeneeenaaa-3400,000 April 1, 1924, to Oct. 1, 1929... Now in Amt. Retired .. $£250.000 jefault as to principal and interest _ since October 1, 1928. - Amt. Outstanding Dec. 31, 1929..§150,000 Trustee: Security Savings & Trust Note: In default as to principal and Jo.. Portland, Ore. interest since Oct. 1, 1928. PORT ORFORD CEDAR PRODUCTS COMPANY GENERAL OFFICE: Marshfield, Ore. HISTORY: Incorporated under laws of Delaware, July, 1928, as a consolidation of Western White Cedar Company, Coos Veneer & Box Company and Pacific Veneer Company, all of Marshfield, Ore. and to acquire extensive stands of Port Orford cedar timber available to manufacturing plants. PROPERTY: Holdings of the company total over 33,360 acres largely owned in fee simple, located in Coos, Curry and Douglas Counties, Oregon. Lands carry, according to estimates, 214,269,000 feet of Port Orford cedar (all owned in fee except 19,360,700 feet of timber rights) and in excess of 920,000,000 feet of other timber, largely Douglas fir (all owned in fee except 86.088.500 feet of timber rights). At Millington near Marshfield, is located company’s sawmill, capacity 20,000,- 000 feet annually; at Marshfield two veneer and battery separator plants using approximately 12,000,000 feet annually. Marshfield and Millington are located on Coos Bay, a deep water port; cargo shipments loaded directly aboard vessels. Plants also served by Southern Pacific Ry. The company has contracts with other operators in the Coos Bay district for Julivary Port Orford cedar logs. These contracts cover an estimated 137,200,000 eet. OFFICERS: C. E. Dant, Chr. of Bd.; A. E. Adelsperger. Pres.; J. D. Goss, Secy.: Claude Nasburg, Treas. GENERAL AUDITORS: Haskin & Sells. Fiseal Year Ends: Dec. 31. Annual Meeting: 1st Mon. in Feb. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 1. 7% Cum. Pref. Stock.ooooooe- cecccececceee.. $100 $1,000,000 None 2. Common Stock .... eee. $100 $7.000.000 $6.178.683 FUNDED DEBT, As of Dec. 31, 1929 First Mortgage Sinkinz Fund Rate Dated Pue Authorized . Outstanding Gold Bonds ...... eee 69% 2-1-29 2-11-39 $3.500.000 $2,400,000 To be used to retire bonds bv purchase or call. Security: First direct mortgage on all timber, railroads and plants of the company. So long as any bonds are outstanding, company shall not pay dividends which would reduce current 1ssets below 3 times all current liabili- fies. Legal Opinion by: A. C. Shaw, Port- and, Ore., and Henry Fitts, Chicago. Purpose: Issued to complete pay- ment of timber acquired, to retire cur- rent indebtedness and for additional working capital. Offered by: Baker, Fentress & Co. and Continental Illinois Co... Chicago. March. 1929. at 9815, Interest Payable: Feb. and Aug. 1 at Anglo & London-Paris National Bank, san Francisco, or office of trustee. Trustee: Continental Illinois Bank % Trust Co., Chicago. Registerable: As to principal. Denominations: Coupon. $100. $500 and $1,000. Callable: As a whole or in part on 30 days’ notice on any interest date at par plus 14% for each unexpired year or part thereof, but not to exceed 102. Sinking Fund: Payment of $18.00 per 1,000 feet of Port Orford cedar and $1.00 on Douglas fir to trustee in-ad- vance of cutting of mortgaged timber. ROGUE RIVER LUMBER COMPANY GENERAL OFFICE: Portland, Oregon. . HISTORY: Incorporated under laws of New York, in 1907. BUSINESS: Acquiring and holding timber for investment. PROPERTY: 45,000 acres of land estimated to carry 1,589,503,000 feet of timber. Dne-quarter in Sugar and Yellow Pine and three-quarters Fir, located in Rogue River and Butte Creek water sheds, in Jackson County. Oregon. 20 miles east of Medford, valued in 1927 at $3,066,851. MANAGEMENT: Nelson P. Wheeler, Jr.,, Pres., Endeavor, Pa.; W. A. Dusenberry, Portville, N. Y.; Egbert W. Mersereau, R. W. Mersereau, E. L. Mersereau, L. R. Wheeler, Portland, Ore.; W. M. Wheeler, San Francisco, Calif.; Chas. R. Orr. DIRECTORS: Estate of M. H. Quick, Manistique. Mich.. stockholders

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