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 WASHINGTON VENEER COMPANY GENERAL OFFICE: Olympia, Wash. CONTROL: By Aircraft Plywood Corp., Seattle, Wash. HISTORY: Incorporated under laws of Washington, 1924. In Oct., 1929, Air- craft Plywood Corp. acquired 2,005 of the 4,000 outstanding common shares. BUSINESS: Engaged in the manufacture of veneers and plyboard panels, for doors, auto bodies, trunks, furniture, sign boards. ete. Also manufacturer lum- per in standard specifications. PROPERTY: Concrete and steel veneer plant, with equipment for 80,000 square feet per day. Sawmill of 60,000 feet, board measure, capacity. Tl.ocated on salt water at Olympia, Wash. DFFICERS: E. Westerman, Pres. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding 1. 8¢ Cum. Pref. Stockuooceerccceeee. $100 $500,000 $500,000 2, Common Stock icici. = $100 8.000 shs 4.000 shs PREFERRED STOCK Provisions: Entitled to cumulative Tax Status: Company pays normal dividends at the rate of $8 per share Federal income tax up to 2%. per annum. Has preference as to as- Dividends: Payable semi - annually sets Jan. and July 1, at Capital Nat. Bank, Callable: At 104 as a whole or in Olympia. art on any dividend date on 60 days’ Public Offering by: Marine National notice. Co., Seattle, March, 1930, at 100. INCOME STATEMENT, Year Ending Dec. 31, 1929 Gross Sales cueeceecceeeieeeeeaaaneaa$1,998,554 Selling & Gen. Expense............ 151,383 Less Freight and Allowances. 109 268 —-— Net Sales oo - Net Operating Profit......$ 233,230 Cost of Manufacture...... Interest, Amortization, Misec..... 56.319 Gross Profit 0 ,ul3 Net Profit .. eeeeen$ 176.911 COMPARATIVE BALANCE SHEET, As of Jan. 1 ASSETS— 1930 CASH ceeeeeeeeemcceem creme eens 19,861 Accounts Receivable ___..... 202,386 mventorv 164.760 1. R]R% CUMULATIVE 4,659 93.075 120.368 $ 228,102 4.500 767,873 11.101 ¢1 001.576 Total Current Assets | nvestments—Stocl .... Fixed Assets ......... Deferred Charge TOTAL ASSETS . LIABILITIES Current ... [ES Fixed ......... ————————————————— Tasers mane RESCTVES ietrmmcccceeeaacamememaeas enn em——————- Common Stock ..iveevicicees roman EA ERE ER Preferred SOCK eee camee + —mmemmeameecaeamaocmcamasnnnan eos Surplus—=Special .... eee eee eee mmam mmm mmmmmemnemmemaemaanae- SUrplns ees —————— TOTAL LIABILITIES Tl. 5.600 ©1767 434 "F488 474 991 000 000 .39 ngY ,1.767.434 154,573 144,818 115,485 £00,000 91,390 (05.310 1 001.576 FUNDED DEBT, As of Dec. 31, 1929 First (Closed) Mortgage Sinking Rate Dated Due Authorized Qutstand. Fund Gold BondS..............._.. 6Y%% T-1-928 7-1-36 $150.000 $127,500 Interest Payable: Jan. and July 1at $7,600 principal amount of bonds by National Bank of Commerce, Seattle. purchase at not exceeding par and in- Trustee: National Bank of Com- ‘erest or call by lot. nerce, Seattle. Tax Status: Company pays 2% Fed- Registerable: As to principal. aral income tax. D i i : 0 Security: First closed mortgage on vp Do omisnt ons Coupon, 354 any all fixed properties now owned or here- Caliable: As a whole or in part by after acquired. lot on any interest date on 60 days’ Legal Opinion by: Messrs. Donworth. notice at 100 and accrued interest. Todd & Holman, Seattle. Sinking Fund: Beginning Jan. 1, Offered by: National Bank of Com- 1098 retire each succeeding 6 months merce. Seattle. July. 1926, at 9915.

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