Thomson's manual of Pacific Northwest finance

Bibliographic data

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

LUMBER AND TIMBER COMPANIES WALTON LUMBER COMPANY GENERAL OFFICE: Everett, Wash. HISTORY: Incorporated under laws of Washington, 1913. BUSINESS: Manufacturers and distributors of Douglas Fir and Hemlock Lumber. Also manufacture Douglas fir veneer and plywood. PROPERTY: Electrically driven sawmill, built in 1927, at a cost of $1,184,580. Millsite of 100 acres, located on the Snohomish river, adjoining the city of Ev- erett, Wash. SUBSIDIARIES: The Wallace Falls Timber Co., which owns contracts on 260,- 000,000 feet of merchantable timber near Gold Bar, Wash. Walton Veneer Co., which manufactures veneer and plywood. OFFICERS: Clyde Walton, Pres.: Roy W. Thomas, First Vice Pres.; Edward I. Wight, Vice Pres. FUNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding ee BU 10-15-27 1928-32 $250,000 $200,000 '—=-il & Oct. 15, Tax Status: Company pays 2% Fed- eral income tax. Security: Pledge of 2,999 shares of a total of 6,000 shares of the Wallace Falls Timber Co. and are guaranteed by indorsement by Clyde Walton, W. W. Walton, E. D. Walton, Roy W. Thomas and Ed B. Wight. Legal Opinion by: Donworth, Todd & Holman, Seattle, Wash. Offered by: Baillargeon, Winslow & Co. (Seattle Co.), Oct.. 1927 at 100 Secured Serirl CG Notes Interest Payable- it trustee's oi: _c. Principal Payabl:. {25,000 each Oc- tober 15, 1928 to 1%31, incl.; $150,000 Jct. 15, 1932. Trustee: Everett Trust & Savings Sank, Everett, Wash. Denominations: $1,000, $500. Callable: In inverse order on 30 days’ notice at 101 on any interest pay- ment date up to Oct. 15, 1931, incl, and thereafter at 100%. WOOD & ENGLISH, Limited GENERAL OFFICE: Vancouver, B. C. HISTORY: Incorporated under laws of British Columbia, Dec. 1, 1917, as Nimp- kish Timber Co. Name changed to above May 7, 1924, BUSINESS: Organized to consolidate and operate a group of Crown Grant tim- ber properties and perpetual timber licenses in the Nimpkish I.ake region on Vancouver Island, B. C. PROPERTY: Company owns 50,000 acres of land with standing timber esti- mated at 1,300,000,000 feet. Timber Investment Co. owns approximately 1,500,- 000,000 feet of standing timber, unencumbered, 50% of which is tributary to Wood & English, Ltd. properties. Wood & English also owns 18% of the capital stock pledged under outstanding bonds. Equipment includes 6 logging camps, 40 miles of railroad, 21 donkey engines, 5 steam locomotives and 125 cars. The mill has a two-shift capacity of 300,000 feet B. M., and wharf and vards are on deep water at Englewood, B. C. OFFICERS: F. J. Wood, Pres.; Norman A. English, Sec.-Treas. Fiscal Year Ends: Dec. 31. Annual Meeting: 4th Mon. in March CAPITALIZATION, As of Dee. 31, 1929 0 Yalue Authorized ~0 $ 500.000 0) 22 500.6000 7% Cum. Pref. Stock... Common Stock o.oo... ...... NOTE: Stock closely h='~ Outstanding $ 500,000 22 500.000 of Dec. 31, 1929 First Coll. Trust 8 2d Due Authorized Outst. Fund Gold Bonds......... 5-1-3¢ $1,000,000 $624,700 Collateral Gold Notes... 1931 $ 250.000 $200,000 i. FIRST MORTGAGE & COLLATERAL TRUST 7% SINKING FUND GOI.D RONDS . bo, Interest Payable: May 1 and Nov. 1 at Bank of California, N. A., Seattle, Portland, Tacoma or San Francisco. Trustee: Yorkshire & Canadian Trust, Litd., Vancouver, B. C. Denominations: Coupon, $100, $500. $1,000. Callable: At 103 on anv interest date on 30 davs’ notice Sinking Fund: $1.25 per M cut from standing timber with following mini- mum requirements: 1926, $35,000; 1927, to 1931, $65,000 each; 1932 and 1933, $75.000 each; 1934 to 1937, $80,000 each; 1938 and 1939, $85.000 each. To be used in purchase or redemption of honds at nat exceeding 103. secured: Bv a first lien on all the

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