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 V. Pulp and paper companies

Collection:: Economics Books

T > AND PAPER COMPAN:. 165 sulphite. Sufficient pulp wood will be obtained under these contracts, it is es- timated. to supply requirements for 25 years. The company also owns standing timber. PROPERTY AND PLANTS: Properties of company include approximately 29 acres of land. on tidewater, Hoquiam, Wash. Sulphite pulp mill, with daily ca- pacity of 175 tons of unbleached sulphite, or 150 tons of bleached sulphite and paper mill, with daily capacity of 50 tons of bond paper. Auxiliary facilities in- clude wood-preparing plant, warehouse, docks and power house. Company owns water rights and modern water system, including approxi- mately seven miles of 36-inch pipe line, with filter plant and accessories, ca- pacity twenty million gallons daily. Company has the advantage of both rail and water transportation. Docks have been constructed to accommodate vessels of 35-foot draft. OWNERSHIP AND MANAGEMENT: More than 60% of Preferred and Common stocks is owned by I. Zellerbach, E. M. Mills, J. D. Zellerbach and H. 1. Zeller- bach, all of whom are active officers in the Crown Zellerbach Corporation,, Ham- mermill Paper Company and Polson Logging Company of Hoquiam, Wash., and Robert Polson, manager of Polson Logging Company. OFFICERS: E. M. Mills, Pres.; 1. Zellerbach, J. D. Zellerbach, Vice Pres.: W. L. Raymond, Secy.; 8. Sonnenberg, Treas. and Asst. Secy.;: Chas. H. Conrad, Asst. Secy.; A. I. Ellis, Asst, Secy. and Asst. Treas. DIRECTORS: E. M. Mills, I. Zellerbach, J. D. Zellerbach, H. L. Zellerbach, Charles R. Blyth, W. L. Raymond, Norman W. Wilson, W. S. Lucey, Wm. T. Brust and Wm. F. Bromley. Fiseal Year Ends: Dec. 31. Annual Meeting: 4th Tues. in May. Number of Employes: Dec. 31, 1928, about 300. Transfer Agent and Registrar: Company, San Francisco. CAPTT "7 ATION, As of Dec. 31, 1929 = Value Authorized Outstanding o Par 33,790 Shs. 33,790 Shs. ~o Par 72,517 Shs. 72.517 Shs. Note: On Aug. 20, 1929, Preferred stock was increased from 25,000 shares to 33,790 shares, and Common stock from 55,000 shares to 72,517 shares. Stockhold- ers offered rights to subscribe to new stock in units 1 share Preferred and 2 shares Common at $120 per unit. Rights expired Sept. 30, 1929. I. 8 CUMULATIVE PREFERRED STOCK Provisions: Entitled to cumulative vidends any time after May 1. 1930, on dividends of $8 a share per annum, and 30 days’ notice. no more, and £100 per share in liquida- Voting Power: Non-voting. tion, } Dividends: Payable Jan. and July 1. Callabk 7 and accrued di- None paid to Jan. 1, 1930. NDED DEBT, As of Dec. 31, 1929 at Dated Due 1st Mtg. Gold Bonds 4-1-28 4-1-43 1st Mtg. Gold Bonds........... » 1-1-29 1-1-44 I. FIRST MORTGAGE 6% GOLD BONDS, Series 1943 Interest Payable: April 1 and Oct. 1 Tax Status: Company payvs Fed. In- at Bank of Italy, Nat. Trust & Sav. come tax up to 29% and refund on Calif. Assn, San Francisco. personal prop. tax of 4 mills, Trustee: W. J. Kilferdorf. Security: First mortgage on all fixed Callnble: At 103 and accrued interest assets now owned and on all improve- to April 1, 1938; thereafter at 100 and ments, additions and extensions. accrued interest. L 1 Ovini bv: M Pilsbur Sinking Fund: Annual pavments be- (fen D on Pn ears, isbury, ginning April 1, 1930, of $100,000, one- Madison & Sutro, San Francisco. half of such payments to be used for Offered by: Blyth & Co., Schwabach- retirement of outstanding bonds and er & Co. Seattle and San Francisco, one-half for permanent improvement, April 1, 1928. 2. FIRST MORTGAGE 6%: GOLD BONDS. Series 1944 Interest Payable: Jan. and July 1 at Tax Status: Company pays 29% Nor- lank of Italy, Nat. Trust & Sav. Bank, mal Fed. Income tax and refunds Calif. A anaing, ¥. Hiatordart personal prop. tax of 4 mills. ustee: LJ. ieferdorf. : ry i ix Callable: At 103 and accrued interest asaorurlty: First Worigngs sn gl) fixed to Jan. 1, 1939; thereafter at 100 and et ; ; . a ons, accrued interest. Xtensions and improvements. Sinking Fund: Annual payments, be- Legal Opinion by: Messrs. Pillsbury, ginning Jan. 1. 1932, of $50,000, one- Madison & Sutro, San Francisco. half to be used for redemption of Series Offered by: Blyth & Co. and Schwa- 1944 Bonds and one-half for permanent Jacher & Co., Seattle and San Francisco additions and improvements fan. 1. 199290 At,

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