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

THOMSON'S MANUAL Registerable: Coupon notes register- company. Company agrees not to issue able as to principal. foie fhe mortgage bonds during the life i : ; A >f these notes. Denominat ons 3599 and $1,000 1931 Legal Opinion by: Messrs. Lancaster, Callable: At 100% to Feb. 1, 1931, limpson, Junell & Dorsey, Minneapolis. and at 100 thereafter, on any interest . . . , s Offered by: First Minneapolis Trust late on 60 days’ notice. x ; : | y Co., Minn., and Wells-Dickey Co., Min- Tax Status: Free of Canadian taxes. neapolis, Feb., 1926. Price to yield security: Direct obligation of the 1.87% to 5.259%, according to maturity. PUGET SOUND PULP & TIMBER CO. GENERAL OFFICE: Everett, Wash. HISTORY: Incorporated under laws of Delaware, Mar. 19, 1929. A consolidation of San Juan Pulp Mfg. Co., Bellingham, Wash.; Fidalgo Pulp Mfg. Co., Anacortes, Wash.; Skagit Valley Lumber Co., Mt. Vernon, Wash.; Mitchell Bay Lime Co, San Juan Islands; Puget Sound & Cascade Ry. Co.; Hartford & Eastern Ry. Co., and Lake Stevens mill and timber properties of B. J. & W. J. Rucker. BUSINESS: Manufacture of bleached and unbleached sulphide pulp, logging, lumber manufacturing, including production of logs and lumber, for general market, and wood supply for company's pulp mills. PROPERTY: (1) Two operating unbleached sulphite pulp mills, using waste wood, at Anacortes and Bellingham, combined capacity 140 tons per day. (2) 150-ton per day bleached sulphite pulp mill with appurtenant “cut-up” sawmill plant, warehouses, docks, ete., built in 1929, on 32-acre site on tidewater in city of Everett, Wash. (3) 80 miles of standard gauge railroad, extending from tidewater at Mt. Vernon eastward through Skagit River valley. (4) Complete modern. sawmill at Clear Lake and necessary logging equip- ment, and ownership in fee or control under favorable contract of over 500.000,- 000 feet of timber tributary to the railroad. (5) 48 miles of standard gauge main line railroad extending from tide- water at Ebey Slough, about 5 miles towage distance from Everett, Wash. east- ward up the Stillaguamish Valley, together with approximately 122,000,000 feet of fee timber. (6) Extensive lime rock deposit on San Juan Island, capable of supplying Companv's present and future needs. DIRECTORS: H. W. Bunker, Chairman of the Board Pierce, Fair & Co., Seattle. and President of Coos Bay Lumber U. M. Dickey, Pres. Consolidated Dairy Company, San Francisco. Products Co., Seattle. Ossian Anderson, President, and for- O. M. Green, Pres. Olympia National merly President of San Juan Pulp Bank. Manufacturing Co., and Fidalgo Pulp R. H. Miller, Director National Bank of Manufacturing Co., Everett. Commerce, Seattle. : 2, F. Knight, First Vice Pres., and Vice H. M. Robbins, Pres. Clark-Nickerson Pres. of Mutual Lumber Co., Tenino. Lumber Co., Everett. William Morrison, Vice Pres. and Vice Peter G. Schmidt, Pres. Schmidt Estate Pres. of Morrison Mill Co., Belling- Co., Seattle. ham. W. N. Winter, Pres. West Coast Tele- dg. R. Lawton, Secy., and Vice Pres. 0” phone Co., Everett. . CAPITALIZATION: Value . Authorized Outstanding Ll. $6 Partic. Pref. Stock... ....No Par 95,000 shs . 50,000 shs 2. Common StocK .rieeeeeeeeeceseccsececameewno. NO Par 95,000 shs 50.000 shs YOTE: 45.000 shares of each class reserved for hond conversion, 1. $6 NON-CUMULATIVE PARTICIPATING PREFERRED STOCK Provisions: Entitled to $6 per share share and share alike. and after Common receives: like amount Public Offering by: Peirce, Fair & in any one year, both classes partici- Co., Aug. 1929, at 100. with bonus one pate in further distribution nf earnings. Common share. FUNDED DERT. As of Dee. 31, 1929 First Mortgage Collateral Trust Convertible Rate Dated Due Authorized Outstanding Gold Bonds ..ooooeeeeeeeeeeeeaeecnnenea. 6% 8-15-29 8-15-39 $4,500,000 $4,500,000 interest Payable: Feb. and Aug. 15, of bond or within 10 davs of redemp- at trustee’s office. tion date. I'rustee: Bank of California, N. A. Tax Status: Company pays normal i Federal income tax up to 2%. Denominations: Coupon bonds. $1,000 Security: First mortgage on all the and $500. : *ixed assets and assignment with trus- _ Callable: As whole or in part on any tee of stock of two railroads owned by interest date on 60 days’ notice at 110. sompany ,and timber contracts. Convertible: Each $500 bond con- Purpose: Construction of 150-ton vertible into units of 5 shares Pre- pulp mill at Everett, Wash. ferred stock and 5 shares Common, at Offered by: Peirce, Fair & Co., Aug nolders' option. anv time during life 1929, at 100.

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