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

PULP AND PAPER COMPANIES (B.C. Power Corp., Ltd. See Page 3'%) COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Jan. 30, 1929 y ASSETS Cash ........ Dom. Bonds, other ... cur Accounts Receivable Employes’ Housing L~ Stores and Supplies. Bond Sinking Fund Plant & Equipment TOTAL ASSETS 2,131,627 3,701,976 118,368 25,873 92,009 LIABILITIES Accounts Payabi oe Bond Interest Dividends ... “unded Debt ............ Minority Int, held by + Reserves _..... ....... . Tap. Stock & Surplus... TOTAL LIARILITIES ........$131.8371.91.] 2,975,293 501,691 749,600 ~,804,749 2,142,074 9,994,974 76,203,529 RAINIER PULP & PAPER COMPANY OFFICE: Shelton, Wash. EXECUTIVE OFFICE: 534 Battery St. San Francisco, Calif. HISTORY: Incorporated under laws of Delaware, April 26, 1926. Began manu- facturing operations in July, 1927. BUSINESS: Engaged in the manufacture of sulphite pulp. PROPERTY AND PLANTS: Company owns approximately 16 acres of land on tidewater at Shelton, Wash. Plant consists of sulphite pulp mill and wood-pre- paring plant, warehouse, docks, etc. Original daily capacity was 125 tons of un- bleached sulphite pulp, or 115 tons of bleached sulphite pulp. During 1929 addi- tions were made consisting of an additional sulphite digester, bleaching unit, steam rolls on drying machine, high pressure steam boiler and steam turbine, in- creasing daily capacity to 170 tons of unbieached or 155 tons of bleached sulphite pulp. Closely adjacent to plant are two large sawmills, from which company purchases electric energy and steam at low rates. , Company has contracts with several sawmills for wood suitable for sulphite pulp. OFFICERS: E. M. Mills, Pres.; I. Zellerbach, J. D. Zellerbach, J. C. Higgins, Vice Pres; W. L. Raymond, Secy.; S. Sonnenberg, Treas. and Asst. Secy.: Chas, H. Con- rad, Asst. Secy.; A. I. Ellis, Asst. Secy. and Asst. Treas. DIRECTORS: E. M. Mills, I. Zellerbach, H. L. Zellerbach, Charles R. Blyth, all of San Francisco, Calif., and John C. Higgins of New York City. GENERAL AUDITORS: Lybrand, Ross Bros. & Montgomery. Fiseal Year Ends: April 30. Annual Meeting: 2nd Tues. in May. CAPITALIZATION, Ax of Mar. 31, 1930 Par Value Authorized l. Class A Common Stock.....ooeoooooo...... No Par 100,000 shs 2. Class B Common Stock................. No Par 123.000 shs Outstanding 100,000 shs 123.000 sha 1. CLASS A COMMON STOCK . Provisions: Has preference as to right to elect majority of Board of Di- assets and as to cumulative dividends rectors. Such right continues so long of $2 per annum. Participates equally 18 arrearage is equivalent to $1 per share for share with Class B Common ihare. after Class B has received $2 per share. Dividends: First dividend paid Mar. In liquidation is entitled to $34 and 1, 1929 of 50 cents. Continued there- afior Class B has Foceived $34 per after quarterly, $2.00 per annum. share, participates equally in further vedi distribution. Participates equally with Bx-dividend Unie: Feb. 10, ete. Class B in stock dividends or rights to Transfer Agent: Company office, or subscribe to new stock. Neither class “irst Seattle Dexter Horton Nat. Bank. has preemptive right to subscribe to Registrars: Pacific Nat. Bank, Seat- stock issued for consideration or stock Je, or Wells Fargo Bank & Trust Co., entitled to fixed return. Without con- San Francisco. sent of 3 Class A stock, rights may Legal Opinion by: Sullivan & Crom- not be changed or further Class A stock vell, New York. . issued. Public Offering by: Blyth & Co. Callable: Non-callable. Number of Stockholders: Feb, 10, Voting Power: Not entitled to vote, 1930, 1,142. } except when there are arrears in pay- Listed on: Seattle and San Francisco ment of dividends on Class A shares to Stock Exchanges. extent of $3 per share, in which event . Price Range: 1929—High, 36: Low, holders of Class A shares have the 26: 1928—High, 36%: Low, 32. 2. CLASS B COMMON STOCK Provisions: Dividends are non-cumu- terly thereafter. Extras of 25 cents ative after expiration of each year. were paid June, Sept.,, and Dec. 1, 1929, Voting Power: Sole vote except as Transfer Agent: Company, 534 Bat- stated under Class A. tery St., San Francisco, Wells Fargo Dividends: Initial dividend paid Mar. Bank & Union Trust Co.., San Fran- [. 1929. of 25 cents and continued guar- oisco

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