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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section V. Pulp and paper companies

Collection:: Economics Books

176 THOMSON'S MANUAL in 1928, at a cost of $450,000. In 1928, land and plants ,exclusive of pulp mill, were appraised at $662,332. OFFICERS: Ralph Shaffer, Pres.; Arthur W. Berggren, Vice Pres. & Treas.; R. H. Pangborn, Vice Pres.; E. A. Glueck, Secy. DIRECTORS: Frank T. Beers, Arthur W. Berggren, E. A, Glueck, Paul C. Harp- er, L., J. Hull, R. H. Pangborn, H. Arthur Rust, Ralph Shaffer. GENERAL AUDITORS: Price, Waterhouse & Co. BALANCE SHEET, As of Mar. 31 Par Value Authorized Outstanding 1. 79% Cum. Pref. StocK.....cooomininnns $100 9,000 shs 7.230 shs 2. Common Stock _ ween. --.NO Par 12,000 shs 11,516 shs Earnings: First quarter of 1930, aft- profit of $18,295.36. er depreciation of $11,308.20 and all op- Dividends: None paid since pulp aration and interest. showed a net mill operations started. RATLANCE SHEET, As of Mar. 31 ASSETS— 1930 53,058 142,436 9,989 700 212 482 1929 § 133,850 28,517 6,420 1,900 207.398 378.085 182,164 391,640 111.480 57,969 21.120 CASE eeoeeeeeeeeecsianannamasmammmesarmnesaesmssmsmmssammsscmmemsermoasanan finan mTaosesemssssisaaes Accounts and Notes Receivable .iiiics een eee Life Insurance Sur. Value iii avas eooen Securities ..... imenmmn nnn emeaeeemmmeanesamcoeaer aan [nventories .. heen —————mwiensn mesh dl SER ERR ERR Total Current Assets. ....coimmeanecans I, Sulphur CONSIENIMENT eerie samme aameesse sens onsen omaene PULP PLANE oeieecireciireminnmmmranassmnessnsos cmsesassasssssmesesiossssnenas BOX FQCLOTY coooiccierciocmaamsommmascenamersressacomanaaa ass as amas amas tans an cass snes saan n Real Estate .............. BL BONA DISCOUNT coeieeeeicceeamamceeecmmtnssnrmrtansnsarammennssasnmssmsnrsrannsnnsssaaamsen Irganization EXPENSE ...coooiiceeieocecreecmemssmmmsmistasmsasase car nnsa areas Dither Deferred IteIMS oo iiiiocciriammmmarsear ream asremenananas tan onanenesas Accrued Dividends .... caceccccccccrcimesemmmssouccsrrusseiisssmmmasmannsaanoaiia TOTAL ABSETE .osmimmensrmrmmmnns LIABILITIES— Payroll .cocoecomeciennens ee temaraaaaanaaaeaaemee mmo] Accounts Payable ii eeeeoemsemammeamemeemmsecemeassansenas Trade Acceptances Payable. iiiiinenimmanneansaasanannees Bond Interest ACCIUEA.......cccccoccecimeaccsseremmmasmmraaseorassssmssnmmmaasmssnsmassss Dther Accrued Ttems oo iiimiremnnaenns = . Total Current Liabilities iirc emaec coe aannen Sulphur Consignment ACC. eerie camsnsensaneaeec FUNAEA DDL ooeeeeeeeecaaaeimmcaseaaeseerasesemsmsasamsssnsmmsssanassaasesasmanss 20 Preferred STOCK a ceicaaae miner a scmesssasamasasessezeaemeanesteaasamamzaaas COMNINOTNL SOCK aooeeemiemissaaeaeaaaaensmrmmmsmmeseramsmasasassanannaasnnansaomenss Reserve for Dividends. cccececrrmrmeameasenssanmssasansnaasssssnnasosce Deferred Liahilities _....... eee semen ann mn EHH RA mA mes Surplus .._. rpm einn samen nm rhs MEHR mmm ns ws HR "9,665 21,571 521,260 297,669 54,056 19,230 "6,878 17,283 61.620 1.689.312 21.452.458 22,996 44,281 50,844 10,833 10.540 102.789 YY 143,050 21,577 100,000 723,000 290,270 61,620 4,217 45.878 i.689,312 276,615 2.931 $29.16 3 108.427 100,000 573.800 973,200 "44,897 532.134 $1.452,458 269.658 2.60:1 TOTAL LIABILITIES iiiiiimmareairoeracesmmsnnssssaamanmnmaassnnss Net Working Capital. .ecomrercraacomsssnomrsamnsmnnssnsasssseneneenes Ratio Cur. Assets to Cur. Liabilities oo iriieniimncenriees Pack Value Common Shares nn een SEER FUNDED DEBT, As of Dec. 31, 1929 First Mortzage Serial Rate Dated Due Authorized Outstanding Gold Bonds. Series A _........... 6% % 5-15-28 1930-43 $400.000 $400.000 Interest Pavable: Mav and Nov. 15, it trustee’s office. Principal Payable: On May 15 each vear as follows: 1930, $10.000: 1931 to 1935, incl, $15,000: 1936, $20,000; 1937, £25.000: 1928 and 1939, $30.000: 1940 and jada, $35,000; 1942. $40 000: 1943, $100.- 100. Trustee: National Bank of Tacoma. Registerable: As to principal only. Denominations: Coupon bonds, $500 and $1,000. Callable: On any interest date on 60 lays’ notice at 102. Provisions: No dividend shall be paid which would reduce net current hecots to less than % total mortgage. Fixed assets must be kept at twice to- ral bonds outstanding; no additional Hhonds may be issued wnless b-year sarnings shall average 214 times, and preceding 12 months 3 times annual interest charges, and then not more than 609% of cost of future additions to plant. Security: First mortgage on all the fixed assets. Legal Opinion by: Kerr, McCord & [vey, Seattle, for underwriters; Ww. H. Pratt, Tacoma, for company. Offered by: Wm. P. Harper & Son, Baillargeon, Winslow & Co., and Dean. Witter & Co. May. 1928. at 100.

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