LUMBER AND TIMBER COMPANIES 
COMPARATIVE INCOME STATEMENT, Years Ending Dec. 2 
1928 1927 
1,756,384 1,325,459 
659.9% 968,509 
Gross Sales ........ 
Operating Expense .... 
PA 
1926 
,455,024 
081,725 
Net Earnings . 
Other Intome .. 
Total Income ..... 
Interest, Amortization .. 
Net Profit or Loss............... 
Earned, per share Preferred stock. 
Earned, per share Common stock. 
—Deficit 
COMPARATIVE BALANCE SHEET. 
Ax of 
Dee. 31 
ASSETS— 
Property, Plants, etc. 
Cash... 
Accts. and Notes hee 
Life lnsurance 
Inventories ... 
Deferred Charges 
Other Assets .... 
TOTAL ASSET 
1929 
7.475,122 
85,090 
80.432 
18,735 
100,799 
99,399 
116,528 
CN on 
500 
“ad 
TF 
1927 
227,113 
26,162 
nn 993 
3 
fr assets... .. 
q,° 
LIABILITIE 
Preferred Stock . 
Common Stock ... 
Funded Debt .... 
Notes Payable ......... __ 
Accts. Paymts and Wages 
Taxes Accrued ...... 
Timber Purch. Contract ....... 
Deferred Credits ....._ 
Surplus 
627,000 
2.390,400 
300.000 
75.000 
L01,600 
58,673 
’96,400 
30,37¢ 
496 679 
623.500 
390,400 
300,000 
£0,000 
©1238 
al §/ 
523.500 
390,400 
400.000 
vy 
? 
Ny ” 
q 
1-0 
TOTAL LIABILITIF- 
Net Working Capital ._........ ..._._ 
Ratio Cur. Assets to Cur. Liabilities......_.. 
tr 00 
503,247 
2.131 
zs 40 
4 
TT'NDED DEBT, Ax of Dec. 31, 1929 
First Mortgage Sinking Fund Rate Dated Due Authorized 
Gold Bonds ..... veeeeee © 8-15-29 8-15-37 $1,000,000 
Interest Payable: Feb, and Aug. 15 
at office of trustee. 
Trustee: Continental Illinois Dank 
Trust Co., Chicago, Ill. 
Registerable: As to principal only. 
Denominations: $1,000, $500, $100. 
Callable: On 30 days’ notice at $100 
and accrued interest plus 14 9% for each 
unexpired year or fraction thereof, but 
never less than 1,0, 
Outstanding 
$800,000 
Sinking Fund: An average of $2 per 
M, in advance of cutting timber, de- 
posited with trustee, 
Tax Status: Company pays normal 
Federal Income Tax up to 2%. 
Security: First mortgage on lumber, 
nanufacturing plants, capital stock of 
Newaukum Valley Railroad. all valued 
at $5,601,000. 
Offered by: Daker, Fentress & Co. 
“hicago. 11l., Aug. 1929. at 398.15. 
INTEREST TABLES 
Devores—1 day to 1 year by days, 360 and 365-dav basis, 1 to 69% by 13s. 
61% to 109 by %s. Price $7.00. 
Stouts—1 day to 1 year bv davs, 360 and 365-dav basis, 1 to 10% bv 1s 
Price $7.00. 
Quick—1 day to 1 year by days, 5, 6. 7 and 89% 360-day basis. Price$2.50 
Robinsonian Universal, $7.00. 
Delbridge Wonderful—90 days, $5.00: 180 days, $10.00; 360 days, $20.00 
We stock all standard Interest Tables. 
THOMSON’S BUSINESS BOOK SERVICE 
Qegttle Waeh