_UMBER AND TIMBER COMPANIES 
CO0OS BAY LUMBER COMPANY 
GENERAL OFFICE: Marshfield, Ore. 
EXECUTIVE OFFICE: Balfour Bldg. San Francisco, Calif. 
HISTORY: Incorporated under laws of Delaware, Jan. 20, 1915, as Coos Bay 
Lumber Co. In 1922 name changed to Pacific States Lumber Co., and Feb. 25, 
1928, back to Coos Bay L.umber (Co., at which time company was reorganized by 
Pierce, Fair & Co... San Francisco. 
BUSINESS: Timber lands and lumber manufacturing. 
PROPERTY: Company owns approximately 5,000,000,000 feet of Douglas fir, 
Port Orford cedar and other timber in Coos and Douglas Counties, Oregon. Owns 
and operates 30 miles of railroad, and operates over 28 miles of Scuthern Pacific 
trackage, also owns 25 miles of logging railroad. 
Electrically driven sawmill, daily capacity of 600,000 feet, located at Marsh- 
field, Ore.; electrically driven remanufacturing plant and distributing yard at 
Bay Point, Calif. Ships lumber to foreign markets directly from the mill and 
to Northern and Southern California. 
Company owns a steam vessel with capacity of 1,500,000 feet. 
OFFICERS: H. W. Bunker, Pres.; H. J. Leaf, Vice Pres.; F. IB. Colin, Vice Pres.; 
H. G. Purvis, Sec.-Treas.; C. E. McKinnie, Asst. Sec.-Treas. 
DIRECTORS: H. W. Bunker, H. H. Fair, F. B. Anderson, D. G. Sherwin, William 
Denman, all of San Francisco; A. E. Adelsperger, Marshfield, Ore.; F. 8S. Scrits- 
mier, Portland, Ore. 
GENERAL AUDITORS: Price, Waterhouse & Co. 
Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in Feb 
Number of Employes: About 1,200 in 1929. 
CAPITALIZATION, As of Dec. 31, 1929 
cr Value Authorized Outstanding 
l. 7% Cum. Preferred Stock $100 $4,781,774 $4,781,775 
2. Common Stock _........... 0 Par 63,757 shs 63,757 shs 
NOTE: In 1929, $1,593,925 of Pre crred stock was redeemed, Common stock in- 
creased by $4,462,990. Articles of incorporation amended to reduce number of 
Preferred shares from 73.757 to 47,817, and par value of Common stock from 
$30.00 to no par value. 
1. 7% CUMULATIVE PREFERRED STOCK 
Provisions: Has preference as to as- Dividends: 7% in July, 1928; $15.75 
sets and cumulative 79% dividends. Is- in Oct, 1928, clearing all arrears; 7% 
sued to Pacific States Lumber Co. 1st in 1929, 
89% bondholders on a basis of one Transfer Agent and Registrar: Bank 
share for each $100 par of bonds. of California, N. A.,, San Francisco. 
2. COMMON STOCK 
Dividends: None paid to 1930. No. of Stockholders: 900 
INCOME STATEMENT, Year Ending Dec. 31, 1929 
Profit from Operations... 
[Interest Received ...._. 
eee. 3729.77 
20.886 
2,660 
233.464 
TOTAL INCOME ieee 
[Less Depreciation and Devletion.......ooooeeeo. 
Net Profit from year's operations... 
COMPARATIVE CONSOLIDATED BALANCE SHEFPT, Ax of Dec. 
«29 
(8.397 
-80,842 
32,680 
121.630 
217.196 
ASSEFE 
Customers’ Accounts Receivable... i... 
Sundry Accts. Receivable meena 
Inventories 
928 
332.606 
352,633 
41,970 
«12 263 
Total Current A eeeemememe eens 
Timber and Property sates ContractS.........ooooooooooooeeeeeonn. 
Plants and Timber _.. eee teem een enmnenne. 
Deferred Charges 
i 2 
6 
ENED 
GH Q 
TOTAL ASS¥T 
LIABILITIE 
Notes Payable _. 
Trade Creditors ... 
Accrued Payrolls ... 
Accrued Taxes 
TA QA 0 
28 Q& 
00,000 
56,826 
46,854 
27 QTR 
£000 
242 
HTT 
«1 4QK 
Total Current Liabilities .ooooooooooeeeeee i. 
Preferred Stock .......... SEER PREECE 
Common Stoek ..... eee ememn ee ————me eames 
Surpolus ..... eee eme—ma meee enema eee ream n 
TOTAL LIABILITIES eee 
Net Working Capital 
th 
5 
re 
CR 
J 
xv 778 
7s 
ali 
360 
21.900 
1 
= g