THOMSON'S MANUAL
OWEN-OREGON LUMBER COMPANY
GENERAL OFFICE: Medford, Ore.
HISTORY: Incorporated under laws of Oregon, 1924. Organized to consolidate
and operate timber land in Jackson County, Oregon, which the John S. Owen
Company of Eau Claire, Wisc, had been selecting and assembling since 1913.
BUSINESS: Owns about 1,100,000,000 feet of timber and operates a logging
railroad, logging camps, sawmill with a capacity of 60.000.000 feet. planing mill,
20 dry kilns, machine shops, etc.
SUBSIDIARIES: Medford Logging Railroad Company.
. FUNDED DEBT, As of Dec. 31, 1929
First Mortgage Serial Rate Dated Matures Authorized Outstanding
Sinking Fund Gold Bonds 5% % 11-16-25 1928-40 $3,500,000 $1,800,000
Interest Payable: May and Nov. 16 interest payment date at par and acit
First Iowa State Trust Co., Burling- crued interest.
:on, Ia., or Continental Illinois Trust Sinking Fund: Payments to be made
Yo., Chicago. is trustee as timber is cut to total $3,-Principal
Payable: On Nov. 16, each 0,000.
sear as follows: $100,000, 1928 to 1932, Tax Status: Company pays 2% Fednel;
$150,000, 1933 to 1935; $200,000, eral income tax.
936 to 1939; $250,000, 1940. Security: First mortgage on timber,
. . land, railroad and mill properties. To-Trustee:
Calvin Fentress, Chicago, tal value, $5,595,829.
and First Iowa State Trust & Savings ’ AR
> : : Other Details: Of $3,500,000 authorlank,
Burlington, Ia. .
. . ized, only $2,000,000 issued. Balance %
Registerable: Coupon bonds regis- for any corporate purpose and 1% to
erable as to principal. pay l% cost of additional timber.
Denominations: $1,000, $500, $100. Offered by: Baker, Fentress & Co,
Callable: On 30 davs' notice on anv Chicago. Nov.. 1925.
PACIFIC SPRUCE CORPORATION
GENERAL OFFICE: Toledo, Ore.
HISTORY: Incorporated under laws of Delaware, Nov. 10, 1920, to purchase from
the United States Spruce Production Corp. (a governmental agency). certain of its
assets. Began operations in 1922.
BUSINESS: Company said to be largest producer of spruce lumber in U.S.
PROPERTY, PLANTS, EQUIPMENT, ETC.: Northern properties consist of 17,545
acres, owned in fee and 872 acres of long timber rights, cruising 994,854,000 feet.
Southern properties include 12,759 acres, cruising 701, 815,000 feet, all rights,
title and interest held under contract of purchase with the TU. S. Spruce Producion
Corp.
Company also owns 33% miles of standard gauge logging railroad and
logging equipment sufficient for 5 complete camps.
Plant located at Toledo, Oregon—annual capacity of 75.000,000 ft. running
83-hour shift per day.
SUBSIDIARIES: Company controls the Manary Logging Co. the Pacific Spruce
Northern Ry. Co. and C. D. Johnson Co. (the last being a sales organization).
MANAGEMENT: H. B. Hewes, Chr. Bd.; C. D. Johnson, Pres.; Dean Johnson,
Vice-Pres. & Gen. Mgr.; E. E. Johnson, Sec.-Treas.: R. S. Trimbull, Asst. Sec.:
J. F. Markham, Asst. Sec.-Treas.
DIRECTORS: HH. B. Hewes and C. D. Johnson, Portland, Ore.; Nathan Paine,
Dshkosh, Wis.; C. R. Lyon, Decatur, 11l.; Dean Johnson, E. J. Kock, E. E. Johnson.
E. W. Paine, J. W. McWilliams, all of Portland, Ore.
Fiseal Year Ends: Dec. 31. Annual Meeting: 2nd Wed. in June.
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized Outstanding
1. 7%Cumulative Preferred Stock... $100 $4,000,000 $3,019,400
2. Common Stock .... ceeeeeee. No Par 1.000.000 Shs. 486.090 Shs.
INCOME STATEMENT, Year Ending Dee, 21. 1029
NOt SALES oomeoememeemeeooemoeamrresameensemeanmameanes somes
Coste and Operating EXDENSes ..o..ccameecaeees
....-$2,674,032
aa, 2 RQ2 E28
80,504
29,995
aR 773
TOtAl TICOIMNE cooieeeoeeeememaeomcmacamsonmmeas = immcossssmmmssssis sxissssssooos eae $ 207.236
ViSCE11ANEOUS TEXDEIISE ooooooooeoceicocaamomemaeoasamssirsas am ormomamsoosiasirassomsssoosainsisioas nesses 9.885
CS ® 197.351
Operating Income (lumber)... eens
Miscellaneous Operating Income ieee
Dther Income eam eee t=Neat
Tnecome
