THOMSON'S MANUAL
PENINSULA LUMBER COMPANY
GENERAL OFFICE: Portland. Oregon.
FIRST MORTGAGE 6%% SERIAL GOLD BONDS
Dated: Oct. 1, 1923. Due: Serially Amt. Authorized . eeeneeenaaa-3400,000
April 1, 1924, to Oct. 1, 1929... Now in Amt. Retired .. $£250.000
jefault as to principal and interest _
since October 1, 1928. - Amt. Outstanding Dec. 31, 1929..§150,000
Trustee: Security Savings & Trust Note: In default as to principal and
Jo.. Portland, Ore. interest since Oct. 1, 1928.
PORT ORFORD CEDAR PRODUCTS COMPANY
GENERAL OFFICE: Marshfield, Ore.
HISTORY: Incorporated under laws of Delaware, July, 1928, as a consolidation
of Western White Cedar Company, Coos Veneer & Box Company and Pacific
Veneer Company, all of Marshfield, Ore. and to acquire extensive stands of Port
Orford cedar timber available to manufacturing plants.
PROPERTY: Holdings of the company total over 33,360 acres largely owned in
fee simple, located in Coos, Curry and Douglas Counties, Oregon. Lands carry,
according to estimates, 214,269,000 feet of Port Orford cedar (all owned in fee
except 19,360,700 feet of timber rights) and in excess of 920,000,000 feet of other
timber, largely Douglas fir (all owned in fee except 86.088.500 feet of timber
rights).
At Millington near Marshfield, is located company’s sawmill, capacity 20,000,-
000 feet annually; at Marshfield two veneer and battery separator plants using
approximately 12,000,000 feet annually. Marshfield and Millington are located
on Coos Bay, a deep water port; cargo shipments loaded directly aboard vessels.
Plants also served by Southern Pacific Ry.
The company has contracts with other operators in the Coos Bay district for
Julivary Port Orford cedar logs. These contracts cover an estimated 137,200,000
eet.
OFFICERS: C. E. Dant, Chr. of Bd.; A. E. Adelsperger. Pres.; J. D. Goss, Secy.:
Claude Nasburg, Treas.
GENERAL AUDITORS: Haskin & Sells.
Fiseal Year Ends: Dec. 31. Annual Meeting: 1st Mon. in Feb.
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized Outstanding
1. 7% Cum. Pref. Stock.ooooooe- cecccececceee.. $100 $1,000,000 None
2. Common Stock .... eee. $100 $7.000.000 $6.178.683
FUNDED DEBT, As of Dec. 31, 1929
First Mortgage Sinkinz Fund Rate Dated Pue Authorized . Outstanding
Gold Bonds ...... eee 69% 2-1-29 2-11-39 $3.500.000 $2,400,000
To be used to retire bonds bv purchase
or call.
Security: First direct mortgage on
all timber, railroads and plants of the
company. So long as any bonds are
outstanding, company shall not pay
dividends which would reduce current
1ssets below 3 times all current liabili-
fies.
Legal Opinion by: A. C. Shaw, Port-
and, Ore., and Henry Fitts, Chicago.
Purpose: Issued to complete pay-
ment of timber acquired, to retire cur-
rent indebtedness and for additional
working capital.
Offered by: Baker, Fentress & Co.
and Continental Illinois Co... Chicago.
March. 1929. at 9815,
Interest Payable: Feb. and Aug. 1 at
Anglo & London-Paris National Bank,
san Francisco, or office of trustee.
Trustee: Continental Illinois Bank
% Trust Co., Chicago.
Registerable: As to principal.
Denominations: Coupon. $100. $500
and $1,000.
Callable: As a whole or in part on
30 days’ notice on any interest date at
par plus 14% for each unexpired year
or part thereof, but not to exceed 102.
Sinking Fund: Payment of $18.00
per 1,000 feet of Port Orford cedar and
$1.00 on Douglas fir to trustee in-ad-
vance of cutting of mortgaged timber.
ROGUE RIVER LUMBER COMPANY
GENERAL OFFICE: Portland, Oregon. .
HISTORY: Incorporated under laws of New York, in 1907.
BUSINESS: Acquiring and holding timber for investment.
PROPERTY: 45,000 acres of land estimated to carry 1,589,503,000 feet of timber.
Dne-quarter in Sugar and Yellow Pine and three-quarters Fir, located in Rogue
River and Butte Creek water sheds, in Jackson County. Oregon. 20 miles east of
Medford, valued in 1927 at $3,066,851.
MANAGEMENT: Nelson P. Wheeler, Jr.,, Pres., Endeavor, Pa.; W. A. Dusenberry,
Portville, N. Y.; Egbert W. Mersereau, R. W. Mersereau, E. L. Mersereau, L. R.
Wheeler, Portland, Ore.; W. M. Wheeler, San Francisco, Calif.; Chas. R. Orr.
DIRECTORS: Estate of M. H. Quick, Manistique. Mich.. stockholders
