Thomson's manual of Pacific Northwest finance

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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

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VI. Public utilities

Collection:: Economics Books

PUBLIC UTILITIES 20% MONTANA-DAKOTA POWER COMPANY GENERAL OFFICE: 831 Second Ave. South, Minneapolis. Minn. CONTROL: By Minnesota Northern Power Co. HISTORY: Incorporated under laws of Delaware, June 1, 1925, as Eastern Mon- tana Utilities Co. Name changed to present title in January, 1926. Present com- pany is consolidation of large number of local companies operating in eastern Montana and western North Dakota. BUSINESS: Company supplies electric light and power in 91 towns through a completely interconnected system of high tension transmission and distributing lines. Natural gas is supplied to Miles City, Ismay, Terry and Glendive in Mon- tana, and Marmarth, North Dakota. Manufactured gas supplied to Bismarck, Mandan and Valley City, North Dakota, through the properties of a subsidiary, the Consolidated Utilities Co., operated under lease. Steam heat retailed at Glendive and Miles City. Company now serves 16,500 electric customers and upon completion of gas construction now under way will serve approximately 6,000 gas customers. PROPERTY & PLANTS: Company has four steam generating stations having a capacity of 16,500 h.p. Two plants use natural gas from company's own system for fuel. A new gas-fired steam generating station is now under construction at Williston, North Dakota. A 1,250 h.p. natural gas engine driven generating plant is operated at Baker, Montana. This plant also compresses gas for pipe lines of Black Hills Utilities Co. (an associated company). In addition to electric properties, company owns 162 miles of natural gas trunk lines. Company is con- structing a 12-inch gas trunk line extending from Glendive, Montana to Willis- ton, North Dakota, together with distribution systems at Williston and inter- mediate towns. SUBSIDIARIES: Consolidated Utilities Co.,, Bismarck, N. D. (leased). OFFICERS: C. C. Yawkey, Pres.; Ben Alexander, Vice Pres., Wausau Wisc.; R. M. Heskett, Vice Pres.,, Treas. and Gen. Mgr., Minneapolis, Minn.; A. P. Woodson, Sec'y, Wausau, Wisc.; F. R. Gamble, Asst. Treas.-Asst. Sec'y, Minneapolis, Minn. DIRECTORS: CC. C. Yawkey, Ben Alexander, Jud Alexander, A. P. Woodson, H. L. Geiese, Wausau, Wisc.; R. M. Heskett, Minneapolis, Minn. Fisenl Year Ends: Dec. 31. Annual Meeting: 1st Tues. in Feb CAPITALIZATI( ", As of Dec. 31, 1929 "alue Authorized Lo $1,000,000 100 $4,000,000 Par (0.000 shs L. 2. 3. 7% Cum. Preferred Stock.. 69% Cum. Preferred Stock.......... Common Stock ..... Outstanding $1,000,000 $593,200 274.310 shs np; «8S Provisions: 79% and 69% Prefer:ed have preference as to assets and cumu- lative dividends over Common. Callable: Both 79% and 69% Preferred subject to call on any dividend date at $105. Voting Pewer: Common stock has sole voting power. Dividends: Preferred dividends reg- ularly paid quarterly, Jan., Apr., July INCOME ACCOUNT, Years Ending Dee. 31 OF STOCK and Oct. 1. On Common, 5¢ per share per quarter until Jan. 1, 1929, when the rate was increased to 7%c¢ per quar- ter. (These figures are based on shares after 10 to 1 splitup which was made in February, 1929.) Transfer Agent and Registrar: Min- nesota loan & Trust Co., Minneapolis. Minn, a9%0 "6,467 10,708 KE Ef OX (Oct. 31) 1927 902,094 197.838 Operating Revenues Operating Expenses ... Rental for Leased Propert Net Earnings .. Deductions: Interest on Funded Debt Misc. Interest (net) ......... Amortization of Bond Discoun Total Deductions ................__ set Before Deprec. & Fed. Tax... 56 NN Y For Current Information on OREGON SECIT'RYTIES Read CHAPMAN'S WEEKLY C. C. Chapman, Publisher . F. H. Young. Editor 202 Guarantv Bldg. Portland Ore

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