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

216 THOMSON'S MANUAL NORTHWEST CITIES GAS COMPANY GENERAL OFFICE: Walla Walla, Wash. CONTROLLED: By Lone Star Gas Co., Pittsburgh, Pa. HISTORY: Incorporated under laws of Delaware, Nov. 16, 1928. BUSINESS: Furnishes artificial gas to the following cities: Walla Walla and Yakima, Wash.; Astoria, Eugene and Pendleton, Ore, and Lewiston, Idaho. PROPERTY: Properties include gas holders and modern gas manufacturing plants with a daily capacity in excess of 2,200,000 cubic feet. The distribution system includes 201 miles of city mains and 11,401 consumers meters. The cities served have a population estimated in excess of 103,000 CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Outstanding -...No Par 100,000 shs 100,000 shs OFFICERS: H. C. Morris, Pres.; L. B. Denning, F. W. Crawford, T. B. Gregory, Vice Pres.; D. L. Cobb, Secy-Treas.; D. H. Hulcey, Asst. Secy-Treas.; H. G. Cor- natzer, Asst. Treas.; David E. Mitchell, Asst. Secy: T. J. Uhl, Asst. Secy: L. L. Dyer, Compt. DIRECTORS: F. W. Crawford. R. A. Crawford, L. B. Denning, T. B. Gregory, H CC Morris. INCOME STATEMENT, Year Ending Dec. 31, 1929 (As filed with Department of Public Works. Olympia, Wash.) Gross Revenue ............ eer $386,522 Operating EXPENSE .iiieciiimoiaeecccecneicaesneaneanane ~ 318.367 Net Earnings -......ccccoec.... .....d 68,155 Other INCOME .iemimiemeeeieeieaenae eeeeeee 10,147 Total INCOME .usisimsumissssmsssnismss eeeea$ 78,302 Interest, Amortization, etc. cocci eeeemneeenne 129,073 c.8 50.771 Deficit for vear ......... eee eee mam an—maemememmmnemnmrmm—— BALANCE SHEET. As of Dee. 31, 1929 ASSETS LIABILITIES Accounts Payable ooo. $0 20,140 Customers’ Deposits .coeecceeeeeee. 29.076 Total Current Liabilities........§ 49,216 Taxes Accrued .ooooooceiccoomcnaennae 47,600 {nterest Accrued mena... 2,769 Due Affiliated Companies....... 364,288 Depreciation Reserve .c.....ccc...... 623,165 Misc. Reserve o.oo... remmennn 157 First Mortgage Ronds................ 1,275,000 Gold Notes ........ eee eeeee 850,000 Capital Stock _.. ceceeeee. 100,000 Surplus .oceeeeaeeee. Co eemreemas 600.121 TOTAL LIARTITI,"TIES ............$3.912.316 Cash ......... comm ———n— Accounts Receivable Securities ...... Inventories Total Current Assets............$ 183,501 Plants, etc. ..ooeoeeeee.. . .... 3,674,582 Misc. Assets eee... 148,155 TOTAL, ASSETS __.. FIITNDED DEBT, As of Dec. 31, 1929 Rate Dated Due Authorized Outstanding 1. First Mortgage Bonds.......... 6% 1-1-29 1-1-49 Open $1,275,000 2. Gold Notes ...... 6% 1-1-29 2-1-31 $1,000,000 $850,000 i. FIRST MORTGAGE SERIAL GOLD BONDS. 6% Amount Issued: $1,357,500. Interest Payable: Jan. and July 1, at the company’s office, or agency, New York or Chicago. Trustee: Farmers Loan & Trust Co., New York. Registerable: As to principal. Denominations: Coupon, $500 and $1.000, interchangeable. Callable: As a whole or in part at any time on 30 days’ notice at 105 to Jan. 1, 1933, incl.; at 103 to Jan. 1, 1937, incl.; at 102 to Jan, 1, 1942, incl.; at 101 to Jan. 1, 1948, incl.. and at par thereafter. Additional Bonds: Mav be issued uo to 809% of value of physical property additions provided net income for 12 months preceding has been at least 13% times annual interest charges on all bonds outstanding and to be issued. Bonds may also he issued for refund- ing. Tax Status: Company pays normal Federal income tax up to 2% and cer- tain state taxes refunded. Secured: By a first mortgage on all the property. Legal Opinion by: Chapman & Cut- ler. Offered by: P. W. Chapman & Co. eb. 1929 at 9734

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