Thomson's manual of Pacific Northwest finance

Bibliographic data

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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VI. Public utilities

Collection:: Economics Books

PUBLIC UTILITIC3 the Pacific Coast, with approximately 100 ports of call, ranging from Nome, Alaska, to San Diego, Calif, including ports of British Columbia, Oregon and Washington. Company is popularly known as the Admiral Line due to its prac- tice of naming its vessels after admirals of U. 8S. Navy. PROPERTY: Company owns 23 passenger and freight vessels for a total of 75,939 gross tons. Operates wharves at Seattle, Tacoma, Portland, San Francisco, Oakland, Wilmington, San Diego and Juneau, Alaska. SUBSIDIARIES: Pacific Steamship Terminal Co., Pacific Motorship Co. OFFICERS: H. F. Alexander, Pres.; R. Stanley Dollar, Vice Pres.: Herbert Fleishhacker, Vice Pres.; E. A. Stuart, Vice Pres.; A. F. Haines, Vice Pres.; E. H. Hall, Treas.; J. H. Cooper, Sec'y. DIRECTORS: H. F. Alexander, M. A. Arnold, W. A. Brown, R. P. Butchart, Rob- ert Dollar, R. Stanley Dollar, Harry H. Fair, Herbert Fleischhacker, Mortimer Fleischhacker, Francis G. Frink, A. F. Haines, D. C. Jackling, E. A. Stuart, David Whitcomb. Fiseal Year Ends: Dec. 31. Annual Meeting: March. CAPITALIZATION, As of Dec. 31, 1929 Par Value Authorized Preferred Stock......... .......... $100 50,000 shs Stock .... sanseessnss iO PAT 50,000 shs i. 7% CUMULATIVE PARTICIPATING PREFERRED STOCK Provisions: (1) Has preference as to Participation: If in any year, junior 7% cumulative dividends and as to as- stocks receive 79% dividends, further sets in event of liquidation. (2) No dividends must be distributed equally cash dividends shall be paid on any between Preferred and junior securi- junior security to this Preferred stock ties until Preferred receives an aggre- unless all conditions of the company’s gate of $10 per share. first mortgage deed of trust has been Callable: At 110 and accrued divi- fully complied with, all dividends on lends. this Preferred stock paid in full and Voting Power: Non-voting unless the next two (2) ensuing quarterly the company shall fail to declare and Preferred stock dividends have been say four successive dividends. set aside. (3) Company shall incur no Dividends: 79% paid quarterly, Feb., indebtedness other than current bank May, Aug., Nov. 1, from May 1, 1925, to loans and present first mortgage or Nov. 1, 1929. Dividend of Feb. 1, 1930, create any senior or equal securities was passed. without written consent of two-thirds Transfer Agent: First Seattle Dex- outstanding Preferred shares. (4) No ter Horton National Bank, Seattle. additional Preferred shares may be is- Legal Opinion by: Grosscup, Morrow. sued unless net earnings equal or ex- Publie Offering by: Peirce, Fair & ceed twice annual dividend require- Co., and Geo. H. Burr, Conrad & Broom, ments of shares outstanding. Feb. 10. 1925, at 92.50. COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 ‘a9g Operating Revenue ...............cooo.oooo.... Operating Expense and Taxes... ........ Net Earnings .. Other Income ..... Total Income Interest ...ooooeeeeeoe. Depreciation, etc. ...... Net Income ..._.............. Preferred Dividends ......... ....._............. Surplus for the vear.. “Deficit 5% =388 HY CON Teg” ASSET TIVE CONSOLIDATED RALANCE SHEET, As of Dec. 31 1929 302,436 260,801 142,784 17,500 2792 228 Cash eee mete ema a en——————- Accounts Receivable _..__....._.. FHSS PAS men nee Claims Against Underwriters..." Called Bonds due Jan. 1, next vear.. EEE me Materials and Suobplies Total Current ASSets ooo 995,759 Reserve for Bond Interest and Prin... ............... 31,618 Stocks and Bonds....................... eee emt ee eee meneame 6.834 Investment in Subsidiaries... EE gs Sm wpm pnnmnenncen 0S UI RT Property FOR RUUUUPRIIURURIRRN | 3° J 1. Deferred Charges ... ee eeeteeeeaeentammemeeomeeeevaaeeannn. 601.565 TOTAL ASSETS ........ wc ff “R591 1928 106,404 358,957 126,250 33.000 272.858 ‘9 4 »0 772 1,462 480.940 12 801 297

Access restriction

Copyright

fullscreen: Thomson's manual of Pacific Northwest finance

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation