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 VIII. Industrials

Collection:: Economics Books

THOMSON’S MANUAL 130 CONTINENTAL COAL COMPANY GENERAL OFFICE: Empire State Bldg. Spokane, Wash. BRANCH OFFICE: 1006 Smith Tower, Seattle, Wash. HISTORY: Incorporated under laws of Washington, Oct. ®8, 1911, for the pur- pose of the wholesale distribution of coal in the Pacific Northwest. BUSINESS: Company is exclusive sales agent for cight of the largest producing coal mines in the Northwest and distributors for Sheridan, Kleen Burn, Owl Oreek, Crow's Nest and others. Operates Dale Coal Co., Ravensdale, Wash, a oroducing coal mine. Operates 12,000 acres farm land in eastern Washington, raising sheep, cattle and wheat. SUBSIDIARIES: Hawkeye Fuel Co, Spokane, Wash., retailers; Dale Coal Co. Ravensdale, Wash., a producing company; Spokane Feed & Fuel Co, Spokane, Nash retailers; North Pacific Fuel Co, Seattle, a distribution bunker supplying retailers. MANAGEMENT: Jas. S. Ramage, Pres. and Gen. Mgr.; J. I. Springer, Vice Pres.; Lee Thorpe, Sec’y-Treas. DIRECTORS: Jas. S. Ramage, Lee Thorpe, W. G. Ramage, W. H. Shields, Frank T. McCollough, R. J. Martin, W. S. McCrea, John F. Davies, J. M. Richards. all of Spokane, Wash.; J. I. Springer, Seattle, Wash. GENERAL COUNSEL: Hamblen & Gilbert, Spokane, Wash. GENERAL AUDITORS: J. I. Kinman & Co., Spokane, Wash. Fiscal Year Ends: April 30. Annual Meeting: 2nd Tues. in May. Number of Employees, Including Subsidiaries: About 200. CAPITALIZATION, As of April 30, 1930 Par Value Authorized Qutstanding 1. 7% Cum. Preferred Stock............. $100 $500,000 $115,000 2. Common Stock ....... eereeeee $100 $1,000,000 $515,000 1. 7% CUMULATIVE PREFERRED STOCK Provisions: Preferred as to assets, Dividends: 79% per annum, payable $100 share and dividend at the rate of quarterly, Feb. 1, May 1, Aug. 1 and 1% per annum. Dividends are cumula- Nov. 1. rive. Public Offering by: Chester Harvey, Callable: At any time on 60 days’ Van Court & Co., Inc, Spokane, Wash, notice at $105 and accrued dividends June, 1929, in units of 1 share Pre- up to Apr. 30. 1939. and at $100 there- ferred and 1 share Common. $200 per after. unit. 2. COMMON STOCK Dividends: Since organization in Publie Offering by: Chester Harvey, 1911, the company has paid 89% cash Van Court & Co. Inc. June, 1929, in dividends on Common stock, and from units, 1 share Common and 1 share 1924 to 1929 paid a total of stock divi- Preferred. at $200 per unit. jends of 55%. COMPARATIVE INCOME STATEMENT, Yeprs Ending: April 30 JDUE Gross Earnings .oooomeeeeenenneen 66," 2 $126,162 Other INCOME _.ooiicrecicmimmmceenaaenns = 2 ~%2 36,780 Total Earnings ..ccceoocooeeomeunnees $162,942 Selling and General Expense... 56,758 Net EATrNINES ccecoecceecmmeemmmmmnnaseimmmsesmmnennnsensers “on 106,184 Depreciation, Interest. Taxes. etc. ..ooreern 28.585 Net Profit .oocoeocccomiemnnnn, ce eeeememenamnenaan oz $ 77.599 comm Am my = “LANCE SHEET, A: ASSETS- - 9. . CURSE oooeeeeeeoeeeeeeeee eee eee ee aeammeemnmeemmnecan scene eamnnnanesanee *,745 Bills and Acceptances Receivable... ..... +. 5,654 Accounts Receivable orien ee 138,440 Stock in Subsidiary Co.s =... eee eee 238,760 [Investments ........ emeennan 28.240 Treasury Stock ........... nnn EE .- eeemmennn Land and Buildings. .ccoceocecce icon ioemmeemiaces «+ one 312,306 Farm and other Equipment... ..cociereies 16,006 Patent Rights .... en ———— EEE 10,000 TOTAL ASSETS oii oooeeeeeeeeemneeeneeee=. 51.004.051 LIABILITIES— Notes Payable ........ elena eenneeneeed Accounts Payable ............... nem Real Estate Mortgage. ..oooioon i memmconecenens Reserves ococoeeeeeee ems mmm reeemmormeoenn Preferred Stock ....... FO Common StoCcK .oeomomeeaeeo vt wmnmnnd Surplng and Indiv. Profils. orvencccaaeenes 1928 15,143 130,948 175,980 128.174 126,000 274,199 12.661 2 62.1058 32,786 150,004 73,840 11.428 500,000 95.047 $ 863,105 393,455 3.15:1 *119 TOTAL LIABILITIES .ceeeeccememeemet Net Working Capital... een Ratio, Cur. Assets to Cur. Liabilities _......... Book Value Common shares... rr 1.004,0561 415,459 2.64:1 106 94° neo 4 a *195 22

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