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

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VIII. Industrials

Collection:: Economics Books

INDUSTRIALS FOSTER AND KLEISER COMPANY GENERAL OFFICE: 1675 Eddy St. San Francisco, Calif. BRANCH OFFICES: Portland, Medford, Ore.; Seattle and Tacoma, Wash: Los Angeles, Oakland, San Diego, Long Beach, Sacramento and Fresno, Calif.; New York City. HISTORY: Incorporated under laws of Nevada, Feb. 8, 1916, to succeed Foster & Kleiser, Inc., established in Seattle Jan. 1, 1902, and Foster & Kleiser Co. of California, established March 18, 1915. BUSINESS: Engaged in the outdoor advertising business. PROPERTY: Owns and operates modern outdoor advertising plants and facili- ties in more than 600 cities and towns in the states of Oregon, Washington, Cali- fornia and Arizona. OFFICERS: Geo. W. Kleiser, Pres.; W. F. Foster, Vice Pres.; Sec. and Gen. Mgr.; Albert Mortenson, Treas. DIRECTORS: G. W. Kleiser, W. F. Foster, A. F. Lausen, J. GENERAL AUDITORS: McLaren, Goode & Co. Fiscal Year Ends: March 31. Annual Meeting: 1st Mon. iu Number of Employees: 1,060. CAPITALIZATION, As of March 31, 1930 Par Value Authorized Outstanding Pref. 7% Cum. S 100 $2,000,000 $1,429,600 Common Stock ... $10 $8,000,000 $6,085,750 On Dec. 31, 1929, 1,000 sreres cf Preferred stock were redeemed and on Mar. 30. 1930, company held for redemption $170,400. l. PREFERRED 7% CUMULATIVE STOCK Provisions: No bonds, debentures or unsecured notes maturing more than siX months may be issued, nor any prior or equal Preferred stock be au- thorized, nor may any additional mort- gage indebtedness, except purchase price mortgages, be placed on property without the written consent of holders of at least 75% of Preferred stock out- standing. Preferred stock has prefer- ence to assets as well as dividends and company must maintain net tangible assets of not less than 225% and net current assets of not less than 150% of the par value of the Preferred stock putstanding. chase of Preferred stock in the open market, or to its redemption by lot; after 1925 the company will devote the entire 5% to the purchase or call of Preferred stock. Voting Power: No vote except in the vent of default in the payment of a quarterly dividend or in default of any other provision, when it assumes equal voting power with the Common. Dividends: 79% per annum paid quar- ‘erly, Jan., Apr.,, July and Oct. 1 since issued. . Transfer Agent: Wells, Fargo Bank & Union Trust Co. San Francisco. Registrar: American Trust Co. San Francisco. Public Offering by: L. B. Manning & Co., Seattle; G. E. Miller & Co., Port- land; A. E. Lewis & Co. Los Angeles, and Shingle, Brown & Co., San Fran- cisco, Feb. 1920, at 100. Traded on: San Francisco Curb Ex- change. drive Pom 230 1929 1928 “gh 89 100 105 LOW ..... ee TTY 751% 96 * To Callable: At 110 and accrued divi- dends on any dividend date. Entire is- sue must be redeemed on or before Feb. 1. 1940 Sinking Fund: As a sinking fund, company agrees to expend for better- ments and extensions each year be- tween 1920 and 1925, a sum equal to 5% of the total amount of Preferred stock theretofore at any time outstanding, or devote the difference between the sum 80 expended and 59, to the pure >» COMMON STOCK Nov. 15, since Aug. 15, 1925. Ex-Dividend Date: Feb, May, Aug. and Nov. 1. Transfer Agent: Foster & Kleiser Co., San Francisco. Registrar: Wells, Fargo Bank and Union Trust Co. San Francisco. Listed on: San Francisco and Los Angeles Stock Exchanges, and traded >n New York Curb. Price Range: *1930 1929 1928 1927 1926 High ........ 7% 131% 19 14 131% DOW aan 7 i 113% 13% 11 To Mav 21 Details: Prior to Oct. 31, 1923, the authorized Common stock consisted of 40,000 shares, par value $100, or $4,000.- 000, of which $3,164,500 was issued and outstanding. On the above date the par value was reduced to $10 per share and a 509% stock dividend was declared with the result that the stockholders received 15 shares (Par Value $10.00) for each share ($100.00 Par Value) held. At the same time authorized Dommon stock was increased to $8.- Dividends: $1 per share per annum paid quarterlv. Feb., Mav, Aug. and

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