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 VIII. Industrials

Collection:: Economics Books

384 THOMSON'S MANUAL SHERMAN, CLAY & COMPANY GENERAL OFFICE: San Francisco. BRANCHES: Seattle, Tacoma, Spokane, Portland. HISTORY: Incorporated under laws of California in 1892 to take over the busi- ness originally formed in 1870. In January, 1928, 5 music stores of Wiley B. Allen, in northern California, were acquired. BUSINESS: Does a wholesale and retail musical merchandise business, handling such products as Victrolas, pianos, phonograph records, small instruments, sheet music, etc. Does extensive mail order business in all western states, Hawaii, Alaska and the Orient. PROPERTY: Owns and operates 32 stores throughout the Pacific Coast states, including stores in Oakland, San Francisco, Los Angeles, Sacramento, Stockton, Tresno, San Jose, Seattle, Portland, Tacoma, Spokane and Bakersfield. OFFICERS: P. T. Clay, Pres.;: F. R. Sherman. Vice Pres.; F. W. Stephenson, Sec’y.; G. W. Bates, Treas. DIRECTORS: P. T. Clay, F. R. Sherman, F. W. Stephenson, G. W. Bates, R. E. Robinson, E. P. Little, R. C. F. Ahlf, H. H. Fair. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Tues. after 3rd Mon. in Jan. CAPITALIZATION, As of May 1, 1930 Par Value Authorized Outstanding 7% Cum. Prior Preferred Stock...... $100 $3,000,000 $2,274,900 6% Non-Cum. Preferred Stock...... $100 $2,000,000 $1,739,000 Common Stock avneaenee $100 $1,500,000 $1,500,000 Stockholders March 27, 1930, voted a proposal of the board of directors to reduce Common stock from $2,000,000, divided into 20,000 shares of $100 par value, to $1,500,000, represented by 15,000 shares of $100 par value, and to provide that lividends on the 7% Prior Preferred and the Preferred stock may be paid from any assets of the corporation available for dividends. L. 2. 3. il. 7% CUMULATIVE PRIOR PREFERRED STOCK Provisions: Preferred as to assets and 7% cumulative dividends over all nther stock. 105. All stock so purchased to be can- relled. If no stock is available at or selow this figure, the unexpended bal- ance is to revert to the company on ‘he next annual sinking fund payment late. Tax Status: Company pays 2% Fed- :ral tax and Calif. personal property ‘ax. Dividends: 79% per annum, payable juarterly, Jan., Apr. July, Oct. 15, naid regularly to Jan. 1, 1930. Ex-Dividend Date: Last day of pre- eding month. : Transfer Agent: Crocker First Na- ional Bank, San Francisco. Registrar: Bank of California, N. A,, jan Francisco. Public Offering by: Crocker Nation- al Bank and Cyrus Pierce & Co. San Francisco, May, 1923, at 99. Listed on: San Francisco Stock Ex- change. Price Range: #1930 1929 1928 High .cccoeeeeeeceeannn 64 103 991, LOW eooeieceaneeenneean 42% 80 92 *To June 30. 2, 6% NON-CUMULATIVE PREFERRED STOCK Provisions: Second preference as to paid 1926; 6% paid 1927; none there- assets and dividends. after to Jan., 1930. Dividends: Pavable monthlv. None Unless upon consent .of the holders of at least 75% of the outstanding Prior Preferred stock, the company may not: (a) Issue any stock having priority over or parity with this issue. (b) Create any lien upon its real property, other than purchase money mortgages on property subsequently acquired. (c) Pledge any of its personal property. (d) Make or execute any notes, deben- tures or bonds maturing more than 1 year beyond their date, other than notes given for purchase of merchan- 16 3. COMMON STOCK 149% was paid; none thereafter to Jan. 1920 Dividends: 1921, 69% cash and 100% stock; 1922 to 1924, incl, 6% per an- nim: none thereafter to 1927. when

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