THOMSON'S MANUAL 
Voting Trust: Common stock is de- 
posited under voting trust agreement, 
axtending 10 years, expiring Dec. 1, 
1938. Trust may be extended for such 
time as fixed by Voting Trustees, with 
consent of registered holders of Voting 
Trust Certificates, representing not less 
‘han 609% of Common stock deposited 
1nder the agreement. Trust may be 
:erminated at any time by majority of 
Voting Trustees with written consent 
of holders of Voting Trust Certificates 
representing not less than 51% of Com- 
mon stock deposited. No class of stock 
having preference over Common stock 
represented by Voting Trust Certifi- 
cates may be created without written 
consent of at least 519% of Voting Trust 
Certificates then outstanding. 
Voting Trustees: T. H. Banfield, E. 
2, Sammons, W. H. Gray, T. Henry 
Boyd, Mansel P. Griffiths. 
Dividends: Beginning June 1, 1929, 
25¢ a share paid quarterly, Mar. June, 
Sept.,, and Dec. 1; extra 50c a share 
naid Mar. 1, 1930; stock dividend of 
$635.5637 paid Nov. 20, 1928 
Ex-Dividend Date: 15th of month 
prior to paying date. 
Transfer Agents and Registrars: For 
stock and Voting Trust Certificates, 
3ank of California, San Francisco; 
Nells Fargo Bank & Union Trust Co., 
jan Francisco; Illinois Merchants Trust 
Jo., Chicago; First Trust & Savings 
3ank, Chicago. 
Legal Opinion by: Carey & Kerr, 
ortland, Ore., for the company; Mec- 
lamant & Thompson, Portland, Ore, 
‘or the underwriters. 
Public Offering: By Blyth & Co, 
2ortland, Ore., (100,000 shares pur- 
‘hased from individuals, not involving 
1ew financing by the company) Nov, 
928, at $21.00 per share. 
Number of Stockholders: Dec. 31, 
1929, 2,100. 
Listed on: Chicago Stock Exchange, 
New York Curb. 
Price Range: 1929: High, 38; low, 
21. 1928: High, 26; low, 221. 
Funded Debt: None. 
EARNINGS, Years Ending Dec. 31 
Depreciation Taxes 
40,428 $83,000 
35,6. 1 70,785 
31,450 58,756 
amma 27,682 
Co 10.210 
Year 
192E 
5894,375 
625,024 
76,824 
70,783 
60.840 
Net Per Share 
$770,947 3.85 
518,418 2.59 
375,638 1.88 
143,101 71 
50.630 25 
COMPARATIVE INCOME STATEMENT, Years Ending Dee. 31 
1929 1928 
,091,521 $1,947,386 
4,306,847 774,952 
908,235 328.271 
1927 
$1,321,295 
535.543 
330.566 
5186 
1.034 
66,220 
9.396 
224 
230 
a'nre 
Net Sales ...... 
Selling Cost coco... © Up 
Operating Expense and State Taxes........ 
Net Earnings ......... 
Other Income ...... 
Total Income ......ooiiemieeeccameecanaee 
Interest and Miscellaneous Charges....... 
Net Income ... 
Depreciation o.oo 
Ted. Income and State FRixcise Maxes.... 
Net Profit ............ 
Common Dividends ........o.ccoeeeeeee. 
Transferred to Capital Stock........ _ 
. Surplus for the year... s 375,638 
Earned. per share Common stock....... 1.88 
*Note: To comply with Illinois law, requiring at least $5.00 per share book 
value behind no par Common stock, aside from surplus, $200,000 was carried to 
capital stock account. which otherwise would have gone to surplus available for 
lividends. 
5 638 
= 
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