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.
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