"NDUSTRIALS
«Q
INCOME STATEMENT, Year Ending April 30, 1920
Oil Sales occ... ceeeeeen $218,660
Production Costs ..... veeeeee 90,754
Overhead Expense ..... wenn wus SBTT
Net Earnings ....
Other Income ....
%9
,600
Total Income ......
Common Dividends .......
Surplus for the year... emer ana ea——nn
Earned, per share Common stock.............. eemeee—m———eaaaae
COMPARATIVE CONSOLIDATED BALANCE SHEET, As ¢f
ASSETS Apr. 30,1930 Jv
21,815
7.800
17,901
3.790
4
Cash ........ . HERE mans
Field Accounts _... .. _. ERE P nA mmm SAAS ASR Hn rar
Accounts and Notes Receivable... © eemmes emeemaanas
Oil Inventory .. eee
vy 21,1929
55,509
=
I PE
Total CUTTent ASSES... iii eee eee
Stockholders’ Notes Receivable... SENSEI smfymnvanensnsasenasnson
Trustee Account .... tmceeeteeteenenn—————
Stocks of other COMPANIES. ....ooiuiuoeeeeeeeeeeeeeeeeeeeee
Production Wells and Equipment .........o..oooonomeeo
Lands, Leases, Royalties... o.oo
Operating Leases ... RR R——————————
Roadway ................ mrs se ARE in A ——————————(————
Deferred ASSeUS ooo iii eee eee
TOTAL ASSETS ..........
21.506
2,101
05.348
26,340
88,698
(8,905
52,100
10.631
5,955
15,550
3 539.486
"2,960
807
100
W031
555
+621
823
LIABILITIES —
Accounts and Notes Payable...
Bank Note ................._. rememeeneenennanans
Accrued Liabilities .. eee eee
18,629
0,000
»5,300
“a
Total Current Liabilities _...._.
Deferred Liabilities .....
Due Stockholders
Capital Stock ........
Surplus Paid In........
Surplus Earned ......
TOTAL LIARILITIES
a
5
1
L176
“00
,e 00
7 R61
529 486
494.»
9
FORREST E. GILMORE COMPANY
GENERAL OFFICE: Public Service Bldg., Portland, Ore.
HISTORY: Incorporated under laws of Delaware, Dec. 31, 1925, taking over pat-
ents and business of Forrest E. Gilmore Co. of California.
BUSINESS: Engaged in the manufacture of natural gasoline or casinghead gas-
oline, from natural gas, stabilizing and preparing it for commercial use.
PRODUCTION: In 1929 company manufactured 22,924,298 gallons of gasoline and
sold 5,473,754,000 cu. ft. of dry gas.
PROPERTY: Company's properties, located in Oklahoma and Texas, include 13
extraction plants and leases on gas reserves on approximately 12,000 acres.
In 1929, company acquired four plants from the Cushing Oil & Refining Co.,
at Blackwell, Cushing, St. Louis and Little River, Okla.. for $1,000,000 cash and
$250,000 Preferred stock. .
SUBSIDIARIES: Company owns all Common stock of Forrest E. Gilmore Co. of
Texas, with plants at Mineral Wells and Pampa, Texas, estimated gross value,
in 1929, including gas reserves. of $10.642.754. Company owns 75% of stock of
Allen Gasoline Co.
OFFICERS: Hilmar Papst, Chr. of Bd.; Chester A. Sheppard, Pres.: E. L. Hall,
Exec. Vice Pres.; E. D. Ulrich, Vice Pres.; Seth L. Roberts. Sec’'v-Treas.; C. B.
Cann, Asst. Sec'y; R. J. Hagan, Asst. Treas.
DIRECTORS: Chester A. Sheppard, Attorney, Portland, Ore.; Hilmar Papst, Vice
Pres. & Gen Mgr. Portland Gas & Coke Co.; E. L. Hall, Gen. Supt. Portland Gas
& Coke Co.: Oscar J. Closset, Gen. Insurance, Portland, Ore.;: E. D. Ulrich, Los
Angeles, Calif.;: L. B. Menefee, Pres. L. B. Menefee Lumber Co.; C. B. Bradford,
Bradford, Kimball & Co., San Francisco, Calif.; Anthony Brandenthaler, Vice
Pres. Federal Securities Co., Portland. Ore.: Seth L. Roberts. Certified Public Ac-
countant, Portland, Ore.
GENERAL COUNSEL: McCamant & Thompson, Portland, Ore
GENERAL AUDITORS: Haskins & Sells, Portland, Ore.
Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Thurs. in Feb
Number of Emplovees: 150
