THOMSON'S MANUAL 
CAPITAL CHRONOLOGY 
Par 
Date Authorized Com. Stock Value 
Jan. 24, 1910—Original... . ._........ 100 shs........$100 
Feb. 13, 1917—Increased * .......c.ccccceeee. 1,000 shs....... 100 
Mar. 4, 1920—Increased weeeeererreer eee 250 shs........ 100 25,000............8% 
Feb. 3, 197 —Increased — .. 1,750 shs........ 100 75,000............8% 
July 5, 1! acreased  ooceeeeeceeeeeeee. 2,500 shs........ 100 250,000............8% 
Dect. 23, ncreased occeceeeee. o.oo. 3,000 shs........ 100 500,000............8% 
Sept. @ ncreased ceeernenn 150,000 shs........ 100 1,500,000............7T% 
Det. 22, — increased rceaeeenemeeneeene--100,000 shs No Par 1,500,000............7% 
On Oct. 10, 1928, the old 89% Preferred stock was retired at 105. Holders were 
riven right to exchange for new 79% Preferred on share for share basis. 
Provisions: Has preference as to as- 
sets and dividends. In liquidation, en- 
titled to par and accrued dividends. 
Consent of majority outstanding Pre- 
ferred required to create any funded 
jebt (except purchase money mort- 
gage) or any stock ranking prior or on 
parity with this issue. No additional 
Preferred may be issued unless average 
net earnings for two fiscal years pre- 
ceding equal twice dividend require- 
ments on Preferred outstanding and 
to be issued. 
Callable: At $105 on 30 days’ notice. 
Voting Power: One vote per share 
snlv when 4 consecutive quarterly di- 
i. 7% CUMULATIVE PREFERRED STOCK 
vidends are unpaid, and then until aec- 
crued dividends are paid. 
Dividends: $8.00 per annum paid on 
>ld Preferred from July 1, 1920, to Oct. 
I, 1925; $7.00 per annum paid quarter- 
ly (Mar., June, Sept., Dec. 1) on new 
Preferred since Dec. 1, 1925. 
Transfer Agent: The Company. 
Registrar: Bank of California, San 
francisco, Calif. 
Legal Opinion by: G. G. Smith, Port- 
land, Ore. 
Publie Offering by: The company, 
Sept., 1925, at par. 
Number of Stockholders: Feb. 1. 
1930, 446. 
2. COMMON STOCK 
Details: Par value shanged from $100 Registrar: Bank of California, San 
0 no par value, Oct. 10, 1928. Francisco, Calif. 
Voting Power: Has sole voting pow- Legal Opinion by: Donworth, Todd 
>r, except when Preferred dividends ¢ Holman, Seattle, Wash., for the bank- 
Are in arrears, . ars; G. G. Smith, Portland, Ore., for the 
Dividends: 8% per annum paid on  .ompany. 
$100 par value stock prior to 1927, when Public Offering: 45,000 shares by 
10% was paid. 100% paid in 1928. ~.,""y" Burr, Conrad & Brown, Inc, 
Quarterly dividends of 50c per share Portland Ore. Oct., 1928, at $36.50. 
paid on no par stock (Feb. May, Aug. ' ° * ! 
Nov.) since Feb. ‘1, 1929. Extra divi- Number. of Stockholders: Feb. 1, 
dend of 50c per share paid Sept. 25. 1930, 869. 
1929. Listed on: Seattle, Portland, San 
Ex-Dividend Date: Jan. Apr. July, Francisco and Los Angeles Stock Ex- 
Det. 15. changes. . 
Transfer Agent: Wells Fargo Bank Price Range: 1929: High 52%, low 
& Union Trust Co., San Francisco. Calif. 11: 1928: High 441%, low 39. 
COMPARATIVE INCOME STATEMENT, Years Ending Aug. 31 
1929 1928 1927 
1,254,013 $3,075,726 $2,490,524 
2,092,405 1461.637 1,376.726 
$1,113,798 
793,915 
$ 319,883 
12,783 
$ 307,100 
30,320 
17,125 
27.513 
292 142 
Sales  coeierciaes 
“ost of Sales ...... 
Balance ................ 
Deduct: 
Interest .... o.oo... 
Depreciation ................... 
Federal Income Tax........... — 
Net Prof. (incl. Subsid. from Mar. 20. 29) 049,804 
Deduct—Minority Interest .... none 
Net Profit—Own Majority Tn* 
Deduct—Dividends Paid .___ 
626 
co _,142 
n1 19K 
Balance Carried to Surplus... 
Surplus (at first of year). .............. .. 
Add premiums rec on sale of Com. =. 
Deduct amt. transferred to cap. acct... 
Total Surplus (at end of vear). _..% 870.310 
~0,954 
073262 
q192 222 
eR 216