THOMSON’S MANUAL
130
CONTINENTAL COAL COMPANY
GENERAL OFFICE: Empire State Bldg. Spokane, Wash.
BRANCH OFFICE: 1006 Smith Tower, Seattle, Wash.
HISTORY: Incorporated under laws of Washington, Oct. ®8, 1911, for the pur-
pose of the wholesale distribution of coal in the Pacific Northwest.
BUSINESS: Company is exclusive sales agent for cight of the largest producing
coal mines in the Northwest and distributors for Sheridan, Kleen Burn, Owl
Oreek, Crow's Nest and others. Operates Dale Coal Co., Ravensdale, Wash, a
oroducing coal mine. Operates 12,000 acres farm land in eastern Washington,
raising sheep, cattle and wheat.
SUBSIDIARIES: Hawkeye Fuel Co, Spokane, Wash., retailers; Dale Coal Co.
Ravensdale, Wash., a producing company; Spokane Feed & Fuel Co, Spokane,
Nash retailers; North Pacific Fuel Co, Seattle, a distribution bunker supplying
retailers.
MANAGEMENT: Jas. S. Ramage, Pres. and Gen. Mgr.; J. I. Springer, Vice Pres.;
Lee Thorpe, Sec’y-Treas.
DIRECTORS: Jas. S. Ramage, Lee Thorpe, W. G. Ramage, W. H. Shields, Frank
T. McCollough, R. J. Martin, W. S. McCrea, John F. Davies, J. M. Richards. all of
Spokane, Wash.; J. I. Springer, Seattle, Wash.
GENERAL COUNSEL: Hamblen & Gilbert, Spokane, Wash.
GENERAL AUDITORS: J. I. Kinman & Co., Spokane, Wash.
Fiscal Year Ends: April 30. Annual Meeting: 2nd Tues. in May.
Number of Employees, Including Subsidiaries: About 200.
CAPITALIZATION, As of April 30, 1930
Par Value Authorized Qutstanding
1. 7% Cum. Preferred Stock............. $100 $500,000 $115,000
2. Common Stock ....... eereeeee $100 $1,000,000 $515,000
1. 7% CUMULATIVE PREFERRED STOCK
Provisions: Preferred as to assets, Dividends: 79% per annum, payable
$100 share and dividend at the rate of quarterly, Feb. 1, May 1, Aug. 1 and
1% per annum. Dividends are cumula- Nov. 1.
rive. Public Offering by: Chester Harvey,
Callable: At any time on 60 days’ Van Court & Co., Inc, Spokane, Wash,
notice at $105 and accrued dividends June, 1929, in units of 1 share Pre-
up to Apr. 30. 1939. and at $100 there- ferred and 1 share Common. $200 per
after. unit.
2. COMMON STOCK
Dividends: Since organization in Publie Offering by: Chester Harvey,
1911, the company has paid 89% cash Van Court & Co. Inc. June, 1929, in
dividends on Common stock, and from units, 1 share Common and 1 share
1924 to 1929 paid a total of stock divi- Preferred. at $200 per unit.
jends of 55%.
COMPARATIVE INCOME STATEMENT, Yeprs Ending: April 30 JDUE
Gross Earnings .oooomeeeeenenneen 66," 2 $126,162
Other INCOME _.ooiicrecicmimmmceenaaenns = 2 ~%2 36,780
Total Earnings ..ccceoocooeeomeunnees $162,942
Selling and General Expense... 56,758
Net EATrNINES ccecoecceecmmeemmmmmnnaseimmmsesmmnennnsensers “on 106,184
Depreciation, Interest. Taxes. etc. ..ooreern 28.585
Net Profit .oocoeocccomiemnnnn, ce eeeememenamnenaan oz $ 77.599
comm Am my = “LANCE SHEET, A:
ASSETS- - 9. .
CURSE oooeeeeeeoeeeeeeeee eee eee ee aeammeemnmeemmnecan scene eamnnnanesanee *,745
Bills and Acceptances Receivable... ..... +. 5,654
Accounts Receivable orien ee 138,440
Stock in Subsidiary Co.s =... eee eee 238,760
[Investments ........ emeennan 28.240
Treasury Stock ........... nnn EE .- eeemmennn
Land and Buildings. .ccoceocecce icon ioemmeemiaces «+ one 312,306
Farm and other Equipment... ..cociereies 16,006
Patent Rights .... en ———— EEE 10,000
TOTAL ASSETS oii oooeeeeeeeeemneeeneeee=. 51.004.051
LIABILITIES—
Notes Payable ........ elena eenneeneeed
Accounts Payable ............... nem
Real Estate Mortgage. ..oooioon i memmconecenens
Reserves ococoeeeeeee ems mmm reeemmormeoenn
Preferred Stock ....... FO
Common StoCcK .oeomomeeaeeo vt wmnmnnd
Surplng and Indiv. Profils. orvencccaaeenes
1928
15,143
130,948
175,980
128.174
126,000
274,199
12.661
2 62.1058
32,786
150,004
73,840
11.428
500,000
95.047
$ 863,105
393,455
3.15:1
*119
TOTAL LIABILITIES .ceeeeccememeemet
Net Working Capital... een
Ratio, Cur. Assets to Cur. Liabilities _.........
Book Value Common shares... rr
1.004,0561
415,459
2.64:1
106
94° neo
4
a
*195 22
