INDUSTRIALS
GENERAL MILLS, INC.
GENERAL OFFICE: Minneapolis, Minn.
BRANCH OFFICES: Maintains 68 branch selling offices throughout the country.
HISTORY: Incorporated under laws of Delaware, June 20, 1928, to acquire the
businesses and properties of certain companies engaged in the production and
distribution of flour and other food products.
Since its organization, the company has acquired the businesses and proper-
ties of Washburn-Crosby Co., The Red Star Milling Co., Kell Mill & Elevator
Co., Oklahoma City Mill & Elevator Co., Perry Mill & Elevator Co., El Reno Mill
& Elevator Co., Sperry Flour Co. and others.
BUSINESS: Manufactures and distributes flour and cereal products, including
brands “Gold Medal,” “Drifted Snow,” “Red Star,” “Rex,” “White Dear,” “Miss
Utah” and many others. Also produces a complete line of special and poultry
feeds, cake flour and wheat cakes.
PROPERTY: The company owns and operates mills located in 23 different cities
which include 20 flour mills, 9 feed mills and 2 cereal mills. They have an ag-
gregate capacity of 88,300 barrels of flour, 5,625 tons of commercial feeds and
455,000 pounds of cereals per day. The company also has terminal storage ca-
pacity for 34,940,500 bushels of wheat (including 2,500,000 bushels capacity under
lease and 2,250,000 under construction). Mills are located in Minnesota, New
York, Illinois, Kentucky, Kansas, Oklahoma, Texas, Montana, Washington, Cali-
fornia, Missouri, Oregon and Utah.
Water power rights on the Mississippi and Missouri rivers are also owned.
f CIFIC NORTHWEST PROPERT"
..2,5600 bbl. Flour
rereneeeeeane 325 BDI. Flour
.1.750 bbl. Feed & Cereal .
....1.100 bbl. Flour >»
TL
Great Falls, Mon 1,529,000 bu. Elevator
Kalispell, Mont. 240,000 bu. Elevator
Portland, Ore. 100,000 bu. Elevator
Pasco, Wash. .. +45,000 bu. Elevator
Creston, Wash. . avn nemaeas meemevessusainenessneess 35,000 bu. Elevator
Spokane, Wash. .. reeees-=-1,800 bbl. Flour Mill— 800,000 bu. Elevator
Tacoma, Wash. ..cccooeeveeecceiiiciiiiiiiieceee.....5,000 bbl. Flour Mill....1,000,000 bu. Elevator
OFFICERS: James F. Bell, Pres.; Franklin M. Crosby, Vice Pres.;: Donald D.
Davis, Vice Pres. and Treas.; Putnam D. McMillan, Vice Pres.; Harry A. Bullis,
Sec’'v and Comptroller; S. Anderson, Vice Pres.; G. E. Thomas, Vice Pres
DIRECTORS
James F. Bell, Pres. General Mills, Inc. Roger S. Hurd, Pres. The Red Star Mii.
Minneapolis, Minn. ing Co., Wichita, Kan.
Roy N. Bishop, Pres. Sperry Flour Co., Frank Kell, Wichita Falls, Tex.
San Francisco, Calif. James KE. Larrowe, Pres. The Larrowe
Charles C. Bovey, Pres. Washburn- Milling Co., Detroit, Mich.
Crosby Co., Inc., Minneapolis, Minn. Frank J. Morley, of Kingman, Cross,
Franklin M. Crosby, Vice Pres. Gen- Morley & Cant, Minneapolis, Minn.
eral Mills, Inc.,, Minneapolis, Minn. Harry G. Randall, Pres. Washburn-
John Crosby, Minneapolis, Minn. Crosby Co., Kansas City, Mo.
Donald D. Davis, Vice Pres. and Treas. Stanley A. Russell, Vice Pres. The Na-
General Mills. Inc., Minneapolis, tional City Co., New York, N. Y.
Minn. James W. Sherwood, Pres. Royal Mill-
Frank F. Henry, Pres. Washburn-Cros- ing Co., Great Falls, Mont.
by Co., Inc., Buffalo, N. Y. Thomas C. Thatcher, Pres. Wichita Mill
Karl E. Humphrey, Pres. Oklahoma & Elevator Co., Wichita Falls, Tex.
City Mill & Elevator Co., Oklaho- P. D. McMillan.
ma City, Okla. H. A. Bullis.
GENERAL AUDITORS: Peat, Marwich, Mitchell & Co.
Fiscal Year Ends: May 31. Annual Meeting: 2nd Tues. in Aug
Number of Employees: 5,800 (approximately).
CAPITALIZATION: Par Value Authorized
1. 6% Cum. Preferred Stock............ $100 $50,000,000
2. Common Stock ....No Par 1,000.000 shs
1. 6% CUMULATIVE PREFERRED STOCK
Provisions: Preference as to assets Dividends: Payable quarterl:, Jan.
and 69% dividends. Cumulative from 1, etc. Initial dividend of 149 paid
July 1, 1928, Entitled to 115 per share Oct. 1, 1928, and regularlv thereafter
in liquidation if voluntary, and to par May, 1930.
if involuntary, in either case with ac- Transfer Agent: National City Bank,
crued dividends. New York, and First Minneapolis Trust
Sinking Fund: Semi-annual pay- Co. ]
ments to a sinking fund beginning Jan. Registrar: Minnesota Loan & Trust
1, 1929, of 1% of total amount of stock Zo., Minneapolis, Minn.; First National
previously issued, if available at not 3ank of the City of New York.
over ; .
- Public Offering by: National City
wages JL 115 per share and ac- nj “New York, June, 1928, at 100.
Voting Power: No vote except in de- Listed on: New York Stock Ex-
fault of dividend or sinking fund pay- change.
ment, when it shall have right to elect Price Range:
8 majority of the board until default is NED cocceein..
remedied. Ow
1929 1928
cereeemneeeeee 100 10014
.. R73, 981,
