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 assets
 and dividends. In liquidation, entitled
 to par and accrued dividends.
Consent of majority outstanding Preferred
 required to create any funded
jebt (except purchase money mortgage)
 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 preceding
 equal twice dividend requirements
 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 dii.

 7% CUMULATIVE PREFERRED STOCK
vidends are unpaid, and then until aeccrued
 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 quarterly
 (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, Portland,
 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