LES
—
THOMSON'S MANUAL
[Fiscal Year Ends: July 31. Annual Meeting: 1st Wed. in Sept.
[. 7% Cum. Pref. Stock...... wm S00 $750,000 $315,500
2. Common Stock . i rmemnammeeennneeee $100 $400,000 $400,000
1. 7% CUMULATIVE PREFERRED STOCK
Provisions: Preferred as to assets ~ights with common only on questions
ind dividends. iffecting property and total assets. In
Restrictions: No mortgage can be tase 2 quarterly dividends are in ar-
placed on property without consent of ‘ears, preferred elects one trustee. If
holders of 756% of Preferred Stock; nor lI quarterly dividends in arrears, pre-
can sagtional Preferred ark be is- ‘erred stock elects majority of trustees.
sued unless net earnings for two years 7 .
past have equalled three times Pre- WL Wit he Sd pays normal
ferred dividend requirements on stock Dividends: Payable quarterly, Feb
outstanding and to be issued, and un- Viay, Aug., Nov. 1. Paid regularly to
less net quick assets equal 150% of out- 3nd incl. May 1, 1930.
standing Preferred Stock. ’ .
Sinking Fund: 25% of net earnings, Transfer Agent: Corporation Trust
after Preferred dividends, shall be used >0., Wilmington, Del.
to purchase stock in the market up to Registrar: Bank of California, N. A,
3108 and accrued dividends or to re- Seattle.
jeem the stock at that price. Publie Offering by: Ferris & Hard-
Callable: At $108 and accrued divi- grove, Spokane; Geo. H. Burr & Co,
1ends. Blyth & Co., 1920, at 98.
Voting Power: Has equal voting Number of Stockholders: 182.
2. COMMON STOCK
Voting Pewer: Sole vote except as after till 1927 when 59% was paid; none
stated under Preferred. thereafter to Mar. 15, 1930.
Dividends: 5% paid 1925; none there-
COMPARATIVE INCOME STATEMENT, Years Ending July 31
1929 1928 1927
eeeanna $2,266,806 $2,676,660 $2,565,199
20,751 1,.072 32,833
D.182.4°29 2.77 13 2,421,682
$ 110,684
2,673
113,257
61.187
52,070
20.391
Gross Sales .....
Depreciation ie
Dperating Expense. Taxes, Etc......._ en
Net INCOME roeeieeecieimicmeeemees
Preferred Dividends .................
Common Dividends ........coccceeeeeeeae.
Surplus for the Year...
Earned, per Share Preferred Stock...........
Earned, per Share Common Stock __..............{
-Deficit.
COMPARATIVE CONSOLIDATED BALANCE SHEET, As of July 31
ASSETS— 1929 1928 1927
Plant and Equipment... .....$412,802 $427,689 $424,609
Other Investments .......oocccecoecoceaaannee. .. 10,724 10,724 8,985
Deferred Charges ..ooccccoeecciiemmcaaaennns - 16,322 9.842 12.205
Current Assets—
Inventories ee
TIABNL. oon eerrmn smn mame immm RS ASR AS SAR ARE SE Sr —
Bills and Accts. Receivable... as
Life Insurance, Cash Value . ee eeeeneemmmamanmannnann
AAVANCES ceeceeieeeeeacia cae emeenmanane
NDther Current ASSetS..ceocooiiaiiccinaaas "
Total Current ASSES. cooeiiiinenieiioneceseenneeennn $702,957
TOTAL ASSETS eeeeeeeeeeaeeeeaan one ennnnenn $1,142,805
LIABILITIES—
Preferred Stock .... . reeenaenu$31E,500
Common Stock ............ Co eeeeeennenenns 400,000
Minority Interest ..... rman ERTIES 3,162
SULPIUS eeceeeem eee eee acacia este ae nme se em ae me eenam nena nn nnnnn PENA
Current Liabilities—
Notes and Accts. Payable ............_.._. eemeanes
Accrued Liabilities
Provisions for TaxeS............... ....
Total Current Liabilities. ooo ee
467,359
50,807
152,887
24,891
10.719
$706,663
£1.152.462
$321,300
400,000
2,791
248,893
161,153
10,000
8,325
$179,478
$1,152,462
$527,185
3.92:1
162.22
TOTAL LIABILITIES ............... reeenn
Net Working Capital... iil
Ratio Cur. Assets to Cur. Liabilities. ..................
Pook Value Common Shares i
05
k ES
weil
£155.02
1 139,54
. 185,411
3.45:1
+153.86
