)77 ©
THOMSON'S MANUAL
PORTLAND WOOLEN MILLS, INC.
GENERAL OFFICE: Portland, Ore.
HISTORY: Incorporated under laws of Oregon, March, 1928, and took over at
that time assets and business of Portland Woolen Mills, which was organized
n 1901.
BUSINESS: Manufactures woolen textiles, such as overcoatings, suitings, blangets,
automobile robes and woolen upholstery.
PROPERTY: Plant at Portland, Ore., has 21 buildings, covering 6 acres. Equipped
with 137 looms and 10,000 spindles. 3
OFFICERS: W. P. Olds, Pres. & Treas.; C. H. Carter, Vice Pres. & Gen. Mgr.;
3. D. H. Chiswell, Sec’y.
GENERAL AUDITORS: Haskins & Sells, Portland, Ore.
Fiscal Year Ends: Dec. 31.
Number of Employees: 400.
CAPITALIZATION: Par Value
1. $7 Cum. Preferred Stock... veee-aeNoO Par
3. Common Stock .... .No Par
Outstanding
3,385 shs
10,000 shs
1. $7 CUMULATIVE PREFERRED STOCK
Provisions: Has preference as to as- regular dividends paid quarterly, Mar.
ets and dividends. June, Sept., Dec. 1.
Callable: On 60 days’ notice at 103. Transfer Agent & Registrar: TU. S.
Dividends: Beginning June 1, 1928, National Bank. Portland, Ore.
2. COMMON STOCK
Voting Trust: All Common stock Transfer Agent & Registrar: TU. S
held in voting trust for a period ter- National Rank. Portland, Ore.
minating on Feb. 1. 1935.
INCOME STATEMENT, Year Ending Dec. 31, 1929
Gross Revenue ............
Dperating EXpense oo...
Net Earnings -............
Depreciation oo
Nol INCOME «nor inrinmmsisssssymsmsasiasasmmsssssn een ememennanaon
DrefeTred DiVIAENIAS cena eeeeeee am maemmnmamaasemmcmeeneamnanseeannnamomo
...--$1,687,150
eeeeee 1,497,213
89,937
36,570
53,367
23,019
Surplus For The Year... cue sessions reeememmarneeneneead 30,348
Earned, per share Preferred stock... iiiiiiines errno meaann $15.77
Earned. .per share Common StOCK i ereeeeecce teen ec cca aocnnnrannneenane 3.03
COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dee. 31
1929 1928 1927
818,766 827,174 $ 850,000
1,891 5,131 5,815
975 7,678 4,859
~24 27 665 119,163
“hn 23 173,185
0 $18.471
1.701.143 $1.771.493
ASSETS—
and, Bldgs. & Equipment...
Real Estate, etc. ...... ee
Deferred Charges ..... ensenmmmenmenailS SH
AS oem mm mm emma m mana meemn ema amnan
Accounts and Notes Receivable...
Subscriptions Receivable ._....... ...
[nventories eae
Due from Employees ........ooccoeeeeeee eames
TOTAL ASSETS ie iceeeemeeaareeeeaaaenaid }
LTABILITIES—
Preferred Stock .ociiiceaaaanes
Common Stock and Surplus...
Funded Debt ........ eeemam————
Notes Payable ........ es
Accounts Payable ....... ooo.
Accrued Interest and Taxrc-Trade
Acceptances
12,900
613
v0
328,700
30
6
®
338,500
549,327
177,400
183,671
101,428
121.167
oR
TOTAL LIABILITIES
Net Working Capital... I
T.-181
0%
$1,701,123
448.705
$1,771,493
E04 552
FUNDED DEBT, As of Dec. 31, 1929
Rate Dated Due Authorized
i B50, 11-1-23 1928-38 $650.000
Tirst Mortgage Serial
old Bonds ....._._.
Qutstanding
442 100
