180
THOMSON'S MANUAL
ROSS ISLAND SAND & GRAVEL COMPANY
GENERAL OFFICE: Lumbermen’s Bldg. Portland, Ore.
HISTORY: Incorporated under laws of Oregon.
BUSINESS: Company produces and distributes sand and gravel for all commer-
cial purposes.
PROPERTY: Company owns three islands in the Willamette River, within the
city limits of Portland as follows: Hardtack Island and Toe Island, 243 acres;
Ross Island, 157 acres. A 1,200 cu. yd. per 8-hour day gravel plant is located
on Hardtack Island. Company operates distributing bunkers, trucks, etc. in
Portland.
SUBSIDIARIES: Beaver Portland Cement Co., Gold Hill, Ore.; Oregon Sand &
Gravel Co. Salem, Ore.
OFFICERS: D. L. Carpenter, Pres.; W. H. Muirhead, Vice Pres.; Harold Blake,
Vice Pres.; Palmer L. Fales, Sec’y.; Buell C. Nelson, Treas. ,
DIRECTORS: W. G. Brown, D. L. Carpenter, P. L.. Fales, Russell Hawkins, Aaron
Holtz, W. H. Muirhead, B. C. Nelson, C. F. Swigert.
Fiseal Year Ends: Dec. 31. Annual Meeting: 2nd Mon. in Feb.
CAPITALIZATION, As of Dee. 31, 1929
Par Value Authorized Outstanding
1. 7% Cum. Preferred Stock.............. $100 $750,000 $575,870
2. Common Stock .......No Par 30,000 shs 28,497 shs
COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31
ASSETS— 1929 1928
22,931 3 7,127
33,304 48,503
35,853 36,850
1.645 3,161
AS coe eee teens ream emn nae e mene e eee mmemeae
Notes and Accounts Receivable. aan,
Inventories eenemeeeemeseeseesmessesses-eesssmsessnseemne
Equipment for Sale........
Total Current AsSsetS......oocooceo.. il mean ans 92,753
Beaver Portland Cement Prior Pref. red StocK.....oooceee. L5.,000
Beaver Portland Cement Preferred GioCko oo iominimnienn. 152,070
Beaver Portland Cement Common Stock wim miE 511,450
Other Investments .......... ean a 6,051
Property and Edquipment............... 726,479
Sinking Fund and Bond Interest... 12,839
Contracts Receivable .... £,195
Claims Due ..coooeeeneannaoo. emmme——ee 15,630
DEfErTEA TLEIMSE .vvecceers = crrrermmmvrmmmersnnsvnsnsinssiasssitssoiammin nis sssanssstasnnsns 87,072
TOTAL ASSETS cc... ..$2.872.419
LIABILITIES—
Notes and Accounts Payable... o.oo iioees sms
Salaries and Wages Payable... eee eeemeeeaannane
Dividends Payable .ceececieer ii eieer eeceenreeeemanaeee
Accrued Interest and TAX Su eeeeeeceeieeemeeenanneemnmanmeanen
Total Current Liabilities. .........oooooiiiinioe.
First Mortgage Bonds...... marae alana A SR FRR RT me, E00
contracts Unfilled o.oo ee eee nee ameememe nna
Beaver Portland Cement Co. ....... en eemmmemeaaaeeneeanneaan
30nd Interest ACCrUe@. o.oo iieeeececeemnee emeammaannn
deferred Items ooo eee mnean anna anan
Preferred StOCK eee eee eam amas
TOTAT, I.JTARTI.TTTES
95,641
150,000
152,070
611,449
6,051
1,762,214
19,405
9,861
18,530
93,779
$2.919.000
p
61,235
28,732
12,862
18.560
121,389
526,300
12,262
26,312
18,798
1,250
636,170
1,576,519
£2.919.000
9 R79 419
FUNDED DEBT, As of Dec. 31, 1929
"ist (Closed) Mort. & Collat. Rate Dated Due Authorized Outstanding
Secured Gold Bonds.............. 7% 1-1-27 1-1-37 $550,000 $514,800
interest Payable: Jan. and July 1 at Federal income tax up to 29% and re-
Trustee’s office, funds Oregon and Calif. 4 mills tax.
Trustee: Title & Trust Co., Port- Security: First mortgage on fiscal
'and, Ore. assets of the company and by pledge
Registerable: As to principal. yf Beaver Portland Cement Co. stock
Denominations: $100, $500, $1,000. and Oregon Gravel Co. stock.
Callable: At 103, on any int t _ Other Details: Company agrees to
Ta 0 Ais moe) y 1Interes imit Common stock dividends to $2.50
© ys’ notice. ser share until bonds have been re-
Sinking Fund: 5c per yd. of sand rired.
and gravel produced to purchase bonds Offered by: Ralph Schneelock & Co,
at not to exceed call price. or call bonds Sortland; Murphey, Favre & Co. Spo-
hy lot. sane; Wm. P. Harper & Son. Seattle.
Tax Status: Company pavs normal Jan.. 19217.
