"NDUSTRIALS 
«Q 
INCOME STATEMENT, Year Ending April 30, 1920 
Oil Sales occ... ceeeeeen $218,660 
Production Costs ..... veeeeee 90,754 
Overhead Expense ..... wenn wus SBTT 
Net Earnings .... 
Other Income .... 
%9 
,600 
Total Income ...... 
Common Dividends ....... 
Surplus for the year... emer ana ea——nn 
Earned, per share Common stock..............  eemeee—m———eaaaae 
COMPARATIVE CONSOLIDATED BALANCE SHEET, As ¢f 
ASSETS Apr. 30,1930 Jv 
21,815 
7.800 
17,901 
3.790 
4 
Cash ........ . HERE mans 
Field Accounts _... .. _. ERE P nA mmm SAAS ASR Hn rar 
Accounts and Notes Receivable... © eemmes emeemaanas 
Oil Inventory .. eee 
vy 21,1929 
55,509 
= 
I PE 
Total CUTTent ASSES... iii eee eee 
Stockholders’ Notes Receivable... SENSEI smfymnvanensnsasenasnson 
Trustee Account .... tmceeeteeteenenn————— 
Stocks of other COMPANIES. ....ooiuiuoeeeeeeeeeeeeeeeeeeeee 
Production Wells and Equipment .........o..oooonomeeo 
Lands, Leases, Royalties... o.oo 
Operating Leases ... RR R—————————— 
Roadway ................ mrs se ARE in A ——————————(———— 
Deferred ASSeUS ooo iii eee eee 
TOTAL ASSETS .......... 
21.506 
2,101 
05.348 
26,340 
88,698 
(8,905 
52,100 
10.631 
5,955 
15,550 
3 539.486 
"2,960 
807 
100 
W031 
555 
+621 
823 
LIABILITIES — 
Accounts and Notes Payable... 
Bank Note ................._. rememeeneenennanans 
Accrued Liabilities .. eee eee 
18,629 
0,000 
»5,300 
“a 
Total Current Liabilities _...._. 
Deferred Liabilities ..... 
Due Stockholders 
Capital Stock ........ 
Surplus Paid In........ 
Surplus Earned ...... 
TOTAL LIARILITIES 
a 
5 
1 
L176 
“00 
,e 00 
7 R61 
529 486 
494.» 
9 
FORREST E. GILMORE COMPANY 
GENERAL OFFICE: Public Service Bldg., Portland, Ore. 
HISTORY: Incorporated under laws of Delaware, Dec. 31, 1925, taking over pat- 
ents and business of Forrest E. Gilmore Co. of California. 
BUSINESS: Engaged in the manufacture of natural gasoline or casinghead gas- 
oline, from natural gas, stabilizing and preparing it for commercial use. 
PRODUCTION: In 1929 company manufactured 22,924,298 gallons of gasoline and 
sold 5,473,754,000 cu. ft. of dry gas. 
PROPERTY: Company's properties, located in Oklahoma and Texas, include 13 
extraction plants and leases on gas reserves on approximately 12,000 acres. 
In 1929, company acquired four plants from the Cushing Oil & Refining Co., 
at Blackwell, Cushing, St. Louis and Little River, Okla.. for $1,000,000 cash and 
$250,000 Preferred stock. . 
SUBSIDIARIES: Company owns all Common stock of Forrest E. Gilmore Co. of 
Texas, with plants at Mineral Wells and Pampa, Texas, estimated gross value, 
in 1929, including gas reserves. of $10.642.754. Company owns 75% of stock of 
Allen Gasoline Co. 
OFFICERS: Hilmar Papst, Chr. of Bd.; Chester A. Sheppard, Pres.: E. L. Hall, 
Exec. Vice Pres.; E. D. Ulrich, Vice Pres.; Seth L. Roberts. Sec’'v-Treas.; C. B. 
Cann, Asst. Sec'y; R. J. Hagan, Asst. Treas. 
DIRECTORS: Chester A. Sheppard, Attorney, Portland, Ore.; Hilmar Papst, Vice 
Pres. & Gen Mgr. Portland Gas & Coke Co.; E. L. Hall, Gen. Supt. Portland Gas 
& Coke Co.: Oscar J. Closset, Gen. Insurance, Portland, Ore.;: E. D. Ulrich, Los 
Angeles, Calif.;: L. B. Menefee, Pres. L. B. Menefee Lumber Co.; C. B. Bradford, 
Bradford, Kimball & Co., San Francisco, Calif.; Anthony Brandenthaler, Vice 
Pres. Federal Securities Co., Portland. Ore.: Seth L. Roberts. Certified Public Ac- 
countant, Portland, Ore. 
GENERAL COUNSEL: McCamant & Thompson, Portland, Ore 
GENERAL AUDITORS: Haskins & Sells, Portland, Ore. 
Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Thurs. in Feb 
Number of Emplovees: 150