THOMSON'S MANUAL 
Pure Milk Dairy 
Products Co. 
Mayflower Dairy 
Jersey Dairy 
West Seattle Dairy 
Mrescent Dairy 
v 
Certified and pasteur- 
ized bottled milk and 
scream, butter and cheese 
sold principally under 
brand name “Carna- 
tion.” All these units 
now operating under 
the mame of Carnation 
Farm Products Co. 
Ice cream under the 
brand name “Carnation.” 
Pasteurized bottled 
milk and cream under 
syrand name of their re- 
spective dairies — also 
butter and cheese. These 
units are now operating 
under name of Carna- 
tion Farm Products Co. 
Seattle, Washington 
Carnation Ice Cream 
Co. 
Portland-Damascus 
Milk Co. 
Steigerwald Dairy Co. 
Riverview Dairy Co. 
Fernwood Dairy Co. 
Modern Dairy, Inc. 
Vine Lodge Dairy 
Green Hill Dairy 
Rainbow Dairy Prod- 
ucts Co. 
Holbrook Farm 
Seattle, Washington 
Portland, Oregon 
Pasteurized bottled 
nilk and cream, cheese 
ind ice cream under 
srand name of respec- 
sive dairies. 
Pasteurized bottled 
nilk¥ and cream under 
srand name of company. 
Pasteurized bottled 
nilk and cream, butter, 
heese and ice cream un- 
jer brand name of re- 
spective companies. 
Pasteurized bottled 
milk and cream, butter, 
‘theese and ice cream un- 
jer brand names of re- 
spective companies. All 
hese units now oper- 
ating under name Qual- 
ity Dairy Products Co. 
Pasteurized bottled 
milk and cream, butter 
and cheese under brand 
name “Carnation.” 
Package cereals, pat- 
ent flours, stock and 
noultry feed sold prin- 
cipally under the brand 
names “Carnation” and 
“Albers.” 
Evaporated milk and Fifty-five foreign coun- 
condensed milk with tries including England, 
plants in Germany, Hol- Continental Europe and 
jand and France. Far East ] 
*The Carnation Company, in addition to solely owning all other companies 
mentioned, owns the majority of stock in the American Milk Products Corpora- 
tion, an export company. 
BUSINESS & EARNINGS: In 1900 the gross business was $170,489: 1905, $1.138,- 
088; 1916, $13,025,559; 1929, $48,054,388. . 
_ Earnings on turnover for four years ending Dec. 31, 1929, were 5%. Due to 
falling commodity prices and as result of consolidation of so many companies 
tn 1929 the percentage did nof eaual 5%. 
Broadview Dairy Co. 
Pine Creek Dairy Co. 
Spokane, Washington 
NAPITALIZATION, As of Mar. 1, 1930 
Par Value Authorized 
1. 79% Cum. Preferred Stock............. $100 100,000 shs 
2. Common Stock ..... __..... NoPar 200.000 shs 
PREFERRED STOCK 
oresent property without the consent 
>f holders of 75% of the outstanding 
referred stock. (4) Stock in addition 
‘0 this issue may not be issued unless 
iret earnings applicable to dividends for 
past calendar year shall have been 3 
‘imes requirements on stock outstand- 
me and proposed to be issued. (5) 
i. 7% CUMULATIVE 
Provisions: (1) Preferred as to divi- 
jends and as to assets in liquidation 
ip to $110. (2) Company covenants to 
maintain at all times net quick assets 
aqual to not less than 125%, and net 
-angible assets equal to not less than 
200%, of Preferred stock outstanding. 
(3) No mortgage mav be ziven on the