Funded Debt: First Mortgage Metropolitan Life 514% $3,400,000 
25-year Sinking Fund Bonds .............. 61% * 898,000 
Capital Stock: : 
Authorized yOutstanding 
$100 par 7% Non. Cum. Pfd....... $2,000,000 $1,455,400 
$50 par Common. ............... *3,000,000 1,575,050 
* 1500 shares held against exercise of stock purchase warrants. 
+ Does not include 30,700 preferred and 1,050 common stock 
subscribed, but not issued. 
Transfer Agent: Company’s Office. 
Registrar: Company’s Office. 
Earnings: First fiscal year to Dec. 31, 1929—10 months: 
Gross Income ........... $850,227.57 
Less Operating Expenses . 565,041.14 
Taxes, Int. and Ins.. ete. .. 
286,186.43 
963.045 93 
Net Profits from operations before depreciation 
on Buildings ........... 
Depreciation on Buildings 
24,143.50 
146,567.97 
Net Loss on Operations . 
199.424.47 
Other Non-Operating Income: 
Forfeited Deposits ........... CREE se 
Profit on Sale of 23rd St. Property and Interest 
on Call Loans 
1,473.09 
78,626.27 
Total Non-Operating 
Income........ 80,099.36 
$42 3925 11 
Net Loss for the Period .. 
There has been purchased out of available cash (result- 
ing from economies in lower building costs) $602,000 of its 
$1,500,000 twenty-five-year 61%% sinking fund, mortgage 
bonds for $505,680 or in the first 10 months’ operations, 
bonds equivalent to an amount required to be retired over 
the next nine years. In addition to the surplus created by 
this transaction a saving of interest charges of about $25.000 
per annum has been effected. 
Management 
Officers: B. F. Castle, Pres.; Miss Anne Morgan, F. M. Warburg, 
Vice-Pres.; A, W. Loasby, Treas.; F. Morse Hubbard, Sec’y; 
Miss Mary La Dame, Asst. Sec’'y and Asst. Treas. 
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