INDUSTRIALS
i. $6.30 CUMULATIVE CONVERTIBLE PREFERRED STOCK
Provisions: Preferred as to assets fund requirements 2 years in arrears
to extent of $100 per share in event of in either of which event Preferred
dissolution and as to cumulative an- stockholders elect majority of direcpal
aividends of $6.50 per share. Ho tors until remedied.
bonds or stoc aving priority may be . _
issued without consent of two-thirds of Tuy daennar ad hr Share, Jer an-Preferred
stock. No additional shares and Oct. 1 paid regularly since Oct. 1
may be issued unless earnings for 12 1928. tT tr
out of 14 preceding months equal three Ex-Dividend Date: 10th day of
times dividend requirements on Pre- p5nth preceding dividend date.
ferred stock outstanding and proposed Transfer Agent: Citizens National
to be issued. Trust & Savings Bank, Los Angeles,
Sinking Fund: $3 per share on out- Calif.
standing Preferred shares set aside an- Registrar: Bank of America of Calnually,
beginning June 30, 1929, to re- ifornia, Los Angeles, Calif.
tire Preferred stock at best obtainable Public Offering by: Geo. H. Durr
price, not in excess of $110 per share. Conrad Broom, Inc, Series A (3,000
Callable: On any dividend date on 30 shares), July, 1928, at 100 and Series I}
days’ notice at $110 per share plus ac- (1,000 shares), Sept. 1929, at 103.
crued dividend. Number of Stockholders: 254.
Convertible: Into Common stock at Listed on: Los Angeles Stock Exthe
rate of two shares of Common for change. ’
one share of Preferred. Price Range.
Voting Power: Has no voting power High ..
unless 4 quarterly dividends or sinking Low ...
2. COMMON STOCK
Dividends: Regular $1.50 per share, Registrar: Bank of America of Calper
annum, paid quarterly, Jan., Apr., ifornid, Los Angeles, Calif.
July and Oct. 1, since Oct. 1, 1928. Ex- Public Offering by: Geo. H. Burr,
tra 12l%c per share paid Jan. 1 and Conrad & Broom, Inc., July, 1928, at 28;
July 1, 1930. Sept., 1929, at 40.
Ex-Dividend Date: 20 days prior to Listed on: Los Angeles Stock Expavment
dividend date. change and Seattle Stock Exchange.
Transfer Agent: Citizens National Price Range: 1929 1928
Trust & Savings Bank, Los Angeles, High .. . 49 41
Calif. TOW ....... 10 28
TOMPARATIVE INCOME STATEMENT, Years Ending Dee. 31
L92€
Gross Sales oor
Operating Expense ...........coooins
:,642,
2 280 ©
1928
"112,752
RG9 947
Net Earnings ...
Other Income .....
3
Total Income . __ ... eenns
Federal Income MT aX. oie eee,
Depreciation and Amortization ............coovoiiiiiiiiiiiuiiicnaanan.
58
Net Income ...................
Preferred Dividends ...........
Common Dividends _..._...................
1
-59
A EER
Surplus for the year... (44
Preferred Shares Outstanding........ ,000
Common Shares Outstanding... iiaieaeaaannen 00 L000
Earned, per share Preferred stock................ eran 10.43 17.10
Earned, per share Common stocK........... ...... eens 3.11 + 1.08
*Includes $68,009 earned 5% months prior to incorporation date. June 17. 1928
**514 months period.
‘DMPARATIVE BALANCE SHEET, As of
A SSE
Dee, 31
1929
159,562
96,000
122,845
18,536
14,933
.6,398
AIR 76 R
Cash ..........
Call Loans ......_... . _. eee raenne—eaeeaaennennenaan
Marketable SeCUTIT 08 aii eee eaeeeeemaneann
[Life Insurance, Cash Value __. rime samme npn dna R
Accounts Receivable .... eee —eneen anna
Due from Emplovees ER
Inver* :
1928
104,019
200,000
141,509
12,721
23,916
9,406
IQ 468
Total Current Asset
Prepaid Expenses ............ eee eaeameemtensaseeemassaesasenseeensenanaan
Plant and Equipment... eee eeea aeons
Deferred Charges ......c.cooooeeeeeeee.... aan
TOTAL ASSETS _ ...............~
ra,039
086
129
19
904 R79
ary
el 974 TER
