THOMSON'S MANUAL 1. 6% CUMULATIVE PREFERRED STOCK Provisions: Has preference as to as- thereafter to 1925 when 69% was paid; sets and dividends. 1926, 69% and 10% 9% extra to liguidate Callable: At 105 on any dividend date arrears; 1927, 1928 and 1929, 6%. mm 30 days’ notice. Transfer Agent and Registrar: Com- Dividends: 1920, 6%: 1921, none; 1922 DPany’s office, New York. to Mar. 31, 1924, inclusive; 69%; none Number of Stockholders: 289. 2. COMMON STOCK Voting Power: Has sole voting power. Ex-Dividend Date: 21st of paying Dividends: Layable quarterly, last month. day of Feb. May, Aug. Nov, 1920 to x - 1636, Tone: 1927, 1928 and 1929, 6%; $1 a pane then Sree Ape Leslstrar: Com share paid Jan. 31, 1930, and April 30, a 1930. Number of Stockholders: 183. COMPARATIVE INCOME, Years Ending Nov. 30 1929 1928 Net Income Before Depreciation....................$1,269,970 $763,445 COMPARATIVE BALANCE SHEET, As of Nov. 30 ASSETS— 1929 Property and Construction........ccooemoeecivicccaccrecreaineaae- $10,685,253 [nvestments ..... ee eeamsmmseesecwmsssassmemmmesacemmmeane oe ‘ne 926 Current Assets ..... mamma ———————— EE © 293 Miscellaneous ........o.oo.oooooeeee nee eemeumammemeemeemseemeemaemaamenn ,216 Cash Held by Trustee.......... eeneemnemnmememennen 328,575 313.869.5%3 1928 $10,016,662 388,272 1,346,471 260,992 $12,012,397 TOTAL: ASBBRETS .....ccomvsimnerim LIABILITIES— Capital Stock, Surplus and Reserve... .ccweeeeceeeecccenneeanan. $10,930,748 Funded Debt ..ooceeeee.o een ennnnnenens 2,423,000 Mortgage Payable ....._.........._ Po” RRR Current Liabilities o.oo... ememmemmeeenmeanannan 515,775 TOTAL LIABILITIES ..cccomeeee. ceommaenunenam—n—n $69,523 Net Working Capitale oo ooooooieiieeerececeaccneacneess ceeeeceeeeeeeee $1,296,518 Ratio Current Assets to Current Liabilities oo eeeeeeaeaneen 3.5:1 $10,208,512 986.000 200,000 617.885 $12,012,397 $728,587 99.1 FUNDED DEBT, As of Nov. 30, 1929 Rate Dated Due Authorized Outstanding 1. 1st Mtge. Bonds Series A... T% 1922 1947 $1,250,000 $ 923,000 2. 1st Mtge. Bonds Series B.... 69% 12-1-28 12-1-53 $1,500,000 $1,500,000 i. FIRST MTGE. 25-YEAR 6% SINKING FUND GOLD BONDS Interest Payable: Semi-annually Jan. ‘ncome tax up to 2% and Pennsylvania and July 1, at trustee’s office. state tax refunded. Trustee: New York Trust Co. N.Y. Security: First mortgage on all fixed Registerable: A i assets, with exception of office build- egisterable: As to principal. ing at 25 Pine Street, N.Y., on which Denominations: $100, $500 and $1,000. it is a second mortgage. Additional Callable: At 105 during first 5 years, 30005, oY BE os 2 urin «oy, 5 10 curing nex years, and 105 J} 4 ¢1 500,000 for not exceeding 663% SpE ets Supramol payments Send ton bellurishes, SE ey or largest i Ll OF ‘or the payment of $1,000,000 of 1% %» of net earnings after interest, : the! axes and depreciation. which ever is hotes que 1922 and for other corporate greater. Offered by: Hemphill, Noyes & Co., Tax Status: Company pavs normal New York, Dec., 1921, at 96%. 2. FIRST MTGE. 25-YEAR 6% SINKING FUND GOLD BONDS, SERIES B Interest Payable: Semi-annually Dec. tion price may be tendered in lieu of and June 1, at trustee's office. cash. Trustee: New York Trust Co.,, N.Y. Tax Status: Company pays 2% Nor- Registerable: As to principal. nal Fed. Income tax; Penn. 4 mills per- Denominations: $1,000 and $500. sonal property tax and Mass. 6% in- oops; a 0s on or before Dec. 1, ome tax. pa o Dec. 1, 1938; at 103 to Security: Direct first mortgage on Dee, 2 lass) at 102 to Dec. 1, 1948, and ul fixed assets of the company with ereafter to maturity at 101, in each yxception of office building at 25 Pine ~ase with accrued interest. Ytreet, New York. Sinking Fund: Semi-annual pay- © - Opinion by: Zabriskie, S ments of 114% of highest amount of ,Me5al DRimion OV: 8 rislie, Sage. Series B bonds issued, to retire by pur- ray & Todd, and Hornblower. Miller chase not exceeding redemption price, ind Garrison. or if not available, by call by lot at Offered by: Blair & Co. Inc, N.Y, such price. Bonds at current redemp- ind Seattle. Dec.. 1928. at 99%,