INDUSTRIALS HORLUCK'S, INC. GENERAL OFFICE: Westlake Ave. and Mercer St, Seattle, Wash. HISTORY: Incorporated under laws of Washington, January, 1928. BUSINESS: Company operates a chain of malted milk shops in Seattle and other cities in Western Washington, dispensing ice cream, sandwiches, and pastry, all prepared in the company's central plant. Manufactures and dispenses a special ice cream known as “Danish Ice Cream,” and other specialties, the names of which are copyrighted. PROPERTY: Company's property consists of equipment in 21 shops, 17 of which are operated in Seattle, 2 in Tacoma, 1 in Bellingham and 1 in Bremerton, Wash. OFFICERS: George F. Horluck, Pres. & Treas.; H. J. Horluck, Vice-Pres. & Secy. DIRECTORS: George F. Horluck, H. J. Horluck, Charles T. Hutson. GENERAL AUDITORS: Lybrand, Ross Bros. & Montgomery. Fiscal Year Ends: Dec. 31. Annual Meeting: 1st Monday in May. CAPITALIZATION, As of Dee. 31, 1929 Par Value Authorized $10 10,000 shs No Par 20,000 shs i. 7% CUMULATIVE PREFERRED STOCK Provisions: Preferred as to dividends, Transfer Agent: Metropolitan Na- Thick are earpnlative, ard as to assets. tional Bank, Seattle. Stock is non-participating. Callable: 2 $10.50. & Registrar: First Seattle Dexter Hor- Joting Power: Non-voting except ton National Bank. when dividends are in arrears 1 year, . in which event equal voting rights with Public Offering by: B. B. Odom & common are assumed. Co., Jan. 14, 1929, in units of 2 shares Dividends: Payable quarterly Mar. Preferred and 1 share of common at Tune. Sept. and Dec. 1 $30 per unit. BALANCE SHEET, As of Dec. 31, 1929 ASSETS LIABILITIES Notes Payable .............. Purchase Contracts . Accounts Payable . Due Officers ........... Federal Tax Reserve. Pav Roll Accrued Cash «oon Bonds ........ Accounts Receiv: Inventories .... Rent Paid in Adv: 6.643 590 1,087 8,751 3.729 10.000 4,357 2,983 2,059 5,000 "AD - Total Current Asse.. Equipment, Patents rr? Marks ............ Deferred Assets n Total ™ “ontrac: Preferred Jommon ‘urplus . : Fravable.... $1,259 8.562 IC 000 35,000 212 985 - CT BR AR 06 creeeeennd 33.258 IRON FIREMAN MANUFACTURING COMPANY GENERAL OFFICE: 984 East 17th St., Portland, Ore. BRANCH OFFICES: St. Louis, Mo.; Cleveland, Ohio, and Chicago, Ill. HISTORY: Incorporated under laws of Oregon, Feb. 26, 1926, as successor to a partnership. First began national distribution of product in 1925. BUSINESS: Manufactures-automatic coal stokers in nine sizes suitable for small power and heating plants up to 200 horsepower. Stokers permit use of lower grades of coal and save labor. Product distributed by 300 dealers located in principal cities of the U. S. PROPERTY: Modern factory at Portland, Ore.; 42,500 ft. floor space; annual ca- pacity, 15,000 stokers; factory in Cleveland, Ohio, with 60,000 sq. ft. floor space; warehouse in St. Louis, Mo. SUBSIDIARIES: Controls Iron Fireman of New York, Inc, and Iron Fireman Mfg. Co. of Wisconsin, both sales companies. MANAGEMENT: T. H. Banfield, Pres.; E. C. Sammons, Vice Pres.: F. S. Hecox, Secy.; W. H. Gray, Treas. DIRECTORS: T. H. Banfield, E. C. Sammons, W. H. Gray, T. Henry Boyd, Mansel P. Griffiths. GENERAL AUDITORS: Price, Waterhouse & Co., Portland, Ore. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Wed. in Feb. Number of Employees: Dec. 31, 1929, 400. CAPITALIZATION: Par Value Authorized (‘ommon Stock ...No Par 200 000 shs TOTAL ASSETS