Thomson's manual of Pacific Northwest finance

Bibliographic data

Monograph

Identifikator:: 1838857176

URN:: urn:nbn:de:zbw-retromon-229226

Document type:: Monograph

Title:: Thomson's manual of Pacific Northwest finance

Place of publication:: Seattle

Publisher:: Thomson's Statistical Service

Year of publication:: 1930

Scope:: XXX, 487 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VII. Finance

Collection:: Economics Books

IN ANC ELDRIDGE SECURITIES CORPORATION GENERAL OFFICE: 802 E. Pike St., Seattle, Wash, HISTORY: Incorporated under laws of Washington in 1920. BUSINESS: Specialized financing — the purchase of receivables originating through the distribution of automobiles sold on the installment payment plan. OFFICERS: A. S. Eldridge, Pres.; F. J. Cook, Treas.; W. E. Eldridge, Secy.: R. M. Lindsey, Mgr.; F. J. Fenton, Vice-Pres. DIRECTORS: A. S, Eldridge, F. J. Cook, J. G. Fenton, G. A. Purdy, Corwin S. Shank, all of Seattle, Wash. GENERAL COUNSEL: Shank Belt Fairbrook & Rode, Seattle, Wash. GENERAL AUDITORS: S. F. Racine & Co., Seattle, Wash. Fiscal Year Ends: Dec. 31st. Annual Meeting: May 8th. CAPYFR+~ V7 ATPION, As of Dec. 31, 1929 “r Value Authorized * 50 $5,000,000 2100 $ 500,000 «uv Par 250,000 Shs. 1. Class A 7% Pref. Stoc.. 2. Employees Pref. Stock... 3. Common Stock 1. CLA 3 A ‘9% PREFERRED STOCK Provisions: Preferred as wo dividends since originally issued. and as to assets in case of liquidation. Transfer Agent: Metropolitan Na- Fully paid and non-assessable. tional Bank. Callable: Non-callable. Registrar: First Seattle Dexter Hor- Voting Power: None. ton National Bank. Tax Status: Company pays 2% nor- Public Offering: 5000 shares by First mal income tax. Seattle Dexter Horton Securities Co., Dividends: 79% paid semi-annually. June, 1929, at Par. Tune 30 and Dec. 31. on all outstanding Listed on: Seattle Stock Exchange. 2. EMPLOYEES 7% CUMULATIVE PREFERRED STOCK Provisions: Cumulative as to 7% Tax Status: Company pays normal dividends and participates with com- income tax up to 2%. mon stock. After 7% paid on common Dividends: 109% per annum, payable stock in any one year, additional divi- semi-annually June 30 and Dec. 31, paid dends shall be distributed on basis 34 on all outstanding since originally is- to employees stock and 2 to common, sued. provided employees shall receive no Transfer Agent: Metropolitan Na- more than 10% in any one year. tional Bank, Seattle, Wash. Callable: At 110 on any dividend pay- Registrar: First Seattle Dexter Hor- ing period. - tn Nat. Bank, Seattle, Wash. Voting Power: None. Date Offered: 1921: Price: $100. 3. COMMON STOCK Provisions: Has full voting power. Publie Offering by: First Seattle Dividends: Paid regularly June 30 Dexter Horton Securities Co. During and Dec. 31. January, 1930, only, at $9.00, to all pur- Transfer Agent: The Company. chasers of Class “A” 79% Preferred— Number of Stockholders: 25 one share with each share of preferred. EARNINGS Year 1924 _..... 1925 .. mee L928 iiivitiiinmmaneon ne eomeremrsnsensse— tn LO eee 19: .._... 1929 Operating Exp. Res Gross Income Ts» a" Misc. 82,620 ° 8 70,981 : 2 804 15,497 111,221 200 701 Net Int. and Div. T 40,422 £7,749 © +,755 t.. "00 87,.76 05 524 FUNDED DEBT, As of Dec. 31, 1929 Guaranteed Convertible Rate Dated Due Gold Debentures ....... __........ 6% 4-15-28 4-15-38 Interest Payable: Apr. and Oct. 15th, by trustee. Trustee and Registrar: Metropolitan Nat. Bank, Seattle, Wash. Callable: As whole or in part on 30 days’ notice, April 15, 1929, to April 15, 1931, at 103; thereafter to April 15, 1933, at 102; thereafter to April 15, 1937, at 101; thereafter at 100. Convertible: Into Employees 7% Pre- ferred Stock on any interest date, on basis 10 shares of stock for each $1000 debenture. Sinking Fund: Trust Indenture pro- vides $25,000 per annum be reserved semi-annually, beginning Oct. 1, 1928, to purchase debentures, if obtainable, at or below 100%, unexpended balances at end of each six months to be avail- Author. Outstdg. $250,000 $250,000 able for corporate purposes. Security: Debentures unconditionally guaranteed, principal and interest, by A. S. Eldridge, Pres. of the Eldridge Buick Co. and Eldridge Securities Corp. Company will not hypethecate any as- sets nor mortgage any property with- rut first securing these debentures ‘atable therewith. Company agrees not .0 create any indebtedness which will nake its total aggregate borrowings n excess of four times its total net ‘apital worth. Legal Opinion by: Howe & Graham, ‘or the bankers; Shank & Bell & Fair- srook for the company. Offered by: First Seattle Dexter Hor- ton Securities Co., November, 1929, at Dar

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