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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VIII. Industrials

Collection:: Economics Books

INDUSTRIALS SEATTLE TIMES COMPANY GENERAL OFFICE: Times Square, Seattle, Wash. HISTORY: Incorporated under laws of Delaware, Feb. 1, 1930, succeeding the Seattle Times, Inc, which was originally established by Col. Alden J. Blethen in 1896. BUSINESS: Publisher of the Seattle Daily Times, an evening newspaper, and the Scattle Sunday Times. Average daily circulation, 100,000 copies. Owns ex- clugive Associated Press franchise for evening daily service in Seattle. OFFICERS: CC. B. Blethen, Pres.; Elmer E. Todd, Vice Pres.; F. D. Hammons, Sec'y.-Treas. DIRECTORS: CC. B. Blethen, Elmer E. Todd, F. D. Hammons, Rae Kingsley Blethen, A. B. Colmary, A. P. Schweppe, Stanley N. Minor, Raymond R. Frazier, B. F. Ridder. GENERAL COUNSEL: Todd, Holman & Sprague. GENERAL AUDITORS: Price, Waterhouse & Co. Fiscal Year Ends: Dec. 31. Annual Meeting: 3rd Tues. in Jan. Number of Employees: 700. CAPITALIZATION, As of June 30, 1930 Par Value Authorized 7% Cumulative Preferred Stock.... $100 $1.000,000 Class A Stock...... veeeee-en.NO Par 20,000 shs Class B Stock.... .....No Par 1.000 BALANCE SHEET, As of Oct. 31, 1929 LIADRILLITIES ASSETS Associated Press Franchise....$3,960,398 Real Estate ... ceeeeee 141.545 Machinery & Equinmeni _.. 669,934 Accts. & Notes Receivable 410,122 Inventories ... 98,120 Cash ....... 84,653 Deferred Char 160.871 TOTAI., ASQR1 Funded Debt . ee..32.000,000 Preferred Stoc’ J00,000 lass A Stock. 300,000 Class B Stock... 141,555 Deferred Liabil’ 40,000 Notes Payable 260,000 Accts. Payable . 00,464 Accrued Taxes ..... 59,266 "Tnearned Revenue _. 14,358 TOTAL LIADILITIES .........855958643 $5 595 643 FUNDED DEBT, As of Feb. 1, 1930 Rate Dated Due Authorized 6%% 2-1-30 2-1-48 $2,000,000 Interest Payable: Aug. _. and Feb. ., at office of trustee. Trustee: First Seattle Dexter Hor- ton National Bank, Seattle. Registerable: As to principal. Denominations: $1,000 and $500. Callable: In whole or in part on any interest payment date on 30 days’ no- tice at 103 and accrued interest up to and including Feb. 1, 1942, and there- after at the call price, diminished by 15% each succeeding vear after Feh 1 1942, Sinking Fund: A cumulative semi- annual sinking fund of $95,000 will be deposited with trustee commencing on Aug. 1, 1930, to be applied in payment of interest and purchase of bonds in the open market up to the call price. In addition to this sinking fund pro- vision, proceeds from sale of certain other assets are to be deposited with trustee in event of sale of such assets, for purchase and redemption of bonds. The semi-annual sinking fund payment will retire the whole issue by maturity. Tax Status: Company pays normal Federal income tax up to 29%. Provisions: Corporation covenants that so long as any of these bonds are outstanding: (1) No mortgage or lien shall be placed on any property of the corporation excepting purchase money mortgages on after acquired property Outstanding $2,000,000 and excepting that, upon payment of $100,000 into the sinking fund, a lien 1ot exceeding 609% of the cost of real >state and buildings may be placed 1pon one of several tracts of real prop- rrty owned by the corporation. (2) WVith the exception of these Debenture 3onds the corporation will incur no in- lebtedness (other than purchase money nortgages or conditional sales on after icquired property) except in the usual rourse of business and maturing not ater than one year from date thereof. 3) That the corporation will not pay n any fiscal year any cash dividends ipon its Class A stock or Common stock or make provision for retirement >f any of its outstanding stock until t shall have first paid to the trustee, ‘unds sufficient to meet all interest ind sinking fund requirements under :aid Indenture for the current fiscal year and for the first interest and sink- ‘ng fund payment due in next suceceed- ing vear. Legal Opinion by: McMicken, Ram- say, Rupp & Schweppe and Todd. Hol- man & Sprague. Offered by: Dean, Witter & Co., Se- ittle, and First Securities Corp. and Wells, Dickey & Co., Minneapolis. Minn. Jan.,, 1930, at 981%. I[.isted on: Seattle Stock Fxchange.

Access restriction

Copyright

fullscreen: Thomson's manual of Pacific Northwest finance

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation