PUBLIC UTILITIES 
DETAILS OF STOCK 
1. $3 CUMULATIVE PRIOR PREFERRED STOCK 
Provisions: Has preference as to Transfer Agent: Stone & Webster 
cumulative dividends and as to $100 Service Corp., Boston; First Seattle 
per share in even of liquidation. Dexter Horton National Bank, Seattle. 
Callable: At $110 per share any time. Registrar: Old Colony Trust Co. 
Voting Power: All classes have equal Doston; Pacific National Bank of Seat- 
voting power. tle, Seattle. 
Tax Status: Dividends are exempt Public Offering by: Stone & Webster 
from Mass. income tax. and Blodget, Inc.,, and Estabrook & Co., 
Dividends: From July 16, 1928, regu- New York, and Parkinson & Burr, Bos- 
lar dividends, $5 per annum, paid quar- ton. 
terly Jan., Apr., July, Oct. 15. Date Offered: May, 1928. Price: $96. 
2. $6 CUMULATIVE PREFERRED STOCK 
Provisions: Entitled to 100 per share Service Corp., Boston; First Seattle 
in liquidation after Prior Pref. has re- Dexter Horton National Bank, Seattle. 
ceived $100. Takes second preference Registrar: Old Colony Trust Com- 
as to $6 cumulative dividend annually. oany, Doston: The Pacific National 
Callable: At 125 at any time. Bank of Seattle 
Voting Power: All classes have equal to 
voting power. i Legal Opinion by: Gaston, Snow, Sal- 
Tax Status: Dividends are exempt ‘onstall & Hunt, of Boston. 
from Mass. income tax. Listed on: Seattle Stock Exchange, 
Dividends: Initial dividend of $1.50 New York Curb. 
per share on new no-par stock paid Price Range: 1929—High, 101%; Low, 
April 15, 1925. Regular dividends paid 98; 1928—High, 105%: Low, 92: 1927— 
thereafter quarterly, Jan. 15, etc. High, 921; Low, 831%; 1926 — High, 
Transfer Agent: Stone & Webster 84%; Low. 82. 
3. $1.50 JUNIOR CUMULATIVE PREFERRED STOCK 
Provisions: Has third preference as regular dividends paid quarterly Jan., 
to dividends and $25 per share in liqui- Apr., July, Oct. 15. 
dation. Transfer Agent: Stone & Webster 
Callable: At $27.50 per share. Service Corp., Boston: First Seattle 
Voting Pewer: All classes of stock Dexter Horton National Bank, Seattle. 
have equal voting power. Registrar: Old Colony Trust Co. 
Tax Status: Non-taxable in Mass. Boston; The Pacific National Bank of 
Dividends: Beginning Jan. 15, 1929, Seattle. 
4. COMMON STOCK 
Voting Power: All classes of stock Transfer Agent: Stone & Webster 
have equal voting power. Service Corp. Boston; First Seattle 
Tax fats Jou-taxanie In Nass. 15 Dexter Horton National Bank, Seattle. 
Dividends: ommon pai pri 
31 per share, July 15 $1 per share, Oct. Registrar: Old Colony Trust Co., 
15 $1 per share, now $4 per share per Boston; The Pacific National Bank of 
vear Seattle. 
COMPARATIVE INCOME STATEMENT, Years Ending Dec. 31 
1929 raz 
- cr onr 
Gross Revenue ................ . 
Operating Expenses and Taxes 
1927 
1,925,481 
564 666 
Net Earnings ..... 
Other Income .... 
Total Income .................... 
Interest. Amortization. Etc. _. 
Net Income .................... 
Prior Preferred Dividends . 
Preferred Dividends __.............. 
Common Dividends ....................._. 
Survlus for the year... .................p 689.801 
COMPARATIVE CONSOLIDATED BALANCE ~~ ['&=% 
ASSET» — 1929 
Plant and I’roperty............ccccccce.......$104,929,087 
Investment in Subsidiary CoS............. 1,966,468 
Cash ............. een. 1,625,399 
Notes Receivable ..... 124,508 
Accounts Receivable .......... 3,222,806 
Materials and Supplies ',125,408 
Prepayments .._............... 278,768 
Miscellaneous Investment © .... ........... .. 297,730 
Sinking Funds o.oo... 879,973 
Seattle Street Ry. Bonds...... “2¢ 000 
Special Deposits ......ooooooeeoe £62 
Unamortized Debt Discount & Expense on 
Unadjusted Debits ... 
Securities 
“0,007 
24,690 
75,699 
‘07,352 
.,000 
© ar 
RE 
58.100 
[hy 
TOTAL, ASSET 
1199 986 EGF 
2130.4R2 E1492 
,67 
~ ¢J Dee. 
toed 
1,280,398 
1,116,205 
,,776,015 
55,207 
972,886 
"23.455 
11,713 
1,929 
,2.1,292 
vi 02,000 
3,327 
TCTF 
«4 
1) 
1199 979 KAT