INDUSTRIALS _

Dividends on preferred must be paid or
set aside for one year in advance before
 any dividends may be paid on the
Common stock. (6) No other stock
may be issued having priority or preference
 to this issue.
Callable: As a whole or in part at
110 and accrued dividend on 60 days’
notice.
Sinking Fund: Annual fund provided
 to purchase at least 39% of greatest
amount outstanding (11,615 shares had
been retired Dec. 31, 1929).

Voting Pewer: Elects majority ot
the board of directors in event that
three quarterly dividends have not been
paid. Otherwise non-voting.
Tax Status: Company pays normal
Federal income tax up to 29%.
Dividends: 79 per annum, payable
quarterly, Jan.,, Apr., July, Oct. 1: paid
regularly since date of issue in 1921.
Transfer Agent: Company's office.
Number of Stockholders: April 12.
1930, 352.

2. COMMON STOCK
Voting Power: Sole voting power, July 1, 1929; Jan. 2 and July 1, 1930.
axcept as stated under Preferred. Transfer Agent: Company's office.
Number of Stockholders: Apr. 12
1930, 1,052.
Listed on: Seattle Stock Exchange
June 3, 1930.
SHEET, As of

ASSETS-CASN

 eee
Marketable Securities ............._.. eememeeeraeee—————-Accounts
 and Notes Receivable... ........oiiiomnioenennn..
Due from Stockholders, etc. ..coeeeeeeeeeoeo. eeemeememneesemneenneeen
Due from Affiliated Companies... eee
Grain Advances ... AR EEE AE San sib em mu mn mn
[Inventories [

1,328,623
327,847
3,497,201
122,410
311,805
160,842
6.788.126

Total Current Assets.
Affiliated Companies ...... EASA A A rin Fm apm mg AES” SARS SA AAs
Due on Property Sold... ooo
Employees’ ReSIdeNCeS ooo eee .
Stocks and BONA S ooo eee eee eee
Insurance DePoOSIts ooo
StOCKhOlAers' NOLES ceiioi ieee eee
Deferred CRATEeS iii eee eee eee eee
Plants and Equipment... eetmermeaam——n———-Patents
 and Trade Marks...
TOTAL ASSETS .........
LIABILITIES —
Notes and Acceptances Pavable....._......
Accounts Payable ..............__..._..
Property and Income Taxes...........
Dividends Payable .... amen

2,..6,854
986,057
142,179
67,825
109,136
58,003
297,296
305,110
1,950,747
errrerrereeeeennes 2,200,000

1,598,623
,182,576
395,112
481.129

Total Current Liabilities........
Purchase Money Obligations. ee
Albers Bros. BONAS. eee eee
Contingency and Insurance ReServes cco
Minority Interest in SUDSIATATI®S eee
Preferred Stock .......... EEE ha EAS EA A Rn mr meni SS
Common Stock ..._.__.
Surplus

4,657,440
365,879
277,000
600,270
919,493
n25,600
27,250
£90 9275
398 828 207

TOTAT, LIARTILT.

)

~UNDED DER™. As of Dec. 31, 1929
Dated Due Authorized Outstanding
1-1-2% 1-1-4 $1,500,000 $1,277,000
$55,000 each; 1943, $60,000; 1944, $65,-000;
 1945, $70,000: 1946, $75,000: 1947.
$80,000.
Tax Status: Tax free against Calif.
pers. prop. tax 4 mills and Federal inrome
 tax, 2%.
Security: First mortgage on real
:state and equipment of Albers Bros.
Milling Co.
Offered by: Wm. N. Staats & Co..
[Los Angeles. 1928 at 100

Albers Bros. Milling
Ist Mtg, Gold Bongs.........._..__..._ A
Interest Payable: Jan. and July a,
at Trustee's office.
Trustee: Security-First Nat. Trust
Savings Bank, Los Angeles.
Registerable: As to principal.
Denominations: $500 and $1,000.
Callable: On any interest date at 102,
on 30 days’ notice.
Sinking Fund: May 1 each year, 1929-31,
 $30,000 each; 1932-34, $35,000 each;
1935-36, $40,000 each; 1937-38, $45,000
ach: 1939-40. $50.000 each: 1941-42,