INDUSTRIALS
Yu
I. MAGNIXN & (CO.
GENERAL OFFICE: Grand Ave. at Geary St., San Francisco, Calif.
HISTORY: Incorporated under laws of Delaware, Nov. 19, 1919, as successor to
a business founded in 1876 and originally incorporated under the present corporate
name in 1900.
BUSINESS: Sale at retail of women’s and children’s wearing apparel and accessories.
PROPERTY: Stores at San Francisco, Oakland, Hollywood, Pasadena, Coronado,
Del Monte, Montecito, Santa Barbara, Los Angeles (2), Calif.,, and Seattle, Wash.
DFFICERS: E. John Magnin, Pres.; Grover A. Magnin, First Vice Pres.; Mary
Ann Magnin, Vice Pres.; R. D. Carpenter, Vice Pres.; Samuel Magnin, Sec'y-Treas.
DIRECTORS: E. John Magnin, Grover A. Magnin, Mary Ann Magnin, Dean Witter,
Jesse W. Lilienthal, Jr., Samuel Magnin, R. D. Carpenter, Edwin Joseph.
GENERAL AUDITORS: Lester, Herrick & Herrick.
Fiseal Year Ends: Dec. 31. Annual Meeting: 2nd Mon. in April.
Number of Employees: 1.200.
EARNINGS
Net Income
After Tax
$477,966
570,084
522,556
777,025
788.041
Earned
Pref Stock Available for Per Share
dividends Com. Stock Com. Stock
531,899 1446,067 $1.56
24,342 545,741 1.91
22,956 599,599 2.10
20,970 756,055 2.65
81,652 706,385 2.44
TQ
Sales
5,980,564
1,225,263
"363,486
487,318
1.984.159
CAPITALIZATION, Ax of Dec. 31, 1929
Par Value Authorized
1. 6% Cum. Preferred Stock............. $100 15,000 shs
2. Common Stock .. vevereeewnnoNoO Par 500.000 shs
Outstanding
13.518 shs
290.101 shs
Il. 6% CUMULATIVE CONVFRTIBLE PREFERRED STOCK
annum since date of issue in 1928.
Transfer Agent: Wells Fargo Bank
& Union Trust Co., San Francisco.
Registrar: Anglo & London, Paris
National Bank, San Francisco.
Legal Opinion by: McKinsley Haber
Firebaugh for underwriters; Heller,
£hrman, White & McAuliffe for the
rompany.
Public Offering by: Dean, Witter &
oo Strassburger & Co., Oect., 1928, at
Listed on: I.0s Angeles Stock Exthange
and San Francisco Stock Exchange.
Price Rang
Provisions: Has preference as to assets
and dividends, cumulative from
Nov. 15, 1928, at rate of 6% per annum.
In voluntary liquidation entitled to $105
per share; involuntary, $100.
Callable: At 105 per share and accrued
dividend on 30 days’ notice.
Convertible: Into Common at the rate
of 3 shares of Common for each share
of Preferred up to and including Nov.
15, 1932; thereafter at 2% for one.
Voting Power: None unless dividends
are 2 years in arrears, in which
event Preferred stock holders may elect
board of directors.
Tax Status: Company pays normal
2% Federal income tax.
Dividends: Payable quarterly, Feb.
May, Aug... Nov. 15th. at rate of 6% per
High ....
l.ow
9 1928
_5 109
96 101
2. COMMON STOCK
Voting Power: Has sole voting Co. and Dean, Witter & Co., San Franpower.
cisco, April, 1925.
Dividends: Payable quarterly, Jan. Listed on: San Francisco and Los
de. aaRt, 33) AAT, 3) ask and 5¢ Angeles Stock Exchanges and traded
. 1928, 3 , 7 2. York C ixch )
Transfer Agent: Wells Fargo Ban oh New Yor arh Exchanae
& Union Trust Co., San Francisco. ire P---Registrar:
Anglo California Trus
“n., San Francisco.
Public Offering by: Strassburg
927 1926 1925
281% 2514 24
163% 19% 13
COMPARATIVE INCOME STATEMENT. Years Fp-in-Ne
Gross Sales ....oo.......... ee an
Cost of Sales. Expenses and Taxes
37,3.13
= n'oq3
Net Earnings _............
Preferred Dividends o.oo...
5
Nn
Balance ................ . eeemenaemeeneen——_
Preferred Shares Outstanding.............ocooooeiiiiiicoceirccccnns
Earned, per share Preferred...............ccoooiiioeiimoooeeeeaaacnnes
Common Shares Outstanding............c..coooviimiieeeeoeeeaeeeeeeenn
Earned. per share Commor Co
a
055
91
56
627
“AB
LW 2
40.100
29 44
