INDUSTRIALS
1A
Il. CLASS A STOCK
distribution of assets. Class A is non-
voting and non-callable.
Public Offering by: The company,
at $12.50 per share.
Number of Stockholders: 60.
B STOCK
Class A stock has been paid its $1.00
per share,
Number of Stockholders: 45.
Provisions: Has preference as to an-
nual cumulative dividend of $1 per
share. Entitled to $12.50 per share in
event of liquidation, after which parti-
cipates equally with Class B in further
2. CLASS
Provisions: Voting stock. Draws
$1.00 per share when and as declared
by the board of directors after the
WASHINGTON IRON WORKS
GENERAL OFFICE: 1500 6th Ave. So., Seattle, Wash.
BRANCH OFFICES: Portland, Ore.
HISTORY: Incorporated under laws of Washington in 1908, succeeding Wash-
ington Iron Works Co., established in 1882.
BUSINESS: Company manufactures stationary engines, both steam and Diesel,
steel castings, tractors, marine engines. Specializes in logging engines. Prod-
ucts are marketed in all Pacific Coast states and in the Orient.
PLANTS & EQUIPMENT: Company owns shops covering city block 600 x600 ft.,
located at 6th Ave. So. and Atlantic St., Seattle, with equipment for manufactur-
ing heavy engines, including electric steel furnace and cupola for cast iron, com-
plete boiler, pattern and forge shops.
MANAGEMENT: Gerald Frink, Pres. & Mgr.: Francis G
Sec'y.; C. F. Bridge, Treas. Directors: Same.
GENERAL AUDITORS: E. G. Shorrock & Co.
Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Sat. nn
Number of Employees: 450.
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized
-.. $100 5,000 shs
Transfer Agent: The company.
Registrar: First Seattle Dexter Hor-
ton National Bank.
Number of Stockholders: 40.
Listed on: Seattle Stock Exchange.
Price Range: 1929—High, 120.
COMPARATIVE CONSOLIDATED BALANCE SHEET, As of Dec. 31
ASSETS— 1929 1928
Plant and Equipment... reeemnensareeconeansnaroenennnenenne d 1,177,343 "1,193,307
Investments enema - 7,374 52,581
CASI eee eee eee eee 5,716 66,556
Notes and Accounts Receivable... £,989 £6,258
Inventories ....... eee etnenmemessessseeeeeesmeneneomomemmaan £01k 6,144
Patents ................. SHR pm 526 6,621
Deferred Charges .. f 246 92.496
TOTAL ASSET.
LIABILITIF
Capital Stock ..
Funded Debt ........ ..... eeemmanna-
Notes and Accounti3 I" "¥Y&. €coeeeeeeeecenr oo.
Accrued Interest. Taxes. Wages oo...
Reserves ............ Ce eeeeetoeecaceeceeeneemeepeeeeenan
Earned Surplus .....__
Donated Surplus ........
TOTAL LIABILIT'ES ieee.
"INDED DEBT, As of Dec. 31, 1929
First (Closed) Mortgage Rate Dated Due Authorized Outstanding
Serial Gold Bonds.................... 6% 7-1-23 7-1-3¢ $500,000 $260,000
Interest Payable: Semi-annually, Tax Status: Company pays 29% nor-
Jan. and July 1, at trustee's office. mal Federal income tax.
Principal Payable: $34,000 on July Security: Closed first mortgage on
I, each year 1924 to 1929, incl.: $33,000 all property of the company.
on July 1 each year 1930 to 1938, incl. Legal Opinion by: Peters & Powell,
Trustee & Registrar: First Seattle Seattle, Wash.
Dexter Horton National Bank. Offered by: Blyth & Co. Geo, H.
Registerable: As to principal only. Burr, Conrad & Broom, Union National
Denominations: $1,000, $500. Bank, Seattle, Wash., July, 1923, at
Callable: As a whole or in part on prices ranging from 99.62 for 1924 ma-
any interest date, on 30 davs’ notice, ‘urities to 95.25 for 1938.
at 102 Listed on: Seattle Stock Exchange.
