Full text: Thomson's manual of Pacific Northwest finance

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THOMSON'S MANUAL 
PACIFIC STEAMSHIP TERMINAL COMPANY, Seattle, Wash. 
FIRST MORTGAGE 7% SERIAL GOLD BONDS 
Authorized eee... $2,500,000 
Unissued ...o..ooociiiiiiaaininnaeeane 1,000,000 
Retired ................. cee reaemeeeen 300,000 
Outstanding, June 1, 1930..........$1,200,000 
Dated: May 1, 1924. Due: Serially, 
1931-1944. 
Property: 29.52 acres of waterfront 
land and the first unit of a steamship 
terminal and office building. 
Lecation: On the central waterfront 
of the City of Seattle, on the former 
site of Skinner & Eddy shipbuilding 
plant No. 1. 
Security: First mortgage on land 
and improvements. Interest and amor- 
tization payable from rental paid on 
lease held by Pacific Steamship Co. and 
other mercantile companies. 
Maturities: $100,000, May 1, 1931; 
$50,000, Nov. 1, 1931; $50,000, each May 
1st and Nov. 1st up to and including 
May 1, 1943; $100,000, Nov. 1, 1943; 
$100,000, May 1, 1944. 
Interest Payable: May 1 and Nov. 1, 
at trustee's ofice. 
Trustee: First Seattle Dexter Horton 
National Bank, Seattle, and Anglo-Cali- 
fornia, Trust Co., San Francisco. 
Denominations: $1,000, $500, $100. 
Callable: By series, on any interest 
date on 30 days’ notice, at 100%. 
Tax Status: No deduction for normal 
Federal income tax. 
Mortgagor: Pacific Steamship Ter- 
minal Co. 
Offered by: Blyth and Co. May, 1924, 
at par 
THE PIEDMONT HOTEL, Seattle, Wash. 
FIRST MORTGAGE 614% GOLD BONDS 
Authorized ........o.oiiiiaeeiaennaeeee..-$265,000 ie March 1, each year: 1931, 
D : C1, 28: Due: ially, ,000 and increasing $1,000 each year 
JO: Mar. 1, 1925: Due: Serially to amd’ including March 1, 1940. 
Property: b5-story apartment-hotel, (317,000); 1541, $140,000. 
of fireproof reinforced concrete and Interest Payable: March, Sept. 1. 
brick construction, on lot 180x120 ft. ee 
i : Interest and Principal Payable: At 
Location: Summit Ave. and Seneca  ffice of W. D. Comer & Co. Seattle 
Sts., few blocks from the downtown © © ’ 
district, Seattle, Wash. Denominations: $100, $500, $1,000. 
Security: First mortgage on the land, : 
building, fixtures, and a lien upon the Mortgagor: Falworth Investment Co, 
equity in the furniture. Estimated Offered by: W. D. Comer & Co.. Se- 
value, $486,000. attle. 
PIKE PLACE PUBLIC MARKETS, INC., Seattle, Wash. 
7% FIRST MORTGAGE AND LEASEHOLD GOLD BONDS 
Authorized ...eeeeeeeeeeeceeeeeeeeneene- $375,000 
REGIred oooeeoeeeans ameneeeeeaeeeee 80,000 
Outstanding, Aug. 1, 19506..............$295,000 
Dated: Jan. 4, 1926. Due: Serially, 
1926-1938. 
15, 1928, $8,500; July 15, 1928, and Jan. 
15,1929, $9,000; July 15, 1929, and Jan. 
lj, 1930, $9,500; July 15, 1930, and Jan. 
5, 1931, $10,000; July 15, 1931, and Jan. 
3, 1932, $13,000; July 15, 1932, and Jan. 
5, 1933, $14,000; July 15, 1933, and Jan. 
5, 1934, $15,000: July 15, 1934, $16,000; 
an. and July 15, 1935, $18,000; Jan. 15, 
936, $19,000; July 15, 1936, Jan. 15, 1937, 
July 15, 1937. $15.000: Jan. 15, 1938, 
385,000. 
interest Payable: Jan. 15 and July 15. 
Interest and Principal Payable: At 
rustee’s office. 
Trustee: National Bank of Commerce, 
Jeattle. 
Denominations: $1,000, $500, $100. 
Callable: As a whole or in part in 
‘nverse numerical order on 30 days’ 
aotice, at any time at 102 up to and 
including Jan. 15, 1931; thereafter at 
EE to Jan. 15, 1936, and thereafter at 
100. 
Legal Opinion by: Messrs. Kerr, Mc- 
Jord & Ivey, Seattle. 
Offered by: Carstens & Earles, Inc, 
January, 1926. 
Offering Price: 100 to 100.86. 
Seeurity: Direct obligation of the 
company, and guaranteed by Arthur E. 
Goodwin. Secured by (1) a first mort- 
gage on the 5-story Pike Place Market 
Building owned in fee, located at Pike 
Street and Pike Place; (2) first mort- 
gage on a leasehold and building of the 
Municipal Market, connected with Pike 
Place, such lease extending with cer- 
tain restrictions to 1971; (3) pledge of 
the lease extending to Aug. 31, 1936, 
on the Economy Market Building, lo- 
cated at First Avenue and Pike Street; 
(4) contract with the City of Seattle 
extending to Sept. 20, 1936, which gives 
the company certain rights including 
use of sidewalk in front of the Pike 
Place Market; and a further pledge of 
capital stock of the Public Market & 
Department Stores Co. Properties ap- 
praised at $630,000. 
Maturities: July 15, 1926, and Jan. 
15 1927. $8.000: July 15. 1927, and Jan.
	        
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