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 amortization
 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-California,
 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 Terminal
 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.. Sevalue,
 $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 mortgage
 on the 5-story Pike Place Market
Building owned in fee, located at Pike
Street and Pike Place; (2) first mortgage
 on a leasehold and building of the
Municipal Market, connected with Pike
Place, such lease extending with certain
 restrictions to 1971; (3) pledge of
the lease extending to Aug. 31, 1936,
on the Economy Market Building, located
 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 appraised
 at $630,000.
Maturities: July 15, 1926, and Jan.
15 1927. $8.000: July 15. 1927, and Jan.
            
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