INDUSTRIALS

1A

Il. CLASS A STOCK
distribution of assets. Class A is nonvoting
 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 annual
 cumulative dividend of $1 per
share. Entitled to $12.50 per share in
event of liquidation, after which participates
 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 Washington
 Iron Works Co., established in 1882.
BUSINESS: Company manufactures stationary engines, both steam and Diesel,
steel castings, tractors, marine engines. Specializes in logging engines. Products
 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 manufacturing
 heavy engines, including electric steel furnace and cupola for cast iron, complete
 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 Horton
 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 maany
 interest date, on 30 davs’ notice, ‘urities to 95.25 for 1938.
at 102 Listed on: Seattle Stock Exchange.