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and Subsidiaries
LIABILITIES
CURRENT LIABILITIES Bank Loans Payable
Accounts Payable
Accrued Expenses and Charges
Long-Term Debt Due Within One Year
Estimated Federal, State, City, District and Foreign Taxes on Income—
(Based on Separate Returns of the Consolidated Companies) (Note 3) $ 8,174,918.81
Less: U. S. Treasury Tax Notes—(At Cost) 550,000.00
Other
Total Current Liabilities
LONG-TERM DEBT (Note 4) Mortgage Bonds and Notes $42,712,145.77
4% Debentures 4,920,000.00
2% Debentures 1,500,000.00
AY2% Fifteen-Year Convertible Debentures 6,815,900.00
5% Sinking Fund Subordinated Income and Subordinated Debentures,
Net of Debentures in Treasury 1,688,768.80
Installment Purchase Agreements and Notes Payable 16,957,840.00
Contract Termination Settlements 427,791.66
$75,022,446.23
Less: Amounts Due Within One Year—(Above) 4,033,914.96
Total
DEFERRED INCOME Unrealized Profit on Sale of Properties $ 8,586,918.68
Other 67,696.53
Total
RESERVES—SUNDRY
MINORITY INTEREST
CAPITAL STOCK AND SURPLUS Capital Stock—(Note 5)
Cumulative First Preferred, Issuable in Series, Par $100.00;
86,100 Shares Authorized
Issued and Outstanding:
52,900 Shares 5% "Series A", Excluding 7,820 Shares Held in Treasury. . . $ 5,290,000.00
25,340 Shares 4%% (Convertible), "Series B" 2,534,000.00
Common, Par $5.00; 4,000,000 Shares Authorized; 63,350 Shares Reserved for
Conversion Privileges of 4%% First Preferred Stock (Convertible) "Series B",
at Conversion Price of $40. per Share; 156,687 Shares Reserved for Conversion
Privileges of 4J^% Fifteen-Year Convertible Debentures at Conversion Price
of $43.50 per Share; 1,944,267 Shares Outstanding (Including 224,028 Shares
in Treasury—See Below) 9,721,335.00
Common Stock Scrip 151.89
Total Capital Stock $17,545,486.89
Surplus
Capital Surplus $15,689,532.05
Earned Surplus 29,966,364.04
Reserve for Contingencies 500,000.00
Total Surplus $46,155,896.09
Total Capital Stock and Surplus $63,701,382.98
Deduct: Common Stock in Treasury—224,028 Shares—(At Cost) 3,400,610.92
COMMITMENTS AND CONTINGENT
LIABILITIES (Notes 6 and 7)
TOTAL LIABILITIES
235,547.88
8,435,546.23
8,507,297.28
4,033,914.96
7,624,918.81
635,423.96
$ 29,472,649.12
70,988,531.27
8,654,615.21
395,246.55
97,604.47
60,300,772.06
$169,909,418.68
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