THE MORNING OREGONIAN, SATURDAY,' JUNK 13. 1918.
JULY SUPPLY ASKED
Government Calls for Bids on
Potatoes and Onions.
I Spokane, Wash. . . 15
Tacoma, Wash. . . 4
Various 424
86 132
42
CAMP LEWIS NEEDS LARGE
Tenders AVill Be Received by Quartermaster-General
tTntil June 2 0.
Successful Bidders Will Be As
sisted in Getting Cars.
Ths Quartermaster-General hu Issued a
call for quotations on potatoes and onions
for use In Army camps during tha month
of July. Camp Lewis will rnquire a larger
quantity than any other camp In the coun
try. Bids will be received until June 20.
according to a circular Issued yesterday by
K. Li. Ringer, of the local office of the
.Bureau of Markets.
The amounts listed below are only approx
imate, and the right Is reserved to In
crease or decrease these quantities 10 per
rent, as the needs of the various camps may
require. All quotations must be on the
basin of per 100 pounds delivered at camp,
subject to inspection and acceptance at
that point. Payment will be made by the
Individual camp Quartermaster on the basis
of net weight at time of delivery, and will
be made promptly on the receipt of cars.
Proposals for the whole or for any part of
these requirements will be considered. Quo
tations should be made for each camp sep
arately, and must include delivery to points
specified at such times and in such quan
tities as the respective camp Quartermaster
may direct.
In view of the car situation, the Quarter
- master's office will assist the successful
btaders in placing cars, provided they are
unable to secure an adequate number them
selves. It Is the understanding that con
tractors shall make every effort to secure
cars.
The following are the approximate potato
and onion requirements, in pounds, at the
various camps during the anonth of July,
on which bids are asked:
. Potatoes.Onlons.
Bost. Dpt.. Cambridge Mass. 170,000 5.500
Camp Devens, Mass 900.000
Kort Adams, Newport. R. I. 000.000
I"t. Preble. Portland, Me 110,000
Cp. Merritt, Dumont, N. J 5,000
Cp. Upton. Long Isld., N. T. 700.000
Cp. JDlx. N. J. .7 1,000,000
Cp. Mills, Garden City. L. X.. 400.000
Aviation Sup. Dept.. U. X. . . 200,000
Cp. Meade. Md. 800,000
Cp. Lee, Va 800,000
Cp. Grant. Ill 1.000.000
Cp. Sherman. Ohio SS-S2
Cp. Custer, Mich BOO.OOO
cp. Doniphan, Ft. Sill. Okla. 140.000
Cp. Taylor, Dumesmil. Ky. .. 850.000
Cp. Pike. Ark 2'222
Cp. Funston, Ft. Riley. Kan. BOO.OOO
Omaha. Neb.. Depot S2-222
Cp. Dodge. Dodge. La. 22' 222
Cp. Greene. N. C ?I'222
Cp. Jackson, S. C B92 P22
Cp. McClellan, Ala. 4ll2'222
Cp. Wheeler. Ga. J22'222
Cp Gordon. Chamblee, Ga.. . 600.000
Cp' Hancock. Wheless. Ga.. . BOO.OOO
Cn Wads-worth, Calvert, S. C.1.000.00O
H,.rl. S. C 250.000
Cp. Shelby. Miss. 20.000
Cn Trabls. San Antonio, Tex 590.000 40.000
cp. Arthur. Tex.
Cp. Bowie. Tex BOO.OOO
cP. Logan. Tex J"2'222
KI Paso. Tex.. Depot 700.000
cp. codV. n. m. 222-222
Cn Kearnev. Cal BOO.OOO
Cp. Fremont, Menlo Pk
50,000
20,000
6.500
20,000
70.000
30.000
20.000
ao.ooo
60,000
75.000
75.000
20.000
50.000
10.000
40,000
35.000
S0.000
30,000
15,000
30.000
20.000
40.000
60.000
10.000
75.000
25.000
40,000
40.000
40.000
50,000
Cal 650.000
t Am. Lake, wasn.i.uiiu.uiiu liu.oyv
Tefferson Barracks. St. Louis 150.000 12.000
Camo jShP?on7 Yukon. Fla.. 300,000 25.000
CATTLE SUPPLY HEAVY
TWENTY LOADS ARB RECEIVED
FROM CALIFORNIA POINTS.
Totals 150 18H5 428 81 254
One week ago 1372 1501 407 83 311
Four weeks ago.. .1645 1068 604 89 247
fetate origins of livestock loaded June Id:
For Portland-
California 5
Oregon 7 7 38 .. 4
Washington 1
Totals Portland, lit
One week ago.... - 12
Four weeks ago.. 10
For Seattle
California 12
Oregon ........... 1
Totals Seattle... 13
One week ago..... 7
tour weeks ago... 5
7 ' 36
4
4
10
1
Chicago Livestock Market.
CHICAGO. June 14. Hogs Receips, 20.-
00O. Strong: mostly lOc above yesterday's
average. Bulk, S18.305 16.60: butchers.
1A.S5616.55: packing. tltta.18.S5; light,
S16.5516.70; rough, 15.5015.75; pigs,
l6.2516.75.
Cattle Receipts. 5000, steero stready to
strong: few on the market. Beat, 17.80;
butchers' stock, slow to lower, quality poor;
calves steady.
Sheep Receipts, 7000. Slow to unevenly
lower. Heavy sheep hardest hit and drug on
the market: good big weight ewes, S13.&0.
Omaha Livestock Market.
OMAHA. June 14. TTos-h Rr.4niii onn
Market 16c higher. Heavy, f 16.30l.4O;
mixed. 1S.35Q 16.45: light. tl4oa.l.75:
pigs. fl2016; bulk of sales, $18.3516.4..
Cattle Receipts. 1500. Market steady.
NatiVA itflffriL Sl2ftn?,1R. - k.f.n
t9.7515.50; Western steers. 9.73g 14.75:
Texas steers, JD12.73; range cows and
heifers, $7.509.50; canners, tS 0 9.75; atock
ers and feeders, t7.B0 12.75; calves, 8ig
13.25; bulls, stags, etc.. tSlV
Sheep Receipts. 6O00. Market steady.
Tearllngs. 1617.S0; wethers. 14.508 16.75;
ewes, tlllS.BO; lambs, $16 20.60.
CHANGES CAUSE LITTLE COXFCSIOJf.
Business Readily Adjusts Itelf to Nnr
Government Restrictions.
NEW YORK, June 14. Dun's Review to
morrow will say:
Great fundamental chinrtL .fr.i i ki.
domestic and foreign commerce, are of fre
quent occurrence and cause considerable hes
itation, dui less unsettlement and confusion
than might have been expected. Close co
operation between private Interests and rep
resentatives of the Government, promptly ef
fected wherever the occasion requires it.
renders the many economic adjustments eas
ier of accomplishment, and the absence of
conspicuous disturbance in any quarter con
tinues a gratifying and reassuring feature.
That the centering of energies in the vig
orous prosecution of the war Impliea tlll
tighter restrictions on ordinary operations,
there has been clear recognition and scarcely
a weak passes without the development of
some action having a large bearing oa the
future course of business.
Weekly bank clearings were 15,311,259.917.
Coffee Futures Steady.
NEW TORK, June 14. Coffee futures
were steady today. Prices opened at an
advance of 1 point, and the market closed
at a net advance of 2 to 3 points. July
sold up from 6.01c to 8.04c, while May held
around 8.85c. July, 8.03c: September. S.15c;
October. 8.21c; December, 6.36c; January,
8.41c: Mann. 8.33c: May. 8.60c
Spot coffee irregular; Rio 7s, 8c: San
tos 4s, 10-s&llttc.
Haying In Lane County.
- JUNCTION CITY, Or.,, June 13. 'Spe
cial.) Haying ts In full swing In Northern
Lane County. Due to weather peculiarities
the yield is only one-third the customary
amount. Hay is selling for $20 in the field.
The vetch crop is suffering greatly from
an attack by aphis and only a small amount
of the crop will be harvested.
'aval Storen.
SAVANNAH, June 14. Turpentine firm,
534c; receipts, 45 barrels; sales, 381 bar
rels; shipments. 51 barrels; stocks. 23,852
barrels.
Rosin firm, sales. S34 barrels: receipts,
824 barrels; shipments. 4 barrels; stock,
95,295 barrels. Quote: B. t8.B5B9: D, E.
F. G. H. L. $: K. t.05; M. 0; N. t9.05;
WG. 9.25; WW. t9.35.
Wool Programme Being Enlarged.
BOSTON. June 14. The Commercial Bul
letin win say tomorrow:
"The new clip domestic wools ara be
ginning to arrive In the Eastern markets
and valuations have already been started
In order to give the mills supplies as rapidly
ss possible. In this connection, the Gov
ernment programme is being enlarged to
meet the needs of the situation."
Chicago Dairy Prod lire,
CHICAGO, Juno 14. Butter unchanged.
Eggs higher. Receipts, 13.295 cases; firsts,
30V33ic; ordinary firsts. 2630Hc; at
mark, cases included. 290 32c per dosen.
With Increased Run, Market Declines
25 to 35 Cents Sheep Lower
With. Poor Demand.
The cattle market took a turn for the
wnme vxtsidiv. Twenty-three loads were
i:ved at the North Portland yards, of
-which 20 loads came from California. As
consequence of the largely Increased supply
.V, market Went off 25 tO 35 Cent.
chtpn were also weak and averaged B0
nrs lower as a result of the - restricted
demand. The hog market continues steady.
ReeelDta were 920 cattle. 21 calves, 471
lirvu. and 21 sheen. Shippers were:
with hoss Edward Bros.. Monroe, 1 load.
With cattle A. F. Hunt, Merced, Cal., 9
loads; D. E. McCarty, Corning, Cal., loads:
W. G. Russell, 2 loads; L D. Luce, 4 loads;
O. E. Gorsline, Tehama, Cal., 1 load; M. M.
Hoctor, Goldendale, 1 load; G. Applebaum,
Pomeroy, 1 load; G. Hlldebrand, Condon, 1
load.
With mixed loads Frank Wann, Mount
Angel. 1 load cattle, calves and hogs: C R.
Donaldson, Monitor, 1 load cattle and hogs;
.lames Madison. Cambridge, Idaho, 1 load
rattle and hogs; O. E. Butterlck. Dodge,
Wash., 3 loads cattle, calves and hogs; G.
W. Eyre, Salem, 2 loads cattle, hogs and
sheep; H. Waggemer, Sutherlin, 1 load cat
tle, calves and hogs; Hout A Snodgrass,
Lebanon, 1 load cattle, hogs and sheep.
The day's sales were as follows:
Wt Price.! Wt. Price.
4S5 t6.00il39 hogs 26416.50
u.50: 30 hogs.... I s ln.ixj
8.001 43 hogs...
9.501 lOhozs...
11.00! 47 hogs. ..
u.ooi 15 bogs...
12.001123 lambs..
6.00! 3 yearlg'
9.1)0!
10.00!
6.001
5.001
4.751
8.0W
9.001
5.75
S steers. .
8 cows. . . . 9S8
4 heifers.. 785
: cows ...1110
OP0
860
. .1205
. . 604
. . !50
..1010
.. 157
.. 720
550
S00
810
614
625
910
16 ewes.
1 wether..
25 steers . .
1 cow . . .
4 bulls ..
2 bulls. ..
2 bull's ...
64 hogs
2 hogs. ...
4.00! 97. hogs....
4.25! 7 hogs... .
5.001 5 hogs... .
5.0OI 17 hogs....
6.50! 47 hogs... .
9.251138 hogs....
0.251 13 lambs.. .
12.001 37 lambs...
7.001 13 ewes....
8.001 2 yearl'gs.
at tha local yards
173
117
213
127
72
116
118
140
1120
1340
1660
93)0
1275
215
255
197
192
IPS
340
390
187
74
61
90
110
1150
15.25
16.50
15 60
15.00
9.00
7.50
8.50
11.70
7.50
7.00
6.00
6.75
16.50
14.50
16.50
16.40
15.75
13.50
15.50
16.50
15.00
14.25
5.00
10.00
1 heifer
7 steers.
5 steers
7 cows. .
1 cow . . .
9 cows .
4 colvee. ..
1 steer. . ..
1 heifer. ..
8 rows. . . .
1 heifer. ..
10 mixed. ..
21 cows. . . .
4 cows. . . .
1 cow S!W
7 cows .... 825
9 steers... 470
8 cows. ... 715
1 steer .. .1010
14 steers... 850
7 steers . .1070
12 steers. .. D90
3 cows .. .1005
14 hogs.... 198
Prices current at tha local yards are as
follows
Cattle Prices.
Prime steers tilt. 50 3 14.50
Good to choice steers 12.50913.50
Medium to good steers 10. 50(3 11.50
FbIi to medium steer lO.OOfl 11.00
Choice cows snd heifers 10.50311.50
Med. to good cows and heifers.. 7.003 9 00
cannera S.50 B 00
Bulls 7.00 9.00
Cal-es S.0011.00
Hogs
rrime mined 16 50? 16.65
Medium mixed 16.35&16.5o
Hough heavy 15 5H&13.A5
Pigs 15.23 515.50
Sheep
Kas-t-of-mountain lambs........ 13.5011600
Vailev lambs 15.no j 13.50
"Yearlings 0.00410.00
Wethers 8 50 9.50
Kives 5.00 gi 8.00
DESTINATIONS OF STOCK LOADED
Shipments En Route to Leading Livestock
Markets of Country.
Destinations of livestock loaded June 13.
(Double decks counted as two cars.)
Cattle, Horses, Mxd
Calves Hogs Sh'p Mules St'k
Aupun, .uinn. .... m.
Maltlraore, Md. ... 4
Boston, Mass. .... 5
Buffalo. Y 21
Chicago. Ill 231 282 71
14 1
8
4
Cincinnati. O.
Cleveland. O.
Cudahy. Wis.
Denver. Colo. ..... 11
Detroit, Mich 4
F.ast St. Louis. 111. 27
Fort Worth, Tex.. 81
Indianapolis. Ind.. 17
Jersey City, N. J. 17
Kansas City, Mo.. 98
Los Angeles. Cal... 12
Louisville. Ky 2
Milwaukee, Wis... 9
Nashville, Tenn... 1
New York. N. T . . . 98
Ogden. Utah
Oklahoma City ... 25
Omaha, Neb 84
Philadelphia. Pa.. 19
Pittsburg. Pa. .... 41
Portland. Or 13
St. Joseph. Mo 42
fralt Lake City.... 4
St. Paul. Minn.... 4S
San Francisco, Cal. 83
Seattle. Wash. ... 18
29
18
46
25
282
14
26
62
12
18
7S
42
12
115
3
V
19
I
28
" "a
108
21
12
7
44
"87
7
1 11
6 a
7
1 15
13
3
16
10
1
31
ia
40
9
7
25
"is
6
3
1
Armour & Company
6 Serial Convertible
Gold Debentures
Dated June 15, 1918
Denominations $1000,
$500, $100
Interest payable June 15 and December 15. Convertible on
and after September 1, 1918, into 7 cumulative preferred
etock.
As members of the underwriting syndicate we invite sub
scriptions early to insure full allotment. Subscription books
will close Tuesday, June 18, at 10 A. M., or earlier, without
notice.
Subscriptions received at prices to yield as follows:
One-year maturity.,
Two-year maturity 1M
Three-year maturity 74 c
Four-year maturity 714
Five-year maturity 4 lkr;.
Six-year maturity l . 714
Federal income tax not exceeding 2 to be paid 'l .c
company. ' ' . . '
LUMBERMENS TRUST COMPANY
MO
RRIS
BROTHERS. Inc
Established 25 Years.
201 Railway Exchange Building.
Portland, Oregon.
THE PREMIER MUNICIPAL BOND HOUSE OF OREGON
. Me Buy and Sell Liberty Bonds at the Market.
If you must SELL your Liberty Bonds, SELL to US. If you can BUY more Liberty Bonds, BUY from US. We BUY and we SELL at the market.
The New York Market closed the week ending Wednesday, June 12, 1918, as follows:
3Hs 1st 4s 2d 4s 4 Us
99.70 93.66 93.84 96.14
99.64 94.60 94.36 96.52
99.68 94.94 94.94 97.30
99.90 94.70 94.86 97.00
99.63 94.92 94.78 96.82
99.68 94.66 94.66 96.70
GOVERNMENT AND MUNICIPAL BONDS
Rate.
4,000 fNorth Bend, Oregon, Imp 6
1,000 'Astoria, Oregon, Water 5
462 fAstoria, Ore., Imp. Ser. No. 10 6
461 fAstoria, Ore., Imp. Ser. No. 11 b
500 fAstoria, Ore., Imp. Ser. No. 12 6
1,383 fCity of Cornelius, Ore., Imp... 6
1,000 fCity of Cornelius, Ore., Imp... 6
500 f Athena, Oregon, Water 5
2,000 Ontario, Ore., Waterworks.... 6
2,000 " " " 6
5.000 " " " 6
5,000 " " " 6
5,000 " " u 6
5,000 " " " 6
5,000 " " " 6
5,000 " " " 6
2,000 " " " ...... 6
5,000 Port of Toledo, Oregon 5
9,000 " " ' 5
10,000 " " " 5
10,000 " " " 5
10,000 " " " 5
10,000 " " " 5
Maturity, Price. Yield.
J&D 1923 103.04 5.40
J&J 1937 100.00 5.00
F&A 1923 103.04 5.30
F&A 1928 104.50 5.40
F&A 1919 100.72 5.25
J&J 1920-28 To Net 5.50
J&J 1920-2S To Net 5.50
F&A 1915-25 100.00 5.00
M&S 1929 104.22 6.50
M&S 1930 104.48 6X0
M&S 1931 104.72 5.50
M&S 1932 104.95 5.50
M&S 1933 105.17 5.50
M&S 1934 105.38 6.50
M&S 1935 105.57 5.50
M&S 1936 105.76 5.50
M&S 1937 105.94 5X0
J&D 1922 98X8 5.40
J&D 1923 98.27 5.40
J&D 1925 97.69 5.40
J&D 1927 97.18 6.40
J&D 1928 96.94 5.40
J&D 1929 96.71 5.40
1,000
15,000
15,000
15,000
15,000
15,000
15,000
3,000
6,000
5,000
13,500
4,000
1,000
20,500
S.000
16,000
1X00
25,000
17,000
500
500
41,000
City of Prineville, Oregon, Imp.
Nez Perce Co., Ida. Highway..
Rate.
Port of Toledo, Oregon 5
'Port of Newport, Oregon 5
5
" " 5
5
5
5
6
6
6
6
6
6
5
6
5
5
5
5
5
5
Maturity,
J&D 1930
J&D 1923
J&D 1924
J&D 1925
J&D 1926
J&D 1927
J&D 1928
J&D' 1924
J&J
J&J
1933
1934
f Couer d'Alene, Ida., Refdg. . . .
Newdale, Idaho, Water
f Ucon, Idaho, Water .'.
-Province of British Columbia.
Victoria, B. C, Gold Bonds...
fCity of Victoria, B. C
Gov'nment of the Dominion of
New Foundland Gold Bonds....
City of Edmonton, Alberta....
6'i
6
M&S 1924
J&J 1927
J&J 1937
A&O 1928
M&S 1928
A&O 1919
M&S 1920
A&O 1920
A&O 1921
M&N 1922
M&S 1925
J&D 1928
M&S 1920
Price. Yield.
96.50 5.40
98.27
97.97
97.69
97.43
97.18
96.94
100.00
To Net
To Net
S3 To Net
87 100.00
100.00
90.81
93.92
97.96
96.21
96.33
94.82
93.62
S9.57
5.40
5.40
5.40
5.40
5.40
5.40
6.00
5X0
5.50
5.25
6.00
6.00
6.25
6.85
6.85
6.85
6.S5
6.85
6.85
6.85
100.00 6.50
99.08 6.50
3,000
The above bonds are direct liens of the municipalities issuing same.
fDenotes bonds of $500 denomination. 'Denotes bonds of $1000 denomination. -Denotes bonds of ?50, $100, $500 and $1000 denomination.
Denotes bonds of $100, $500 and $1000 denomination.
TELEPHONE MAIN 3409.
LUMBERMENS
BUILDING
Capital and Surplus $600,000
FIFTH AND
STARK
We Are Receiving Subscriptions for
ARMOUR & CO.
6
Serial Convertible Gold Debentures
Dated June 15, 1918
Denominations $1000. $500, $100
Interest payable June 15 and December 15. Con
vertible on and after September 1, 1918, into 7
cumulative preferred stock at the option of the
holder. As members of the underwriting; syndicate
we invite subscriptions early to insure full allotment.
Subscription books will close Tuesday, June 18, at
10 A. M. or earlier without notice. Subscriptions
received at prices to yield as follows :
1- Year Maturity 6
2- Year Matnrity 7
3- Year Maturity 7y4
4- Year Maturity 7 Va
5- Year Maturity 7 8
6- Year Maturity IVc
Federal income tax not exceeding1 2 to be paid by
the company.
Clark, Kendall & Co.
Northwestern Bank Building, Portland, Or.
$so,ooo
ONTARIO, OREGON
6 Gold Water Bonds
Maturing $5000 Yearly From 1928 to 1937
KEELER BROTHERS
Capital and Surplus $750,000
UNITED STATES NATIONAL BANK BUILDING
Telephone Broadway 74
$60,000,000
Armour and Company
6 Serial Convertible Gold Debentures
t
Total Authorized Issue $60,000,000
Dated June 15, 1918. Due in six equal annual installments June IS, 1919, to 1924, inclusive. Interest payable Jun
lStn and December 15th. Principal and interest payable in United States gold coin at the Continental and
Commercial Trust and Savings Bank, Chicago, or the Trustee's Agent in New York City.
Coupon debentures in interchangeable denominations of $1,000, $500 and $100 with privilege
of registration as to principal only.
INTEREST PAYABLE WITHOUT DEDUCTION FOR ANY FEDERAL NORMAL INCOME TAX NOW OR HERE
AFTER DEDUCTIBLE AT THE SOURCE NOT IN EXCESS OF 2Tc
CONTINENTAL AND COMMERCIAL TRUST AND SAVINGS BANK, CHICAGO, TRUSTEE
Redeemable at par at the option of the Company on any interest date upon 60 day's notice, as a whole or in
series, in which latter event the Company must call for redemption all the debentures of one or more of the
, series first maturing.
Convertible on and after September 1, 1918, par for par, into Armour and Company 7
cumulative preferred stock, which is exempt from personal property tax in
the State of Illinois.
Further information in regard to this issue is given in a letter of Mr. J. Ogden Armour, President of
Armour and Company, from which we summarise as follows:
The entire proceeds of this issue will be devoted to the reduction of the Company's current liabili
ties, thereby not increasing present indebtedness.
These debentures "will be the direct obligations of Armour and Company. Total assets as of
October 27, 1917 (the close of the Company's last fiscal year) were $314,174,135.89. There is no lien of
any kind upon the property of the Company except its first closed mortgage (dated June 1, 1909, due
June 1, 1939) for $50,000,000, which is a lien upon approximately $60,000,000 out of a total of $103,
801,644.88 capital assets.
During the last three years the average annual earnings of the Company, available for interest
charges, have been approximately $21,950,000, and the average annual interest charge (including inter
est on the bonds ) has been approximately $4,480,000. During this period over $46,000,000 net earnings
have been retained in the business, after paying cash dividends amounting to $6,000,000. In 1917, earnings
applicable to interest from sources within the United States were over $27,000,000 on a gross volume of
business amounting to $575,000,000. The earnings for 1917 do not include any revenue from business
originating in South America or other foreign countries, the volume of which business amounted to ap
proximately $300,000,000. K
The Trust Agreement will contain, among other covenants, provisions that no additional mortgage
shall be placed upon the properties and assets of the Company, which does not include these deben
tures in the lien of such mortgage, and that current assets of the Company shall be maintained in an
aggregate amount equal to at least one and one-half times all current liabilities, including these deben
tures. The 7 Cumulative Preferred Stock, into which these debentures are convertible, may be
redeemed by the Company at 115 and accrued dividends. The total presently to be authorized will be
$60.000,000 all of which will be reserved to be exchanged for these debentures.
$10,000,000
$10,000,000
$10,000,000
$10,000,000
$10,000,000
$10,000,000
MATURITIES AND
due June 15, 1919 99.25 and
due June 15, 1920 97.75 and
due June 15, 1921 96.25 and
due June 15, 1922 95.75 and
due June 15, 1923 96 and
due June 15, 1924 95 and
PRICES
interest, yielding about 634rc
interest, yielding about 7'iTc
interest, yielding about 7 4
interest, yielding about 74 5"
interest, yielding about 71sCr
interest, yielding about 7VsSo
Aabcrlptlon will b revived aiibjeet to allotment until 10 A. M. Tursdar. Jane 1. wltfe. tha right
reserved to cloae the booki earlier without notlee. In aradlna; your order It la advtaahle that yon
apeclfy whether a anbatltnte maturity Tvlll be satisfactory. If maturity selected raaaot he allotted In lull.
Temporary certificates will be ready for delivery on or about June ISth.
The statements contained herein ara sot guaranteed, but are baaed noon information which we believe
bs be accurate and reliable, aad apoo which we bar acted in the p tire hue of these arcuritiee.
Continental and Commercial Trust and Savings Bank
Chicago
Halsey, Stuart & Co., Inc.
Chicago New York
First Trust and Savings Bank
Chicago
Illinois Trust & Savings Bank The Merchants Loan and Trust Company
Chicago Chicago
Passed by the Capital Issues Committee as not incompatible with the National interest, but with
out approval of legality, validity, worth or security. Opinion No. A-576.
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