INDF 
XX] 
Great Falls National Bank, Montana........c......... eee. 48 
Great Western Timber Corporation, Ltd. ................. erevesraanenneeeee 134 
Guaranty Trust Company, Portland, Ore. o.oo ronnie 288 
Hainsworth Apartments, Seattle. ...o moins ssn 448 
Harrison Hot Springs Hotel Co., Ltd. omic 449 
Hawkins & Roberts (Terminal Hotel) Salem, Ore... 476 
Hawley Pulp & Paper Company.................. + sureennreesrsannmssssmenmniissseise LOB 
Haynes Foster Baking Co., Portland, CHE... tcmmsvgmEREp eee ERTS rvs se 100 
Hecla Mining Company....... 424 
Helena, Montana .coeccceecvommreeaesaseance: re ngat an epee ssn nR TEE 7 
Heilig Theater Company, Portland, Ore....cooovoveceeencnns Ce presedELErs “Y30 
Hibernia Commercial & Savings Bank, Portland. Ore. ones 67 
Highland Drive Apartments, Seattle, Wash....... earn. 449 
Hill County, Montana.......ccceeeecirmnnensanaes cesses snmennr tHE 0 
Home Service Company, Portland, Ore. ...ccccooviinninnns evens SERRE en YQ 
Hooker Electrochemical Company... ce eeeeceeeeanes eeeeeernneeeeeeeenes 347 
Hoquiam, WashinEOm «o.oo. oiueioriiaies earns constant siemens 24 
Hoquiam, Wash., School District WO, ZB ents comnspmaseessessmassansms manera nan Sse Sess BY 
Horluck’s, Inc. .......-. EERE EEGTa——————— SERRE pee essovs TOD 
Howe Sound Company... essa eee teense aera eneenes 424 
Hubbell Bldg., Seattle, Wash... 476 
Hungerford Hotel, Seattle, Wash. ooo 449 
Idaho Falls, Idaho ........ - eee eeee eer eeenneeasameaesamstsaasarsanesasrarreerennanens 
Idaho Power Company .....cccceoooeiiiiionnine sonnei reeeerrnneeneeeeenee 199 
Idaho, State of ...ccccceees weeene. eee eee ee ae eee aera annem a en nnnans 1 
Idaho Technical Institue... coooieiceiirinimemneaes emmomsimmess seein 476 
Idaho, University of, Memorial Building ASSOCIALION cennr ceeeercoaaeeeeeconminesneeennneeeeees 450 
Independent Warehouse Co., Pendleton, Ore. ow ooooeecs ceeereeereeeceesaencesceeeaneneennnnees. 416 
Inland Empire Bank, Pendleton, Ore. ........... - reereeeeeeeinaeennee 63 
Iron Fireman Manufacturing COMPany....oooooorimmmmmrsesemensecesierenennnnnesennenens. 949 
Interstate Utilities Company... ...ccoveeeeeeecemneceiniennnnn: reeeeeeiinmneeeennnneneeneeee 201 
Investors Holding Corporation, Seattle, Wash. ooo 292 
Jantzen Knitting Mills, Portland, Ore. weecooceics cooeererieeeeeceas + ereeeinesnnesnnenaeesnenseees 39 1 
Jantzen Knitting Mills of Canada, Ltd. ...cormmesocmmmrmmmmmnmmssanesmantsesssissersessorsmmsmse. J 
John Alden Apartments, Beall, WHEN. cco commmsinsvonmsnersimnbr ips sass aps ss sossmsmnscns. 4 J 
John Winthrop Apartments, Seattle, Wash. ooo 450 
Johnson National Storage, Ltd. ... cere rmeeemeeeeeeeneneees 354 
Kalispell, Montana .....ccccccommameneneccens eee eee eae eae nan ann 7 
Keller-Boyd Building, Portland, Ore............ eeeeermeeneeneete een eene reese eeesannennnenes 491 
Kellogg Power & Water Company.......cccoooecreinnne. eeeeeeeeeeernneenaeeneeees 203 
Kelowna Community Hotel, British Columbia......... i476 
Kennecott Copper Corporation......... i 425 
Kern, A. E. & Co., Portland, Ore... oeeerrrnrcceeeceecescecceeeens. 476 
King County, Washington. .....c.cocoeiiiinininees 25 
Kitsap County Transportation COmpany.........ocoeimmminnninnnininnnccccceee. 203 
Klamath Heating Co. (OF€ZON) .ccccmrmriirimmerrins sormeesrmsasenssisiss coriecissnsacnenscrenscnneens 476 
Kulien Building, Seattle, Wash......c............ eee eee 416 
INVESTMENT SECURITIES 
of 
CONSERVATIVE CHARACTER 
P. W. CHAPMAN & CO., Inc. 
DEXTER HORTON BLDG. U. S. NATIONAL BANK BLDG. 
SEATTLE PORTLAND 
NEW YORK . SAN FRANCISCO . CHICAGO