PUBLIC UTILITIF

1. FIRST & REFUND MORTGAGE 5% SINKING FUND GOLD BONDS.
Interest Payable: Jan. and July, at normal income tax-——Free of Montana
nffice of trustee. State tax.
Trustee: Guaranty Trust Co. New security: By lien on entire property
Yori. and securities of subsidiary companies.
Registerable: As to principal coupon Offered by: Lee, Higginson & Co,
$100, $500, $1,000. Registered: $1,000, Guaranty Trust Co, and J. & W. Selig-$5,000,
 $10,000 and multiples. man & Co., New York. Date Offered:
Denominations: Coupon $100, $500 Jan., 1914-Mar.,, 1915 and 1918, at 94,
and $1000. Registered: $1,000, $5,000 911%, 89.
and $10,000. Listed: New York Stock Exchange.
Callable: At 105 and interest. May Price Range: 1929—High, 104; Low,
be purchased or called for sinking fund. 98: 1928—High, 106; Low, 102: 1927—
sinking Fund: 114% annually of out- High, 105; Low, 101%: 1926—High, 102;
standing amount. Low, 991%: 1925 — High, 1003; Low,
Tax Status: Company does not pay 9715: 1924—High, 101; Low, 95.

2, 5% GOLD DEBENTURES, Series “A"
interest Payable: June & Dec. 1st, at Tax Status: Company pays normal
J. & W. Seligman & Co, New York; income tax up to 2%.
Lon, Hg ony hid York, Dos Security: A direct obligation of the
4 C . 2 a jl
ee: Guaranty Trust Co. New ompany but not secured by mortgage
York. Offered by: Lee, Higginson & Co.;
Registerabhle: As to principal. Guaranty Co.. and J. & W Seligman &
Denominations: Coupon $500 and Co., New York.
51.000. Date Off : 27. Price: 971
Callable: In whole or in part at 105 ate f ered ay. 19 I oh 97%.
prior to June 1, 1932; at 104 to June 1, Listed: New York Stock Exchange.
1937: at 102 to June 1, 1947; at 101 to Price Range: 1929—High, 101; Low,
June 1, 1957; and at 100% during last 951%: 1928—High, 103%; Low, 99; 1927
five vears prior to maturitv —High, 100%: Low, 96%.

3. BUTTE ELECTRIC & PR. CO. 3% FIRST MORTG. GOLD BONDS
Interest Payable: J&D 1 at office of Tax Status: Company pavs normal
trustee. ) income tax up to 2%.
Principal Payable: $25,000 annually « ftv: Vit a
each June 1 to June 1, 1930; $193.000 on Feouritys Pigg gloved mortgese ob
June 1, 1931, and remainder on June all property and franchises.
11951. ’ Offered hy: E. H. Rollins & Sons and
"Trus : U.S. . y 5 . Rudolph Kleybolte Co.,, N.Y. and Lee
clmgtee: T. 8 Mortgage & Trust Co. Higginson & Co. N.Y. Jan. 1901 and
Registerable: As to principal. June, 1909, at 100, 101 and 98.
Denominations: Coupon, $1,000. Listed: On Boston Stock Exchange.
sinking Fund: 1916 provides for pay- Price Range: 1928—High, 105; Low,
ment of one-half that mature in 1931. 1031: 1927—High, 104; Low, 1003; 1926
Qecond sinking fund redemption of 14 —High, 101%; Low, 100: 1925—High,
that mature June 1. 1951. 100%: Low, 99: 1924—High, 991%; 961%.

I. MONTANA PR. TRANSMISSION CO. 30-Year 1st Mortg. 5% GOLD BONDS
interest Payable: F&A, at office of sutstanding, began July 31, 1908, intrustee.
 creasing 13% each five years to the
Trustee: U. S. Mortgage & Trust Co, maximum of 21% % for purchase or call
New York. at not over 105.
Registerable: As to principal. Tax Status: Company pays normal
Denominations: Coupon, $500 and income tax up to 2%.
$1,000. Security: First closed mortgage on
Callable: At 105 on three months’ the power plant at Big Hole River, 21
notice: may be called or purchased for miles from Butte.
sinking fund. Offered by: Jackson & Curtis. New
Sinking Fund: Annually 1% 9% bonds York, 1909. at 97%.
5. MADISON RIVER POWER CO. 1st MORTG. 3% GOLD BONDS
Interest Payable: F&A 1, at office of tax, company pays normal income tax
trustee. up to 29%. 1 a
~ : 2 ” ‘ Security: First closed mortgage on
eters Ti. 8. Mortgage & Tras Ce, hydro-electric plants on the Madison
Regist ble: As t ncipal River. .
egisterable: As to principal. Offered by: Western Trust & Savings
Denominations: Coupon, $1,000. lank, Chicago, and Van Oss & Co,
Callable: At 105 on any interest date Jague, Holland, and Lee, Higginson &
on three months’ notice. Bonds may HulBl Parken & Burr, Boston, in
also 3 yr C3 » Si i J093, a Do-00 1%,
i be purchased or called for sinking Listed: On’ Amsterdam Stock Exshange.
 Quoted in New York, Boston
and Philadelphia.
Price Range: 1930—High, 100% bid;
ow, 97 bid: 1928—High, 103%: Low.
(01: 1927—High, 102%; Low, 1011; 1926
High, 102%: Low. 100: 1925—High, 101;
low. 991,