T{OMSON'S MANUAL 
UNITED OREGON CORPORATION 
INVESTMENT BONDS AND STOCKS 
United Oregon Corporation offers to investors 
the resources and services of the securities dis- 
tributing division of the United Group of 
Corporations, of which it 1s a unit. 
This institution, in which the seasoned 
experience of two pioneer investment houses 
of the Pacific Northwest have been combined 
to better serve the Oregon territory, invites 
institutional and individual use of its extensive 
investment facilities. 
United Oregon Corporation—a union of 
the Portland offices of Murphey, Favre & Co, 
established in 1888, and of Ferris & Hardgrove, 
established in 1913—is a recognized leader in 
the fields of municipal financing in Oregon and 
the Pacific Northwest, as well as in standard 
corporate and utility financing. 
IEE 
UNITED OREGON CORPORATION 
AMERICAN BANK BUuiLDING 
PORTLAND, ORE.