T{OMSON'S MANUAL

UNITED OREGON CORPORATION

INVESTMENT BONDS AND STOCKS

United Oregon Corporation offers to investors
the resources and services of the securities distributing
 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.