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THURSDAY, MARCH 5, 1925 Finzace :: Bonds :: WOOL PRICE TREND IS CLOSELY WATCHED Brokers, Dealers, Manufacturers and Sheepmen All Interested in Developments of The Textile Situation. By J. ©. ROYLE. (Copyright, 1925, Casper Tribune) NEW YORK, March 4,—Brokers, wool dealers, clothing manufactur- ers, and sheep men for several weeks have been wondering whether the producer of some of their golden es68 was about to go on a vacation. They are worried over the woolen textile situation and are watching closely for developments in the af- fatrs of the American Woolen com- pany, leading interest {n the manu- facture of woolen fabrics. The an- nual meeting of the great concern, held today, may serve to indicace what is to happen to production and wool and cloth prices. The first Indication of changes in the affairs of this great company came when the directors passed the dividend on the tommon stock in Septemebr last. This was followed by the resignation of William M Wood, president of the company since its organization 26 years ago. Cornelius Wood, last of the family to be connectéd with the manage- ment, retired éarly in February. ‘Then camo the annual report of the company for 1924 showing a loss from. manufacturing operations of $4,025,865. The deficit for the year was swelled to nearly $12,000,000 by the payment of $5,000,000 in dlvi- dends and allowances of over $2,900,- 600 for depreciation. It was the sec ond time in {ts history the company had sustained a manufacturing loss, the first coming in 1913 when the Underwood tariff law upset the in- dustry. This condition of affairs has arous- ed criticism among stockholders and others. But men in close touch with the textile situation see nothing oo- cult about the situation. It is ad- mitted textiles had a bad year. The ‘Wood administration has been se- verely criticized for the development of Shawsgeen Villege, a model com- munity constructed around some of. the modern plants of the concern. The small stores supplying the com- munity are said to have been fi- nanced by the woolen company, but it has yet to be demonstrated that ‘this involved any undue financial risk or whether the whole thing was not @ wise venture. The tremendous loss sustained, in the opinion of experts, !s to be at- tributed mostly to unfavorable mar ket conditions in the woolen goods trade. There has been no criticism of the buying policy of the company with respect to raw wool. The com: pany is said to have laid in large stocks When raw wool was at its low point last June and it was common talk in the wool rtade that the com- pany had the largest stock of cheap wool in the country when prices started upward, The big losses developed apparent- ly through inability of the plants to maintain operations at anything like @ capacity rate. Last summer opera- tions were only at something Like 40 per cent of capacity and only in the late fall did the percentage go up. This fact appears to have ac- counted for the failure to roll up profits. The big concern now has changed administrations. Much con- fidence is expressed in New Bng- land as to the future of the com- pany, but there is no disposition in Boston financial circles to anticipate resumption of dividends on the com- mon stock. Conditions fn the goods trade are not especiaily promising. Woo! quotations are high and resist- ance to higher ¢lothing prices is strong. But the company has $62,- 906,000 of quick assets and should be in a position to secure a full share of business when demand re- vives. Some clothing manufacturers and dealers ly say that the retailers are to blafhe, that they have taught the public to walt for bargain and special sales, so that now the buyers are convinced that all they have to do to get goods cheap is to walt. Oftentinies instead of w.iting pros. pective customers do without. In the meantime, contracting for wool in the ‘west is practically at a standstill, since growers will not ac- cept lower figures and buyers and agents will not stock at present. Eats . ‘American T. & T, Issues Statement of Earnings NEW YORK, March 5.—Directors of the billion dollar American Tele- phone and Telegraph company will ask stockholders to authorize a $500,000,000 increase in capitalization at the annual meeting March 31, says the annual report of H. B. Thayer ,chairman of the board of directors, made public to The directors ommend the authoriza- tion to provide for further growth. When its capital is increased, the A. T. and T. may lay clatm to being the largest corporation in the country, if not the world, Of its nearest competitors, General Motors Corporation, is capitalized for $1,- 110,000,000 of which less than half fs outstanding, and U. S. Steel Cor- poration for $950,000,000 and with $868,500,000 outstanding. In actual stock outstanding the A. T. and T. surpasses both, more than $900,000,- 000 of its capital being already in the hands of the public. ‘The American Telephone and Tele- graph company in, 1924, after meet adequate provision for depreciation and obsolescence and for federal and all other taxes chargeable against 1924 earnings, had net earnings available for interest and dividends. of $107,619,262.82, an increase of $12,229,444.79 over 1923, says we financial statement issued today. Interest charges were $16,573,041.41 an increase over 1928 of $2,875,304.75, leaving as net income available for dividends the amount of $91,146, $21.41 or $11.31 per share on the average amount of capital stock out- standifig during the year. Dividend charges amount to $70,- 918,227.27, an increase of $7,643, $39.17 over 1923, reflecting the in- creased capital stock outstanding. Of the resulting balance of $20,128,- 094.14 there was appropriated for contingencies $3,000,000 and the re- mainder, $17,128,094.14, was carried to surplus. It is a conservative statement that the dividend of 9 per cent repre- sents a return of not more than 5 per cent on the value of the com- pany's property, less the amount of its debt. The company has the largest num- ber of starkholders of any corpora- tion in the world and none has its shares more widely distributed. Of the 345,466 stockholders of record, one sixth are employes of the Bell system owning an average of nine shares each. In order to provide a margin over the requirements for the ensuing year and for the issue of additional capital stock at some future date, if and when it shall be found desir- able, {t {s recommended that the authorized share capital stock of the company be increased from $1,000, 000,000 to $1,500,000,000 at the forth: coming annual meeting of the stock- holders. No new stock offering is contemplated in 1925, CRUDE PRODUCTION DECLINES IN WEEK NEW YORK, March 5.—The daily average gross crude oll production in the United States decreased, 3,850 barrelé, for the week ending Feb- ruary 28, according to the weekly summary of the American Petro: leum Institute, The dafly average production east of California was 1,341,750 barrels, a decrease of 4,- 050. California production was 602,000 barrels, an increase of 200. Oklahoma shows a dally average production of 475,000 barre crease of 8,600; Kansas, 85, rels, a decrease of 550; North Texas, 86,700 barrels, a decrease of 1.950% east central Texas, 171,700 barrels. an. increase of 2,700; west central Texas, 52,450 barrels, a decrease of 600; north Loulsiana, 49,500 barrels, an increase of 1,600; eastern, 98,500 barrels, an increase of 500: Wyom. ing, Montana and Colorado, 89,260 barrels, an Increase vf 150. average imports of petro- leum at pripcipal ports for weelt ending February 28 were 288,714 barrels, compared with 200,857 for the previous week. Dally average receipts of California ofl at Atlan: tie and Gulf coast ports for the week ended February 28 were 68,857 bar. rels compared with 63,429 for the previous weok. 9 changes were reported in erude ofl prices fa" the major dis- tricts; m'd-continent olls being quot- ed at $1.35 to $2.35 a barrel, accord: ing to the gravity of the oll. Penn- sylvania crude, Bradford district, re- mains at $3.85 a barrel; all other grades being quoted at $3.75 a bar- rel, Gulf coast crude, grade “A” is quoted at $3 a barrel; grade “B", at $1.75. California prices range from $1.25 to $2.40 a barrel, according to the gravity of the o! POTATOES CHICAGO, March 5.—Potatoes, early morning trading moderate; market etéady; receipts, 51 cars; to- tal U. 8. shipments, 882; Wisconsin sacked round whites, $1.00@1.10; fancy, shade higher; bulk, $1,05@ 1.25; 32.50. Idaho sacked Russets, ————————— Butter and Eggs CHICAGO, March 5.— Butter, higher; creamery extras, 46c; stand- ards, 45%; extra firsts, 49@44 ihc; firsts, 39@41%$c; seconds, 34@36c, recelpte, 14,739 ca ; ordinary firsts, 25@ 26 tbc. New York Stocks | Last Sale Allis Chemical and Dye American American American American American American American American American Can --._-. —— Car and Foundry .. 229 Locomotive -... Sm. and Refg. Sugar --.. Tobacco - Water Works Woolen --.-~.----< Atl. Coast Line ........ Baldwin Locomotive... Baltimore and Ohio q.. Bethlehem Steel ~... California Petroleum Canadian Pacific — Central Leather pfd q. Cerr de Pasco -.. Chandler Motor Chesapeake and Ohio - Chicago and Northwestern -. Chicago, Mi! and St. Paul pfa 22 Chicago, R. I. and Pac. Chile Copper «. Coca Cola Colorado Fue! Congoleum ~ Consolidated Gas =< T6% Corn Products - 39% Cosden Of ~. ~ 34% Crucible Steel - 5% Cuba Cane Sugar pfd. - Davison Chemical Great Northern pfd. «-. Gulf States Steel --..... 90 Houston Ot) 78% Hudson Motors 42% Illinois Central 2 1iY Int. Harvester -~.-..,..-+. Int. Mer. Marine pfd, -. Kelly Springfield - Kennecott Copper ..... Lehigh Valley ~~... Loulsville and Nashvi) Mack Truck --. Marland Oil Max. Motors A ..~. 46% Che Casper Daily Cribune Stocks EAPORT TRADE Trading CHICAGO, March 5.—Export bus!- ness said to aggregate 1,000,000 bu- shels rallied the wheat market today in the late transactions. Dey weather reports from the southwest I 5.—Wheat un- CHICAGO, March led to upturns) especially just fore the end of the day, Corn and oats were governed by the action of wheat. After opening at Ke decline to %o advance, May $1.51 to $1.91%, corn suffered a ma- terial drop all around. The close was nervous, be- varying Mex. Seaboard Ol Mo., Kan. and Tex. «. Missouri Pac, pfd. Montgomery Ward Nat. Biseult -. National Lead -... New York Central N. Y., N. H. and Hartford =< Norfolk and Western North American Northern Pacific -. Pacific Oll .. Pan Am. Pet. B. Pennsylvania «- Phila and Rdg. C. Phillips Pet. — Pure Ott Reading ~. Rep. Iron and Steel Reynolds Tobacco B -....-- St. Louls and San Fran. Seaboard Air Line Sears Boebuck --~. Sinclair Con. ~-..-.-.-.-.--.< Sloss Sheff Steel ~--. Southern Pacific Southern Rallway -~--.. Standard Oil of Cal. Standard Ol! N. Jy --. Stewart Warner -. Studebaker Tobaceo Products ~ Transcont. Oil Union Pacific ~ United Drug - U. S. Cast Iron Pipe -. U. S. Ind. Aleohot U. S. Rubber U. 8. Steel -. Utah Copper ~ Wabash pfd A ~ Westinghouse Electric -. 2M Willys Overland Woolworth Anglo American Oil ---. 19% 19% Borne Scrymser oo~ 216 218 Buckeye --.-------.--. 6515 66 Chesebrough Mfg. ---- 56 60 Chesebrough pfd.*------ Ut 115 27% 28% Continental Crescent -. Cumberland Bureka Gal. Sig. Gal. Sig. Old pf. Gal. Sig. New pfd. Illinois Pipe - Indiant Pipe National Transit --.... New York Transit - Northern Pipe Ohio Ol International Pete ~. Ohio Oll Penn Mex. Prairie Pipe -. Solar Refg. So. Pipe - practical yeal top, BOOSTS WET i steady; sales, $16.65@16.90. | —Recelpts, 1,800 and west counted also as a strength. | “ely; 350 to 50e higher; top, $13 = ening factor. The close was un- Bald for chaloe ate: pownd ave Shh settled at the same ns yesterday's | PW medium to choice 180 to rate finish t6 1106 higher, May, $1.92% to | Pound welghts, $19.35 to $13.60; ie $1.92% and July, $1.69 Kto $1.09%. and light. Ughts, $13.00. to) tt $13.20; packing sows, u can Li er, $11.00 to $11.5 several feeders, nd helf canners, largel? bulls, $4.00@ 34.75 @5.00; few up to stockers and jogna bulls, $11.00; vy beef Denver Prices | tained 4 88 pound s NEW. YORK, DENVER, Colo., March 5.—(U, §./ lators for partment of Agriculture.\—Hogs| trol of to big packers buying Ins of « was ye Grain :: Livestock : =NEWS AND QUOTATIONS BY LEASED WIR PRICE GAINS yeneral List a% p advance 's stock to f d throughout the 1 1 public part issues to eell a point or| sterday's ed Cigar s nnd Suit arch Ludlum $11.75; stockers and feeders, $6.50@ ; ean Can, Tex: Sheep—Receipts, lambs, Baldwin two each ¢ highe $16. —_—_—_—_ better resist " Late Rally Brings Recovery rly top, $1 ssh shorn|Barly Irregularity Today'| pendent strength : from Losses in Earlier $14.00; sheep higher;| Followed by Rally in the | Baltim ) 1 ewe top, $10.00; sh lambs, ¢; jand E pect con net gained market, points r derwent & further sharp vetback in|. Cattle—Recelpis, 1,200; calve sales approximated 1 elated D price today after a hesitating start. | °ef steers and stockers and feeders, 7 semper cial Fore whien therinaskec. showed operons: to higher; cannefs and] NEW YORK, March disposition to rally owing to the fact| utters and bulls, around steady;| Ing or @ supplied 8 ¢ that the Liverpool market held com-|%t she stock, steady to strong:| volume at pening calves, ste lower; marke terday's big break in prices on this | 15150 to 1.250 pound steers, $1 as sido of the Atlantic. Indications of | $19.19. freight paid; tvo loads aver export business overnight tended| *!?& 1,069 pounds, also to lft values, but selling on| 1118 pound steers and ee, the part Of houses with eastern con.| fe heifers, $6.85 to $7.2 Locomotive 2 and Baldwin improv: nections proved to be of much|t? $7-60; four loads heavy ing fractionally, DuPont, Canadian greater volume than could be readily [Bang eo ad lad Hear ity egal ge Ppa Ms a absorbed, and May dropped to| Pliner grades, $5.00 to $5.75; few} ed 1 0 21% poin Loni ot $1.89%, ‘The opening, which rangea| Yetlers, $10.50 to $11.00; bulk avail-|can Sugar Refining lost a point. — | from i%¢ decline to %c advance,|%® Kind, $7.00 to $10.00; two loads| Fresh selling developed on the | SUGAR May $1.92 to $1.92% and July $1.69 | Seder 0; two loads stockera es with the result that consid a. to $1.69%, was followed by a riso of i SCAUIS ASKS OLS: ty) Fook: plang AF OURS, $1.93% for May and then by a pro.| , Steep—Recetpts, 7,900; fat lambs,| the end of the first half to Sank Ay Aclinoed KARRERt catbaae active; early sales around Kresge jumped 4% pc Seng a Subsequently aggressive buying ay paper Re Vibe Ny sean : Aeris pres r fir on the part of commis! V othide 192) eee baud Senet? “Giana tT ena onts opting ‘ GD PBOUMIN I Seo ate 46: 15. SER KOT coe eral Light : All Markets an Car and PAGE SEVE! “ae |Americans At St. Peter’s Are | Paid Honoi nts fror ; ea | MI the fir deed int of the Catholi vanced | chur al archbishop, Merr heey [ye sed in Englis ims. 1 the t ter the cardinal arc »p had celebrated mass and g mmunion to the pilgrims. Cardinal O'Connell of Boston, wi Jed the party on its holy ye ed | tude to Ca Del 16 h ve tig SBS Ne vs te “coos FEDERAL SUIT FILED cee: FOR COKE RECOVER HEYENNE, Wyo. March 5 States govern in federal « 5.46 from the e late Julius B, White for the a leged al by White from goverr | ment land of 587.64 tons of co: }c ed ta have been mint authorization between Ma PHILADELPHIA.— nominal at wholesale the among [ final quota | res and Na néral each dropped Omr ticke 00,000,06 from Ye decline to %c gain, May, NEW YORK, March 5.—Foreign| Bi er, ¢ $1.20% to $1.31. . e xchanges, 8 day; quotations in! ~ ‘ Oats started at %c off to tc up, at Britain, demand, 476%;} ; point or May 53% to 53%c. Later all de- ; 60-day bills on banks,|<) reign exct opens Ty liveries showed losses. France, demand See eC et | BUY FT. COLLINS STOCK NOW! In ling with hog values, the pro-| cables, 5.11; Italy, demand, to $4,774 fon of the rais: | : vision market was firmer, cables, 4.05%. ing of the Bank of Wngland’s redis- | Will sell today: ete 3 pen High Low Close count rate to five per cent and re-| S000 SOnsat atok wt uh de ee kn $ .0234 ; ; commendations for an early return | 2 Fa Peas ts SR MEE Ue ihe CE ee Aan May 1.03% 1.5016 1, COTTON to the gold standard by Reginald | 5,000 Quaker at nanan en nnn nn ae------- 014 iy 1.70% 1.66 1 McKenna, former chancellor. | 10,000 Great Northern at O1 Sept. 1.544% 149 1 rious cross currents of prices | AV: SORES SOR oA ene oe wre j Gigs NEW YORK, March 5.—Cotton| ct zed the morning’s trading.|| 1@,000 Atlantic at _-_-__-__ 0114 May 3114 spot, s 05. Most of the pools had their al.| J ‘ 4 5 5, Most of yools had their special 10,000 yn of Colo., per thor . 4.00 rh mH FIRE ; tles well in hand, but profit taking | : ’ wis 32% Automobiles. sale and sporadic selling cut into I LET Oats— ie DETROIT.—The new Oriental as-}tho quoted of other stocks. | ne J. A, HOWLETT May 84% 53 sembly plant of the Ford Motor com-] Raising of , «|| 214 Midwest Building Phone 1870 55% 54% pany at Yokohama is expected to be- Jan and the| 54 5S gin functioning about April 1 idend of | 1.60 4 1.41 1.24% 16.82 17.20 Ribs— 18.00 18.10 20.30 20.60 CHICAGO, March 5, — Wheat, number 2 mixed, $1.26; number 3, yellow, $1.20@1.23%; oats, number 2, white, 55@560; 50% @54c; rye, numbér 1.55%. Barley, 92@9s $5.25@6.25; clover seed 32.50; lard, $16.57; fibs, lies, $21 LIVESTOCK Chicago Prices. CHICAGO, March 5.—(U. 8. partment of Agriculture—Hogs— ceipts 25,000; active 25e to 40c high- er; light light and slaughter pigs show more advance, top $18.65; bulk 170 to 325 pound butchers $13.25 to $13.60; 140 to 150 pound kind large- ly $12.75 to $13; bulk packing sows $12.50 to $12.75; majority strong weight slaughter pigs $12.50 to $1 heavy weight $13.40 to $13.65; me- dium weight $13.30 to $19.65; light to $13.50; Mght light : packing hogs smooth to $12.85; packing hogs are De- $12 to $13. $12.60 rough $12.60;, slaughter pigs $11.25 to $11.50 Cattle—Receipts 8,000; fed steors and yearlings” spotty; generals steady to strong: spots higher; low Brades in best demand; top year $12; heavies $11.25; bulk fed steers and yearlings $8.75 to $10.75; fat she stock steady to strong loads of handy weight h $8.50 to $9; bulls fat cows $5 to canners and cutters mostly $ $5; bulls strong to lhe highe bolognas $4.85 to $5; few upward to $5.10 and above; veal calves steady; | | | fers So. Penn. Ot 8. W. Penn O S. 0, Ohio 5. 0, Ohio pfd. Swan and Finch Imperial Washington -. 8. O. Neb. CRUDE MARKET Big MUddY --a-.0----00----0--= 1,60 Mule Creek waserenecen--- = 120 Sunburst . 1.80 Hamilton Dome ---------: Yerris ~ BYTON ----+--see nen nee no-one NOtch@S « «-20--------------- Pilot Butte Landor , - Cat Creek - en re as S Coesle Light -.---------- 2.00 Greybull + -----0+-2------2---~ 2.00 TOrChlight - eewennaewennn----= 2,00 EIK Basin -ee----eecenn--n--- 2.00 Rock Creek ~---------2------- 1,70 Salt Creek - 1,60 FLOUR. MINNEAPOLIS, Minn,, March 5. —Flour, 30¢ to S5¢ lower; family patents, $10.10@10.25; bran, $23.60 24.50, most kinds to packeyse $11.50 to £13.50 according to weight; outsiders $14 to $14.50; stockers and feeders firm in limited supply. Sheep—Receipts 11,000; fat lambs senerally steady to strong; ea bulk desirable weight $17.25 to $18 few $18.15 and $18.25; extremely heavy lambs averaging in excess of 100 pounds mostly $15.75 to $16; 74 pound freshly shorn lambs $14.50; 93 pound weights $13.50; fat sheep scarce 25c higher; fat ewes $9 to $10.25. No choice kinds offered; feod- ing lambs strong to 25¢ higher; bulk 917.25 to $17.36; chotce 67 pound welght $17.60. Omaha Quotations, OMAHA, Neb., March 5.—Hog Receipts, 16,500; early sales to ship pers mostly 25@35c higher; packer purchares, mostly 10@26e higher; good and choice butchers, 200 | Pounds and up, $13.15@13,30; top $13.95; desirable 150 to 200-pound averages, $13.004)13.25 packing sows, mostly $12.75@13.00; bulk of all sales, $12.90%13.30; average cost Wednesday, $12.93; weight, 225, Cattle—Receipts, 4,800; yearlings and handy twelght steers, active, mostly 10@15e higher; welgl steers, slow; steady to weak; bul $9.00@ 10.50; long yearlings, $10.85; stock, active; strong to 2he er; bulls, steady to weak; veal, | By high lantic. VER STRATEN GUSHER INDICATES FORT COLLINS FIELD A SECOND SALT CREEK ATLANTIC PETROLEUM CORPORATION'S COUNTRY CLUB NO. 1 CLOSEST INDEPENDENT DRILLING WELL TO -THE N mW GU HER RIGHT IN THE PATH WILL YOU BE WITH US ON PAYDAY? TIC SHOU The Best Bet for Quick Money in the Fort Collins Field THIS STOCK WILL ALMOST CER- the TIME TO BUY at a cent and a half for a limited time only. A limited offering ONLY at 11 OR TAINLY BE WORTH MUCH M Now’s D BE WORTH FIVE CEN MORE—RIGHT NOW! cen i VEI ts per share. GRAB IT— xY SOON. least 3 cents when the well reaches 3,000 feet. V. E. Stanley, field engine The Oil Company of Califorr barrels. Opportunity i: the situation and buy “Don't wait—don’t hesitate! the Ver Straten gusher. it’s RIGHT HERE in Colorado. ors The log of the Atlantic veritable reservoir of oil unde r for sixteen big wells on the Coun “The Ver Straten well owners. WESTE, TELE: Mi ell, COUNTRY t UNION AM Place your order at once. Nions y Club 1 which came FLASH 34F N E X 55 BLUE 2 EXTRA CNT COMMA rg. COLLINS, COLO, 105P, MAR. 4, 1925, A. A“ HALL CO, 711 17th ST. DENVER, COLO. VER STRATEN JUST CAME TIMATED AROUND IN 10,000 BARRELS TRE ROAD LINED WITH CARS LOOKS NOW A TIC PETE COUNTRY CLUB NO. BIGGER. LOOKS TO ME AS THOUGH IZE CEED EVEN SALT CREEK IN S CLEM HINDS, 1 WILL THI AND PRODUCTION, HEAD DRILLER, COUNTRY CLUB NO. ATLANTIC PETROLEUM CORPORATION. We are authoriz YOUR company ¢ ed financial agents f 8 it is needed for development. A Apes ial represe: nbative of this company will be at COI Visit the well and ste for yourself its splendid ENDOUS WELL BE for Atlantic Petroleum now on the ground, roar of the Ver‘Straten gusher is in the ears of Atlantie’s drilling crew brings in a giant gusher on ne Ver Straten lez at the door of every Atlantic st all the Atlantic they can possibly ockholder. fford. Am vill be spent for devel irilling clos CLUB NO ease.” in ye rday be worth order for CENT T EXCITEMENT; THOUGH ATLAN AS BIG IF NOT S FIELD WILL EX- DO} the fie Me or Atlantie—in. buying from us trategic location. ad\ 1 today SS ES eee ue believe its investors WIRE, TELEPHONE or MAIL in your Atlantic WILL DO OUR B A SHARE ACT IMMEDIATELY! COUNTRY YOUR money may be used by YTRY CLUB NO. 1 to tell you all about At- TS A SHARE — PERHAPS MUCH Shares will be advanced to at ys: Our neighbor, the Union imated at 10,000 to 15,000 ng all my friends to g sp Atlantic is the closest independent drilling tc Oil experts predict Fort Collins will be one of the greatest fields i i the world and v be made for in- hould t iffic millions of dolla to the Atlantic will make thousands IMMEDIATELY. T TO FILL IT AT if you WE 1M% in your aethe VER STRAT CLUB NO.‘1. ‘V car. Visit Y and then isitors wel ee A. A. HALL & COMPANY A MEMBERS: STOCK AND BOND HOUSE DENVER STOCK EXCHANGE, 711 17th St.—Telephone Main 4570, Denver, Colo. Prospectus, dated 9-6-24, filed with Secretary of State, .Copy WORTHY OF on request, » YOUR CONFIDENCE DENVER CHAMBER OF COMMERCE Private Branch Exchange to All Departments