Evening Star Newspaper, August 1, 1929, Page 15

FIN GOOD FISH SUPPLY LETS PRICES DOWN Swordfish Popular—Rock in Large Quantities Being Offered Trade. Municipal Pish Market continues to attract attention of retailers and con- sumers, dealers urging the consumption of more fish as a matter of economy and for the additional purpose of con- serving health during the heated perigd. Largely increased sales of swordfish steaks is taken by dealers to indicate that the popylar fish is serving as a meat substitute, dealers mentioning it as being particularly solid and whole- some. Swordfish usually is one of the more expensive varieties of fish, it is stated, but dealers this morning were quoting a price of 25 cents a pound for it, & low price, they stated Salmon 4nd halibut, also popular fish, were among the receipts from Boston shippers, each being quoted at 25 cents a pound. same as the price of swordfish. Boston mackerel were plen- tiful at 15 cents a pound, cod sold at =10 cents and haddock at 7 cents a pound. Sole and Haddock Here. Fillet of sole and fillet of haddock, ANCIAL Recelved by Private Wire Direct to UNITED STATES. Bales. fa{t }:l'%cll:l.% e 101% 101% 101% 972 495 94t 9% 108" 106 108 Lib4th 4%e 108 991 .4 US3%s43, 5 9628 9623 9628 }gz }g:“- ::: US4s1944. 28 10226 10226 102 26 Py US4%sss. 27 10712 1076 1076 R FOREIGN. 101 100% 101 Bales. High. Low. Close. 109% 109% 109% Argentin 6 9% Yl 9l Ltbs.. 6 98% 98 98 Argentine 62 Ju 63. S5 100 994 100 | Utilities Powr 5%s. 19 9214 92 92 - Argentine May ‘61, 12 100 99% 99%| Walwortn 6s45... 5 88% &8 88 Argentine 6s Uct 69 20 99% 99% 99% | Walworth 6%a’35. 14 101 100 100 Argentine 5%s°63.. 16 94'a 945 Warner Sug1839.. 3 65 65 ..5 Argentine 63 A..... 8 100 99% 5108 1024 1024 Argentine 6s B. . 1100 991 3 101% 101 101 4%s 68 72 86% 86 . 25 108 107% 1074 581965... 95 95 94% 95 |WhiteEsgleOb¥Nm 7 100% 99% 100% ralia 68 1957.. il 94'% 94 9¢ | Willys-Ove%s33.. 2 101 100% 101 s 5102 101% 1 99u 99% Bank of Ch 6 96 96 8 Bank of Chile 6% 3 98 98 L] Belgium 41 101 100% 2 105% 105 $ 107 1073 107 1 106's 106 108l - o 119 s irs 1 e[ AERERARE G W e 105% 108% 1084 | Apjanue C List4s., 6 90% 904 Y04 ) 86 Bom 8% B &0 Gold 4s. 23 9w 9L U1 e . 9T 9T 94 200% 10014 100% 100 100 Ita 9t 100% 100% e ) B&Ortimp 108 108% 108% o 99 9 |B&OPLEWY 90 90 90 106% 105% 106% | brookivn Elev 6%, 8 100'% 1007 Bkiyn Mannat 6 101% always in good demand, were other Ci ’ contributions of Boston shippers. The s . o former sold at 25 cents and the 1atter [ Cyeciio 88 1051, s s Cont of Gars C 59, 95% at 14 cents & pound thiS MOrNINg. | Danish Munic 88 A, Central of Ga b%: 1034 Lobsters, not exceptionally plentiful. | penmark ¢ s Central Facific 48.. 8% were q\:inled in Boston today at 55 cents | Denmark 5 Cent Fac 18t 68 30, 1008 & pound. i 6 103% 10213 1084 ] O > 4 5 Qne of the most attractive Offerings | p 2 1 5148 Mch 63., 1 1023 102% 1029 R e Tk, oin came from the lower Potomac and ! ich Eastl6s4%.. 2 103 1025 102% 96 points along Chesapeake Bay in the 2% 1025 1029 it form of rockfish weighing from a half 1301 3 pritts to three pounds. Many of them were CB&Q Ll div 4s, 89% from the vicinity of Leonardtown. | Chiets 11 6 “They came in too heavy shipments,” | Chi Gt West 48 63 commented a dealer, “and found slow CM&StPEDSI. s 8% sale at 10 cents a pound, a record Jow ChiM&SIPA%SCE9., Yok price for the popular fish. th Chi M&SLP 4 %48 1 9 Very few other fish came from the | ChiMiISP&PacosTh 90 Potomac. They were chiefly catfish and | G CMSP&Pacadssa0s, 8% small perch and receipts were so light Chi NW 4%8 2037.. 3 93k that prices were not quoted. Chi & NW 6% 10742 107% 1074 Large quantities of croakers, butter- 1015 fish and spots were received from ship- pers at points on Chesapeake Bay, re-| ceipts being so heavy that prices were | forced down. Croakers found slow sale at 5 cents, butterfisn at 8 cents end‘ spots at 10 cents a pound. Wildwoed. | N. J.. shippers furnished bluefish that readily brought 18 cents and large trout that were offered at 15 cents. Crabs Are Plentiful. | _Hard crabs continue plentiful and cheap, dealers this morning quoting them at $2.50 a barrel, or 50 and 60 cents a dozen. Cooked crabs sold around $1 a dozen. ; Choice crabmeat, some from Biloxi, Miss., and packers along Chesapeak® Bay and tributaries, was plentiful and cheap this morning, wholesalers report- ed, the choicest lump meat selling at 60, white meat at 35 and claw meat at 25 cents a pound. Practically no fish are being received | from the South because of the hot| weather, according to dealers, and they are not wanted until a decided change in weather conditions takes place Potato and tomato prices continue high, direct result of the continued hot weatier, and dealers say they see no /indications of lower prices until sev- eral rainy days are experienced. Po- tatoes were quoted from $5.25 to $6. No. 2 stock selling arcund $3. New sweet potatoes were quoted around $3.75 and | $4 a bushel, old stock Nancy Halls sell- ing at $2.50. 1 Today's Wholesale Prices. Jobbers’ Prices Slightly Higher. Butter—One-pound _ prints, tub, 42a44; store packed, 28a30. Fags—Hennery, 37a38; fresh selected, 36a37; current receipts, 3: 44a45; Poultry, alive—Turk hens, 355 toms, 33; Spring chickens, large, 30a32; | small, 2 Leghcrns, medium, 28; , 3 25226; fowls, 28a30; roosters, 22; ducks, Dr key ens, large, 38a40; medium, 37a38; small, 35; Leghorns, 33a35: fowls, 35a36; roosters, 26; ducks, 28a30; keats, 90a1.00. Meats, fresh killed—Beef, 24!5; veal, 23; lamb, 27228: pork loins, 34: fresh hams, 30a32; fresh shoulders, 22; smoked hams, 32; smcked shoulders, bacon, 28a30; lard in bulk, 15; in kages, g Live stock—Calves, 151%; lambs, 1213, Fruit and Vegetable Review. Today's market report on fruits and vegotables, compiled by the Market News Service Bureau of Agricultural Economics, quotes Cantaloupes—Arizona supplies light; too few sales reported to quote; North Carolina, Ridgeway scction, supplies heavy; demand moderate, market slight- 1y weaker; Salmon Tints, standard 36s and Green Meats, 1.00a1.25; standard 45s. Salmon Tints and Green Meats, mostly 1.00: poorer low as 75. Miscella- neous melons—Supplies moderate; de- mand moderate, market steady; Cali- fornia, Imperial Valley and Arizona, standard crates, Hore:ydews, 8s to 12s, 2.00a2.25; 6s to 9s, 1.75a2.00; Califor- nia, Honey Balls, standards, 365 and 45s, 3.0023.25; Jumbos, 36s and 45s, 3.50a 3.75; standard flats, 12s and 15s, 1.15a 1.35. Lettuce, Western Stock — Supplies light; demand moderate, market about steady; Washington, crates, Iceberg type, 4-5 dozen, 6.25a6.50. Eastern stock—Supplies moderate; demand mod- erate, market slightly 'weaker; New York, 2-dozen crates, Big Boston type, | mostly 75. | Onion Market Steady. Onion erate, ma vanta, 50- | demand moderate, market about steady: North Carolina, bushel baskets, Elbertas, U. S. No. 1, medium to large size, 2.5 fine' quality, 3.00; unclassified, 2.50; Virginia and Pennsylvania, bushel i few 2.008 | o Japanese 6148, 19 Kreuger&Toll 58 ct 378 Lyon 6s.... Chi R I & Pac ChiStPM&O 6 Marseille 63 10613 100% 100t [CRI T H &S 17 17 17 10 1 inc 59% 89 895 |Chi Un Sta ¢34 Chi Unfon Stu 53 44. CCC&SIL 4% s 77 Y%, C&StL deb 4148, Y8 hi& W Ind cn 48.. Jls B3ty Ca&WI1bk% 2% 103% 10213 102 rway Norway b%s % 997 v Lo Loyt | Colo & Sou 4 3. ¥ 10113 101% | Del & Hud 1st rf s, 4 8914 8914 1013 101% | Del & Hud b%8.... L 1024 1025 102l 8415 B4is|Dena RioGonds.. 1 [ieasisis: 9915 9913| Den&RIoG 4343 36.. 3 | Paria-Ly-Med 1 1044 1045 | DRio G West6a. . 10 PAHIBO o DRG & Wst 6878 10 Beratcrase Det United 4%45.... 1 Peru 631961, Euecs o Hihaibiy Erlecv b 2 Bl TS Erie conv ext 1 R Y Fla Kast C 67 3 681 684 634 Poland 7s (réts). Gr Trunk stdb 6s... 9 105 104% 104! Poland 8 Grand Trunk (s.... 15 110 109t 110 Queensiand 68 GrtNorthn4%s k.. 5 94 91 94 Rninelbe Un 7 Great North b 5 RhineWst KP 6563 3 2 Rio de Janeiro 6%4s. 3 12 RioGr Do Sul 8s... 1L 36 Rio GrDo Sol 6348 8 Hud & Manretsa.. 6 7% &7 813 Rome 6348 18 111 Cent 43 62. 3 86w 864 B6h Sa0 Paulo 8 1938.. e s L Sao Paulo 1950, rcent e L) [11-C-C-SIL&NO b8, 2 100% 100% Int Kapid Tranbs.. ™ 67 65% Int Rap Tr 63 stpd, 15 & Int Rapid Tran 6s.. 24 Int Rap Trans 7 > 7 Int Gt Nor 53 1956.. 10 Int & G Nor 1st 6; Toho E! Pow 1 lut&GiNor ad) 663 1 Tokiot . InLKYSCA6872... 2 TokiobieTve It Ry CA 8%sret. 25 Utd Kingm 6%8 37. P Kan City Ft S 4 6 Uruguay 63 1960... 5 Kansas City 8 3 2 Vienna 6s'62. ; Kansas City 8 6 T Warsaw 78 68 7T 7% 71 | KanCity Term 12 Yokohama & T 90% 90 90% | Lake Snor 16 MISCELLANEOUS. ek by o Alleghany Cp 6s’44 73 10015 109 109 | LehiVgen 20 Alleghany 55°49 wi 28 109% 109 109 |Longlsdebss3s.. 1 AmAgriChem 7348, 1 105 105 105 [Louis&Nashunids, | Am Chain 68°33.... 1 9513 951, 5i4|LOUIS& Nashbak. 1 Am Chem 5%scv'49 47 126 12413 1251 | Louls & Nash7s... |1 Am IntCorbbs 49 18 111 110 110 |ManHylstasso... 7 AnSmit& R 13t 102 1014 102 [MarketSt7s40.... 8 s e 0 Mill EI Ry&Lt 4% 2 e MKl Ky & Lbs6l § e Minn & StLref¢s.. 5 AmT&Ts! b s Am Tel & Tel 6% 1 Am Water Wks 6s. 15 Armour&Co 449 39 Z Armour Del 6%8. Assosiated Oils 4o paciniegén 18 AUGUILS b8..00ns 8 . e Mo Pacific 68G 78 11 Bell Tel Pabs B... 14 105t 102 Mo PeRbu oV b et iy Lt s Mont Trm ref 58 41. 5 hlehm Sti pm 68 20 99% 98t 5 5 1000 1003 101 El4sbl.... 2 B 1021 102% 102% | N O Tex & Mbs B.o 2 Bethlehem Steel 1035 104% |NOT&Mb%s...o ! Bush Term BIdg bs. 97 97 [N Y Cengendh 1 Certain-Tdb % srcts 7 5 N 9 9 2 o 1 1 6 o Detroit Edison 6: 5 6 Dodge 6s.... 5 NYStatelly 6%s62. 1 Duquesne 4345 67.. NY Sus&Wn gen 58 1 FEast Cuba SBug T%s NYW&aBins 1 Fisk Rubber § Nor & S gen bs b4 1 Gen Cable 6% Nortulk & W cn 10 Gen Mot Ac C Norineru Pacific 43, 4 Goodrich 6% Northern Pac 68 Goodyear bs re No~thern Pacr i ure Short L rf. Ore Short L bs gtd.. Pennsyl gen 4 % Penna R R 4%3°63. Pennsyl gen bi fl Humble O & R 6 s, (llinois Bell 1at &5 2 baskets, Carmans, U. S. No. 1. medium to large size, mosly around 1.50; small to medium size, H 1.0021.25; Potatoes — Supplies moderate; de- mand moderate, market firm; nearby Maryland, sacked locally and East Shore Virginia, cloth-top stave barrels, Cobblers, U. S. No. 1, mostly 5.50. String beans—Supplies moderate; de- mand moderate, market steady; nearby Maryland, bushel baskets, 1.75a2.00. Lima Beans Demand Light. Tima beans—Supplies heavy; demand light, market slightly weake! East Shore Maryland, bushel hampers, good quality and condition, 3.00a3.50; North Carolina, bushel hampers, besf, 3.00a 3.50; poorer low as 2.50. Corn—Supplies _moderate; demand moderate, market steady; nearby Mary- land, 5-dozen bags, 75a1.50, 1.00a1.2! TR Peas Supplies ‘moderat moderate. market about stea and Washington, 50-pound crates, 5.50 256.00; New York, bushel baskets, Tele- phone, fair quality, best mostly 2.00; ordinary quality and condition, 1.25a 8 - Apples — Supplies _ liberal; moderate, market about steady; Vir- ginia, various early varieties, bushel beskets, U. S. No. 1, 2!2 inches up, 2.00 2a2.25; unclassified, 212 inches up, most- ly around 1.75. 8, ‘Watermelons—Supplies light: demand moderate, market firm; no change in prices; South Carolina, Tom Watsons, 22-24-pound average, 36; Thurmond Grays, 30-pound average, 75a90; Geor- gia, Stone Mountains, 23-pound aver- age, 60-75; North Carolina. Tom Wat- sons, 40-pornd a\- ~ge, 1.25; 35-pound avergge, 100 erch, Pennsy! gold Laclede Lacle 3‘“‘“[‘::‘;‘: Stl IM&S gn s 31, Liggett & M: % | St L IN&S R&G 48, Loew's I SIL&ESFplas A SULS W con 4u 33, Louisv G & k 6852, SULS W 1st 4 ManatiSug sf 1%s. Midvale Steel 63, Mont Pow b8 43. Mont Power deb 6 Mor's&Co 13t 4 48, Nat Dairy 6% » SBAllFlaés35 B 5 0 i oy Sou Pacelt 48. Tel ‘ N Y Tel 68 49 9 North Am Edis 2 0 Am Ed 6% 2 Nor State, e Nor States Pow Pacific Gas & Pan-Amer TexArk F'S 6%8 50, Paramount Tex & Pac 55 C'19. People s Gas §8. Third Ave ref 45 §0. Phila Co bs 67. Third Avead) bs... 1 Phila & Read 6 Tol Tr L&P 6%8 30 Philips Petro by s, 4 88 43 83 " Plerce-Arrow 8 Xl 200% 109%-190n | Disier & Dl 4n 58, Por Ric Am Tol 1 97 97 97 Postal Tel & C 6 22 9 924 9215 Pressd Steel Car$a 2 92 92 92 | Union Pac 4l ingtonAr 6832, 1 Uniospacts = Rem Rnd 6%s war. 31 Sinelatr ONt [] Stnciair O} 5 Sinclatr Ml s 15 Nineran Cro Skelly 01t [on wow vore BONIDSsmoce axcaes] | (INVERTIBLE LIST 101 OF BONDS STRONG Market Broadens Out as Some of Recently Lagging Issues Advance. BY CHARLES F. SPEARE. Special Dispatch to The Star. NEW YORK, August 1.—A revival of speculative interest in some of the convertibles that have been lagging re- cently and more activity in the newer issues of this type caused a broadening out of the bond market today. American Telephone 4'5s advanced to 190 compared with 186%, Wednes- day's closing, and their previous high of 191, before they met some profit.tak- ing. International Telephone 4l2s were inactive, but 2% points up. Southern Pacific 4!;s made a gain of nearly a point in selling at 98, which is a new high record and compares with their low early in the Summer of 89%. Investment Trusts Steady. The convertibles of such investment trusts as Allegheny Corporation and American International Corporation were steady. American I. G. Chemical 5158 gained a point at one time. Kreu- ger & Toll 55 and Lautaro 6s sold in practically the same price area after the latter had cut down the 2-point gap between them. The largest gain was in Philadelphia & Reading 6s, amounting to 3 points, with transactions on a large scale. The newly listed General Public Serv- ice 5155 rose 2': points. General Steel Castings 5'.s were up about a point. Two bonds that have for a long time been conspicuously weak, namely Hud- son Coal 5s and Florida East Coast 5s, showed new life, the one rising a point and the other 15. The local transac- tions were also strong, having recov- ered 4 to 6 points from the level of & week ago. Mortgages Under Pressure, The ‘high money rates, with indica- tions that credit conditions are not | likely to relapse a great deal, kept the | mortgage issues under pressure and | diverted funds into either the con- vertibles or stocks. The United States We Recommend Breese Aircraft Corporation Common Stock CIRCULAR ON REQUEST For Washintgon SOUTHERN BUII DING District 0409 2 I WILL SELL @ 95, City Inv. 6'3%, 1938, t. Mort. Inv., prd. @ 100, 50 Wardman Real Est. & Inv. @ 40, 20 Units Capital Title & Guarantee @ 165. THOMAS L. HUME 1412 G Street i Nat. 1346 Nat. 4733 j Second Southern ! Bankers Securities : Corporation ; Capital Stock An investment trust with experienced management. Price at the market Write for full details. | STEINBRros.& BoycE | Established 1853 Woodward Building WASHINGTON, D. C. Main Office: Baltimore, Md. Members NEWYORK, Baltimoreand Washington Stock Exchanges Associate Members New York Curb Exchange Underwriters - Distributors INVESTMENT SECURITIES Wasnincron Orrics 737 15th Street N. W, Telephone, National 1053 \ WOOL SELLS WELL. BOSTON, August 1 (Special).—Ter- ritory 58s and 60s combing wools were fairly strong on today’s wool market. Sales were reported by most houses. Territory combing clean was quoted at 93 to 95; French combing 92 10~93, half blood, 93 to 95; three.eighths blood, 90, and quarter blood, 79 to 80. Fine Ohio fleeces were quoted at 38, grease basis; half blood, 44; three-eighths blood, 44 to 45, and quarter blood, 43. Money to Loan red st on real estate. |- first deed of S Wil B Y ¥ N.W. Government list did not move much % from Wednesday's level. o 4 ‘Trading in fo issues was small. ‘There are many sinking funds operat- ing in dollar obligations from month to month and involving the retirement in the aggregate of a considerable num- ber of bonds at a time when thére is practically no increase in the supply of new issues. This is a factor that steadlly improves the techiical position of this section of the bond market. — DIVIDEND BOOSTED. NEW YORK, August 1 (#).—Directors of the Motor Wheel Corporation have declared a stock dividend of 20 'per cent in addition to a cash dividend of $1, the latter being twice the usual cash dis- bursement. The stock dividend is pay- able October 1 to stock.of record Sep- tember 5, while the cash payment will be made September 20 to stock of record September 5. First Mortgage Loans Fair Rates of Interest J. LEO KOLB 923 N. Y. Ave: Di COPPER IMPROVES. NEW YORK, August 1 (#).—A marked improvement in the ,appear- ance of the copper market h&s been a feature of the past week, Engineering and ‘Mining Jeurnal reports. Sales in both domestic and foreign markets have improved. Zinc and tin are qulet, while the demand for lead rose con- | siderably, an average of 1,000 tons a | day having been sold. . ! 5027 Mortgage Money Loaned At Low Interest Rates Tyler & Rutherford Representing Mutual Benefit Life Ins. Co. 1520 K Street National 0475 G. M.-P. MURPHY & CO. New York WASHINGTON Philadelphia Richmond London MEMBERS New York Stock Exchange Washington Stock Copy of our “Fortnightly Review” on Request 1508 H Street Connecticut at K \ National 9600 Private Wites and Telephone to New York | Cissel & Company | erations of FINANCIAL . i LT Agency, Inc, owned by a majoril the railroads of the c’(’)um.ry, jges%u:é in more than $14,000,000 being avail- able for distribution to the participating s 1500 Miles of Carpet Honore de Balzac wrote of a merry character named “Merca- det,” one of whose get-rich-quick schemes was a plan to manufac- ture silk-lined paving blocks for the streets of Paris. $14,000,000 DISTRIBUTED. NEW YORK, August 1 (#)—May op- the Rallroad Express Yet on over 1,500 miles of road in ‘ Newberry County, South Carolina, a blanket of coarse cotton is stretched as the erosion-proof foundation for paving—and so successful has been the plan that ] a second stretch is being similarly /s treated. The difference between Balzac’s wild scheme and the successful plan of modern highway engineers i8 simply the difference between wasteful luxury and efficient use. It’s the same in the way you spend your money—you can squander your surplus on useless luxuries, or you can put it to work for you successfully by sav- ing and investing in some reliable security, In the 6% First Mortgage Notes we sell there is not only an at- tractive and unfailing interest vield for you—you will have the assurance of safety, proven by our record of ty years without loss to any investor. SWARTZELL, ‘Il RHEEM & HENSEY CO. MORTGAGE BANKERS 727 15 STREET N.W./ WASHINGTON D.C. (Incorporated under th Registrars: EmpPIRE TRUST CoMmPANY, New York. BROTHERHOOD NaTiONAL BaNK, Portland, Oregon. ’ 40,000 Shares Breese Aircraft Corporation e Laws of Delaware) Common Stock (No Par Value) Transfer Agents: NITED STATES CORPORATION COMPANY, New York. BROTHERHOOD NATIONAL Bank, Portland, Oregon. ‘ ' CAPITALIZATION Common Stock (No Par Value) *12 | HISTORY AND BUSINESS: The Breese Aircraft C e emes—— 2 Joperdte the busin | Company will continue the manufacture of five:, | Corporation of Oregon account of the success that was had by the “Aloha,” a plane assenger cabi i was a winner in the Dole trans-Pacific air race to Honolulu. The corporation will purchase all of the ass Island in the City of Portland: PURPOSE OF ISSUE: Funds procured from the sale to purchasers and to begin quantity production. OUTPUT AND MARKET: the “Alpha™ type. sal meet existing demands. Of such ships Breese Aircraft Corporatio: should produce gross revenues aggregating over $600,001 into large production. PROSPECTS FOR BUSINESS: expenditure for adve: A PROVEN PRODUCT: ng. longer in the experimental stages. to seasoned and éxpetienced pilots. These facts are further b Breese monoplanes now in operation. The “Aloha™ itself a to Honolulu is still doing service in the United States. TYPE OF AIRPLANES: The Br planes of the five-passenger wind motors, ficient motors to meet all anticipated requirements for 1929. mapping, commercial needs and other requirements. Only a airplancs of this class and character. PERSONNEL: Vance Brecse, an outstanding and favora = president and chief test pilot for the Cor, ! ‘Secretary. The Aeronautical Engineering Corporation of Sai The majority of the board of directors of the Oregon Ciwipa ing interests identified with Portland, who have agreed to con VANCE BREESE, President, Breese Aircraft Corp. James H. LyncH, President, Mortgage, Bond & Acceptance Corp:, Portland, Ore. CaptaiN A. I EAGLE, Air Corps, United States Army. Henry Havex, President, Hayek & Co., Portland, Ore. . * T. P. RISTEIGEN, Vice-Pres.,, American National Bank, Portland, Ore. Vice:Pres., Pacific Bank Corporation, Portland, Ore. President, First National ‘Bank, Silverton, Ore. Bartlett, New York, New York, N. Y. Tel. BOW ling Green 3443 ki \ & R I ing materials, completing unfinished ships now in the proce Aiircraft Corpora These planes have a cruising radius of approximately 800 air-miles and a speed of 130 miles per hour. Planes of this type and so motored are approved by the Acronautical Branch of the Department of Commerce at Was ington. The corporation has a favorable contract with the Wright Aeronautical Corporation for the delivery of suf- - | Legal matters will be passed upon by Mr. Bradley A. Ewers, Portland, Oregon, The Company has agreed to make application to list this stock on the New York Curb Exchange. To be presently Authorized Outstanding . . *100,000 shs. 85,000 shs. 1123 shares under option until August 1, 1931 to Mr. Vance Breese, President, at $15.50 per share. s | My, Vance Brezse, President of the Corporation, has summarized his letter to us as follows: orporation of Delaware has been organized to acquire, own ess of the Breese Aircraft Corporation of Oregon. The in monoplanes heretofore produced by the Breese Aircraft Breese monoplanes are already very widely and favorably known throughout the world on of Breese manufacture which, piloted by Martin Jensen, ts of the Breese Aircraft Corporation of Oregon including its buildings, air- plane manufacturing equipment, contracts, good-will, right to use airport, and uncompleted planes. At the invitation of prominent Portland interests, the plant of the corporation will be located adjacent to the Municipal Airport on Swan of this offering are to be used for the purpose of purchas- of manufacture for delivery During 1929 it is estimated that approximately 12,000 airplanes will be required to Of these it is thought that about 3,000 will be planes of n will be able to build 50 ships the first year which, upon 0. The Company proposes to follow a conservative pro- duction policy believing that it is good judgment to establish its business upon a sound and substantial kasis before getting Popularity of the planes manufactured by the Breese Aircraft Corporation is - best evidenced by the fact that over 700 inquiries have been thus far received by the Company for ships such as the “Aloha.” These inquiries came voluntarily without solicitation and without any So remarkable was the performance of the “Aloha™ in its trans-Pacific flicht to Hono- lulu that the Aloha-type plane which the Company proposes to manufacture is no It is a proven product, with an air-worthiness and stability that at once recommend it orne out by the hard and exacting service rendered by the fter the heroic and historic flight over 2,100 miles of water ation of Delaware will continue in the production of mono- irl- cabin Aloha-type, powered with 300 H.p. Wright W Ships of this type are necessary for air mail, express, aerial very few other manufacturers in the United States produce bly known figure in aeronautical activitics, will continue as poration, Bert V. Chappel, Treasurer, Bradley A. Ewers, n Francisco has been retained as consulting engineers. ny consists of Portland business men and bankers represent- tinue to serve as such in the Delaware Corporation: B. E. PALMER, Gen'l Mgr., Northern Pacific Terminal Co., Portland, Ore. C. W. Tracy, Madden, Tracy Company, 43 Exchange Place, N. . Bert V. CHAPPEL, v Vice-Pres., Brotherhood National Bank, Portland, Ore. Braprey A. EWERs, Attorney; Member, Oregon Bar Association. Crype G. HunTLey, Collector of Internal Revenues, U. S. Government, Portland, Ore, §. K. ParDEE, Assistant Manager, Peoples West Coast Hydro-Electric Co. o the Compans, and Messrs: Simpson, Thacher & for the Bankers. Price: $15.50 per share ' Madden, Tfacy Company Mortgage, Bond & Acceptance Corp. | i 43 Exchange Place - Portland, Ore. n._hrgrq.fi- Eontained herein, while not uux,uma. has been obtained from sources which we believe to be reliable.