District Court, D. Oregon November 9, 1925, No. 5653 (In re Morris Bros.)

BEAN, District Judge.

Prior to the adjudication, the bankrupt was engaged as a broker, buying and selling bonds. At the time of the adjudication it had outstanding a contract with the city of • Edminston to purchase from it bonds of the par value of $1,500,000. The bonds were in the possession of a local bank, with instructions to deliver to the purchaser upon payment therefor.