THE SUN AND NEW YORK HERALD, MONDAY, MAEOH 22, 1920,
13
i
Orders executed tn all
Pittsburgh
Securities
Eq
uitable Triist Co.
Stock
Mechanics & Motals
Nat'l Bank Rights
Bought & Sold
HOLMES, BULKLEY
& WARDROP
members
A'ftf Yor Slock Exdanf
Plllshurth Slock Exdantc
Un on Dink Bldr.
Pittsburgh
61 Broidwij
NtwYork
Buyers in Many Countries
State- Their Wants to Com
merce Department.
CHINA SEEKS MACHINERY
Greek Firm Wishes to Act for
U.S. Exporters India Souds
in Demands.
jmiiiiiiiiiiimimiiiiiiiiiiiiiiiiiiiig:
i Montgomery
iWard & Co.
nc.
Z Circular en ttqvtsU
H. HENTZ & CO.
ESTABLISHED 1S38
2 22 TVilliam Street
2 3j Congress Street
NTew York
Iloston
2 .Arm5fr!i c
2 AVij Vorfc SocJt Exchange
2 .Vfir Vorfc Coflon Exchange
iV'ir J'orJt Coffee onJ Sugar ErcAanje
2 .Vf v York Produce Exchange
2 (Tiircgo Board p Traits
The weekly list ot trade opportunities
gathered by tho Dopurtmcnt of Com
merce Is given below. Detailed Informa
tion reRardlnr? these trado chances may
bo obtained by American firms throucli
Tub Sun and New YoriK IIeraui. pro
vided the Intcrrosator specifically states
tho number of tho item und places each
Item on a eoparato sheet. Ills query
will then bo forwarded to tho Depart
ment of Commerce, tMch In turn will
ffupply lilm with further data. As the
information Is Intended by tho Depart
ment of Commerce to bo given only to
bona fldo American firms, thosa wish.
Ins tho data nro, required to fill out a
blank which may be obtained at Room
73 4, Custom House, New York City.
Readers are cautioned not to send
! nimrlAi dir..,.,!.. .a tl.n nnnn.t.nnit f
....... .v.. w..v.J IV VIIU till. 1,1 V.
Commerce, ns The Sun and New YortK
Heuald's serial number, due to the In
tricacies of compilation, differs from
that of the Department.
tub Sum ano New York Herald
does no-, furnish credit ratings or assume
any responsibility as to tho financial
status of business men or Arms abroad.
Those desiring United States goods and
what they want are:
1302. An American exporting firm hislnjr t
reprnentatlre In CMns desires to receive quota,
llori on machinery for the. prnsrat!on of
tapioca from tho roots, root-wifltloff mills,
rasplnjr machines and mills for tannine the
shredded roots before tner are dried, and all
equipment for handling tapioca.
-B63. A wholesale and retail merchant In Fin
lind desires to purchase and sccuro an HKcnry
or "ttii ttni1 woollen textile and lry coo.l.
-3jlt. An agency Is deelred by an engineer In
KHRland for the salo of electrical Industrial
Hurltr.
SjiW. A trarelllng salesman In South Africa
ojal'ej to feciire an agency from manufacturers
r elt hits of all irriidoa for men and tys.
-m. The purchase la desired It a firm In
jorwny of glue, gum arable and label gumming
umchluery.
237. a merchant In Scotland desires to
secure an agency on a commission basis for tho
Ml., or hosiery and knit good and espwlall
fleccca lined underwear.
-,($ firm In Kmrlsnd dlrea to purchase
"n.dlately forty two ton clime.
A firm of general merchants la Egypt
d( Il to nnrchaw fifty firemen's aiei.
-iiU. A former commercial director and nates
IB
yy
en
Sturdy Fire-Proof Construction
insuring low maintenance cost is easy to
specify, but difficult to attain except through
good workmanship. The Whitaker
Glessncr Company realized this when they
had their Wheeling warehouse built by
The Foundation Company
Engineering Constructors
NEW YORK CITY
CHICAGO DETROIT NEW ORLEANS ATLANTA SEATTLE
PITTSBURGH PARIS. FRANCE SAN FRANCISCO
MONTREAL VANCOUVER
:iiiiiiiiiimiimiiiiimiiii!iiiiiiiiui7
FOREIGN BONDS
Frankfort
Hamburg
Leipzig
Munich
Mains
Manheim
Stuttgart
Bremen
Berlin
Coblenz
Cologne
Danzig
Dusseldorf
Darmstadt
Dresden
British Government I
French Government J
Italian Government
Belgian Government J
DrWpiire Circular and Price on Rrqvett
Farson,Son&Co,
Members New York Stock Exchange!
115 Broadway, New York
manager In llelglum de!res to n ure the rcpre.
femation ot nrms for the sale of heaMng cqu.n
ipijnt for buildings, such as radlatom, toiler,
!-- uuu act vyrits.
W.F.Ladd&Co.
Investment
Sccuntfes
New York
Elk Basin Cons.
Refining units recently
added give thrs company
the third latest refining
c,.city in Wyoming.
Complete details given in
current issue of
Financial Forecast
Ottier Issued Tftl:
Invincible Oil
At.C'o-Afi.cr. Oil
White 0S
Sitiims Pet.
Cities atrice
Sent tfim rtcutH.
AtkSr Xv. in.
GERMAN MUNICIPALITIES
Industrial Obligations
at
Lowest Prices
WE ISSUE INTERIM
Bank Certificates
of the
LINCOLN TRUST GO.
1 Wall St., N. Y., ns Trustees
ALFRED R. RISSE,
50 Broadway, N. y.
Tel. Broad 4204-5-6-7.
r-T-onworfAeJo!fcj!rJaly9iioa)nj
A mjTchant firm In Mexico dcsirei to
pn rebate ;00 ream of paper. not and I-ial
Knp. similar to simple" which were fornnrded.
nd nnv be examined at tho bureau of its
district offices.
Africa Want Woollen Mill.
-372. A man In South Afrlc.t nrnrv. f.
erect a woollen mill nn.l w;ti.. tn min.ii.c.
I omiplete equipment. conWinv' of bcoup!k.
UJJ,'P- pmuine anil tvcotuiz umcuinery.
.-aiS. An Importlaj firm In tiennany taring
large warthou at Its d!siKial d..lrea to
represent American . flnua (n tlw Mlo ot all
raw minerals and ready mado goods: also to
la? cuarce or warenousKcr CWI OJia ciin
mlMlon and cah collection!.
oit. Aii American companr with oojuicc-
in jnion ae-nrea to get in toucn with
flnua from ncoin he could tnrchao mH bark
for tannine pnric for erpcan ti Japan.
An Import and export agency firm In
the Maltese Islands deslrc3 to aecttre an awncy
nud oatabMah a depot fir tb Ml aad distri
bution vf cuM!eiie. cnxle oil and petroleum;
also to secure Ktouraslilp acoac!, forn-aixllii;
ngenek'S ami coal cmtraot.
-370. A firm of 1mtTter In N'etr Zealand
dealrtu to secure an agiixry for tliei tain of
high cfcitw gn-ery line confccinerT. claw,
lates, candy l.ues, chemicals, household novel
ties, hemi and Jutn manufactures, exrlonires,
cartridges, aluminum "are. motor cars, farm
tractnrs and motor firla.
177. A manufacturer In South Africa de
sires to purch.it-.- cwiejj building material, aui-h
ai rims, rr.1t'S. ho'. ixli. spring l,.l fur
nlturo. wheels, tvgmold". dn-ii watornroof can.
as, ready made etit,u., motor c.irs not already
repreacnCiHl lit somli Atr.cn. uiotir u i Kiriea.
cabaret makinir o.n!.. ti.rtio buiiipn nixvaui.
ties. comirateU Iron btOslcada and cheap nudy
munn lunuuire.
1379. A camuierdal agent In IWgWra desires
to securft an ageiu-y oa ccmm.M.t- for the
wil of mllleil cotton, ticking; duck for tents
and mattreoo and otnulls.
237P A icm In Mi-vloo desire to purchase
machinery of all klsds used In the QAnufacturo
of cement
LMO. Vn agency Is dcn-el Dy a merchant in
Italy for the je of wlnto metal an.1 ilvcr
plated tableware, eswclaby orks, k -lrea trd
t.!iw ikI cutlery lu general, and ;aalt tools
far Industrial DlM'licres.
A comnic-vlal agent In Argentina d.
tttTLS to so-irre an aemy for the wile of iruu.
steel. tn Plite. aralmni'M clr. p",n, mjI
phato of copper, caustic toda, ihloride of lima
Bi.it t nrd barrel aNk.
A tiilBRing a.'l tansing iirm witn nean
offlcei tn a city f tlrw-co, wurklivr to pro
rnote trade between Gw'i", the .Near !;it
nl the I'nlted States. Is desirous of coramu-nfi-itio..'
wiUi flra with r. lew to aelllng gen
eral tnerchiijf.w, inrtmiiarlT flour, sugar, rico
Olid c-iffee. WarclxHii facllltlM are ATMble,
irwiiT organircu tor a nAp.tm men' r.
Finns In India ttcillnj In harnca-
makera' and rosch lroamongeri' (Hit.pliea desire
to receive quotations for the pmchase of car
riage ba-dnure nnd woodwork, artificial
leather, genuine leather, enamelled hides aul
Morocco hides.
Itmunnln Isi Seeking; Cotton,
M4. A Coxemment departmer.t of Rumania
desires to be placed In relations ltli firm
exporting cotton In all foram from bale to cloth.
JiSr.. A commercial agent tn Danslo dc.lres
to senire an agercy on n commls.ton basis for
the salo of groceries, food urodu.-ts. nirtlcularly
coffee, bacon, laid and oils, for the manu
facturo ot soap.
2T0. An Imiwrter In Portugue- Kast Africa
desires to purchase and secure an agency for
the aale of sairuiill machinery, light motor
lorries, railway material, motor boat engines,
novellloa and Ironmongory.
37. A cotton mills agent In Knzland desires
to purchase stiK-klnetle material to bo made
tin Into underwear as near as nnth!A lllo.
ample which was forwarded and may be ex
amined at th.' IiuriMii or Its district offices.
ISIS.-). A commercial aeucy firm In Argentina
destrca to secure au agency for the alio of
American eottoniiceu on.
!M). A banklmr Institution tn rtulmrii de.
lire, lo nurt-hase edible vecetable ollv ueh
cottonseed, peanut, annflorer, corn and scsarno
oil, shoes and shoe materials, and aluuluam
cooking utensils and wares.
. uovenimeflt rouroan in one or the
South American republics desires to nurehasn
ca-pound rails for thirty mile, of railroad track.
ien muea or aui race ran ana inree oU'toa rack
ocomotlrerf.
libl. A dealer in boots and ahoea an,t ene.
rlago and molor accesHirlei In indl .Jeslrcei to
purchae samples and recelte uotatlons f. o. b.
New Tork on boots and alioes, carriage hard.
ware and woodwork, artificial leather, genuine
leather, carriage loirs, enamelled huu ami
Morocco hide".
1302. A military governor la a city of Syria
desires to receive catalogues, price Hit and
fiiH-uuma un American nana ana Bieara plows,
barrows, drills, nwwers, reapers, rakes, thrash
ing machines, cleaning mills. Ac, with the
Intention of pttrchaslfer for the local lorern
ment. Information as to how to order by tela,
graph should bo Nmarded. 1
-arj. a rixiTirt tn Danzig dertre to pur
chase pipe tobacco, leaf tobacco and cigarettes.
To the Holders of Undeposited
Interborough-Metropolitan Company
Collateral Trust 4Vz Gold Bonds
At the request of this Committee the Trustee under the
Trust Agreement securing the above mentioned Bonds has
declared the principal of the bonds to be due and payable and
has filed proof of claim under the Trust Agreement against
Interborough Consolidated Corporation in the bankruptcy
proceedings pending against it. The Committee considers it
advisable that, in addition to that proof, proofs should be
filed in the names of the bondholders nd it has filed such
proofs on all bonds deposited with it, constituting a majority
of the entire issue. A substantial minority of the bonds,
however, have not been deposited or otherwise proved, and
the time for filing proofs in the bankruptcy proceedings ex
pires March 29, 1920'.
So longas a large amount of the bonds remain undeposited,
it will also be difficult for the Committee to cause the stock
of Interborough Rapid Transit Company to be sold in en
forcement of the Trust Agreement and lo acquire the stock
for the benefit of the depositors.
Bondholders are, therefore, urged to deposit their bonds
on or before March 26, 19Z0, with GUARANTY TRUST
COMPANY OF NEW YORK, the Depositary of the Com
mittee. Against such deposits the Depositary will issue its
negotiable certificates, which are listed on the New York
Stock Exchange.
Nnv York City, March 19, 1920.
Cravath Si Henderson,
Counsel,
John A. Griswold,
Secretary,
140 Broadway,
New York City.
Charles II. Sab in. Chairman,
John Mcliugh,
Charles A. Peabody,
Charles S. Sargent, Jr.,
Frederick Strauss,
Committee.
TRANSACTIONS ON STOCK EXCHANGE
Continued irom Preceding Pane.
Range 15.'0.
Hlglf.i 1.1w.
1SI Ui
I Dir. Dir.
ilnl.lY'eM.l
Sales.
I nigh.
Swiss and Dutch Have Many Needs
2391. An lmnorter in Rwlfrerlnn .t...
purchase all kinds of commercial, industrial
agricultural and fine arts snppllea. uus'"'"'
2300. A company of Importers In The NeUter
lands dslrcs to purchase and secure, an agency
for everything that can be Imported to UollanS
and the Dutch Kaat Indlca.
JJSeo. A shoemaker In cttlls desires to par.
chase, a machine for repairing nhoes.
239, . lie preen tj Hon In desired by a com
mercial atrent In Danifjr fcr the rale of general
merchandise on a coxaxntMlon bs1iL miHMii..i.
-interested k food products, groceries. " lani.
salt, buiiiiina- hardware and material, cement
vehicles for country use and lubricants.
ZtOi. A merchant In Spain desires to porchase
cottm and pan? tape.
S!9i A dealer In. construction material In
Itelglura desires to secure an sgeacy rev the
sale of industrial and cotutrncUoa supplies.
2100. An aaency Is derlrod by a nun In
Switzerland for tb solo of.coal catUe feed
and general merchandise.
"W. a merchant firm ta rhs Xetinrtands
desires to purrhaee office ftirmrufi! and eaoln
ment. tmewrlfers. dumlcatnra coevtn mn.
, cldne. calculator aod safe.
-to--. An tericuitunst and rennbeT of a com.
merclal onetnlaitlvn In Syria desrre-a to re
celta cstttictiee, price lists and dlecounts on
agricniisrO favultraents of all klndX passen
ger ears c4 tlgnt ail heavy automobile truck i.
2lVi. An iisiiMUJK firm la Imlia (Kslret to
be placed in common Ira don with merchants
ami mannfactnrers et dyr. iaili-aU. proTl
lons hardwire, mill stores, elecrrtesl goods
and general sundries .with a view to securing
sole agencies.
"104. A merchant In Daralc destres to aeenrn
ail aiwcy for the sale of 'food products, cro
crrles and nartlrularly lard, bacon, dried
frulL chocolate anil tea. 11a In A)r lnfeMtrt
I In lubricantt. fats and drugs and chemicals in
KCTOTSU
240 214 I 8, 3.1.0
12 10?i 1 8.00
SOU 73?i 74c 1.87
48 3l?i .. ..
82 hi 64 6 3.01
91 89 7 s.53
105 6 6.90
20 18
BSi 50 I S S.S3
148 120 J S 5.71
45 39 4 9.01
8GM 50 4 4.75
115 80, 7 6.51
220 1004 T. 2.27
53 41 3 C.71
12U 9U
231 166'(8 10 4.83
207 153
204 158
46 23 ..( ..
17 12 ..: ..
226 205 81 3.19
93 61 6 8 28
106 90 71 7.31
38 20 . . ' . '
66 54 '5 S.7J
33 28U 2.50 8.00
96 87 8 8.99
33 27
125 !U0 10 S.19
G9 65 4 6.03
43 40 4 8,16
130 130 9 6.92
53 48 3 6.91
206 176 12 COO
13j S?i .. ..
29?i 20 .. "..
96 6: 3 3.89
23 15 ..
55 43 5 10.00
31 23
78 53 6 8.82
116 77 8 8.00
56 40
113 31U 8 7.08
116 110 8 7.16
116 110 S ..
75 61 6 8.47
47 44 3 7.40
109 92 6 4.91
115 109 7 6.20
80 68 6 7.73
12 9 .. ..
69 42 6 8.89 !
78 59 4 6.19
112 106 8 7.17
91 76 6 7.06
10 7 .. ..
31 20 .. ..
20 14 -
66 43
12 8 ..
20 14 .. ..
27 21 .. ..
65 54 4 9.25
89 31 7 7.85
119 106 7 6.14
65 48 4 7.46
65 64 4 MB
C5 64 4 ..
14 9 .. ..
22 16 .. ..
68 49 4 8.43
32 22 1 8.90
93 83 7 8.00
82 64 S 6.67
130 120 8 6.40
116 111 7 6.31
95 67 6 7.14
76 69 C 8.22
700 Senwar-l Air Lino pf . . .
700'Sears Roebuck Co
1300'Shattuck Ariz Cop ,
60900Shell Trans & Trading..
137100 Slnclali Consol Oil
lOSOOiSloss-ShcIfleltl S & I....
200Sloss-Sheffield 3 & I pf..
151100Southern Paclllc
21500iSouthcrn Hallway
3000!Southorn Riilway pf
lOOjStandard -Milling Co...,
3200Stewart Warner Speed.
42600Stromberr Carbn cx dlv.
302600 Studebakcr Corp ,
22300 Stutz Motor o.t dlv ,
8300 Superior Steel Corp
6500Tenn Cop & Chem
119900
900Texas Co full pd sub rcts;207
300
122900
1600
.1050
20000
700
33100
1200
100
200
54300
17400
200
2700
100
200
12800
8100
S100
45500
1600
300
100
32300
131)500,
0100
187900
800
S7
3700
100
16S100
2200
22600
1800
104000
14100
600
100,
2700
6200
100
Texas Co cx dlv.
IS
235
12
81
45
77
94
103
2.1
140
15
85
109
220
53
11
19
600Wells Karfjo Expreaa.
Texas Co 30 p c pf sub r.
Texas & Pacific
Third Avcnuo
Tide Wator Oil
Tobacco Products
Tobacco Pioductn pf...
Transcontinental Oil ...
Transuo & Wms Steel..
Twin City It T
Union Das & Paper....
Union Oil
Union Pacific
Union Pacific pf
United Alloy Steel
United Cigar Store)....
United rus Co 1st pf..
United Fruit Co ex dlv.
United Ity Investment..
United Ry Invest pf . . . .
United Retail Storc3....
U S C I Pipo & Fdy....
U 8 C I Pipe & Fdy pf .
U S Express
U S Food Prod Corp...
U S Ind Alcohol
U S Realty & Imp
U S Rubber
U S Rubber 1st pf
US Rubber pr pf
U S Smoltlwr, R & M...
U 8 'Smelt. II & M pf...
U S Stoel
U S Steel pf
Utah Copper
Utah Sec Corp
Vanadium Corp
va-Carolin.i Chem
Va-Carollna Chom pf...
Va Iron, Coal & Coke,..
Wabash 4
Wabash rif A ,
Waoaah pf B
109
52
65
12
20
66
21
87
73
124
111
80
73
3
1
8200 Western Maryland
1400 Western Maryland 2d pf .
10700 weotarn paciiio
1200 Western Pacific pf
600 Western union Tel
800 "WeBtlnfrhotue Air Brako.
13200 Westlrmhouso K & hi.,,.
100 Wostlnff E a M 1st pf...
40 Westing- E A U 1st pt, . .
3800 Whoelinc & Lake Erie..
200 Wheel A Lake Erie pf...
18900 Whito Motor ex dlv
66700 Willys Overland
600 Willyo Overland pf
svou Wilson & Co..
400 Woolworth F "W
100 Woolworth F W pf
22400 Worthlwrton Pump ....
200 Worth Purnn nf B ex div
Tie da calculated on last prices.
Odd lota. Note Odd lot transactions nro not recorded In separate line
unless Uo Truro mado at price- outside of the regular full lot range,
aVl
46
17
229
73
96
28
62
31
89
36
123
66
49
130
51
13
28
78
19
60
30
70
102
54
114
111
110
71
104
113
78
11
(!0
78
111
So
0
28
18
55
11
17
27
65
89
114
54
65
64
12
21
62
26
87
77
125
111
86
73
Low. I Last
Net
Ohge.
17
233
11
77
42
72
93
99
24
67
140
42
68
93
144
48
10
199
202
201
40
15
209
68
93
23
59
31
89
33
121
06
44
130
60
199
12
26
74
18
48
30
67
92
60
103
111
110
69
47
112
72
10
53
70l
110
85
9
27
IS
64
10
15
24
62
IS
235
12
80
43
74
93
102
24
58
140
44
84
108
220
62
10
211
207
201
45
15
229
72
9fi
26
61
31
89
35
122
60
49
130
61
200
13
28
77
19
50
30
68
100
52
113
111
110
70
47
103
112
77
10
67
77
111
83
9
27
18
54
10
16
27
64
89
114
63
66
64
12
21
62
25
87
75
125
111
84
73
-
-r 3
1
T -
1
16
3
14
11
78
5
12
17
12
3
27
4
1
1
1
1
2
4
'
n
2
1
3
7
3
6
2
2
4
4
12
6
1
2
1
. 1
1
'
3
4
"w
2
NEW ISSUti
130,000 SHARES
Alvarado Mining & Milling Company
(of Maine)
CAPITALIZATION
Authorized 1,200,000 Shares Iaaued 350,000 Shareo
Par Value $20.00 Per Share
The Company has no bonded Indebtedness except $51,000 First Mortgage Bonds remaining from an
authorized Issue- of $1,000,000, the retirement of which will be effected on July 1, 1920, It has no
notes or preferred stock. After giving- effect to the present financing, the Company will have net
quick assets In excess of $2,000,000 for the further enlargement of its operations.
Hie i
Company was organized in Maine in 1910 and Is protocolized m the Republic of Mexico. The property
is one ot the world's great silver mines. Production tor 1918 ana 1919 was in excess oi z.ouu.uuo ounces,
of silver each year.
The Company maintains a large engineering organization tor the investigation ot mining enterprises through
out the world. It will be noted that there are 850,000 shares unissued, which remain available tor the ac
quirement and development ot additional properties.
A. J. McQuatters, President ot the Company, who has successfully developed and operated the property
tor the past ten years, will continue to direct its affairs. Mr. AlcQuatters introduced modern mining and
milling practices in the Parral District of Mexico, and .was the pioneer in northern Mexico in the treatment
. of ore by the cyanide process.
After a thorough investigation, under the direction of W. Rowland Cox, mining engineer, cover
ing a period of six months, the Mexican International Corporation has taken a substantial
stock interest in tho Company and is represented on the Company's Board of Directors.
The following are excerpts from a summary by President A. J. McQuatters from his letter lo the bankers:
During 1919 the plant operated the equivalent
of 338X days and milled 176,095 metric tons of ore
This yielded 2,038,736 ounces of silver and 1,591
ounces of gold, equivalent to a yield per ton of 11.6
ounces of silver and 0.01 ounces gold. Ore treated
In January, 1920, was 17,168 tons, and in February
In excess of 18,000 tons. The construction program,
now under way, calls for on increase in the capacity
of the plant to 1,200 tons per day, or 36,000 tons
per month.
Earnings: The net earnings of the properties,
before depletion and depreciation and interest on
the bonds (all of which are shortly to be retired),
and after taxes, were in 1918, 8767,558, and in 1919
approximately Sl.150,000. It is estimated that the
net earnings for 1920 will be in excess of 51,250,000,
based upon silver at S1.10 per ounce.
Examinations: Titles to the property have
been approved by Curtis, Mallet-Prevost & Colt
and the legality of the issue of new stock has been
approved for the Mexican International Corpora
tion by the above mentioned firm and also by
White & Case, and for the undersigned by Davies,
Auerbach & Cornell. Audits by Price, Waterhouse
& Company. Reports on ore reserves, metallurgy
and equipment by the following engineers: Franklin
W. Smith, W. Rowland Cox, b". M. Hamilton and
Dr. J. E.CIenneil.
A careful review of the engineering and operat
ing factors has been made by Rogers, Mayer & Ball,
who have been retained as consulting engineers, and
they concur in the proposed program for the en
largement of the plant. They also estimate future
operating costs on the enlarged scale of operations'
at S5.10 a ton. Thus on the ore reserves estimated
by Mr. Smith, the profit after paying Mexican
taxes would be S3.31 per ton, taking silver at $ 1.25
per ounce.
Properties and Location: The Company owns
four groups of mines, namely, The Presena Group,
Tho Palmilia Group, Las Cruces-Cabadena Group,
and Las Animas Aline, which, including mill site."
comprise approximately 700 acres, situated in the
District of Parral, State of Chihuahua, Republic of
Mexico, within five miles of the City of Parral
and 517 miles by rail from El Paso, Texas. Plants
are of modern steel construction, and ore operated
by hydro-electric power purchased under contract.
Further than the above, the Company has recently .
acquired the Terrenates Mine, which has a vein
extension of 1,000 feet on the Veta Colorada ledge
and is located about 2,000 feet from the Company's
Presena Group.
Ore Reserves: The ore reserves estimated as
of November 21, 1919, by Franklin W. Smith, a
mining engineer, amount to 2,086,000 tons of pos
itive ore of an average grade of 9.2 ounces silver
and 2,592,000 tons of probable ore averaging 8.7
ounces silver, a total of 4.678,000 metric tons of an
average grade of 8.9 ounces silver. He considers
that there are also excellent possibilities for the
development of additional ore over and 'above that
now in reserve, not elone in the Presena Mine, but
in other properties of the Company in the Parral '
District, particularly the Palmilia Mine.
Development on the 'owest level shows that high
grade ore occurrences, similar to those previously
mined above, will likewise form a part of the tonnage
to be hereafter mined below. A grade of 12 ounces
is expected in this horizon, with consequent larger
profit from such ore.
Production: The Alvarado Mining & Milling
Company began operation in 1911, and up to the
first of the current year produced 923,000 tons of
ore, containing approximately 15,000,000 ounces
of silver and 12,500 ounces of gold.
It is expected that application will be made to list this stock on the New York Stock Exchange.
Temporary certificates will be deliverable pending engraving of permanent stock certificates.
Price $22.50 per Share
. Full descriptke circular will be sent upon request.
Knantti Nariioi? & KitfiM
120 BROADWAY
NEW YORK
Ths Information containsJ In this advertisement Is not guaranteed, but Is believed to te correst.
Buying Future Income
Making an investment is, in effect, buying a future income as the two in
dispensable features of a sound investment are. provision for the return of
the investor's funds in full at some definite date, and the payment of a fixed
annual income for the use of his money.
Bonds provide the most convenient method of buying a future income as
they not only embody these two features but can be selected to return one's
capital when wanted, are available in various denominations, are acceptable
as security for loans and are readily marketable. Bonds, being marketable,
must fluctuate in price according lo economic and general conditions, but
these fluctuations do not concern investors who buy for income with safe
return of principal.
These price changes, furthermore, act to adjust the income on old, outstand
ing bonds, as well as new issues, and so permit investors to take advantage
of the fact that, just as the consumer must pay more for commodities today,
so Governments, Municipalities, Railroads and Corporations must pay cor
respondingly larger annual sums (higher rates of interest) for money bor
rowed. Desirable investment bonds, both seasoned and new issues, may be purchased
today to yield from iT3fo to over 8. The same bonds a few years ago
sold to yield frc.7i 3J4 to less than 5$. Money invested today buys an
income which largely offsets the increased cost of living, and assures to the
investor a continuance of this high income after the prices of commodities
have declined to nearer a normal level.
If you will consult lis, we may be able to suggest how you may safely in
crease your income, and shall be glad to submit to you a carefully selected
list of old and new investment bond issues.
We niggeit you ask for List B-lll
Harris, Forbes & Company
Pine Street, Corner William, Nw York
Harris, Forbes & Company
Incorporated
uoiion
Harris Trust and Savings Bank
Bond Dtpartratnt
Chlcsro
One of the Eastern Railroads
covering the chief industria. cen
ters east of the Mississippi a
continuous dividend payer for
65 years overlooked in the pres
ent market
PENNSYLVANIA
RAILROAD CO.
vhkh is pertinent for an analysts
at this timer-so ire hare prepared a
pedal report
FIVE ESTABLISHED OILS
that hare not as yet participated to
any rxtrnt In the market Imovement
rcneratnl bj the higher prices for oil
and its products.
7n addition lo thi &nte, ths usual
features and discussions on:
Convrroducti Amer. Safety Razor
KtunTibaker No. Amer. r. r.
Baldwin Loco. Carlb Syndicate
In the Current Issus
MARKET OPINION
Gratis on request for JD-J7.
R. H. M.-.cMASTERS & CO.
Members ConsolUated flfoct EreA., N. V.
69 Wall St. New York
Hanover 9S3B. Ground Floor.
Special Letter this week on
AMER. SAFETY RAZOR
Recent Special Letters on
SWelly Oil
White Oil
Federal OU
Cosdrn Oo.
Submarine Boat .
V. 8. Hteamshtn"
Tin. Profit Shsrfnr
Ueyden Chemical
Copies upon request
CSTABlISHtO 1003
Members NY- Curb Morbet Assn.
23 BROAD ST. " NfcWYDRK.
Telephone Broad 7171.
STANDARD
WEEKLY
UUMABI
ON
iTAMDAJlD OIL
ISICEJ
WILL Bl
ii in i
TO
" LVTESTORJ
I ON EKQCMT
CARLH.PFORZHEIMERfcCQ.
rmsats Ht-l-i.-t Brta4. II BrsaaSOLi;
LIBERTY BONDS
All denominations bought for cash
Dased on th rlMin w n,.
St:.93fori50 3Wr. Itond, SJ Coupons
StJ.llforaMO !d4W Bond. 1 Coupon
SIS.01 for SSO Sd Bond. No Coo?on
S45.40foraMO 4th 4V& "oad, 2 CouSSil
SlS.SJforaJO th4r. Dond 7 Coupoal
rUKUY & CO.,
1
Tel. John 3171-3.6-7, s rlne 6t X TV
I