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11 FOREIGNERS SEEK AMERICAN WARES Opportunities Offered to U. S. Manufacturers to Increaso Overseas Trade. . RIGHTS Lorillard General Electric International Motor Truck $3,426,000 FEDERAL LIST IS GIVEN Gathered by Department of Commerce, Which Will Sup ply Additional Data. Carbon St$e (All Issues) THE SUN rANP NEW YORK HERAfrP, MQNPAY. 'APRHj 26, '1920, HOLMES, BULKLEY & WARDFiOP MEXtnEn; Nttl Yor Stock Exchange Plltshursh Stock pxthantt Union Bank Bldf. Pittsburgh (1 Broadway THE CANDY OF THE SOUTH "THE business of The NunnaJry Company, makers of The Cindy of the South, has shown a steady increase since its incep tion thirty-five years ago. Stock of The Nunnally Company is now listed op the New York Stock Exchange. An illustrated booklet, dealing vtith this company, will be sent without obligation, upon request. Securities Sales Co. 64 Peach-tree Street Atlanta New Orleans Memphis Charlotte Oirminthom Jacksonville Tho weekly list of foreign trade op portunities gathered, by tho Department of Commerce Is given below. Detailed Information regarding theso trade chances may bo obtained by American flrma through Tun Sun akd New York Hr.RAU), provided tho Interrogator spe cifically fetatos tho number of the Item and places each Item on o. separate frheeL His query will then be. forwarded to tho Department of Commerce, which In turn will supply him with further data. in? am As the- Information is Intended by tho Department of Commerce to be given only to, bona Ada American firms thoso wishing the data aro required to fill out a blank -which may- bo obtained at room 731, Custom House, New York city. Headers ore cautioned not to send queries directly to tho Dciurtmcnt of Commerce," ns The Sun ant( New Youk; IlEitALD's serial number, duo t,o the. intricacies of compilation, differs from, that of tho department. The su.v and New Yokk Hcraj.d does not furnUh credit ratings or assume any responsibility as to tho financial status of business men or firms abroad desiring United States goods. The list of trado opportunities follows : '.SV50. A manufacturer' scent la Sonth Africa wlhes to re(eli; Information am quotation f. o. U. Xew Vqrlt on an oilseed 'crushing want or a a dav, tlio plant tu crush cotion !. peanuts, i machinery American Gas Eteotric Company's Windsor Station POWER Plants with a total ultimate capacity of more than 500,000 K. W. have been built by The Foundation Company NEW YORK CITY PITTSBURGH CHICAGO SAN FRANCISCO SEATTLE NEW ORLEANS DETROIT MONTREAL VANCOUVER ATLANTA PARIS. FRANCE stationery. Jewelry, for men nad women clocki nnd watches. 5S7. An Amorlmn Arm ha. vn rflnllfwtM rapacity of ahout ten tons of seed i by Its office in tho Netherlands, to purchaw int Ki crusn couou kw, scanuis. machinery .mi pnu nmcnt lor manuiictunnf wMme, wva beans nnd posslilv corn,- iu!ita and comlortera. and.auo machinery lor ul. -V rirm la rnrto Klco eirei to secme rolqlu jKipcr eoulalnera tor prescription the reprcwnUtion of American manufacturers ponders. A commercial nt in Australia ac Atlantic Gulf Oil Corporation Controlled by Atlantic, Gulf & West Indies Steamship Lines. Estimated potential production 250,000 barrels daily. Topping plant capacity 30400 barrels per day. Pumping . station for loading tankers with capacity of 6,000 barrels per hour. Pipe line capacity when com pleted 60,000 barrels daily. Parent company have contracted for tankers having a capacity of 1,118,000 barrels. MOORE, LEONARD & LYNCH aXemierj A'eu J'ort A Pittsburgh Stock BztJutnQcs Frtrk nidr. I'lttsburgh lUB'war New York Rltx-Carlton rhlladelnliU W. F. Ladd & Go. Investment Securities New York Special Letter this .irccA; on Ryan Petroleum Recent Special Letters on He den Chemical Skellj OU Hk Uasln I'etroL Federal OH . Vltaudau Submarine Boat Copies upon request ESTABXtSHED 1903 Members N'-Y- Curb Market Asm. 25 BROAD ST, flEVV Y.Kf Tclephona Broad "171. of rts,lr nude, cMhlu-i and mwi'i furnUbluss. 2.Va. A merchant firm In Spain wishes lo secure on agency 'or tho ale In that country and Fortugtl of electric wlrlnff ami lighting equipment, motor and dynamos, automobile scceasorles, cutlery and tool. A commercial ascot In Switzerland de slrca to represent American Itras la tho salo of knit goods and bouts anJ shoes. 25M. Tho State railway of a country, in Eurvpa. Invito offers of material for a supply 61 Usbplnto bolts, rails, spikes and other slinl' lar material. A translation of their formal offer, a. statement nl general conditions for works and deliveries and rpeclflcations and drawing nuj tu examined at the bureau or Its district offices. 2SW. A company In Balsarla desire to secure aa, agency for tha salo of frultn, wood, com (cereals), agricultural Implement, novel ties and films. 2."V5. A firm of Ironmongers, In Scotland, desires to teenre tho sole agency for tho sale of kitchen nnifes, portable tftorec, electrical eoodi", vacuum cleaners, general Iroumontery supplies, cutlery, Ac. 2UT. A Aim cf grain dealer In ralestlno doilrea to purchase flour of different itnul.. 2.VH. A merchant firm In the Netherlands desires to scMire a;vncles ami purcniao as bratM, asbestos packing, and ail machine room requisites, copier, ateam tains, cocks and tlttlncs (bra-is), bvltlnta and felt fasten Ins, grinding wheel, and grinding machines, llabnltt's metal, whlto metal, cutting tools, hacksaw blados and other til MaJos, con sistent fat, olU and greases, tool steel ami other steel, all mru of tool machinery, lathes, drilling machines, wood and lrtja Worklsit machinery, pipe and other nrcsches, and all sorts of tools. 2.V3). A comalsaloa merchant la Spain do tires (o secure an agency for the Kate of office supplies and any other allele which will find a ready sale In that country J.VW. A merthant firm in Ctecho-SfoTakla deUtM to purchase and secure an agency for cornstarch, ammoniac vodj, OS to 100 r cent.; turpentine oil, rosin and other chemi cals and drugs. 2501. A manufacturing company In fionth Africa wishes to purchase machinery for manu facturing hosiery of every description, and alvi ran material for the manufacture of hosiery and textiles, leather, boots hardware. Ac 2532. A commercial agent In Ireland desires to secure in agency from wholesale manu facturer for the sale of adrertlalng novelties. 2.V13. A commission agency firm In the Netherlands desires to secure an agency for the salo of flour, dried frnlts. Iron and steel. :504. A merchant In Palestine dtslre to purchase and tecure an agency on eommlrsloa for the aale of cotton goods, bulldlne materl- j ala. such as timber, cement. Paints, Iron sheet, beams and Iron bars; box ealf and i.Rlitod sole and upper leather: coffee, flour and other colonial products; writing, wrapping I awl printing paper, shoe supplies, motor cars and trucks, typewriters, office furniture, ,dm?s and mteiir medicines, lubricating oils. oaraffln, candles, olco oil, cocuanut oil, mar garine, canned good, wagons and parts, hard warn and tools and Iron Udsteads. A merchant la Ireland dealres to get In touch with wholtalo manufacturers for the purchase of oil cakes tor cattle feed. 23&1 A firm of wholesale dealera In Den mark dealrea to purenaso from manufacturers and exporters canoed good (fruits, flail and mushrooms), dried fruits, apices, nigh grade chocolatea and confectionery, blaculta. pickles, sauces, fine shaving and toilet soap, perfumes, toilet articles, fine cigars and cigarette. 23C7. ' An agency la dcalred by a merchant la France for the sale of food rroducta and gen eral merchandise suitable for department stores. 2503. Tho representative of a firm In Guate mala ie la the United States and desires to secure an agency for the salo la Central America of clothing, hats, ehoea, hosiery, ooyel tie and notions. Mn Tin, American rmresfntatlve of firms in China desire to get In touch with exporters i for the sale of coal mining and handling uia I chlncry. cement plants, chlorlnatlon works, sugar machinery, flour milling machinery, match making machinery, cotton spinning and knitting machinery and rubber plantation ma- 2J70. A firm In France desires to get Into communication with exporters for tha purchase of rice in very largo quantities. 2571. An agency on a commission basis or salary la desired by a tniu In Spain for the sale of tailors' goods, such as cloth, linings, buckles, buttons and map fasteners. 2572. Catalogues and prices are. dealrea by a man In South Africa for the purchase of pes splitting machinery and a machine for making hominy, . . ?t.i.t A- rnerrhint in the Xetherlanda desires to purchase and secure agencies for the sale of rarlous brands of cliarcttcs ami well known fires to si'curo an agency frou manufacturer for the sale of silver plated ware, mirrors, brushes, celluloid, toilet articles, Imitation precious Htones, rolled gold Jewelry and any other Hoe suitable for the nholesale Jewelry and fancy gonda trade, 23M. Buyers of raw materials f papr manufacturers asd other Industries In Belgium desire to GOevrJ ogeocles for the Mlo of H articles relating to Industrial construction, jis well as for line, sheet Iron, rusln for paiwr manufacture, Ac. 'KilQ. A merchant In Canada, who has facili ties for handling wait-house atocls. deslrra to sveure an ngeccy for the sale of KWds suitable for whole-sale dealera la that rectloa of the country. 25D1, A company la Australia desires to pur chase about five ton per month of asphalt saturated felt. 2.".92. A mervhandlng company In India n slrcs to purchase, ploce g(tds. hosiery and otlir eoft good, haberdashery, stationery, steel goods plates, bars, rods, ancles, beams, Ac, hardware and wire products; chemicals, caustic si!a, locks and sundries. 2593, A commrclaI agent la Ireland dosing to secure an agency from manufacturers for tho sale of office supplies, typewriters, Ac, of good quality. 2. A merchant in Canada desires to secure an agency for the sale of powdered milk, food stuffs, all grocery products, drug sundries iud canned or condensed foods. MONEY AND EXCHANGE. CALL MONEY FOB WEEK. ' i All Industrial Open 3 lllgh 9 Low 6 Last 8 Ve.ir'9 lilgh IS Year's low 6 Mixed Collateral Open , 9 High I-niv G 1-at-t War's high... "25 'War's low TIME LOANS FOll WEEK. -Mixed Collateral ' All Industrial Sixty daj s SSH, Sixty day Ninety days S S-SVi Ninety days 8H3 Four months....! S5 Four montlis....Sl4 Five months. ... CfSH'l'lva months. ...tH Six months 1 SH!Slx months SH FOREIGN EXCHANGE. LONDON. , Demand , High. Low. Last. Monday $3U Tuesday S.tSli WILL SELL 1,000 Shares Babcock t Wilcox, ltd. Ordinary Shares Frank Charcot, Jr. 25 Broad Street New York Telephone Txoad 62Q0 , Merrill, SpicerMfoCo. Lypch 8pfd.stod & Co. GraQar c-es 120 Broadway. N.Y. Wonferi Next V0fa Siaci, Excfontt brands, rsirtlcruieriy Virginia uienus. An agi-j is osireu uj a luctvuaut m France for tM ale of American goods on a commiMlon of S rer cnt. 2575. An importer In India deslrea to pur ciaso and secure an agency for plcee gooda and yarns." '2570. A furniture manufacturing company In Kewfocndland desires to purchase and secure an agency for office, househrld." school and lodge furniture of every description; mattresa, ticking and msttresa bin J tag," fl.tor canvas, linoleums," carpet rugs and squirts, lamps of all descriptions (electric snd oil), bed sprite machinery, cabinet hardware, ateam furnaces and radiators,' brass bedstead, mirror plates, white wood, oak, manogany. crockery ware, leatherette, aofa springs, wall paper, refrigera tors, varnishes, stains. Ac.; sewing machines, blankets, pictures and picture frames, clopka and enamelware. 257T. A merchant firm In Greece desires to purchase stationery and toys. 2578. A member of a firm of Colombia is In the TJalfMl States and desires to secure an. agency and purchase Itatldnery, school supplies, hooksellers' novelties and office appliances. I 2."7n. A merchant In Chile desires to be placed In ejynmuQicatian with makers ot ma chinery for the manufacture of rubber goods of every description, suds as rubber overshoes, raincoats and but water bottles. 25M. The representative of a firm In ,New rslsad"ls In the United State and desires to "secure an agency and purchsa toys, fancy goods, hardware, machinery and dry good, such as duck, drills, oues, cretonnes, cnamorsy. hosiery,' knit good, gloves, underwear, wooleu good and all kind of cotton good. 2481. A merchant in the Netberlanda desires to purchase and secure agencies for the sale ' of good quality shoes of all kind, particularly bijh class ladle'hoe. t 582. A firm of merchants la France deslrti to purcuaso Iron and brass bedstead, Jural 1 tur. carpets and rot. " I5SJ. An engineer la Belgium desires t secure the general agency on a commission Wednesday Z'jl'i Thursday XS9H Friday Wi Saturday S.S7U Hlih. Jtonday Tuesday Z.t6 Wtdnesday Thursday lHOJi Friday 3.S3 Saturday J.Si I.H4 S'lUi 3.i7V 5.S -Cables-Low. $3'.'n 3.M!i 3.W 5.S7H asm 3.Sl'.i 3.SS Last. $J ii 3.92 S.S9 3.MK 3.I7H rnis. nigh. Monday 15.'J7 Tuesday 15 M Wedneday It 30 Thursday 16.W Friday '. .S5 Saturday 15.00 Ulgh. Monday 16.ru Tuesday 15.55 Wednesday 1S.I7 T-hurwlay .'. f8.47 Friday 16 62 Bat unlay 16.SJ BERLIN. High. Monday t.M Tneiulay l.Cl Wlneday l.ct Tliursday 1.65 Fridsy 1.65 Saturday - 1.65 -Demand-Low. 16 1 16.lt 16.39 1C.63- 17.C) 1 16.53 Cables Iow. 16.20 16 IS 16.57 16.63 UK 16.95 Last. 16.13 M.IJ 16.35 16 62 17.01 1A95 Last. 16.09 16.0J 16.U 16. CD 1.5 16.9S High. Monday 1.65 TueKlay 1.65 Wednesday 1 67 Thursday l.Cl Friday 1.66 Saturday 1.C4 -Demand-Low. l.W 1.59 l.W 1.63 161 1.61 -Cables Low. l.l LCD 1 67 1.61 1.65 1.65 Last. 1.61 1.53 1.66 1.63 1.61 1.(1 Last, 1.65 1.60 1.67 1.6-1 1.65 1.65 STOCK EXCHANGE SALES. Vow York Stock Exchange sales week ended April II, 1S20: - STOCKS. 19M. 1919. 1J1. Monday 1.K9.SM 1.55S.6M 5A976 Tuesday 1.60O.7M 1.433.CJJ U3.230 Wednesday i.OK.m 1.673.U0 S1.115 Thuixlay 1.9W.SO0 l.an.m Frid-V 1.4J3.C5I l.O:0,5 149,415 Saturday 413,721 24,0 14-S.0SI Totals R,7I.WI Year to date J2.SCC.525 7.MUJ5 62.772. tU 2.C6S,iS0 40.CC3.UI BONDS (FAB VALUE). Monday ... Tuesday . . Wednesday Thursday . Friday .... Saturday .. Totals 1920. J15.99l.0o0 13.U3.0O0 I0.6C1 W 22,1S;.D00 :o,u;.oti0 6.639,000 J8. 009,000 Teat to date.1.240,921,000 1919. S13.23S.000 12.63S.O0O 274.000 1J,343.0 9.371.00O 6,12,000 SC7.166.000 1.057.576,003 1911. J5.S06.KIO C,t7,CW 6.1M.O0O 4,136.000 E,3M.000 4,657.000 J36.143.0O0 426,711, ,000 Bank Open Domtnlcan Brancnea. Seven new branches haye been opened by the American Foreign' Banking: Cor poration In tha DomlnlcanRepubllc, as follows: La Vea, San Francisco de Macorls. Sanchez, Santo Domingo City, Puerto Plata, San Pedro de Macoris ami Santiago do los Cuballcros. The branches supplement the broad facilities already established In tho principal com mercial centres of tho far" Kast Latin America and In ether parts of the world. TRANSACTIONS IN STOCK EXCHANGE Continued Jrom Preceding Pane. Range 1920. tllgh.1 Low- LIBERTY BONOS denominations bought for cash. ... ,.iJttee "n tho eloslna- we pay: lor a 5ws;4 Ilond, 35 Coupons !!:";'' 2JVir. Bond, I Coupon sniiil 1 asona,iosopons s7iI0,am "". I Coupon I H.60foratJ0 atl4nr. Bond, 7 Coupons I PURDY & CO., l John J171-W1-7. 34 rise N. T. basil for tho ille, of U industrial prpducu or specialties relating to me mining industry such as drilling and pile driving hammers, mill electric apparatus, lubricating tresses, tnichlna tools, electric lamps, and rubber srlleles. " 25L An erency Is desired, by a firm In LPortusal 1 the sale oi noiierr. rubber S5J5. A merchant In Finland desires to pur chase and secure an agency for all kinds of garden tool, lcnlvts. scissor.- spray pumps, watering pou. trowels, garden lertairera and all kinds of garden seed. 1ZM. A dealer In Honduras desires to pttr chass men's rtody made clothlnr, shirts, neckties and all kinds ot blzjb graiio dothlo; 94 ',i 116 105ft 26 6 850 113 51 HSU 126 101 60 102 47 13Vi 43 '47 17 007 05 106 66 36 200 127 as 125 69 U 53 14S 221 13 4 96 25 65H 37 78?i 116H 116 76 1 U 109 11 804 12i 97 112 9S 10 31 20 76 12 32 6 89U 119 55 11 22 69 32 93 ' 82 .33 " 145 76 DlT, In J 89 110 8S IS 50 700 106 39 50 S0 97 41 101 43 3 44 12 205 61 8S 64 174 28 16S 86 27 Ti HQ 62 40 125 176 8?i 15?i 43 6 63? 77 97 40 91 103 61 44$ 92 109 68 3 42 G9 106 76 I4 26 14 48 8 20 52 82 106 4S 9 15 49 20 84 H C4 26 120 67 6914 S 2.50 6 8 7 8 8! 6 3 a Dir. iY'eld. 7.4 7.2 6.36 9.09 2.50 6-66 9.14 4.91 6.36 7.12 12.06 8.00 9.09 3.71 9.32 7.86 8.70 7.S0 4.21 6.96 8.57! 6.37 8.94 5.S0 5.71 4.36 10.00 9.09 8.99 7.18 7.S8 7.27 9.26 7.71 5.21 6.34 8.42 7.6 o.69 7.32 6.32 6.78 8.27 6.22 $.04 C.S8 4.60 8.31 7.3S 6.74 8.30 S.57, Sales. I 200Sloss-Shcffleld S & I 100 South P R Suar pf 83100 Southern Pacific 23700iSouthcrn Railway 1400Southern Railway pf.... 720 Standard Oil of X J 4200Standard Oil of N J pf... 8600'Stewart Warner Spocd.. 3l300iStromburg Carburetor .. 380400'Studebaker C(?rp 300(Studebakcr Corp pf 4100lSupcrior Steel Corp 100 Super'r Steel Corp 1st" pf 300Temtor Corn & Fruit A.. 16700'Tcnn Copper & Chem.... 245300iTexas Co 200 30SO0 200 100 27800 1000 93900 Texas Co G p c paid Tejcas & Pacific Third Avenue. Tide Water Oil Tobacco Products Tobacco Products pf Transcontinental Oil .... 400 Transuo & Williams' Steel 100 Twin City 11 T 100 Underwood Typewriter. . 1600 Union Bag & Paper 33700Unipn Oil 3000,Unlon Pacific 3100'Union Pacific pf 3700iUnitcd Alloy Steel 200l'nlted Drug Co 17S00,UnUed Fruit Company.. 300 United Ry Investrrent,. . 1200 United Ry Investment pf 67000 United' Retail Stores..... 1900 U SCI Pipe & Fdy 800 U S C I Plpo & Fdy pf . 1000 U 3 Eicprcss .'. 45300 U S Fpod Prod Corp.... 90300 U S Ind Alcohol 100 U S Ind Alcohol pf...".. 7700 U S Realty & Imp 16S70O U S Rubber , 1000 U S Rubber 1st pf 140,0 U S Smelting, R & .M. .. 200 U S Smelting, R & M pf . 69S500 U S Steel 5o00 U S Steel if 11300'Utah Copper 400 Utah Sec Corp 337100 Vanadium Corp 12700 Va-Carollna Chora 300 Ta-Carollna Chem pf . . 1300 Va Iron, Coal & Coko... 4700 Wabash . 9500 Wabash pf A 3Q0 Wabash pf B t.. 1800 Wells Fargo Express 3200 Western Maryland .. 4600 Western Pacific 100 Western Pacific pf 1000 Western Union Tel 700 Wcstlnghouse Air Brake 12S0O Westlnghouso E & M. . . . 9900 Wheeling & Lako Erlo.. 2000 Wheeling & L Erie pf... 352"00 Whlto Motor 80400 Willys Over cx dlv ex rts. 700 Willys Overland pf...... 300 Willys Oyerland rts 2700 Wilson & Co ex dlv 200 Wisconsin Central 2000 Woolworth F W 16300 Worthlngton Pump .... lOOJWprthlnston Pump pf U. High. 94 no 99 22 66 753 107 49 105, 123 ?i 98 54 101 43 H 49 172 43 14 215 V2 90 23 61 32 190 115 33 120 64 49 139 220 10 23 79 21 52 ? 74 100 99 62 110 110 68 46 105 1U 76 9 95 78 8 25 16 63 10 23 59 87 112 62 11 16 65 24 83 72 28 140 70 : Low. 94 110 93 20 54 700 ' 106 42 75 104 97 47 101 44 10 44 173 33 13 215 63 88 17 57 32 190 112 29 116 44 133 205 C3 46 6 641; 87 99 51 97 109 64 46 95 109 70 9 73 67 109 92 22 16 65 9 26 69 84 110 ' 49 9 13 65U 20 84 67 28 139 71 70 94 110 94 21 55 72S 106 43 81 110. 93 49 101 44 10 45 172 34 13 215 64 89 18 57 32 190 113 30 116 '62 133 213 22 13 50 7 66 83 99 65 102 110 64 46 96 110 71 9 78 70 109 95 7 23 16 65 9 Z7 69 84 112 49 10 15 68 21 84 ' 67 28 139 70 Nit Chge. 1 4 1 1 23 T4' 6 23 13 1 . . 2 6 li Z v ' 7A i i 24 I ' - & '.7 1 t ft - 3 -1 10 - 7 3 2 2 - 4 -1-! - 5 - 1 -10 J 4 -" I -io va 7 4 8 V 4 " t 6 S 2 ' 1 2 . 2 E t --2; : 2 -7 . . ,, ft hi 3 10 Island OU Complete details and discussion of Metro politan Petroleum Island Oil settlement. Atk for circular No. 146 Sent uiitwi obligation M S Wolfe Co. ESTABLISHED 1006 41 BROAD Sr. NEWVORK- Phone-Brtad 23 Central Agujrre Sugar American Book American Manufacturing FREDERIC N. HATCH & CO. . Eeta.bllsb.ed 18S8. Phone Rector oho. ?4 Il'nar. New vri, WHtE CONNECTIONS TIk Boston, Chic, r-blla..' Montreal and Pittsburgh Equipment Note Collateral 7 Gold Trust Crtifficate3 , . . Series One Payment Uncamf itlenally Guarantee by General American Tank Car Corporation Maturing semi-annually November 1, 1920 to May 1 1923 Dated May 1, 1020. Certificates have privilege of registration as to principal. Ail cer tificates in denomination pf $1,000 except $200,000 of last maturity of $500 denomination. Free from any Normal Federal lucerne Tax up te 2 payable at the source The Trust Certificates bear the unconditional guarantee by endorsement of General American Tank Car Corporation (of West Virginia) to pay principal and divi dends as they mature, x The following information is taken from official sources: The business of the General American Tank Car Corporation was established, in 1902. Under able and -progressive management the Company has grown until it is now recognized as the largest manufacturer of steel fartk cars, in the world. Its plants are located in East Chicago, Ind., and Warren, Ohio, and its cars arc sold ir the principal markets of the world, In addition the Company docs a large business in the leasing of cars to shippers. All of the capital stock of the General American Tank Car Corporation is owned by and constitutes practically the only asset of a New York corporation of the same name, whose common and preferred stocks have a present market value of approximately $1(5,000,000. The consolidated statements of gross income, as officially reported, show an increase of from less than $2,000,000 in 1913 to over $19,000,000 in 1919. Net income, after payment of taxes, available for dividends upon stock, increased from about $325,000 in 1913 to over $2,500,000 in 1919. t These Trust Certificates will be issued by the Harris Trust and Savings Bank as Trustee and will be payable out of the proceeds of Equipment Notes deposited with the Trustee of face value at least equal to the amqunt qf Trust Certificates issued. The Equipment Notes have been given to the General American Tank Car Corporation in partial payment for steel tank cars of standard construction. Average price of cars sold under these serial partial payment contracts is about $2,800 each. No trust certificates will be issued in excess of $1,500 per car. Title to the cars will be held for the benefit of the trust certificates pending the pymcnt of the total amqunt of the Equipment Notes under each sale contract. For delivery if, as and when issued, on or about May 3, y20. We recommend this Issue for Investment All maturities at prices to yield 7h Complete circular on request Harris, Forbes & Company New York i First Trust and Savings Bank Chas. D. Barney & Co Chicago New York $3,500,000 The Granby Consolidated Mining, Smelting & Power Company, Ltd. Five-Year 8 Convertible Debenture Bands Dated Jay 1, 1920 Pqe May l; 1935 Interest payable in New York May 1 and November 1 CENTRAL UNION TOCST COMPANY 0? NEW TOK, TRUSTEE . frwn jlonds In $1(X) and Jl.(XX) denominations, trrrltcrablea-s to principal. Redeemable In whole or In part on 00 days' nolle from May 1, 1921. to May l, 1023, at 110 and acCTUtd Interest; thereafter at 10S and accrued Interest. Conversion privilege expire on date of rodemptlou. . v CONVERTIBLE AT OPTION OF HOLDER INTO COMMON STOCK AT $55 PER SHARE CAPITALIZATION Authorized First Mortgage G I$qnds due 192? (as of May 1, 1920) $57000,000 Five Year 8 Debentures due 1925 (this issue) ! 2,500,0.00 CapitaKStock (par $100) i 25,000,000 Outstanding Sl.SOO 2,5O0,$ad 15,000,420 From, a Idler from Ifr, T Crabbs, Vice-President of the Company, andfrom other official sources, ve summarize as follow: PROPERTY: in the Provi The Granby Consolidated Ming. Smelling & Power Company, Ltd., is incorporated vincc of British Columbia, Canada, where it is enlaced in minine and smcltinr? conner nr. The Compqny qwn,s copper pre reserves of about 22,484,0.73 tons, also smelter plants with necessary auxiliary apparatus having a capacity of 8,QOO,Q0Q pqunds of copper per month. Tho Company is tho largest producer pf copper in the Dominion of Canada. EARNINGS: The nverage operating profit for the seven years ended June 30, 1919, was $377,803, or over eight times the interest on the outstanding Mortgage ant Deben'turo Bonds. All legal detail? in connection iciA thit usue trill be passed upon by Mesas. Steele Otis for the Company and by Messrs. Chadboune; Babbitt & Wallace and Messrs. McAdoo, Cotton & Franklin for the Bankers. Price 100 antf accrued interest to yield 8 ' Haydeo, Stone & Co, White, Weld & Co. As all of the aove bonds hayo been sold, this advertisement appears as a matter of record only. The information contained herein is not evaranteed, i4 has teen obtain trtm sources vMcJt tc btllete to is accurate and reltatU ii . rrm"mmmmmmmri i rT ' i i , a BANK OF AMERICA STOCK CLINTON GILBERT 2 WJj St, N.Y. TeL 4343 Rector Conley Tin Fol Bcatht-SoU Quoted LYON and GO. $0 Pint S, N.Y. Tel. JHa 8S4 TOBEY & KIRK Member N. Y. STOCK EXC11ANOE Sewrillgs Op, of N.Y. Cons 4$ The National Bank of South Africa, Ltd. Resources Exceed $287,000,000. 10 Will Street . NeivYprk lt.E.SAVNDEn8.Atn