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The sun. (New York [N.Y.]) 1916-1920, November 21, 1919, Image 13

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Executor Chartered 1822 I. Trustee The Farmers' Loan and Trust Company Nos, 16, 18, 20 & 22 William Street Branch Office, 475 Fifth Avenue At Forty-flr- at Street New York London Administrator Foreign Exohange Paris Guardian MemberToderal Reserve System and New York Clearing House, $685,000 Bergen Count y, New Jersey Bridge and Road $ Bonds Dated December 1919 Due Serially 1921-194- 1 Exempt from the Federal Income Tat Tax Free In th Stat of New Jerioy Legal Investment for Savings Banks and Trust Funds In New York and New Jersey Bergen County Is one of the largest counties in New Jersey, including Englcwood, Tenafly, Ridgewood. Hack-ensac- k, Rutherford and many other high-grad- e residential communities suburban to New York. The population is officially estimated at 205,000 .and the net indebtedness, including, this, issue, is less than 2,il of 'the assessed valuation. t t Price to yield 4.60 Complete information on request i i Harris. Forbes & Co Pine Street, Corner William NEW YORK Brooklyn, Queens County & Suburban Railroad Company First Consolidated Mortgage Five Percent Gold Bonds - s t til - ' To the Holders of Bond 8 secured by the First Consolidated Mortgage of the Brooklyn, Queens County & Suburban Railroad Company. Brooklyn, Queens County & Suburi.n Railroad Company's properties being in the hands of a Re- ceiver, and default having been made in the pay- ment of the interest upon the above meritioned bonds falling due November 1st, 1919, the under- signed have' consented to act as aCommittee for the protection of the interest of all of the Bondholders. A Deposit Agreement is in course of preparation and when completed will be filed with the Brooklyn Trust Company, No. 2 Wall Street, New York City, and No. 177 Montague Street, Brooklyn, where copies can be obtained upon application. Bondholders are requested to send to the Secretary of the Committee, No. 177 Montague Street, Brook- lyn, their names and addresses and the number and description of the bonds held by-them- . HALEY F1SKE ELON R. BROWN , . CHAUNCEY M. DEPEW jfs . WlLLfAM K. DICK ;i ' j willis Mcdonald , ' Committee New York, November 20, 1919. . \ ' AUSTIN W. PENCHOEN, Secretary, v 177 Montague Street, .. .. Brooklyn, N. Y. V CARTER, LEDYARD & MILBURN, Counsel, 54 Wall Street,. New York City. ,. BROOKLYN TRUST COMPANY, Depository, 2 Wall Street, N. Y. C. 177 Montague Street, Brooklyn, N. Y. Cities Service (All Itsucs) H.F.McConnell&Co. ilembtn AM\. Stock Exchange W rlne St. Tel. 00t John New Tork ll'e make a tpecially tf exchanging $loeh of N. Y. CITY BANKS and TRUST COMPANIES CLINTON GILBERT 3 Wll St.. N. V. Tl. 4ia Btr P01D STERIW FALLS UNDER $4 Drops, to $3,995, lnit on Brisk Buyiins: Goes Back to $1.02 34. TOUCHES LOWEST POINT Treaty Dejection and Working of Eoonomic Factors Given as Bcasons. The prediction of weeks ago that the pemnd sterling would fall below the M mark before the close of 1919 was made good yesterday when the rate fell to $3,905 In the early dealings but at that flcure auDoort was forthcoming and brisk buying carried the rate back to 14.02ft. Its low point was tho greatest depreciation In the history of the pound as expressed In dollars. As the tendency In sterl nor and continental exchange naa been downward for a long time the de clines yesterday caused 110 surprise. In some Quarters the ureaK was ascribed to rejection of the peace treaty by the Senate and failure of the reserva tion! to receive votes needed to pass them. But exchanges respond to eco- nomic law, it is said, rather than to political factors and the overwhelming excess of exports over Imports Inevitably fcpell lower exchange rates, it was pointed out, so long as the trade balance cannot be settled by movements of gold or negotiations of foreign credits. Tno advisability of summoning an Interna tional conference In tho matter of Euro- pean credits and foreign exchange Is be ing discussed in Washington, but local bankers believe that Washington should take the lead In the establishment of foreign credits, and It Is hoped that the Treasury Department and the Depart ment or commerce win join in some movement to enable the continuances of this country's exports, which are likely to be confined to staples without which Europe cannot get along. Banker Discuss Treaty's Defeat. Views regarding the defeat of the peace treaty wero rather mixed' In bank ing circles. Those bankers who have been In close touch with tho Admini- stration and closely Interested In for eign commerce express regret over the event, as It is calculatel seriously to curtail our foreign commerce and push Into the background comprehensive plans proposed for facilitating shipments and establishing foreign credits In tills mar- ket Those bankers aro for that rea son rather despondent over the outlook for American commerce In the near future. They see evidences of Europe's taking our foreign trade from us. On the other hand, there are several bankers, perhaps not to closely identified with foreign commerce, who think that the Senate's action Is a good thing for America. That opinion is bated largely on the general Idea of maintaining our sovereignty and Independence In the world's affairs. Those bankers vlow the defeat of. the peace treaty with com plete equanimity, not. t say eatlsfac tlon. Francis It Slsson, of tho Guaranty Trust Company, in com menting on tho action of the Senate in rejecting the peace treaty said that It was his feeling that the best Interests of this country and of tho civilized world dAtnanded ratification of the treaty. Mr. Slsson said that It was not only a prob- lem of world peace but that tho world's commerce and industry were involved, and that It was unfortunate that any thins should havo prevented a con elusion of tho matter. Mr. Slsson said also that 'While some reservations should unquestionably liav been made to the original document they ought not to have been such as to Invalidate the wholo matter. \It Is to be regretted,\ he said, \that tho officials of the Ad ministration and representatives of our country have apparently not been able to realize this fact and oury personal air ferences to the public Interest. It seems to me that the present 'proceduro Is blocking the wheels of progress.\ niamca he' President. The head of a prominent, bank In the financial district who under the circum stances did not wish his namo mentioned la outspoken In condemning the Presi- dent for tho way he handled the pcaco negotiations and considers that he Is entirely to blama for the result, u aars that now is not the only time in the history of the United States that It has been strikingly demonstrated that no man can issuma to hold the country's destiny In the palm of his hand. \Mr. Wilson,\ said this' banker, \went to Europe In the first place In the face of all precedent and agalnrt the ex pressed wishes of the country. He ig- nored the Senate of the United States and conducted negotiations In 'Paris entirely on his own responsibility. Even his chief adviser, the Secretary of State, admitted that he was not consulted on tccaslons. Since) his return Mr. Wilson jias endeavored to force through a treaty which purported to be of his own making fli'nd would listen to no suggestions from tho legislative Drancn 01 me uovern-men- t. \I do net consider that the defeat of the peace treaty has changed the situa- tion at all or will make any difference In our International relations. We are going to lose a large part of our foreign commerce, but that we would have done anyway. The European Allies would have seen to It. anyway, that they reaped the greatest advantage from the war.\ Another leading financier said: \I am very happy that the League lof Nations Is out of the way. This country has no responsibility In mixing un ill Worm pontics, laa ueciis are now clear. The peaco treaty is In effect We can enter a League of Nations here after on any terms we please.\ CIN., N. 0. & TEX. EEPOItT. Cincinnati, Now Orleans and Texas Pacific Railway Company, which Issued Its annual report yesterday, showed total corporate Incomo of $3,651,221, based on the certified standard return under tho Federal control net. That amount Is a decrease of $1,205,806 from $1,857,027 total coroorate Income reported In 1917, when road operated under pri-.-- Si TV. tnfal nvntlflfclA InMmA after charges was $1,918,183, against $3,278,599. From that total available Incomo divi- dends were appropriated to the extent of $600,000, against $317,020, and $600,001) additional was appropriated for perma- nent Improvements additions and bet- terments, leaving a.' surplus balance to ba carried to nroflt and loss of $806,783. In 1917 the surplus balance was $2,351,953. Tidewater Oil Imperial Oil, Ltd. Magnolia Petroleum Arkansas Gas Common International Petroleum Central Petroleum Pfd. Douglas Fenwick & Co. 34WaU.St.N.Y. Tel, John 340 rT- -f m n 4 THE JSUJN, FKlJJAi, jNUvamrmn ox, xvxv. BUYS $7,000,000 MORTGAGES. British and Americas SelU Farm Loans to Richmond Bank. The Britlih and American Mortgag Company, Ltd., announces that It lias sold the Old Dominion Trust Com- pany of ltichmond, Va., 1U American and Canadian assets, consisting chiefly. of first mortgages on farms In the West, the Southwest and the Alberta section. Approximately $7,000,000 In mor- tuary Is transferred by the deal. For the last forty-thre- e years British and American hoa been lending to farmers In the United States on farms amounts not exceeding 40 to 50 per cent of the appraised value of a farm. In characterizing the nature of those Investments the company states that after Its long experience the United K tat 09 as a lendor of money on farms It does not own a foot of realty this country as tho result of foreclosure. ORDERS RESALE OF STOCK. Advisory Committee Decides Frlce In Metal Co. Case Tno Loir. Because the Government Advisory Committee, which has to pass on all sales of German property by the Allen Property Custodian, has decided that the price paid by Charles Hayden of Hayden, Stone & Co fov the American Metals Company's stock several months ago was inadequate It is to bo resold at public auction on November 30. That anouncement was mado yester day by Francis P. Garvan. Allen Prop erty Custodian. Mr, Iiayden, who pur- chased tho property for himself and associates, said yesterday afternoon, when asked about the proposition, that ne had \no interest In the matter On April 7 the stock of that company was sold to Mr. Hayden at public auc- tion. The crlce that ho paid for the stock was reported aa $140 a share or a total of $4,850,100. The Government Advisory Committee has held .that the shares are worth more than that price and has refused to ratify the sale. ordering a resale Instead, BETH. MOTOR TO ADD CAPITAL. Project Calls for Increase of Stock to 200,000 Shares. A special meeting of tho stockholders of the Bethlehem Motors Corporation has been called for December' 8 to; vote on a plan for Increasing the company's capital stock from 130,000 to 300,000 snares or no par value The additional stock, if the clan be ratified. Is to be sold to present, shareholders at $28 a share on tho basis of a share for three shares now held. The proceeds from that financing will bo used to provido additional facilities to fill large orders on hand, according to a circular sent by the company to Its stockholders. It also calls attention to the fact that the company has received other contracts through British repre sentatlvcs, ono for 4,300 trucks. Of the 70.000 new shares only. 43,334 aro to be Issued presently. Payment must ba made at the Guaranty Trust Company on or before December 29. The Issue. If the plan be ratified by the stockhold era. Is to bo underwritten by a syndicate headed by Tucker, Anthony & Co. Bid. AiU. 47 S2U 18 13 99H 85 7t 60V4 49 9i ,10U 131 35 62 74 60 3o io; 42 36K 39 L4U 64 32 G79i 104U 1SS 103 67 61 30 M 24 100 100 123 S5 954i '104 21 SO 83 53 102 1C3 102 18 15 27 81 15 . 8i 115 124 49 71 99 24?; 61U 157 74 1MH 112 45 11 296 46 83 99 53 6 38 127 67 50 141 the was ....... a to In In 8 86 22 76 104 41 119 75 47 105 113 78 10 68 9 29 13 87 115 63 14 22 64 30 78 97 126 80 49 32H 19 15 100 86 71 50 51 9!50o 10 146H 36 63 75 Cl 37 106 42 37 40 24 64 32 68 106 18'i 104 70 62 30 24 101 102 124 85 96 109 21 80 84 54 102 106 102 18 15 81 15 9 118 12 50 72 99 25 62 165 73 113 113 46 11 293 47 83 100 53 128 147 197 105 ...... i i the j I I I new 63 28 6S 53 51 9 24 02 77 43 120 '75 49 105 113 78 10 68 9 29 12 88 116 54 14 24 63 30 78'. 100 128 81 DlT.I - In I.I fltlrt. 2 2 3 3 3 5 4 5 3 5 8 10 1 10 8 8 Odd lots, 6 5 Plcrco Oil Corp. Pullman GENERAL MOTORS TO READJUST CAPITAL . '! Plan Is Exchange of Ten Nov Shares Without Par Value for One' Common. announcement readjustment of the General Motors Company capitalization, which vtaii Street has beon expecting weeks, was made yesterday by W. C. Durant, presi- dent of the company. That plan, as tne financial district has heard for eonsld-crabl- e tlmo, comprehends fi ten shares of new stock without par: value for a sharo of common stock now held. In making his announcement Mr. Durant said that a special meeting the directors has been called for .No- vember 29 \for the purpose- - of conder-In- g proposed amendment to the cer- tificate ot Incorporation, changing the authorized common capital stock of tne corporation from M&0.000 .shares ofthe par value of $100 each to 60,000,000 shares of no par value, and for Ing ten share of the common \tods of no par valuo for a share of the present common atock the parvalue ot $100 a shares. The 200 New York Dock 2400 New York, H A Hat. 100 New York, Ont & West. 100 Norfolk Southern 1800 Norfolk & Western 2100 Northern Pacific 700 Nora Scotia 8 & 9200 Ohio Cltlts Gas 100 Ohio Fuel Supply 3800 Oklahoma Prod & Ref.. 1100 Ontario Silver Mining.. 100 Otis Elevator 2900 Otis Steel 600 Owens Bottle Co lOO'tPaclflc 200 1'arlflc Oas A Electric. 200 Pacific Tel A Tnl 22200 Pan Am Petrol A T. . .. 2200lPan Am Petrol & rts. 2500 3300 Penn Seaboard Steel.... 500 People's Gas, Chic 900 Pere Marquette 100 Pcre Marquette pf 300 Philadelphia Co 22500 Pierce Arrow Motor. . . lOOiPlerco Arrow Motor pf. 1000 300 100 1100 600 800 4100 001 ti, narcittil for ot to N C T R II That plan, It Is believed, U General Motors Corporation the largest number of shares of stock of poratlon In America If not In the world. the total number of ah authorized, however, but \.0-00- ' shares will be Issued. The corporation a prceent outstanding common stock is $148,000,000. divided tato ,Ji?510 shares of a par value of Under the new plan, shares will be issued for a share of these outstanding, bringing the total number er the new of outstanding shares stock shall have been Issued to r 14.800 000 rema.. shares will repose ' \ treasury to be lasuea . ment deems necessary. yesterday in re It was rumored although no con- firmation quarters, sponsible of the report could obUlnea, the remaining unissued shares \ew plana to. do of stock the company some financing to Proviaeaddltal of that stock Is to sold to present stockholders at js a .n.. 100 Pressed Car . . . . 0 4 4 5 2 7 in- - a w 11 6 11 .. in w BUTTE SUPERIOR Profit.. After Taxes. Are f300,83 for auarter. The report of the Butte and Superior ended Mining Company for the quarter on September 30 shows profits, after is equivalent $300,233. fern of o $103 a share on outstanding capl-a- l stock of $10 par value, rroflu $210,226, 72 cents a share were I! ned in tho preceding W\ In the earned cents a share was spondlng 1918 quarter. For nine months ended on Septemwr 30 the profits Stalled $394,130. share on the against 07 $1.35 a In tho first a share earned on the stock three-quarter- s of 1918. NEW YORK STOCK EXCHANGE PRICES. Coitflnued from Preceding rage. Development.... Pennsylvania Plerco Oil Corp pf. ... .. C C A Louis... Pitts Coal Pa Pittsburg A West Va... Pond Creek Coal Pressed Steel Car Steel pf Co N of Of ba & REPORT. Its of or net St ot rr,: 43 31 19 14 99 84 70 m 50 9 10 114 33 58 73 59 35 103 U 42 32 39 24 48 32 62 104 18 103 69 60 29 23 96 101 123 11600 Punta Alegro Sugar 7 41200 Railway Steel Spring.... 9o son nnilwnv Steel Spring pi. iuo 4500lRny Conaol Cop 21 4l 33S00 Reading . - is? SOOlRemlnston Typewriter... 1200RepublIc Motor Truck... o2 48100'RepublIc Iron A Steel... 100 nn nnnh!lo Iron A Steel nf. 106 28200 Royal Dutch Co 1.... be Last which corre stock, Pitts, 1ft Tint nnil R II ttl J9 jJ400 St Loula & San Fran.... 17 .rfisfln Rt T.oiil.i Southwestern.. 15 ,rftnAlS T .null RmithwCAt Df...l 27 48 32 19 14 99 85 71 50 50 9 10 1(4 36 60 35 107 42 36 40 24 48 32 67 104 18 103 69 62 31 24 101 101 123 S3 96 106 21 80 S3 55 106 106 102 18 18 16 -- 600 Savage Arms Corp 81 81 2700 Saxon Motor ex rts l. ly 100 Saxon Motor rts J 1 100 Seaboard Air Line .. 1ftn Seor.Ttnehuik Co nf.... 117 117 EOOlShattuck Arizona Cop... 12 12 7ftmn ninrlnlr ConEnl Oil 46-- i 50 3400 Slosa-Shcmc- 8 A 1 67 IS 27600 Southern tttclflc 96 99 ? 3300 Southern Railway 24 25 inn gniitliKiri Tlallwiiv nf 61 61 100 Standard Milling Co rts..' 8 S 100 Stewart Warner Speed.. 155 IRo isnn s.trnmhrrr Carburetor...' 70 7S 51100 Studebaker Corp U0 113 2100 Stutz Motor...... 106 113 700 Superior Steel Corp 44 43 1200 Tenn Con A Chem 11 11 8200 Tcxm Co.... 2S7 299 400 Texas Co vts. 61 64 9700 Texas A Pacific 44 47 5900 Tobacco Products 81 83Ts 200 Tobacco Products pf 99 90 19800 Transcontinental Oil 52 53 300 Transuo A Wins Steel... 61 62 4700 Union Oil..... 38 39 4200 Union I'ncUlc 12u 127 300 Union Pacific pf 67 67 1200 United Alloy Steel 50 51 200 United Drug; Co 140 140 1 on United Druz Co 1st Pf... 51 51 ' 1600 United Fruit Co 190 197 100 United Ry Investment... 9 9 30100 United Retail Stores st 700 U S C I Pipe A Fdry.... 22 22 200 U S C I PIpo A Fdry pf. 56 57 3300 U B Food Prod Cprp 73 77 77flfl If H Tn.l Alcohol.. 101 106 tOftllT S Realtv A Imn 41 41 24100 U 8 Rubber 114 120 3300 U S Smelting, RAM.... 73 75 200 U S Smelting, RAM pf. 43 4S 117100 U S Steel 102 100 2800 U 8 Steel pf \\ft 1700 Utah Copper 7 79 500 Utah Seo Corp 10 11 2700 Chem. 63 69 4600 Wabash 8 9 1500 Wabash pf A 23 29 400 Western Maryland 11 12 700 Western Union Tel 88 88 100 Westlnghouee Air Brake. 116 116 2(00 Westlnghouso E A M.... 53 54 2900 Wheeling A Lake Erie... 14 14 300 Wheeling A Lako Erie pf 21 21 4100 Whito Motor 2 64 8300 Wlllya-Overlan- d 30 30 1200 Wilson A Co 77 79 100 Wilson A Co pf 99 93 500 Woolworth, F W 125 126 3800 Worthlngton Pump 73 $1 Low- - Mt. 47 81 19 14 99 84 69 48 30 9 10 114 33 58 73 59 35 102 42! 32 39 23 48 31 62 104 18 103 69 60 29 22 96' 101 121 79 95 106 21 78 79 52 100 106. IS 17 15, 26 15 l 8 117 12 46 67 96 24 60 S l.vr 70 110 loa 44 11 S6 61 44 81 9S 52 61 38 125 67 50 140 51 190 9 84 22 60 73 101 41 114 73 48 102 112 7 10 6 8 28 11 SS 116 53 21 62 30 tfi 99 125 IB? 48 32 19 14 99 85 71 60 50 9 10 144 36 62 75 60 36 106 4 36 39 24 48 32 67 104 18 103 69 62 30 24 100 101 122 So 96 106 21 80 83 63 106 106 102 18 18 13 28 81 15 1 8 lit 12 50. 71 99 24T4 61 155 75 115 113 45 Hi 96 64 46 S3 98 53 62 39 127 67 61 140 61 19S 9 88 22 57 76 104 41 \9 75 4S 106J 113 78 11 9 29 12 88 116 54 14 21 64 30 i 78 99 126 80 Met ' 1 13 3 \ 2 1 ltt 1 3 5 u 2 2& U 2 6 ' 7 1 1 1 1 1 i 2 2 2 2 1 2 1 4- - K - 2 4 1 1 1 3 3 1 1 9 1 U 3 1 1 3 K 2 - \Foreign Trade Through Foreign Investments\ ' Unusual Investments Because of the Foreign Exchange Situation When, on account of abnormal conditions, the currency of one coun- try depreciates in its relation to the mcjney of another country, a situation arises which reacts as a hardship to the one, while present- ing remarkable investment opportunities to the other. In some of the European countries money has depreciated in its rela- tion to American money to such an extent that American dollars will purchase government bonds in Europe at prices from 18 to 60 lower than their value under normal exchange conditions. like this must sooner or later readjust itself through a more normal balance of trade than exists today. Already wc ore receiving news of improvement in conditions in the allied countries. The following figures will indicate clearly the strong position of the American dollar: $1,000 WILL BUY ABOUT 9700 French francs now as against normally 5186 francs 12400 Italian lire now as against normally 5186 lire 219 British Pounds now as against normally 205.5 Pounds 8750 Belgian francs now as against normally 5186 francs It is clear that while the government, internal loans of the allied nations offer safe investments, with the possibility of profits running as htfh as 125, American industry must suffer because of the inability of these nations to purchase our goods in large quan- tities so long as exchange rates continue as they arc at present. It is recognized that the surest way to bring exchange rates back to normal basis is to purchase foreign government internal loans. Con- sequently, for selfish as well as altruistic reasons, every American should place part of his funds in these securities. Europe has survived every crisis heretofore, and those familiar with the European situation are the most emphatic in their statements that the allied nations are surely recovering from the devastation of war. We are prepared to quote the prices of the inter- nal loans or England; France, Belgium and Italy. Wehave prepired literature regarding thee iccuritiej which we will furniih on re- - ( ouejt. and we .hall be glad to amwer any que.tiom by mai or telephone or du- ctus the exchange .ituation personally with those who wish to call at any of our off.cei. Chicago Minneapolis A. B. Leach & Co. Inc. Investment Securities 62 Cedar St., New York Philadelphia Baltimore Boston PitUburgh Chase National Bank Stock & Rights Members New York Stock Exchange 111 Broadway New York City To the Common Stockholders of the Mexican Petroleum Company, Ltd. OF DELAWARE Referring to the notice issued by this Company under date of November Sth, 191?. making an offer to all holders ot the Common Stock of the Mexican Petroleum Company, Ltd., to exchange their stock for Class \B\ Common Stock of the Pan American Petroleum & Transport Company pat tor par, that is, one (i) share of Mexican Petroleum Company, Ltd.. Common Stock of the par value of $100 for two (2) shares ot g Class \B\ Common Stock of the Pan American Petroleum & Transport Company of the par value of ?jo, tha time for making the above exchange has been ex- tended from November 20th', 1919, up to the close of business 3 P. M., November 25th, 1919. Stockholders of the Mexican Petroleum Company, Ltd.. who desire to avail themselves of this offer must deposit their stock certificates duly endorsed and stamped for transfer at the office of William Salomon & Co., as Broad Street, New York City, or at the office of the Com- pany, 1015 Security Building, Los Angeles, California, on or before November 25, 1919. Temporary stock certificates for said class B common stock, exchangeable for permanent engraved ceitificates when pre- pared, will b'e issued for such deposited stock. Holders of record at the close of business on November 15th inio. of clasj B common stock issued in exchange for common stock of the Mexican Petroleum Company, Ltd., pursuant to the plan above outlined, will be entitled to subscribe on the same terms as all other stockholders of the Pan American Petro- leum k Transport Company for additional class a common stock at $100 pet share, to the extent of ten per cent, of the par value of their holdings, and will receive subscription war- rants evidencing such rights, all m accordance with the terms of the official notice dated October sc. addressed to the stockholders, of the Pan American Petroleum & Transport Company, cipies of which may be obtained upon request. Pan American Petroleum 8 Transport Company By E. L. DOHENY, President. 120 Broadway, New York City. November :6. Buffalo Cleveland TOWN Of WEST SKNECA SliWEll UUNIM. NOT1CB IS HEKKMT U1VEN that tlio underslcned will sell to tho hlgneit bidder, tor rttli therefor, newer bonds ot tho Towr. of Wet Seneca, Erie County. New York, of the ifirecite par value of Twelte Thou-an- d Six Hundred Dollan (ilf.SOO) at three o'clock In the afternoon, on the 3rd day of December, 1910. at the oitlce ot Henry N. Trier, Town Clerk of a.ild Town which la located on Union rtoad In the Vlllacs of Gardtnvllle, Kri County, Ne York, and that bide will be received for aid bonda, or any portion thereof up tu and at the tune ot auch nale. Theie bonda comUt of twelve (12) bo nil i of the denomination ot One Thousand Dol- lars (11,000) each and on (1) bond of the denomination ot Six Hundred Dollars (J600). nonds will be dated December t 1919. The principal of one of three bonds will mature each year an the first day nt April, commencing April 1. 1321, and In- terest at tbe rate of five per cent. (S? per annum will be paid on the ftret day ot April r each year. The Town of Weit Beneca, with a lars aaitaaed valuation rontlguoua to the City ot Buffalo, li th (uarantor of theie bond. Each proposal must be accompanied by ft certified check payable to the order of tho \Supervisor of the Town of West Seneca,\ for two per centum (2) of tbe amount bid. The rltthl Is resened to reject sny and all bids and to waive any Informality. For further Information address William J, Daetech. attorney, 3 KUIcott Square, lluffalo, N. Y. For submission of bids address Christian U Schudt, Supervisor, rare of Town f lerk, UardenvllK Erie County, N. Y. CHRI8TIAN I SCHUDT, Supervisor of the Town of West Sereca, Erie County, New York. TllETlJlKKN-UETnOl- T AXLR COMPANY 17s Serial Oold Notes Series 11. dus June 1, lt:t ' aeries v. aue juno i, NOTICE IS HEREBY OIVEN that pur-wa- to Article 8 of tho Agreement exe- cuted by THE TIM AXLE COMPANY to THE FARMERS' LOAN AND TRl'ST COMPANY. Trustee, Jited June 1, 19 1 S. the undemltT.ed will redeem and pay oft on the 1ST DAY OF DECBM-HEl- t. 1019. the Series \B\ notes due Jun 1, 1920, at lOOHCi of the principal thereof and the Sorles notes due June 1, Ull, mid nf thn nrlnclDal thereof unon I presentation of the suM notes, with tha , i inn. i!io. nnti HUDiftiurni iuuuuu si- - tached to tho office of THE FARMERS I.OAN AND TRUST COMPANY. IS to IS William Street, In tho norough of hattnn. In the City of New Vnrk. N. 1 Sld notes cease to araw interest on i\ first day of December, 151. THE TIM T AXLE COMPANY By C. O. ROWLETTE. Treasurer. October H. ! THE AKKON & lJAlinEllTON IlEI.T UULIIOAI) COMPANY Offlco of the Treasurer. Pittsburgh. Pa.. November 1, ISIS. i FIRST MORTOAOE i OOLD HONKS of this Company to an aiereeate cost of 12! 007.10 will be purchased for the Hlnk-I- Fund Tuesday, December 2. 1919, from the lowest bidders, at a price not to exceed 10J per centum and accrued Interest. f o..nli to sell bonds must be In tn i. . ih. TTnttM states Mnrteare A Trust Company. 65 Cedar Street. New York City, DCIoro inree u t.un . day. December 1, UU. X. II. 1). Jicn.fwi.. ' , To the Depositors and Creditors of SCANDINAVIAN TUUST COMPANY: Pursuant to an oraer. hot urr 1919. In the offlcs of the Clerk of th Sunreme Court of the State of New Yorl; for the County of New York, notlc Ij hereby aiven to depositors and creditors or Scandinavian Trust Company to present-thet- r claims to It for ryment at lb office of The Liberty National nnk of New Yor-t- . 130 Broadway. New Yorlt City. Dated, Oetotxr l. 119. SCANDINAVIAN TIICST'COMPANY. By A. V. OSTROM. President. SPOKANE VATXET INT WATER CO. December 17th. 1919. there will be drawn trht 11.000 tor.Ji for redemption at 18 January 1V..- - V5e ot D4Jr Hsatnn. 7 Street, Nov. 1st. WM. WEAVER HEATON. Trustee.

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