Newspaper Page Text
’ oge
Sees Huge Fertilizer
Consumption During 1917
Probably the Amount Will Equal That of 1914, if
“Sufficient Stocks Can Be Had, Says Head
of Chemical Company.
By 8. T. MORGAN,
_President Virginia-Carolina Chemical
i Company.
Indications now point to the largest
consumption of fertilizers of any year
since 1914, and it is probable that the
_eonsumption will approximate that of
1914—if there are sufficient stocks of
fertilizers in the manufacturers’ hands
to put out that quantity.
The severe blow given to the cotton
planters by the very low prices of cot
ton for the 1914 crop seriously crippled
them, and while in most sections they
‘have had two crops which were sold at
Vvery remunerative prices, in a good
many sections of the cotton belt the
1916 crop was almost a failure, owing
to bad weather conditions and boll wee
vil; so there are many sections in the
South which have not yet fully recover
ed, but as a whole, their condition war-j
,rants the belles that they are ready and
‘willing to buy commercial fertilizers ini
a very large way, and our sales so far
for the 1917 planting are extremely
heavy, :
' All the tobacco growing section has
had a fairly good crop of tobacco, and it
has brought extravagantly high prices—
in most sections from 50 to 100 per cent
above ordinary prices; so they are in
good condition to buy fertilizers and to
use them largely,
The same thing applies to the grain
Week’s Financial Summary
Following is a brief day—to-d
o-day sum
mary of the most essential fl)r,\anclal
news made public last yeek: :
atiantONDAY, JAthmARY 8.
f 0 cotton 5
Do‘i\r;tl: ttoa 12}.)60 cents. G W
1 ank clearings, $5,800,394.64:
fi%&ge‘"’ $3,668,078 24; increase, $2,141.-
New York cotton closed unchan
30 points higher. General buyiggd }'s3
Bpot houses, trade interests - and the
South caused the advance. Wall street
and Western houses took profits,
The New York Stock Exchange closed
strong. Motor issues, led by General
Motors, were pressed for sale, suffering
sharp declines.
Chicago wheat closed 2% to 3% cents
higher. Heavy buying by commission
houses caused the advance.
The General Motors Corporation,
which succeeded the General Motors Co.,
declared an initial quarterly dividend of
1 per cent.
Chairman Gary, of the United States
Steel Corporation, in his annual dis
cussion of business urged preparedness
against unfavorable economic change at
the end of the war; advocates tariff for
protection, safeguard for capital anl
labor.
German war bonds to the amount of
$25,000,000 was sold to German Ameri
cans, securities having been brought
over on Deutschland.
lLawson, Secretary Lansing, Tumulty,
Baruch and Kahn appear before the
House committee on the “leak’’ inquiry.
Gold to the amount of $25,000,000 ar
rived from Halifax.
The Bethlehem Steel Company of
fered 10 per cent reduction in price of
steel to build four new battleships for
the United States.
TUESDAY, JANUARY 9.
Atlanta spot cotton advanced 15 points
to 18.65.
Atlanta bank clearings, $4,383,449.88:
last vear, $2,878,138.46, an increase of
$1,505,311.42.
New York cotton closed 1 to 4 points
lower. Late realizing caused the mar
ket to slump after an early rise of 31
to 48 points.
New York Stock Exchange closed
firm. Short covering caused sharp ad
vances in all leading issues. |
Chicago wheat dropped sharply under
realizing saies. Corn and oats also
closed lower.
Census Bureau reported that 11,045,225
bales of cotton had been ginned to Jan-{
uary 1. |
Pennsylvania crude oil advanced 10|
cents a barrel to $3.05. 1‘
Henry Clews said he looked for a two
sided stock market.
Fourth National Banks held their an
nual meeting.
WEDNESDAY, JANUARY 10.
Atlanta spot cotton was quoted un
changed at 18.65.
Atlanta bank clearings, $4,809,047.24;
last vear, $3,552,512.72, an increase of
$1,246,534.52. :
New York cotton closed 38 to 42 points
lower. Heavy liquidation by bears, to
gether with selling by Wall street and
Western interests caused thé decline.
New York Stock Exchange closed
weak., Heavy selling durin? the after
noon caused sensational declines in lead
ing issues. Steel common and Marine
preferred were the heaviest hit. Action
of the market led many to believe that
advance information on some important
matter had been given out.
Chicago wheat closed 2% to 3% cents.
Unconfirmed peace rumors led to heavy
liquidation.
qLoulsvflle and Nashville Railroad re
ported operating revenues for six months
ending December 31 last at $33,767,310.
United States Steel untilled tonnage
statement showed a large increase.
THURSDAY, JANUARY 11.
Atlanta spot cotton declined 25 points
to 18.40 cents. :
Atlanta bank clearings $4,412,835.89;
013,324 Cases of Eggs
WASHINGTON, Jan. 13,—Reports to
the United States Department of Agri
culture from 304 cold storages show
that their rooms contain 913.324 cases of
eggs, while on December 1 272 storages
jeported 2,121 119 cases. The 261 stor
ages that reported holdings on January
1 of this year and last show a present
stock of 876,790 cases, as compared
with 1,607,720 cases last year, a differ
ence of 830,930 cases. or 41.8 per cent.
The reports of 272 storages show that
during December the December 1 hold
ings decreased 1,193,518 cases, qr 57.1
per cent,
Reports from 268 cold storages show
that their rooms contain 45,996,614
pounds of creamery butter, while on De
cember 1 269 storages reported 61,158, -
731 pounds. The 227 storages that re
porteg holding on January 1 of this year
and last show a present stock of 44,
673,639 pounds, as compared with 48,
977,322 ?ounds last year, a difference of
4,363.68 pounds, or 8.8 per cent.
Reports from 322 cold storages show
that thefr rooms contain 31,288,139
Bounds of American cheese, while on
ecember 1 314 storages reported 34,710,-
448 pounds. The 247 storages that re
ported holding on January 1 of this
vear and last show a present stock of
(54,879,643 pounds, as compared with 28,-
58,370 pounds last year, a difference of
3,6&8,72‘7 pounds, or 12.9yper cent.
COMMERCIAL BAR SILVER.
NEW YORK, Jan. 13.—Bar silver un
changed at 74%c.
belt, where they have had fairly good
crops. Sections of the grain belt, of
course, made very short crops, and the
high prices received therefor have not
been sufficient to make up for normal
conditions,
Because of the increased cost of all
fertilizer materials and the increased
cost of manufacturing, the prices of
fertilizers are a little bit advanced over
last season; but the advance will noti
average b per cent.
The great scarcity of potash may af—'
sect the total consumption of tertilizerS\
in some particular localities where the
planter desires and demands a large
percentage of potash. No potash is now
imported and has not been for a year
or more, and the stocks are extremely
limited, as the production of domestic
potash from any and all sources is in
finitesimal, when compared with the
actual needs and consumption of the
country.
Upon the whole, the fertilizer trade
enters the new year very hopeful of a
good, stable business. Prices are sofad
justed that in no case is the farmer
being made to pay exorbitant prices,
and when the cost of fertilizers to the
manufacturers today is considered, the
margin of profit is extremely small,
, We believe the factors mentioned
above will stimulate, as above stated,
the consumption of all the fertilizers
that the manufacturers can put out.
By STOXAN BONS.
last year $3,091,054.67, an increase of
$1,821,781.22,
New York cotton closed unchanged
to 15 _points lower. Uncertainty as to
the Entente reply and Lloyd-George's
speech furnished the chief incentives
for active selling.
New York Stock Exchange closed
strong. Lloyd-George's address caused
brisk buying of all active issues in
the final hour, with the result that
gains of 1 to 3 points were recorded in
leading stocks.
Chicago wheat closed 3 to 4 cents
higher. ~ Bulls were in complete control
of all pits,
Reported that stockholders of the
Pensylvania Railroad on March 12 next
will be asked to increase the road's
debt $75,000,000.
The House committee abandoned the
“leak” inquiry.
FRIDAY, JANUARY 12.
Atlanta spot cotton was quoted un
changed at 18.40 cents.
Atlanta bank clearings, $5,175,975.65;
last year, $3,200,914.84, an increase of
$1,975,061.31.
New York cotton closed 4 to 8 points
higher. Heavy selling by the ring crowd
wiped out most of the 25 points advance
scored during the early trading.
New York Stock KExchange closed
steady. Allies’ answer to Wilson’s note
encouraged vigorous demand for leading
issues at the opening. Bears resumed
their attack on the market during the
afternoon, causing sharp declines from
the top levels, .
Chicago wheat fell sharply after scor
ing sharp gains on the Entense reply
to Wilson's note, |
Spinners’ takings of cotton for the
week reported at 361,000 bales. 4
+ Canadian Car and Foundry plant at
Kingsland, N. J., was blown up after
g&;a, causing loss estimated at $6,000,-
, \
Armour & Company for the year ended |
October 30 last, reported 20.1 per cent
earned on $100,000,000 stock, against 55
per cent on *20,000-,000 the previous
year.
SATURDAY, JANUARY 13.
Atlanta spot cotton broke 30 points tul
18.10 cents.
Atlanta bank clearings, $4,250,070.01;
last year, $8,117,967.73, an increase of
$1,132,101.28. For week, $28,810,773.31;
last year, $19,508,666.16, an increase of
$9,302,107.15.
New York cotton closed 25 to 52 points.
Heavy liquidation in closing hour, led
by Wall street and cnmmissngn houses,
together with selling by a former bull
leader and the ring crowd, caused the
decline.
New York Stock Exchange _ closed
firm. Price movements were unimpor
tant. Industrials were the only issues
showing activity.
Chicago products closed fractionally
lower. Exports were the principal buy
ers. The market was featureless.
Census. Bureau reported cotton seed
received at mills from August 1 to No
vember 30, at 8,326,738 tons; crushed,
from August 1 to November 30, 1,747,257
tons.
To aid reorganization, Bankers’ Trust
Company formally filed suit against
Rock Island for default of $500,000 bond
interest. - e
Failures in United States last week,
359, agalinst 312 the previous week and
453 last year,
Loss of Canadfan Car and. Foundry
plant at Kingsland was placed at $17,-
000,000
Bradstreet. commenting on condition
of trade, said over large part of West
trade is relatively brisk for this season
of the year and large orders heretofore
received denote confildence,
Traffic on Interboro Rapid Transit in
December showed number of passengers
carried increased 8,177,189 over year
ago, establishing new high record.
1,747,257 Tons of
(By International News Service.)
WASHINGTON, Jan. 13.—The Bureau
of the Census, Department of Com
merce, today issued the following report
on cotton seed and cotton seed products:
Recelved at mills August 1 to Novem
ber 2, 3,326,738 tons; crushed August 1
to November 30, 1,747,257 tons; on hand
at mills on November 30, 1,527,224 tons.
Cntton_ seed receipts and crushed Au
gust 1 to. November 30 and on hana No
vember 30, in tons:
On hand
State. Received. Crushed. at mills
IGeorgla sivasßoß, 148 210,239 226,319
'Alabama ....140,902 71,081 70,475
Arkansas ....270,984 119,493 154,861
Louisiana ...127,802 68,363 59,660
Mississippi ..257,898 128,239 132,463
N. Car01ina..147,636 80,751 67,425
Oklahomra ...232,969 115,652 117,498
S. Car01ina...155,504 111,711 44,538
Tennessee ..190,843 89,326 101,607
Thxas ......1,130,177 617,974 518,440
All others . 69,873 34,428 35,456
CHICAGO CASH QUOTATIONS.
CHICAGO, Jan. 13.—Wheat: No. 2
red, 1.94%; No. 2 hard winter, 1.94; No,
2 Northern spring, 1.94.
Corn: "No. 2 mixed, 98; No. 2 white,
98; No. 2 yellow, 98; No. 3 mixed, 96%@
9715; No. 3 white, 96% @97%; No. 3 yel
ilow. 962 @97%; No. 4 mixed, 95@%6%;
‘320. 4 white, 55@96; No. 4 vellow, 9%5% @
0614, :
i Gata: Mo, 3 white, 57 @57%; No, 3
white, 56@66%; No. 4 mixed, 56%;
standard, 56% @57%.
AARST'S SUNDAY AMEKRICAN, ATLANTA, GA., SUNDAY, JANUAKY 14, 191,
$495, F. O. B. Factory
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“The machine the world has been waiting for.”
. The Ford Tractor Company, of Minneapolis,
Minn., is engaged exclusively in the manufacture of
'IfHE FORD FARM TRACTOR, and has no connec
tion whatever with the Ford Motor Company, of
Detroit, or with any other automobile or tractor
concern.
THE FARM LABOR PROBLEM SOLVED
The demand of the farmer for a light, serviceable
farm tractor at a low price has at last been met. The
FORD does the farmer's work better, quicker and cheaper
than horses can do it. The FORD pulls plows, drills,
disks, harrows, mowers, binders, seeders, manure spread
ers, drags, wagons and small road graders; it operates
ensilage cutter and silo filler, feed grinder, water pump,
circular saw and other belt.driven machines used on the
farm. It is designed for strength, power and durability.
It performs all classes of practical farm work. Every
farmer needs a FORD. Every farmer, farming forty -
acres or more, realizes the need for a good, strong,-ser
viceable tractor that will do the work, and that is con
structed of strong material and is of such simple design
that it is not continually getting out of order. THE
FORD TRACTOR is built and designed to meet every
requirement of the average farmer.
SIMPLE, POWERFUL, EASILY HANDLED,
RELIABLE
THE FORD TRACTOR sells for $495, f. o. b. factory.
It is the lowest priced tractor for general fatm use. It is
in successful operation in thirty-seven States and in
several foreign countries. The demand is increasing
daily. The unfilled orders, on which deposits have been
made, now on the books of the company will keep the
factory running night and day for months to come.
After eighteen months of practical use on the farms
of America, the FORD has proved so successful that a
new modern factory has been built and leased to the
Company for a period of years, and already, while the
Company has only been in the new building about one
month, the demand for THE FORD TRACTOR is so
great that an extension to the factory is already being
planned.
The plant of THE FORD TRACTOR COMPANY,
Inc., is located in Minneapolis, Minn., the center of the
great Northwest agricultural district and the home of
the farm tractor industry in America. Minneapolis is to
the farm tractor what Detroit is to the automobile.
In our opinion, THE FORD TRACTOR occupies the
same relative position that the low-price automobile has
occupied in the automobile industry. In other words,
the big demand for farm tractors is, and must always
be for the low-price tractor. Certain patents owned by
this Company, inventions of Mr. Paul B. Ford, are such
as to make it impossible, in our opinion, for any other
manufacturer to turn out the same dependable, low-cost
farm tractor without pay:ng royalty to THE FORD
TRACTOR COMPANY, Inc. -
We have in our office an illustrated folder giving full
specifications and particulars regarding THE FORD
TRACTOR, a copy of which will be readily mailed
immediately upon request.
SALES ORGANIZATION
The agency organization of THE FORD TRACTOR
COMPANY now numbers over Two Hundred established
dealers or agents located throughout some of the best
farming country in the United States. These agents
keep on hand or at a nearby farm one or more farm
tractors which they exhibit or demonstrate as often as
occasion requires. The combined selling ability of a
large agency organization properly trained and equipped
can scarcely be overestimated as to its far-reaching
results. These dealers are today selling more tractors
than the Company can deliver. The added capital
which this Company will receive from the underwriters
will enable the Company to increase its manufacturing
facilities. Dealers seeking THE FORD TRACTOR
AGENCY should communicate with us at once.
_______________—————————'—————"'—_———_____—_———————_——————~
MESSRS. ROBERT P. MATCHES & COMPANY,
1834 BROADWAY, NEW YORK CITY, N. Y.
Please send me full particulars regarding an investment in the
stock of THE FORD TRACTOR COMPANY, Send me a copy of the
specifications of the tractor, with photographs and full particulars.
Send me proof of the fact that these tractors are in successful opera
tion on the farms of America. Give me complete details, bank refer.
ences and full information. If perfectly satisfactory | might be will
ing to Invest
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Occupation ........ S e T v . Ails
A successful farm tractor now in operation
in thirty-seven States and several foreign
countries. Manufactured by THE FORD
TRACTOR COMPANY, Inc., of Minneapolis,
Minnesota. The lowest priced tractor for
general farm use. Orders on hand sufficient
to keep factory working night and day.
l FIRST OFFERING OF STOCK ’
The initial offering of 50,000 shares of the treasury stock of this company
-1 now being rapidly subscribed for. You can obtain today the SIO.OO par value
stock at $4.00 per share. This is the lowest price at which this stock has ever
been offered for sale to the public, and the subscription books for this allotment
will be closed at the close of business Saturday, January 20.
MOTOR PROFITS \
We believe that the motor vehicle has made more money
for the small investor, from a small investment, than any other
industry in America, during the past ten years. The success
of the automobile has made a new crop of millionaires; fortunes
have grown from trifling amounts: cities have been built, and
the complexion of States changed as a result of the motdr ve
hicle industry. Probably no other invention ever afforded the
profit that has been made out of the motor vehicle industry.
And no other industry today is making greater profits for the
actual cash capital invested. These profits have run all the way
from 10 per cent per annum to 1,000 per cent per annum on the
investment. In fact, more than 1,000 per cent per annum has
been earned by some of the low price autemobile manufactur
ers.,
There are three distinct branches of the motor vehicle in
dustry—the automobile for pleasure purposes, the truck for
commercial purposes and tlw tractor for farm purposes.
THE ONE BIG MONEY-MAKING OPPORTU
NITY IN THE MOTOR VEHICLE
INDUSTRY TODAY
is, in our opinion, in THE FARM TRACTOR FIELD. The lead
er in the low price farm tractor fie'd is THE FORD TRACTOR,
manufactured by the FORD TRACTOR COMPANY, of Min
neapolis, Minn. Right now you can secure an interest in that
Company on a basis that seems certain to insure tremendous
profits.
ORGANIZATION
THE FORD TRACTOR COMPANY is incorporated under
the laws of Delaware with a capital stock of $10,000,000, divided
into 100,000 shares of 7 per cent preferred stock and 900,000
shares of common stock. Each share has a par value of $lO,
fully paid and non-assessable.
OFFICERS AND DIRCETORS
W. BAER EWING, President and General Manager.
HON. CHAS. B. ELLIOTT, Vice President, formerly Su
preme Court Justice of the Philippines, under President
Taft; also formerly Judge of the Supreme Court of the
State of Minnesota.
M. R. JOHNSTON, Secretary-Treasurer, formerly Cashier of
of the Diamond Iron Works, Minneapolis.
PAUL B. FORD, Director, Tractor Engineer.
JAS. H. MEIER, Director, Cashier and Uirector of the Mer
chants and Manufacturers' Bank, Minneapolis.
JOHN L. SMITH, Director, President of the John L. Smith
Land Compary, Minneapolis.
R. A. JACOBSON, Director, Railroad Contractor, Minneapolis.
OFFICES AND PLANT
About a month ago the Company moved into a new two
story building with every modern facility, located at Madison
street and Seventeenth avenue, N. E., in the City of Minneap
olis, Minn. The present factory has now an output capacity of
twenty (20) FORD tractors per day. Additional factory facili
ties will be provided as rapidly as possible.
THE PRODUCT
THE FORD sells for $495. It is the lowest priced tractor
made for general far'rp purposes. The profit at this price is suf
ficient to show an earning of about 33 1-3 per cent on the par
value of the entire common stock, with a production of only
25,000 tractors per annum.
This farm tractor has proven its ability to do heavy farm
work rapidly ‘and to accomplish it in season; to plow deeper
than by horse plow; to save in cost of labor, and to be utilized
for driving machinery ©on any part of the farin.
According to the WALL STREET JOURNAL, “there are in
the United States alone over 2,700,000 farms on which the pres
ent models of tractors can be economically used.” In addition
to this, that journal points out that “the American tractor has
already found a good field in Europe,” and it is believed that
after the war changes in Eurcpean farm: methods will be rev
olutionized and will call for an immense supply of American
made farm tractors.
IN WAR OR PEACE
THE SOIL MUST BE TILLED
An agent of the French Government, after investi
gating the farm tractor field from stem to stern, has
placed an initial order for Fifty FORD TRACTORS, and
has made the public announcement that this order was
not for war purposes, hut that these tractors would be
used to till the soil after peace has been declared. In fact,
serious-minded men have taken the placing of this order
as a forerunner of peace, and Europe, short in men, and
more than short in horses, must of necessitv look to the
farm tractor for the power with which to till the soil.
80, in buying stock today in THE FORD TRACTOR
COMPANY, you are getting in on a ground floor basis
with the low-priced tractor builder in America, with an
opportunity not only to make money out of tractors that
must be used on the millions of farms in the United
States. but with the type of tractor that all Europe must
turn to when peace has been declared.
We honestly believe that THE FORD TRACTOR
COMPANY offers thz greatest money making opportunity
of the age. We unhesitatingly advise our clientele to
plunge this time and buy every share of this stock that
they can afford before the advance in price, which will
undoubtedly take place almost immediately.
Our clients in New York City, or all those that can find
it convenient to visit us in our offices, in the heart of Au
tomohile Row, corner of Fifty-ninth street, on the Circle,
1834 Broadway, should do so, and we shall be glad to go
into the fullest details regarding this company, its man
agement, its past and its future. Everything about this
company is open to the closest scrutiny, and we solicit the
most rigid investigation, realizing that he who investi
gates will most certainly invest.
STATEMENT OF THE PRESIDENT
The following is a copy of a letter from W. Baer Ewin?,
President of T!-?E FORD TRACTOR COMPANY, which tells
of the early development of THE FORD FARM TRACTOR, the
present production facilities, the plans ¢f the Company and es
timated profits on future production:—
' Minneapolis, Minn., Nov. 22, 1916,
“Messrs. Robert P. Matches & Co., 1834 Broadway, New York,
i N, ¥,
“Gentlemen:—During the latter part of 1912 m{ attention
was called to the insistent demand of fakms for a ight, serv
iceable farm tractor, and in 1914 | hegan devoting my time and
energy to the deveiopment of a farm tractor, light in weight,
serviceable to a high degree, and that could be supplied to the
farmer at a reasonable price. On March 15, 1915, | incorporated
THE FORD TRACTOR COMPANY, and on July 20, 1915, we
sold and delivered the first FORD TRACTOR that was ever put
out in a commercial way. Our first tractor is still in constant
use and giving satisfaction in every respect. Since the first trac
tor was shipped we have manufactured hundreds and hundreds
more, all of which have been sold and delivered, and are in use
in 37 States of the United States; and in addition to that we
we have sold and shipped FORD TRACTORS into Canada,
England and Porto Rico, with large orders from other foreign
countries pending.
“In our first year of commercial activity we have earned
100 per cent on our original invested capital. :
“As our tractors have been in the hands of farmers and in
actual vse for more than a year, we have demonstrated beyond
the shadow of a doubt their high degree of efficiency and gen
eral practicability. In order to meet the continually growing de
mand for our tractor we have come to your Banking House for
the capital necessary to enlarge our facilities for turning out
FORD TRACTORS on a large scale.
“We are now located in our new factory, which is of the
most modern type and so constructed that additions may be
added from time to time. Our prasent output capacity is twen
ty FORD TRACTORS each 24 hours, but with the steadily in
creasing demand for our product | anticipate the early neces
sity for added factory space. As you know, ‘THE FORD’ is the
lowest priced serviceable farm tractor on the market, which
largely accounts for its wide popularity. Our present produc
tion is limited only by our capital. With the funds which your
house proposes to furnish us, we will, in my judgment, be able
to manufdcture and sell at least 25,000 tractors per annum, at
a net profit of $3,000,000 per year. This would indicate an
earning approximately 331-3 per cent on our total issue of
common stock at its full par value. We have in these figures
provided for a ‘safety fund’ of ten dollars on each tractor
turned out, to be used for contingencies or working surplus.
“l may add that we are located right in the heart of the
Great Northwest, the richsst farming district in the world. Qur
manufacturing and shipping facilities are second to none, and
I would suggest, whenever possible, that you send investors
right out to our factory, where they can see just what we are
doing and satisfy themselves as to the large, permanent, profita
ble industry wherein they may participate.
“Qur business is open to inspection at all times, and we so
licit opportunities to show investors the details of same and to
demonstrate and verify the correctness of all statements made.
Very truly yours,
+ “THE FORD TRACTOR COMPANY, INC.,
“W. BAER EWING, President.”
OFFERING OF STOCK
We are the exclusive underwriters of the stock of THE
FORD TRACTOR COMPANY, INC., and no other brokerage or
banking house has any authority to sell or quote prices on the
Treasury stock of this Company.
For immediate subscription we offer the unsold portion of
50,000 shares of the common stock of this Company at $4.00 per
share (par value $10.00), full paid and non-assessable.
No subscriptions will be accepted for less than five shares,
but you will be welcomed into this Company whether you
purchase 5 shares, 25 shares, 100 shares or 1,000 shares. In fact,
the buyer of 10 or 20 shares will be given the same considera
tion as a purchaser of 5,000 or 10,000 shares.
This opportunity is offered you TODAY and the quotation
of stock is subject to advance without notice. Indeed, we an
ticipate an oversubscription, and reserve the right to return
your remittance if received too late.
In any event, subscription books to this allotment will be
closed to the public on Saturday, January 20. Orders should be
mailed with remittance without delay. Telegraphic orders may
be forwarded if remittance follows by first mail.
The shrewd investor will promptly fill out the coupon in the
lower riaht-hand corner of this announcement and pin to it
draft, check or money order for the number of shares wanted.
if you send currency be sure to register the letter.
ROBERT P. MATCHES & COMPANY,
Exclusive Financial Agents for The Ford Tractor Company,
Inc., 1834 Broadway, New York City.
—m
MESSRS. ROBERT P. MATCHES & COMPANY,
. 1834 BROADWAY, NEW YORK CITY, N. Y.
Please find inclosed herewith $.. .... !.... in full payment
for .........shares of the Treasury Stock of THE FORD
TRACTOR COMPANY, Inc., par value $lO per share, fully paid
and non-assessable.
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Occupation . . T e e e
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