SALES: Are You There, Captain Nemo?

Are You There, Captain Nemo?

If nothing else, the 2-in. by 4 1/2-in. advertisement on page 6 of the May 24 Sunday New York Times was intriguing: FOR THE DISCERNING BUYER: SUBMARINE FOR SALE. Offered was a "fully equipped" but "de-armed" submarine capable of carrying 70 passengers and crew, with a cruising range of up to 9,000 miles. Prospective purchasers were invited to mail their inquiries to Box F7266, care of the Times.

Was the ad a hoax? A spokesman for the Times said absolutely not. Since there are so few fully operational subs in existence, many maritime brokers felt sure they would know of the...