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HomeMy WebLinkAboutExeter Advocate, 1911-12-21, Page 3ELECTRICITY FOR TIIE FARC The Hon. Adam Beck Details the Uses Power ' Can Be Put . To. 'A despatch from, Guelph says A cream separator was '. operated twice a day .by Hydro-electric:Iv- er•in the dairy section at the Oe - tarso Provincial Winter Fair, and attracted a ;rest deal of attention. The machine is so simple that it can be attached to any electric light fixture, There are also pictures on show demonstrating the uses to whichelectricity can be put on ttae farm, The pictures were gathered by Hold, Adam Beck during his travels in Europe, The uses to which electricity cra.a be adapted ell the farm were .ex- plained to over athousand interes- ted listeners from rural parts at a public tweeting in the City liaLi, Gy kion. Adam Beck, Professes G> O. emelt-inn, .t resi- cleat of the 0. A, 0,, presented the ease of his college 'before the far- mers, urging them to avail tliehnl- selv:es of it, and -to spread its:in- tat Earin at-Ottava, who also gave some, instances to show., how many farmers make little out of ;their 'beef cattle,. It cost the farmers from six to ten cents, live weight, to produce them, This cost in - eludes feeding, care, stabling, and all other items of expense. For this the farmers receive from 'foxir to eight cants a pound from the butchers, leaving a balance on the wrong ,side. At same time the consumer pays frQii six to twenty- five cents a pound for the Same meat. The lecturer said be could not account for the difference in price, but believed the butchers might. Nevertheless, farmers could make a good profit from, beef, in spite of the differences, by care and economical feeding, ' SEED GRAIN MEN. Mr- L.11, Newman, B. S, A., of Ottawa, Secretary of the Canadian Seed ee Grain Growers' Association,, , fluence Re also urged the crv"itsg 1 outlined the F 2ils and wolic of the need of the eollege for greater fa-ztssociation, whieh were, briefly, to i cili:ties and more extended acCorn- modation and more money from the Government, The Minister of Power promised the andienco that within a few years his department would have I,OO miles of low -voltage lines through ,Ontario, and country farms fpr, eight miles all along 'these lines Geoid be served by power.lr, Beck told of what be had seen of the op- eration of electricity on farms in ElertePeau coucltries, Plowing, thrashing, milking cows, and many other operations were armhole , Be promised the farmers that in On - Ulric; all these things eetcid bo done lay Hydre»e1ectrie,ptywer, and that the use of electricity would be all great economy, 9u experiwaent had been tried at Ingersoll of fil- ling, aasilo by eleetrio power, which showed that the electric operation cosh $3i! les than the same opera- tion by steam power. A STRIKING DI1M 1'ERENreE, The striking difference in, the price reeoived by the farmer for his beef and those paid by the consum- er was pointed out in an address on the economical feeding of beef cattle, by Prof. J. IT, Grisdele, 1M - rector of tho Dominion Experimen- ecoitrage the protiuctiptl, and dis- tribution of the best, stook seed through the country. It is our aim," he said, "to put the hoed- ling of the registered seed on as hili eon -menial basis. We wish to i ncer ase" the supply of real good c geed Canada. We have in On- tario this: year a little over 3,004: bushels of registered seed.an'y times this quantity are required, and it shall be our aim to work to- wards increasing this supply in fu- ture years." WOMEN'S INSTITUTE. Two hundred women frotxa all Iaarts of Wellington County held a ltleeting in Warleetion with the "Titer Fair for; the purpose of dis- cussing the wort: carried on by the Women.'s Institute of the county. G. A, Putnam, of Toronto, superin- tendent of wamen"s institutes, who presided, spoke of the value of the institutes from a Community and eo-operative standpoint, and refer - ed to the good work carried alt' along the lines of sanitation of schools and the distribution of gavel seeds, Next year, ho said. the con- vention would' be extended by in- viting' neighboring counties, to send delegates., MAKIN6 SAFE INVESTMENTSPRICES OF FARM PRODUCTS M RELATIVE ,AMOUNT OF NET ,o,LtIGK: ASSETS DEPENDS SAFETY' OE stosT INDUSTRIAL: BONDS.. Ln Canada where • Banking System is $uperiQr Ourront Assets need Not Ex, Geed Current Liabilities by so Great proporttOn as in States -1 and issue to be Sate Sheutct Not Exceed AMount Of Net Quick Assets tantos,s Real Estate is Considerable. The artielea contributed by "Investor etrefor the sole Purposeof guiding pros. pectise *resters. ;end, if possible of sal, ing thea, frons. losing money U roash :pi•aeitzg, it in "`wild -eat" •ngerprisan impartial and reliable charaeter of the information, may be relied upon. Ths writer of these articles and the, publisher of this paper have no iutorest3 to serve to connection eeitb this Platter other than those et . the reader, CELII IaI:1 t LSI. Painters and Advertising Company Caused Death of tattle. t1 despatch from Ottawa says. An advertising company who pnt up a sign in a farmer's field and the conmpany who painted the sign were held equally liable by Judge Gunn. on 'l'ednesaay for damages because tho plaintiffs cattle died as the re- sult of imbibing poison from some of the paint pots left in the field' after tho work was done, The com- pany erecting the sign had never obtained permission to do so. M.0NTEEiL Bit AtiCJ1ING 0UT. Estimates for 1912 One Million iu Excess of Previous Year. A despatch from Montreal says: According to the civic estimates ta- bulated ' at the Citg Hall at noon on Friday by. Mr. Pelletier, the city comptroller, the city will spend more than a million dollars in ex- cess of last year. Next year's to- tal expenditure on revenue ac- count is placed at $8,185,000,. against .$1,005,285 placed in the estimates last year. WIRELESS TIfil3G iBy Inve,cstor,"} The importance of current assets bey- lug a substantial wareen iu eeceee of current liabilities is, of course, 0pl'ar, exU wlfien considering the accounts of ee,0 industrial company exith a vied to en, vesting in its bonds- We read last week that this eves is caned "'net quick as sets;' and Few that it had an important- bearing cu the venue o5 the bonne of anY Gonia any rslt9QQ lead holdings bad. a eee satire than the a}uoupt: of bonds outstendipo, For au industrial bond to be €ate net tauieh a;a1Qts, 11Qrreser, €hould do more than merely eztet, 9'hey must be exam= tined with reference to their relation to verel Qtller items to whieb they sl'',ould, bear a definite_ proportion. '.Elie following is a balance sheet e f an industrial company whose bonds aro considered a bound investment sed .l r chosen as an illustration chiefly Lesause of the simplicity of me arrangement, 3" has a'aded interest by being the €` ntotit of an operating company and not nn gat -up for purpose of 11• t1te inexperienced reader euilauatioats caret -talc ilea t2cot be exeroinee in canner - owl offering will doubtless Canode lilallltatins Twenty -t1 o Coast Stations. A. despatch from Ottawa says; wireless tele ra. byT Development of v €; P in Canada is indicated in a report just issued respecting radio -tele- graphic stations. 0n the Pacific. Coast 'there are' nine stations, at on the Atlantic thirteen. The -cost of maintenance of the former sta- tions was $30,034, while the revenue was but $3 1.08. A total of 40,074: messages 4were transmitted on the east coast, maintenance of stations cost $1 1,52.1 and messages 'totalled $40,330. ll+ UP GO PARES. British Railways Increase Excursion and Commutation Rates. A despatch from London says: It has been decided ”by practically ;ItEPORTS fRpu TILE LEADING TJtADE. CENTILES Oi Ai ER1CA,, all the railways in Great ;nritaln to inerease the excursion and com- mutation fares by from 7 to 10 per cent. on Jan. 1. This increase is made necessary, they claim, by the raising of the wages of their em- ployes. xnQro lu5tr nex #iota , hasty », vw n+ :— Zeal Estate, 33u 14inga. teems, ere• Patent% Tratdegm lltb and Do ROYALTY WAS IN DAVG�R , Prices of Cattle. Grain, Cheese an, d Other Produce at AUDIO and Abroad. Blr4%DSs»FFS, Toronto, Deo. 19. ---Flour Winter txheat, 90 per gent. patents„ 53.45 to 5350, $eafi- board.. Manitoba. flours, -l' ret patents, 55.50; second; patents, 55; and strong balee erS' , $4,50, ou track; 'Toronto, 2anitoba wbsat 11-o. 1 Northern, 51.48 Bar ports, Nq. 2 Northern at $1.05, and No 4 at 4LQ.Er 33;47 sport„, Ontario eskteat—No, 2 white, red and: mixed, new, es to 89e, .outside. Peas --Good shipping peas,,, 51.05 to 51, - eq. oneeide, Oats—Car tots of No, 2 Ontario, 43 10 431.2,e, and of No. 3 at 42 to 421-2,c; en track, Toronto, 40 to 4612e; NO. 2 'We€t- era Canada oats, 46c,, and reed, 4,4e, 1447 182,05 Insestmcnie+ 11.421.. 0lri R3 NT Rile i. Acoounta and Mille Re- ceivaable.,.,5724.046 Inventory Steck-Tritlp ,.551,656 Inventory Suppiles 81,435 Ca ti .h on. Hand and In Batik 63,762 41,611,119 Duke and Duchess of Fife and Two Dau gh- Steamship ters in Steamsh Wreck. A despatch from Gibraltar says: The P. and 0. steamship Delhi, bound for Egypt, ran ashore on Wednesday two miles south of Gape Spartel, which is on, the northeast coast of Morocco. A number of British Royalties were do board the steamer, inclucling the Prin- cess Royal,. Louise Victoria, , sister- �of King George `X'., her husband, the :Duke of Fife, and, theirtwo daughters, Princess Alexandra and Princess _ Maud• The passenger list also. included' Lord' andLady, reit nai•d> Sir Thomas." Erskine Hol- land and Sir Lewis and Lady Moles- worth, The Delhi was bound from London to' Bombay. The Royal passengers ngers were en route to -Egypt, . and she- had (about 100 saloon pas- sengers. assengers:Fortunately the Delhi is fitted With wireless, ' and was 'able speedily to summon aid from Gib- raltar and Tangier. Several war- ships were soon on the spot, . and in: spite of the extremely rough were weather; all the passengers reaeu9ci:• s,_. . The ` of thepassengers, � landing was a dangerous undertaking, ,an d; all concerned were extremely anxi tw,ous. The waves were tremen4ou}tp and the surf boats were constantly threatened with awarnping. The Royal Princess and her daughters suffered like the rest. An eye -wit- ness of the landing Gln the beach ` at -Cape ,..S ar'tel"says one boat capsized in ,the surf and all; the occupants were, drenched to the skin. Princess Alexandra, one 'of the daughters • of the Duchess of. Fife, , was narrowly', saved . from drowning by', a sailor,- Who grab- bed her by the shoulders and held her up until the two were -dragged ashore. Tlie`Dnchess of Fife and her two daughters, t` after' -borrow- ig hters, borrow- ing some clothes at the lighthouse, rode, to Tangier on horseback. One`bf the 'launches.of the French cruiser Friant, which had render- ed the bravestofservices it taking Taking arbetrarily only 20 per ceut. in,. off the women and chiiden, teas this case, e'e have net quick'assets of and sank. Si of the crew a or swamped$763,983 pins value of land ,0.8,960, were drowned. The others 'strtrg- g1162,943 behind the $1,05r,9co of lioness gled ashore in'an exhausted con-° $1'162'943 b h_l d 'the a margin of ;over ,clition: Several_ attempts of boats o tan cont: eavin: companies do ,better thating went to the assistance Of,'thy. n een issue er than,:. dais. However. :.i re,c t led by.. the. trernenci- Delh ens. e ,t isbonds, in addition to real estate of Gon- doubtful •f th h`�' siderably g Capital" sttae 53,919,828 I,IAIULITIF,S. port,", ParIey- Tlee market 14 very ARM, wit ado about over, QrteeeNo, 3 American yellow quoted -'4 to Ole. Toronto freight, ye -93e, ncttside, for No. 2 l=eat— to Ole, outside, —41anttobi bran, 524, is bag orQrotcr freights, Shorts, 525,50 s,3ea_- 1t• p32OPUC1. dock, s3 tsp p Beans -Small iota o£ haud'piebed, S2 34 to 22.35 per bushel, lion€Y Estracted. to tuts, Al 4o 120 Pe 112. Comb5, 52,54 to 53.75. paled hay—No. 1, at 515 to 517, en tray d No. 7, a t 514 to 514.5 6, Paled straw --17.09 to 58, on track "Td uto. Potatoes—Car let€, in bags.. euote4 a and Delawares at 51.3, Oat Qrc., at,45 to 51:50, 1'ottltrs Whol :alt;. ' prices. Qf dry€,€e poaltry, -tile ens, 12 to 1L' per lb; fowl, 9 to,;1%; duc:ss, 12 t41 14x; 80242, 3.1. 14 3?0; rime, »s to 2111e, TM Poultry, al>oUt lower. than the above, ere ezelit4e. ee.,,;Y.: eeei IS HJES eviews 0,, 000 .itish and d Held an A, desnsten Ire n India, Says6 Ki ig (seorg revieisc'd 50.000 I;r'tps 1 Anel native troops, H -s Majesty belts faninveetittureinthea<oyal {'imp alt night, besto win ,• orders on nines•, three, Eni« hts anti iwo hundred Oonlpanlons, The Queen Witness„ ed beth the revie'r and elle bestow - ,f orders. Investiture Delhi, British urs- R IIA SUITED, EGOS. CRUSE, BlntlereeDeira7, choice. in 0 280; store lots. 23 tar 247e abs, 37 tQ Ur. Creamery uuu :0 fer mils, and 20 to 29a for solid 4 T1iN GUTTED .11 Kang Goo and Qlt went "wen e:2tia t 01e lap;titllre .tet th . Hing Etlaep4. av:largo tent adjacent ,t k dice Royal ahsl:ntiana: was gutted by according to a de.rspateh t' the Cen- tral News. Tlie Royal gilarters 3s'; re i,i considerable danger for iaF. tilpp#t, and groat a;e terment� pre- vas•led., I3roop for competition by is ilata,ry Per planes, the contest the world. The Label- batty{ as gained the bale' he (polls mad a di5 I aw. The Ra itisla G alre' •nn3ellb leas its 4eternli is ll ilQt a ndors kr ar4ll clnl l t t Lt the illflt4r I t packer se,, of lie re and illi CURRENT LIAT33L1'CIk S. Intcreet accrued ..5 31,526 Aeenetnts and Tillie „Pay, 109,670 able , 605,930 Bank Acle succia:',,., .,., 1,047.126 ,,,'. 401,492 Surplus .... ...... ......... --Strictly new -laid, 4$c. deliver c!re. and fresh atp 27 to 22ta per dose in ease lots. Cheese --Largo quoted at *53.2e. ae twins at 15 3-4e per 3L, 53.999,823 In tine case current assets amount to 51,811,119 and current liabilities to 51,017,- 136, ]caving a balance -net ettnelt assete— to the amount of 5753.983, Now in the united States where, owing to the de. tecta of the banking system, it is danger• ous to owe the banks much, it is a rule that to put a eotepany in good. shape its current Ascots should amount to at least double its current liabilities, In Canada the banker of such a company would be deeply concerned in its welfare. Ile would be anxious for tho company to do well and therefore there would be a'.very remote possibility of the company hay. ing to pay off its advances' when they matured, if that were at an:inconvenient time. There is, as a result, no danger of inability to renew maturing notes such as" occurred in the United States,in- 1907, and which caused most of the industrial failures of that wear there, So in Can- ada, unless bank advances form an in considerable part of the total liabili- ties, the proportion between current as- sets and current liabilities need not bo of o one, although, ea as tw o t o so great g course, the greater the proportion is the better. Where bank loans are secured by such stable commodities as'• grain, iron, steel, etc, and form a substantial part of the; current liabilities, the pro portion of • current loans to current lia- bilities may fall to one and a' half to one without misgiving. In the above instance the proportion is one and three -quartets to one. ROG PRODUCTS. Dagen—Long clear. 111.2 to 113-4e Per lb., In case- lots. Porte. short out, MO; do., mess, 519,50 to 520. Ifaws-Sledh izn to light, 16 to 161.2e; heavy. 14 to 141.20; rolls, 103.4 to 11g; brsakfaid bacon, 14 .to? Sze; backs,'' 19 to 29e. stashTierces, 113.4e; tubs, 12e; pallet' 121.4c. BUSINESSr T 'MONTREAL. Montreal, Dee. 19.—Oats •- Canadian Western, No, 2,471.2o; do,, No. 3, 460; extra No. 1 trod, 46 to 461.20„ No. 2 local white, 4612e; No. S do„ 4551'; No. 4 tlo., 441.2e. Barley—Manitoba lend, 640; =Halting, 96e to 51. 'Bueltwileat, No. 2, 65 to 66e. Flour --Manitoba Spring Wheat patents, firsts, 55,60; eeeonde, *5.10; strong bakers', 54.90; Winter patents, Choice. $4.75 to $5; straight rollers, 54.-25 to 54.40; do.. bags, 51,45 to $2.05. Rolled oats—Barrels, 55; bags, 90 Lbs., $2,371.2. Bran -523; shorts, $25;' middlings, 527 to 528; mouillie, 529 to 534. Ilay--24o. 2, per tan, ear Iots, 515 to 515.50. Cheese—Fin- est westerns, 141.2 to 14 3-4o; finest East erns, 137-8 to 1414c. Butter—Choicest creamery, 301-2 to 311.2c; seconds, 29 to 30e. Eggs—Fresh, 60e; selected. 30 to 310; No. 1 stock. 26 to 27c. Potatoes—Per ban, car tote, 51.25 to 51.2712. UNITED STATES MARKETS. The' proportion between net quick as- sets and bonded debt, is a most import- ant consideration. Where a company has no real estate the bonded debt of ay:com- pany should never, exceed 'the net quids assets. Where there is real estate' of value the bonded debt. should not exceed two-thirds they' value of the real estate -plus the net' quick assets, and here again. .the greater the' excess° of these two over bonded debt the better. In the case' of the balance ` sheet given above, real 'es tate, buildings, machinery, 'etc., amount to $1,994,803," of which—owing " to the na- ture of this particular business — the er proportion is of value in case greats p i of forced liquidation: Ordinarily, how- ever, probably under; 25 per cent. of the real estate. -buildings and, machinery ac- count represents the `value of the land. 000 Begs- -It is i e 6 es renter , value than the bond, ..ale. ab ates • i e saved:,but 1f,-thc: g ri'`er< CAn is , issue' had net quick`. assets over to r the specie, mails arid cargo 'may cont, In exceso s of the amu"►it nav of bonds a al lauded, e . ..raw �..,�� x1fr, J. 0. Eatelc bay givcil feta, 000 to the Irbins;�zeg tzeiter.; a os- pft�d, The penitentiary statistics show • large number of convicts under twenty yoars of age. The Berlin Board of Trade 1h �agituting the question of the de>' velopnaont of New Ontario. 1'+:rrin's confectionery- works at London, Ont., were damaged by fire esn Saturday* morning. The , rbcs Berlin waterworks yielded a net profit of $14,170 closing the year. 1 The Railway Commission is mak Minneapolis, Dec. 19.- -Wheat-Decem-ber, 51.00 1-2May, $1.051.8; July, X51.061.4 to 51063.8; No. 1 hard, 51.01 • No. 1 Northern, 5L011.8; No' 2 Northern, 985-8 to 99 1-8e; No. 3 wheat, 955.8 to 98 5.Bo. No. 3 yellow corn, 55 to 56c. No. 3 white oats, 50 to 546. No. 2 rye, 85 to 86e. Bran, $23 to 523.50. Flour—First patents, 54.80 to $5.10; second patents, 54.40 to 54.70; first clears, 53.50 to 53.65; second clears, 52.20 to 52.60. Buffalo, Dec, 19.—Spring wheat—No. 1 Northern, carloads store, 51.13; . Winter, No. 2 red, 981.2c; No. 3 red, 961-2c;' No. 2 white, 981.2c, Corn—No. 2 yellow, 64 3-4e; No. 4 yellow, 62 3-4c, all on .track, through billed. Oats—No. 2 white, 52 i -4e; No. 3 white, 513.4e; No. 4 white, ,503.4c. Barley -Malting, ',` 51.18 to 51.25. Rye -No. - 2, track, 51.05, through billed. LIVE STOCK MAItleFTS, Montreal, Dec. .19.—Butchers' cattle, choice, $6:25 to $6135; do.,' medium, $4.50 to 55.50; do., common, $3 to 54; canners, $1.75 to 52.50; butchers' cattle,' clioicc cows, . 5... to $5.50;.' 25 , da., medium, 54.50 to 5 .50 to ;4 55;: da., bulls, -53.50 ..4.50; milkers, choice each, $75; do., common and niedi- um; ,cauls, 550 to, $ h ,, 60; springers, $30 to 540: Sheep, ewes, 53.75 to 54; bucks and culls $3.25 to ' $3.50; lambs, 43.75' to 56- Hogs, lob, 46.50' to 46,80;:' calve , $3 to $14: Toronto, Dee. 19: -=Butcher cattle of or- , dinary good, to elioioe weight sold from 55.65 to 56,; -'With ,extra choice Christmas cattle .not: uncommon sales at 46.10 to Lambs „ere ; much firmer at , 55,25. 6 for ,the choicest once.' Sheep and hogs were ;'unchanged. t The Ifing 1 en .Ft'cla; the new OUP Strictlt.Ins en at.1r':l °lilitribution E? sf 1a111 imp) "O iB tient, u roil laid F,l"aLgrit� 4!�p1afC�C'11�f", 1111&1rlr It 1Lal 2e linnl, 1nokph1.a' 1 The Illtj'Iiwll SPIES Max; Schultz and .tctar n Penal `iervritnal cl'afipatcla iron; li t' 3 Get Ing rules for the inspection awl really, says: Heavy llulrislltnezi testing of railway engines, were nleted out on Wednesday to Sir `William Mackenzie is, report- l the British spies arrested at klam eel to have bought a tract of (Al lands in New Brunswick, The announeenaent el new tele- phone rotes in 'Winnipeg has aroused a storm of opposition. In an official report, IDr. liuther- ford, livestock, commissioner, strongly recommends the establish- ment of-munieipal abattoirs. The Government will probably make Saskatoon or vicinity the eastern terminus of the Hudson Bay Railway. The contract has been signed for the building of the St. John Valley, N, 13., :Railway, fromGrand Falls to St. John. It will be operated by the I. C. R. Montreal proposes a civic pen- sion for firemen, police, clerks and permanent employes of the Roads Department, to which they contri- bute one per cent. of their wages. Canadian trade with the United Stat -es increased over $61.,000,000 during the last fiscal year; with Germany it increased 8°,280,000, 7, The France1 t2G 000.. T with and � , , - in only with Britain was on y a little over two millions. According to G. C. Castle, Do- minion Warehouse Commissioner, there is from 30 to 40 per cent. of the 'Western Canada crop still un - threshed in the fields. Thteshing still continues in manysections of the Prairie Provinces and, given fair weather conditions, the grain Will be cleaned up by February. w ary "Si;,aka tU (f. House of '•Lords :�re,leetc.d"t rite b}I}i irs"a r GREAT :BRITAIN-. The House of Lords passed the national insurance bill on 'Friday. The threatened strike on British railways has been averted by an amicable settlement burg on March 151, and who hal been on trial behind closed doors before the Imperial Court for sev- eral days, Max ,Schultz, an Eng- lish. ship broker, wa:s Sentenec2sl t a seven years' penal siaervituide.`lnt of his associat.es,l.,aati engineer named Wulff, \vas seat to jail for twin years; a mervhairt named Von Maack and Max Schultz's house- keeper eaell received three years. • MAN KILLED W'ITI.I. AXIL Daniel Reynolds Mfrs Weapon on Culbert After,a Quarrel. A despatch from London, Ont., says: Daniel Reynolds, a junk deal- er of Hamilton road, killed • a man named Fred. Culbert, outside of Grah'am's hotel. at Pottersburg ai 9.30 o'clock on Thursday night. The men, it is said, were gnarl-ellinig over a gun belonging to Reynolds, when the latter seized an axe and brought it down on Culbert's heats w1th such force that Culbert was i was ctlm 1 The• i • tl killed. 5t-,aII 5 In about thirty years old, and the pri' soner gives his age as thirty-seven. IIOMI'E RULII 13Ii.J ORA ' I'ED. Eat Will Not be 31aae145 Public Until the New Vcar, A despatch from London says: Replying to a gneetion by Waldorf Astor, Unionist member for Ply mouth, in the House of Commons, Wednesday. night, Mr. Birrell, O 3 ni Chief Secretary for Ireland, said the Home Rale 13i11 had been draft- ed, bat would not be made public before the adjournment of Parlia- The War Office has offered prizespent for the Christin.as non:lays. THE BEST SECURITY MONEY ..15 FOR YOUR of investments: Speculative invest ' broadlyspeaking, •two classes , q There are, • nients, which mayor may not pay interest and may appreciate or depreciate in value. T -Bonds• re mort ages split, up into denominations of tp And there are Bonds—Bonds ag - e continuallv;have Bonds,, the security of which is beyond q100 or upwards.Wes . Theyare the standard form question,which pay as/high as:b per'eent.:inter t e Purchased IT Banks, Insurance;Companies and chart- ered y of investment y P tions because the Government recognizes that they offer the institu , maximum of safety with a profitable rate of interest. Send us your name and address and we will send youliterature from time togivingparticulars of new and old issue,, time P SEC i 7 S CORPORATION LIMITED ANKoF MONTREAL BUILDINGYONGE AND QIUEEN aTREETS'' p TORONTO ��/ .ft.. M. , WHITE moNTRCAL-*U 43tC-HALl AX-C4TTAK'A' LONDON "(*0n.)'