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HomeMy WebLinkAboutExeter Times, 1912-7-25, Page 2Is F as HEAT SOWN AREA IS LESS Oats and Barley are Somewhat Ahead of Last Year -Crop and Stock Bulletin A despatch from Ottawa says: `1i bulletin on the crops and live )stock of Canada: was 'issued by the Census and Statistics Office on Wed- nesday. According to the revised figures :obtained at the end of June, the total area under wheat this year is 10,047,300 acres, compared with 10,387,159 acres as returned by the census of 1911. The area sown to fall wheat in 1911 was 1,097,900 acres, but winter killing has reduc- ed thisarea to 781,000 acres. The area, sown to oats is estimated at 9,494,600 acres, as compared with 9,233,550 .acres in 1911, and to bar- ley 1,449,220 acres as against 1,403,- 969 acres in 1911. In the three northwest provinces spring wheat covers 9,029,000 acres as against 8,946,965 acres in 1911, the increase being in Saskatchewan and Alberta. Including fall wheat the total wheat acreage in the three Provinces is 9,246,100, as compared with 9,301,293 acres in 1911, the decrease being ae- counted for by the large area of fall wheat winter -k lied in Alberta. Oats in the :,hree provinces .soupy 5,037,000 acres, and barley 626.1C0 acres,as compared with last year's census figures of 4,563,203 acres for oats and 761,738 for barley. Whilst not equal to the excep- tionally high figures recorded this time last year, the condition of spring sown crops is generally good. The highest figures for spring cere- als are recorded in Prince Edward Island and British Columbia, the Baer cent. condition ranging trona 97 to 99 in the former and aorta 90 to 95 in the latter Province, the average for the Dominion being from BO to 89. Fall wheat remains low, being only 70 for Canada, 73 for Ontario and 71.6 for Alberta. Last year the condition was also low, viz., 75 for Canada; the aver- age of the four years, 1908-1911, was 81.5. Spring wheat is 89.73 per cent., compared with 94.78 last year and 88,25 the four years' av- erage; oats 86.43, against 94.46 in 1911 and 90.42 average ; barley 88.58, against 93 in 1911, and 89.28 aver- age. Rye is 87.84, peas are 80.08. and mixed grains 84.98. Hay and clover show a condition per cent_ of 85.59, against 84.97 in 1911; al- falfa 90.59, against 82.31, and wheat, oats and barley range from 80 to 88 per cent., figures which are ex- ceptional records by from about 10 to 15 per cent. The estimated numbers of live stock show further decreases ex- cept as regards horses and dairy cattle, the former being 70,400 and the latter 14,500 more than last year's estimates. The census fig- ures of 1911 are not yet available. ;The condition of all live stock in Canada is uniformly excellent, the number of points being 97 horses, 98 cattle, 97 sheep and 96 swine. P!R CIS PRICES OF FARMP a� j� REPORTS FROM THE LEADING TRADE CENTRES OF AMERICA. t«- PrIcee of Cattle, Grain, Cheese and Other Produce at. Homs and Abroad. BREADSTUFPS. Toronto. July 23. -Flour -Winter wheat, 90 per cent. patents, $4.15 to $4.20, at sea- board, and at $4.20 to $4.25 for home con- sumption. Manitoba Flours -First patents, $5.70; second patents, $5.20, and strong bakers', $5, on :rack, Toronto. Manitoba Wheat -No. 1 Northern $1.12, Bas ports; No. 2 at $1.10, and No- 3 at 81.05 Bay ports. Feed wheat by Bare Die, 62 to 65c, Bay ports. Ontario Wheat -No. 2 white, red and mixed, $1.04 to $1.05, outside. Peas -Nominal. 'Oats -Gar lots of No. 2 Ontario, 46 to 47c. and No. 3 at 45c, on track, Toronto. No. 1 extra W. C. feed, 45o, Bay ports, and 5T .,a at 440. Bay ports. Barley --Nominal. Corn -No. 3 American yellow, 76e, on track, Bay ports, and at 810, Toronto. Rye -Nominal. Buckwheat -Nominal Bran -Manitoba bran, $22, in bags, Va. ionto freight- Shorts, 824. COUNTRY PRODUOE. Butter -Dairy. choice, 23 to 24c; bakers', inferior, 20 to 210; creamery, 27 to 28a for rolls, and 26c for solids. Egrs-23 to 24c a dozen. Cheese -New cheese, 141.4o for large and 141.2o for twins. Beans -Hand-picked, $3 per bushel; primes. $2.85 to $2.90. Honey Extracted, in tins, 11 to 120 per lb. Poultry -Wholesale prices of choice dressed poultry: -Chickens, 15 to 170 per lb: fowl, 11 to 12c; turkeys. 18 to 19e. Live poultry, about 2c lower than the above. Potatoes -Car lots of Ontarios, in bags, $1.40, and Delawares at $1.50. HOG PRODUCTS. Bacon -Long clear, 13 to 141-2c per ib., in case lots. Pork -Short cut, $25 to $25.- 50; 25:50; do., mess, $20.50 to $21. hams -Medium to light, 171-2 to 18c; heavy. 161-2 to 17c: rolls, 131-2 to 133.4c; breakfast bacon, 18 to 18.1-2c: backs, 20 to 21c. Lard -Tierces, 133.40; tubs, 14o; pails, 141-2c. ' MONTREAL MARKETS, Montreal, July 23: -Corn, American yel- low. No, 2, 78e. Oats, Canadian Western, 461.2 to 47c; Canadian Western, No. 3, 451-2e: extra No. 1 feed, 46 1-2c. Barley, Man.. feed, 63 to 64c: malting. $1.05. Buck. wheat, No. 2, 75 to 76c. Flour, Man., Spring wheat patents, firsts: $5.80: sec- onds. $5,30: strong bakers', $5.10; punter patents, choice. $5.40 to $5.50- straight rollers. $4.95 to $5.00; straight rollers, baps. $2.40 to $2.50. Rolled oats, barrels, 85.05 bag, 90 lbs.. 82.40. Bran, $21.00. Shorts, $26.00. Middlings. $27.00. Mouillie, $30.00 to 534.00. Hay, No. 2 per ton oar lots, 617.00 to $18.00. Cheese, finest west- erns, 127-8 to 131-4c: finest easterns, 123-8 to 12 5-8c. Butter, choicest creamery. 253-4 to 26e; seconds, 25 to 25 1,2e. Eggs, select. ed, 25 to 26c: No. 2 stock. 15 to 16e. Po- tatoes, per bag, car lots, 61.60. UNITED STATES MARKETS. Minneapolis, July 03, -Wheat -July, 51- 05; September, 95 1-8e; December, 95 3-4c; No. 1 hard, $1.08; No. 1 Northern, $1.07 to $1.071-2; No. 2 Northern, 51.051-2 to $1.06. Corn -No. 3 yellow, 73 to 731.20. Oats - No. 3 white, 45 to 45 3-4c. Rye -No. 2, 70c. Bran -$20 to $21. Flour -First patents, $510 to $5.35; do., seconds, $4.80 to $5.05; first clears, 53.50 to $3.75; do., seconds, 62.40 to $2.70. Buffalo, July 23. -Spring wheat -No. 1 Northern, carloads store, $1.08; Winter scarce. Corn -No. 3 yellow, 771.20; No. 4 yellow, 75 3.4e; No. 3 corn, 751.4 to 76 1-4o; No. 4 corn, 74 3.4 to 751-4c, on track, through billed. Oats -No. 2 white, 55 1-4c; No. 3 white, 54 1-40; No. 4 white, 531.4e. LIVE STOCK MARKETS. Montreal, July 23. -Top quality steers sold at $7.25 to 57.50, good at $6.75 to 57, and fair at $6 to $6.50 per 100 lbs. Choice butchers' cows sold as high as 56, but the bulk of the trading was done at 95 to 65.75, and the common and inferior at $3.50 to $4.50 per cwt. Common grass- fed bulls sold at 82 to $2.50 per cwt, and the better stock at from $4 to 55.50 per cwt. Sales of sheep were made at $3, to 53.75 per cwt. Lambs met with a fair sale at 57 per cwt. Selected lots of hogs sold at $8.50 to $8.75 per cwt., weighed off cars. Calves ranged from $3 to $8 each, as to size and quality. Toronto,, ply 23. -Hogs continued their rise of 10c a day, the latest figures being $8.10 to $8.30, fed and watered. Spring lambs were dearer again, choice ones sel- ling at $9.50 to $10. Milk cows were also a good sale from $50 to $70. Common and medium cattle ranged from $5 to $6.50, with what few choice ones were offering selling at $6.75 to $7.25. ENDURED TERRIBLE AGONY. Sad Plight of An Old Lady Owing to Paralysis. A despatch from Ottawa says: Mrs. Brunet, aged seventy-two, of 117 King Edward Avenue, a para- lytic, is dead as the result of terri- ble burns received when, in endear wring to pick up a key from the floor, she upset a candle, igniting her clothes. The old lady as a re- sult of paralysis was unable to utter a, sound or move to call for assis- tance, and was only discovered some hours later by occupants of the house, silently suffering terrible agony. WILL GO TO CANADA. Retiring Naval Officers Think it is the Best Vantage Ground. A. despatch from London says: A naval expert who knows the sen- timents of the officers of the fleet states that many declare they will go to Canada when retiring on the reserve list, for a twofold reason, sure material prosperity and the best vantage ground from which to observe the expansion of the Em- pire in over -sagas territory. PLENTY OF RAIN 1N WEST Samples .Show as Good Head and Clean Straw as Ever Exhibited at This Period A despatch from Winnipeg says: Crop conditions in the three prairie provinces were never better nor more promising at this time of the year. This is the report being sent out by the Canadian Pacific Rail- way, and is the general result of reports sent 'in by its agents from every sub -division on the Western lines. The situation in Manitoba is greatly unproved over one week ago, Last week some points still needed rain, but now every district has been greatly relieved. While generally enerall cool,e the wether has been good for sturdy growth and filling of the heads. Seventy-five per cent- of the grain is now out in ead and a large part of it shows a fairly long 'head, although on carne of the light and owing to pre- vloue dry weather the head is a little shorter than it would other- wise ha re been, Thera was a alight touch of frost throughout Sotith- western Manitoba ladst Saturday and Sunday nights, but no damage was done except on some low-lying land in the vicinity of Napinka, and this was confined to a very, small area. There was also some hail in different sections, but the aggre- gate damage is very small. What is true in Manitoba is equally true in Saskatchewan. Splendid progress has been made during the past week, there being a fairly good growth of straw and the heads filling well. All authorities in Alberta state that conditions there were never better, rThere un - h re ha s been an abun- dance of rain. ,and on the light lands the crop looks better than it has in a number of years. It is full) expected ected that with the aver - Age weather and plenty of g p y sunshine the fall wheat will be ready for cutting the first part of /iugust, Samples sent in from dif- ferent sections •show as good head and clean` straw as was ever shown at this time a year. TORONTO CORRESPONDENCE INTERSTINQ MS OP GOSSIP FROM THB QunEH CITY. In the Happy Summer Time ---Whore To• rontonians Spend Their HolldaY1 "visitors From the States. l n reidsuinmer holiday time Toronto People scatter to the ends of the earth` There is no one place or locality or die- aummor that be meanybplaoes are Toronto's able that the populationseekingroat and recreation gets diffused xu a waY that la, unusual, even for the largest cities. Por the inns' part, they•stay in Canada, though au increasing number have the time and money to take all ocean voyage and European tour, and a number of others seek the mountains of New England or the seashore of Maine, Connecticut or New Jersey. But the popular resorts for those who wish to stay within striking distance of the city are Lake Simcoe, which is becoming surrounded by settle- ments of Toronto summer visitors, Geor- gian Bay, the Muskoka Lakes, the Lake of Bays district, the Kawarthe, Lakes and the other localities of central Ontario, which are honeycombed with lakes and streams. THE REAL SUBURBANITES. A population of several thousand find summer houses along the north shore of Lake Ontario, so close that the men folks can: get to the city for business by train every day. These settlements extend al- most as far as Hamilton on the west and a similar distanoe to the east. Some of these enthusiasts have heat residences suitable for all the yeashabitation, but the winter "suburbanites'. have not mn1- Wailed fast as yet, Still others cross the lake to the Niagara and Grimsby dis- tricts, and smaller groups scatter all over the Province. Scarcely a town but has its allots, of Toronto holidayers. But they nearly all got back in time for the Exhibition, and Toronto is happy if they only bring all their summer friends with them. COTTAGES COST $500 FOR SUMMER. Toronto Island, deserted to the east winds and mountains of ice in winter, is itself the center of a dense summer p0- Inflation. It is only a sandbar which, while providing a delightful beach gives little encouragement to vegetation. But it remainsstremendously popular, as evi- denced by the fact that comparatively small, rough -finished frame cottages com- mand rentals of 5500 and more for the summer months. CITY FULL OF VISITORS. But Toronto shows no'signs of quietness, even in the dor days, for it is itself a summer resort. Traffic on all the down- town streets is as dense in July as it is in April. It is only when one visits the better residential streets and sees long rows of houses with the blinds drawn and no sign of life anywhere visible that one realizes that the holidays are in full swing. Every day American visitors throng the retail districts. Many of them come by boat , from Niagara. American railways from all over the States run excursions to Niagara Falls and from that point thousands daily make a one -day trip across Lake Ontario to Toronto. The crowd at the foot of Tongs street after the arrival of a boat often seems to be composed entirely of visitors from Ken- tucky, Tennessee or other southern points. They are easily distinguished from bright- cheeked Canadians by their sallow com- plexions, and the little peculiarities of their clothes, and when they speak, by their delightful southern drawl. GETTING A BIRD'S-EYE VIEW. If their visit is but for the day the fa- vorite thing to do is to take a sight- seeing motor 'bus, and have a "jov ride" Around the city. The guides give them a lot of so-called information about men and places, most of which will scarcely bear examination. But they go away happy because they at least think they have learned a lot about Toronto and Canada, and there is no people under the sun more desirous of superficial know- ledge than the Americans. But many of them stay more than a day. and perhaps make further excur- sions into Canada. The traffic is increas- ing rear after year, which indicates that those who come must carry back favor able impressions. DANGER OP FLAG INCIDENTS. One thing that continually threatens to mar the visits of our American cousins is the ever-present danger of a flag in- cident cropping up. Perhaps it is an over -zealous Yankee patriot, or it may be a materialistic Canadian merchant seeking customers, who invites trouble by an improper use of "Old Glory." The trouble is that we on this continent have not yet learned the etiquette of flag fly- ing. The universal rule is that if it is desired to display the flag of a foreign country, the flag of the soil on which it standsrmust top it on the mast. If this rule were universally followed there would be no reason for anyone to feel insulted, and no reason for any complaints. "HERB" LENNOX'S PICNIC. "Herb" Lennox's picnic in North York has become an annual midsummer insti- tution. It is announced that, now that Tammany Hall of New York has cone out of the picnic business, "Herb's" is the greatest political plena: in America. No. disrespect is intended by the use of the nickname 'Herb." That's what he likes to be called, and the name under which he advertises. the picnic. It helps to make votes, and besides he really likes it. North York Is one of those constituencies which shows more loyalty to men than. to parties. This is illustrated by the fact that it is nearly the same riding that now gives Lennox a thousand of a ma- jority that used to give Sir William . Mu - look a four -figured majority nearly every election. "Bill" had his own ways of keeping in touch with his constituents, the picnic is "Herb's" way -one of them. It also gives him an opportunity to show a Iot of his city friends the beauties of Lake Simcoe. The farmers and their families come in thousands. Tbere is dancing and sports and a good time gen. era" ,a with a suitable seasoning of speeches for the more serious-minded, speeches which, it does not need to be added, contain only good Conservative doctrine. A HYDRO.ELEOTRIC LOSS. There is eeneral regret at the retire- ment of P. W Sothman from the chief engineership of the Hydro -Electric Com- mission to go into private practice. In his profession Sothman is regarded akin to a genius. By birth he is Danish and talks English only with a decided, but very attractive, accent. His hobby is airships. He has designed more than one, and has constructed mod- els. Many times have his reporter friends pleaded with him to let them print an airship story about hire, but he always refused. Ile was too busy working for the Government, he said. Sothman used to be very short-sighted. Then when on a bis engineering job in Liberia he met with an accident which sent many thousand volts of electricity throui;b his' body. He was knocked sense- less and badly scarred by the burns, but life short-sightedness vanished. He applied to the Hydro -Electric Corm. mission thrbugh an advertisenlent in a New York engineering paper. And it was a lucky day when he came to Can- ada. He proposes to stay here. 76 NEW POSTOFFICES. June's Record -Most of .Thum in Rapidly Filling West. 'A despatch from Ottawa says: Seventy-six new postofiiees were opened in Canada during the month of June. The great majority of them were inthe western prov- inces, thus indicating the rapid settlement of new districts by the record influxcof immigration this Year. DIE NEWS IN A PARAGRAPH IlaITENING9 FROM.. ALL OTEH TIIE GLOBE IN A NUTSHELL. Canada, the Empire and the World in General Before Your Eves. CANADA. Galt has an epidemic of burglary. Half a dozen stores have been en- tered lately,, Chief of Police Carpenter says Montreal is the centre of the opium traffic in Canada. Ottawa is experiencing an epi- demic! of typhoid, .sixty cases being reported within a few days. Connie Wooley, aged 11, came from Liverpool to Toronto alone, with her four-year-old brother. Thomas Wilson was burned to death at the old .Quebec bridge, be- ing pinned under an overturned boiler. Beatty & Sons, Limited, of Wel- land, a di -edge and shipbuilding concern,hasa been to a Cleve- land firm. C. D. Sheldon's estate will pay from one to one and one-half cents on the dollar to creditors of the "financier." William A. Grasby of London dropped dead at the Pere Mar- quette Station as he was going to take a train. A trainload of pilgrims from Ste. Anne de Beaupre narrowly escaped death in a collision near Rigaud, Que., on Friday. J- Craig, a Hamilton postman, was presented with an oak rocker by the police for his bravery in as- sisting a constable. A. J. Vanveit, of East Grand Forks, Minn., handed his wife his will in Victoria, B.C., and then shot and killed himself. The Western grain growers have decided to take over the Manitoba Government elevator system, com- prising 104 elevators. GREAT BRITAIN. Premier Borden and his col- leagues attended a Royal garden party at Windsor Castle. The Kolapore Cup was won by the mother country team. Cana- dians won several prizes. Freda Pickett, a 6 -year-old girl of Leicester, Eng., swam a half -mile in 19 minute's. It was computed that ten million workers in Britain had registered under the insurance act. Eight suffragettes were arrested in Dublin for attempted violence on the Prime Minister and on other charges. UNITED STATES. Mayor Arnold, of Denver, esti- mates the damage by the recent flood there at four millions. GENERAL. Abdul Hamid, former Sultan of Turkey, is dying. • Another case of bubonic plague has been found at Havana. Four battalions of Turkish troops were forced to surrender in Albania The menace of a national strike is beginning to take shape in Bel- gium. Sir Percy Girouard, Governor of the East Africa Protectorate, has resigned. Public opinion is growing in. Tur- key against the Committee of Union and Progress. The French dirigible, Clement Bayard, was sixteen hours aloft on reconnaissance duty. Hubert Latham, the well-known French aviator, was gored to death by a wounded buffalo in. North Af- rica. Italian torpedo boats made an at- tack on the Turkish forts at the en- trance to the Dardanelles. Two were sunk by the forts. In a competititon for -the selec- tion of ten professors of drawing for municipal schools, held at Par- is, women artists won them all. GOLD VEIN UNDER DOCKS. Workman Said to have Made Dis- covery in Cape Town. A despatch from Cape Town says : It is reported that gold -bear- ing quartz has been discovered in excavations under the docks here in a reef 30 feet high. The man who discovered the vein is named Tear- nan. He was employed' as a work- man on the dock eighteen years ago. Since then he has been em- ployed in the mines in the north and suspected the presence of gold in the soil here. He watched the excavations on Wednesday and ool- lected some specimens, which he submitted to experts. These men, who did not know their origin, said they were geld specimens from the Transvaal. SENT DOWN FOR LIFE. Punishment of Chinese for Attack on Sir Francis . May. 'A despatch from Hong Hong aa. o: Li Hon Honthe Chinese ho t tempted to assassinate Sir Francis May, the $ritish High Commission- er for the Western Pacific, a few days ago, was on Thursday sen- tenced to life imprisonment at hard TRYING TO CLOSE THE GAP Work on the Transcontinental is Being Rushed . in North Ontario A despatch from Ottawa says: Major R. W. Leonard, the chair- man hairman of the Transcontinental Rail- way Commission, has just returned to Ottawa., and lost no time in issu- ing an absolute denial to news- paper assertions that he has in- crea:sejl the grades of the railway,. There has been no changein the grades, he declared, that will effect the hauling capacity of a l000mo- tive either eastbound or westbound to the extent of a single pound. Neither has he any intention of making any such change. Major Leonard has just complet- ed a long trip, in which he went as far west as the Yellowhead Pass in company with Hon. Frank Coch- rane, Minister of Railways, and in particular went over the line east of Winnipeg for the purpose of do- ing everything possible to hurry on, the work, and expedite the comple- tion of the road. The track is laid from Winnipeg to a point near Lake Nipigon, There then occurs a gap which by this time is reduced to about a hundred miles, Another gap of about the seine length oc- curs in Quebec, some distance east of Cochrane, and there is a short gap in Quebec on the south side of the St, Lawrence, a short distance east of Levis. While Major Leonard will not commits himself to a definite state- ment he has some hope of closing the Lake Nipigon gap this Autumn, so that the line may be available for hauling this season's wheat east to Cochrane and down by the Timis- kaming and Northern Ontario to Montreal. Every effort is being made. The issue is largely a matter of conditnons. If they prove favor- able, it may be accomplished. Next year the line should be in operation as a grain carrying route . MAKING SAFE INVESTMENTS A RECENT AND ACCURATE DEFINITION • OF THE TERM "INVESTMENT." A Couple of Examples as to Why It Is Incorrect to Call Even the Most Conser- vative Common Shares Investments When Using the Term In its Strict Meaning. The articles contributed by "Investor" are for the sole purpose of guiding pros- pective investors, and, if possible, of sav- ing them from losing money through placing it in "wild -oat" enterprises. The impartial and reliable character of the information may be relied upon. The writer of these articles and the publisher of this paper have no interests to serve in connection with this matter other than those of the reader. (By "Investor.") Some of the writers on investment, whose opinions are most respected, claim that putting money in shares is not in- vesting it. This definition of an invest- ment is something which one may pur- chase in the shape of a negotiable secur- ity which involves the payment of inter- est and the repayment of the capital at some fixed time in the future, or under certain definite conditions. In other words, an investment is always a loan, and any securities which do not repre- sent money loaned are not, according to their definition, an investment. True, they say. some securities almost fulfil all the requirements of an investment that are not loans, •but strictly speaking they are not investments. There is a good deal to be said for their position, for undoubtedly that de- scription comes very close to a general definition. Unfortunately some mortgages cannot be considered investments, nor yet some shares cannot be accurately de- scribed as speculations. However, it is a fairly accurate definition, and pretty well on the safe side. Take such a security as Consumers' Gas Company of Toronto shares. These are used ascan illustration because the Com= pang is so situated that the hypothetical cases which I shall suggest cannot take place in connection therewith. I make this statement to reassure any holders of Consumers' Gas stock, who might other- wise feel uneasy at reading these sug- gestions. Now, Consumers' Gas stook is as nearly a true investment as it is possible for a stock to be. It has no speculative side. Its returns are limited by law to 10 per cent on the par value, which represents about 51-4 per cent on the present mar- ket price of the shares. Its earnings have been steadily growing, and it is well managed. It commands a ready market with very few fluctuations in pries, Its assets are substantial and • valuable. Ap- parently it is a pure quibble to say it is not an investment. Suppose, however, the recent annexa- tions to the City of Toronto required a sudden expansion in the company's sys- tem of mains and in its plant. A less substantial company would find it neces- sary to issue securities more attractive than' ordinary stock to raise the money, and conceivably the Consumers' Gas Company during some such period of stress as occurred in 1892, 1902" or 1907 necessary1 and might find it to sell bonds to raise this . money. These bonds would, of course, come ahead of the common stock, and that steak would, by the issue of bonds, become less satisfactory as an in- vestment. Indeed, 1t 'might happen that as earnings are limited: to a sum suffici- ent to pay 10 per cent. on the common stook, that in order to pay the bond in- terest it world be necessary to out the return on the junior security. Or, suppose, under stress of a coal' strike or some other unforseen contin- gency the Company's earnings fell be- low the 10 per cent. mark. It would be necessary to cut the dividend in order to keep within the earnings. But a bond in a aimilar position couldn't be denied its interest. In a period of stress such a company could raise by means of a loan from its bank enough money to take care of such a temporary contin- gency` But the law and the ordinary principles of good business would pre- vent the directors taking similar steps in connection with the dividend in suoh a case. ' That is why a stock should not be called an investment. Many people will find fault with this attitude, but wh, awe come right down to facts nothing can be de- vised which will come ahead of a mort- gage -and therefore of bond. which is secured by mortgage; but if a contin- gency arises it is, a very simple matter to slip in a couple of bond 'lasses and all descriptions of preferred sock be tween the common stock and the assets. And even it there is nothing between, the common shareholders has ho right to demand, or expeot to get his money back. He is merely a Partnerinthe enterprise, GET ACQUAINTED iWITH YOUR NEIGHBORS. If yon are genteel in appearance and ooUrteoue in your manner, you will be welcomed in every home in your locality, when you are showing samples of our an. perior toilet goods, household necessities, and reliable remedies. The satisfaction which our goods give, place, the 'users under an obligation to you, which wine for you the same respect, esteem, and in. timate friendship given the priest, phyei- clan, or pastor, and you will make more money from your spare time than you dreamm of,besides a host of friends. . This is our opportunity for a pleasant, profitable and permanent business. Ad. dress, The Rome Supply Co.. Dept 20, Mer rill Building, Torogto Ont. The Canadian Consolidated Rub- ber Company will erect a million- dollar auto tire plant in Berlin. The large woollen mill at' Hespel- er, idle for eight years, has been , purchased by a company for a stove labor. 1 factory, , SIR DONALD'S PREDICTION. Believes the West Will have 250,- 000,000 Bushels This Year. A despatch from Winnipeg says : Sir Donald Mann, in Winnipeg on Wednesday, denied that the New York -Montreal -Toronto syndicate would buy the Winnipeg street rail- way. "As far as I know there are no negotiations now for the pur- chase of the street railway stock. At the present time it is •worth more in market than prospective purchasers are offering. In regard to the main line, as things are go- ing now, grading will be completed from New Westminster inland for a distance of 350 miles. The inter- vening gap will also be covered with contractors by the end of the year. I have never seen the crops looking better, and unless some un- foreseen accident oocurs I believe the crop will run as high as a quar- ter of a billion bushels," said Sir Donald. 5 To First Mortgage Sinking Fund Bonds Ritz-Carlton Hotel Company of Montreal, Limited Price :95 and Interest Special circular on request CANADA SECURITIES CORPORATION LTD. Montreal, Toronto, London, Eng. tr arinetteteteve°' 'Gl : co, LTD.. TORON'° THE STANDARD ARTICLE • SOLD EVERYWHERE I.c� n�7� 1!Forma • p i I I softenind,I water; I µt1 µ„ala 1,w, tl �p`d n9,dlIIII •I t I ,re`�no�Y�.gl�.�7C �a�n� ,„...„41„,„.i,III 'T V I ill n. i I ,,„ii, , u � I I l u 1SinIe116cti 1 I 'n101,0104II ON IIII11i11, 1�IIIIsxsIIIIh; totIItU 1� I III III,'.IIU II; u't''ainsi�l n.dl Ito ' %I111111i U111111' Oche Illuull nlllnses y purposes It EWOILLETT COMPANY � °'n pL I IMS i TYgg O AORONTo,QNTT A CRUEL HINT. Helen -"She has reason to cry, poor earl." Mame-"Why 1" Helen -"Every wedding anniver- sary he gives her another volume of a cook book series." Save Money and Increase its Earning Power WE have issued a Book- let describing the PERIODICAL PAYMENT PLAN for the purchase of stocks and bonds, This Booklet shows how you can create capital through a small monthly savings, It also shows how there savings are protected and how they are available for use at .any time if required. Write "to Investment Department. THE METROPOLITAN SECURITIES AGENCY, LIMITED 160 St. James St., MONTREAL lir Mountain Hill, QUEBEC '� The Ownership of a Bond Lays the Basis of a PERMANENT Income N those sections of Canada I greatest there is the per capita wealth, • Bonds form the largest item in the list of investments. Bonds are considered the most desirable method of investment from standpoints of safety, income and convenience. The purchase of the first bond -whether $foo, $500 or $i000 -forms the basis of a Permanent and independent income. The satisfaction in its possession stimulates the desire to own another. We can aid you in solving the problem `-`of making your money earn more money- making your savings grow and earn a constantly increasing income. The man of small capital should consider the safety of his investment's. He needs to • ct know about bond investments because they offer the highest possible return consistent with absolute security. We have excellent bonds in denominations of $Igo and $500 as well as $1000. The security of these bonds is established by expertengineers and expert attorneys. The financial position of the properties by which bonds are secured is strictly investigated by_ us before bonds are offered to our customers -in fact, since the organization of this house there has been no default in principal or interest payments on any bond ithas brought out. We will be pleased to consult or correspond with investors regarding any securities in which they may be interested. We have bonds of thehi est o l she grade yielding from 5% to 6%e SECURITIE3 CORPOPOCJOIY LIMIT .. .,. ..:-..-v.i...:.,.nYrs..Jn.�;w'�Y."..l...t..ti..n,w :ux;•, ri, :aatr9'A*u"'..,L 6AIYKOPM01"ITt7AI. BI.DG.�1O .QIJEEnFYb(iCslIS7#'� It•M•111hiI'T:inan'Acese.• MArtrarszAfa- Qui r..1^IAL.IfrATAWA. 4,.G.Nttatari. tWJ..AlriD