The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

WHEAT SOWN AREA IS LESS Oats and Barley are Somewhat Ahead of Last Year Crop and Stock Bulletin A despatch from Ottawa says : A bulletin on the crop* and live ftoek 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 full wheat in 1911 was 1,097,900 acres, but winter killing has reduc- ed this area to TSI.OOO acres. The vrea sown to oats is estimated at 8,494,000 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 eovors 9,029,000 acres as against 8,946, 9C5 acres in 1911, the increase being in Saskatchewan and Alberta. Including fall wheat the total wheat en-age- in the three Provinces is 9.L <..! >0. as compared with 9,301,293 ere* in 19M, the decrease being ac- counted for by the large area ot fall wheat winter-k'llod in A'berta. Oats in the vhree provinces .<*ciipy 5,037,000 acres, and barley 826. ICO als are recorded in Prince Edward Island and British Columbia, the per cent, condition ranging from 97 to 99 in the former and from 90 to 95 in the latter Province, the fflRONffl CORRESPONDENCE INTERESTING BITS OF GOSSIP FROM THE QUEEN CITY. In th Happy Summer Time Whsre To- rontonlani Spend Their Holiday* Visitor* From the states. In midsummer holiday time Toronto people scatter to the end of th earth There Is no one place or locality or dig trlct that can be described as Toronto s ummcr resort. Bo many places are avail able that the population soaking rent am . . . KUM* 111.*. MM |lvpw*n>l" >~ -- - j- average for the Dominion being I recreation gets^ diffused in a^way that is from 80 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, waa 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 16 per cent. The estimated numbers of live stock show further decreases ex- cept as regards horses and dairy unusual, oven for the largest cities. For the mos 1 part, they stay In Canada though an Increasing; number have the time and money to take an ocean voyag< and European tour, and a number ol 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 Bimcoe. which is becoming surrounded by settle- ments of Toronto summer visitors. Geor- gian Bay. the Mnskoka Lakes, the Lake of Bays district, the Kawartha Lakes and the other localities of central Ontario, which are honeycombed with lakes and streams. THE REAL SUBURBANITES. A population of seyeral thousand find summer honses along the north shore of Lake Ontario, so clone 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 distance to the east. Some of these enthusiasts have >>"t residences suitable for all the yeai Habitation, but the winter "suburbanites' have not mul- tiplied fast as yet. Still others cross the lake to the Niagara and Orimsby dis- tricts, and smaller groups scatter all over the ProTince. Scarcely a town but has Its auota of Toronto holldayers. But they nearly all get back In time for the Exhibition, and Toronto Is hap" if they friends only bring them. all their summer COTTAOEB COST $500 FOR RUMMER. Toronto Island, deserted to the east acres, as compared with last year'* 'cattle, the former being 70,400 and census figures of 4,563,203 acres for j the latter 14,500 more than last vat and 761,738 for barley. year's estimates. The census fig- Whilst not equal to the exce.p- urea of 1911 are not yet available, tionally high figures recorded this The condition of all live stock in | pYiiatio'n." it "is onlv~ a sandbar wh^lch^ time last year, the condition of Canada is uniformly excellent, the whlln r> r Tldln a pring sown crops is generally good, number of points being 97 horses, The hifhest figures for spring cere- 98 cattle, 97 sheep and 96 swine. PRICES OF FARM PROWS REPORTS FROM THE LEADING TRADE CENTRES OF AMERICA. fries, sr Cattle, Grain, Cheese and Otner Product at Horn* and Abroad. BREADSTUFFB. Toronto. July 23. Flour Winter wheat per oent. patents. $4.15 to $4.20. at sa board, and at *4.20 to $4.25 .tor home con sumption. ManlUiba Flours- -First patents 1570: second patents. $520. and rou- Bakers'. $5. on -.rack. Toronto. Manitoba Whpat No. 1 Northern $1.11 Riy ports; No. 2 At $1.10. and Ho. J at .05 Bay ports. Feed wheat by sam le. 62 to (5c. Bay ports. Ontari* Wheat N*. 2 white, red and Ixed. $1.04 to II M. outside. Pea* Nominal. Oats -far lots of No. 2 Ontario, 46 to 4Tc. and Ne. J at 45c, on track, Toronto. Mo. 1 extra W. C. feed. 45c, Bar ports, nd No. 1 it 4c Bay port*. Barley- Nominal. Corn- No. J America* yellow, TCc, 01 track. Bar iu>rtH. aid at Sic. Toronto. Kjre Nominal. Buck wheat Nominal. Bran Manitoba bran, $22. IB bats, To Touto rreifcht. Hherts. $24. TOI'NTrlT PRODUCE. Ratter Dairy. cHelne, 21 to Ma: bakers'. Inferior. 21 to 21c; creamery. 17 to 28o for rolls, and 26c for solids. Errir- 23 to 24c a dozen. ''I'.-..- New cheose. 14 I 4r for \.\ryi- aid 141-Eo fr twins. Mean* Hand-pioked, $3 per bushel; primes. $2.85 to $290. ll'iney Eitracted. in tins. H to 12c per Ib. Poultry- Wholesale prlees of choice <tn---<-d pnnhry Thickens, IS to 17e nor Ib: fowl. 11 to 12c: turkeys. 18 to 19c. Live Donltry. about 2c lower than the above. Potatoes Car lot* of Ontarios, in bags. $1.40. and Delaware* at $1.5*. HOO PRODUCTS. Baoon- lying clear. 13 to 14 1-Zc per Ib.. In case lots. Pork Short cat. $25 to $25.- U: dn. mess. 28.50 to (21. Hams- Medlnm in light, 1T1-! to IRc; heary. 16 1-1 to IT.- rolls, 13 M to !J3-4c; hre.ikfast bacon. 1$ to I81-2c- backs. 20 to 21c Iiard -Tierces. 13$-4o: tubs. 14o; palls. 141-lc. MOVTRKAL MARKET*. Montreal. .Inly 23. (lorn. American yel- low No. 2. 78c. Oats. Canadian Western. 441-2 to 47c; Canadian Western. No. 3, 451-2c: eirira No 1 feed. 46 l-2c. Barlev. Man., feed. 63 to 64c ; malting. $105. Buck- wheat. No. 2. 75 to 76e. Floor. Man., (taring wheat patents, firsts. $5.80: sec- onds. $5.30: strong baker*'. $510; Winter patents, choice. $5.40 u> $550: straight ri ll.Ts. *4.fS to $5.00; straight rollers. bB. $240 to $250. Rolled outs, barrels. $^W: bur. W Inn.. $249 Bran, IJ1.00. Shorts. $2600. Middling. $2700. Mnnlllle. $.1000 to $M.OO. nay. No. 2 per ton car lots. $1700 to $1800. Cheese, finest west- erns. 127-8 to 131-4c: fined easterns, 123-$ to 12 5-8r. Butter, choicest creamery. 253-4 to Vn- . nerondn. 25 to 251-2r F)ggn, select- d. ft t 26e: No. 2 Stock. 15 to 1o. to- tutoes. nT b(r. car lots, $1 60 I'NITHT) 8TATKS MARKETS , Minneapolis. Jnly II -Wheat -July. $)!.- *-- - - -!! 05; September, Kl-tc: December. 953-4c; No. 1 bard. $1.06; No. 1 Northern, $1.07 to $1.071-2; No. 2 Northern, $1.851-2 to $1.06. Corn-No. 3 yellow. 73 to 73 l-2c. Oats- No. 3 white. 45 to 45 3-4c. Rye-No. 2. 70c. Bran $20 to $21. Flour First patents, $5.10 to U5.35; do., seconds, $4.80 to $5.05; flrnt clears. $3.50 to $3.75; do., seconds, 2.40 to $2.70. Buffalo. Jnly 23. Spring wheat No. 1 Northern, carloads store. $1.08: Winter scarce. Torn -No. 3 yellow. 771-2c: No. 4 yellow. 753-4c; No. 3 corn, 751-4 to 761-4c; No. 4 corn. 743-4 to 75 l-4c. ou track, through billed Oats No. I whitit, 551-4c; No. 3 white. 541-4c; No. 4 white. 53 l-4o. LIVE STOCK MARKETS. Montreal. Jnly 23. Top quality steers sold at S7.25 to $7.50. good at $6.75 to $7. and fair af $6 to $6.50 per 100 Ibs. Choice butchers' cows sold as high as $6, but the bulk of tho trading was done at 5 tc $5.75, and the common and Inferior a $3.50 to $4.50 per cwt. Common irrass fed bul's sold at $2 to $2.50 per cwt. am the better stock at from $4 to $5.50 pe ?wt. Hale* of sheep were made at $3 t $3.75 per cwt. Lambs met with a fai sule at $7 per cwt. Selected lots of hog sold at $8.50 to $8.75 per cwt., weighe. off cars. Calves ranged from $3 to $ ouch, as to size and quality. Toronto. July 23,-Hogs continued thel rise of lc a day. the latest figures being 1$ 10 to $$.30. fed and watered. florin lamb* were dearer attain, choice ones se' ling at M.50 to $10. Milk con* were alsr a toot sale from $50 to $70. Common an medium cattle ranged from $5 to $6.50 wi'b what few choice ones WIT* offerini ellln- at $6.76 to $7.25. *_ ENDTRlin TERRIBLE AGONY. Sad Plight of An Old Lady Owing to Paralysis. A despatch from Ottawa says Mrs. Brunei, aged seventy-two, o in King Edward Avenue, a para- 'ytic, is dead as the result of terri it remains tremendously popular, as evi- denced by th-! fact that comparatively small, rough-finished frame cottages com- mand rentals of $500 and more for the summer months. CITY FULL OF VISITORS. But Toronto shows no signs of quietness, even in the do days, for it if itself a 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 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- creased the grades of the- railway. There has been no change in the grades, he declared, that will effect the hauling capacity of a locomo- 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 'ar weet as the Yellowhead Pass in company with Hon. Frank Coch- rane, Minister of Railways, and in particular went over the line east )f Winnipeg for the_ purpose of do- ng everything possible to hurry on ;he work, and expedite the comple- as a grain-carrying route. 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 ia reduced to about a hundred miles. Another gap of about the same 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 commit 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 Oatario to Montreal. Every effort is being made. The issue is largely a matter of condition*. If they prove favor- able, it may be accomplished. Next year the line should be in operation MAKING SAFE INVESTMENTS RECENT AND ACCURATE DEFINITION OF THE TERM "INVESTMENT." Couple of Example* at to Why It I* Incorrect to Call Even tht Most Conser- vative Common Shares Investments When Using Meaning. the Term In Its Strict The articles contributed by "Investor" re for the sole purpose of guiding proa- 'i--. investors, and. if possible, of sav- tr them from losing money through acing it in "wild-cat" enterprises. The ipurti.il and reliable character of the summer resort. Traffic on all the down- 1 information may be relied upon. The town streets is as dense in July as it is writer of these articles and the publisher In April It is only when one visits the bc'ter residential str-iets and sees long rows of houses with the blinds drawn and no sign of life anywhere visible that one realizes that the holidays arc in full swing. Kvery dav 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 thousands daily make across Lake Ontario to Toronto. from that point one-day trip Thf received when, in ende-a- .. to pick up a key from the loor, sh upset a candle, igniting ler clothvs. The old lady as a re suit of paralysis was unnblo to utter a sound or move to call for assis /ance, and waa only discovere< some hours later by occupants o ho house, silently suffering terrible agony. 4* WILL GO TO CANADA. lotirlng Naval Officers Think It Is tlio Best Vantage Ground. A despatch from London says A naval expert who knows the eon iments of the officers of the fleet tales that ninny declare they will 50 to Canada when retiring on the escrve list, for a twofold mason, mr mateJMnl prosperity and the >est vantage ground from which to crvn the expansion of the Era- ire in ovor-sean territory. , i ;, PLENTY OF RAIN IN WEST 4 amples Show as Good Head and Clean Straw as Ever Exhibited at This Period ' A drspatch from Winnipeg says: Crop conditions in tlie throe prairi proviiK-cs wcro nrvrr better nor m.>r promising at thi tiiiw of th- year. Thia it tho report hr.inj? Hen oat by tho Canadian Pacific Rail way, and {t tho general rosult of report* si^ht in by its agents from every ,i. .iivi ; - ,, on the Western The situation in Manitoba i* greatly Improved over one week ago La*t w<-ek <>nn- points still nor-drd rain, lut now every district has, been greatly relieve*) 1 . Whita grrterall.v cool, tHe weather has bcn goi*] for stindv growth and filling of the. heads Seventy-five JK r cr-nt. of the grain is now out in head and a large part of it shows a fairly long head, although on omo of th Ugh* land uwing to pre- vious dry weather the head is a liftl shorter than it would other- wine have been. Ther was a slight touch of frost throughout South- western Manitoba la-si Saturday and Sunday nights, but no, damage was doiu 1 except on some low lying land in the vicinity of Napinka, and this wn* rniirineri to a very small area. There was also some hail in different sections, but th$ gate dimiage is verv small. What equally aggre- is true tru in in Manitoba is Saskatchewan. Splendid progress ha,s been made during the past week, thnre. being a fnirly good growth of sljlraw and tlie heads filling well. All authorities in Albeijfc state that conditions there wei)0 never better. There has been .in abun- dance. of rin. and on t|je light lands the crop looks bettfi than it has in a number of years!, It is fully expected that with the aver- age warm weather and p|nt.v of >nn him i !i<> fall wheat will be. ready for cutting the firsb'.part of August. Samples sent in Bom dif- ferent sections show as g<fd head and clean straw as was ev$r shown at this time of vear. crowd nt the foot of Yonire direct after the arrival of a bont often Booms t b comnosed entirely of visitors from Ken- tnrky. Tennessee or other southern points. ThoT are easilr distinirtilshed fnm briirht- cheeked Canadians t>y their sallow pom- nlexions. end the little peculiarities of their elothos. and when they speak, by their dellprhtfnl nouthe.rn drawl. aETTINO A BIRD'8-KYE VIEW. If their ylslt Is but for the day the fa- vorite tliinir to do 1 to take a sielr- peelnir motor* 'bus. nnil have a "Joy ride." around tKe city. The euidos give them a of this paper have no interests to sorve in connection with thii matter other than those ot the reader. (By "Investor.") Some of the writers on Investment, whose opinions are most rcnpected. claim that putting money in shares is not in- v>tin 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 Used time in the future, or under I-.TI nn definite conditions. ID 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 th requirements of an investment that ara 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 corned very close to a (toneral SIR DONALD'S PREDICTION. lot of so-called Information about men j dvltnition. Unfortunately some mortgages and place*, mont of which will ncaroely canuol be considered investments, nor yet hear examination, hanny beonuiie thei Bnt they (to away | gome eharca cannot be accurately d- at least think thev scribed as speculations. However, it is a have learned a lot about Toronto and > fairlv accurate definition, and pretty well Canada, and there is no people, under the sun more, desirous of superficial know- ledee than the Americans. nut many of them stay more than a day. and perhaps mnke further excur- sions Into Tnnada. The traffic is increas- ing vcnr after year, which Indicates that those who come must carry back favor- able Impressions. DANOKB OF FLAO INCIDENTS. One thine that continually threatens to mar tho visits ol our American cousins Is the ever-present daneor of a flat in- cident cropping up. Perhaps it is an over-walous Yankee patriot, or it may be a materialistic Canadian merchant woklng customers, who Invites trouble liv an Improper use of "Old Olory." The trouble Is Hint we on this continent have not yet learned the etiquette of flnz fly- Inc. 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 stands must top It on the mast. If this rule were universally followed there would he no reason for anyone to feel insulted, and no reason for an* complaints. "HERB" LENNOX'H PICNIC. "Herb" Lennox's picnic In North York has become an annual mlilxummer Insti- tution. H Is announced that, now that Tammany Hall nf New York has eone out of the picnic, business, "Herb's" Is the greatest political picnic, in America. No disrespect is intended by th use of the nickname "Herb." That's what he likes to he called, and the name under which he advertises the picnic. It helps to mnke 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 tho fact that it is nearly the same riding that now gives Lennox a thousand of a ma- jority that used to give Rlr William Mil- lock a four-figured majority nearly every election. "Bill" had his own ways of kneping In touch with his constituents, the picnic ls "Herb's" way one of them. It alxo gives him an opportunity to show a lot of his city friends the beauties of Lake Rlmeoe. The fnrmers and their families come in thousands. There la .1 in. in" and sports and a good time gen- i-i.iM. with a suitable teasoning of speeches for the more serious-minded, speeches which, it does not need to be added, contain onlv good Conservative doctrine. A HYDRO-ELECTRIC LOSS. There Is "encral regret at the retire- ment of P. W. Sothman from the chief ongino i. i- of the Hydro-Klectrle Com- mission to go into private practice. In lis profession Rothman Is regarded akin to a genius. By birth he is Danish and ulks Knglixh only with verjp attractive, accent. a decided, but His hobby is airships. He has designed more than one. and has constructed mod- els. Many times have hln reporter friends uleaded with him to let them print an iirnhlp story about him, but he always refused. He was too busy working for the Government, he said. Sothman used to be very short-sighted Chen whe.n on a hi" engineering Job in 'ilbcrin he met with an accident which lent many thousand volts of electricity In, .uuli his body. He was knocked sense- ens mid badly scarred by tho burns, but lis short-sightedness vanished. He applied to the Hydro-Electric Com- nission through an advertisement In a New York engineering paper. And It vs, H Ineky day when he came to Can- ads. He proposes to stay here. 7fi NEW POSTOFFTfES. Tune's Herord- Most of Them In Rapidly Filling West. A despatch from Ottawa says : six new postoffioea were opened in Canada during the month >F June. The jrrent majority of ;h*m were in the western prov- nees, thus indicating the rapid settlement of new districts by the record influx of immigration th's vear. on the safe side. Take such a security as Consumers' Oas Company of Toronto shares. These are used as an illustration because the Com- pany is so situated that the hypothetical cases which I shall uugecst cannot take place in connection therewith. I make this statement to reassure any holders of Consumers' Oas stock, who might other- wise feel uneasy at reading these sug- gestions. Now, Consumers' Oas stock Is as nearly a true investment as It is possible for si stock to be. It has no speculative ' Its returns are limited by law to 10 por cent, on the par value, which represents about 5 1-4 per oent 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 price. Its assets ar substantial and valuable. Ap- parently it is a pure quibble to say It is not 'in Investment. Suppose, however, the rcnt annexa- tions to the City of Toronto required a sudden expansion in the company's sys- tem of main* 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 in 1 1: tit find it necessary to sell bonds to raise this money. Those bonds would, of course, i-ome ahead of tho common stock, and that stock would, by the issue of bonds, become loss satisfactory as an in- vestment. Indeed, it might happen that as earnings are limited to a sum suffici- ent to pay 10 per cent, on the common stock, that In order to pay the bond in- terest It would be necessary to cut. the return on tho junior security. Or. suppose, unde.r 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 similar 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 monev 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 such a case. That is why a stock should not be called an Investment. Many people will find fault with this attitude, but when we, come right down to facts nothing can be de- vised which will c-ome 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 issues and all descriptions of preferred stock bo- tweeri the common stock and the assets And even if there is nothing between the common shareholders has no right to demand, or expect to get his money back He is merely a partner In the enterprise' . * , GET ACQUAINTED WITH YOUR NEIGHBORS. If you ara genteel in appearance and courteous In your manner, you will be welcomed in every home In your locality when you arc showing samples of our su- perior toilet goods, household necessities and reliable remedies. The satisfaction which our goods give, places the users umlei an obligation to you, which wins for you the same respect, esteem, and In- timate friends)] i)i given the priest, physi- cian, or pastor, and you will make more money from your spare time than you dream of, besides a host of friends. ThU is your opportunity for a pleasant, profitable and permanent business. Ad- dresa. The Home Supply Co., Dept 20. Mer- rill Building. Toronto, 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 stov factory. Believes the West Will Have 250,- 000,000 Bushcla Thia Year. A despatch from Winnipeg s&ys : Sir Donald Mann, in Winnipeg on Wednesday, dejiied that the New York-Montral-Toronto syndicate would buy the Winnipeg street rail- way. "As far as I know there are no negotiations now for the pur- chase of tho 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 ooking better, and unless some un- 'oreseen accident occurs I believe the crop will run as high as a quar- of a billion bushels," said Sir Donald. THE STANDARD ARTICLE SOLD EVERYWHERE p . rormakjn^soan MI i'H|>ii ...... H IM.II.. rw-i ...... i,..,!/ MI 'H|>ii ...... H IM.II.. -i ...... i,.., softening water, E.W.GILLETT COMPANY LIN* ITED TORONTO,ONT. A CRUEL HINT. Helen "She has reason to cry, poor girl." Marae-"Why 7" Helen "Every wedding anniver- sary he gives her another volume of a, cook book series." 5% First Mortgage Sinking Fund Bonds Ritz-Carlton Hotel Company of Montreal, Limited Prloe 95 and Interest Special circular on request CANADA SECURITIES CORPORATION LTD. Montr. .1, Toronto. London. E .-, g Save Mon?y and Increase iis 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 these savings ar protected and how they are available for use at) any time if required. Write to Investment Department. THE METROPOLITAN SECURITIES AGENCY, LIMITED 160 St. Jamea St.. MONTREAL in Mountain Mill. O.UBBBC The Ownership of a Bond Lays the Basis of a PERMANENT Income TN those sections of Canada know about bond investments ^ where there is the greatest because they offer the highest pr _ capita wealth, Bonds possible return consistent with form the largest item in the absolute security, list of investments. Bonds are considered the most desirable We have excellent bonds In method of investment from denominations of Jioo and $500 standpoints of safety, income as well as $IOOO. The security J_ t_ _ ^ A t 1 * ". and convenience. of these bonds is established by expert engineers and expert attorneys. The financial position of the The purchase of the first oond whether $100, $500 or $1000 forms the basis of a permanent and independent Properties by which bonds are income. The satisfaction in its 8e c ure d s strictly investigated possession stimulates the desire by us before bonds are offered to own another. to our customers in fact, since the organization of this house We can aid you in solvine th ? re . ha , s b n default in the problem of making your P" nc Pl r interest payments money earn more money- onan y bond it has brought out. making your savings grow and We wi ,i be p l eased to consult or correspond with investors regarding any securities in which they may be interested. earn a constantly increasing income. The man of small capital should consider the safety of . We have bondsof the highest his investments. He needs to grade yielding from 5% to 6% BLDG.COR.QUEEn<5YOhGCJTOROHIO Que.e*e.c *H St." rfo?'* OTTAWA UOMDOM.EMGLAMO