The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-05-03

but three per cent: instead of five as de-
clared. It is a question Of which account
receives the charge for certain improve
ments on the property and Canadians are
inclined to admit that there is much jus
tice in American criticism in this partic-
ular. So much SO that it is intimated a
change to American methods of bookkeep
ing may be made. this year. 80 ~
The Future of sc. P.''ss, = -, 3.
With prospects included it must be ad-
mitted that the Canadian Pacific is "a
good thing. Whether it's stock will be
up to $3.50 by next fall or not is for the
clairvoyants in stock jobbing to guess.
The Canadian Pacific is beginning TO
profit by that development of the west
which is making American railway men
rich and placing railway stocks on re-
spectacle Investment basis. The total
gross earnings of the Canadian Pacific
for this fiscal year will be in the neigh
borhood of $38, 900, 900. For the first time
to substitute: railways, the dominion now
has line that is pulling profitable reYe-
nue. from the prairies of the west as we'll
as the eastern provinces. A failure of
crop will any year temporarily affect the
earnings of the Canadian Pacific, but as a
general proposition a period of years will
see the road progress along all lines.
Canada can raise big crops. She de-
monstrated it last year when Manitoba
showed net result on wheat of so, 900 900
bushels. This magnificent crop is in a
great degree responsible for the big in
crease in earnings. This years figures
will be the greatest by $4,000, 900 ever
scored in twelve months by the Canadian
Pacific sgls~ -@F
Good northwestern Stocks.
- A prominent northwestern business
man makes the point that while the,north-
west has furnished some of the best MON
ey makers in stock Investments in the
past two years, northwestern people gen
orally have failed to realize on the OPP
portunity. The Twin City Rapid Transit
company as a profit-maker has fulfilled
the hopes of it's, friends who grabbed a
root and hung on to the earth" for many
years. "A year ago there were plenty of
investors in the northwest who believed
that 500 certificates were "a good long
time investment but with the ajority
of them their faith did not, extend far
enough. The same was true a year earlier
with Minneapolis & ST, Louis, and also
Northern Pacific. Canadians have had
enough faith in the growth Of the Ameri-
can mort Invest and in the. earning power
Of the local. street railway system and the
500. road to buy the certificates put them
in the safe, and wait for prosperity to do
the rest. sInlS same purchasing element
were attracted to Canadian Pacific shares
some months ago. If they desire to pull
these out Of the strong boxes now they
can sch at a good profit.
Good CT r.. AuxiIfaries.
7 In addition to the railway proper, the
Canadian Pacific has several choice auxil-
larry money earners which every American
railway does not have. In, addition to its
ma II Driyi leQes If has Ifs own nYnrns,c
lines and sleeping cars, which contribute
to the gross earnings volume. Then there
are other properties Will oh are consta ntly
growing In value and increasing their
profits. These are2athe! Pacific feet, the
lake and river fleets, grain elevators and
lsmelters. The net profits from these sour
ces last year amounted to So .0O0, 900. 1t