The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-11-04
LOAN MAKES DULL
TORONTO MARKET
Volume of Trading Neverthe-
less Continues Beyond One
half of Average.
CAMPAIGN GOES WELL
Large Business Interests, Espe-
cially Life Insurance Com
d panies, Subscribe Heavily.
CAMPAIGN GOES WELL

| Special Correspondence 10 the Cdnddion
Section Of THE SUN.
TORONTO, Nov. "A falling off in In
terest in business on the Toronto Stock
Exchange naturally followed the open
ing of the Victory Loan canvass. All
the week but a handful of brokers had
been in attendance, though the volume
of trading continued beyond one-half
| the average for several weeks on the
bull market.
Perhaps the loan campaign was an
indirect stimulus to the market. The
pparent success of the loan at least In
dicated that money would be available
for credits for foreign trade for such
Industries as are dependent upon this
aid This will help business for months
to come, though the final reckoning
must not be left out of account.
So far there has been better response
to the loan from the large business In
terests than from the subscriber of small
amounts. powerful organization IS
comprised in the special subscriptions
committee, which does not hesitate to
| tell a corporation how much 1t ought to
| invest. This has been bonanza year
| for life insurance companies and from
these there have been large subscriptions
, for the loan
| There was also some reinsurance from
the action of the committee on soldiers
| reestablishment at Ottawa in reporting
! against the payment Of the enormous
| demand of sections of the veterans for
hundreds of millions of dollars in fur-
Their gratuities. The recommendations
made involve $4,000, 900 or so In
| well considered plan of balancing claims,
but this is not a matter of embarrass-
ment Veterans are strafing the capl-
| tai by telegram, but it is not probable
| that the original demands will be IA
vored by any responsible party An or
| der for another 100000 barrels of -four
distributed last week among Canadian
millers for export to Britain VIII keep
the -four mills busy for some weeks and
is another evidence of the old lands de-
pendence on this wheat growing country.
Wholesale business continues good, and
complaints are made OF a scarcity of
goods to fill orders. This applies espe-
cially to materials for clothing. Bank
clearings are showing an increase in,
nearly every city.
Specialties were prominent on the
Toronto Exchange, where the stocks
showing increases and decreases for the
week were about equally divided Lyall.
the Montreal concern which had such a
boom a month ago. sought new levels at
the end of the week on further gossip as
to the merits of its new motor. gain
OF 32 - points was recorded on the To-
ronto ExAlange, where 1t sold at 1913 on
Saturday. This might be offset by the
loss Of "a points by National Steel Car
preferred, following the disappointing
revelations of the financial statement in
connection with the proposed reorgani-
cation.
Detroit United returned to activity
and favor with a gain of 3l2 points |
This appears to be about the only trac-
ton with any popularity left on the
Toronto Exchange. Maple Leaf, Rus |
sell. Steel of Canada, Dominion Steel |
Canadian General Electric, and B. c. |
Fishing all showed lower prices during |
the week. The paper stocks have lost |
some of their magic, Brompton being |
the only strong point in the group, with |
an advance of about points and lot |
Of strength at the end of the week.
In the mining market there has been !
some recovery for both gold and silver |
stocks. There is still a lack of men In |
the gold camps under competition from |
the woods industries. An astonishing |
feature, however, is that the silver
stocks have not responded to the rise
in the price of silver. One explanation |
offered is that the promoters of ques-
tionable stocks in the United States who
may be under some restraint from Blue
Sky laws at home have been flooding the
mails of Canada with alluring literature
and thus drawing attention of Canadian |
investors from real mines at home to, in
many cases, doubtful propositions
abroad.
The following is a summary of the |
weeks trading on the Toronto Stock |
Exchange: