The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-09-30
CANADIAN FINANCIAL NOTES

A NJ. Brown has been admitted as
partner in the firm OF Casseis, Browne &
Co.. stock brokers. Toronto.
Tho success OF the new Dominion loan
has direct bearing upon the question OF
dian dollar, both for domestic purchases
and in international exchange. II the new
loan is amply and generously subscribed
the Government Is provided not only with
sufficient funds for the carrying on Of It's
demo6llization and repatriation opera.
lions but also for the funding OF some of
the floating credits now outstanding In the
Dominion. the result will be speedily APP
parent in the shape of an improvement in
ITEMS, published by Royal Securities Cor
poration. Montreal
Morrow & Jellett, members OF the To-
ronto stock Exchange, issue valuable
schedule showing the investment yields on
important Canadian stocks and bonds.
More than $1,000 acres of Indian reserve
berta have been turned over 10 the soldier
,SettlemenI Board by the Canadian Govern
ment TO be sold to soldiers under tho lottery
system. These acres contain some OF the
choicest farming land in Canada. Tho sol
| diers will be given twenty years to pay for
men and pays the S Indian. for the the land nd
The British Government recently expressed
SECRETARY ws of State he for the coionies that
Canada should take greater interest in the
development of the British West Indies and
adjacent British territory. In view of the
| situation in the mother country Canada ex-
poets MANY Of the big British manufacturers
| where cheap water power is available. Young
| business men with capital are also looked
tunities for investments and for starting new
enterprises are better in their country than
| in Great Britain.
Canada In the last few years has be-
come a great cheese producing country.
| This has been due largely to the cooper
| alive movement among tho farmers and
Government aid in establishing creameries.
Under these conditions dairying has been
provinces formerly devoted to the raisin g
OF wheat and has become a great source
OF farming wealth In eastern Canada and
the Maritime provinces. There are entire
regions along tho Canadian National Rail-
ways IN New Brunswick and Nova Scotia
which are one great dairy farm.
The largest hydroelectrio power plant in
the world will be constructed at Little du
Bonnet Falls on Winnipeg River. to the
Of IS, 900, 900 is involved. and 100, 900 horse
power will be developed continuously. En-
gineers have declared that the power that
| will be generated would be sufficient 10
drive the wheels of all the Industrial ma
chinery at present operated In Canada.
An intelligent study of Canadian paper
| stocks is worth while. In normal times
most Canadian manufacturers. In spite OF
bountiful tarifr protection. have pretty hard
| seddinR to compete with the larger and
richer concerns across tho line. Not 20
| the makers OF newsprint. Paper Is our
long suit and this year Canada will ex-
port at least 800 OOo, 900 worth OF pulp
and paper. chiefly to the United states
| large producers, like Laurentide. Price
Bros, Abitibi, Spanish River and others.
| can manufacture newsprint about $40 q
| ton cheaper than the average cost of max
| ing paper in the United States. In time
| TO come Canada u going to become more
| OF a factor and the United States less OF
a factor in the paper world, An immense
paper making project, backed by United
| states capital. is contemplated at Three
| Rivers, Quebec and other projects are In
the making. We have vast thiekly wooded
forests, cheap wood and cheap water
| power. These are the all essential factors
in the manufacture OF paper-Murray 70.
| williams OF OBriep Williams. Montreal
| At meeting OF tho directors OF the
Bankers Trust Company of Montreal F. e