The sun., 1919-05-20
INCREASE IN BOND
BUYERS i'm DOMINION
People Educated by the War
Loans as They Have Been in
United States.
speciol DespatcA to TEE sus,


TORONTO, May 1s.--Toronto and On
tario continue to be the great bond alb
sorbing region OF Canada. Montreal
may eclipse Toronto as a stock trading
centre. for people down there arc
thought by the sedate citizens of Onta-
rio to be moro venturesome but when It
comes down to solid investment instincts
this Province leads.
For some months there has been q
gradual and greater centralizins of bond
houses here, though this is not to say
that Montreal also has not shown de-
velopment in this connection. AS to last
week. honors were in q sense divided, as
O Montreal house (the United Financial
Corporation) got the 100000 issue Of
the Province of New Brunswick. while a
Toronto firm Wood. Gundy Coz
bought the 100000 issue OF New
foundland.
1t Is taken for granted that through
the United Financiars connection with
the Guaranty Trust Company. the New
York market was kept In mind in cen-
| nection with the New Brunswick pur-
! chase. At the high price paid. enabling
| the Province to get its money at sos per
! can investors advantages through the
premium on New York funds, now only
a fraction under per cent, was an i'm
portant factor in the price paid.
| In regard to the Newfoundland issue
the 1otation OF this loan in Canada is an
implied compliment to the new wealth
OF this country. Newfoundland sold an
issue OF s5,000.000 in Canada last year
with much success. As the island colony
is now in q highly prosperous condition
lowing to high prices for fish. its one
great product, during the war-it Is not
expected that the loan will have any diff
| fculty IN finding a market.
| Apart from these ma jor issues Ontario
keeps on absorbing many small loans
and altogether takes up about co per
cent. of the provincial and municipal
loans fioated in Canada. Quebec local
issues are usually largely taken care
| OF In that province and so with New
| Brunswick and Nova Scotia municipal
issues: but Ontario largely looks after
her own and those Of the western prov
inces.
There Is fresh evidence every day OF
the developing market for bonds in On
tario. 1t is too much to say as vet that
the Ontario farmer Ia a generous buyer
OF provincial or municipal bonds, for he
got his Introduction to bonds as q rule
only when the war loans came along
but in the cities and larger towns there
Is a large clientele seeking safe invest.
ment OF this kind.
Already there Is call from farmers
In Ontario for the next Dominion loan
which is expected to come out IN N,
early fall. Bond statesmen during The
last few days have had Inquiries al
many points as to the rate of Interest
and time OF issue of the Forthcoming
Victory Loan. Little is known Of thi,
as yet, but 1t IS thought there will b,
call for a minimum OF $500 900, 900
with possibly the expectation Of $l00,
100000 more.
The Interest OF the country In the loar
30 far in advance is considered a hope
} full sign. Men who were making in
) quiries OF this kind need not be expected
} TO buy other securities as yet, but the,
are In the process OF education In regar(
to their investment. which will NEAR
much for the country in the future.