The sun., 1919-10-07
CANADIAN FINANCIAL NOTES

Now he is not only at the head of an ex-
tensiye commercial enterprise but also presi.
pany arc OF the Gold Pan Mining Company.
He was one of the incorporaiors OF the
Northern Crown Bank and for years acted
and he Is director Of the Bank of Montreal
Inc Northern Trust Company. the Northern
MORTGAGE Company and the Indemnity Elk
change
Sir George Foster, Canadian Minister OF
OF Commons explained the difference be-
tween tho United States and Canadian sys-
tenn; tens Of banding 1919 wheat crops, saying
than s2lb bushel for No. l Northern al
Fort william. while the United States farmer
cannot obtain more than 50 2s the maximum
affecting Canadian wheat are before the
SE Isa ID Parlament, one yitlng extended
yyisors, which, through the British Wheat
EXP COMPANY, official British agents, is
srI seins me lsis crop 20 the British Gov
paid for: The other bill constitutes can
adian Wheat Board which has the task Of
marketing the 1919 crop. This board is now
receiving wheat from growers, paving The
INITIAL price of .S2?5 guaranteed by The Gov.
e erInh Al they dispose of II at better
the farmer. '-N W
70 Official notification is given that Canada
iron Foundries, Limited is authorised IN
decrease its capital stock from $1,000 600
10 $4,000 900. such decrease being enacteI
oy cancellation OF 10000 unissued common
shares OF par value OF $40 each and in
crossing the capital stock OF the company
rom 100000 to fe.s0O'0OO such in
crease crease to consist OF 100000 new preferred
shares OF the par value Of $40 each
Montreal bank clearings FOR the mont
OF September totalled s4ss. s95,sli, an in
crease OF SllO,92O, 493 OF 2s 10 per cent.
over september, 1918.
The Canadian National Railways have
received the first OF one hundred new
steel passenger cars ordered by the rail.
way, and II is expected the complete order
Will be in by the end OF January next.
Supplementary letters patent have been
issued authorizing the national Electric
Products, lAd;. to increase its capital stock
i;USe,oOS by the issue of 10000 shares OF
The net pronts Of the Lake of tho Woods
Milling Company, Ltt.. for the year to
August 81. as disclosed in the annual
statement Just submitted TO Shareholders,
2sS or lis per cent from hgures for same
period last year
=, II has been suspected for a considerable
time that good proportion of the specu
l9tve business upon the New York Stock FT
change has been coming from Canada thus
im IN eat me faith Of our Canadian cousins
change houses report that the business helms
done through their Canadian connections /,
greater than ever before and is growing daily
For example, II was learned at the offict
Messrs. Sutro Bros. & Co. that the bushes,
originating in their Montreal office, both I'M
showing a large increase. This firm report,
that their Canadian Office does not seek Of
accept individual accounts. but acts only FOL
brokers In Canada This Is a peculiar de
'elopment Of the security business and leave,
Ycai brokers In the happy assurance that tlei
clientele Will not be interfered with by tn,
merely act rs additional facilities 10 the al
ready established houses. 1t was further
learned that q large business Is being don,
| over the counter In securities OF Canadian
companies by this firm. Prior to the wal
large Investments had been made in Grra
| Britain in its colonial enterprises. The colo
mics, however, are growing so prosperous d,
their industries have expanded so much Ii
| recent years that these securities formerly
| owned in England are iinding their way paci
to Canada through me ',tri.partite" trade
great deal of this business has recently beef
done by 6utro Bros. d Co. owing 20 theil
connections abroad aud with the assistance o
l their Montreal Office,