The Sun and the New York herald., 1920-09-21

importance and as heraldlng now era
In trading at Toronto, IA the bond
centre OF the dominion this city has
scanned 10 poaaeas financial possibilities
not reflected In tho relative position az
tho two stock exchanges when compared
with Montreal, InRamueh nA the Now
York exchange In tho scene OF heavy
trading In railway and Government
honda II has been thought that much Of
that business could be brought 10 tho
noor OF sthe Toronto exchange and pro-
v!do u broad and active market for con-
servative securities,
In any case, the purchase OF seats by
Wood, Gundy a. Co., w, a. Maokenzle
a Co. and II, A. DAILY & Co. means tha
infusion OF now and active buslness men
In tho exchange group. which should
mako for important constructive resultA
all round.
Market Committee Continues,
There Is no sign an yot Of tho dlasolu.
ton Of tho market committee. atlll In
oonWol OF tho Victory honda but that IN
bounA 20 come In course OF time. and
when that day arrives there should be
vast daily trading TO give activity and
Importance TO the exchange, AZ pres
ent, tho operations OF tho market COM
mlttee are In secret, but the fact that
$4,000, 900 IN Victory bonds were dis
tributod by tho market committee be-
tween last November and August OF this
year IN some iAdipntion OF the poSsibill-
ties In business which will open up TO
the exchange.
As autumn comes In. the continuance
Of prosperity In Canada must bear tho
risks OF seasonal chances. In n few
weeks outdoor operations In several i'm
portnnt lines OF industry will be cur
talned or ended for the year, with the
result that a proportion Of men will have
TO seek other employment That will
bring about n change In tho labor mar
ket and modify the present position, In
which tho relatively few unemployed N
the Dominion could easily find work II
they would leave the cities. AZ tho
moment, there Ia some anxiety over the
fate Of the Canadian wheat crop. II
IN estimated that the wheat CROP OF
Canada amounts TO 2s9, 900 900 bushels,
of which about 265. 900, 900 will come
from tho prairie provinces. Hesitation
49,. .Nsu,s 80, :, q 49,. ~ 'S,,"' ~
bay A'u W ~ "sNeu - ",,u' ,',' W Nalnu'
" le"nlnS 70 sonle.,,ns lINe IN onuur-
,n,n , .rst between Vhe two sues OF inc
N,r,n''e'
Ime iMmers ON tne otner hAnd, nc
corp'hs 70 auVlces received " locai phhk-
HrS are inclined 10 ho'd baek thelr
wneM even uhul enuolpaleu pe,ter
prices may ne secured next year. Con
scQuenlly .ne ueHNeries OF gram aro pc
low expectation should tnls deauloek
continue ~ WIN nave tendency 70 les-
sen business IN tne WeT ana, lndeeu'
nroushou, the Doninlons. ~ 10 not oe-
leVed thht many FARMERS VIII DO IN a
ooSuoh 10 nom osch hein Wneat Ior
my lenEh Oh ume oNIilH 70 ue poorer
crops OF, preceding years, Wnlon le.'
mem WIN httie retay capiph; Wnet et.
toct inc pelayeu seillng OF Wheal mishl
nave on ereult IN .ne DoIIlhoh VIII pe
or interest," as the banks WOulo not Iinu
so uhucn money neeoeu TOT crop moVhs
whlie the gram remained IN the h'unus
"t tho primary producers'
uooa oo... n..I,uo aI,wh,Ix
An encouraging stRtement for the
beneit OF consumers came IN he LABOR
DEPARTMENTS estimate of tho cost of n
food budget for a week for family OF
1.-Two. Tho figures for August were
Sl6.42, compared with Sl6.S4 in July
and si6.92 In June OF this year, the lat
ter being tho highest on record. Al the
ond Of tho war tho cost was l2,Rb,
which had been reached by 'steady In
crease from $7.42 In July, 1914 re-
luctlon of 81 per 100 pounds OF sugar at
the end OF the week was accompanied by
tho admission from reflners that tnrther
declines might be expected shortly.
Amid the news OF the DIG CANADIAN
companies there were slgns OF uniaVos-
able, as well as favorable conu'tohs.
Canadian Locomotive company WIN
large Works ~ hnss.o", III, 800.
ing the. serious drain from strike OF
US eLnpioS1es . ~ 49,. ,Isoei var A. n
ene ,nn oss not rro,,ta sror1 oneratIona
ynre sS7aS5a oompared' with SS4s,6S3
..a rrnv,o,,s' vaor The company's
nrosant ~ @ nosItion and outlook. however,
pse'' pne SS<orahIe with plenty Of orders
go ona workIn1 capItal OF S1.56S,-
oss sl,ghtly reduced from $i,664,676 last
go
A most encouraging statement was
presented by Mcintyre PorcupIne Mines,
ftd,, operatinR In northern Ontario.
This showed production OF S2,OSO, ,17S,
hut with ore reserves of approximately
A. 400 600 more than a year ago. Net
nroe,a were $4,000, compared with
SeSa abO. Colonial Investment &. Loan
connanv has decided to use some OF its
evtenslve lIouid assets and will pay off
half of its preferred stock, which now
totals a. 45b.O1O. This, will bring the
ratio of reserve fund up to % per cent.
Of the plld up capital. The company
pursued a policy OF loaning on mort
gage during the war, owing TO the OK
iatence OF noratoria In different prov
|lncea
Mig Bapplngs by LRurentide Co,