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MAKING SAFE INVESTMENTS ‘SEASONED TRUST AND WELL MANAGED LOAN COMPANY SHARES GOOD. :But Avoid the New Ones and Those Not Well Managedâ€"Hydro-Electriu Has Put Public Utility Shares Sadly Out of Favorâ€"Navigation Shares Depend Large- ly on Good Fortune, 3 Thing Investors do Not Count onâ€"What to do When Seeking Advice. The article: contributed by "Investor" due for the 50‘) purpose of guiding pros ‘pectivo investors. and. if possible. of saw ing them from losing money through placing- it in "wild-cat" enterprises. The impartial and reliable character of the information may be relied upon. The writer of them articles and the publisher -of this paper have-no interests to serve in connection with this matter other than 'those of the reader. (By “Inv(~s‘.or") After bank stocks the. Canadian inves- tor has a long list, i0 choose from. So fur, in the country's history. the well man- aged trust companies' and loan compan- ies' shares have been entirely satisfac- torwaar more so than bank sharesâ€"and very profitable; though sometimes of rat- ther narrow market. But. the danger of making the mistake and buying shares in some of the ill-managed or new companim; is great enough to make it scarcely wise toi give the‘1 n prominent. place w 5..“ w l. _. rt,” A Public utility cmnpanies' shares were at one time prime favorites with the (lana- dian investor; but the competition of the Hydro-Electric Commission of Ontario has put these stocks out of favor. And, indeed, an investor was unfortunate who held shares in the smaller companies, such as the London Electric, in which compo- tition by the government has wiped out about. 90 per cent. of the shares’ value. Before the HydrovElectric entered Lon- don the stock of the London Electric Company sold as high as 154, in 1899. and 97 in 1904. Since then it has sold around 15, and it is doubtful if one could get much more for it. I know one widow unfortunate enough to have 25 shares. which cost her about $3,000.00. now worth ’but little more than $350. No doubt the march of progress justifies this: but we can fenl sorry for the victims~and not invest in public service shfn'es ourselves. ,,,n,_ “nun; ... tun“... Railway shares aid of these we really have but C. P. R. and its subsidiary. Minnoapolis, St. Paul & Sault Ste. Marie-« owing to their being deal-t in chiefly out.- side Canada are too spouulativevnot from point of YiQ‘V of security. but because of their fluctuating market. (1. P. R., for ex- ample. has moved down and up over 20 points each way Sim-e the fall, and “S00” about the same. so that an investor ~except one of the most hardened sort- would be quite uneasy. Of course, the yield is lowâ€"just 4 per cent. on C. P. R.â€" while the prospect of appreciation in the long run, say ten years, is high. Than- are features mat should appeal only to the wealthy investor who alone can af- ford to sacrifice something in the way of safety and income for the sake of anecnlative possibilities. Lake navigation companies are proper- ly divided into two 01:1»; ‘14. the parsncngor and parkago freight boats. and the “bulk” freighto ‘ During: the past, few years the bulk f eightom. those that carry such cargoes as grain. mm] and cm. which is dumped into the hohi lame and vans» ported in the cheapost nmsihle way. have done a, very nun-1111mm ative biminrns. There has 13001] plenty of freig‘m. but competition has been so keen that in some instances they have snarl-Ply made ox» pcnsvs. The pas; ngm' boats, nn tho, con- ‘trary have been making new records for A Real Estate Mortgage Bond Murray, Mather & Co. Toronto General Trusts Building N0 chance ofuslngthe \VRONG Dye for the Goods! one has to color. All colors from your l)rugni:.t or; Dealer. FREE Color Curd nml STORY Booklet 10.! The Johnson-Richardson (10.. Limned. hlmnrculJ‘ CLEAN and SIMPLE to Use. Secured on Central City Real Estate Lalned at over $1,400,000. Th 0 total mortgage indebtedness against this property is only 40% of the valuation. The Bonds are issued in denominations of $500 and $1,000 each and will [my the investor 634%. Write for full particulars. ‘11? Toronto earnings each year. Shares in the com- panies controlling these4 vessels are not particularly attractive to the careful in- vestor, as so much depends on good far- tune. The loss of a boat, though covered by insurance, means heavy 105:; of earn- ing power until it is replaced, and so, unless one is in very close touch with the business them shares are on the whole not a desirable investment. At times, however, investments in navigation stocks have been highly profitable, as Witness the move in Niagara Navigation. This company, however. is a brilliant excep- tion to the aver‘age. There is one class of share investment to which in most of the instances above given these criticisms do not apply. We look up some time ago the question of preference shares. and the preference shares in practically all of the classes of companies mentionedâ€"where such shares existâ€"form very desirable investments, when chosen with the same care with which one would choose a Vbondx We Will next deal With industrial stocks. While induatriala are no more, if as much, worthy of consideration than muse of the (31215qu considered in this article. then‘ have been so many cases where unwary investors have purchased them unwisely. and so many industrial companies have issued preferred shares of quite decided merit that they will be given an article to themselves. I: will be gathered from the foregoing that the writer (1er not consider com- mon shares a proper investment for those who cannot afford to take chances. One might go further and say that no one who is not in daily touch with market and general conditions should over make stock investments. except on the most ox- pert disinterested advice. And when seek- ing advice give the expert the fullest in- formation a? to what your object, is in seeking it. Too often a broker is asked if a certain stock is a “good buy." when for a speculator it is, and for a permam ent investor it is decidedly not. If you can't trust your financial adviser with in- formation about yourself certainly don’t trust him with your money. Get one you can trust. NERVOUS DISEASES IN THE SPRING Durad by Tuning the Blood and Strengthening the Nerves It is the opinion of the best meâ€" dical authorities, after long obs-er- vation‘ that nervous diseases are more common and more serious in the spring than at any other time of the year. Vital changes in the system, after long winter months, may cause much more trouble than the familiar spring weakness and weariness from which most people suffer as the result of indoor life, in poorly ventilated and often overheated buildings. Official re- cords prove that in April and May neuralgia, St. Vitus dance, epilepsy and other forms of nerve, troubles are at their worst. and that then, more than any other time, a blood- making, nerveâ€"restoring tonic is needed. The antiquated custom of taking purgatives in the spring is useless, for the system really needs strengthening, while purgatives only gallop through the bowels, leaving you weaker. Dr. Williams’ Pink Pills are the best medicine, for they actually make the new, rich, red blood that feeds the starved nerves, and thus cure» the many forms of nervous disorders. They cure also such other forms of spring troubles as headaches. poor appetite, weakness in the limbs, as well as remove unsightly pimples and eruptions. In fact they “TX-- failingly bring new health and strength to weak, tired and depress- ed men, women and children. A Valuable Antiseptic and Can Be Employed in Other Ways. One of the most powerful bleachâ€" ing agents employed in various trades is peroxide of hydrogen, also known a5 hydrogen dioxide and oxygenated water. The natural color in ostrich plumes is removed by it and it will also bleach a. great number of other things, such as bones, ivory‘ silver, wood. silk, cot~ ton, and hair. It can be. used to restore the color to old oil paintâ€" ings which have become darkened by age. Peroxide is a valuable antiseptic and will also destroy ohâ€" jectionable microâ€"organisms in W'- ter. It can even be used to cure indigestion, but for this purpose, as well as other medicinal uses, it must be diluted. A drop of pure peroxide is strong enough to raise a white blister on the skin. Sold by all medicine dealers or by mail at 50 cents a box or six boxes for $2.50 from The Dr. Wil- liams’ Medicine C0., Brockvill-e, Ont Minute quantities of peroxide of hydrogen are found in the aim in rainwater, and in snow, and it is sometimes found in the. juices of certain plants. The liquid is pro- duced on a large scale by the ac- tion of acids on peroxide of sodium. The Solution may be concentrated by allowing the water to freeze out, by passing dry air through it, or by evaporation in a, vacuum over sulâ€" phuric acid. A loft); selficsteem seldom looks xalted to others. Getting oven is an expensive lux ury. PEROXIDE’S MANY USES. The Movement Against Viceâ€"Visit of the Duke of Connaughtâ€"Gambling on Horse Racing, Em, Etc. UURWEEKLYIURUNIMEITER INTERESTING GOSSIP FROM CAPITAL OF ONTARHJ. (We have arranged for a weekly letter about Toronto affairs, which. we believe. will be of great interest to many of our readers. These letters will be from the pen of one of Canada‘s foremost journa- lists. a man who has covered some of the world’s greatest, happenings and now 00- cupies a leading position on one of the Toronto dailies.) The convening here of what is termed :1 World‘s Purity Conference calls at- tention to a striking development of the last two or three years. There are now organized bodies for the suppression of the White Slave traffic. for the education of the young in questions of sex. for the suppression of the Social Evil, and vari- ous allied matters. Anyone who has handled copy in a newspaper office will recall that up to two or three. years ago H. AL ,. "mun new“... uuuu on, uv a reference to these. matters in the news of the day was exceedingly rare. Now they are of daily occurrence. The change indicates that a new movement of great proportions against an old form of vice has been inaugurated. One of the speakers at the recent con- vention complained that he had been de- ceived as to “Toronto the Good.” He said that on the strength of a written statement emanating from the Morality Department he had cited Toronto all over America as an illustration of a city which did not tolerate the social evil. Now he found that statement was untrue. ,i....,1 lUuuu Ullah buaucmruv hug u..w--v. Another American speaker took a round out of the press. The tone of the new;- papers. he said, was at its lowest ebb. In this he was quickly corrected by a T0 ronto clergyman, who said that whatever might be the case in the United States. the criticism did no": apply in Toronto. One reason why the convention was not bigger and why it did not create a bigger stir is to be found in the fact that while the vas’; majority of Torontonians sym‘ the criticism did no": apply in Toronto. One reason why the convention was not bigger and why it did not create a bigger stir is to be found in the fact that while the vas’; majority of Torontonians sym‘ pathize warmly with the ends aimed at. very few of them care to discuss the questions in public. and some even quen- tion the desirability of brass hand me- thods in a campaign of this character. Smitty is making elaborate prepara- tions for the Recond visit of the Duke of Connaught to Toronto, which is scheduled to take place during the Woodbine race meeting: in the lapt. week of May. 1135 Royal Highness; l‘? an enthusiastic pairon of horse racing. and his attendance at the function this year is expected to make tho event; the most brilliant in :he history of the Jockey Club. The entertainmnntu \‘IlllPh will accompany his visit are likely in be of a lens public nature than on his first sojourn in Toronto his“, autumn. They will take the form of luncheons, dinners all)“:3 small parties, in private houses and c n s. While sociow will rejoice at the DX‘PS- ence of his Royal Highuccs thzire will, in other quark-rig, be criticism of hie lending lii': support to home racing, wi‘h the inro‘ ileum-0d gambling plement that is. 2mm- viuted with it. And it is just possible that before tlm visit i9 concluded this criiicirzm may find open expression in formal language from more than one quarter. Apart from His E'xcolloncy‘s: reaponsi- bility in the matter. it is interesting to note what a hold horse racing n-oyv hlas ‘ ablished on this Province. With the chartering of two new racing associations this year, Ontario alone ix likely to have no less than 112 days of racing, as fol- lows Woodbine. Toronto . 14 days Duflerin Park, Toronto i . 14 days Hamilton . . 14 days Windsor .. 14 d‘aya Fort Erie . 14 days Ottawa .. ....14 days Thm‘ncliffo. Toronio 14 days London 14 days The last two named, being newly organ- ized. may not be in shape to hold meets mm year, but the other fixtures are cer- tainties, each track holding two weeks of seven days each, one in the first, half of the season, the “other in the second. No two tracks. with the exception of Duf- ferin, a half miler, which is a sort, of a poor relation to the others, will be open at the same time. R0 that the horses and thin whole paraphernalia will, at the con- clusion of one meet' simply move on to the next. In sporting circles the circuit is known as the “Merry Go Round." There are probably few cities in North America where gambling on horse rac- ing has a stronger hold than in Toronto. This: gambling is by no means confined to the few weeks each season when there is racing in Toronto, though no doubt if, is fostered by these meets. There are several thousand men in Toronto who "follow tho races" every day. the whole year round Not: only do they keep in close touch with the events on Canadian travks, but they follow the results all over the American continent. By strange con- trast with Canada there are only two or three states in the Commonwealth- which permit gambling on racing. Kentucky and Maryland being the chief of these. Even California, which used to furnish the winter cirruit. has banished the pastime m that now the enthusiast has to lay hi» wintm‘ bets on Taming in far away Mexico, It is not merely an academic intereat he takos on these far away events. He hints his: good money on them. and hun- dreds of wagers are laid in Toronto every day, even all through the winter months. Despite the vigilance of the law thn fa- oilitips are at hand for the be-tting. There is: even a direct telegraph wire connected with all the tracks for furnishing speedy results. which even boats that of the moat enterprising newsnaners. From Toronto those results are flashed to various points throughout the Province, so that two or three minute»; after a horse race is run TOPOHLO'S much heralded new General Hosnital. which is heim’ erected a: a cost of $3,500,000. is now taking shape. one of the buildings, the Pathological building, is completed, and is now in use by classes at the University. Several others are completed, as far as the exterior work is concernPd. and all the others are on the way. The group of buildings which nevupy 1119 blocks on the south side of College street are alrnady looking quite impressive. The site is 725 feet by 620 feat in sale. m say Juarez, Mexicn, Ontario knows all about it. Now that OVPV‘ half of the three and a half million dollars has been Srnnt ROTNB interesting dismverim havn been made. Althouch 1110 original mtimatn nf (mat. was $1.400.L‘00 it in wow fnund tlwi the amount now nvailablv will not, be suf- ficient. and The problem Falls-‘RS worry, Another odd 5301' is that The institution will have very littlp increased apmnwnn. datinn for the public nvpr the 0M Ivar:- pital, and it is thought that the old huild- TORONTO KEEN ON BETTING NEW HOSPITAL TAKES SHAPE- LOTS OF HORSE RACING THE DUKE IS COMING THE ing on Gerrard street east will have to be retained as an east end hospital. The new institution will have 449 beds for pub- lic patients and 98 private beds. Medical men are disposed to criticize on the ground that the new hospital will not be as modern as it ought to be. They say that the claim that it will be the finest in America. is a pretty steep claim to make for it. “ Mixed Marriages and Smaller Families Cause Worry. At a. recent Zionist meeting in Berlin complaints were made of the gradual extinction of Jews in Ger- many. It was stated that 80 per cent. of the German Jews a cenâ€" tury ago lived in villages, while to- day not more than 10 per cent. are found in the country. The tendâ€" ency of these is to be absorbed in the towns, where they devote. them- GERMAN Ful-l'particular-s regarding the Company’s business and a, copy of the. Fith Annual Report may be obtained from the Fiscal Agenit of the Company, ’ W. B. LEITGH, ”““"B%TL3.V£"‘ MONTREAL, HQ. (J Price Bros. and Company Bonds pay 6 per cent on the investment. They offer the str‘ong security of first mortgage on 6,000 square miles of pulp and timber lands~which are insured at Lloyds against fire. The earnings of the Company at present approximate twice the bond interest. The new pulp mill in course of construction will double this earning power. Purchased at their present price they pay interest at the rate of 6 per cent. The best posted investors in Canada and England have purchased these bonds. Owing to the security and increasing demand of the products of the Company; these bonds will unquestion- ably increase in value. ' ‘ Enquiries {as to the Company’s standing and the integrity and ability of its Directors (of whom the President, Managing Director and Secretaryâ€"Tre-asurer devote their time'exclusively to the Com- pany’s business) may be made of the Bank 01’ Nova. Scotia, Mont- real. BANK OF MONTREAL BUILDING R. M. WHITE At credit Profit and Loss Account taking Real Estate. Holdings at cost - - â€" - - - SECU RITIES CORPORATION LIMITED Capital Paid At credit Profit and Loss Account taking Real Estate Holdings at Mafket Value (Independent conâ€" servative valuation after allow- ing for cost of Marketing) - - The Alliance Investment Go. HOL, of 8algary, Alta. BRUCE’S GIANT ROSE FEEDING BEETâ€"Tho most valuable Fioid Room on the market: combines the rich quanties of the Sugar Beet with the long keeping. largofiize and heavy cropping qualities of the mango}. 1-4 lb. 20%. 1-2 10. 34c.. 1 [0. 55m. postpaid. BRUCE’S GIANT YELLO'IV HNTERMEDIATE "ANGELâ€"A very close second to our Giant Feeding Beets and equally easy In harvest. 1-} 1!». 20m. 1-2 11). 34's.. 1 lb. 55s.. pustpnid. BRUCE'S llA!!!)loTll INTERMEDIATE SMOOTH “'III'I‘E CARROTâ€"- The best of nil field cam-01,5. l-L lb. 680.. 1-2 lb. $1.24. 1 lb. $2.30, postpald. BRUCE‘S NE‘V CENTURY S‘VEDE TURNlPâ€"The best shipping: variety. as well as the best fur cooking: handsome shape. uniform growth, purple top. 1-4 H). 150.. 1-2 H!- Zicq l I“. 400., 4 lbs. $1.40. postp‘nld. BRUEE’S BIG FIIUR FIELD RDT SPECIALTIES John A. Bruce & Co., Ltd., From the Company‘s Annual Rnpnrt, 3lst December, 1911: 62 INTEREST AND SAFETY Divided into 5:000 Shares of $10.00 each, par value, Current: Dividend, 11% JEWS GROW FEWER. Our handsomely illustrated 112-page catalogue of â€"V0uet.’1blc. Farm and Flower Seeds. Plants. Bulbs. Poultry Supplies, Garden Implements, do, for1912. Send for it. Manager If you have money to invest write us for complete information. up At $12.50 per share. Offering of $50,000 of Stock of ‘selves exclusively to trades, the learned professions, and occupaâ€" tions which are calculated to post~ pon-e marriage until the age of 35. Another cause for the, diminution of Jews is the twoâ€"child family, when it is a fact; that the race which does “not produce families of three and four must die. Another cause is mixed marriages, which lead to the adoption of Christian- ity. Of the Jewish marriages in Hamburg alone. 61 per cent. are mixed, and the bulk of the children are not; educated in the Jewish flaith.‘ Zionism is suggested as the sole remedy whereby a national Jewish reservoir can be. built at Palestine, to keep the stream of pure Hebrew nationality flowing through the world. MONTREAL-0UEBEC-HALIFAX-OTTAWA LONDON (ENG.) YONGE AND QUEEN STREETS TORONTO HAMILTON, ONTARIO. Established Six t y-tw 0 Years. $193,977.40 $343,779.50 $626,316.36