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-. ,wx“v*, earnings each year. Shares i the com- panies controlling these vesscs are not particularly attractive to the careful in- vestor. as so much depends on good for- tune. The loss of a boat. though covered by insurance, means heavy loss of carn- ing power until it is replaced. and so. unless one is in very close touch with the business these 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 average. There is one class of share investment to which in most- of the instances above given these criticisms do not apply. We took up some time ago the question of 9 PICA Real Estate Mortgage Bond Secured on Central City Real Estate valued at over $1,496,000. Th 0 total mortgage existâ€"form very desirable investments, when chosen with the same care with which one would choose a bond. We will next deal with industrial stocks. While industrials are no more. if as much. worthy of consideration than mose of the classes considered in this article. there have been so many cases where unwary investors have purchased them unwiscly. and so many industrial companies have issued preferred shares of quite decided merit that they will be given an article to themselves. t will be gathered from the foregoing valuation. i The Bonds are issued in denominations of $600 and $1,000 each and will [my the investor 6%%. Write for full particulars. MUfray, Mdth6r&co. that the writer does not consider com- 0 « mon shares a proper investment for those Toronto General Trusts Building who cannot afford to take chances. One 0 might go further and say that no one who is not in daily touch with market and general conditions should ever make stock investments. except on the most are pert disinterested advice. And when seek- ing advice give the expert the fullest. in- formation as 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 perman- ent investor it is decidedly not. can't trust your financial adviser with in- formation about yourself certainly don't trust him with your money. Get one you can trust. is Toronto 0 shunnmwm SEASONED TRUST AND WELL MANAGED LOAN COMPANY SHARES GOOD. :But Avoid the New Ones and Those Not Well Managed-Hydro-Electric .Has Put Public Utlllty Shares Sadly Out of Favorâ€"Navigation Shares Depend Large- ly on Good Fortune, 3 Thing Investors do Not Count onâ€"What 'to do When Soaking Advice. NERVOUS DISEASES IN THE SPRING t [lured by Tuning the 31000 anti Strengthening the Nerves It is the opinion of the best me.â€" dical authorities, after long obser- vation, thatmervous diseases are more common and more serious in the. spring than at any other time The articles contributed by "Investor" are for the sol) purpose of guiding..pros- pectivc investors. and. if possible, of sev- ing them from losing money through' placing it in “wild-cat" enterprises. The impartial and reliable character of the information may be re l1" lied upon. T . writer of thCuO articles and the publisher of this paper have no interests to serve in connection with this matter other than _ I I those of the readeh of the veai‘.. Vital changes in the {recurs} if}! “10 .111“ “Tail; of ll”: , 1 ‘ v y . ,‘ _ toya ig mess IS an en usias ic patroi â€"â€" SEStem’ aftel long “Intel” months! of horse racing. and his attendance at v 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 rc- 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, (By “lave-star") After bank stocks the Canadian inver- ter has a. long list to choose from. So far, in the country's history. the well man. _ aged trust companies' and loan compan- ‘ ies‘ shares .have been entirely satisfac- tory-far more so than bank sharesâ€"and very profitable; though sometimes of ra- ther narrow market. But. the danger of making the mistake and buying shares '21] some of the ill-managed or new companies is great enough to make it scarcely Wise place. Hydi'wElectrie has put these stocks out of favor. And, indeed. an investor was unfortunate who held shares in the smaller. companies, such in which compe- needed. The antiquated custom of taking purgatives in the spring is useless, as the London Electric, . tition by the government has Wipcd out for the System really needs about 90 per cent. of the shares' value. _ h . 'h.1 . v Before the Hydro-Electric entered Lon- stiengt ening, \V 18 purgatiics 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 unâ€" failingly bring new health and strength to weak, tired and depressâ€" ed men, women and children. 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 feel sorry for the victimsâ€"and not invest. in public service shares ourselves. Railway sharesâ€"and of these we really have but C. P. R. and its subsidiary, Minneapolis. St. Paul & Sault Ste. Marieâ€"- owing to their being dealt in chiefly out- side Canada are too speculativewnot from point of view of security. but because of their fluctuating market. 0. P. R... for ex- ample. has moved down and up over 20 points each. way since the fall. and “800" about the same. so that an investor â€"-exccpt one of the most hardened sortâ€" would be quite uneasy. Of course. the yield is lowâ€"dust 4 per cent. on C. P. R.â€" while the prospect of appreciation in the long run. say ten years. is high. These are features that should appeal only to the wealthy investor who alone can af- ford to sacrifice'somcthing in the way of safety and income for the sake of speculative possibilities. Lake navigation companies are proper- ly divided into two classes. the passenger and package freight boats. and the "bulk" freighters. During the past few years the bulk freightcrs. those that carry such cargoes as grain. coal and ore. which is dumped into the hold loose, and trans- ported in the cheapest possible way. have done a very unri-munerutivo business. There has been plenty of freight. but competition has been so keen that in some instances they have scarcely made ex- penses. The passenger boats. on the. con- trary have. been making new records for M m...me by mail at 50 cents a box or six from The Dr. Wil- boxes for $2.50 . Co., Brockvdlc, liams’ Medicine Ont. r PEROXIDE’S MANY USES. A Valuable Antiseptic and Can Be Employed in Other Ways. One. of the most powerful bleach- ing agents employed, in various trades is peroxide of hydrogen, also known as 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 paint- ings which have become darkened by, age. Peroxide is a valuable adtiseptic and will also destroy ob- jectionable microâ€"organisms in wa- ter. It can even be used to cure indigestion, but for this purpose, ’asavell as other medicinal uses, it must be diluted. A drop of pure peroxide is strong enough to raise a. white blister on the skin. Minute quantities of peroxide of hydrogen are found in the air, 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 acâ€" 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 sul- phuric acid. "b ' THlS ‘38 HOME'O‘IE a? ANYONE , can use l , l . Timon. f i met . sun» | ' ".7er ,. i I X _ NO chance ofmhig the \VRONG bye (0:- the Good: one Inn to color. ‘ Allcolors from your Druguht or; Dealer. - FREE Color Card and STORY Booklcl'l-‘lu l loftv selflcsteem '. The )ohmon-Rlchcnuon 00.. United. Montrqu ‘ ‘ seldom lopkq exalted to. others. INTERESTING The Movement Against Niceâ€"Visit of the indebtedness against this preference slianCS. and the DI‘CTOI‘GHCO about Toronto affairs. which. we believe. _ shares in practically all of the classes of will be of great interest to many of our property is only 40% 0f the companies mentionedâ€"where such shares readers. These letters will be from the en of one of Canada's foremost journa- w cupies a leading position on one 0 Toronto dailies.) :1. World‘s Purity tention to a striking last two or three years. ' organized bodies for the suppresswn of the White Slave traffic, suppression of the handled copy recall that up _ a reference to these matters in the news they are of daily occurrence. The change indicates that a. new movement of great proportions against an 0 has been 'inaugurated. vention complained. that he had been de- If ceivcd as to _ you said that on the strength of a written did not tolerate the social " found that statement, out of the press. papers. routo clergyman, who said that whatever might be the the criticism bigger and why it did not create a bigger stir is to be found the vast majority of pathize warmly with very few of them questions in public. tion the desirability thods in a campaign of this tions for the ' . Continnght to Toronto. Wlll('ll is scheduled to take place during the Woodbine race the function this year is expected to make the event. the most brilliant in the history of the Jockey Club. which will accompmiyhis visit are likely to be of a. less public nature than first sojourn in Toronto last autumn. will take the form of luncheons. -and small parties. in private houses clubs. ence of his Royal Highness there will. in other quarters, his support to horse. to give these a prominent. Publw “WW comvfllues' Shares were a” , _ V. d ciated with it. And it is just possible one tune prime favti‘rites With the (éanla- mote than any other time, a. bloc - that before the Visit is concluded this man invcsmr; but t e compem'l‘ion 0 tie‘ m'lklll ' nerve-restorin ' tonic is criticism may find open expression in commlss‘on 0‘ onmno L g, g formal language from more than one Sold by all medicine dealers 01‘ \31’ the. same time. so that the horses year round. . ‘closr- touch With the events on Canadian . ONE DYEFORAU. KINDSWM v -â€"â€"“‘-Tâ€"- -'-~*-‘ "xv i ‘ Getting even is an expensive lux-, CLEAN and SIMPLE to Use. ury. ' ______________;____________._____â€"â€"-â€"â€"â€"â€"-â€"â€"-â€"â€"â€"â€"-â€"â€"-â€"-â€" wflfl URW‘E’EKll’l RllllllllillER ) cos'sw FROM THE CAPITAL OF ONTARIO. Duke of Connaughtâ€"Gambllng on Horse Racing, Etc., Etc. (We have arranged for a. weekly letter has covered some of the happenings and now 00- f the sts. a. man who orld's greatest __.._. The convening here of what' is termed Conference calls at- developmeut of the There are now for the education 1‘ the young in questions of sex. for the Social Evil, and van- allied matters. Anyone who has in a newspaper office Wlll to two or three years ago us f the. day was exceedingly rare. Now ld form of vice One of the speakers at the recent con- “Toronto the Good." lIc statement emanating from the Morality - . ..'. I , . , . Department he had cited Toronto all eyei‘ Mlke‘l Mallldges and smaller lead to the adoption of Christian- America as an illustration of a city whim Families Cause Worry. ity. Of the Jewish marriages in evil. Now he was untrue. Another American speaker took a. round The tone of the news- he said. was at its lowest ebb.'1T‘[n 0- his he was quickly corrected by a. case in the United States. did no”; apply i_n- Toronto. One reason why the convention was not in the fact that while Torontonians sym- the ends aimed at. care to discuss the and some even ques- of brass hand me- character. THE DUKE IS COMING. Sociefiy is making elaborate prepara- sccond visit of the Duke of His The entertainments on his They dinners and While society will rejoice at the pres- be criticism of his lending racing, wrih the. pro- is asso- iionuced gambling element that quarter. LOTS OF HORSE RACING. Apart from His Excellency‘s responsi- bility in the matter. it is interesting to note what a hold horse racing now has established on this Province. With the chartering of two new racing associations this year, Ontario alone is likely to have no less than 112 days of racing, as fol- lows: Woodbine, Toronto . 14 days Dufferin Park, Toronto 14 days Hamilton . . . . . . .. .. 14 days Windsor .. 14 days Fort Erie 14 days Ottawa .. .....14 days Thorncliffe. Toronto 14 days London . .. . 14 days The last two named. being newly organ- ized. may not be in shape to hold meets this 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 milcr. which is a sort of a poor relation to the others. will be opeg an the wholc’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." TORONTO KEEN ON BETTING. 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 though no doubt it by these meets. There are Toronto who the whole is racing in Toronto. is fostered several thousand men in “follow the races" every day. Not only do they keep in tracks. but they follow the results all over the American continent. By strange con- trast \Vl’Ill 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 circuit. has banished the pastime. so that now the enthusiast has to lay his winter bets on racing in far away Mexico. It is not merely an academic interest he takes on these. far away events. He bets his good money on them. and hun- dreds of wagers are laid in Toronto every day. even all through the winter months. Desnite the vigilance of the law the fa- cilities are at hand for the betting. There is even a direct telegraph wire connected with all the. tracks for furnishing speedy results. which even beats that of the most enterprising newmaners. From Torontp those results°are flashed to various points .throughout the Province. so that two or three. minutes after a horse race is run [in say Juarez, Mexico. Ontario knows all about it. NEW HOSPITAL TAKES SHAPE. Toronto's much heralded new General Hospital. which is bein:y erected at 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 concerned. and all the others are on thecway. The group of buildings which occupy the blocks on the south side of College street are already looking quite impressive. The site is 725 feet by 620 feet in size. Now that over half of the three and a half million dollars has been spent some interesting discoveries have been made. Although the original estimate of cost was 31.400.000 it is row found that the , amount now available will not be suf- ' ficient. and The problem causes worry. Another odd fact is that the institution will have very little increased acnnmmo. dation for the onblic over the aid )‘nq. pita]. and it is thought that the old build- ing on.Gerrard street cast will have to be retained as an east end hospital. new institution will have 449 beds for pub- lic patients and 98 private beds. Medical men are ground that the new hospital will not be as modern as it ought to be. that the.clairn that it will be the finest in America is a pretty steep claim to make for it. GERMi At. a. recent Zionist meeting in Berlin complaints were made of the! gradual extinction of Jews in Ger- many. cent. of the German Jam :1. cenâ€" tury ago lived in villages, while to- remedy whereby day not more than 10 per cent. are reservoir can be. found in the country. ency of these is to be absorbed inlnationality flowing through the the towns, where they devote. themâ€" I world. ‘ 0]] Price Bros. and Company Bonds pay 6 per cent on the investment. They i 3 offer. the strong security of first ‘ timber landsâ€"which are insured at Lloyds against fire. -_ Company at present approximate twice the bond interest. - course of construction will double this earning power. Purchased at their present 1 price they pay interest at the rate of 6 per cent. . Canada and England have purchased these bonds. : increasmg demand of the products of the Company, ; ably increase in value. EsovAL 3 BANK OF MONTREAL BUILDING - . . 12H /////// lllll COM we“ T //////: /,”//.///.//././// mans) . “k \u.».‘. .. 'v' .L_ selves exclusively to trades, the learned professions. and occupa- tions which are calculated to post- pone marriage until the age of 35. The disposed to criticize on the The so. . . . y y Another cause for the diminution of Jews is the two-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 R*â€"â€"â€" N .JEWS GROW FEWER. Hamburg alone. 61 per cent. are mixed, and the bulk of the children ’ Iare not educated in the Jewish ‘ flaith. Zionism is suggested as the solo a national Jewish built at Palestine, The ' tend- I to keep the stream of pure Hebrew It was stated that 80 per oz 0 A The earnings of the ' The new pulp mill in I The st posted investors in ~, meg to the security and ; these bonds will unquestion- 7 If you have money to invest write us for complete information. SECURlTlES , CORPORATION LIMITED '3 YONGE AND QUEEN STREETS TORONTO ‘ MONTREAL-0UEBEc-HALIFAX-OTTAWA 1 LONDON (ENo.)_ BRUBE’S an Ennn’ nun Rll'l' erriunES BRUCE’S GIANT ROSE FEEDING DEBTâ€"The most valuable Field Root on the market: combines the rich qualities of the Sugar Beet with the long keeping. large size and heavy cropping qualities of the munch 1-4 lb. 20c.. 1-2 H). 34m. 1 lb. 55c" posmpnia. BRIICI-J'S MAM)IOTI[_ INTERMEDIATE SMOOTH “'III'I‘E CARROT-â€" The best of all field carrots. 1-} lb. 08c" 1-2 lb. 81.24. 1 lb. $2.30, postpalil. IBRUCE'S GIANT YEI.I.0\V INTERMEDIATE “ANGELâ€"A very close second to our Giant. Feeding Beets and equally easy to harvest. 1-! lb. 200.. 1-2 lb. 3-lc.. 1 lb. 556.. postpuld. BIHICE'S NEW} CEXTIIIIY ‘ S‘l'IEDE TURNIPâ€"The best shipping variety. as well as the best. for cooking: handsome. shape. uniform growth. purple top. 1-; lb. 150., 1-2 lb. 24m. 1 lb. 40c... 4 lbs. $1.40. postpaild. Our handsomely illustrated IKE-page catalo no of Vegetable, Farm and Flower Seeds, Plants, *lulbs, Poultry Supplies, Garden Implements, ctc., for1912. Send for it. John A. Bruce & Co., Ltd HAMILTON ONTARIO- " Established S i x t y-tw 0 Years. 00. .0 000,00 0 The Alliance investment Go. Ltd, of Galgary, Ata. . . (. DiVidcd into 5,000 Shares of $10.00 each, par value, At $12.50 per share. 3lst December, 1911: . $343,779.50 From the Company's Annual Report, Capital Paid-up. - - - - - - . At‘Icr'edit Profit and Loss Account taking Real Estate Holdings at cost - - :- $198,977.40 I n n At credit Profit and Loss Account taking Real Estate Holdings at . Market Value (Independent con- servative valuation after allow- ing for cost of Marketing) - - - .. . .. W Current. Dividend, 11% . Enquiries as to the Company’s standing and the integrity and ability of its Directors (of whom the President, Managing Director and ’Seeretary-Treasurer devote. their time exclusively to the Com- panly s busmcss) may be made of the Bank of Nova Scotia, Mont- rea . Full particulars regarding the Companv’s business and a. co . t . _..~- y of the. Fifth Annual Report may be obtained from the Fiscal Ageldt of“ the Company, W. B. LEITGH, “"“slltgzllfiw‘ MONTREAL, HQ. $626,310.36 ..,._...-._.s...v-â€" -'.._.e.. W . . .