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‘.¢“W‘=.‘,’\."cf‘erégwe‘w . 7&- ? 3‘ I .2553; .mmfiâ€" ._._.____._. -..e... _..._. 4‘ Mills sunshine THE DANCERS TOF "LONG DISTANCE SPECULATIDN" T00 OFTEN V OVERLOOKED. Recent Sudden Rise In canadlan Markets 3 Tran for the Unwary~Proflts on Long Held Speculations Eaten Up by Interest. ‘The articles contributed by "Investor‘ Ire for the sole purpose of guiding 91'05‘ pectlve investors. and. if possible. 0' #3" in: them from losing money throng placing it in “wild-eat" enterprises. The Impartial and reliable character of t e information may be relied upon. '1‘ a writer of these articles and the Dablll‘h" of this paper have no interests to serve In connection with this matter other than those of the reader. . .â€" " (By “Investor.”) Those who have watched the steady rise in the Canadian stock’markcts during the past three months have doubtless felt elated if they owned some advancmg stock or disappointed if they were Intel“ ested merely as spectators, Let these lat- ter console themselves Witll_tlle homely axiom that "Everything which. goes up must come down." This phrase is true of the stock market as of everything else. Everything which goes up Without a sure foundation and strong superstructure can- not remain above the general level for long. Last week the movements of sev- eral industrial stocks were noted. Now many of these have advanced Without' a semblance of foundation or superstruc- ture. They have been carried up in the whirlwind of general prosperity and.mnr~ ket activity. which at present is whirling throughout Canada. A ull. and they dro back to where they should be. ' But how about those who eschew the excitement of the stock market and buy the tame and steady. but eminently re- spectable, bonds? As bonds don't go up much at best they have but a little dis- taiice to fall at worst. So long as the security is behind a bond, and reasonable care and discretion, will keep an investor clear of misfortunes. Like Black Lake Asbestos. the bondholder need have no uneasiness over the future of his princi- pal or the regular payment‘of his inter- est. In this column, since its inception, stress has been laid on the advantage of investing in sound bonds over semi-specu- lative purchasing of stocks. To deal in stocks with any hope of success one must of necessity be on the spot. The folly of "long distance" speculation is obVious when one sits quietly to contemplate it, but all too many people outside of the market centres believe that by means of the market news in the daily press and occasional communication from their broker they can successfully purchase speculative stocks. Take a feverish market like that at me sent. 011 the day this is being written one could have bought Sao Paulo at ten o'clock and by noon have sold it at a ten point profit. Yet by twelve-fifteen the stock was back six points. Anyone not in close touch with the market who sent in an order this morning might have lost several points within a. few minutes of the time his order was filled. The way of the bond may be slow. ..hut_one can sleep easily and not open his daily paper with trepidition for fear of a break in his investment that will more than wipe out his year's ii come. And so it goes. The speculator in real estate hasn’t the excitement of the stock gambler, but his losses may be no less severe and far reaching. Many readers can remember the timowhcu the dull timesof 1889-1892 commenced. The owner of real. estate found things change with surprising suddennees. From having peo- {zle offering absurdly high prices for his and he found~if he wanted to sellâ€"that he had to offer it to the buyers. The bids he would get were usually below his price. and worse than all, these offers be- came lower and lower until finally he found it practically impossible to sell without severe loss. Many men who bought speculative real estate during that boom have only recently found an oppor. tnuity to get out without loss. when the twenty-five years' interest on their money is added. For it is a point too many people overlook that the longer they lioid an unproductive property the less their chance of making a real profit; for their money even in a savings bank at 3 per cent., compound interest. doubles itself about every eighteen years. The result is that a man who purchases western land now and has to wait five years for his profit. must. sell for at. least one and a half times its value to make fifteen per cent. on his money if we deduct interest at 6 per cent. on the sum involved. The man with bonds or sound invest- ment stocks on the other hand has somc~ thing which is returning him an assured income. which he can readily sell and whichâ€"far more important in some in- stancesâ€"does not take time from his or- dinary business to watch. 'I' INVESTING MONEY. Amour: the securities which are attract- ing attention these days none is regarded morehighly by the carefuliuvcstor than the six per cent. first mortgage bonds of The Spanish River Pulp d: Paper Mills. Limited. Exclusive of the value of the. concession. which gives the Company the right to cut pulp wood on an area of 6.000 square miles. the .nssets of the Company includ- ing the Pulp and Paper Mills at Espa- nola. Ontario. are estimated at six times the bond issue. During its first year of operation. the Company showed profits of $309,263.19 from wood and pulp mill operations alone. The bond interest and other charges were $106,627.54. leaving net profits of $202,635.65 for the year. It is believed that the earnings with the paper mill new in operation should be well over $400,000 for the ensuing year. As the Bonds are a,.first mortgage on all the Company's property. it is plain to see why thcy are in such demand. At the present price of 981-2 they yield 61-8 per cent. per annum. Interest is payable the .ist of July and the 1st of January. The bonds are in $500 denominations. and with the llllz'll interest yield. combined with ab- solute- ssfety of principal, make an ideal investment. The Dominion Fond ('ommuy. Limited, Toronto, will furnish oomph-te- informa- tion on request. Be A MUST BE GENUINE. Motherâ€"I think we'd better send for the doctor. Johnny complains of pains in his head. Fatherâ€"It’s nothing serious. He has had them before. Motherâ€"Yes. but never on a boil- day. Last year the output of coal in England, Scotland, and Wales was 271,794,360 tons. Dawson City, Yukon. is the most northerly town in the British Em- pirc. i s brought him from suffering to h health, after he had spent much 1i money and two years of time ex- l i - says: wages good, but I could not work, as I was quite unable to bend. I then bend until I could‘touch my 0 with my fingers, something H ' _..___a_ -c-.._,_._._. _..- _. _.._-_ ___._-_fi .â€"â€"â€". Brought on by a Severe Strainâ€"â€" How a. [lure Was Found. Mr. Joseph Stephens, Roscmouut, Ont., is one of the great host who continually sound the praises of Dr. Williams‘ Pink Pills, and he has much reason to do so as they pcrimenting with other treatments. Mr. Stephens tells his experience as follows: “In the month of Janu- ary, 1908, while working in a log- ging camp at Creston, B.C., I got my back injured. I suffered a great deal of pain and was almost helpless. I tried plasters, think- ing they would help me, but; they were of no use. I took several me- dicines, equally without benefit. Then I was advised to try electri- cal treatment and did so for a. time, but without getting any permanent relief, and it began to look as though I was going to be perman- ently crippled. Then I was advised to undergo treatment with a speci- alist at. Spokane, Wash. After ex- amining me he said I was in a very bad shape and that the trouble was likely to result in Bright’s disease. HoWever, he told me that he felt sure he could cure me. At a heavy expense'I was under his treatment for three months, but did not get the least benefit. I was almost in despair; work was plentiful and was in this condition for about two years, when my brother, who was with me all the time, came across one of Dr. Williams’ pamphlets and read of the great work Dr. Williams’ Pink Pills were doing. He urged me to try them,'but I thought it would be useless to spend more money after all the. other treatment had failed. He insisted, however, and got a dozen boxes of the Pills and I began to take them. Before I had used half a dozen boxes I felt relief, and I cmtinued taking the Pills until every ‘rer’c-lge' of the pain was gone, and I could raise my hands above my head and I had not been able to do for over two years. My cure was a great surprise to my comrades, and you may be sure I told them what brought it about. I am now as well and strong as any man in the country and I owe it all to Dr. Wil- liams’ Pink Pills.” Sold by all medicine dealers or by mail at 50 cents a box or six boxes for $2.50 from The Dr. Wilâ€" liams’ Medicine 00., Ont. Brockvillc, â€"-â€"-â€"â€"â€"â€"‘X‘ SWEET DISHES. Cream Puffsâ€"Put two ounces of butter into a. saucepan, add half a pint of water, bring to boiling point, add quickly half a pint of sifted flour, a pinch of salt and one tea.â€" spoonful of sugar; stir well with a. wooden spoon until the mixture leaves the sides of the pan ; remove from the fire, allow to cool, but not become cold; add four eggs, beating each one thoroughly. Put away in a cool place for one hour. Put the mixture into a forcing bag with a plain tube and force onto a baking tin into small rounds; brush over with beaten egg and bake in a hot oven for half an hour. When cold split- open on one side and fill them with whipped cream, sweetened and flavored to taste. Sprinkle powdered sugar over the top. «a. To make lettuccs crisp, put a pinch of powdered borax into the water in which you wash them. Lei; them soak for half an hour or so in this, then shake them from water, wipe each leaf separately after well rinsing, and you will be delighted at their crispness. Salted water softens them, but borax cleans and fi'esliens them up. â€".._â€"â€">Is.._. WOULD NOT BE WITHOUT BABY’S OWN TABLETS Once a. mother has used Baby’s Own Tablets she would not be with- out them. Tliey are the only medi~ cine for little ones guaranteed by 9. Government. analyst- to be free from those opiates and other harm~ ful drugs found in so-called “sooth- ing” mixtures. Concerning them Mrs. J. C. Wood, Underwood, Out... “I have used Baby’s Own Tablets for the last four years and would not be without them, as I have found them beneficial every time I have given them to my little ones.” The Tablets are sold by medicine dealers or by mail at ‘25 cents a box from The Dr. Williams’ Medicine Co., Brockville, Ont. INTERESTING GOSSIP FROM THE QUEEN CITY. Good Story From Ottawaâ€"Princess Pa- triciaâ€"Royal Family's Visitâ€"Honors for Sir William Mackenzie. (We have arranged for a regular Weekly Letter about Toronto and Ontario af- fairs. Thcse letters have proved of the utmost interest. to our readers. They are from the pen of one of Canada's foremost journalists, a man who has re- ported some of the world's greatest hap- penings. and now occupies a leading po- sition on one of the Ontario dailies.) Toronto is disposed to smile at the pre- tenSions of Ottawa society. Consequently it has enjoyed the story, which has been Circulating for some months. to the effect that the Duke of Connauglit was obliged to desist from his visits to the Ottawa Golf Club because the citizens of Ottawa. members of the club. were so anXious to do the right thing that they always rose to their feet every time his Royal High; ness entered a room. His Royal Highness Wish in visiting the club had been merely to Chilly himself and mix on terms of equality with the other members. But when he found this was impossible he had to abandon this particular form of recreation. But, perhaps. some Toronto peOple have been putting their foot in it, too, during the two weeks‘ visit of their Royal Eigh- ness. though not always through an ex- cess of formality. It is related that at one of the balls one of the guests was hurrying to get into the ball-room, and finding a broad buck blocking the door- WaY. tapped the owner of the said broad back on the shoulder and asked him to kindly stand aside. The fussy guest was horror-stricken to find that it was the Duke of Gonnaught he had thus ad- dressed. The orchestra made a break. too. when they played "Oh. You Beauti- ful Doll” on the approach of the Princess Patricia. Not that the Princess is not an unusually beautiful young lady, but the compliment. if intended as such, was somewhat familiarly expressed. THE PRINCESS’ BEAUTY. This question of the Princess' beauty has been a. favorite topic of discussion Since Torontoniaiis have had an oppor- tunity of looking at her face to face. On the whole it may be said she has come up to the advance notices, if one may so speak of a. Princess, though most observers. human-like. have admired her with the mental reservation that one or more of their acquaintances excelled in good looks even the Royal beauty. Hers is the typical English type of beauty, mild and sweet and lacking in animation. Her features are finely moulded and rc« gular with the exception of (the check bones. which are noticeably high. Despite her good looks, however. presz' photographers testify that the Princess is what is known in that profession as "camera-shy." In other words, she takes pains to dodge or duck her head every time she sees a. camera. At some of the outdoor functions she attended there were all sorts of “snap-shotters." But very few of them got a really good picture of her Royal Highness. who without appear- ing to be conscious of the presence of the camera-men, proved to be an adept at keeping her face out of range. ENTERED LIFE OF THE TOWN. This visit of the Royal Family has been in many respects a much quieter event to Toronto than the one last autumn. The first visit was a. State affair, and all the functions were, accordingly. formal. This time there has been much more infor- mality, with just enough of the trap- pings of State, such as the scarlet uni- formed outridcrs, which often heralded the approach of the Royal visitors. and never failed to bring throngs of specta- torsyto tickle the fancy of the multitude. effort to enter into the real social life of the town. To this end they went about freely, accepted many invitations and they themselves entertained a. great deal. Nearly every day a score or two represen- tative citizens, judges. lawyers. clergy- men. physicians, newspaper editors and captains of industry were invited to lunch- eon or dinner. as other engagements per- mitted. In this way they came in con- tact with u. great many people in a more or less intimate manner. and doubtless learned a great deal of the various opin- ions and points of view of Canadians. Torontonians, on their part. were delight- ed with the frank and unail‘ectcd man- ners of the Royal hosts and their staff. There was an entire absence of "side" and apparently a genuine pleasure in making new acquaintances. HONORS FOR SIR. WILLIAM. Sir William Mackenzie. who placed his residence. “Benvcnuto,” overlooking the city from the heights at the north. at the disposal of his Royal Highness, prom- ises to be shortly one of the richest men in the world, if his many railway and other schemes develop as expected. It is rumored. too. that there are hiin Im- perial honors in store for him, that his present knighthood will soon be supplant- ed by more important titles. but to this there can, of course, be no present con- ilrination. There is a story that Sir William se- cured tlie palatial Bcnvcnuto from its former owner for a consideration of 1,000 shares of Toronto Street Railway stock. According to report. this stock cost the President of the company about $10 a -»share, so that for the equivalent of $10,- 000 he got a property that is now worth probably $150,000 or $200.000. This is but an example of the Mackenzie luckâ€"or foresight. Many people suppose that Sir William was the Duke of Connauglit's host at Bcnvcnuto during the Royal visit. This is hardly correct. The residence was simply turned over to His Royal Ilioh- ness. who brought his own servants. some twenty in number. while Sir William and his family found quarters elsewhere. GALA DAY FOR THE CHILDREN. Empire day has come to be a great event for the school children of the city. On that day they marched. many thou- sand strong. to Queen's Park. there to lay their garlands of flowers on the monu- ments of statesmen and heroes which adorn the approaches to the Parliament buildings. The ceremony is a conception of School Inspector James L. Hughes. who generally arranges that some outstand- ing notable shall be present to lend dig- nity and interest to the proceedings. This year he was particularly fortunate in the. presence of the Duke of Conccught, and the feature of the afternoon was when his Royal Highness reviewed the scene from a position at the base of the menu- ment to his mother. the late Queen Vic- toria. which unfortunately is one of the least impressive of the Queen’s Park me- moriais A MILLION FOR TORONTO. It is quite the fashion now to talk about the day when Toronto will have a million ponuiation. And the promise of an early fulfilment of the prediction has just been given color by the report prepared by a board of expert engineers. who were asked to prepare nlans for a water supply for the future Toronto. In their report they sneak confidently of a million popula- tion in the near future. and have drawn plans accordingly. But thcv are collect- ing from Toronto a fee of $25,000 for their brief work, and perhaps l‘clt aha need of a little flattery to help their bill along. However. there are some optimists who talk of two million people within thirty years. millil‘ulconisninuci Their Royal Highnesses made an earnest ' PERFECT BAKING RESULTS EWGLT’I’J COMPANYl L x M I TORONTO roman Arrowroot Custardâ€"Two cup- add salt, pour milk mixture ontc fuls of milk, two tablespoonfuls ofgeggs, return to double boiler; stii arrowroot, half a teaspoonful oficonst-antly until thickened. Cool, vanilla. extract, two egg yolks, one- flavor and serve in custard cups. fourth of a. teaspoonful of salt, one- foiirth of a. cupful of sugar. Scald There are in Ireland three mil- milk, mix arrowroot and sugar, lion acres of peat deposits. add to scalded milk and cook 10 A girl can be sentimental cvcii minutes. Beat egg yolks slightly, about the way she eats pickles. yâ€"_._. An Absolutely Safe 62 Investment 1] The First Mortgage Bonds of Price Bros. &Company 6 per cent. on the invest- ment-"secured by first mortgage on one ofAtlie finest paper mills and over four million acres of the best pulp and timber land in American-insured with Lioyds, of London, England, against fire-«odor a most attractive investment. The present net earnings of the Company are sufficient to pay thebond interest twice over. The growing demand for pulpwood is yearly increasing the value of the Company’s properties. These bonds have been purchased by the best informed financiers in both Canada and England. At their present price, they yield 6 per cent interest. Considering security, earnings, assets, and the likelihood of appreciation in value, Price Bros. 8: Company bonds constitute an exceptional investment. , Write for full description of these bonds. ROYAL SECU RITIES CORPORATION LIMITED BANK OF MONTREAL BUILDING - 'i o - YONGE ANI%R%%EII%\1 STREETS R. M. WHITE MONTREAL'DUEBEC‘HALIFAX'OTTAWA Manager , I‘Zo GUARANTEED. Larger Return Probable. Holders of the 7 per cent. Preferred Stock of The Slemnn Company, Limited, enjoy the full benefits of straight partner- 'shlp, because, in addition to the regular 1 per cent. dividend on the stock, they share equally with the Common Stock In all profits in excess of the preferred dividend. The Company has been in successful operation for close to a quarter of a century, and with its present capacity cannot now fill more than 60 per cent. of its orders. In addition, the Com- pany holds'a- large number of exceedingly valuable timber limits. Subject to prior sale, we offer $50,000 a! the 7 per cent. Pre- ferred Stock of the Company at $100 a share. Dividends are paid June Ist and December ist. We would be pleased to send you circular giving full par- ticulars regarding the Company, or, if you would prefer, would have one of our representatives can on you. - NAllllllll SflillRlllES EURPDRMIUN,‘ ill], CONFEDERATION LIFE BUILDING, TORONTO, ON'I‘ Perfection Toaster Anyone, even a little girl, can make toast on the JC-‘L'rifa' '1': :‘i ." ‘95" .‘ 1' ‘~v‘f-VP( -. ‘. .«wlen. She will not burn the toast, and she will not burn her fingers either, if she uses the New Perfection Toaster. For toast or roast there is no other stove that is as . quick and as handy as the New For bail or broil Perfection Oil Cfook-isltovcâ€"ihe convenient stove or a purposes, For or bake all the year round. Every dealer has it. Handsomer finished in nickel, with cabinet top, drop shelves, towel racks. etc. Long chimneys, enameled tut- quoise-blue. Made with l, 2 and 3 burners. Free Cook-Book with every stove. Cook-Book alw given to anyone sending 5 cents to cover mailing cost. THE, IMPERIAL OIL COMPANY, Limited Winnipeg, Montreal, St. John, Halifax and Queen City Division, Toronto . u. flag. a . ~ i“g§W‘-r~v vim-x2": gr, )2 , I'd‘