The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

MAKING SAFE INVESTMENTS MORTGAGES CANNOT APPRECIATE IN VALUE LIKE OTHER SECURITIES. Moreover are Extremely Dificult to Reaâ€" The articles contributed by ‘"Investor" aAre for the sole purpose of guiding prosâ€" pective imvestors, and, if possible of sayvâ€" ing them from losing money tlrough pl«cing it in "wildâ€"cat" interprises. The impartial and reliable character of the information may be relied upon. The writer of these articles and the publisher of this paper have no interests to serve in connedfien with this matter other than those oi the reader. Undoubtedly mortgages possess sevCr: @l points of advantage as mediums for investment. Farm mortgages, as a rule, possess these in a higher degree than most other real estate securities, for the reason that a well tilled and fertile farm is almort always readily saleable, alâ€" though they have their off periods. So, if one is careful not to overvalue the As we saw last week, however, there is no great confidence felt in the cetâ€" tainty of â€" interest payments being promptly met in the geperal run of farm mortgages. _ And this is an important feature for the private investor. This is, of course, speaking comparatively, for i_q many cages this feature is not conâ€" tingent, owing te the relatively small amount of the mortgage, and therefore of the interest payments. is almost always readily saleable, alâ€" though they have their off periods. So, if one is careful not to overvalue the property being mortgaged, and is also wiso enough to loan not more than 50 per cent. of guch valuation, there is mno reaâ€" «on to fear that the principal invested is not safe. f We have learued in the general talks on investment which have appeared in this colums that, other things being eqaual, a bigh return on an {nvestment imâ€" plies wealmess in seme of the other four points. In the case of farm mortgages the safety of principal is sure; but that of interest is doubtful. But this is not @lone enough to cause the high yield cf B per cent., which they usually return. There is absolutely no prospect of a mortsage appreciating in value. Its face value is fixed and the amount loaned is @lways the par value of the morigage. In case of a bond, however, or shares in & sound company there is always a chance for the invesiment to increase in value during the time the investor holds it. In this way be may increase his capital. For instance, several sound fssues of pubâ€" lic utility bonds could have been bought within the last tenâ€"ycoars at a price rround 90, which may now be sold at par, giving invortors am increaso of ten per cent. in thoir capital during that time in addition to their regular interest. In the case of n mortgage this is not posâ€" gible. So, as there must be some reward for lack of this feature there is necesâ€" garily a higber return on the amount.inâ€" vested. There is another feature, however, that most investors would consider more of a drawback, If they took the trouble to go into the matierâ€"whon investing in mortâ€" gages of any kindâ€"in an enlightened way. Most people, when investing, place their money in a security with the feolâ€" Ang that some dayâ€"perhaps before its maturity, when a boad or a mortgageâ€" they may require to realize on the mmount so invested. In the case of a mortgage, however, this can be done only with the greatest difficulty, and then only with lueck Few people are willing to buy a "second hand" mortgage except at & substantlal discount from its face value. And evon then there is often no onre look: turesâ€"Bigh Yield One. Uize On in Case Should be Necessaryâ€" Forced Sale May Cause Severe Loss of Princlpalâ€"Gf Course, Have Good Fea: ing for that rort of an investmert so its gale may require a very long to effect. Bo AtBe elersent of weak mxtkeiab{lity is an important featurse to be consiier ed in the:‘:;':\s(‘» of mortgages. In the case of ~most \méegetiable securitiesâ€"that _ is sharesâ€" and bonds that can be transferred without troubleâ€"trars is almost always a _ An opportunity for investment that may never come to you again; an established company (incorporated â€" under the Onrtario companies act), ranufacturing trade marked goods of pFoven quality has issued a limited pmoung of 8 per cent. cumulative preferred stock in ten dollar shares; ?or & thort time only they will give a 25 per cent. common stock bonus; the gcods bave shown over one hundred per cont. profit in less than one {3%;' oh\the only ground covered, and a permanent sale is established; the ditional capital is required only to cover new territory aud the cost of 'lguodueinz the goods is almost met by the sales from the start; an Amâ€" afican (\,omgany doing a similar business bas a paidâ€"up capital of one hundrad and twenty million dollars, all made on this one article; this is a fi?afle@d preposition, made by a wellâ€"known, responsible company, and . gtand investigation. sTANDISH MANUFAGCTURING co. iimiteD, A SAFE INVESTMENT 11 COLBORNE ST., TORONTO time and market for the investor to sell such of his holdings as he desires, or is forced to dispose of. The reasons for this re: quire more space than are available this week and will be treated further later. Suggestions in Report of Quebec‘s Royal Commission. A despatch from Montreal says : Striking statements concerning the spread of the "white plague"‘ in this province are contained in the report of the Royal Commission on Tuberculosis, which has just been published. The report includes the following features : ‘"‘That the death rate from tuberâ€" culosis is higher in Quebec than in Ontario or the adjacent States; that, while in other countries the death rate decreased from 40 to 50 per cent. as a result of a wellâ€"orâ€" ganized campaign, it remained staâ€" tionary in Quebec; that the death rate in the rural districts in Queâ€" bec nearly equals that of the citâ€" les."" The measures against tuberculoâ€" sis itself include an educational campaign showing people that tuâ€" berculosis is infectious and is avoidâ€" able; compulsory disinfection of dwellings; enforcement of byâ€"laws forbidding expectoration in public places; the creation of antiâ€"tuberâ€" culosis dispensaries and isolation of open cases of tuberculosis. The attention of our readers is called to an advertisement, in anâ€" other column, of the Aladdin Mantle Lamp, which burns ordinâ€" ary coal oil and gives a more brilâ€" liant light than either gas or elecâ€" tricity. It is another triumph for modern inventive genius that must be seen to be fully appreciated. Dominion Revenue Increases Nearly Eight Millions in Six Months. A despatch from Ottawg says : The financialâ€"statement of the Doâ€" minion to the 30th of Beptember shows that for the siz months of the current fiscal year the revenue amounted to $64,069,524, an increase of $7,921,331 ; the ordinary expendiâ€" ture to $35,933,456, an increase of $824,784, and the capital expendiâ€" ture bo $12,818,027, a decrease of $112,109. t Unilke our own, the Chineso week consists of only five days, which are named after iron, wood, water, feathers, and earth. A Family Supply of Unequaled Cough Remedy for 50oâ€"Money Reâ€" fuaded If It Fails. Stops a Deepâ€"Seated _ Cough in a Herty Cough medicines, as a rule, contain a large proportion of gla.ln syrupâ€"a good inâ€" gredient, but one that anyone can make. A pint of granulated sugar, with 14 pint of warm water, stirred for 2 minutes, gives you as good syrup as money can buy. _ 16â€"0z. bottle with homeâ€"made sugar Eyru%, gives you 16 ounces of realiy better coug agrup than you could buy readyâ€"mixed for $2.50. There‘s a clear saving of $2.00. Full directions in packag». _ 2 MA CCCAUIE 11 PODICE o+ And money couldn‘t buy a quicker, better remedy. Takes hold at once, gives almost instant relief, and usually stops the most obstinate, deepâ€"scated cough in 24 hours. It stimulates the appetite, is sli§ht-ly laxative and has a ploacani tasteâ€" children take it willingly. Splendid for boarseness, asthma, chest pains, and other throat troubles, and unequaled for prompt results in whooping cough. _ _ _ ue o eeeleneen e Vrodd ie s c ocb x hnd Piuex is a special and highly concenâ€" trated corfpound of imported Norway White Pine extract, and is rich in guaincol iand other natural bealing pine elements. Kimply mix it as directed with sugar syrup or strained honey, and it is ready for use. Pinex has often beea imitated , but never saccessfully, for nothing elso will produce the same results. The genuine is gusranâ€" teed to give absolute satisfaction or money nefunded.i Cexl'ltificakt,e of ygua.rz:jntee iis tra n eac C 6. _ Your druggist has %mx or wifinge?%t for you. lfgnos, sead to The Pinex Co., Terocute, Ont. Used in more bomes in the U. S: and Gt\'ggnd& than any other cough remedy. TO FIGHT WEHITE PuXGUE. FINANCIAL STATEMENT. is good syrup as money can buy. b0â€"cent gqt}s?@ of Pinex, mixed in a A NEW INVENTION. A [Mr. McEvoy will write for this paper a series of letiers from the west. They will appear from time to time unâ€" der the above heading, and will give a picture of the great Canadian west from the standpoint of a young Ontario man going out there to make his way. Thesoe letâ€" ters should be full of interest for every Ontario fatheri] My dear Dad,â€" I am pretty near ready now to turn my face home. It has been an eyceâ€"openâ€" ing trip for me, and when I get back home again I shall probably never get through telling you of the places whexl‘,@, I have been and of what I have seen.yIn letters, only the fringe of things cavfibe touched. X Vancouver is growing wonderfully. While T write this I hear every now and then!,\ the boom of a blast where workmen are olearing away stumps or rocks either getting ready for building operations or in clearing and grading streets. The smoke of burning wood is gencerally beâ€" tween us and the mountains, and the scent of it hangs heavy in the air, like that of peat. Vancouver is rapidly eatâ€" ing its way out into the country that surrounds it, and waste land and frost is disappearing before the labors of the builders. On our way to Nanaimo we passed tugs towing barges deeply laden with coal from the mines at Nanaimo. This stufl is dear in Vancouver. Though they say it costs only $2.50 a ton to raise it 10 the pit‘s mouth, it is sold for $7.50 a ton in Vancouver, and it is soft coal at that. "Hard coal is $10 a ton. Uncle John and I went over to Victoria, as I said we were going to. We went by the C. P. R. steamer, ‘The Charmer," to Nanaimo. We had a fine viewe of the harbor and the shipping. Steamers from China, Japan and Australia come in to the wharves from which we started and unload their foreign burdens there. I noticed the Empress of Japan lying at the wharf with sheet metal disks hung over her hawsers to prevent the rats com:â€" ing ashore from her, and bringing the bubonic plague with them. One of the things which I was surprised to learn comes in by boat from Australia is hardwood, as that is almost as scarce as hen‘s teeth in this province. They might import potato bugs, too, as I am told there are none here at all. We stayed over night in Nanaimo. It is as ugly a place in brick and mortar as you can very well imagine, though there are one or two pretty spots. One of these was a rugged hill, reflected in a placid pool. On the brow of the hill were growing gnarled arhutus trees, with their smooth red limbs. The bark of this tree sloughs off, and leaves the red underâ€" bark exposed to view. Altogether it made quite a picture. At night we visited a moving picture show. and found that this place is in the "thriller" age as regards moving pictures. Next morning we ran down by rail to Victoria, and we saw a good deal of bush along the way. We were at Victoria shortly after noon, and directly after dinner took the street car out to Esquiâ€" malt, about twenty minutes, or half an hour, away. Here, in a beautiful landâ€" locked basin among the rocks we found H. M. C. S. Rainbow. There is a dryâ€"dock here, and a marine railway on which great boats can be drawn out of the water for repairs to their bottoms. There were quite a number of boats lying there at the time of our visit. We took a boat and rowed about the harbor, circling the Rainbow. We were very interested to see it because it is the only Canadian manâ€"o‘â€" war, which is still in commission, the Niobe having gone ashore. Another very interesting ship that was lying in the harbor was the "Restorer." The duty of this vessel is the repair of submarine telegraph cables. We were told that it has not been out of the harbor in three years, but it is always kept there with steam up ready to leave on a moment‘s notice if anything happens to any of the cables in the Pacific. Next day we spent in and about the capitai of British Columbia. I was very much impressed by the Legislative build: ings, which are of noble proportions and are built of white stone. Their architect was a young fellow in his early twenties. They are on.the marge of James Bay, and the C. P. R. boats tie up at the edge of the water that you always see in pictures of this pile. With the new Empress Hotel in parkâ€"like settings they make a notable group of buildings. Victoria, as everybody says, has not the bustle of Vancouver, but it has a delightâ€" ful charm as a place of residence. Its busiuess streets are very fine, a couple of thcin being a hundred feet in width and flanked by modern structures. The Chiâ€" nese quarter in Victoria is on a much better scale than in Vancouver, and while passiug down the street that is lined with Chineso dwellings and stores, with Chiâ€" ness things in the windows andâ€" strange Chinose vegctables in baskets on the sideâ€" LETTERS OF A SON IN THE MAKING T0 HIS DAD. Vancouver, Oct. 13th, 1911 No. 1. â€"By REX McEVOY Next day we took the Princess Charâ€" lotte, the C. P. R. steamer, and had a picturesque trip back to Vancouver. The first part of the voyage is through an archipelago of islands, densely wooded, then we came out into the open water of the Gulf of Georgia, and mado a beeâ€" line for Vancouver. Just before we roundâ€" ed Stanley Park into the harbor we passed the fishing town of Steveson, and saw the fisher fleet setting out to work. There are groat canneries here, and we will see them some time. Toronto, : Oct. 17.â€"Flourâ€"Winter wheat, 90 perâ€"cent. patents, $3.50 to $3.53, Montâ€" real freight. Manitoba floursâ€"First patâ€" ents, 85.30; second patents, $4.80, and strong bakers‘, $4.60, on track, Toronto. Up towards the park in the rosidential section, there is a high cliff called Boaâ€" con Hill, from which a beautiful view out over the strait is to be had. There was a big bush fire in progress over on the United States side while we were there, and the sight with its pillar of smoke was exceedingly grand. Manitoba Wheatâ€"New No. 1 Northern, $1.041â€"%, Bay ports; No. 2 Northern, $1.03, and No. 3, $1.001â€"2, Bay ports. walk just at the doors, I saw quite a Chinese curiosity. This was a Chinaman with a white pigâ€"tail. I had never scon n Chinaman with white hair beforo; neither had Uncle John. PRICES OF FARM PRODUGTS Prices otf Cattle. Grain, Chces®e and Other Produco at Home and Abroad. Ontario Wheatâ€"No. 2 white, mixed, new, 86c, outside. Peasâ€"â€"Good milliug peas, 92 to side. Oatsâ€"Ontario No. 2 at 411â€"2 to 42¢, outâ€" side, and No. 3 at 40c. No. 2 Western Canada, 461%c, and No. 3, 45 1â€"2c, Bay ports. Barleyâ€"No. 2 would bring 80 to 85¢, out side. Cornâ€"No. 2 American yellow quoted at Téc, Bay. ports. Ryoâ€"Car lots, outside, 75¢ west, and 77c cast. Buckwheatâ€"No. 2 at 54 to 550.« outside. Branâ€"Manitoba bran sold at $23, in bags, Toronto freight. Shorts, $25. LEPORTS FROM THE LEADINE TRADE CENTRES OR AMELICA. Beansâ€"Small lots of handâ€"picked, $2.â€" 25 to §2.30 per bushel. Honeyâ€"Extracted, in tins, 10 to lic per lb. Combs, $2.25 to $2.50. Baled hayâ€"No. 1 at $15 to $15.50, on track, and No. 2 at $12 to §13. Baled strawâ€"§6.50 to $7, on track, To: Potatoesâ€"Car lots, in bags, at 85 to $0c. £ ronto, Poultryâ€"Wholesale prices of dressed poultry:â€"Chickens, 12 to 13¢ per lb.; ducks, 11 to 120; turkeys, 17c. Live poultry about Â¥ to 2o lower than the above. Butterâ€"Dairy prints, 21 to 22¢; do., choice, in wrappers, 24 to 25¢; inferior dairy, tub, 18 to 19¢. Creamery quoted at 26 to 286 per lb. for rolls, and 24 to 25e for solids. Baconâ€"Long, clear, 12 to 121â€"2¢ per 1b., in case lots. Pork, short cut, $22.50; do., mess, $20 to $20.50. Hams, medium to light, 17 to 171â€"2%¢; do., heavy, 15 to 15 1â€"2¢; rolls, 11 to 111â€"2¢; breakfast bacon, 17 to 186; backs, 19 1â€"2 to 20c. Montreal, Oct. 17.â€"Oatsâ€"Canadian Westâ€" ern, No. 2, 48¢, car lots, exâ€"store; extra No. 1 feed, 471â€"%0; No..3 C. W., Mc:; No. 2 local white, 461â€"%c¢; No. 3 local white, 4612¢; No. 4 local white, 45 1â€"2c¢. Flourâ€" Mamnitoba Spring wheat patents, firsts, $5.40; seconds, $4.90; Winter wheat patâ€" ents, $4.15 to $5.00; strong bakers‘, $4.70 straight rollers, $4.25 to $4.40; in bags, $1.95 to $2.05. Rolled oatsâ€"Per barrel, $5.2%5; bag of 90 lbs., $2,50, Cornâ€"Ameriâ€" can No. 3 yellow, 16112 to Tic, Millfeedâ€" Bran, Outario, $23 to $24; Manitoba, $23; middlings, Ontario, $27 to $28; shorts, Maâ€" nitoba, $25; mouillie, $26 to $32. Eggsâ€" Selected, 26¢; No. 1 stock, 2T1â€"2 to â€" 2%e. Cheeseâ€"Westerns, 1458 to 14 3â€"4c; castâ€" erns, 1438 to 141â€"%c. â€" Butterâ€"Choicest, 2%12 to 27¢; seconds, 2%6 to 26 1â€"2e. Eggsâ€"Strictly newâ€"laid quoted at 26¢ and fresh at 2%¢ per dozen, in case lots Cheesoâ€"15e per lb., and twins at 15 14c l1c Minneapolis, Oct. 17.â€"Wheatâ€"December, $1.08 7â€"8; May, $1.13; No. 1 hard, $1.097â€"8; No. 1 Northern, $1.09 to $1.093â€"8; No. 2 Northern, $1.057â€"8 to $1.073â€"8; No. 3 wheat, $1.017â€"8 to $1.037â€"8. Cornâ€"No. 3 yellow, 68c. Oatsâ€"No. 3 white, 46 to 461â€"2c. Ryeâ€" No:â€"â€"2, 92¢. Branâ€"$21.50 to $22. Flourâ€" First patents, $5.30 to $5.60; do., seconds, $4.90 to $5.20; first clears, $3.80 to $4.15; do , seconds, $2.10 to $3.10. Buffalo, Oct._ 17.â€"Bpring wheatâ€"No. 1 Northern, carloads store, $1135; winter, No. 2 red, $1.01; No. 3 red, 99¢; No. 2 white, 99c.. Cornâ€"No. 3 yellow, 76 14c, on track, through billed. Oatsâ€"Steady. Lardâ€"Tierces, 10 1â€"2¢; tubs, 10 34c; pails, UNITED STATES MARKETS BUSINESS AT MONTREAL CoOUNTRY PRODUCE BUTTER AND EGGS. H0OG PRODUCTS. BREADSTUFFES. 2 white, red and Farewell, 95¢, outâ€" JIM It has been a day of events, not only of the utmost significance to themselyes and to the people of Quebec, but to the whole of Canâ€" ada, and to the Empire itseli. This began to happen in the morning, when the Duke and his party first set foot on Canadian soil at the King‘s Wharf. The Duke and Duchâ€" ess were but Royal visitors to Canâ€" ada at this hour, and as such they were welcomed by the two leading men of the country, Sir Charles Fitzpatrick, Deputy Governorâ€"Genâ€" eral, and Hon. R. L. Borden, Prime Minister. â€" A despatch from Quebec_ says : His Royal Highness the Duke of Connaught is Governorâ€"General of Canada. In this capacity he and the Duchess wére on Friday welâ€" comed officially by representatives of the Dominion, of the Province of Quebec, and by the city of Quebec. It was a great day in the city of Quebec. Demonstration after deâ€" monstration of popular feeling folâ€" lowed each other during the whole day on every occasion when the Duke and Duchess made their sucâ€" cessive appearances in public. Arrivai of the Duke and Duchess of Conâ€" naught at Qusebec > Within an hour after they had landed they were no longer visitors. Canada is now their home, and they occupy the highest positions which man and woman can hold in the country. The ceremony of inâ€" stallation, which was performed at the Parliament Buildings in the Legislative Council c\hambers, was exceedingly simple, but was none the less fraught with great meanâ€" CANADA‘S ROYAL GOVERNOR Montreal, Oct. 17.â€"Choice steers sold at 53â€"4c, good at 51â€"2¢, fairly good at 51â€"4, fair at 5¢, common at 41â€"2 to 454c, and inferior at 354 to 41â€"2¢ per pound. Cows brought from 3 to 412c and bulls from 234 to 31â€"4c per pound. Sales of lambs at 5 to 51â€"2c, and sheep at 3 to 31â€"2¢ per pound. The trade in calves was fairly active at prices ranging from $3 to $10 each, as to size and quality. The weak feeling in the market for hogs continues, and prices have scored a further decline of 25 to 50c per hundred pounds. Toronto, Oct. 17.â€"Good feeding. steers were in demand, and brought from $4.50 to $5.10. Rough stockers were not wantâ€" ed. Butcher cows and bulls ranged from $3 to $4.85, according to quality, and feedâ€" Ing bulls fetched $3.50 to $4. Small stock was slightly off all round. Lambs were about 2%5¢ lower. Hogs were steady and perhaps 5c higher. Light hogs were not wanted. . T. Pacific Filling Places of Men Who Went Gut. A despatch from Winnipeg, says : The Grand Trunk Pacific has refusâ€" ed to recognize astrike among its machinists and boilermakers and is STRIKE NOT RECOGNIZED. A SIMPLE CEREMONY. ;?(.m,-;._. E &g 53-‘3"""'5? ty CA "" a C Egggaé% £2 ® é.fi,â€"â€".vf;’: 51 e Tz “;“17-'}% }: P §2 2 i. BJ & & w T. Bz I; !{'& & "fl’:a.s"f?'*’ m It is in use in millions of families. Its strong white light has m,' it famous. And it never fickers. § In the diningâ€"room or the parlor the Rayo gives just the light that is most effecâ€" tive. _ It is a becoming lampâ€"in itself and to you. Just the lamp, too, for bedrcom or library, where a clear, steady light is needed. . f The Rayo Lamp is the best and most serviceable lampâ€"you can for any part of your home. ____ _ _ _ en un i ce e T e e t en ce n ae m io. The Rayo is made of solid brass, nickelâ€"plated ; alr s in numerous other styles and finishes. _ Easily lighted without removing shade or chimney ; easy to clean andrewick, Ask your dealer to show you his line of Rayo lamps; or writefor descâ€"sive circular to any agency of LIVE STOCK MARKETS i1 The Qzeen (City Oil Comszay. inoited ing and impressiveness. Three oaths of not more than fifteen words each were all his Royal Highness had to subscribe to. They were adâ€" ministered by Sir Louis Davies, senior Judge of the Supreme CGourt. The oath of allegiance to his Maâ€" jesty the King, the oath that he would well and truly exercise his office as Governorâ€"General to the best of his knowledge and ability, and the oath that he would safely keep the Great Seal of Canada â€" these were all, and after ecach w read to him his Royal Highne reverently kissed a copy of the Heg Seriptures. A luncheon given at the Chateau EFrontenac by the Dominion G ernment, a dinner at Spencerwoo@s®s the residence of Sir Francois Langeâ€" 1 lier, Lieut.â€"Governor of Quebec, ard a reception in the Parliament Buildings later in the evening by Sir Francois Langelier, were tho chief of the brilliant events of the day. "‘For myself personally I have only ‘one wish, and that is to serve Canada, to make myself at home in this country, and to do all I ean to promote its best interests, and also to promote that connection to the Empire which £ think of such imâ€" portance to Canada.‘" These were the words of H. R. H. the Duke of Connaught, Governor General of Canada, on the occaâ€" sion of the first public event after his installation. â€" If was his first message to the Canadian people as their Governorâ€"General. v filling the places of those who went out as qauickly as possible. At seyâ€" eral points in the West the men did not strike. In reply to advertiseâ€" ments the company claims many apâ€" pilcations were made on Wednesâ€" day. Within six weeks the new. Grand ‘Frunk Pacific shops af Transcona will be working, when the temporary shops at Rivers, Man., will be practically abandonâ€" ed. Appeal Made to Premier to Adjust Crow‘s Nest Trouble. A despatch from Vancouver, B. C., says: C. P. Hill, general manâ€" ager of the coal mine at Hillerest, Alta., on Wednesday wired Premier Borden that he had just been through Crow‘s Nest, and says conâ€" ditions are appalling. _ He asked the Premier to arrange some sort of ae scheme by which the miners should go back to work and the trouâ€" ble adjusted later. Mr. Hill blames labor agitators from â€" Indianapolis. He says that even if the mines now resume it will be impossible to supâ€" ply the demand. MINERS ARE SUFFERING. THE DUKE THE SQOCIAL SIDE ‘S MESSAGE t 0