DIRECT rRIVATE WtRBt TO
Now York, Chicago an J
Washington
CCRRESPON DES TSO*
A. A. Houaman & Co.
Canadian
Investments
Present rates of exch?nt?
poke certain Cansdian Meuri
ties partieulsrfy attractive to
United Sutes Investors W#
,penalize on CaimSon 1 >or*
err.ment and M u n i e i p s
ponds. Write for quotations.
! CH.BurtesseCft
ftwfi mn twwtfftL Bow
14 him rr.t. TOHONTO.
| leaves a gap between estimated reve
: l.Uf and expenditure that bespeaks ??
1 tensive financing by the Dominion thin
t >ear. Canada's estimated revenue for
1921 and 1922 is 1435,20),000. and her reve
nue available is placed at 2372,600.000,
leaving 2e2.780.U00 to be raised, in 1920
and 1921 there was an addition to the
national debt of 2101.000,000. bringing the
total debt to 22.250,236,700, or more than
T2CT per capita of our population.
A much more active stock market
situation lias developed in Canada, al
though it is marked by an attitude of
cautiousness not noted for considerable
time. Temporarily, most depressing de
velopments have taken place or have
been discounted in advance. Many
largo investors are reported to be ac
tively in the market for good securities.
The sharp rise in the National Breweries
shares, listed here to 57 4, following
the tax cut was a noteworthy develop
ment and aiti-d the balance of the
lis: to belter levels and cheered senti
ment.
