In the textile Industry th?
more than promising. After the
J* slump last fall textile companies
promptly took their losses and wrote
Sown their Inventories without ^ercy,
which resulted In their ability toaccept
wit new business offered as soon as
S4a# available. Their operations are
on a fairly satisfactory scale, varying
from between 40 and 70 per cent, of
?tloolr total capacity.
Montreal probably will assume soon
the leading position as a brewing com
munity. and. in the opinion of many,
will become as Important a factor In
,*?e industry as Milwaukee was In the
4>id days before prohibition in the nlt?^
wtate- The fact that the Minister of
"Finance in his budget for im definitely
removed the luxury tax of thirty cents
gallon against beer has done much
To accelerate the business, and this
meek the demand for the product has
exceeded all expectations In the event
oTthe tax abolition. Official, of brew
ing companies here are more than
pteaacd with the turn of events, and
? ?s understood that some large de
ve'opments In the Industry are planned
%h?y do not fear prohibition In Quebec
for "a few years at least
gadget for mat Handed Down.
By far the most Important develop
ment of last week In Canada was the
ending down of the 1W1 budget In
k^tiiwa Most business Interests have
waken a favorable view of the new trade
l.ws especially the abolition of the
much disliked business profits tax.
which has been a deterring force ever
-ince it was enacted. The manner In
tosllrh it Is proposed to raise necessary
J&enue. however. Is criticised, as It
Cassels, Browne 4 Co.
??*t4rtr? 3 wonts Mock A tenant t
III Dominion Bank BuiWinj,
Toronto.
