Dominion Glass Company, Montreal, Canada

RISE OF DOMINION GLASS CO.

COMMENTED ON BY BROKERS.

McCuaig & Co., of Montreal, Can., in commenting on the interest that has arisen in the Dominion Glass Co., says: For one of the newcomers on the Montreal Exchange, this company is attracting much attention. An initial dividend on the common at the rate of 4 per cent per annum was inaugurated about a year ago, but in view of the advance from 46 to 61 that has taken place since the listing in March last, there is evidently a strong conviction that the company will be able to before long to increase its dividend rate. Besides the common stock issue of $4,250,000 and $2,600,000 of preferred stock, the company has a bond issue of $1,715,800 reduced from $2,000,000. As its affairs were for many years conducted under the close corporation principle, and the public generally had little knowledge of its affairs, it might be interesting to note that the company is a combination of manufacturing plants, two at Montreal, one at Toronto, and one each at Hamilton and Wallaceburg, Ont., Beausejour, Man., and Radcliff, Alta. It is stated that the volume of business in the first part of the present year has been large and that the export demand in particular has increased largely, although the margin of profit is not quite as large as last year.