Dominion Glass Company, Canada

Dominion Glass Report.

The first complete annual statement of the Dominion Glass Co., of Canada, ever given to the public, was issued recently. The stock of the organization is now active on the unlisted market and soon, it is said, will be placed on the regular exchange. The report was for the year ending Sept. 30, 1918. The earnings were the best since 1914, being equal to 16.5 per cent on the preferred and 5 per cent on the common stock, compared with 12.1 on the preferred and 3.1 on the common in 1917. The working capital at the time the report was issued totaled $1,338,883, compared with $1,135,455 at the close of the previous fiscal year. The company operates plants in Montreal and Wallaceburg, and one in the west, while it controls the Canadian patents for the Owens machine.

Many, the report stated, believed that the temperance move n Canada would affect the company's business, but such a condition has not materialized. The business of the past two years shows increases. It is stated that the opposite has taken place owing to large wastage, especially in bottles, which could not be safely returned from prohibition provinces. The dividend on the common stock was fixed at 4 per cent, while the preferred is a 7 per cent issue. The directors are Sir Charles B. Gordon, B. E., T. B. Macaulay, William McMasters, Abner Kingman, D. A. Gordon, Hon. Lionel Guest, F. A. Ross, and Lieut. Col. Sir William Weisman, Bt. C. B.