

922 



300 



18T9707I 



922 



O/ 



/o 



300 



1819 7071 



MONTH 



1982 



Quebec 



200 



200 



200 



07,017^ 



;il in 



100 



IK'S 



100 



100 



- 





300 



200 



1922 



Ontario 



District Conditions 



As indicated by 



Building (Solid Lines) 



(Maclean Building Reports. Limited) 



Commercial Failures 

 (Dotted Lines) 



(Messrs. R. G. Dun & Co.) 



Bank Clearings Dash Line) 



THE holder of Canadian securities or pro- 

 perties will, on the whole find conditions as 

 reflected in the above charts satisfactory 

 The wholesome, though unpleasant process of 

 weeding out the weak and ill-designed enter- 

 prises as indicated by the Failures (dotted 

 lines) continues but is probably near its peak. 

 The contract-letting season is now well over 

 for the year and the Solid Black lines, repre- 

 senting the course of Building Activity, subside. 

 The Dash lines, that is. Bank Clearings need 

 not however be expected to move down with 

 the decline in the Solid line any more than they 

 rose with the rise in Building. This is of course 

 because the sums specified in the contracts for 

 building are spent gradually and their effect on 

 Bank Clearings is spread out over the months. 



The somewhat sensational rise in the Dotted 

 line in Quebec District Commercial Failures) 

 's largely due to the arrangement finally reached 

 by a large industrial company with its creditors. 

 This item alone amounts to over four millions 

 of dollars. It is to be remembered of course 

 that this sum as indeed all sums posted as 

 liabilities of Commercial Failures is Gross. 



1* the abort charts tin neragt month! y figure for 

 the last computed ytfr (I&21) has in each case 

 been taken ai too; the monthly enrages jar 

 previous years and Uu actual months fifures for 

 Ike current year are expressed as percentages 

 below or abate. 



o/ 

 /o 



300 



18197021 



I9Z2 



MONTH 

 AVEIMttS 



200 



