New Company Fur Trade, Hist. DCHP-1 (pre-1967)
a Montreal-based fur company formed in 1798 by disaffected Northwesters and absorbed by the North West Company in 1804, so called because its packs were labelled XY to keep them distinct from those of its competitor, which were marked N.W.
See also: Old Company (See 1935 quote at def. 2) X.Y. Company New North West Company