Ontario Community Newspapers

Porcupine Advance, 19 Jul 1912, 1, p. 2

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BROKERS MUST HAVE STOCK TO DELIVER If He Fails to Purchase When Or- dered He Converts Money to His Own Use Brokers who buy stock on margin for customers must keep the shock constantly in their possession in or- der that it may be delivered imme- diately upon the payment by the customer of the amount due. This is a ruling by the Appellate Term of the Superior Court. The court rc- versed a judgment in favor oi the firm of Charles A. Stonehnm Co., curb brokers, in a suit by Pierre A. Shiel to recover $410 as the value of certain curb stock purchased for him which the brokers couldn't de- liver Micn Shicl oflercd to [my the amount due. The brokers offered testimony to show that. the stool: had really been purchased for Shiel on the date named. but. that when he demanded the stock. the brokers had to wait. until it could be sent from Salt Lake THE NORTH COUNTRY " COMING INTO ITS OWN Settlers and Farmers Following the Blazed Trail of the Prospector Boost the lands and the mines in this section in which you live. You need not lie to do it. Open your eyes. book about you and tell the truth. It is up to you indiVidually to make your district and town rich and pmsperous and your people 'hap- py aiul bontcnted. The west would chcr have grown so rapidly without its boosters and intelligent 2mm. James J. Hill was a good Cana- dian and a good booster and his son, Lo‘uis H. Hill. has resigned the pre- sidency of one of the biggest rail- roads on the continent to heoome a booster for the lands and towns reasonable to exyect that. within the next ten years there will ‘be many rich farms, all contributing their share of wealth along with the mines to the people of the different towns in this district. What other countries have done under similar climatic conditions this country can do. In Northern Europe it. has been es- timated that three million people are earning their livelihood by agricul- ture in a. climate and under condiâ€" tions very similar to those prevail- ing in Northern Ontario. The Government experimental sta- tions are doing a great service for the farmers of the North Country in helping him decide what :he can grow Lord Strathcona and Hudson Bay At a recent meeting of The Hud- son Bay Co. in London, Lord S'trathcona presided, and reported many favorable conditions therefor. Fur prospects point to an average collection for the coming season, while the land market has remained firm throughout the year for agri- cultural as well as town lots. The Winnipeg market continues fairly active, and conditions at Vic- toria. North Battleford, Prince A1- bert and Fort William are improv- ing. For other townsites it is anti- cipated the demand for lots will be intermittent. An improved state of the Edmonton townsite market has resulted in the disposal of lots to the value of £902,712. The total land in the company's possession is 4,058,050 acres. Low! Stratiicona concluded with a tribute to the loyalty of the 00m- pany's officers in Gandhi. and de- sires his Tfith year’s connection with the company ogleb'rated in some fit- ting manner. Present conditions were undreamed of by the first shareâ€" hoiderS. and there is every prospwt of a better dividend this year. His the company celebrated in some fit" Mining is an investment, and in re- ting manner. Present conditions ' cent years. has'been receiving the in- were nndreamed of by the first s‘hare- telligent consideration of trained holders, and there is every pt‘nspe"t ! specialists, men who_ are thoroughly of a better dividend this year. His competent. in the btxsiness they af- I.ordship, John Cole and Richard ifect, men honest with themselves and Bexbridge were re-elected directors. with their backers and all others fic- City or Toronto. Jmetice Lehman, who wrote the opinion, said: ”A broker is merely employed to buy stock for his client, andmoneys paid to him on account of the pur- chase price are paid merely as the agent. If he fails to purchase the stock when ordered. hoping to buy the stock at a lower price and pocket the diflerence. he has concededly converted his client's money; if he does purchase the stock when onlero ed. but treats the stock as his own. parting with the stock so he cannot deliver it on demand, it seems to me that. he has also failed to obey the directions to buy the stock for the client and has also converted the client's money." Shiel contended that there was no proof that the brokers ever bought the stock at altâ€"New York Curb. nips, lettuce, rhubarb, carrots, beets, parsnips. radishes. onions, celery and encumber»~ can be raised with an en- muraging degree of success and mar- ket conditions around a mining camp are such that. there is no danger of the supply over-balancing the (le- nnml. The possibility 'of maturing early varieties of oats, barley and fall grains have been proved beyond further questtioning. By far the most important work of the demonstration station and in- dividuals has been its experiments with potatoes. .Last year an eighth of an acre yielded fifty-six bags of potatoes, and four to five hundred bushels to the acre is not unusual. through whivh the Great Northern Railway runs. It is a big job but you can all do your part. The north ready 'l‘he settler and farmer are follow- ing close onto the prospector, the speculator and the investors in mines. Within the past few weeks seVeral townships in the Porcupine and Sndbury mining divisions have been thrown open to homesteaders and the land been quickly taken up. When a new gold camp is discover- ed and begins to attract thousands ‘from the outside, with and without spractical experience. some people think that the precious metal can be picked from low hanging bushes 0t carted away in wheelbarrows. Many learn that it is not secured in this romantic fashion, and later a good many of the disappointed and ignor- ant denounce all mining as a mere speculation or gamble. Ellll] EAMPS NEH] iu the Untrained the Porcupine lining District Has No future In many parts of the world out- side of this camp mining has been viewed similarly. west has,had its day and the is coming into its own :11- [fflfllflfl MEN with whom they dul. Sud! men hue sought the truth respecting mining properties irrereCtive of whose pet proposition might be found lacking in merit. The experts have learned how to prospect and test bani rock and placer properties. and to reduce to a mathematical conclusion the emtent in mineral and the cost of extraction and market- fling. Efficiency men hare been brougiit' forward to study mines and mining in their remote-st detail. The result. is that mining is being reamed from the haphazard realm and classed with safe investments. and becoming one of the safest lines of industry in the world when taken up by competent. well trained men who devote their timl to learning and applying thor- oughly economies of the business. The Porcupine camp to the untrain- Pml has no future. but. to the expert. ithere is a field for mining that will {last for decades for many will in- ; rest. Gold minim: has one grand advanto are over all other imlustries.and that is in the market for the product. The value of the article produced does not fluctuate. and not-haunt: in govern- ment aflects it. Crops that Krowmay be subject to climate. drought. chances of this kind or that. hut min- in; is not. and with scientific methods of purchase and operation a new era has been introduced in min‘ in: operations. This new era ahould be welcomed by rich and poor. T'he Holmes method of riflle tables and lminders employs a wide steel tray placed directly under the screen. slopintr in the same direction. and fitted either with or without riflies. This steel tray. which eatdies the screenings. empties on to another trap sloping into the opposite direc- tion. which in turn delivers the ma- terial on to a set. of divided sluices titted with rillies and sloping toward the rear end. is the last day-4110. big daynthe final clean-up Read this carefully. Here is where you Save Money---Come in and see these MARVELLOUS BARGAINS. Hundreds are getting in on these---Why not you?. . Men’ Suits, regular $15.00 to $17.50 Sale price $12.50 “ “ “ $20.00 to 22.50 “ $10.05 “ Bench Tailored Suits, reg. $25 to 27.50 “ $19.75 Balbriggan Under-wear, “ $1.00 suit " 75c. Selkette “ “ $2.00 “ “ $1.60 l’lens’ fine Lisle 50x. five pair - - = - $1.00 ' “ “ Emb “ , four pair - - - - $1.00 “ Soft Hats in all the new shades, reg. $3.00 Sale price $2.00 Straw and Panama Hats - - HALF PRICE Peabody’s Overalls and Smocks, reg. $1.50 Sale price $1.25 each l'lens’ Oxford Shoes, reg“. $4.50 to 5.00 “ “ $3 75 All other lines in shoes specially reduced during the Sale. Also all odd lines in Gents’ Furnishings will be cleared out regardless of price Don’t Forget SATURDAY, JULY 20th. Final Clean-up Day. Nipissing Stores, Ltd. THE PORCUPINE ADVANCE Montreal, Halifax, Ottawa, Cobalt, Winnipeg, Calgary, Nelson, Vancouver, rnnce nupen : OOCCCCCCCOOOOOOOOOCCOCOCCCOOCCCOOOOCCCCCCCCOCCOOCOCCCOCCCOCCCCCCC: Is now in Full Swing We wish to announce the opening of our new FIRE-PROOF WAREHOUSE at where we will carry a full line of Rock Drills, Core Drills, Hammer Drills and Accessories A competent Engineer will be in charge, prepared to quote upon, complete Amalgamating, Concentrating or Cyanide Plants, ready to run. We can supply Rock Breakers, Rolls, Ore Bin Gates, Ore Feeders, Stamp Mills, Tube Mills, Ball Mills, l'ebble Mills, Plates, Classifiers, Sand Pumps, Cyanide Tanks, Filter Presses, Agitation Tanks and motive Power for operating the above. Our complete line of Air Compressors, Receivers, Rock Drills, etc. is particularly up-to-date and worth your consideration CANADA FOUNDRY COMPANY, LIMITED But Remember South Porcupine Cor. King 6: Simcoe Sts., Toronto. District Offices; South Porcupine fax, Ottawa, Cobalt, Winnipeg, Calgary, Nelson, Vancouver, Prince Rupert The Big Clothing Shoe House. South Porcupine

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