Ontario Community Newspapers

Porcupine Advance, 13 Dec 1922, 1, p. 6

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ON BEHALE CF THE COMPANY WE OPFER Cor. Melinda and Jordan Sts. TORONTO, ONT. JAMES W ARD, JR BENNO JANSNSEN . THOMAS J. MecKAY V hile the accuracy of the information contained in this announcement is not guaranteed, we have obtamed it from sources which we believe to be entirely reliable. DEVELOPMBEBNT AND ORE RBSERVESâ€"Exploration by shafts, pits, diamond drilling, trenching and has demonstrated a continuous ore fissure for a distance of 10,000 ft., the ore bodies and conditions at both ends and the middle being similar. Intensive development to date has been restrictâ€" ed to the western end of the fissure, where over $1,600,000 of ore of an average grade, top, bottom and sides, of $12.00 per for Toys, Rolis, Novelties, Candles, Fruit, Wine efc. Come m P. Antoine‘s the Fir HllF rth Ave.) Nisht Hawk Peninsular Mines, Limited Treasurer, US. Chain Forgings Co., Viceâ€" Presulent James \IcI\av Company ANLBERT MeKAY . President, Alher ta \Ilmno' Lo Director, US. Chain I‘UI’}.’,‘IHQ'S C©o. Barrister We have big stocks and large varieties in all kinds of attractive goods for Christmas, and everything is priced specially low. No big rent or Ooverhead expenses to moeet, so you get the advantage. COnristmas Btockings Prom ; .. ;.3 . ... .. y n sn n P Nee w i 15c. to $2.00 CHristimas Btockings _1 .. ...% . . 6. .. wl l sn n e n Tok s n P ies in s o 15c. to $2.00 Big array of fine Dolls ;.;.. m eA NCE TL i . i 15¢c. to $3.75 rPicture Books, Postcards, Chnstmas cards and Booklets, Christmas Crockery, Fite., Etc. TE ruit Wins;JBDEClal b .2 s yc id y s es o s ie ols es e w ie w9 l es‘ is ie on 1e aa is is Tbc. Christmays: ‘‘ Crackers,‘"‘*> Bpoecial â€"at;â€"per DOX"., i s n iX snn is es 50c. TLadies‘ Purses, Apoecial!oach.? ...3 ... 2. mscc Je alk Liaik in sls [ s P i n en $3.00 Everything else at reduced prices for Christmas. Be sure to visit this store in your Christmas buying. It will pay you. resident, Stewart Coal A. E. Osler Company 300,000 Shares at Par, $1.00 Per Share Cireular mailed on request from A. E. Osler Co., or from your own Broker. Issued (including this Issue) WUELLAM THCARYV, NEW YORK ..%, in oh. s sikle uk in 4 y h s iss President Capitalist JAMES R. DODWORTH, PITTSBURGH .. Chairman Board of Directors President and Treasurer, Pittsburghâ€"Hanover Coal Co. Viceâ€"President and General Manager, Stewart Coal and Coke Co. President and Treasurer, Allegheny Block Coal Co. QAPITALIZATION 5,000,000 Shares, Par Value $1.00 each ........... $5,000,000 Authorized T ETSGATL NS . . 11. .0 .00 .29 . o n ks A. E. Osler Co., Toronto, Ont. . : Canadian Bank of Commerce, Toronto, Ont. TRANSFPER AGENTS..Trusts Guarantee Co., Limited, Toronto, Ont. Pittsburceh Pittsburgh Pittsburgh, Pa Toronto, ‘Ont (No Personal Liability) SAMUEL J. GRENET Independent Oil Operator SAMUEL HOLLLIS .. . Viceâ€"President and General Manager, Pittsâ€" burghâ€"Hanover Coal Co. Secretary and Treasurer, Stewart Coal Co. Viceâ€"President and Secretary, Allegheny Block Coal Company. GORDON:, PAYIBON .. :s k is se‘ s We k sn e 1g4 Tor A. E. Osler Co. ........ Secretary. ton has been definitely blocked out, in an area of less than a quarter of an acre, or 3% of the length of the main fissure and to a depth of 300 ft. The history of Poreupine today shows that ore has been developed to a depth of 2,000 ft. in a similar formation. It will : therefore readily be seen that along this vein of 10,000 ft to a depth of 2,000 ft., only one part in 231 has been developed. With eight faces of ore, development is placing in sight in exceess of $500,000 additional ore reserves per month, or at the rate of $6,000,000 per year, and, as new levelsl are opened up, this rate of increase will be accelerated. 1€CVCECIDSL dA1lC UIJCUEU up, LAE U 1 11i1Ci1C4ASC Wiil JC d diCli, MANAGEMENTâ€"The management of the Night Hawk Peninsular Mines, Limited, is in the hands of Mr. A. R. Globe, who was for several years Assistant General Manager of Holâ€" linger Consolidated Mines, Limited, and who has surrounded himself with a staff of young Engineers trained and experienced for the past ten years mostly in the Northern Ontario ‘Mines. FINANCIALâ€"With the proceeds of this issue, the Comâ€" pany will have approximately $600,000 cash in its Treasury, as well as 400,000 unissued shares. This fund is ample for the present development program, which includes the erection of an upâ€"toâ€"date mill, and carrying on intensive development until such time as the mill is in operation. Miner. $4,600,000 Christmas Tree in the 1.0.0.F. Hall on Waturday evening, Dec. 23rd. for children of fire suffexer" here and for any other children in the district who might otherwise be without a regula Christmas this yvear. At a meeting of tors, held last wee cents per share w Jan. 20th., 1923, record on Dec. 301 ‘*‘It is believed that prior to the July dividend, the necessary arrangeâ€" ments will have been completed wuere by the capitalization of the company will consist of shares of no par value, and whereby each holder of the preâ€" sent shares will be entitled to exâ€" change same at the rate of one share of the present stock for four shares of the stock, and on which new shares said dividend will amount to one dollar per share per anuum. ‘‘The present cash posmweon of the company shows that in addition to sup plies on hand, of $277,500, the comâ€" pany has on hand cash, $1,240,000, and bonds at cost of $1,464,385, or toâ€" In a statement, to shareholders of the Dome Mines, the President, Mr. J. 8. Bache, outlines the plans or the directors with regard to an increase in dividends. Beginning with the dividâ€" end to be paid in Jul\ next, a regular dividend of $4 per share per annum on the present capitalization will be inaugurated, and in assurance of conâ€" tinuation of the same, the sum of $1,â€" 000,000 has been set aside to be added to from time to time until the fund Increaso to Take the Form of 100 Per Cant. Stock Distribution. DOME WILL DCUBLE PIVIOEND 1N JULY RFXT ‘The Phone Main 7434â€"5, 6028. Cable Address ‘‘*RELSO‘"‘. Beginning paid in Jul\ Pittsburgh, Pa. Pittsburgh, Pa. . .Toronto, Ont. . . ‘Foronto, Ont. JO0th. 19 arranging to i / the, 1;:0â€".0.T n addition to sup 271,000, the comâ€" cash, $1,240,000, $1,464,385, or toâ€" ~$2,081,885 out of Board of Direc i dividend of 35 jlared payanie areholders of ive a Hall S The production of gold from the mines of Northern Ontario exceeded $1,000,000 for the month of November according to preliminary estimates. This constitutes the highest rate of output on record in this country. Deâ€" velopment work during the month was exceedimmgly favourable, and tends to point to a steady rise in production for years to come. .An outstanding feature in this connection is that not only are the leading mines laying conâ€" struction plans for greatly increasing their output, but there are also a large number of new mines looming up that offer good promise of comparing faâ€" vourably awith the present established producers. It has become evident that the Porcupine and the Kirkland Lake producing areas will broaden out as well as grow in length and it has ‘beâ€" come equally apparent that other big gold mining centres will become esâ€" tablished at intervals over the length and breadth of an area that is hunâ€" dreds of miles in leneth from east to Jolhn Kincade P.H. Kennedy. Ed. Kelty. As ‘Mayor Vanier was erected by a« clamation this makes the Council th CROWDING UP CLOSE TO TWO MILLIONS A MONTH as staked solid, Bboischat reat Townships are also and other nearby townshi quota of claims staked. good finds are reported, the district around Pellet: field promises to be a ve one. same as last yea that Messrs. Fe:s place ‘Messrs. Ca There was a ve fully 75 per cent ing out to vote. west and with its northern boundary as vet undefined. Cochrane has added itself to the list of towns having an early closing byâ€" law for business places. Cochrane‘s new byâ€"law goes into effect in the beâ€" of the new vear. COUNCIL ELECTED FOR IROQUOIS PALLS FOR 1923 MUNICIPAL NOMINATIONS ON FRIDAY, DECEMBER 22 HUNDRED SQUARE MILES NOW STAKED IN QUEBEC didate didates for mayor ar ratepayers at the ele will vote on the byâ€"l ger new water main town. Frank J. Kehoe BARRISTER, SOLICITOR, ETC. Room 13, Reed Block, Timmins. )1 O\\ in al n There d fiel d out a §ud?3a.\w sminds his nd Q,s NO haxm ui aC1d 5 ases he usg ! ! aln1 Art quare O ns mearn. Ebbitt. Kincade Kennedy following Counci t the poll on (Mon c Brown. hund to 1t mmnations nd. On Mon ; will be held ibility of vo mavyor and c S ~makes [([ne t year with the Fearn and K Cannon and 4 ie usual date for mu ions falling on Chri year, the law provi( ations to be held on P 1. On Monday, Jan. ] y of the xÂ¥ ke Hustle Councill I voling for can nd councillors, th ection on the firs law re the Hollin i passing throug! i numDer oT d, especially in etier Lake. The very important W CE Â¥, JYJan. . In addit one Nunâ€" staked up. s reported ind Dasseâ€" ell staked have their Incade Te ote polled ters turn l V r mun irist dit | LUur@e 0J UntL leader of th un-l Howard Ferg up.| P.P. of Sudb ted | outline the o . t‘hn \anf h omm pat A synopsis of proposed Byâ€"law to authorize an agreement between the Municipal Corporation of the Town of Timmins and the Hollinger Consoliâ€" dated Gold ‘Mines Limited whereby it is provided that the Mine instal a water pumping station on land near Mattagami River and a Twenty inch water main through the Town of Timâ€" mins; the Mine to supply the Town with all water required by the Municiâ€" pality at cost, the lifetime of the work to be deemed 20 years, normal pressâ€" ure to be 50 lbs. and Fire pressure 100 lbs; the Town to have first call on water for fire purposes. The Town to convey to the Mine land necessary for Pump station ana to lease the present pump ant land oceupied therewith to the imiu«, same to be maintained by the Mine; to chlorinate water passing through the existing ten inch main; and to permit the Mine to use without charge the present water main; to take all water required for town use from the Mine; to permit the Mine to use and occupy the highways of the Municiâ€" pality for the purpose of such instalâ€" lation. nsure a lat dies and ge anxious for Goverument stead of as The agreement to enure for a term of ten years and for two further and successive terms of ten years each, or as long as permitted by the Municipal Act, and at the termination thereof the Town fo have the right to purâ€" chase the plant and undertaking. Valuation to be fixed by arbitration. ena bl cOmmIission MONTREAL CAFE rPuR The above is a true synopsis of a proposed byâ€"law and if the assent of the electors is obtained to it it will be taken into consideration by the Counâ€" cil of the Municipal Corporation of Timmins after one month from the sixth day of December, 1922, ‘being the date of first publication thereof, and the polls for taking the votes of the electors will be held at the Town Hall and Finlanders Hall in the Town of Timmins at the annual election on Monday the first day of January 1923, between the hours of Nine o‘clock in the forenoon and Five o‘clock in thne afternoon. On the 20th day of December, 1922, at the hour of Ten o‘elock in the foreâ€" noon the Head of the Council of the said Corporation, or some member of the Council appointed for that purâ€" pose by resolution, shall attend at the Town Offices in the Town of Timmins for the purpose of appointing, and if requested so to do shall appoint by writing signed by him, two persons to attend at the final summing up of the votes by the Clerk, and one person to attend at the polling place on of the persons interested in and proâ€" moting the proposed byâ€"law and one person on behalf of the persons interâ€" ested in and opposing the proposed byâ€"la w. HORSE FOR SALEâ€"( oI the J held at F commen, candidat ture of i0 Ferguson, Chas. MeUCrea, M. P.P. of Sudbury, and other M.P.P.‘s outline the general and ]mrtwu]nrl\' the Northern Ontario policy of the The usual byâ€"laws provide a basis for delegates voting for candidates, and it is very important that a good representation of members of the Disâ€" trict gssociation and other sympathizâ€" ers be present from the riding of Coâ€" CAFE FPOR SALE On the Second day of January 1923, being the day following the return of the ballot papers, at the hour of T welâ€" ve o‘elock noon at the Town Oflices in the Town of Timmins the Clerk of the Muni(ipality shall attend and sum up the votes given for and aframst the proposed Byâ€"law. % The said Byâ€"law will be taken into consideration by the Council of. the Corporation of the Town of Timmins in meeting at the Town Hall on Monâ€" day the 8th day of January, 1923. Dated, December 5th, 1922. TO RENTâ€"Apply to Geo. Gagne, Albany Hotel, corner Cedar street and Fourth Ave. 48â€"50p working horse, Apply to 56 L lingep Townsits gouod payvin ‘ane. The train the Di Seey. of _P.0. ind rally on same id rally of the Conservatives histrict of Cochrane will be orquis Junetion on Dec. 15th. ing at 9 a.m., to nominate a ) for the Provinceial Legislaâ€" GEORGE MORGAN, n service is such as will t delegates going and reâ€" same day and this should rge attendance of both laâ€" entlemen voters, that are e _ a return of a practical t for all the people, inâ€" _ _at present legislation by ntario the 3 horse H. E. MONTGOMERY, onvention Commuittee, )x 18, Porquis Juncetion. business. Engquire t dvance Office, Timmins RUUMIECt T n n( tÂ¥. illy equipped, Engquire to tood general d condition. Avenue, Holâ€" 48â€"50p. Clerk.

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