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Viewed in the light of the splendid results accomplished and the extraâ€" ordinary possibilities inherent in many of these properties, the conâ€" census of informed opinion is that the market valuations for several of the stocks that sceored the biggest gains were not over extended. While enâ€" thusiasm on the exchanges ran exceedâ€" ingly high at times, it was observed that there always was manifested a conservative influence in responsible quarters, which sought to guide inâ€" vestment and speculation into legitiâ€" mate and reasonably sane, sound channels. This conservative force, therefore, tended to check an overâ€"inâ€" dulgence of the speculative frenzy which otherwise might have distended itself into a bubble of dangerous proâ€" portions. Looking back upon the market reâ€" cord of the Canadian metal shares during 1927, we believe that it may be safely stated that the net results wore very satisfactory, and that many inâ€" telligent _ investor _ and _ judicious traders profited liberally. A very hopeful sign is the attention and recognition being accorded to the Dominion‘s mining industry by the representative bankers and finanâ€" cial institutions of the country. The bankers now see the true significance and importance of mining and the deâ€" velopment of the country‘s mineral resources, in relation to the future ienss o s ness to acquire investment and specuâ€" lative holdings in the representative enterprises. That many of these traders and inâ€" vestors in the Canadian mines were handsomely rewarded during 1927 is attested by the fortuneâ€"building adâ€" raneas registered lby some of the leading mining issues ~during that period. Outstanding among _ the stocks which seored noteworthy marâ€" ket gains during the past year were Teck Hughes, Lalw Shore, Kirkland Lake Gold Mines, Coniaurum, Barryâ€" Hollinger, _ Bidgood _ Consolidated, Amulet, Towagmae, Sherrittâ€"Gordon, Mining Cororation and Central Maniâ€" toba. The market activity in all of the representative issues was fairly well maintained throughout the year. During 1927 there was recorded the heaviest trading in the Canadian metâ€" al shares, ever known up to date. This unprecedented activity culminatâ€" ed in total transactions approaching almost 4,000,000 shares in one day on the Standard Stock and Mining Exchange, of Toronto. This probably established a world record for a day‘s trading exclusively in mining issues on any one Exchange. If there had been added numerous other transacâ€" tions in the metal shares, which ocâ€" curred on other exchanges in Toronâ€" to, Montreal, New York and elseâ€" where, the grand total undoubtedly would have exceeded greatly the trades that were recorded on the Standard Exchange alone. Back of this feverish market acliviâ€" ty, there loomed the steady expansion being registered by the industry throughout all of the more important mineral areas in the Northland. The public at last had glimpsed the brilâ€" liant future ahead of Canadian minâ€" ing, and they manifested an eagerâ€" (Written for The Advance by Arthur E. Moysey) A eareful survey of fundamental conditions in the Canadian mining inâ€" dustry indicates â€" another _ twelve months of progress, expansion and prosperity during 1928. A splendid record was achieved during the year just ended. This spirit of progress, which permeated the mineral indusâ€" try during 1927. is being carried over in to the New Year, when many conâ€" structive developments are scheduled to occur. New Developments Expected to Stimulate Activities for 1928. Canada‘s Mining Industry Enters New Year in a Flourishing Condition. â€"Intelligent Inquiry Regardâ€" ing Canadian Mines Indicates Broadening Interest. Survey of Mining Market for 1927 and Prospects for 1928 y of fundamental inadian mining inâ€" another _ twelve s, expansion and 1928. A splendid Among the companies that are expectâ€" ed to build mills during this year are Coniaurum, Crown Reserve, and Amuâ€" let. In the Poreupine Camp, Melnâ€" tyre and Hollinger are expected to attain larger mill outâ€"puts. Kirkland Lake stands forth as one of the brightest spots on Canada‘s mining map toâ€"day. â€" ‘The progress of the past three or four years has been most uynpressive, and this unâ€" doubtedly will be continued during the coming twelve months. _ During the latter part of last year, promising disâ€" coveries were made in the eastern section of the Kirkland district, and these finds apparently abolish the theory that this eastern sector of the camp ‘will be barren altogether. The most notable discovery probably was that at the Toughâ€"Oakes Burnside Giold Mines, where in a northern seeâ€" tion of the properties, in virgin terriâ€" tory, east of the diabase dyke, the lost segment of the No. 3 vein was enâ€" countered. Encouraged by this find, Toughâ€"Oakes Burnside plans new finâ€" ancing to the extent of $400,000 acâ€" cording to the announced plans, and the management proposes to deepen the shaft to a ultimate horizen at around 3000 feet. Another discovery of outâ€" standing significance in this eastern section of Kirkland Lake was that at the Bidgood Consolidated _ Mines, where an ore shoot of considerable promise has been opened. Eastern are expected to mate next twelve months. shaft to a h the values down, while (Gtold Mines countered h of 2600 feet it will beâ€" ing this ve capilal to come in. The individual interested in the Canadian metal shares from a market and investment viewpoint naturally will want to knowâ€"what is the outâ€" look for 1928. This question can be answered intelligently only after due consideration of fundamental condiâ€" tions and the new developments that are exvected to materialize during the progress, growth and prosperity the nation. _ It is to be hoped th this attitude on the part of the ban ers will be continued, as it will a very materially in the more spee development of the mineral areas, in will be an encouragement for n« capital to come in. OY¢ horizon at 2230 feet, with s persisting all 'the way le at the Kirkland Lake s the shaft, or winze, enâ€" highâ€"grade ore at a depth 6, ~with the possibility that :ontinued to 3000 feet durâ€" aIJ l prosperity o _ be hoped tha irt of the bank ; as it will ai« 1e more speed; 11( Manitoba, â€" during the _ closing months of the old year, assumed a position of increasing importance in the general scheme of developing the Dominion‘s mineral resources. _ The announcement that the Harry Payne Whitney interests had sealed their opâ€" tion agreement with the Mining Corâ€" poratlon of Canada, Ltd., on the Flinâ€" Flon Mines in the northern section of the Province, created a furore of inâ€" terest, and has precipitated something aproaching an oldâ€"fashioned mining rush to the Flinâ€"Flon territory. _ A little to the north, the Sherrittâ€"Gorâ€" don Mines also are being heralded as having enormous potentialities, and the opening of these properties foreâ€" shadows the development of a thriving mining industry in this far northern land. _ The goldâ€"bearing sections of Manitoba also are hem" prospected and developed more aggr es:n(*l) than ever before. During The last year, the Central Manitoba Mines were placed on a producing basis. British Columbia also is hard at work in developing and exploring the extensive mineral deposits of that proâ€" vince, and some noteworthy accomâ€" plishments, especially in the Lake Kootenay socti(m, may be expected during the year at hand. The convening of the Second (Triennial) Empire Mining and Metâ€" allurgical, Congress in Canada durâ€" ing the past summer probably did more than anything else, during the year, to focus world attention on the minâ€" eral deposits of the country, and to encourage the influx of outside capiâ€" tal for the further development and exploration of the mineral area. The visitors to the Congress toured the principal mining camps from coast to coast, and Mr. Charles MceDermid, Honordrv Secretaryâ€"General of the Empire Council of Mining and Metâ€" allurgical Institutions, well said: capital that is going to be needed in the further exploitation of this inâ€" dustry. It was noticeable during the latter half of 1927 that the inquiries reaghâ€" ing brokerage houses, regarding the Canadian mines, were {seeking deâ€" pendable information, and indicated that investors of the more intelligent class were â€" becoming _ interested. Moreover, it was observed that the buying power from international sources was increasing to a marked extent. This was particularly true in the United States and England. Inâ€" terests who are in close touch with the international aspect of the inquiry regarding the Canadian mines, express the viewpoint that this world interest will become increasingly prominent during 1928, and probably will conâ€" stitute a forceful influence in the markets for the metal shares. There was a tendency during the closing weeks of the old year for the mining market to follow no distinet trend, with the trading being rather apathetic in character. _ Some reacâ€" tions were recorded. This was due largely to the temptation to cash holiâ€" day profits, on the part of these who had acquired their stocks at much lower prices during the earlier part of the year. _ Careful investigation, however, indicated that there was an underlying foundation of strength, which provided a quiet absorptive deâ€" mand for the stocks which were being offered at concessions. This situation reflects confidence in the general staâ€" bility of the mining industry and the outlook for continued progress and prosperity during the new year, on The development of the hughe nickel!â€" copperâ€"platinum ores in the Sudbury district of Ontario was carried forâ€" ward with renewed vigor during last year, and as a result the enormous, indicated deposits in the Frood Mines of the International Nickel Company, as well as in the mines of the Mond Nickel Company, furnished an interâ€" national mining sensation. Sudbury, already the source of the bulk of the world‘s supply of nickel, undoubtedâ€" ly is going to be a producm' of new wealth, that will enrich Canada to a large extent, for many years to come, and, at the some time, offer many inâ€" viting opportunities to investors. Manitoba. during theâ€" closing ‘©The Congress marks a new epoch in the mining industry of Canada. The firstâ€"hand, personal contact which the mining men of the Empivre have had with the mining industry in Canada, is bound to be beneficial. The trip has been a revelation."" THE PORCUPINE ADVANCE, TIMMINS, ONTARIO The reports of the Congress to their constituents in the various parts of the world from which the delegates hailed, undoubtedly will strengthen international confidence in the potenâ€" tialities of Canada‘s mineral indusâ€" try, and will be the means of bringâ€" ing in considerable quantities of fresh Kirkland toâ€"day, therefore, is receivâ€" ing increased attention and virtually presents a new field for wellâ€"Gdirected speculation. It would not be at all surprising if there should be proved, within the course of another three or four years, a string of producing mines, located at intervals along the mineralized zone, extending virtually from the railroad station at Swastika right up to the Crown Reserve Mines at Larder Lake. The close of the year found thi Rouyn copperâ€"gold fields of North western â€" Quebece â€" virtually _ estaâ€" blished on a producing basis, as th: Noranda pri copper matté during the . year, ~~Pr The Advance, Timmins. My Dear George:â€"Thank â€" you very much for the copy of the Christâ€" mas number of The Advance. It is a highly creditable and very interestâ€" ing number, and gives ample evidence of the prosperity of The Advance. You appear to have a fruitful field at Timmins, and you are eultivating it with skill and profit. It is our wellâ€"considered view thatl the many constructive developments, which are scheduled to take place in the Domuinion‘s mining industry durâ€" ing 1928, will exert an exhiliarating effect on the mining markets, and in some cases, probably will result in new highâ€"price levels being recorded by the shares. The stock markets, therefore, may be expected to continue to reflect the steady expansion and active operations that are indicated to take place during 1928. We would counsel a course of conservative optimism, based upon a careful study of fundamental conditions, reasonable possibilities and intelligent selection. Investors and traders faollow PRAISES THE CHRISTMAS NUMBER OF THE ADVANCTE Mr. H. P. Moore, police magistrate at Acton, Ont., and formerly one of the outstanding weekly newspaper publishers in Ontario, for many years being the owner of The Acton Free Press, has written the following kindly reference to the Christmas week issue of The Advance. Mr. Geo. Lake, The Advance, Timmins. the part of the bestâ€"informed inter ests. Wishing ind a very gGgOVERNMENT NOTICE of Mines, Toronto. Under the Mining Tax Act. shall ‘be liable for, and the owner, hol der, lessec acre in each ve by the said Act are two years or more in default, and notice is hereby given that unless the amount due as shown on the said list, shall have been paid on or before the 30th day of June 1928, the property in respect of which the taxes remain unpaid shall on the day following the said date become forfeited to and revested im the Crown. Delay in payment beyond the last day of February, 1928, will entail an additional cost of $5.00 for each pareel of land as provided in the said Act. In the arrangement ofâ€"this list lands are given in the judical district in which they are situated, and the lots in townships are placed first and in alphabetical order, according to the townships; then follow the locations not originally in surveyed territory, also alphabetically arrangd and in sequence. Toronto 15th December, 1927. The attention of all concerned ishereby ealled to ‘ge V, Chap. 9) as follows: 15.â€"(1) Except as hereinafter provided, (a) Every mining location and mining claim A list is appended of mining loca tions, mining Communications regarding this matter should ‘be addressed to G. R. Mickle, Mine Assessor, Department SW.14 of N.%Z N. W .14 of 8. N.W .14 of N.Â¥ S.W .14 of N N.E.14 of N. w "a o NJW 34 of NV S.W .14 of 844 N.E.4 of 8. S.E. pt. of" B N.W. pt. of 5 S.E. pt. of N S.E. pt. of S. S.W. pt. of S of N.Y N.E. pt. of 6 S.W.14 of SY%5 S.W.14 of N.%% S.E.1/, of S.W .14 of N.W .14 of S, W . pt you â€" col happy N I am, (b) Every mining location and mining claim in unorganized territory in Ontario, held either mediately immediately under patent granted or lease issued by the Crown under or pursuant to the provisions of any statute, reguldtlon, or law at any time in force, authorizing the granting or leasing of Crown lands for mining purposes; and All mining rights, whether of all kinds or only one or more kinds of mines or minerals howsoever granted or acquired, owned, or held under lease, agreement, or option, in any lands in Ontario, by any person not owning the surface rights in said lands; continued Â¥CAar,. aternally, H; P. SsSuccess, Calu twel For Sure Results Try Our Want Ad Column Through the Canadian Rockies to the North Pacific Coast and California Part Part OING TO CALIFORNIA? Then, do not miss the glory of the Canadian Rockies on your way. Their winter garb is a thing of dazzling beauty. Glittering peaks of ice and snow . . . falls, frozen into a spray of diamonds . . . every color of the rainbow dancing in the sparkling air. And you ride through this maze of beauty in comfort . . . over the Canadian Pacific Railway. | . But are you wintering in California? And is your return trip in the early spring ? Then arrange your return transportation via the scenic northern routeâ€"Puget Sound and the Canaâ€" dian Pacific Rockies. There is an excellent hotel and golf course at Victoria, the rose garden capital of British Columbia . . . also at ¢ V ancouver, the great gateway to the mystery of the Far East. COCHRANE DISTRICT Township of Lot 1, Con. Township of Walker Lot :10, Con:2,;.%., Township 9, C and cccupier thereof shall C. H. White, District Passenger Agent North Bay, Ont. claims and mining rights in respect of which taxes imposed and notice is hereby given that unless the amount due as Canadian Pacific Night Hawk Lake Night Hawk Lake :. ..w..... Deéloro‘..:;.%‘..... SHaw :; . Ogden : CURW : *.......%. Deloro®s.......¢% . DeIOrO i ..«,..x.«r: . .:. :. .. .a . DeéIoro‘.......,.. Oaxden . ... . oOrdenr ;......;.. Oeden .......... Ogden ....‘:..... DeéIOIG ... sSAAW . Deloro of Munro on:*l‘;x*@.. ection Beatty Subsection (1) of the Mining Tax Act pay an acre Thursday, Jan. 12th, 1928 THOS. W. GLBSON, Deputy Minister. Area Acres 52%4 401/4 4() 39/4 39%/ 41% 35 40 40 33% 40 40 40 40 40 40 324 32 40 40% 101 A xX of five cents per Amount Due vs e =J 4. ~1] 1 01 4 bo bo ho 37 . Ab 37 . 45 37 .67 Sb . ba 36 .15 33. 31 33 , 26 25 .90 13 .82 20 .58 17 33 37 s . OT 66 (17