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e “Development issues of ‘mming j _stocks in which the people of Ontaâ€" rio and Quebec are at the spresent* i ~time interested are ‘highly speculative,. but such stocks may ‘be, and often ;;,;undonbted.ly are of real importance in accelerating progress _ | and addingâ€"to the wealth ‘of the comâ€" _ munity. Mr. John D. Galloway, Proâ€" vincial Mineralogist of British Coluinâ€" bia, put the cage for this form of speâ€" ‘ulation in a nutshell when he told: he Canadianâ€" Inst.xtnte of Mining ast week that : aetmty in stocks has cerâ€" tain beneficial features which comâ€" pensate for the harmful effects of exâ€" cessive speculation. We have many . legitimate companies with reasonably. ‘â€" promising mineral properti¢s, wlnch ‘‘_ sort : not essentlally ‘different : from ~ horseâ€"race betting. The bulk of the ompany ‘s stock is held by the great ~ . electric corporatxons of the United States under conditions that limit ’ ;,;.;_xthe floating supply of shares available _ for stock market transactions to very ;sman ‘dimensions. A daring market .‘ operator, having first quietly accumuâ€" lated enough of his floating stock to _jjsqcure a virtual corner in it, bid conâ€" . tinually increasing prices for more,. The bears, knowing that Radio stock, which as yet pays no dxmdepds, was selling far above its intrinsic value, ‘gold â€" large blocks of Radio, believing that they would be able speedily to buy in the mayxket at lowâ€" er prices the stock they had contractâ€" ed to deliver. They did not know ‘that the cards had been stacked . ag ginst_ them by the cornering of the . _ bulk of the floating supply. â€" They had been betting that the stock would go down. When, instead it kept goâ€" ng up, the shorts ‘wrushed to cover,‘ ‘as the market reports say, and the chief gambler for the rise won a sum varionsly estimated at from five to ‘fAifteen million dollars, _ once in a while does. a corner of this sort work out successfully for the person planning it. The foo '{',;apgd advance of quotations on the seenrities of. established . companies, followed by an equally ewift fall, is ,nsually caused by a strugmle for conâ€" trol. ‘After the fight is won by one _;fp.ctlon or the. other the â€"price of the stock reverts to its natural level. The passion for mergers, so widesâ€" . pread of late in the United States, *‘ is one of the principal causes of these struggles in the, stock market for the 2 _ control. of long-astabhshed industrial _ and public utility stocks. _ _under way. ‘operations highpreasure salesmen ,'015 ‘gpecn hve securities have famiâ€" harized thous 'dsofpeole who ten yem's m would never have thought ;of logking at stock market quotations, . the“*m ‘and the record of .. many sto« that had no existence fs nntxl the post-war boom ‘began to get is is eapecially twue / ‘of: oil, mining, and motorâ€"car stocks, : .;_'t_jwhieh now receive speculative attenâ€" . tion on an‘ unprecedented scale. ”“ em _ ®Plenty. of. real development work!‘ ‘A few mines brought in!‘ ‘That has been the story of mining in 7 fil eog:mles at all t:mz.n It is I;rob- that, looking: back yeara from -ifnnwksat the : present. active m ‘ stocksrepresenting pr’o' er "es’ in the develo * f’:m dozen will then be 1 d ~Mout of them will bo né___,_g ' “Whm Attorney-General Price‘s b;ll *fortho licensimg, bonding and!reâ€" gnl ating ‘of brokerage houses comes np Ffor debate in the Legislature we are: Itkély to hear not little as: to ,when mvesbment becomes speculation, ind apeculation becomes mere gamblâ€" ing. O€ the last mentioned there is an illustration to hand that lights up the â€"subject. The ‘‘cornering‘‘ of Radio Corporation stock on the New York Exchange wase gambling of a owing. to the present public interest in mining, have been able to fill up their treasuries with funds. In fact in the last two months some of these small companies have been in the hapâ€" C3 a, 4 py position of actually refusing to take ey As a wiii plenty of real opment work .out m the near. future. and ‘@ . few mines will probably be bronght in, to the permanent benefit m‘.’?the~ mdnstry and the country.‘ s _ * A. bright suggestion comes from a Glasgow magistrate. Say a man is convicted of wife assault and sentencâ€" ed to 30 days‘ imprisonment. While he works out his sentence the lot of wife and family may be worse than ever. . The Glasgow Bailie suggests that the man should be allowed to continue his work during the week and serve out his sentence in 15 weekâ€" ends, so that ‘‘if there was any punishment in imprisonment, it would be the man who would suffer, and not his wife and family. . That man would miss all his weekâ€"end enjoyments, inâ€" cluding the football matches, ete,‘‘â€" the Bailie does not seem to have inâ€" cluded church attendance among the enjoyments he would miss. At all events the suggestion ‘is to be made the snbject of a report by a subâ€"comâ€" mittee of the magistrates of, Glasâ€" /<The: followmg from The Glasgow Hemld will be read with much interâ€" est; and many. will wish that it could be put into practice in the case of. many heads of families who run counâ€" ter to the law and incur penalties, whether ofor wifeâ€"beating, drunkenâ€" ness, or whatâ€"not.. The G asgow Her- ald says <â€"â€" > B ; ‘Peter Simple in The Morning Post: London will be glad to see Burgoâ€" master Max, of Brussels, who made such a heroic figure during the Gerâ€" man occupation. .Particularly I like the story of how the great little man resented the action of a German offiâ€" cer who swaggered into the burgoâ€" master‘s office smoking a cigar, and was only persuaded by M. Max‘s digâ€" nified persistence tojcease smoking. As he threw away his cigar the Gerâ€" man haughtily remarked, ‘‘The conâ€" versation can now continue.‘‘ ‘‘Parâ€" don me,"‘‘ said the imperturable Max, ‘‘it can now commence;‘‘ esnt *+* of Canada‘s largest cord mills. D:K and night 20,000. spindles hum cords for Goodyear tires. And al because Goodyear demands reced ated quahty in Goodyehr creatf d SUPERT’WIST Cords. Createq them because dyear scientists . discovered tretch, greater elastlc- PEA ETS o e o y ut on s ue .o d t ced ce ToA y i m the, cords Wcmfii glve greater T St. Hyacinthe, Quebec, is one pectors have bought an. airplane for their own private use in the work of prospecting. | The aitplane for the two prospectors named 1¢. nq'g ready for delivery. _ _( Meears Co and Graham as one demtch from Towonto points out, are . the‘ . wellâ€"known prospecâ€" tors in this North Land. They have not only. had extensive experiencé, but they : have;also met with quite imâ€" poutant success in prospectmg and mining work. Recognizing the necesâ€" sity of speed and facility in reathing scenes ‘of new dlscovenes, and also recognizing the success achieved in air transportation, these ‘two prospecâ€" tors have purchased a Fairchild mounoâ€" torgs have purchased a Barchild plane at s cost of approximately $20,â€" 000 ani have engaged . R. Burge as pflbt Burge gained considerable exâ€" periente in this country through havâ€" ing been ‘engaged. in air service beâ€" tween Haileybury and Rouyn. The new monoplane for the North Land will be:used chiefly for the priâ€" vate ‘prospecting work :of, Messrs \Cockeram and Graham, but at such times as it is not employed by them, it, will be possible for other prospec:â€" tors to charter the machine for other planes hm’:e been in mt:odl gen- eral use in this North Land for ‘some time past, but they have ‘all been spany‘‘* affairs. â€" The one: 8::â€" Mesars Cockeram and ham is t first case where the prosâ€" expeditions. Beaconâ€"Herald:â€"The loose ballots may only indicate that the ward heclers in Ottawa are a ‘sleepy lot. What‘s the use of havâ€" ing ballots lymg around in a field or baing blown . aimlessly about the stneets? ‘Didn‘t the people in the capltal Glty of: the Dominion know enough to put some marks on them and stick them in the ba.Ilot box? arid C. G. Knott. The meeting was qddremd ‘by Charles. Gall er, Onâ€" tario Lend gurve yor, and Eucher St. Paul, who told of the possibihties of the compan ‘s claims. â€" The eastern group of 1 claims will still be held and development work . will be proâ€" ceeded : with.: . If . satxsfactory results are obtained another company will be formed to operate it. _ Mr. Joseph Beaumont and a crew are now on the ground. The preliminary directors of the new East Bay Company are Wun. Newm!m, M.P.P., W. T. McClam, A. ‘Donald Francls M Chapman and C ‘G. Knott. ‘pase of taking over tlns holo- share ,nnd nown asEust Bay Mines of Red Lake, Limited. ‘The considerâ€" ation for the property is 1000000 shares, leaving for the treasury 2,+ ,000 shares. . . At the annual meeting of Red Lake Gold Fields, which was also held, the folhww were reâ€"clected as dl.rec tors: Wm. Newman, M.P.P:;, J. H. Dixon, W. T. McClain, B. S. Sheldon Then, Goodyear ac l hen, Goodyear acquired a mill to make SUPERT WIST GCordsâ€"so s You know your Bread will be the best lfyouuse e flce oo ol 2e n ie ie ts ol zi y ty C 431 Money back if Quaker Flour does not give you the utmost satisfaction 1 of thie proposal to dispose ? mdf'm claims adâ€" mithâ€"Marrison Company Finest, lightest loaves of. even texture will delight your family and mark you as an expert home baker. SHOWING ELONGATION DIFFERENCE:BETWEEN £/y