Ontario Community Newspapers

Porcupine Advance, 8 Nov 1928, 1, p. 7

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Canadians Turn to Florida for Carefree Winter Season The Moths have made themselves useful in still another capacity this year. On frequent occasions they have been used by officials to keep tab on the wanderings of tourist parties in the bush. One of these parties started from a point in Mississagi East, District of Algoma, without a permit (as reâ€" quired) from the Forestry Branch. A day later, the Chief Ranger, flying on a phone line survey, spotted their camp smoke on Graveyard Lake, zoomed down, landed, checked the crowd up, made them take out a permit, and threatened the guide with cancellation of his license if he ever "pulled such stuff" again. . Semiâ€"tropical Florida is again drawâ€" ing large numbers of Canadians for the winter season. It is becoming more popular every yearâ€"principally beâ€" cause it is so near, its climate is so inâ€" viting, and it offers such an array of interesting sports and pastimes pecuâ€" liar to that part of the country. Where else but Florida can one enjoy better such an exciting novelty as Tarâ€" pon fishing â€" or aquaâ€"planeing â€" or speedâ€"boatingâ€"or polo. Where else can one motor for miles through avenâ€" ues shaded by graceful palms â€" by great citrus groves of ripening oranges and lemons â€" or along the shore of the Atlantic. There‘s golf, too â€" all winter long. But what do the year‘s fiying reâ€" cords, now in course of tabulation at Queen‘s Park, show? Well, they show. in one instance, at least, that the critâ€" ics, to recall a still older popular song should "keep their foot on the soft softâ€"soft pedal." For, during> the six weeks from June 22 to Aug. 7 a single Moth machine, from the Sudbury inâ€" spectorate, carried 1,445 pounds of uroâ€" visions in to a party of 10 working on the construction of a steel tower and phone line 30 to 50 miles from the railâ€" way. Round trip by cance took two imen. four days. Carrying as much as 235 pounds at a trip, the plane made this same round trip in 1 hour and 35 minâ€" utes. In addition to provisions, inâ€" sulators and sundry other tools and equipment, urgently needed and overâ€" looked in the original inventory, were flown in. The problem of getting waâ€" ter to the top of the 400â€"foot hill on which the tower was being raised, and for mixing the concrete for the piers, was solved by means of a motor fire pump and 600 feet of hose which were also flown in to the spot. Arrange now to spend your winter months in PFlorida â€" any Canadian National Railways Agent will gladly supply you with information about rates, routes and its resorts. 44t.1f. The "Moth" type of planes have certainly proved their usefulness and practicability in the North Land. In a recent issue, The Toronto Globe touched on former criticism of this type of fiying machine, and in view of the fact that the North is necessarily so interesteod in all phases of fying. because of the fact that planes hayv‘ proved of such value to this countri of long distances, the article is given herewith in full:â€" When the Ontario Government purâ€" chased its first Moth light aeroplanes there were a lot of critics who sang the old song: ‘"Yoeu‘ll be sorry just too late." "For detection, sketching, and simiâ€" lar light duties, they‘re ‘jake,‘" saiC the critics, "but in any other capacity thev‘re next to useless." MANY AND VARIED USES FOR LIGHT PLANES AERE Government Machines Carry: Food Tools, Hose, and Prove Very Pracâ€" tical in Use Here. $1.00 any place in Timmins $2.00 to South Porcupine Just WATCH FOR THE CHECKER TAXI 32 Third Avenue, Timmins Hamilton‘s One Dollar Checker Taxi "Free Taxis Toâ€"morrow," Perfect Service Census Report Portrays Mechaznism of Distribution The amalgamation plans provide for the formation of a new company the Northern Ontario Power Company, Limited, with an authorized capital of 25,000 shares ($100 par) of 6 per cent. cumulative copvertible preferred stock and 500,000 shares of no par value Common Stock, and the exchange of securities of the new company for those of the amalgamating companies on the basis of one share of preferred for each preferred share held and 2 shares of no par common for each share of common now held by stockbrokers of Northern Ontario Light. Power Comâ€" pany, and 3 shares of common stock in the new company for each 2 shares of Northern Canada Power stock outâ€" standing. Amailgamation of Northern Canada Power Company Ltd., and Northern Ontario Light Power Co. Ltd. has been agreed upon by the directors of the two companies, and will be placed before shareholders for their approval at a special general meeting to be held in Montreal on Monday, Decemâ€" ber 10, 1928. These companies are both subsidiaries of Canada Northern Power Corporation, Ltd., which owns over 90 per cent. of the outstanding Common Stock in each case, and as they both operate in the mining fields of Norâ€" thern Ontario, the amalgation has been arranged with a view to effecting economies in operation,, permitting of improved service to customers of both companies and allowing the free inâ€" terchange of surplus power from one system to the other. The intention of the directors, should the proposed scheme be ratified by shareholders, is to immediately inaugâ€" urate payment on the Common Stock of the new Company on a $2 a share A report has just been issued by the Dominion Bureau of Statistics giving in detail the results a postal census of Trading Establishments taken in 1924, the main figures of which were issued in the Bureau some time ago. The object of the census was to obâ€" tain a measurement 6of the mechanism of distribution in Canada. Statistics have longe been available relating to population and, more recently, regardâ€" ing the production of commodities. The mechanism, however, by which commodities have ‘been distributed to the ultimate consumer, has in the past been subjected to but slight quantitaâ€" tive measurement. Information reâ€" garding this mechanism is of great economic and social importance and the present report represents a firs: step to meet an urgent need. Proposed Formation of New Company to Take Over Norâ€" thern Ontario Light and Power, and Northern Canada Power. Amalgamation Will Result in Improved Serâ€" vice to Customers. To bridge the gap between produâ€" cers and consumers, Oor, in other words, to perform these services wnich finally place products of all kinds in the ultimate consumer‘s hands, reâ€" quires a large amount of capital. The report shows, for some 67,000 establishâ€" ments which reported, a capital inâ€" vestment of more than a billion and a half dollars. Sailes amounted to $1,â€" Details of Amalgamation of the Two Power Systems NESBITT, THOI\g(g)N COMPANY Industrial Alexander Building Corporation.. 6°%, 1947 Cdn. Power Paper Investments 5C â€" 1958 (Carrying a bonus of 10 shares Common Stock with each $1,000 Bond) Queen‘s Hotel Company......... 6% 1947 Reliance Grain Company........ 6% â€" 1948 Power Corporation of Canada.... Foreign Power Securities Corp ... McCollâ€"Frontenac Oil Company. Reliance Grain Co., Limited . ... Windsor Hotel, Limited......... General Steel Wares......... Canada Northern Power Corp.. .. Gatineau Power Company...... Manitoba Power Co., Limited. ... Montreal Island Power Company ({cum. warrants) Southern Canada Power Co., Ltd. Federal and Provincial Government 2and Municipal Security Offerings will be submitted on request Royal Bank Building, TORONTO, 2 Montreal Quebece Ortawa Hamilton London. Ont. Winnipeg Saskatoou Victoria Vancouver We invite your engquiries for investment service British Columbia Power Corporation Limited Class ‘**A" Shares (No Par Value) Market OprrortuUuXITIESs or Toâ€"mMoRrRROW ARE IN THE MAKING Toâ€"pay! Preferred Stocks Common Stocks Public Utility "After having studied the proposed amalgamation from all angles, the directors of both companies are unaniâ€" mously of the â€"opinion that the best interests of the shareholders will be served by their ratification of the amâ€" algamation agreement enclosed hereâ€" with, which has been approved by the board of dirctors of both companies. It is the intention, if the proposed agreement is ratified, to commence payment of dividends on the common stock without nominal or par value of the new company at the rate of two dollars per share per annum, which will give to the common shareholders of Northern Ontario Light Power Co., Ltd., and Northern Canada Power Limited, the same dividends as they have heretofore been receiving on their respective holdings of common stock." 600,000,000. Forty per cent. of indeâ€" pendent retail stores in cities of 50,000 population or over had sales of less than $10,000, and twerntyâ€"three per cent. had salet of less than $6,000. A grouping of stores according to size of capital investment shows that 70 p.c. of the retail establishments reâ€" portting, operated on an investment of under $10,000, while the same percentâ€" age of wholesaleâ€"retail stores extended into the $60,000 class and 70 p.c. of wholesale stores reached/into the $90,â€" 000 group. Apart from general anc departmental stores, grocery estabâ€" lishments had the largest amount of capital invested. In retail establishâ€" ments working capital was roughly twice fixed capital, in wholesaleâ€"reâ€" tail establishments it was roughly 2i times, but in wholesale establishments working capital was nearly 4 times as great as fixed; capital. Many other interesting facts about trading estabâ€" lishments are shown in the report. Sault Ste. Marie Star:â€"We note that heroines in novels still turn pale in exciting situations, and yet we were under the impression that nothing could make the modern girl turn pale â€"except soap and water. "The agreement sets out in detail the proposed capital structure of the amalgamated company, the conditions attaching to its preferred stock, its power and byâ€"laws. Beware of the man who promises more than you have a right to expect. basis. This will mean that Common shareholders of the existing companies will be in receipt of the same dividend return as at present. "For some time past your directors have been considering .the bringing about of the amalgamation of Northâ€" ern Ontario Light Power Co. Limâ€" ited and Northern Canada Power, Limited, with a view to effecting cerâ€" tain economies, permitting the free inâ€" terchange of surplus power from one system to the other and better service to our customers. In sending out proxies for the special general meeting at which the shareâ€" holders of the two companies will be asked to ratify the terms of the proâ€" posed plan, President A. J. Nesbitt says: Maturity Price Pref. 102.00 97 .00 ** _ Market s 99,.00 ** 96.00 * 101.50 1953 1956 1951 1957 $ 97.50 97.25 102.50 101.00 THE PORCUPINE ADVANCE 10 1. 50 101.50 102.50 100.00 100.00 Approx Yield 4.90¢ # O 6.00%, 5.00%, 5.90% 5.85 90 5.85¢7, 6.20¢%, 6.45¢%, 6.50¢, 6.85¢7, 6.90¢, 714 Fourth Classâ€"Bruce Stovel, Mary Cartonick, Peter Robertson, Ross Macâ€" Phail; Maisie Yeomans and Sidney Hughes, equal; Melville Murthy, Harâ€" old Millions, Charlie Armstrong, Clarâ€" ence Cronk. Senior Third B.â€"James Phillips, Harry McLean, Jenny Doran, Billie Cartonick, Bazel Doran; Sydney Thomas and Joe Woods, equal; Irvin Richardson Frances Johns. Standing of the Pupils in the Various Classes for the Month of October. Senior Thirdâ€"M. E. Watson, teacher â€"â€"Grace Murray, John Karpuk, Erica Larkin, FPranklin Hall, Annie MacPhail Roddie MacPhail, Dick Stone, Tom Webb, Catherine MacPhail, Beatrice Spiers, Joseph Baker, Ina Parsons, Arâ€" nold McGinn, Ida Tanney, Billie Milâ€" lions, Eva Baker, Alex Shumilak, REPORYT FOR OGCTOBER DOME PUBLIC SCHOOL NESTLE S MILK Second Class, W. Blanche Marshall, teacherâ€"Betty Jordan, Arthur Moyle, Marjorie Costain, Donald Pecore, Stevie Ustianyk, Denis Pullin, Jack Joyce Hughes, Annie Cartonick, Budâ€" dy Robertson, Frank Miner, Lloyd Dorâ€" an, Mabel Tanney, John Shumilak. First Classâ€"Dorothy Cox, Mary Curtis, Patsey Uren, Jack Pecore, Betâ€" ty Michell, Audrey Bennett, Harry Banasiuk, Water Baker, Jim Murphy, Norman FPraser, Bobbie Rickward, Marjorie Spiers, Kenneth Harvey, Avyâ€" lin Cronk, Elsie Parsons, Reggie Libâ€" by, Billie Richardson, Bobbie Chevier, Doris Woods, Reggie Butler. Junior Thirdâ€"Orry Costain, Frank Parsons, Joseph Mitchell, Neil Pirie, Hattie Baker, Stanley Millions, Vivian McCaffrey, Alex McGinn, Elsie Armâ€" strong, Marguerite Lalonde, Cervin Stevins, Billy Miner, Edmund Richâ€" ardson, Mary Shumilak, Ruth Doran. Primary Room, A. V. Morris, teachâ€" erâ€"Sr. Primerâ€"Juns Philbin, Kathâ€" leen Pecore, Teresa Miner, Iris Woebb, Tonnez Procopio, Lea Mozzocoto, Johnnie Vesala, Sloco Ustianyk, Steâ€" wart McGinn, Agnes Robertson. Wrap al)l Garbage in paper. Keep your Garbage can covered. Use plenty of Chloride of Lime which can be procured at the Tow@ Hall, free. Householders using well water must boil it for at least 20 minutes. All outside toilets must be made Uy proof. Mow the women do impose on hus= bands who are "handy" around the house i5 Happiness is not found in doing what you like, but in liking wlgat you do. â€"â€"â€"Exchange Jr. Primerâ€"Laura Millions, Marian Jordan, Kenneth Thomas, Marian Cox Elizabeth Banisuk, Billie Honer, Marle Fraser Alice Robertson, Violet Hedges, Celia Donyluk. Thursday, Nov. 8th, 1928 ATTENTION HOUSEHOLDERS By Order of THE BOARD OF HEALTEH â€"Exchange.

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