Ontario Community Newspapers

Porcupine Advance, 9 May 1929, 2, p. 1

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May 15, June 12, July 10.......... Montrose June 26, July 24, Aug. 21...... Montcalm *Call at Cobh â€"Salils at Daybreak â€"|Does not call at Belfast. EMPRESS SERVICE To Cherbourgâ€"Southampton May 7 May 28 ... Empress of Scotland May 21 June 11..Empress of Australia June 18 July 9.....Empress of Scotland July 2 July 23..Empress of Australia Full Information from Canadian Pacific Agents June 6 July 2, Aug. 1......... ... Montclare June 22, July 18, Aug. 15....... Metagama NOTICE of DISSOLUTION of PARTNERSHIP May 15, June 12, July 10. May 29, June 26, July 24 Notice is hereby given that the partâ€" nership heretofore existing between us, the undersigned Max Ryan and J. W. Reed, carrying on business as diamond drillers and contractors, under the firm name of Reed Ryan, in the Town of Timmins, in the District of Cochrazp, has this day been dissolved by mutual All deb ship are ! Block, T May 10, July 12 May 17, June 14 May 24, June 2. May. 31 June 7, July 3+ June 8+ July 4 presented whom the Reed F on by M Dated : of May, 19 To Liverpool May 10, June 19, July 12 May 17, June 14, July 20 May MAY ~3l iT ind DuC June 4, July 3.............. DucP June â€"27, July 19*.;;:....... : Du To Cherbourg, Southampton May 15, June 12, July 10......... Mor May 29, June 26, July 24......... Mon! June 6, July 2, Aug. 1 . *Mont June 14, July 5......Duchess of Be Juily 18; Aug,. ‘15"*..................... Meta June All sincere seekers for the great itruth and power known to the Ancients, write for the free book the "Light of Egypt" mailed without obligation to occult students. san Jose Subject for Sunday, May MR. T. M. BUSBY, Spe Sservice at 7 p.m. You Should Hear This C. H. White DISTRICT PASSENGER AGENT C. P. S., North Bay Best Home Cooking Good Clean Rooms Chea p 156 ELM STREET SOUTH, (Rear) Dorando Hotel NXDER NEW MANAGEMENT AMORC TEMPLE xrace Chapnel July 19*..:;........ . Duches: To Glasgowâ€"Belfast TSUIY_ ie dR June 14, July 20.... WÂ¥ Rosticrucian Mysteries SECcONL SEGCTION ELM STREET To Stornoway To Plymouth To Hamburg To Antwerp ns ric LUST, Prop. HNIELT MA Ont ja@art uly 10......... Montrose ily 24......... Montcalm eX ; *Montclare Duchess of Bedford . Metagama X RYAN, W. REED ...Duchess of York Duchess of Atholl ........... Minnedosa y 12. ... Montroyal j Metagama . Duchess of York Duchess of Atholl ...Duchess of York Ma Experienced Mechanic Cheap Rat« CHARGES REASONABLE Minnedosa Metag Montrose Montcalm Montroyal c cMelita California Car Repairing ) Ine ed of the company were valued at $11,473,269.75, against $12,â€" 199,156.21. A noticeable feature in this regard was the fact that shares in companies as the end of 1928 amounted to $2,018,000, compared with $1,087,000 a year previously. Total tonnage of ore going to the mill in 1928 was greatly reduced, amounting to 1,778,470 tons, as comâ€" pared with 2,178,329 tons in 1927 and 1,932,559 tons in 1926. Average value per ton was $6.28 against $6.96 a year before and $7.99 two years before. Costs increased approximately 60 cents a ton, standing at $4.0404, compared with $3.4465 in 1927. The net value of gold and silver recovered was $10,712,â€" 821.69, as against $14.548,899.71 the preâ€" vious year. During 1928 the mill operated 87 per cent of the possible time run and treated an average of 4,982 tons a day, a reduction of 1,019 tons from 1927 when production reachâ€" ed its peak. A further sharp decline in ore reâ€" serves is reported, the estimated gross value at Dec. 31, 1928, being $51,210,235, against $60,225,539 at the end of 1927, $66,081,733 two years before and $65,â€" 068,799 three years previously. The strong liquid position of the company was fairly well maintained. Current assets at the end of the period amounted to $12,408,454.20, as compared with $13,172,525.29 a year before and $11,986,458.68 at the end of 1928. Current liabilities, consisting of accounts payable and wages unpaid totalled $568,087,79, against $370,910.55 a year before. Additions to plant during the year were all written off, leaving the book value at $1 as in the previous report. "Your directors have continued their efforts to secure other mining properâ€" ties and have investigated a large numâ€" ber of claims or prospects," says Presiâ€" dent N. A. Timmins in his remarks to mining ri our atter deemed of shareholders. "A competent field force has been constantly in touch with all recent developments in the various mining areas, but no claims brought to our attention or investigated were deemed of sufficient importance to folâ€" foOr the maln Ppart OlL UiL? FCQOIL dAlllai the news contained in it has alâ€" ready been largely discounted before the issue of the report. The report shows reduction in net profits from cperations, decrease in ore reserves, and lessened current assets and net surplus. The public have expected the sort of news given in the report, the general opifiion being that reduction in production, etc., should be expected naturally in view of the special attenâ€" tion that had to be given to backâ€"fillâ€" ing and other necessary but nonâ€"proâ€" ductive work. i The report covers the fiscal year endâ€" ing Dec 3ist, 1928, and a summary of the report is given herewith: Operating profit for the year amountâ€" ed to $4,279,280,54, as compared with $7,810,754.179 in 1927 and $8,025,921.45 in 1926, while net profit from operâ€" tions stood at $3,731,566.20, against $6,648,308.96 the previous year and $6,â€" 199,679,72 two years before. Despite the reduction in the dividend rate in September, 1928, income was not suffiâ€" cient for payments during the year and the sum of $796,691.80 was deâ€" ducted from surplus. Had the diviâ€" dend been at its reduced rate for the whole of the period, however, earnings would have been sufficient to take care of it. Annual Report of Hollinger Mine Shows Lower Earnings Mill Treated ::5000 Tons per Day Against 6000 in 1927. Recovery Sl.lghtly Lower and Costs Increased. Referâ€" ence .Made in President‘s Address to Railway Line to Kamiskotia. Government Has Matter Under Conâ€" sideration. The annual report to the shareâ€" olders of the Hollinger Consolidated old Mines was issued last week and as been the subject of much comâ€" ent. The public has been prepared r the main part of the report and Your directors have taken up with provincial government the question the extension of the Temiskaming Northern Ontario railway through Kamiskotia districts so as to enâ€" > the property of this company, s l as other properties, to be opened and the government now has the tter under consideration. The ding of a railway will not only e a nromising new mining Area, i promising new mlning ared, d prove of value as a coloniâ€" ad. Your directors look for a e decision, and oncd>a raillway d they are prepared to build ntrator and resume active on your Kamiskotia property. i18p "The exploration of the Kamiskotia property was completed during the latter part of April, 1928, and since has been temporarily closed down until railway facilities are available. Meanâ€" time some test shipments have been made with a viey to determining the best method of treating the ore and the type of concentrator to be erected, so that there will be no delay when transportation has been provided. Esâ€" timates of ore, based on copper at 1144c per pound are: Tonnage, 1,000,000 tons; gross value, copper only, $8,700,000. At current prices the figures are very maâ€" terially augmented." 484 Development during the year aâ€" mounted to 1,221 feet of shaftâ€"sinking, 39,705 feet of drifting, 51,120 feet of crossâ€"cutting, 1,654 feet of raising and 88,625 feet of dirmond drilling. A total of 1,367 feet of timbering in shafts and 7,087 feet in stopes was acâ€" complished. Broken ore in the mine on Jan. 1 1928 was 1,191,013 tons, all above the 2,150 foot level. During the year 1,â€" 699,195 tons were broken, 76,167 tons of which were between that level and the 2,750â€"foot licrizon. Altogether 1,777,545 tons of ore were removed durâ€" ing 1928, leaving broken ore in the mine at the end of the year amounting to 1,112,662 tons. > dicated in the body of the report. "The Schumacher shaft was sunk to the 3,950â€"foot level, where 250 feet of cross cut has been completed. A vein of satisfactory value is indicated by diamond drilling, about 200 feet south of the shaft. "Some promising veins, the importâ€" ance of which has not been determined as yet, have also been disclosed in other sections of the mine, as a result of the development work carried on, notably on the 2,600â€"foot level. "Our shareholders now number more than 7,000, the great majority of whom are residents of Canada. Labour conâ€" ditions continue to be satisfactory and there is no reason to anticipate any change in the situation." "During the year under review deâ€" velopment at the Hollinger has been actively carried on below the 2,000â€"foot level," says A. F. Brigham, general manager, " and discloses most of the veins in place, but with reduced values, which is further reflected in the deâ€" creased total of ore reserves, as inâ€" "During the year supplementary letâ€" ters patent were obtained extending the powers of the company so as to enable it to deal in the stocks and bonds of other companies, and a seâ€" curities subsidiary is being incorporatâ€" ed, and will presently be in a position to commence business, as your direcâ€" tors feel that shareholders are likely to derive greater financial advantage through the operations of such a comâ€" peny than otherwise would be secured. In ore reserves at the end of the TIMMINS, ONTARIO, THURSDAY, MAY 9th, 1929 3# bottoms and pillars which were estiâ€" mated the previous year at $1,099,993. Veins having an average value of over $10 account for 1,047,190 tons, estiâ€" mated at $11,80, or a total of $12,359,â€" 134 in the reserves. Veins ranging from $8 to $10, contain 2.387,517 tons, averaging $9.17 a total of $21,883,494. Veins from $6 to $8, contain 752,701 tons, averaging $7.51, and totalling $5,â€" 649,781. Probable ore under $6 to the ton is shown at 2,336,194 tons, valued at $4.75, a total of 11,086,206. Surface outcrops are included at $231,620, gringing the grand total to $51,210,235. lpemod no value was included for drift Current assets as at Dec. 31, 1928, included cash, $389,101.24; bullion in transit, $471,790.42; accounts receivâ€" lable. $74,292.69 and investments, $11,â€" 473,269.175. Deferred assets amounted to $673,504.20. Mining properties were shown at $22,493,785.17; plant, $1; inâ€" vestments in other companies, less deâ€" preciation and less expenditures on properties abandoned, $56,923.14; tailâ€" ings disposal site, less depreciation, $8,â€" 416.80; outlay in respect of Kamiskotia claims, $396,557. Gold and silver produced in 1928 acâ€" cording to the profit and loss stateâ€" ment, amounted to $10,712,821.69. Inâ€" terest on investments and other income amounted to $752.146. Charges for mining, milling and of a general nature were $7,185,687.15 leaving an operâ€" ating profit of $4,279,280.54. Deducting taxes, $495,068.96, and depreciation, $52â€" 645.38, the net profit from operations was $3,731,566.20. Profit from the sale of securities totalled $32,492 and apâ€" preciation of shares of other companâ€" ies, $851,250, giving a total net profit of $4,615,308.20. During the year $5,â€" 412,000 was paid out in dividends, $796,â€" 691.80 of which was deducted from surâ€" plus. According to reports from Rouyn, Wm. Cavanaugh, of the International Paper Company was recently held up and robbed at eleven o‘clock at night in front of the Nationai Hotel where he was accosted by a roughlyâ€"dressed man who demanded his money. Mr. Cavaâ€" naugh had $400.00 in cash on his person and put up hard battle, but was laid out with a blackjack. Current liabilities amounted to $568,â€" 087.79; reserve for taxes, $200,000; capiâ€" tal stock, $24,600,000; net surplus carâ€" ried forward, $10,699,553.72. An unusually attractive programme has been prepared for the Girls‘ Club concert to be given this evening (Thursday) in the United Church, commencing at 8.15 p.m. The proâ€" gramme will include violin solos by David Horwitz; pianoforte solos, by Miss Ada Graham, Miss Annie Scott, Mrs. J. W. Faithful; piano duet, by Misses Graham and Scott; readings, by Miss Betty Paterson, Miss N. I. Macâ€" Leod; vocal solos, by Mrs. Danard, Mr. W. Mitchell, Miss P. Sayles, Mrs. D. Neill, Miss M. Wilson, Mr. G. A. Reid, Mrs. P. Carson; vocal duets, by Mesâ€" dames Carson and Neill; mixed quarâ€" tette, Mesdames Carson and Neill and Messrs Reid and Neill; selections by the Orphans Quartette, Messrs A. Kinâ€" caid, C. G. Keddie, W. R. Dodge and W. Mitchell. Girls‘ Club Concert to be Held This Evening Hotel pine Mobantre Longfeilow Built e exception of the out Anglican Clergyman Who was Injured in Far North Now Recovered from Injuries Sufficiently to be Around ‘ Again. Hockey Enthusiasm at South Porcupine. Bluebird Tea Room Opened at South Porcupine. Other l Ssouth Porcupine News. On Wecrnesday, May 19th, Rev. R. Morrow of Rupert‘s House will take the service in St. Paul‘s Anglican Church here. Mr. Morrow is the recâ€" tor who was brought to Moose ractory by dog team from Rupert‘s House, after having broken his hip there on a toboggan skde he was making for the Indian children. He was brought by aeroplane from Moose Factory when it was found there that he was too badly hurt to stand further journey by dogâ€"sled. He has now so far reâ€" covered through the care given him at Cochrane that he 4s able to go about again, so Archdeacon Woodall has seâ€" cured him to supply his pulpit on Whitsunday whilst the Archdeacon has to go elscwhere. Mr. Joe Webster has arrived at the Dome Mines from Scotland. We beâ€" lieve that Mr. Webster has quite a reputation for his prowess at football in the old couniry so will feel at home at the Dome. Owing to the unusual snowstorms the schedule for the footâ€" ball games are all pushed one week forward in the Porcupine District Leaâ€" gue, leaving the first to be played at the Dome on May 22nd. Mr. Jack Green, an oldâ€"timer of the Porcupine camp, is renewing acquaintâ€" ances in town. He has been in the Red Lake and Tashota districts durâ€" ing the winter and also on a visit to his former home at Kingston, Ontario. Stan Pearce‘s ancient autocrat, the Ford that headed the procession into Toronto at the time of the Northern Crusade, is "still going strong‘" in spite of its fifteen years of camp fare in Porcupine. Its appearance is slightly marred by the tar so prevalent in town and a hungry horse shook out the final straws of its upholstery this week in Rev. Mr. Morrow to Preach at South Porcupine on May 19th F®. C. Evans and Chief McInnis are on a trip to Toronto. In spite of the inclement weather, the informal opening of the Bluebira Tea Room, South was a decided success on Saturday last. Several of the Girl Guides assisted Mrs. Martin in looking after the guests and later were themselves entertained at tea by the hoctess. Their many friends here will be inâ€" terested in knowing that Mrs. Woodâ€" all and her daughter, Grace, are leavâ€" ing Porquis Jc¢t. on Wednesday, May 8th, to sail by a Cunard steamer on May 12th for England. Mr. Cecil Kavanagh is on a visit to Ottawa. Mrs. Kavanagh and two sons are visiting her sister, Mrs. Sullivan, at Cochrane. South Porcupine, May 7th, 1929. attempting to find a tender morsel but Special to The Advance. its sturdy old engine is still throbbing Messrs J. W. and Truman Thomas|away as it trundles back and forth or are leaving for Sudbury. They will|its daily tasks around town like some visit at New Liskeard en route. ancient citizen who still felt the urge of Mr. and Mrs. Matthew Thomas, Jr.. |industry, despiis the fact that the are in town again after an extended jchild of his dreams had outgrown his visit to Toronto. . knowledge. . A very gratifying and enthusiastic meeting of the Porcupine Hockey Club was held in the council chambers on Wednesday evening of last week. Things look very promising for a seaâ€" son with more thrills than ever during the coming winter. Whether it was the miniature winter we are having or not but the blood of many of the fans already seemed to be tingling with hockey excitement and very subâ€" stantial support was promised. Jc¢t., is spendin Hamilton. At the annu cupine Rink A A very pleasant luncheon bridge was held at the home of Mrs. Seamon, Ankerite Mine, last Friday in honour of Mrs. Leal, who is leaving shortly for Kirkland Lake. Myrs. H. W. Seaâ€" mon and Mrs. P. Richards (Dome) were the joint hostesses for the occasâ€" ion. Mrs. J. Alexander was the winâ€" ner of the first prize and Miss Smart of the consolation. Mrs. Leal, the guest of honour, was presented with a beauâ€" tiful purse. Fourteen guests sat down to the very dainty luncheon served. The Girl Guides are having a tea and sale of homeâ€"made cooking at their headquarters on Saturday, beâ€" ginning at twoâ€"thirty. Porcupine GClidfields Band journeyâ€" ed to Schumacher on Sunday evening last to given one of their highâ€"class concerts. The band‘s junior orchestra, composed of a number of children, was one of the special features of the evening. Next Sunday evening thex will give a concert at the Majestic Theatre, South Porcupine, after church services. Many were turned away havâ€" ing come too late to get seats for the last concert given there. Mr. Bridges is moving his family into a flat in the Sauder block. Mr. A. S. Fuller is in Porcupine this week, at the Paymaster Mine. Mrs. H. McNair leaves this week itc visit her parental home at Morteith. A movement is on foot to form an interâ€"town softball league in conjuncâ€" tion with Schumacher, there being two teams from there, one from the Dome and one from South Porcupine. A meeting is being held in Schumacher on Wednesday of this week when reâ€" presentatives ‘will be present from both Mr. Don Campbell is again in town. To two little citizens here the snowâ€" storm of Saturday was a wonder of wonders. The two small daughters o> Mr. and Mrs. Leslie Fairfax, of Peru, had never seen snow before but arrived to visit their grandparents durâ€" ing Friday night‘s blizzard. The Boy Scouts are putting in conâ€" siderable time with their boxing pracâ€" tice and other physical drills latély. We believe it is their intention to put on a slugfest tournament some time in the near future. The Scoutmaster is being assisted by Messrs Pete Mill, M. Thomas, Jr., and others in training the boys. One of the most pleasant and hanjy dances ever held in the town was the judgment given of the Rebekah May Day dance, the first invitation dance they have given since their organizaâ€" tion. Many brethren and sisters along with their friends, were present from Timmins, Schumacher and Connaught. The music and special May Day features were a delight to all. Two door prizes were given, being won by Mrs. MacMillan and Mr. Roy Gemmill, of town. 16 i Wednesday of this week when esentatives ‘will be present from b« e Dome and South Porcupine. Miss Gertrude McMahon, of Porq t. is spending a while with Mrs. ‘ming the eX Mt. â€"O. _ He: da fountain bu vicE t t tair maC n thiere, one from South s being held electt idGent; . derson kecutive ndeérson in his meeting clation M pre 1z MtT, R. Man S The Continental Limited, Trains Nos. 1 and 2, between Montreal and Vanâ€" couver daily, operating through sleeper between Cochrane and Toronto. These Trains use Canadian National Railways Station at North Bay. Trains Nos. 17 and 18â€"Daily except Sunday service between North Bay and Cochrane, operating through sleeper between Timmins and Montreal, These Trains use Canadian Pacific Railway Station at North Bay. TEMISKAMING AND NORTHERN ONTARIO RAILWAYX Trains Nos. 46 and 47â€"Through serâ€" vice daily, between Toronto and Timâ€" mins, also to Rouyn and Noranda, Que. Operating Parlour Cafe Car Service between North Bay and Timmins. Through sleepers operated between Toâ€" ronto and Timmins, also between Toâ€" ronto, Rouyn and Noranda, Que. These Trains use Canadian National Railways Station at North Bay. Local service between Cobalt, Founâ€" tain Falls and Silver Centreâ€"Monday, Wednesday and Saturday. Connections at Earlton Jct. for Elk Lake, daily except Sunday. Connections at Swastika, daily, with The Nipissing Central Railway for Kirkland Lake, Larder Lake, Cheminis, Rouyn and Noranda, Que. and interâ€" mediate points. Connections at Englehart for Cnariâ€" ton, daily except Sunday. Connections at Porquis Jct. daily for TIroquois Falls. Triâ€"weekly service between Cochrane and Island Falls Jct., leaving Cochrane 8.30 a.m., arriving Island Falls Jct., 11.20 a.m. Tuesday, Thursday and Saturdayâ€"leaving Island Falls Jct. 12.20 p.m., arriving Cochrane 3.10 p.m. Tuesâ€" day, Thursday and Saturday. See current timetable or apply to any T. N. O. Railway Agent for full particulars. A,. J. PARR, General Freight and Passenger Agent North Bay, Ont. and Remnants Store 9 Third Ave. Timmins latest Summer Goods. Here is your We have just received a big ship chance to get real value at low ment of QOdds and Ends of all the closer to you, rendering every object more distinct and clear. Furthermore we have made a study of selling our patrons suitable glassesâ€"adding distincâ€" tion to their personal appearâ€" ance. Curtis Optical Co. Opposite Goldfields Our glasses bring the SECOND SE CT/ION Odds and Ends Distinctive ! Ernest Mercier ces immings world i

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