Ontario Community Newspapers

Porcupine Advance, 28 Nov 1929, 1, p. 6

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A Smeie Sin Provesir r For Instant ‘ Ease From COUGHING lake éu CKLE Y; I X T VR E. Thursday, Nov. 28th, 1929 BRIGHTEN CHRISTMAS WITH ELECTRICAL GIFTS!. Dryden Paper Company . Queen‘s Hotel Company Carrying warrants to receive 10 Shares of Common Stock without Convertible into 20 Shares of Common Stock for each $1,000 Debent Canadian Pacific Railway.... §°% 1934 99.00 Canada Northern Power Corp. 5¢, 1983 93.00 Gatineau Power Company.... 5% 1956 93.00 ; Manitoba Power Co. Limited 1981 100.00 Montreal Island Power Co. ... §1%4% 1957 94.50 Foreign Power Securities Corâ€" poration Limited.. ..... ... 6% 1949 _ 100.00 Canvertible on basis of $50 per Share on or before June Iist, 1034 Mcâ€"Coll Frontenac Oil Co..Ltd. 6% 1949 100.00 Great Britain and Canada Investment Corporation .. .‘{d(u'd,\' I‘ric« V Power Corporation of Canada 4}%% 1959 #$100.00 _ 4.s50%, Percolators 7.20 up Irons $3.95 up Convertible on basis of 10 Common Shares for each $500 Bond on or before October Ist, 1934 Montreal Quebec Ottawa fiamilmn London, Winnipeg Saskatoon Victoria Vanc $3.50 up Toasters Royal Bank Building, TORONTO, 2 The paramount consideration with investors toâ€"day is security,. This cardinal quality may be coupled with fair yield, plus an opportunity for appreciation. The following securities carry our recomâ€" mendation. We tnvite your inquiries for invesiment service Convertible on basis of $150 per Share LIMITED Canada Northern Power Corporation Limited This year we offer a wider range of selecâ€" tion than ever . . . the finest display of electrical gifts we have ever shown. Gifts for Mother, Father, relatives, friends. Indiâ€" vidual gifts; family gifts . . . at unusually attractive prices, with convenient terms if desired. Make up your Christmas list now. Mark each name off with an appropriate electrical gift. Let Electrical Gifts Simplify Your Christmas Shopping Problem . . . . Controlling and Operating Northern Ontario Power Company, Limited Northern Quebeg Power Company, Limiter Floor Lam JICdAL NT Washing Machines Po\v # 2â€"Burner Hot Plates # CC COl’pO ra V acuum Cleaners tion, Limited Air Heaters Grills Portable Lamps Durham Chronicle:â€"It is a mystery to us why some people take so many chances with the law. They seem to persistently and systematically transâ€" gress and then when they are caught often try the old stunt of "keeping their name out of the paper." In breaking the law we do not mean the petty little things on which we may slip from time to time: what we are referring to is the flouting of the law for things which, if convicted, there is nothing for it but the serving of a heavy penalty. Taken altogether the law is pretty decent with the citizen who tries to do the right things ares of Common Stock without cost n Stock for each $1,000 Debensture 1934 99.00 8.( 5% 1953 93.00 5.5 % 1956 93.00 , 5. 8\%4¢% 1951 100.00 5.3 §)4% 1957 94.50 5.$ 414% 1959 100.00 _ 4.50%; 1949 _ 98.30 _ 6.085% I947 _ 98.00 6.13% Vancouver Great Northern 6.00¢%7 5.08¢ 5.55 §.50% 5.50%, 5.90%, 6.00¢7, i Mine Teckâ€"Hughes Lake Shore ... Wrightâ€"Hargreaves "Porcupine United VAJDPODNEL _ is ConiauFum |.............. Kirkland Lake Gold Barryâ€"Hollinger ........ HQHINn@er AnKerke c l . The Last of Ankerite 9 Mos. All 1929 1928 Tons 12,912 66,606 MECOVETY: .:i T1 AdT / $28B9,; 117 Peétr. tOIt. ... ces $4.35 Ankerite did no* run mill in third quarter. Property is now closéd and mine is fAooded. Tons 12,912 MECOVETY: . 1 L Per. toOfIr. ... ce ~$0.04 Ankerite did no* Tun mill West Dome These figures are particularly useful at a time like the present, when a deâ€" pressed and nervous market needs a stabilizing influence. A study of the average recoveries for the various proâ€" ducers has also been found useful for ready reference. Each quarter the Ontario gold proâ€" duction figures as issued by the Onâ€" tario Department of Mines, are eagerly awaited by shareholders and public, who are apprised in official tabulations of progress, or lack of it, of the proâ€" ducers. In order to present the inâ€" formation in easily digested form The Northern Miner has prepared an indiâ€" vidual analysis for each company, with comparative data., There is so much discussion cof mines, mining matters and mining stocks markets at present, that an anâ€" alysis of the various gold properties will be generally considere«l as of special service. Such an analysis was presented last week by The Northern Miner. In regard to this mattes, The Morthtrn Miner says:â€" Producing Gold Mines Subjccted to Individual Analysis for the Nineâ€" Month Period of This Year. ANALYSIS OF PRODUGTION OF MINFS OFf THE NORTH Coniaurum Figures Startling W atfile Irons Ranges Radios Refrigerators Heating Pads Curling Irons Average Recoveries THE PORCUPINE ADVANCE, TIMMINS, ONTARIO 9 mos. 1929 $14.81 14.78 9.32 8.66 8.32 7.89 7.66 7.50 5.93 6.53 6.18 5.54 5.07 4.3G Tons milled Recovery ... Per XOn:‘.:....... Daily average 19829 1829 Tons milled . 3,209 1, 349 Recovery $26,711 $9,662 Per ton > $7.10 Mill ran for a few months, recovering a fair grade. Daily average was about 60 tons. Operations now at standstill. Vipond Holds Gain Remarkably even production marks McIntyre‘s performance. Pilot mill now operating did not affect figures in the period. It is apparent that this preview indicates normal perâ€"share earnings. Costs per ton in year endâ€" ing March 30th, 1929, stood at $4.32 per ton. At current recoveries a net profit of $3.34 per ton, or $2.20 per share, is indicated, against dividend requirements of $1 per share. 9 Mos. All 1929 1928 Tons milled .........._ 41086855 524,695 Recovery ....... ... $3,146,565 $4,172,447 Per . ton $7.,66 $7.45 Daily mill av erage 1,520 1,500 In view of tonnage and recovery it is highly questionable whether costs are being met. The company paid $5,500 in cash for an electricial survey. They paid off part of Coniaurum‘s mortgage and reduced other liabilities, officials stated in September. Ordinary mining, development and milling costs, with additional milling costs, with additional capital expenditures noted, could easily exceeqd indicated income. McIntyre Keeps Pase Milling 5,081 tons daily and recoverâ€" close to $6 a ton in 1928 Hollinger‘s costs averaged $4.04 a ton. With lower milling rate and possibly higher costs it is apparent that some attempt is beâ€" ing made to equalize things by interâ€" spersing higher production months. No Improvement in March Gold 9 Mos. 3 Mos. 1929 1929 Tons 34,248 10,350 Recovery ... ~...... $174,163 $52,760 PE ALOIX 5: css $5.04 Mill average ............. 123 117 March Gold for the first nine months of 1929 had production income of $19, 350 a month! In September officials stated that income for March, April and May was $50,420; for June, July and August $64,371. The latter figures were said to represent income from increased tonnage. The mine figures do not show any improvement in reâ€" covery or tonnage over the earlier period, according to figures submitted to the Department of Mines. Hollinger Picks Up 1929 1928 9 Mos. All Tons milled ............., 1,144,2238~ 1;,778 ;4 10 Recovery .............$6,459,270 10,650,809 Per tolrt $5.64 $5.98 Daily mill average 4,234 5,081 Above tabulation shows a fair imâ€" provement in Hollinger grade and slight rise in tounage over the six months‘ figures. One exceptionally high production month, August, has not been explained minewise. October which does not come into thse third quarter figures, is also unasccuurtably high. Income of $155,978 in the months of July, August and September does not represent much of an increase over preceding six months, despite drastic raising of mill heads to recover $13.60 per ton. The result has the earmarks of selective mining in period when depth development planned by the new control is marking time. Dome Figures Normal 90 Mos. All 1929 1928 Tons milled .................411,900 548,000 KRecovery ...;.....};., $3,899 254 Per: COLL .. ic i aaie $7.58 $7.1% Dally milling ......... 1,522 « 1,075 Dome‘s performance for the nin: months‘ period is not surprising. It has been forecast in the monthly reâ€" turns issued by the company. Recovyâ€" ery decline was expected in view of statements of the management. All forecasts as to Dome‘s showing for the whole year were upset by mill destrucâ€" tion. The company has a chance to reâ€"appear in the production columns for 1929 when mill cleanâ€"up returns are available. 9 Mos. Quar. 1929 1929 Tons milled .. ........061,084% 11,467 Kecovery ..................$426,910 $155,978 . on :7 $13.60 Dally mill average ... 288 127 A remarkable change in mining and milling policy is disclosed in the proâ€" duction figures for the third quarter of Coniaurum‘s year, since change in conâ€" trol. _ Tonnage is apparently cut in half and grade doubled. Recovery 0o: $13.60 per ton is surprising, yet close check on data supplied the governâ€" ment shows the calculation to be corâ€" rect. A theatre in Moscow, Russis, had been losing money, On the 1st of Noâ€" vember it displayed a notice saying that at the close of the that evening the orâ€" chestra would play an extra number and if any one didn‘t like the selection all they had to do was to say so and the management would refund the price of admission and, in addition, would give in cash ten times the value of the ticket. That night the theatre was crowded and, as everyone wanted to make as much as posstole, the exâ€" pensive seats were bought up first. Th#®show finished; then the orchestra stood up and played the Communist hymn, the, "Internationale." ‘"When it was over the manager appeared before the curtain to receive complaints, but who dared protest?" That Vipond has been able to imâ€" HOW THEY CAPITALIZED PATRIOTISM INX RUSSIA Porcupine United Closes $630,751 $7.80 $691,785 $7.78 Toronto Mail and Empire:â€"Ths Laâ€" bor Leader thinks Mr. Heaps of Nor.h Winnipeg got away on the wrong foot when he tried to tell a Toronto audiâ€" ence of labor men that hnigher would not mean better wages and more work. Mr. Heaps is like those fellows who tried to convince Canada that reâ€" ciprocity would enrich both farmer and laborevr. The recent price declines on the stock exchanges have effected the! purses of many people who naturally are chiefly interested in their own| fortunes, but the stock breaks have had | a wider effect than that .For example| the gambling centre of Monte Cartc| The winners of this great i gambling centre have approached their bankers for a loan of $5,000,000 to make 1 unprovements to their properties, but the application has been rejected on the | : ground that "gamblers toâ€"day prerer' the stock market to roulette." The| official organ of the Vatican, Osservaâ€"| tore Romano, also comments on the| evils of stock gambling and refers Lc, the New York stock exchange as hayâ€" Ing dimmed the fame of Monte Carlc and that the "fatal roulette" has been moved from Monte Carlo to Wal Btreet. 9 Mos. All 1929 1928 Tons milled .:............ 140,330 256,331 Mecovery ....;............$1,215,720 $1,031,113 Per ton o $8.66 $7.14 Daily mill average .. 520 732 A comfortable phase observable in these figures is a boost in everage reâ€" covery. In a current news story deâ€" tails are offered of recent favourable developments minewise. The mainâ€" taining of higher tonnages as a result may be forecast. Concurrent improveâ€" ment in grade is significant. FARâ€"REACHING EFFECT OF THE STOCK MARKET CRASH 9 Mos. 3rd Quar. 1929 1929 Tons milled ... 251,010 85,540 Mecovery ........:......... $8,1717,032 $1,2405,206 Per :ton . $14,81 $14,85 Average daily 8 ... aSHCMHTMHTH Daily mill average .. 520 732 Teckâ€"Hughes in the third quarter shows a fair level, while maintaining grade close to $15 average. The perâ€" formance under existing conditions with exploration and development proâ€" gramme paramount should satisfy. Wrightâ€"Hargreaves Improves 9 Mos. All 1929 1928 Tons milled 140,330 256,331 Recovery ................$1,215,720 $1,831,113 Per ton o $8.66 $7.14 Daily mill average .. 520 732 Lake Shore‘s threeâ€"quarterly output figures are impressive and place the mine solidly in second place in the Canadian gold production columns. ; Sylvanite Slips 9 Mos. All 1929 1928 Tons milled 69,791 TiGCOVErY: : $132;,8606 $0.91 $10.50 Daily mill agerage...... 206 200 As expected, Sylvanite‘s per ton re_ covery has suffered in recent months accountable for in physical terms by the wide distribution of exploration and development effort. Development ore from several sources has disturbed the even tenor of mill heads. New ore near the T. O. B. line promises to remedy the existing condition. Nothing New on K. L. G. 9 Mos. All 1929 1928 Tons milled s BC 57,883 Kecovery .....................$2066,317 â€" $412,647 Per LCO 4ss $6.53 $7.13 Daily average ... 150 164 New ore . conditions at Kirkland Lake Gold are not reflected in the above figâ€" ures, A considerable improvement would be required to meet 1928 income. It would be possible to feed high grade in quantity which would have the reâ€" sult, if such is desired. Since last proâ€" duction figures were published the ore outlook has greatly improved, which is the main consideration. have | Tons milled Recovery ... Per ton ........ Daily average Mill average ......... Gradually Barryâ€" Hollinger figures are approaching healthier averages in values. Tonnage is now above what the nine months‘ daily average indiâ€" cates. Improvement in ore position at bottom levels of the mine is reflected in recovery. Tons milled Recovery ... rer: ton.;...:. Mill average 9 Mos. 6 Mos. 1929 1929 Tons milled . . . _ 28,289 18,123 rHecovery ..................... $129,200 $77,956 Per. .. $4.30 Daily milling ............. 105 100 West Dome persists despite any visiâ€" ble improvement in production figures. The income can hardly meet costs. Barry Creeps Up prove on its six months‘ showing is gratifying. The recent annual stateâ€" ment, outlining results obtained in exâ€" ploring near the Hollinger line, lends direct interest to future Vipond pro_ duction figures. From present indication the mine will produce about $150,000 more than in 1928. Lake Shore Impressive Teck Climbs Again West Dome Static ._314,234 $4,645,365 $14.78 1127 9 Mos. 1929 14,592 $89,064 $6.19 All 1928 23,660 $111,359 $4.83 1st Huntingdon Gleaner:â€"The nurses wh> inspect the children at Kingston, Jnt., schools applied to the Board of for power to give small boys 1 bath when they ‘required it. The »oys objected, and in this they were Tiven theo moral support of the teachâ€" ~‘rs. The members of the Board, reâ€" membering the days of their youth, the permission, declaring that he home is the place for such operaâ€" tions. ‘armer in this new territory, it is graâ€" ifying to learn that those already on the ground are laying a sound foundâ€" rition upon whith this great addition to Canada‘s basic industry may be fimly established. Toronto Globe: Farmers in the North country are taking their occuâ€" pation seriously, and applying business principles to the tilling of the soil. With this in view there has been formâ€" ed the Temiskaming Board of Agriculâ€" ture, with prominent men as officers. Representatives from the various townships and unorganized districts attended the organization meeting, and keen interest was evident. This Board of Agriculture is an outâ€" come of a local committee which has been in operation for some time. The objects of the Board are defined as ‘"promoting the advancement of coâ€" marketing on a quality basis, ‘he grading of farm products, the adâ€" vancement of district agriculture, and a programme of advertising of Temisâ€" kaming products." Nothing but good can come of this venture. The local pride of the agriâ€" sultural community will be stimulated, and each farmer will do his utmost to establish for the products of the North he highest standard possible. By this way, this North country appears to be forging ahead in a manner that older Jntario does not realize. Minerals do not comprise all the wealth of this favoured land though mining developâ€" ment has attracted the lion‘s share of ittention. Others than â€" mining nrospectors have been spying out the land, and discovered that there are ‘ast arreas preeminently adapted to igriculture. Hon. William â€" Finlayson, whose enthusiasm for this great North *cuntry is unlimited, has declared that "200 miles north of Toronto lies the zreatest source of agricultural wealth in the Dominion." In view of this, and oOcking toward the tremendous possiâ€" jllities which the future holds for the Shop Early â€" 22 Shopring Days Before Christmas SEES GREAT AGRICULTURAL FUTURE FOR THE NORTH LAXD ‘INVI e i NCTBLE in name and quz!mi,, ~ _ oFIIABLE . e advancement of coâ€" eting on a quality basis farm products, the adâ€" district agriculture, and f advertising of Temisâ€" lhe 0/2/ exira you gel 15 extra auality _ â€" UumTEC HAMILTON Are youn tofmented with the agony of a burning itching skin which seems to deofry reâ€" lef? Havre you the sores, cerusts, eruptions, bemishes, of skin disease? Try the pure coo!â€" Ing liqgnid D.D.D. Jt penetrates the skin. soothing and healing the irritated tissues. A 85¢ bottle proves its meorit‘ or your dmmi::‘t ves your money back., D.D.D, means skt calih, [(Useonly D.D.D. Soap,) Skin Sufferers Iry This Test GoOLDp MEDAL COFFEE A Pure Antiseptic Treatment " Y ou‘ll drink it again" MOISLEY BALL

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