Ontario Community Newspapers

Porcupine Advance, 14 Mar 1935, 1, p. 5

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The effect Oof the premium on gold is seen in the annual report of the Ontario Bureau of Mines, which disâ€" closes that the quantity of ore treated n <the gold imines of the province increased from 5,621,517 tons in 1933 to 6,504,835 in 1935. Figured at the old price of gold the value would have been $1,024,918 below that of the previous year.. The advance in gold has enabled the mines to treat ore of a lower grad>, thus lengthening the life of the mines and the communities now dependent on the industry. Ontario Mines Handle Big Tonnage Increase THURSDAY, MARCH 14TH, 1936 Seott Turner Lt-.d. Newcutleâ€"upon-Tyne. Eng Mistributed in Canada by MoCGillivray Bros. Limited, Toronto. _ 5: Small Tin 35¢, Large Tin 60c, Extra Large Bottlg 750 Tlhey may call him "Gooty,° Dut soutlnpaw himself far from "Goofy" either when tocin American League batsmen or facing New Yo megotiations. Back from an Oriental tour, I fine record last year and demanded more ; Yankees submitted an initial offerâ€"and got Vernon, was formerly the musical comedy sta Rolls a cigarette like a Ready Made BLUE COVER â€""EG YPTIE N The FINEST parers in tHit FINEST soor Gomez Has Signedâ€"Batters Beware MK, AND MRS. VETF ‘ eéither whien men or facing New ° om an Oriental tour and demanded mor ginal thin The sum of $37,227,480 was paid in dividends by the mining companies of Ontario0 during the year 1934, the gold producers contributing over twoâ€"thirds of the total. The record is as folloOws: Gold $26,841,466 Nickelâ€"copper 10,126,014 Silverâ€"cozalt 260,000 T‘o $17.18; at Porcupine if was $8.50; Matchewan $6.13, and Northwestern Ontario $4.82. In this connectitcn, says the report of the d4epartment, it is of interest to note that in the Transvaal the record for 1934 as compared with 1923 shows an increase in tonnage millâ€" ed of nearly eight per cent. but a deâ€" crease in grade from 5.844 to 5.150 dwt. per ton of ore or almost 12 per cent. During the calstndar year ecight mines repcorted prcduction from Porcupinge, while four properties carried on partâ€" time cperations. Ten were active in Kirkland Lake, three in Matachewan, and 18 in Northwestern Ontario. $17.18; at Matchewan Ontario $4.8 the report ot It. Mrs. Gon tar, June O‘Day rk Let 480 DIVIDENDS PAID BY OQONTARIO MINE® 1A l has proved against opposing officials in salary one glance at his e held out when Gomez seen with np NU ) to supply the average value last vear WwWas ducin $37,227,1480 study of the past and of the present indicates that there need be little apâ€" prehension on his score. For thousands’ Of years gold has been considered as a metal of great value which does uot‘ in Canada were won in the six months perioq ending March 3lst, 1934. From time to time fears are ¢xpress ea regarding the future Oof gold. 4 Early in 1934 the United States estabâ€" lished a price for gold of $35.00. With the increased price of gold and particuâ€" larly with defacto stabilization at $35.00 which removed a considera‘ble part of the element of uncertainty, the whole ecomonics of gold mining was changed. ;The increased price of gold was in a large measure used to convert low grade material into ore, which,is shown by the drop of 22 p.c. in the averag»> grade of ore treated between 1932 and 1934, thus materially lengthening the lives of the mines and the mining comâ€" munities. Not only this but a tremer.â€" dous impetus was given to prospecting and the development of new properties, with the result that more new milling plants were started or put into operaâ€" tion in 1934 han in any time in the history of gold mining in this country.| Profits were also greatly increased but in my opinion the maximum profits per ton that we are likely to see realized 1932 1933 1934 Increasei $2,657,160 $3,786,686 $6,762,203 300 p.c. Taxes per Oz $1.29 $1.99 $3.56 ’ iTaxes, per fon â€" 59c Slic $1.34 | It is estimated that operating at the same rate, and with no change in the tax rate or basis of depletion, t11e:50| same mines will pay $850,000 more taxes | in 1935 than they did in 1934. In at least one Northern Ontario mine taxes last year were over $2.25 per ton and for every dcllar paid for wages 83¢ was paid in direct taxes. Levies on this j scale, which impinge directly upon working costs, are bound to have an adverse effect upon the industry, which has in fact been manifest since the bullion tax was imposed about a year ago. Taxes Increased Total direct taxes not including cusâ€" toms duties, sales tax, etc.:â€" It will be gentgrally found that inâ€" cluding purchases Oof new equipment forca pital account, other expenditures. exclusive of taxes, head cffice expenses and purchase price of properties, will practically equal wages. This means that the gold mining industry alone, excluding byâ€"product gold producers, paid $47,000,000 for wages, supplies and services, which is a most important conâ€" tribution to our naticnal economy. ‘ Taxes are also an important item, important not only in amount, but bc-!‘ cause they constitute a large and unâ€"| controllable item in the cost of producâ€" ticn. For these figures we must again go to Ontario, which at the present time is the only place where they ars availaible. The following table showing the ‘taxes of the seven Ontario gold mines subject to the bullion tax, indiâ€" cates the rapidly mounting cOsts of these imposts. : Mine Wages High The records of the Ontario Workâ€" men‘s Compensation Board of the averâ€" age weekly earnings of all claimants, which should be a fair basis of comâ€" paristcn for the average earnings of all employees, show that the average for the mining group was 30 p.c. higher than for any of the 23 other classes of industry in the province. It is rather difficult to determine the wages paid by the gold mining industry but we estimaite approximately $23,500,â€" 000. This of course is only for the golid mines and does not take into considerâ€" ation such mines as the Noranda and Hudson Bay, nor does it take into acâ€" count a considerable amtcunt of wages paid out by exploration and developâ€" ment companies‘ and for prospecting. In Quguec the Noranda was responâ€" sible for the major part of the producâ€" tion and in Manit¢ba the Flin Flon and San AntOonio were the mcost important factors in the preduction of that proâ€" vince. During 1934 Canadian gold mines treated more tons, employed more men, bought mere supplies, paid more wages, paid a higher average rate cf wages, and paid more taxes than ever before in their history. Increases Shown in Gold _ _ and Silver Production amounted to 2,964,395 ozs. valued at $102,242,481. This represents an increase of 15,100 078. in quantity and $17,692,244 in valuc. The increase in ounce production is particularly gratifying in view of the general decrease in the average grade f ore treated. The only available figâ€" ures for 1934 ~regarding decrease in rade are from Ontario and these show hat for the first nine months of 1934 he average recovery per ton was .324 z. cocmpared with .383 oz. for theâ€"corâ€" esponding period of 1933, a decrease of wver 15 p.c. M It is interesting to note that this perâ€" *entage decrease in Ontario is the same _1s on the Rand in Scuth Africa, for he same period. O the total Canadian producticn: (1) 71.25 p:c. came from Ontario (2) 13 p.c. from Quebec (3) 9.67 p.c. from British Columbia (4) 3.36 p.c. came from Manitoba. Of the Ontario production 97 1â€"2 p.c. ‘ame from POorcupine and Kirklandi Lake, and was almost equally divided setween the two camps but with Kirkâ€" Aand Lake occupying the leading tion. There was, however, a marked difference in the reccvery per ton, beâ€" ing .256 oz. per ton in Porcupine, and 907 oz. in Kirkland, so that with a little over 35 p.c. of the tOotal tonnagel of the two camps, Kirkland produced more gold than Porcupine. (By G. C. Bateman, Secretary of th Ontario Mining Association) Quantity and Values Irproved in 1935. . Enlarged Operâ€" ations Account for Gain. Porcupine and Kirkland Reâ€" sponsible for 97; per cent. of Ontario‘s Gold. gold to_ 2,1 1 productio: 964,395 ozs. TAÂ¥ > valued THE PORCUPINE ADVANCE, TIMMINS, ONTARIO suggesting tons along bait. Fish have been caught with worms and a bent pin for a hook, flies of varied hues and all sizes and shapes, bugs, beetles and what have you, but along comes a hardy angler up on Lake Simcoe, in Ontaric, and catches fish through the ice with a pearl shirt button, according to information reach â€" ing the Fish and Game Department of the Canadian National Railways. Next time you happen to forget your flies or other bait, or the doggone fish won‘t bite, just slice a pearl button off your shirt or whatever other part‘.: of your clothing happens to be hung toâ€" gether with a pearl button and use it. We might add to this piece cf advice by suggesting you include pearl shirt outâ€" tons along with your flies and other Eighty per cent. of Canadian producâ€" ticn is »yâ€"product silver. While there has been some revival of interest in the straight si‘ver mines it is doubtful if the increased price will have any maâ€" terial effect in increasing production from this scurce. of ‘1934 was 46.07¢c, with the price at present being about 58c. The Canadian production comes principally from British Cclumbia, Onâ€" tario, the Yukon and Manitoba, in the ord¢r ~amed. Using Shirt Buttons as Fish Bait on Lake Simcoe depreciate with time or use. During the past seven hundred years, there has been an average yearly appreciaâ€" ‘tion in price of approximately one per cont. or 700 p.c. in the 700 years. A year or more ago when countrics were cne by one leaving the gold stanâ€" dard the demand for gold was greater than ever, and in order to obtain gold on the London market, which was the only free markes left at that time, purâ€" chasers were paying a premium over the Bank of France selling price. While in couniries such as England the price â€"I gold will fluctuate in terms of curâ€" rercy, there does not appear to be any economic reason for an increase in the United States price cof gold in the near future and there is much less reason to expect any decline in price. Silver Output Rose Silver producticn for 1934 was aypâ€" proximately 16,200,000 ozs., an increass of about 1,000,000 ozs. over 1935. Th» average price in 1933 was 34.73¢c, while the average for the first nine monthis Imperial Motor Sales, Distributors, 59â€"61 Third Avenue, Phone 3, Timmins Vz RIPRSTPRCAM the increased visionâ€"all are retained! YOU can read a newspaper or write a letter when travelling at sixty miles an hour in an Airflow car,. The new radiator design on the Airflow Chryslers . . . the new louvre design . .. the new headlight treatment ... the new radiator grill .. . are all thoroughly in the functional spirit of true Airflow design. A new type of spring permits quick flexing on little jolts; controlled flexing on big ones. Automatic overdrive, standard on the 1 HE Airflow Chrysler has had a hundred million miles of driving by enthusiastic owners. The new Airflow Chryslers have all the modern features which aroused so much comment last yearâ€"refined, of course, and enhanced in value. The drawingâ€"room spaciousness . . . the seats wide as divans . . . the doors like house doors . . . passengers carried beâ€" tween the axles near the centre of balâ€" ance . . . the unit frame and allâ€"steel body, SAFEST IN THE WORLD . . . S I’;L”(/J en g/f// Porcupine Hardware Furniture Co., Dealers, South Porcupine Toronto â€" age isn‘t what ton, eithe: necessary | "hcoey‘‘ an ago made several visits to Nor: Rouyn, as the representative 0 Ontario insurance company, somewhat spectacular methi ceeded in placing quite a larg of business here, was sentence ronto on Monday to two years ston penitentiary for kecepin due to clients. It is now alle Allen‘s business in the twin c not all been satisfactory, and 7 learns that one man who pai mium of over $100 has not yvet his policy. His methods were 1 and in some respects irregula is believed that if the facts we: there are a number who hav to regret their relations with ] of which goes to prove again public would do well to be guard against highâ€"pressure â€" who are known to them. T locally many reliable agents established Canadian insuran panies who cam be depended deal fairly and honestly wi clients and give them ethical pendable service." The Moral is to Deal with Local Men who are Kknown tlOn aAre v: April 30 tc rates durit In the ccunt general provisio:; March 18 and e in the district of koka will open A The depu period duri: trappers‘ lic and fisheries anno details of the ope: in the province. In the section French and Mailta exception of folk, Haldimand. Wentworth, Brant and Lambton coun of Parry Sound an son will open Marc Deputy Announces the Muskrat Season The Rouy o Globe:â€"P what it used rer, when l y resort 1 and "haywire Stewa li1censes valid ha several vi the repre provid fF=tniIs â€" preéesentative 0 ce company, tacular methi g quite a larg , was sentence y to two years y for keepin It is now alle for Keeping + It is now in the twin citit T seX ind Airflow Chryslers, changes gear ratios automatically at 45emiles an hour . .. lets you drive 60 miles an hour on less gas than 40 . .. gives you the most miraculous thrill in country driving. New perfected steering . . . so sure and effortless that these big cars handle like a Plvmouth. W e‘ll build All its WHAT AIRFLOW BRINGS TO AIRSTREA M Musk ind ‘The ng im T he Airstream Six 10d him.> ~â€"Al that th on thei outsider d _preâ€" , received unethical and «1t re known e volum d in To in King x mone asnin find nd that has All A J No O.C nd changes gear rati0s »miles an hour . .. iles an hour on less ives vyou the most cars that same aArea, several tons belit by air today. There is a m within a comparatively sh of the location, but this i There freight bury for pil¢ Much Interest in New Gold Strike on Quebec Side 1J ry over the air roule. On Monday night 14 m wn from the Mcelntvre, RY 11 Are you making steady and definite progress towards financial security? It is in your power to do so through a National Life policy. A. D. DesRochnées Manager for Narthern Ont Roam 8, Gordon Block, @Qn?2INMNCC n Tu s a considerable quantity o ing handled through Hailey he Coniagas operations in thi , several tons being in trans. ay. There is a motor roard t ransported the crew to their m. The machine made two the men and their baggage, the second trip shortly after ASSUVRANCE COMPANY OF CANADA 1VC 11 Hailey Queb the thou Syncro give a ride beyond any cars at any price except the Airflow. More headâ€"room, legâ€"room, elbowâ€"room and seat width. Wider doors. These are the Nrst moderateâ€"sized cars the world has seen that will let a grown man of woman get in or get out through either front or rear doors comfortably. Tapered spring leaves like the Airflow. AanC the Yes, the rear seat has been moved forâ€" ward. Engine forward, too, to get a more scientific distribution of weight . Airflow pion¢ered it last year. With thns new distribution of weight the Airâ€" stream Six ind the Airstream Eigcht prices VTapered A j Head Qffics fAvit it seat first 11 notor rord to hort distance is not being Side mile TL C sprin y ilent ts 1V Airflo w A\ 1 1J flo it bo Regina Leaderâ€"Post:â€"Little Gloria Vanderbilt has been awarded $48,000 fOr her upkeep for 1935. It is suggestâ€" ed that this should be plenty if she goes without a hat. to the original discovery. So far as could be learned here the crew of men who went in yesterday wiil be engaged in shaft sinking on the Mcâ€" Intyre holdings. It is said that diaâ€" mond drilling has brought encouraging results. n 1¢ intages at lower M a uj TCRONTO rn the location. lFinally, he up a map that had been lost on ‘et in Rouyn which showed the of the district around Mud Lake got a hunch that this was where 1 had been made. He got there possible speed and was in time ‘e a large block of ground close Stirling, Representative Timmins, Ont. Airstreaim th Airflo Airflo that the district is revealâ€" y rich ground in the short »velopment was started by ipanies, although nothing een given out here. The s the first on the ground, id an interesting story is unds concerning the entry vyre people. It is said that he latter had got wind of hile in Noranda, but could e location. FPinally, he with dded )r traflic, although some iken in by truck earlier in rld

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