Ontario Community Newspapers

Porcupine Advance, 11 Nov 1937, 1, p. 6

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

cre basis and several of these will be of 500â€"ton or better rating. A number of other gold properties are responding to development in a manner suggestive of mill thought and it may be porsible that 1938 will azain come through with an equal number of nsw plants. There is also the chance that several new Mill building this year has been on a substantial basis. Not cnly have .14 new plants aprsared but their initial tonâ€" nage is, on the average, higher than in previcus years. Moreovar, a number of producers have added impcrtantly to their capacities in the pericd. Also the review, as at Septembeor 25th, shows a ‘larger number of mills under construsâ€" ticn and prcoovossd than in any other Whether cr not the ccuntry can maintain its 1937 pace in mill construcâ€" tion is a question.. True, there arse at this time six mills pro posed on a sound The daily milling capacity of these plants is 47,505 tons. A large numiber of mines produce gold but are not conâ€" sidered to be gold minss. For example, Internaticnal Nickel ard Consolidated Mininz and ESmelting have sizable gold cirtput, as has Norarca; in fact the latter is well up in the> ranks of the goid produceérs tut is ra‘ed a coppsr mine. (From Annaul of The Northern Minci) Canada now has 128 go‘d mills in operation with 13 additicnal plants unâ€" der construction and sizht proposed. There are also 23 propertiss equipped with idle mills. Ontario leads the way with 55 preduzers and Pritish Columbia is second with fortyâ€"ore. « Canada Will Have 141. Gold Mills by End of Year There are 128 Gold Milis in Operation in Canada Toâ€"day. Ontario Has 74 of These Gold Mills. Daily Milling Capa- â€"city of Canada‘s Gold Mills Totals 47,505 Tons. EMPIBRE BLOCK Third Ave. Timmins Dr. E. L. Roberts GLASSES COST NO MORE AND ARE FITTED WITH PRECISION. ROBERTS YOUR CHILDREN MAY NEED GLASSES the only cculist (eye physician) in the Porcupine district. Optical Dept. by a physician. A proper examinatison can only be made by the use of drops which put the eye at Take them to Membersr {Foronto Stook STOCK BROKERS Timmins, 19 Pine Street North Toronto Kirkland Lake 293 Bay Street 34 Government Rd. Commision basis only: Local Phones 1200 and 1201 Market Quotations broadcast each day at 12.20 neen and 5.20 p.m. Direct private wires for fast and accurâ€" ate quotations and execuntions in all Markets and Executions in Unlisted Stocks Mining Stocks: Industrial and Public Utility Stocks Bonds .............. The following table shows the operat~â€" ing and idle mills, those under construcâ€" tion and proposed, as well as those curâ€" many mills, while installing moderate capacity plants for start have made space provision ior hmases at moder- ate cost. ‘ Total for Canadaâ€"Opersting, 128; idle, 23; under construction, 13; proposâ€" After the Porcupine camp flowered and Kirkland Lake‘s big mines struck their stride there was a period of years when new gold mills stuck pretty well to 100 or 150â€"ton capacity. That was in the days of $20.67 an ounce for gold. With the ‘coming of the $35. price the sitration changed. A number of proâ€" pertiss have been opened in the past few years which were in the uneconâ€" omit class previously and, as the grade is on the low side, larger units are reâ€" quired. Thus we find the trend turing The prospect for 1938 production of gold is excellent. Not only will the new plan:s contribute important quotas but to these must be added the ircreased flow from the enlarged existing plants and the proeduction from such mines as Waite Amulet, Normetal Mining Corâ€" poration, Sherritt Gordon,. Aldermac, Granby and Copper Hill. Stepping Up Cuipgu:; It is pleasing to note that companies which have been operating mills: for scme time are now enlarging them. Notable instances are Coniaurum which was at cne time given up as a bad ‘job, ncew going to 600 tors daily: Pamour which is doubling its rate to 1,500 tons; Lamagque, stepping up to 1,000 tons from 500; Sylvanite, adding 50 tons. In the Athabaska Lake area Consolidated Minâ€" ing and Smelting is starting with 1,000 tens capacity and it is common knowâ€" ledge that the ore deposit warran*s A mill five times as large. A starting rate of 700 tons is planâ€" ned for Bigâ€" Missourt (Buena Vista), an unusually large initial operation. Hallâ€" nor, Noranda subsidiary in Porcupine, will shortly announte a sizeable plant, 1t is anticipated. Preston East Dome is to start at 500 tons. The Malartics, Eact and Sladen, are tonnage proposi ticns, as is Kerr Addison. mills now idle may resume operation. In 1931 Canada had 30 gold mills and preduction from all sources, including nickel, iccoper, zinc and lead mines amcunted to 2,693,882 cunces. In the first half of 1937 the ov:put was 1,966,â€" 716 ounces and it is probable that the whole year will report 4,200,000 ounces with an estimated valuation of $147,â€" €8¢C,C0OC. Also, ;that l Central Manitoba Mines (x) Stadacona Rouyn Mines . Sullivan Consolidated ... Thompson Cadillac Mining Wahu Mines . ; COIFNOP 222 in e 150 East Malartic Mines (d) .................... 500 Jacola Mines (x) .................. c 150 Lamaque Gold Mines ( h) Lapa Cadillac (d) 250 McWatters Gold Mines ... .............. 100 O‘Brien Gold Mines®.... ... . 150 O‘Neilâ€"Thompson Gold Mines (x) 25 Perron Gold Mines ... ... ......... 350 Pan Caradian (d) ................. 60 Randall Mincs Corporation ... 50 Sshawkey Gold Mining ............... 170 Sigma‘ Mines (Quebec) ........... .. 500 Siszoe Gold Mines ....... _._..... C090 Sadenâ€"Malartic Mines (e) ... 250 Stadacona Rouyn Mines ... ...... . 375 Sullivan Consolidated .............. e 150 Thamnson Cadillac Mining .. ... ... 200 Providence Gold Mines ............ Relief Arlington Mines ... Reno GCc:d Mines ............. Reward Mining (Surf Pomt) Sheep Creek Gold Mines .......... Silbak Premier Mines ... Skidgate Gold Mines (x) ...... Surf Inlet Consoldiated .......... Utica Mines (d) ....................... Vancouver Island Gold Mines Velvet Gold Mining ... Vidette Gold Mines ............ 7. Wayside Consolidated (x) ...... Wiesko Mines .. i Western Exploration ................ Wileox Mining Syndicate ......... Windpass Gold Mining .......... Â¥mir Consolidated ces YÂ¥mir Yarkee Girl ......0.0..0... Buena Vista .................... 700 Cariboo Gold Quartz Mining ... 250 Dictator Gold Minss ........................ 35 Durango Gold Mines .................... ... 100 Esperanza Mines ... esd n 35 Fairview Amaigamated ............. ... 150 Forshaw, R. (Brooklyn) ... h en 50 Gold Leasers Ltd. ... ... 25 Go‘:d Mountain Mincs (x) ............. 50 Greenbridge Gold Mines (e) ......_... 100 Hedley Mascot Gold Mines ............ 175 Home Gold Mining ... 15 EIsland Mourtain Mines ................ 150 Jenny Long Mines ... oo m s 39 Kamlocps Homestake Mines (x).... 50 Kelowna Explcration CoO. ... ........... 200 Koctenay Belle Gold Mines ........... 125 Kootenay Ore Hill ..............0..0..2.20.. 15 Livingstore Mining Co. ... ... 80 McAr‘hur, W. E. (granby) ... 50 MzCarthy, J. F. (Union) ... 200 Minto Gold Mines ... e 125 Osovoos Mines (h) ... yfi 750â€"â€"715 Arn‘tfield Gold Mines Beattie Gold Mines ... Be‘leterre Mines ......... Canadian Malartic ... Minto Gold Mines . Osoyoos Mines (h) . Ficneer Gold Mines Bayonne Consolidated ...................... 50 Teckâ€"Hughes Gold Mines ...............1,300 Toburn Gold Mines ............. ... . 150 Tombill Gold Minss (e) ................. 100 Wendigo Gold Mines ... 90 Wrightâ€"Hargreaves Mines ................1,200 Youngâ€"Davidson Mines ............. ...... 950 British Columbia Lebel Oro Mines . Leltch Gold Mines ... ... . Little Long Lac Macassa Mines .. Mace Gold Mines (V}pond) MacLeodâ€"Cockshutt (e) ... Madsen Red Lake (d) ... ... Matachewan Consolidated ... ........ McIntyreâ€"Porcupine Mines ........... 2, MoKenzie Red Lake ... ... ... Minto Gold Mines ................ Monet Porc:upine Mines (e) Morris Kirkland ... Naybob Gold Mines ... ... ... New Go‘den Rose Mines .. Northern Empire Mines ... North Shores Mines (1936) ... Omega Gold Mines ................. Ramour Porcupine Mine (h) Parkhill Gold Mines .............. Paymaster Corsolidated . Pickle Crow Gold Mines ... Preston East Daome Mines (d) Red Lake Gold Shore Mines . Raven River (g) . Sand River Go‘d Mining ‘e)...-:..,.,. Shenango Gold Mines . Smith, Dr. 9. B. (x) ... ... St. Anthony Gold Mines ...._._...._.. Sturgeon River Gold Mines Sylvanite Gold Mines . 500 725â€"725‘ .......... 13 . 500 400 ... 500 . 150 50 70 .......... 50 i Tashota Goldfields ... e Howey Gold Mines ... . . 1,500 Hudsonâ€"Patricia Gold Mines (x) 50 Jâ€"M Collidsted Gold Mines 100 Kerland Gold Mines (x) . o Kenor‘a P. M. (x©) .. j ....... â€" 00 Kerrâ€"Addison Gold Mines (c) ... . 500 Kirkland Lake Gold ... 200 Lake Shore Mines .. ... Pn Quebec 1.800 . 100 TBE PORCUPINE ADVANCE 150 125 the new feet sou: level, an 1,600 60 # C A #% Flin Flon Gold Mines (d) ............. 100 Northwest Territories Consolidated M. 8 (L) 106 Athona Mlnqs (1937) (x) ... 15 Consolidated M. S, (e) ................. 1,000 Anyway, his comment, given with a smile, was: "Go home quietly from a party next time." Case dismissed. $ Nugo‘:d Mining (x) Otter Lake Gold Tuesday‘s Police Court Another small docket was handled on Tussday here by Magistrate Atkinson. Two men were apprehended for causing a breach of the peace in Schumacher at halfâ€"past four in the morning, by shcuting and disorderly conduct. The policeman testified that by reason of a telephcne call he went to the placeâ€" cutside the bank of Commerceâ€"and follewed thrse or four men into a restaurant where the men were sumâ€" moned to appear in court. The Magâ€" istrate heard their statement. They were returning from a party, and were laughing loudly over some joke that had titckled their fancy at the party. As three of the men had strong Scotâ€" tisch accents, the Magistrate caused some amusement by inferring that the Scotch idea regarding a joke and the length of time it takes to penetrate might have had something to do with the hilarity on the street. Mrs. Harrison, of Toronto, was visitâ€" ing her mother, Mrs. S. Jones, of Comâ€" mercilal avenue, and her son, over the wesckâ€"end. - Mrs. Theodore Huot of Pembroke, wag visiting her children, and Mrs. Jos. Huot, last week. R Mtr. W. G. Skinner, member of Boy, Sccuts asscciation committee, thanked the patrons of the day and especially‘ wished to thank Mr. D. McLellan for his fine gift of four dozen cups and saucers for the Scout hall use; also Mr. Levi Saunder for kindly covering the hall with fire insurance for one year. Those gaining bridge prizes were:. Ladies‘ first, Mrs. Hubert Doran (flower stand); Mrs. Allan Pearce (cup and saucer). Mr. W. H. Johns won two packs of cards as first prize, and Miss W. Naish (playing as a man) won brush in case. Mrs. Lincoln Kempton, of Los Anâ€" geles, is visiting her brother, Mr. Joseph Husot, and will stay the winter in South Porcupine. In the evening a mixed bridge party was held. Eight tables were accommoâ€" dated ard a very nice evening was enjoyed by all. A fire‘in the stone fireplace added to the cosiness of ,the logâ€"built hall, and the lanterns gave a quaint touch ic the general effect. 1oss, as a souvenir. It was quite a sucâ€" cess. The hall is admirably suited for teas and cardâ€"parties. Tables were set up and daintily. eduipped for tea, and several ladiesâ€" mcothers of Scouts and Guides, and cthers interestedâ€"took charge, served tea, and presented each guest with Formal Opening Yesterday with a Rose Tea and _ Bridge. Scuth Porcupine, Nov. 10th. (Special to The Advance)â€"The Scout hall was: officially opened today (Wednesday): with a Rose tea and bridge party. c of Mr. McCrea‘s statements indicates another feature of the industry that is, too cften overlooked. "This extraorâ€" dinary development of mining furnishâ€" ed Canada with a new national indusâ€" tryâ€"that of manufacturing mining equipment, which at one time was nearâ€" ly all imported.‘" In fact, the influence, of mining on Canadian industry and business in gereral enabled this counâ€" try, as Mr. McCrea also stressed, to. weather the depression years as well as it did." . Scout Hall Opened at South Porcupine "In Mr. Mc:Crea‘s opinion, the future of mining is assured. He sees genera-.. tion after generation of people of this province digging gold out of the rocky formations of the North Country. One "In his address before the Sarnia Canadian Club, Mr.. Charles McCrea, fcrmer provincial minister of mines, reâ€" vealed the fact that he is continuing his interest in the industry. During his term of cifics, Mr. McCrea was a cap= able, emthusiastic and optimistic admm- istratcr of his department. His energy was deveted toward development of the Frcvince‘s minrngral wealth, and he and the pecple of Ontario should be well pleased with the results. During his term, from 1923 to 1934, there was amazing progress in mining in Ontario. The following is an editorial 1’rom yvesterday‘s Gloke and Mail:â€" level, and 20.5000 tomns developed by drifting on No. 1 vein on the 400â€"foot lovel. Other short ore shoots on the 4C0 and 700â€"foot levels could readâ€" ily increase reserves to 500,000 tons. At the pressnt time the company is conducting milling tests with a 100â€"ton mill, ard has arranged for testing the mctallurgy of the ores to seek the best typ2 of equipment for a larger mill. E_ M S _ trict, an additional 42,000 tons of ore "Accounting for Gold Mines in Canrda‘ has besn added to estimated ore reâ€" khdppuredmmeoaobermmot serves, bringing total to 479000 tons.!the Bulletin, Canadilan Institu‘e of 'r"us mcluda probable 21,500 tons ln Mining and Metallurgy, gives an exâ€" @ the new No. 5 vein encountered m‘eenem- idea of how gwld ;mrms comâ€" feet sout h of No. 1 vem on the 400â€"feet : panies are kept constantly posted on Lo sls To d dn uo Hon. Chas. McCrea Has The Good Word for Mining hs a resuit of the past sumimer‘s work| E. D. Fox, secretary, Mc a: Naybob Gold Mines, Porcupine dis=jcupine Mines, Limited, in k.# â€"_% Naybob‘s Indicated Ore _ ©{Describes Accounting Close to 500,000 Tons at the Mcintyre Mines As a result of the past summer‘s work; E. D. Fox. bec #00000000000000000008000060000000000000010000000000000000000000000000000000800001 tentious lines, it will be due, not to any great improvement in French afâ€" fairs, but will be the result of recession in the United States. What if Gold Flows to Europe? According to a news despatch, the Fremth Finance Minister, M. Bonnet, is credited the statement that American gold will soon be flowing to France by the shipload. A New York Commentator has replied that, if the movement develops along such preâ€" Writing in The Globe and Mail yesâ€" terday Guy Morton asks two questions in the subâ€"heads on his letter. The first question ‘is:â€""What if gold flows to Europe?" The second is a companâ€" on query to the first ‘questton, the second heading reading:â€""Will the United States.fight for its gold?" The complete article, including the questions in the subâ€"headings, and the answers as Mr. Morton sees them, is as follows: the costs cf every phase their operaâ€" tions, which is of great assistance to ‘them in their endeavours to lower proâ€" duction costs. ‘The scheme outlined is an adaptation of the system in praâ€" tice at the Mcintyre mine, and emâ€" bedies reccgnizred methods of acscourtâ€" ing which have been in use over a What if Flow of Gold Starts Europeward? period of many years. _ The paper is presented in six parts the first deanng with incorporation, the second with the schedule of accounts, the third with progressive routine, the fourth with income and expense acâ€" the fifth with profit and loss ard balance sheet, and the sixth with central accounting at the mirie office, and dividgend disbursements. Will the United States Fight forâ€"Its Gold? The gold stage, as suggested here a couple of days ago, has recently gone through some rapid sceneâ€"shifting. The suzrny side is now showing. If gold shipments to Europe should reach the major stage suggested by M. Bonnet, holders of Canadian gold stci:ks might lcgically look for fome interesting acâ€" tion. The Amerizan bocm of last winter and spring resultsd in Eurcpzsan capiâ€" tal flowing to the United States for investment, With American business now retreating, the "mobille capital" reâ€" ferred to asove is now flowing back to One result is tha)t. ocfficial Washingtctn is no lorger called upon to take large supplies of gold and steriâ€" lize them at the expense of the treasâ€" ury. It was that constant stockingâ€"up of sterilized gold which started the spring talk that gold would be deâ€" valued. So a major step has already been taken in restoring gold to its old popular position. When a writer in the Wall Street Journal makes a concsession of that sort, Canadian stock market operators could do worse than give it atâ€" tention. If American recovery has been interrupted for an indetinite period, one quick reading seems toâ€"be that profit opportunitiee in Amsrican inâ€" dustrial stocks, except possibly in seâ€" lected lines, can hardly be particularly rosy for some time. So there arse two readings which can be taken from the rapid rightâ€"about in world sentiment which is row pushing up the price of gold overseas and is, at the same timg, pushing down the Ameserican dollar. 1: American industrials may not be buoyâ€" ant for some time. 2: Gold is ravnidly returning to its old position of â€" world popularity . Will the Unitsd States Fight for Its Gsld? Probably the more important point would be to know the extent to which the United States will, or will not, atâ€" temipt to cling to its gold. Only the. future can answer that ard answer, at. the same time, the increasing talk that the price of gcld will be raised by. Washington. In the meantime, the inâ€" dustrial recession in the States has alâ€" ready completely reversed the gold sitâ€" uation which resulted in the yellow meâ€" tal getting a millstone hung about its neck last April \ York writer. "First, because it is reoâ€" d that recovery in the United States has been interrupted for an inâ€" definite period, and, second, bscaust the immediate politizal outlcok in Europe appears less threatsning than it did." A Quarter of a Century . Telephones: OFFICEâ€"295 . RESIDENCEâ€"662 "*# GORDON BLOCK TLW For Twentyâ€"five Years I have been continuously en, gagetl in the business of General Insurance, représentâ€" fog all through those years the same timeâ€"tried comâ€" panies in Automobile, Fire and Life. I am working for my customers, and not for any particular company. DISTRICT AGENT FOR MANUFACTURER‘S LIFE INSURANCE CO. THURSDAY, NOVEMBER UTH, 1937 Anncuncement was made toddy that the Windsor hotel. formerly dwned by Eaptiste David, has beon sofd to a comâ€" pany, of whith S. Jossph Ji#tkson, is president and gensral madégéf Some weeks ago The Advance ‘réfsfred: to negotistions being concludéd for the sale. The now management ‘ Will enâ€" deavour to give the and ecmfort to guests for whi h ‘MF. David made the hotel noted. MY, Dajid left this week for Now York, nom where he will cmbark for France,..on the first leg of what may be a world Transfer of the Windsor _ Hotel is Announced: Now x2 c be proud of thi BRIDAL WREATH Convenient A Complete Selection of Christmas Jewellery SOUTH PORCUPINE Arrangzsd CRAWFORD e None finer...none more beautiful. © Delicately carved in 18 K white or natural gold. Five perfect diamonds: TIUMMINS @144

Powered by / Alimenté par VITA Toolkit
Privacy Policy