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Quarterly Statement of Mcintyre Porcupine Mines McIntyre Porcupine Minecs had net income, after depreciation, of $884,086, or $1.11 per share, in the three months ended Sept. 30, the second quarter of the company‘s current fiscal year, comâ€" paring witth $915,231, or $1.15 per share in the preceding three months. Net for the sixâ€"month period stands at $1,799,â€" 317, or $2.25 per share, against $1,7587,.â€" 121, or $2.20 per share, in the comparâ€" able period of 1937. Gross Income for the last quarter was $2,121,458, against, $2,168,538, making total of $4.289.816 for the six months, against $4,266.115 a year ago, an inâ€" crease of $23,701. Costs for the quarter were $1,041560, against $1,043,267, or $2,084,867 for the six months, against $2,002,333, a decrease of $7,466. Appropriation for taxes was $157,557, against $177,259, or $334,816 for the six month, against $339,448, a drop of $4,â€" 631: while depreciation charges were $38,216, against $32,600, or $70,816 for the six months, against $77,213, a drop of $6,3097. Option Taken on Shares of MacGregor Porcupine The Ontario Lecuritiese Commission states that by agreement dated October 5th, 1938, J. N. S. Dixon, Toronto, agreed to purchase 100,000 shares of MacGregor Porcupine Gold Mines, Ltd, at five cents per share, payable forthâ€" with, and received an option on 1,900,â€" 000 additional shares as follows: 400,000 shares at five cents each, 500,000 at seven cents; 11 blocks of 100,000 shares each at 10¢c, 12¢c, 15¢, 18¢, 20c¢c, 22¢, 24¢, 26¢, 28¢ and 30c per share, respectively. Payment to the amount of $2,500 is to be made within 60 days, to be followed by payments of $2,500 every 30 days for four months, then $3,000 every 30 days for three months, $5,000 every 30 days for the next seven months, $7,500 each 30 days for seven months and finally $10,000 every days until the option is completed. The company was incorporated on October 5th, 1938, under a province of Ontario charter. Head office is at 156 Yonge St., Toronto, The Premier Trust Co., Toronto, acts as transfer agent. Officers and directors are: Mrs. J. A. Thomas, Toronto, president and manâ€" ager; Jas. W. Ralston, Toronto, secreâ€" taryâ€"treasurer; Wm. A. Houghton, Dorothy Johnson and Jas. P. Manley. The company acquired the properties of MacGregor Porcupine Gold Syndiâ€" cate, in Whitney and Tisdale townships, Porcupine area, Northern Ontario, for 1,100,005 pooled shares. Authorized capital consists of 4,000,000 shares, $1 par, with 1,100,005 issued. Mining and Milling at Dome Hollinger and Mcintyre Main geological feature of the Porcuâ€" pine camp is the long contact between Temiskaming sediments and Keewatin lavas. The Dome deposits lie in both the lavas and sediments and occur along their contact, Both the ore and wall rock are strong, allowing the use of skhrinkage stoping which greatly simâ€" plifiecs imining opexyations, _ Approxiâ€" mately 76 per cent of the gold in the ores occurs In a course, free state, and is most easily and cheaply separated from the gangue by gravity separation on blamnket tables. Recovery of this part of the gold in the early stages of milling greatly decreases the time and cost of the cyanidation process which follows. Comparisons of the ore conditions at the Hollinger, Dome and McIntyre mines, and descriptions of the mining and milling methods at the three proâ€" perties appear in a paper by J. D. Hall in the October issue of the Bulletin, Canadian Institute of Mining and Meâ€" talurgy. The paper is among those awarded a prize by the Institute in its studentss competition, 1937â€"38, MoXpXky, CCToOBER MTH The Hollinger and McIntyre ores ocâ€" cur only in the lavas in a large shear wme, and in iboth cases much of the gold in the ores is associated with sulâ€" phides. At the McIntyre any coarse gold is trapped, following grinding, by unit flotation cells, and a concentrats is made by flotation, which eliminates the necessity for a large and costly cyanidation plant. Hollinger ores conâ€" tain less sulphides than do those of the Mclutyre, and a separation can be made on tables, the concentrate from which is then reground and cyanided. Edmenton. O¢t, 22. â€" A~swindler claiming to hbe from Sudbury, was sought by Royal «Canadian Mounted Police today after he had cashed $3,2300 in worthless cheques. ‘The man, police said, masqueraded as a Northermn Ontâ€" ario prospector en route to mining fields north of Edmonton. HMe allegedly gave a cheque for the purchase of a Edmonton Looking for Northern Prospector 2,400 house and then used the purchase of the house as evidence of wealth. Among other purchases through worthless cheques were an automoâ€" bile, clothing, prospecting equipment, rifle, oil, compass, mirror and topcoat. Only the house has been recovered. One of the swindler‘s victims said he had been shown a letter of credit by the man indicating hm had $4,000 in an Oontario bank. Huntin:zdon Gleaner:â€"Even "Brass Hats"® won‘t be able to get a drink at the Aldershot military camp, near Haliâ€" fax. in Nova Scotia. For the firsy time since the war, orders have been isstied that no ailcoilsolic iiquor of any kind muy be served in the camp. This apâ€" plies to every mess from the men‘s canteen to the staffâ€"officers‘ mess. The troops are speechless! Minister of Mines Pays Visit to Kapuskasing (From Northern Tribune) Hon. Paul Léduc, Ontario Minister of Mines, paid an unofficlal visit to Kapuskasing Tuesday noon. Nobody in town knew in advance that the minisâ€" ter. who is in the North on one of his periodical visits of inspection, would be coming to Kapuskasing, so there was no particular question to be considered 2s far as can be learned. He motored here from Timmins, and spent less than two hours in town, meeting Dr. L. A. Dupont and several others at lunch at the Kapuskasing Inn. Report of Dome Mines for First Nine Months of 1938 Report of Dome Minces, covering the first nine months of its current fiscal year, shows gross bullion production of $5,470.829, from 450,000 tons of ore millâ€" ed. Average grade was $12.15 perton. Grade of ore is holding steady, as ayâ€" erage for the first halfâ€"year was $12.17. Development, operating and milling costs showed a slizht rdeuction, standâ€" ing at $4,375 per ton, compared with $4.42 for the first six months. Estiâ€" mated operating profit is put alt $2,â€" 937.9171, which after, addition of nonâ€" operating profi, left profits for the first threeâ€"quarters at $3,183,304. Per share earnings are also holding steady, as profit for the three quarters stood at $1.63, compared with $1.08 for {the first half. "Isn‘t that lawyer a rather extravaâ€" gant man?" "By no means! I‘ve known him to make one suit last for several yrars." Life Insurance Agent: "Do you want a straight life?" Prospect: ‘"Well, I like to step out once in a while." Cilty friend to former banker relired to a ferm: "And is that man by the barn your hired man?" Farmer: "Oh, no, he‘s the first viceâ€"president in charge of cows." "Well, Mose, how is you better half this morning?" ‘"‘She‘s better, thankee, sah: but, boss, you shore is careless wif your fractions." .. Some Smiles BPe _ DL DWPA OO AP*% Aunt Irmaâ€"Albert, aren‘t you someâ€" times afraid that you‘ll lose control of the car? Albertâ€"Constantly, Aunt Irâ€" ma. I‘m three instalments behind alâ€" ready. * PPAAA PS PP PPA U «DPAAA LA P AL "Did Harold get anything under his rich aunt‘s will after pretending to be so fond of her snippy little lap dozs all those years?" "Yes,â€"she left him _ Holowyngeâ€"It says here in the papâ€" er that they are now making shingles out of concrete. Cryengeâ€"Then I take back what I just said about wishing I the lap dogs Old Salt (to visitor who has been out several times with him in his boat)} "Bit of a swell today, sir.‘" Visitor: "Nice of you to say soâ€"but you ought to see me on Sundays." Billâ€"What about the 15 shillings you owe me? Tomâ€"It‘s your birthday on Friday. I‘ll bring it to you with my congratulations. Billâ€"You just bring me the money and I‘ll congratulate myâ€" self." "You ain‘t one of them fellows who drop their tools and scoot as soon as knockâ€"off blows, are you?" "Not ime. Why, I often have to wait five minutes after I put my tools away before the whistle goes." After a long talk on the value of ppace, goodwill and disarmament, a teacher asked his class if they Oobjectâ€" ed to war. Boy: "Yes, sir, I Teacher: "Good, now tell us why." Boy: "Because, sir, wars make history â€"and I hate history." Some workmen when enzaged in exâ€" cavating operations. The usual crowd was watching, and one of them said to a workman, "My man, what are you digging for?" The workman looked up. ‘"Money," he said, briefly. The onlooker smiled tolerantly. "Money, eh?" he said. "And when do you exâ€" pect to strike it?" "Saturday," replied the workman, resuming operations. In its service to the community, Acton Citizens‘ Band is quite sure not to overâ€" look any feature. Until the present year its activities have largely been confined to Acton and in this the orâ€" ganization has done commendable work. This year the band has taken another step and gone into contest work. That progress im this line is being rapidly made there is ample evidence. The band which won over Acton at the Waterioo contest by two points was beaten by the local organization during the week by four points, with both bands playing the same selection in both contests. Acton band has lived up to its slogan â€" "Blowing forActon Since 1872." Citizens generally are proud of its slogam. "Blowing for Acton Since congratulations are offered on the latest success and the wish that still higher honours will be won. Sucdbury Star: A theorist declares the dollar should be an elastic unit. One that would snap back into the pocket, after being paid out, would just suit boy again BLOWING FOR ACTON (Acton Free Press) In Thursday‘s issue of The Advance special reference was made in a front page article to the request made by Sudbury for the completion of a highâ€" way between Timmins and Sudbury. This request was being pressed very strongly on the provincial government and Timmins and other towns in the North were asked to add their requests to that of Sudbury. ‘Timmins board of trade and the Northern Ontario Asâ€" scciated Board of Trade have repeatedâ€" ly gone on record as in favour of the completion of this highway to connect the world‘s greatest nickel camp and one of the world‘s greatest gold camps, and at the same time giving transâ€" portation facilitie to half a other promising mining areas. It was believed by some that with Sudbury and district active and this part of the North just as anxious :s have the highâ€" way completed, th> pressure on the govâ€" ernment mizht e decided enough to assure an early start on this desirable work. In this issue of The Advance there is further reference to the proâ€" posed Porcupine Sudbury hizhway, but the latest word from Sudbury is not so hopeful. J. M. Cooper, M.P.P. for Sudbury, was interviewed on Friday in regard to this and other matters, and according to despatches received from Sudbury he was not optimistic about any early start on the work of comâ€" pleting the Timmins to Sudbury highâ€" way. "As far as I am concerned," Mr. Cooper is quoted in saying, "I am in favour of it, but I know that the policy of the government is so far committed to ‘the completion of the North Bayâ€" Sault Ste. Marie highway that I doubt if they will touch it until they finish their present contracts. Porcupineâ€"Sudbury Road May be Further Delayed A scet taken could ‘The Advance Want Advertisements e about thirty miles from Timmins. The photo was | and excel the noted beauty spot by "Happy" Woods of, Schumacher, who said he| py" wins his bet. prove that "there is beauty in this North" to equal 39 THIRD AVE PHONE 1870 LYNCH ELECTRICAL APPLIANCE CO. $5 a Month Check these Exclusive Westinghouse Advantages Westinghouse Motor protectâ€" ed by Sentinel Safety Switch. Dulux finish. All Metal parts bonderized f 0 r_â€" protection against rust and corrosion. Porcelain Tub enamelled in Westinghouse Electric furnâ€" aces. Precision Built Westinghouse transmission. All Bronze working parts in wringer head. Every Westinghouse Washer tested under load for 15 hours before leaving factory. Every Westinghouse Washer equipped with the famous Lovell wringer. Last word in modern design, efficiency and safety! Clothes washed in a Westingâ€" house Cushioned A e t io n Washer are cleaner and last longer. x OUR M"nth Bl.'::(;m’ PLAN We trade in your old Washer, "THERE IS BEAUTY IN THE NORTH" THE PORCUPINE ADVANCE, TIMMINS, ONTARIO Afton Aldermac Augite Ashley Base Metals Big Missouri Beattic Bidgood Bobjo .. Bralorne Broulan Porcupiue Buffalo Ankerite ,........... Canadian Malartic ... Castle Tretheway Central Porcupine Central Paitricia ... Conlazas ... Coniaurum Con. Clubougamau Darkwater Dome Eldorado Falconbridge . Gillies Lake Glenora Goldale Granada Gunnar Hardrock Hollinger Howery Hudson Bay ... ; International Nickel . Jackson Manion ... Kerr Addison ... Kirkland Lake . Lebel Oro .. Leitch Lake Shore .. Little Lon Lac .. MaACcCcRSSO. .:......... | McLeod Cockshutt ..... Manitoba and Eastern McIntyre 4 McKenzie Red Lake McWatters .......... i Toâ€"day‘s Stocks | Listed Yes, every woman, everywhere snoulq DC IHLELPUCSL: ed in secing the new washing machine this week. This is the week set apart to mark the FREEDONM OF WOMAN from the drudgery that used to be washday. This week that special attention will be paid to the machine that made this freedom posâ€" sible‘ s | To build a washer of Westinghouse quality demands the finest preâ€" cision standards in the entire washer industry. Every part of highest quality; every working part machined and assembled with the acâ€" curacy of a fine watch. Far more essential than its outward beauty however, are the washâ€" ing efficiency and long life that skilled engineering alone makes possible in the Westinghouse Washerâ€"the washer that washes cleanet and lasts longer‘! The Westinghouse "Cushioned Action" Gyrator is of exelusive inghouse designâ€" the culmination of years of researchâ€"the one scienâ€" tifically designed gyrator that gets clothes cleaner, in less time and without wear. Westinghouse Cushioned. Action Washers are priced as low as $79.50. " I‘m rushing down to LYNCHS to see the new THE HOME OF WESTINGHOUSE CLEANEK 14.00 1.10 32.29 .. 2.106 6.25 12% 104 203 15.00 .02 VÂ¥ 32.175 57.50 21 9.50 50.175 2.80 .0.10 2 40 1,.50 1.305 £) 1 CUSHIONED ACTION GYRATOR 27 28 24 Mining Corporation | Moneta McVittie Graham Naybob | Noranda | Nipissing O‘Brien Omegal ; Pamour : Paymasted ‘Pickle Crow Pioneger Preston Dome Premier Read Authier Reno | San Antonio Sherritt Gordon St. Anthony _Sullivan Con. Sudbury Basin j Stadacona Sylvanite ; Siscoe "Teck Hughes ‘Toburn _Waiteâ€"Amulet Wrightâ€" Hargreaves Washes Cleanerâ€"Without We Brandon Sun: Yugoslavia is in the news, but not always as we imagine. That country has a solution for auto speeding hazards that deserves a note. They make the traffic danger punish himself. Moreover, their method has reduced road accidents fifty per cent. Traffic officers in Yugoslavia probâ€" ably figured cut in advance just how it would work. When they overhaul spceder, they manosuvre him over onto the shoulder of the highway, or into a side road where his car will be out of the way, Then, without any bickering or arguing with the driver, they quickly let 6ut the air of all four tires, tip their hats and leave! ‘The rest may be imagined. woman, every where should be interestâ€" Precision Enginecring and Quality Construction . . . down to the Innermost Hidden Details. A HINT FOR ONTARIO AF on Clothes 4.70 56 !% 5.00 2.61 1.36 2.29 3.70 3.00 T.4 3.20 1.65 4.70 2.10 7.99 LAST LONGER MacGregor Porcupine Plans Diamond Drilling At a recent meeting, unitholders of MacGregor Porcupine Gold Syndicate, approved the formation of a company to take over and develop the syndicate‘s property in Whitney township, Porcuâ€" pine area. Capitalization of the comâ€" pany will be 4,000,000 shares of $1 par value and vendor shares amount to 1,100,000 held in escrow. When distriâ€" bution is made to unitholders the basis will be 200 shares per unit. . Capital of the syndicate is 10,000 units of $5 par value and 5,000 are issued. A financing arrangement has been completed and is now awaiting approval of the Ontario Securitiee Commission. Diamond drilling is to be the next step in the development of the property and estimates are being secured at present. Hamlin B. Hatch, consulting geologist, has spotted a serics of holes. A â€" Temiskamingâ€"Keewatin â€" contact strikes across the property approxiâ€" mately 500 ft. south of the north bounâ€" dary, according to Mr. Hatch. South of the contact a broad band Oof slates contacts with the conglomerate, which in turn contacts with another band of slates to the south. Minor folding and contortion in the lava flows and sediâ€" ments are noted. There is stated to be a definite quartz fault fracture in the slates. The vein shows a maximum width of four feet and a short length has been exposed. Some native gold was noted in the rock from a shallow pit. Doherty Roadhouse Co. STOCK BROKERS Timmins, 19 Pine Street North Toronto Kirkland Lake 293 Bay Street 19 Government Rd. West New Scott Building Direct Private Wires for fast and accurate quotations and executions in all Market Quotations Broadcast each day at 12,.20 noon Accurate Markets and Executions in Commission basis only Local Phones 1200 and 1201 The life a Westinghouse washer as shown by exâ€" haustive factory tests, far exceeds the requirements of any purchaser. For that reason Westinghouse has designed this completely streamlined model so that it will not be outmoded in appearance for many vears, The new type Lovell wringer, though more costly to build, offers many long sought improvements and safety features. It has instantancous pressure reâ€" lease and reset lever which even a child can operâ€" ate with ease with the rolls under pressure. The gleaming white porcelainâ€"enamelled tub with skirt in white Dulux and shining black Dulux trim, is equipped with a polished aluminum cushionedâ€" action gyrator and satin aluminum cover. BENCH and 2 TUBS Membars Toronto Stock Exchangke with above wuher or any one of three other models. Mining Stocks Industrial and Public Utility Stocks Bonds Unlisted Stocks and 5.20 p.m. Hope to Open Bridge at Fauquier Next Ssummer (From Northern Tribuncy It is reported to us that the piers are in for the highway bridge at Fauâ€" quier over the Groundhog river, and that there is good prospect of getting the steel superstructure laid during the winter. This would permit opening the new bridge for motor traffic in early summer, or by the time the roads have lost their winter frost. It will thereafter take less iime to motor from here to Smooth Rock Falls, Cochrane, and Timmins, and the posâ€" sibility of a holdup at the river, such as has happened from time to time with the old ferry, will be eliminated. Kapuskasing had the unhappy experiâ€" ence in 1937 of having many motor parties turn back at the ferry rather than wait for hours to get across, when the district firemen‘s celebration was held here on July I1st. Since that time, local bodics have been loath to ask for district gatherings to be held here because it was known betorehand by cutside motorists that there would be tiresome congestion at the ferry both coming and returning. From next year on, there will be many imore orists come here over the convenient new bridge; and when Ontario ties up (between Cochrane and La Remc) witd1 the shortened route to Oftawa and Montreal via Mont Laurier and Senneâ€" terre, which will be complcted next year, 33 FIRST AVE PHONE 2175