Ontario Community Newspapers

Porcupine Advance, 14 Sep 1921, p. 6

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

W%figfi%fifi%gfi%fi%%%gfim % L. Halperin o oofi esnt renunene aohenenenensheneneneneneronenenieteneton Subscribe to your local paper. the most beautiful watches in America. f The Gruen Bracelet Watch are famed for beauty and doing their duty. We have them in green gold, platinum set with diamonds, also in goldâ€"flled. Every watch carties a guarantee from the maker. £ 18e k Bl& 4 Jeweiler and Optician Telephone 141 Pine Street, Next Post Office t Secrnbrdinintiieirate j hP ont n coniihract wiendin chauton Ainniniaed eb udn actane in C en io ud EE_ totoun Stoupto uo seA a seA ReAtAcAenerens Gruen Verithin Watches have just received the Agency for L. Halperin Jeweler and Optician T. & N. 0. COMMISSION RIGHT oN THZE JOB THESE DAYS Commissioners, Mr. W. H. Maund, seâ€" eretary of the Commission, and Mr. Clement of the staff were visitors to Timmins on Tuesday on their way over the line of the People‘s Railway. While in the Camp they were accomâ€" panied by Major Mac Lang, M.P.P. ( Mn Geo. W. Les, chairman, Col MacLkren and Col. Martin, T. & N. O CHANGE IN GAME LAWS REGARDING PARTRIDGE The new regulations governing the shooting of partridge makes it illegal to shoot these birds except between Nov. 5 and Nov. 20, and not more than 10 may be killed in any one year. Thére are many who do not realize the change in the law, regarding the shooting of partridge and that it is absolutely illegal to sell the same or other ecame birds. i s About $25.00 damage was done last week to the Haileybury Rink by a small fire eaused by the careless throw ing down of a lighted sigarette stub. Luckily the fire was noticed and the brigade made speedy work of putting out the blaze before it gained headâ€" wav. THE PORCUPINE ADVANCE ANNUAL REPORT OF THE MciNTYREâ€"PORCUPINE MINE The reports of the felntyreâ€"Porenâ€" pine Mines, Ltd., for the fiscal year ended June 30, 1921, indicated total net earnings of $1,088,513.19, comparâ€" ed with $1,280,232.37 for the _previous year, the decrease of $191,719.18 beâ€" ing due entirely to the curtailment of the company‘s operations from Dec. 26, 1920, to April 7, 1921, necessitated by the inability of the Power Comâ€" pany to afford the required quantity of power. Out of the earnings menâ€" tioned, appropriationswere made to a total of $272,083.79, including $64,â€" 525.54, provision for taxes for curâ€" rent year, $207,326.50 as reserve for plant depreciation, and $1,131.75 hold ings in adjoining imining properties written down.. There were left a sum of $815,530.12 to be transferred to surplus. ‘The company‘s total fixed assets were increased during the year from â€" $4,838,485.43 to$5,065,003.26, while the total current assets were reâ€" duced from $1,605,739.16 a year ago to $852,094.39 at the end of the past fiscal vear. ( ‘Notwithstanding the seareity of labor during the first half of our year,"‘ Mr. Bickell} adds, *‘followed by the shortage of power, the developâ€" ment work accomplished has been suf ficient to add materially to the ore reâ€" serves. ‘The favorable general imâ€" provement in our underground deâ€" velopment, the downward trend ofâ€"the prices of commoditieg and of labor, should enable us to increase the scope of ~ our underground â€" development wilhch will make available a greater tonnage than is required by our presâ€" ent milling eapacity. (We, therefore, feel warranted in increasing our millâ€" ing facilities by the addition of a new 500â€"ton‘unit, part of which will be used in treating carbonaceous ores, bringing our production up to 1,000 tons of ore per day.‘"‘ The annual meeting of the MceInâ€" tyreâ€"Porcupine Mines Limited has been called for September 22nd. In the meantime the annual reports are available and make pleasing and inâ€" teresting reading. In view of the handicap through the curtailment following the shortage of power from Dec. 26th., 1920, to April 2ith. 1921. the MelntyredPoreupine made a yvery fine showing. In addition arrangements have been made that will avoid a recurrence of the power shortage situation. Ore Reserves Increased. Net Profits Over a Million. Ample Power Provided For. iMr.â€"R. J. Innis, the general manâ€" ager, says that underground mine deâ€" velopment during the year continued to give satisfactory results, and grant ed a continuous and adequate power supply, the development work for the current year promises to be equally satisfactory. During the year, 171, 916 tons of ore were treated, having a gross value of $2,005,672, and an averâ€" ge value of $11.67 per ton. Bullicon containing 91,330.26 ounces of gold and 19,806.40 ounces of silver, valued at $1,904,326.36, was recovered, or $11.03 per ton of ore treated. The ore reserves are estimated at $6,392,394, as against $5,595,500.80 a year ago, an increase of $796,893.20, and are set £8rth in the report as folâ€" lows :â€" Melntyre claims .. Melntyreâ€" Extension claims .. Jupiter claim ... Broken ore After Lhaving commentéd upon the serious loss of power interruptions, Mr. J. P. Bickell, the president, in his report to the shareholders, says that, to safeguard the company‘s operaâ€" tions, the right has been acequired to develop Sturgeon Falls, on the Mattaâ€" gami River, thirty miles distant, and that, unless satisfactory assurances are given of an adequate permanent supply of power, it will be necessary to proceed with this development. Mr. Ennis says that, in the\}bove esâ€" timate of ore ‘teserves, ample allowâ€" ance has been made for the reduction of values due to barren schist incluâ€" sions in the vein and delution of brokâ€" en ore hy wall rock. \ The police have been busy during the past few weeks gathering further information and perfecting their case for inquest to be held on Sept. 20th. in connectfon with the dead man found some weeks ago near Kelso. It is understood that this session of the inquest is likely to show the identity of the dead man and also to suggest how his death oceurred. reserves in stopes ... 224,586 10.55 $3,366,524 205,007 10.50 2,153,081 102,081 795 ./ 813,27; 92,748 1140 1,058,614 624.422 10.2%5 $6,302,304 Tons. Assay. Amount. 4e * ©@$900000000009000009¢60 W“““Mm & ©4400¢ 6 COBALT ATHLETES AFTER\ ABITIBI CUP NEXT YEAR and Track meet, held on Labour Day at Iroquois Falls, proved an unusual success, as suggested in last week‘s Advance. Also, as pointed out in The Advance last week this annual athleâ€" tic meet will undoubtedly arouse more interest next year when there is opâ€" portunity~for the ideas and plans to be more widely known. (The people of the Falls have presented a handsome eup for this annual event, and in addâ€" ition pleasing additional prizes are awarded to the individuals competing. The way the plan is catching popular favour may in somé measure be gaâ€" thered from the following item in yesâ€" terday‘s issue of The Broke Hustler: A letter from Angus Campbell, Preâ€" ©§000000000000000090 0000000000900 0000000000000000000462 $000800000008600000000000000089000000000000000000000006 #00000606000000000000000000000000 00000 0000000000900 0004 000909000 00008000000000000000000000000600000008 00000 The next Northern Ontario Athletie THIRD AVENUE, R R P . Watches, Clocks, Community Plate, etc. All Repair Work Guaranteed. > Everything in Jewelry H. HORWITZ (Between Holl inger Stores). SURVEYING ROAD FROM CcoONNAUGKHT â€"TO SHILLINGTOXNX Work commenced last week on tae surveying of a road between Conâ€" naught and Shillington. A party of surveyors are busy putting the necess< ary!line through. ‘This new road, i:‘ and when, completed will be of mucii‘ service in developing what appears to be a very valuable section of countryv. sident of the N.O.H.A., eongratulates Iroquois Falls on its Athletic meet on | Labor Day and hints Cobalt may send a strong team uv next year in an efâ€" fort to lift the cup. _We‘ll be glad to _ welcome_them, and can promise them _ right now that they‘ll have to go sougw’ to beat Bergeron," Bishop, Montgoâ€" , mery, Shepherdson and the bunch. \ TIMMINS. t

Powered by / Alimenté par VITA Toolkit
Privacy Policy