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unity to Investors Profit by Go Good News NORANDA DA STRONG Fy By LLOYD J. MOORE Member Standard Stock and Mining Exchange _ Reversals overtook the entire Ca- nadian mining list during the final week of March, Sharp declines were registered all across the list. There was a fairly substantial recovery be- e the Baster holiday, but indlca- no were present that the selling Fovemen was not entirely finished, ere were some exceptional oppor- tunities for securing stocks at bargain prices. Noranda dipped below $47 d Nickel went to $41.76 on March h, when call money commanded 20 per cent, in Néw York. The liqui- dation of mining stocks was caused primarily by the disastrous break which took place in New York. In- ternational Nickel was one of the prin- cipal sufferers, but although the de- cline in this stock was sharper than in most of the others, it was not great: ly out of line. Much distress selling took place. This involved a great many people, since the stock is very widely held in Canada. The New York selling had every appearance of ineluding heavy short sales augment: ing the already large New York in- terest on the short side that has been known to exist. Nickel recovered vigorously to $52 before the end of the week, but was again subject to further selling on Faster Monday in New York while the Canadian exchanges were closed, 'The sponsors of Nickel are quite as emphatic concerning its merits for a long hold as they were in more bouy- ant markets of January and February. Its market course has been more or less in line with the general trend of New York stocks. From the Canadian angle at least, it was vulnerable be- cause of the large amount of stock held on thin margins. Noranda Meeting One of the most interesting develop- ments of the weak was the annual meeting of Noranda Mines, at which President J. Y, Murdoch gave much data of a favorable character concern- ing recent operations at the Horne property. It was announced that dia- mond-drilling data shows the continu- ance of ore to a depth of 1,500 feet. The management Is conservatively estimating a production of 2,000 ton from two reverberctory smelting unite toward the latter part of the year, [t 1s expected unofficially, however, that | the production will be about 2500 tons a day. Full advantage is being taken of the present high price of cop- per. The highest quotations availabl are being obtained for the current production of metal. The results of exploration and development work since the beginning of this year have been highly encouraging. Occurrences of sulphide below the 875-foot level arg shown to be of very large dimen- sions containing much highly profit- able ore. Mr. Murdoch was unable to give any further figures of new ore placed in sight beyond saying that the work thus far this year had shown np more ore than would be handled by the ocmelter during. the entire twelve months, Last year's work showed $9 of ore placed in sight for each $1. put through the smelter, In pther words--the additions of new ore amounted to $52,000,000 and gross pro- duction was approximately $6,000,000. As has been indicated in these columns in previous articles the Horpe smelter is performing uch beyond expectations. The shareholders were informed that only a small portion of the pos- sibilities of the 'property has yet been explored and the officials are confl- dent that ore will be found at much greater depth than have been investi- gated up to the present. The shareholders approved the by- law to issue one new share for each thirty held at $46 per share. Sherritt-Gordon Among the other stocks that recov- ered readily from the selling pressure of the past week, none was more im- pressive than Sherritt-Gordon. This stock rebou from its slow at $7.10 to a high at $8.76 before the close of the week. On numerous occasions re- cently Sherritt stock has segmed pcarce and remarkably good buying power has been noticed, 3 completion of ¢o way line to the property Aki September the development of the mine will enter a new phase, It been practically decided that the Hudson Bay smelter Will be located BY LLOYD J. MOORE, Member Standard Stock and Mining Exchange. high to be re reasonable, The demand and supply situation points to the con- tinuance of comparatively high prices. An average of around 17 cents a pound over a long period would enable the new Canadian producers to earn very handsome profits. Such an estimated price appears to be very conservative. Copper Refinery Promised An annou t of farr importance was made by Premier Fer- guson in the .Ontario Legislature that a copper refinery would be bullt by International Nickel-Consolidated Smelters and Ventures, Ltd, in the Sudbury district. The probability is that Sherritt-Gordon and Hudson Bay blister copper will be treated at this refinery. It will have a capacity of 10,000 tons a month and will cost approximately $4,000,000. It will treat Frood blister copper as soon as that mine comes into production. At the same time it is interesting to note that President J. Y. Murdock has re- afirmed Noranda's intention of build- ing its own refinery at some site to be decided, probably on the Lower St. Lawrence. The Noranda enterprise has British Metals Corporation and Nichols Copper Company associated with 1t, hi: General News Interesting news of the progress of exploration work comes from such prospects as Bobjo and Central Mani- toba, both of which are in the dis- trict of Patricia, Some changes in the Siscoe mill are being made which ghould improve the recoveries from this ore. Both Amulet and Abana have receded to quite low prices. Both stocks are now selling at a price from which they should react readily to favorable development news. There has been some talk of re-financ- ing for Coniaurum, but this is not thought to have any foundation facts. The suspension of operation of the Dunkin property in Woman Lake seem to reflect the decision of the management that it is not worth while to continue work. Don't forget, Mr. Moore answers any questions on mines and mining investments. Address, L. J. Moore & Co., 10 Jordan Street, Toronto. Eee Unemployment Is Lessened in Great Britain Baldwin's Policy is Credited With Improvement -- Liberal Leader Attacked London.--Unemployment in Great Britain had decreased by another 86,- 000 during the past week, thereby wiping off the last of the recent win- ter's rise total, which is now down to 1,200,000. This announcement in the House of Commons by the Minister of Labor, Sir Arthur Steel-Maitland, on Monday night was loudly cheered by the Conservatives, as it means the Government is now able to claim that Stanley Baldwin's industrial policy, which has been successfully attacked in the recent by-elections by the Lib- erals and Labor, may after all justify itself. "It is often sald," Sir Arthur added "that unemployment is greater now than when wo took office. This is now untrue. It is actually 86,000 less than when we took office, and in addi- tion 550,000 more people have entered into insurable occupations." The debate was one in which Labor indicted the Government for its failure 'to active measures for stimulat- industry by well-considered of Zational improvement and The object of this mo- tion was to show that Labor was not any more backward than the Liberals in proposing schemes for restoring in- ustrial Friepe | | Projec 3 Svcs ax of Holy Land" Tiberias, Palestine.--~On the River ee aoa of the Sea 8 is being made in the Seudy progress great hydro-el powe. stati which will usher in a new economic era for the Holy Land. former Russian revolutionary leader, Pinhas Rutenberg, head of the Odessa police during the Kerensky regime, the storied stream of Bible times is to be made to produce 800,000 horsepower of epergy for new Palestine's farms, homes and factories. HOLY LAND LACKS COAL. Palestine has no coal of its own, at all events as far as can be ju from 'superficial geological investiga- tions. Nor can it boast of petroleum its worth developi Its econ- omically exploitable reserves of energy are concentrated in its water re- sources, , Whoever has the control of these resources can monopolize the driving force of industry and of agriculture, and can influence decisively the econo- mic development of the country. Rut- enberg is in that position. Backed by the Zionist organization he obtained the concession for the sole exploita- tion of these resources and for the supply of electricity for the whole of Palestine, with the exception of Jeru- salem, the government having reserv- ed to itself control of the prices for electric current over and above a fixed minimum and a share in the profits. The scheme which Rutenberg is try- ing to realize is to use ths differences of level to be found along the course of the Jordan from the Lake of Mer- om to the Dead Sea, starting with the stretch between the Sea of Galilee and Djisr. Along this stretch of about ten miles there is a drop o f150 feet. A Ifttle later, in Djisr, in the Rutenberg domain proper, down in a rocky hol- ow, the river comes into view again. Across the Yarmuk, which coming from an easterly direction aere flows into the Jordan, the scaffolding of a dam twenty-five feet high may be seen. This dam, now almost completed, is to force up the waters of the river to a height of fifty feet above the level of the Sea: of Galilee in a giant reservoir naturally formed by the hilly char- acter of the region. TO DIVERT RIVER'S COURSE, Opposite, across the Jordan, a sec- ond dam is being built. This, when completed, is also to force back the waters of the Jordan and to collect them in a reservoir, The picturesque valley bed will then be drained, the Jordan diverted for a short distance from its natura' course, and from its reservoir conducted through a canal elready partly dug, inte the Yarmuk reservoir. From here a main canal has already been dug under the Haifa-Damascus railway, and after the rainy season will be lined with concrete. The canal then will conduct the waters of the two rivers over the top of the cliff into the turbines of the power station. The 'foundations of the latter are already laid and the first layer of concrete put down. Gradually machinery from England is arriving. To begin with, three water turbines of 8,000 horse- power each are to be installed. Under the supervising genius of al SIR CHARLES GRANT ROBERTSON Vice-Chancellor and Principal of the University of Birmingham on his first visit to the Dominion at thé invitation of the National Council of Education to be a guest speaker at the confer- ence on "Education and Lélsure" to be held at Victoria and Vancouver early in April, He will also address meetings at a number of cities on his way to the coast. His subject will be "Empire Builders" and such names as Drake, Rhodes and Sir Stam- ford Raffles who became an eastern Rajah will be among the subjects of his lectures. Sir Charles was tutor to the Prince of Wales at Oxford from 1912-1914 and hig life has been full of movement and creative work since that time. Golf and Business With the rapid approach of warmer weather, the thoughts of the golfer naturally turns towards the links. There vas a time not long ago, when it was regarded as bad for business for a business man to play golf. All that has been changed, particularly, since the outspoken utterances of the Minister for Overseas Trade in Pre- mier Baldwin's Cabinet, the Hon. D. H. Hacking. "Take your golf clubs with you," he advised the people of Bradford. "Many an order has been ohtained through a friendly chat while | standing on the fourteenth tee before business has even been mentioned." Here is a serious-minded man whose business it is to foster business and who bluntly tells the public that it can be effectively fostered on the golf links, There will be those who will challenge his, suggestions. Among them may be numbered M. Briand, who, tradition says, once lost the Premiership of France through letting Mr. Lloyd George show him how to swing a golf club at Cannes, But as against the comparatively few protes. tants, there will be many thousands who will endorse Mr, Hacking's senti- ments, There are, however, one or two qualifications. This reference to a friendly chat "while standing on the fourteenth tee" is not likely to meet with the unqualified approval of those golfers who come up behind such friendly chats and who deplore them just as keenly as they do "four-ball foursomes" of those who persist in re- playing missed putts. 'As a gneral principle, however, the friendly rela- tions that are so often established during a golf game may well serve as a prelude to closer and more prac tical assoglations afterwards. We havo been wont to declare for years that "trade follows the flag." Now it is suggested that this must be re- placed by the slogan. "Play up to the flag for trade," a slogan which hun- dreds will approve.~--~Montreal Star, LJ Two Knights of the "Score" Following are some 'prize Winners: LYDIA PINK M'S COMPOUND A pale little lady was Minafe, So gawky and frightfully skinny, Until she once found That Pinkham's Compound Made her let out the tucks in her pinny. "Miss Anne FeCulley, Windermere, Ont. BIG BEN TOBACCO There's a funny old fellow called Mackey, Who lived in the town of Cam- lachie, ¢ He sald, "When 1 chew No other will do But that superfine Big Ben To- bacey." Mrs, Joseph M. O'Neill, Kent Bridge, Ont. BROCK'S BOOK ON BIRDS Read Brock's Book on Birds. He engages To teach about birds and their cages, . Canary and linet The size of a minute Sing "Songs Without Words"-- from its pages. Mrs. BE. Mills, Hiora, Ont, GEO. A. ELLIOTT Director of Colonization Come, help us to build up the Nation, of Colont Th h the <h ation, ' It you need a farm hand For the work you have planned We'll welcome your prompt applica. tion, Mr. R. H. Mcllquham, Lanark, Ont, PINKHAM'S VEGETABLE ' COMPOUND Of her wonderful child, Mrs. Red- ditt "Yes, she's a darling, "sald it; But praise mustn't be Accorded to me; It's Pinkham's Compound deserves credit." Clarence A. Thompson, Box 709, TFhorold, Ont. Sald, you CANADIAN PACIFIC RAILWAY Are you planning your trip for next summer? I've decided on mine, Plummer, 1 shall travel C.P. Nothing else will suit me, For 1 know my railways, quoth Plummer. sald Dick Grace Hubley, Arundel, Que,' CUTICURA TALCUM Said a young Mrs. Lee to her Mal colm, "Cutigura I find the best talcum For Junior and Jewel, It's soothing and cool"-- "Seems a mighty good talcum," sald Malcolm. Mrs. J, A. Cook, «- 66 Forest Ave, St. Thomas, Ont. AUNT DINAH MOLASSES When Mrs, Monk comes in and passes '| Her gingerbread round, lads and asses Smack their lips, and they say: *"Howdja make it that way?" "Quite easy, Aunt Dinah Molasses." Mrs, Fanny T. Hicks, R.R. No. 2, Niagara Falls, Ont. DIAMOND DYES There is a bright maid who con. fosses, She longed for some new colored 3 dresses; But sald, "I'll not cry, I'Il"use Diamond Dye," And her old gowns now nobody WINARD'S LINIMENT : ney Owes his life to *Minard ana Nurse Denny. Miss ' DIAMOND VES There once was a man named fen Grifty, Whose wife was exceedingly thrifty, She used Diamond Dyes Her old clothes to disguise, And that's why she always look: Miss B. B. Rorison, Aubrey, Que. ROYA| Shure And most of yer pennies be lavin' In the good Royal Bank, And ye'll have them to thank, BANK OF CANADA For soon ye may all quit yer slavin'.| Margaret McG ilitvray, R.R. No. 2, Paisley, Ont. PURINA FEED The best feed for chicks is 'Purina, Mor a good start just feed them Startena, The young. roosters crow And how they do grow If you follow that up with Growena. Mr. Bill Sheryer, R.R. No. 4, Fergus, Ont. SALADA TEA To the funny old town of Granada, 1 journeyed with Mama and Dada, Who each day at three : In the old park by the sea Eat {ced cakes and tea called | Salada. Miss Jean CO. Little, Aglacourt, Ont. SIMOND'S SAWS A young Irish fellow called Sabers, Had a wood-piles much bigger than neighbors, When asked what he used He seemed much amused As he said, "Only Simonds, jabers!" ; Miss L. Christian, Bo: 61, Port Elgin, Ont. BLUE GOOSE ORANGES "0, Doc, solves a very sad riddle, Baby Dick's all ballad up In his middle." *"Hum,--daily the juice Of a little 'Blue Goose' Will mdke him as fit as a fiddle." _ Mrs. T. W, Hicks, R.R. No. 2, Niagara Falls South, Ont. BABY'S OWN TABLETS * About baby's 'health do not worry, Though {llness may come in a hurry, Baby's Own is a friend, To with sickness contend, And banish its menacé and flurry. Mrs J.. W. Thorburn, 8 St. George Apts, London, Ont. . KEEN'S MUSTARD There once was a Dustard, Who would only use one kind of mustard, 5 And it "twas not "Keen's" He'd say, "By all means This stuff night as well He egg cus: tard" i ; "Mra. J. W. Burns, : Southampton, Ont. pi REGULATOR The record for jesgy has been, "beaten, - The Seaton, "mo his hens he gave Pratt's. Regulator and that's Why this crowing ia tone by y isk Seatbn. Mattie Robb, Palmerston, ont, e axin yes all to be savin' be named Dan story fit comes "trom Jack One may leay nger | --although it is not yet determined whizh will be the first to lake the air--and, 'both great. dirigibles. vil doubtless be seen over Londoa in _ | early Summer before making ttefr | maiden long yoyages. At first only one airship will be able to operate at 1a "dune to lack of sufficient skill- ed personnel to work both © Itaneously, and also to the fact that only one mooring mast is avaiable. "With accommodations for one hun dred passengers and a crew of torty- eight, the R-101 and her sister ship, s | which nears launching at Howden, present the comfort features of a-well- appointed hostlery or club. But 10 f stead of a landscape of still tran. quillity, one will see, through the out- ward-sloping window. of the pro- menade decks, a swiftly changing pan- orama by day and, . by night. the myriad light dots of cities perhaps thousands of feet below. The monster dirigible is 724 feet long, with a maximum diameter of 181 feet 8 inches. She has a gas ca pacity of 5,000,000 cubic feet, giving a lifting power 'of '162 tons. To carry twenty-nine tons of fuel, thirty-eight main tanks have been provided, -at- tached to the frame work inside the Lenvelope, and, in addition, there are eleven compensating tanks which can be filled when a full passenger load is not om board. Quick emptying facilities have been provided for emergency and some of the main tanks have been fitted with a device, by which their bottoms can be cut away {in the manner of opening a tin can. - g ; Motors Burn Heavy Oil For the first time In airship prac tice heavy oil-burning engines will be - used in these ships. The tuel will have a flash point of 210 degrees. a point which is held to greatly m- ° crease the factor of safety. Each of the five high-compressio motors will develop 585 horsepower, with a maxi- mum of 650. The lowering of fire bazard in these ships is brought homé. by the fact that permitted to smoke and that a smoke room isa feature of the lower deck. It has an aluminum fioor, Naturally, the lightest of available materials have been used in construe 'tion. The tubing is of stainless steel, solid drawn, and joined without weld: ing. Duralumin and aluminum have been freely used, even in the galley, where. they replace irom and steel in the cooking apparatus, and aluminum is used for the lighting fix- tures, = Ornamental columns are of balsa wood, one of the lightest woods known, while the falls of the two- berth cabins are of fireproof canvas interlined with a black material, Rat- tan is the material of much of the furniture. If one of the novelties for comfort in airship travel will be the smoking privilege, another will be the fact that the cabins and public rooms of the airships will be heated and cool- ed to suit the conditions of tempera~ ture. Alr is drawn in by an electric fan, according to theIllustrated Lon- don News, which describes tho dirigl- bles by special permission of the Afr Ministry and, for beating. parposes, is passed across the face of one of the engine radiators. Is warm weath- er the radiator is lowered cttside the ship, and cooled alr thus can be sup: plied to the living quarters. Has Spacious ing The pass rs of the Moko] | tWO « By h the promenades, 0 feet. The 2 of 1,730 square lounge, y 32 teet, sur- passengers will bond