Porcupine Beltâ€" Jan. to June July August Sseptember October November (Glob: and Mail) We are adyised by W. H. Minton, who is in charge of the Canadian Minâ€" ing Exposition to be held in the Gran«d Central Palace, New York next month and who is at the Royal York Hotel, that J. K. Smit and Sons of Amsterdam, New York and Toronto, the largest dealers in industrial diamonds in the world, will exhibit diamonds, worth $100,000, to be guarded day and night during the three days. As known to mining men here, where perhaps diamond drilling is more generâ€" ally practiced than in any other mining area in the world, diamonds are essentâ€" ial to their calling and the exhikit will doubtless command special interest. Mr. Frank Koebel, President of J. K. Smit and Sons,was in Toronto yvesterday on his way north for a trip through the mining areas and reports continuously increasing business in Canada. The following is the December gold bulletin as issued by the Ontario Dept. o. Mines:â€" Ontario producing gold mines by fields for the month of December folâ€" low : Porcupine (10) â€" Buffaloâ€"Ankerite, Coniaurum, Delnite, Dome, Hollinger, Hollinger (Ross), Mace, McIntyre, Pamour, Paymaster. Kirkland Lake (11)â€"Bidgood, Kirkâ€" land Lake Gold, Lake Shore, Macassa, Morrisâ€"Kirkland, Omega, Raven River, Sylvarite, Teckâ€"Hughes, T o b u r n Wrightâ€" Hargreaves. Matachewan (2)â€"Matachewan Conâ€" solidated, Ycungâ€"Davidson. Porcupine Leader in Gold Production Sudbury i Rose. Led Kirkland Field Last Yearby $1,871,739. To Big Diamond Exhibit for Mining Show at New York MONDAY, JANUARY 24TH, 1938 A 1 STOCK BROKERS Timmins, 19 Pine Street North Toronto Kirkland Lake 2093 Bay Street 34 Government Rd. Doherty Roadkouse Co. Market Quotations broadcast each day at 12.20 noun and 5.20 p.m. Lebe]l Qro, New Golden 16,745,920 3,234,93 1 3,065,100 Direct private wires for fast and aceurâ€" ate quotations and executions in all 3,161,961 3,2068 .049 Acourate Markets and Executions in Buffaloâ€"Ankerite Dome, Hollinger Mace, McIntyre Commision basis only local Phones 1200 and 1201 Memberr {Foronts Stock Exchange on came from as against 44 T‘en mines in Unlisted Stocks Mining Stocks Industrial and Public Utility Stocks Bonds 19,127,047 3 340 40" Another Good Y ear for the London Life A most gratifying report to its more than half a million policyholders has Just been released by The London Life Insurance Company, following its sixtyâ€" third annual mseting. Summing up the position of the company, Edward E. Reid, Managing Director, declared "as the ysars pass, confidence mounts in the soundness of the basis upon which our business is carried on, and with the background of this accumulated experience, we may fully expect great things in the company‘s future develâ€" opment." He pointed out that confidence was recessary to complete recovery but the basis for confidence was not always present. Referring to the importance of the task being undertaken by the Rowell Commission, Mr. Jeffery deâ€" precated the tendency on the part of some persons to criticize before the reâ€" port is received and carefuly weighed. He trusted that whatever action was deemed proper as a result of the reâ€" port would be taken, Zotal :...:. Tolal for January February March April May July August Septcimber October November December shows Largest Increase in Business in Eight Years. Bright Prospects for Fuâ€" ture over by J. Fdgar Jeffery, K.C., presiâ€" dent. Mr. Jeffery gave a comprehenâ€" sive review of economic conditions in Canada and traced the improvements that had been made during the vear. Grand Total The story of the year in as far as it can be told by figures is as follows: New insurance issued amounted to $88,â€" 300,751, not including revivals or anâ€" nuities. The total insurance in force is now $574,248,130. The gain for the year was $32,830,733, which is the largâ€" est increase for the past eight years. The assets of the company increased by $8,344,338, and are now $117,445,684. Each separate investment, whether mortgage, bond or other asset, has been carefully reviewed and specific investâ€" ment reserves have been set up of $4,500,000, calculated to provide for any impairment in security. The company has maintained its stringent basis for determining its liaâ€" bilities. After providing for all policy dividends earned to the policy anniverâ€" sary in 1938, the: London Life holds as further protection for its policyholders the sum of $14,139,754 in Free Surplus. ard Reserves beyond the legal requireâ€" ments, not including the Specific Inâ€" Total ; . 1,404,365 Northvostern Ontarioâ€" Jan. to June 4,442.046 July . 2 d40;104 August .__841,857 September 908,072 October 868,92( November _ 841,(355 December , 900,299 Total Matachewanâ€" Jan. to June July August September Octcber November December Kirkland Lake Beltâ€" Jan. to June 17,049,017 July 2,820,000 August 2,131,13"7 September 2,022,448 October 2,166,556 November 2,1701,695 December 3.0090.701 for Ontarioâ€" 0,.469.721 w 6,234,414 6,111,006 6,1714,506 6,646,1735 6,511,801 6,151,195 6,941,457 6,153,125 6,620,1739 6,928,624 6,882,936 7.373,183 9.5178 109 2,131,137 2,022,448 2,166,556 2,101,695 3.090,701 7132,674 109,472 115,031 104,241 131,181 134,837 126,9298 11,800.013 7,120,010 6,895,604 7,308,394 6,979,588 7,315,1799 7 404,834 7,030,394 7 400,247 7,182,487 7.398,887 7,456,983 7.774,581 5,431,099 1,024,974 1,055,102 1,042,030 1,029,639 1,080,244 1,136,925 7,601,120 3,002,529 2,839,789 2,130,917 2,829,218 2,940,09072 3,086,961 864,963 162,304 170,006 142,859 159,072 168,320 173,592 Conlaurum Con. Chibougamau Darkwater Dome ..;;:... Eldorado . Falconbridge Glenora Goldale Granada Gunnar Hardrock Hollinger Howey Hudson Bay International Nickel _Jackson Manion . Kerr Addison ... Kirkland Lake Lebel Oro .. LieiteIt‘ Lake Shore Lee CHOIld .:....:..... Little Long Lac ... Macassa ... McLeod Cochshutt Manitoba East ... McIntyre . McKenzie Red Lake McVittie Graham ... Mining Corporation MONECLE q Naybob ....... Nipissing ........... Noranda C:BrIicn;s....... Omega Pamour Pss Pa:imnasleL ....... ; FACGKMIC OZONW â€" PIOLGEP Preston East Dome Prenfier‘......"..;.;;;2..: Read Authier ... T VUEDNOY e sds i ie ishass San.‘ AntonIio ............. Red Lake Goldshore Sherritt Gordon . St. AntlioUuy ............... Sullivan Con.......... % Ssudbury Basin ... Stadacona . Ssylvanite ... Siscoe f Teck Hughcs (TODULN : Ventures ; Wright. Harfrrea\ eg . Blairmore Enterprise:â€"Children are natural mimics. They act like thei parents in spite of every effort to teach them good manners. Fifth Man Charged in Hoist Theft Case Stoughton and McEwen both swore Birtch was with them on a threeâ€"way split of the proceeds for disposal of the hoist to the Northern Metal Comâ€" | pany, of Cobalt, to whom McEwen said he was in debt for $11.175. The hoist was identified by Carl Reinhardt, preâ€"| sident of Cross Lake Company, whol also testified against Campbellâ€"this is another hoist worth $500â€"in order that it would not be necessary to bring him back again from his home at Perth. Highâ€"Grade Samples From Week‘s Run of the Press Health News: Travels of a French Fried Potato: In your mouth a few minutes, in your stomach a few hours, on your hips the rest of your life. Other defendants who already have gleaded guilty are Charles Johnson, Raymond McEwen and Lloyd Stoughâ€" ton. The two latter swore on Friday that Birtch was in with them on a deal to bring in a hcist from Cross Lake silver mining company but his team proved unequal to the task and other arrangements had to be made after the sleigh stuck in the snow. Birtch, according to McEwen, got five dcllars at first and later received ten dollars more after he had threatened to go to the police if he did not get a Jlarger share of the proceeds. Toronto Telegram: Political d evelopâ€" ments in Northern Ireland indicate De Valera has achieved a united Ulster, at least. One of the Accused Takes Ill and Allowed to Go Until Friday mining properties were reâ€" sumed here before Magistrate Atkinâ€" son on Friday afternoon, but further hearing in the case was adjourned for a week after one man had been comâ€" mitted for trial and arother, saying he felt ill, was allowed to go until Fri«â€" day nexi. Albert Birtch, Cobalt teamster, was the latest addition to the roster of deâ€" fendants. He elected trial by higher court, pleaded not guilty and told the bench his connection with the casq was limited to hauling one of the two hoists included in the indictments. He was sent on for trial and immediately afterward Harold Cainpbell, who preâ€" viously had pleaded not guilty and who this time was represented by William C. Inch, had his case laid over because ol illness. Haileybury, Jan. 24, 1938.â€"(Special to The Advance)â€"The name of a fifth accused Cobalt man was added to the list of defendants when proceeding: in the charges of theft arising out of the alleged stealing of mining equipâ€" ment valued at $1200 from Coleman township mining properties were reâ€" Afton Ashley Brett Base Metals Big Missouri Beattic Bidgood Bobjo Bralorne Fe Buffalo Ankerite Canadian Malartic Castle Tretheway Central Porcupine Central Patricia Coniagas .. Toâ€"day‘s Stocks | Liste:, THE PORCUYPINE ADVANCE, TIMMINS, ONTARIO 3.10 3.15 5.20 2.00 6.80 1 .A9 16.25 1.05 2.90 1,18 1.37 1.50 1 .0(; '3";6 10 1.66 34 30 29 Despite higher costs, including de velopment charges, during the nine months ended Dec. 31, the first threseâ€" quarters of the company‘s fiscal year, which ends March 31, McIntyre Porcyâ€" pine Mines, Porcupine district, increasâ€" ed net income, after deprezriation, to $2,711,640 tfrom $2,631,576 in the corresâ€" ponding periocd of 1936, quarterly earnâ€" ings statement shows. On the 798,000 shares outstanding, net income was 147,655 and â€" second quart and costs of quarter. In the first three quarterly of the current fiscal year. net after depreciation has shown crease in each succseding quart for the third quariter. the three ended Dec. 31. 1937, was $954.51 to $1,20 per share, compared wit 246, or $1.13 per share in the quarter and $853,.875, or $1.07 p in the first quarter. Gross income for the third Wwas $1,219,331, and to:al cos $1,264.811. compared with gross Mclintyre Porcupine | Earnings Increase was $6,.485,445 development taxes $495,132, §$114,120. Toila Net Income Equal to $ per share, Compared $3.30 per share in 8: Period 1936. NEW CHEVROLET Smartly Streamlined Sheet Metal Improved Sixâ€"Cylinder and costs ‘o quarter and Chevrolet irucks give more miles per gallon of gasoline . . . go farther on a quart of oil., The famous sixâ€"cylinder valveâ€"inâ€"head special truck engine is the standard by which operators compare power units,. Chevrolet trucks are easier to service, more economical to maintain. Chevrolet trucks offer nationâ€"wide parts and service facilities, They are built in Canada, on special truck assembly lines, General Motors makes them available in a wide choice of factoryâ€"buil bodies and of factoryâ€"installed hydraulic hoist and dump bodies. These points we bring out as a simple explanation of why so many individual unit and fleet owners throughout Canada use and recommend Chevrolets. For your own information, may we again remind you that, in this range is a model for every hauling job ready to pay its own way as you buy it on the eass monthly payments of the General Motors Instalment Plan. Dollars saved through lowest purchase price and minimum upkeepâ€"are dollars earned. Your Chevrolet dealer will give yowmore vital facts! c narges, | ind depre h of $1,.244.409 in ‘ [hree mon!tli $954,519, equ: red with $903 b » firs 1¢ 4) to : |Judgment Given in _ Disputed Staking >« ~ 1 the Untario Mining Act was drawn up, "the principle that underlies it reâ€" mains," Mr. Justice Godson has rendâ€" ered his decision in an action tried beâ€" fore him at Haileybury on November 30 last and revolving about what his Lordship, in his judgment, terms "orâ€" ganized siaking through assistants placed at other posts." In finding for Thomas Mulholland, Cobalt prospector, who challenged the actions of Robert Hoimes, another Cobalt prospector, with regard to the staking and recording of a Gillies Limit claim on June 21 last, Mr. Justice Godson notes that "if the practice adopted by Holmes prevailed perjury would become rampant and the basiz prirciples of the Act, which have Thos. Mulholland Found to Be Staker Under Act. Robert Holmes May Apâ€" peal. eqlia $3.30 od 0 shower de to $3.40 per share, compared with withstood time and ¢( Jer share in the comparative integrate, It would 1 1036. | of litigation and not T easo of $170,.783 in cCc velopment charges, w by a decrease of $25.3% gAalln 0| $80 064 SpP A T while Â¥as partia 21 in appt reduction that "if the es prevailed ant and the which have Th Uimes ‘ection drawn O the dor by Mulhc sequet Hoime Je the p applies tC mlication. 1C n H i way nCt O CGiving aid tha does nc Th read with other act, clearly indicate tha > by Holmes and caused im was not a complian of staking. Times ha copy A] was not a compiian taking. Times ha tion 57 was enacted H h On which h SAVE 11i} Mr. Jsustlice Goc of the Mining nguage say that of staking must )f the one@who iker, but its imâ€" ther sections of e that what was used to be done pliance with the s have changed icted," the judgâ€" noting he wi hod ard ma: had to dete iust been 1 taker,. i ifiled wi 1¢€ pro 11 n Uli SOource ndaned." he was 8i K ho Wider Range of Factoryâ€"built Bodies, Including a Complete Line of Hydrauvlic Hoist and Dump Units Improved Sixâ€"Cylinder Valveâ€"inâ€"Head Special Truck Engine Entirely New Single Diaphragm Spring Clutch Perfected Hydraulic Brakes Dome Mines Milled 576,300 Tons in 1937 ceived here ciple that Nonâ€"operating income. $377,034.90. Estimated net profit, $4,310,660.86. In the above, no allowance was matle for depreciation, deflation and adjustâ€" ments of surplus or contingent reserve account:. Trv The Advance Want Advertisements Estimated Net Y ear was $4 Dominiot WIl 1)¢ Lowest Price and Lowest Upkeep Costs 4 i10n And Un $120,1851.25. °C i ofi, $4,290.4 nmnated operat liconsee wa .903 i ke AK QOu Profit for the 310,660.86, " but the remains. Formâ€" ntent to make a claim; today he ) regardless of a uppott favourable s of an operator inity." Holmes it is stated here. vear endin 6,300. 13,403 fine provincial, es income xploratio: 484 ,436.23. d general d $2.825,â€" @ers gives