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Sit Since November, 1925, there have been no less than nine reductions in the price of dynamite. It is of interest to earn how these reductions have been justified. In the first place, the installation of the most modern maâ€" chinery and the application of modeirn methods have effected economies in manufacture, and, secondly, the comâ€" siderable buying power of Canadian imdustries Limited has brought about lower raw material costs. It is safe to say that the present price of exâ€" plasives in Canada is as low as it can possibly be commensurate with a fair niargin of profit. Again, in the matter of transportaâ€" tion casts, Canadian Explosives Divisâ€" ion of Canadian Industries Limited have ben able to render their cusâ€" tomers a signal service. In 1925 the company were resonsible for representâ€" ing to the Board of Railway Commisâ€" sioners that fact that the danger of transporting dynamite was not so great as their freight rates seemed to indiâ€" cate. These representations, based on solid facts, resulted in an average reâ€" duction of freight rates of approxiâ€" mately 20¢0%,, and in the case of large shipments to the Maritimes Provinces, ared'uctionofa.hnostSO%. It is gratifying to note that since the reducâ€" ed rates came into effect there have been rractically no losses nor explosâ€" ons of high explosives during tranâ€" These facts demonstrate that the Explosives Division of Canadian Inâ€" dustries Limited has played a highly important part in reducing the costs of opening up the undeveloped porâ€" tions of Canada which are proving to be of such value to the Dominion. ANOTHER REDUGTION IN THE PRIGE OF EXPLOSIVES It is frequently said of companies enjoying a virtual monopoly in thn sale of a particular product, that they tend to "charge what the traffic will bear." Even when the lower costs are brought about through increased proâ€" duction, they are reluctant to pass on to the consumer the saving which reâ€" sults. The Canadian Explosives Divisâ€" ion of Canadian Industriee Limited, have, however, maintained consisâ€" ten policy of giving their customers the benefit of such savings as they are able to effect in production costs Moreâ€" over, a recent reduction in prices has been announced in spite of a noticeâ€" ably lessened demand. anadian Explosiven, Limited, Passes on to Custemers the Savings Made in Production Costs from Time to Time. Weekty sailings to Piymouth, Havre, London, Liverpoo!, Balfast, Glasgow, from Montreal (and Quebec) ecither in United States or Canâ€" This new Kitchen Help cssc â€" will save you Time to BRITISH ISLES _ oned BACK by CUNARD UINEF.â€"â€"canmnaopian®service Wonderful accommodation . . cosy 2, 4 or 6 berth staterooms forcouples or families. Fine PublicRooms andLounges. Musicand ?ames. Children‘s Play Rooms. Excellent ood; ample portions. Stewards and Stewardesses to wait on ' you. And only $1 55 return. Mr. Birch is still able to help with light chores, including wood splitting, and his particular and special charge is a flock of chickens. His eyesight at long range is still good but he beâ€" moans the fact that he is now unable to quickly and effectively discern obâ€" jects at close range, particularly at the meal table. Mr. Birch is an old age pensioner and is believed to be the oldest in the Dominion enjoying that benefit. Mr. and Mrs. C. L. Crandall, of Trenton, Ont., were visitors to Timâ€" mins last week. For several years past The Advance has been making reference once a year or so to John Birch, who is noted as one of the oldest men in Canada. There is special interest in this oic¢ gentleman because of his ready wit. He has "taken a fall" out of more than one smart reporter who has undertakâ€" en to interview him. Some of his comâ€" ments on men and affairs have been given wide publicity on account of their shrewdness and wit. On Wedâ€" nesday of last week, John Birch, of Nipissing Junction, near North Bay, celebrated his 108th birthday, enjoying good health and doing light chores on his farm, which is now operated by his sons, Adam and John. He migratâ€" ed from Russia in 1866 and settled in Renfrew County near Pembroke. At the age of 68 he moved his family and chattels northward to break virgin soil in the district in which he still resides. He cannot recall of having suffered serious illness or infirmity and attriâ€" butes his long span to hard work anc temperance in all things. He fought with the Russian forces in the Crimean war and vividly reâ€" calls incidents in that devastating period, one being the bayonetting of a brother while they lay wounded side by side. He condemns the presentâ€"day method of warfare with the warriors taking shelter in ditches and killing being done by long range shooting and overhead and underwater bombing, prefetring the old method of face to face musketry and bayonet fighting. According to Mr. Birks, Howey is i no danger. The ground all round the buildings has been cleared for a disâ€" tance of from oneâ€"half to thresâ€"quarâ€" ters of mile. The company is well equipped .with pumps,. fireâ€"fighting equipment and water to take care of its property and has a staff of about 250 workmen available at a monent‘s call. JOHN BIRCH, NIPISSING JCT., REACHES 1083TH BIRTHDAYT There were newspaper reports last week to the effect that the mill and other buildings at the Howey Gold Mines, Limited, in the Red Lake disâ€" trict, were in some danger of destrucâ€" tion from the forest fires in the area. These reports were denied by R. J. Rirks, secretary of the mine. A wire received by the secretary stated that a small fire was burning some disâ€" tance to the west of the mine, but that this and the conflagration arcun"‘ Sioux Lookout, were pretty well uns control, with no danger threatening. HOWEY MINE SATID TO BE SAFE FROM FIRE MENACE Book through The Cunard line Corner of Bay and Wellington Streets, Toronto, (Tel. Elgin 4471}. or any steamship agent Keep a copy of the New Magic Cook Book handy and you‘ll never have to worry about what to serve. Whether you need a suggestion for lunch . .. for dinner . . . or for your tea guests, you‘ll find the answer in this new handy housewife‘s help. It‘s a compact, complete directory of all the good things you‘ll ever want to make for any occasion . . . and it‘s FREE! Send us your name and address and a copy will be mailed. Write toâ€"day. 3 outof every 4* Canadian women, who bake at home, say they use Magic beâ€" cause it gives consistently better bakâ€" ing results. lfli'ou use Magic Baking Powder, it will ensure better baking results for you too. *This fact was revealed in a recent muistionâ€"wide investigation Look for this mark on every tin. _â€"_,It is our guarantee that Magic “ Baking Powder does not contain _ alum or any harmful ingredient. GILLETT PRODUCTS TORONTO MONTREA L WINNIPEG STANDARD BRANDS LIMITED and branches in all the principal Canadian cities It is understood that, under the laws governing partnerships, there could be limited or special partners in enterâ€" prises where number of individuals not active in an organization wished to invest their capital. Liability of such special partners would be limited to the capital subscribed, the balance of the liability resting on the unlimited partâ€" ners. Such an organization, it is claimed, would find no disadvantage on the rule prohibiting ownership of a stock exchange seat by a limited comâ€" "The result is that henceforth no member of the Standard Exchange can ‘The majority of the members are said to contend that the holding of seats by individual persons, who may be members of a partnership, is for the protection of clients. In the event of failure of a stock exchange member, the whole of the assets of a member are for creditors, whereas, in the case of limited companies, the assets of shareholders are not of course, assessâ€" The ruling of the Toronto stock exâ€" change prohibiting the holding of seats by limited companies is in accordance with the practice of the Montreal stock exchange and of all the important exchanges in other countries, including New York and London. ‘The precedents of other large exâ€" changes were not considered valid by ‘Toronto members who contended that there is no especial merit in limiting membership to individuals or partnerâ€" ships. They held that the assets of a limited company might be greater than the assets of an individual memâ€" ber and that, with the rule enforced, it merely will mean that limited comâ€" panies now holding seats may find it desirable to effect an indirect means of continuing the advantage of memberâ€" ship. The argument against limitedâ€" liability acting as brokers, with seats on exchanges, has arisen partly beâ€" cause, it is reported, some such comâ€" panies may at some time offer stock to the general public. This would be one means of splitting commissions with favoured clientsâ€"i.e., shareholdersâ€" against which exists one of the most stringent of stock exchange rules. Commenting on the changes made in the byâ€"laws of the Standard Stock and Mining Exchange the following ediâ€" torial reference is made by The Toronâ€" to Mail and Empire:â€" "In keeping with the interprovincial conference last winter regarding the mining stock business and in pursuit of legislation subsequently adopted by the Ontario Legislature, the Standard Stock and Mining Exchange of Toâ€" ronto has put through a wholesale reâ€" vision of its byâ€"laws which should zo far to restore healthy conditions. In the preparation of the new byâ€"laws the directors consulted the attorneysâ€" general of all the Canadian provinces concerned and made a thoroughgoing study of the safeguards employed on the senior stock exchanges here and in the United States. ‘The trouble last year in connection with the mining exchange brokers has had an effect not only on the stock brokerage business but also on the matter of money for mining enterâ€" prises. Though any practices objected to in regard to mining stocks have been more or less common to all stocks, there has been a tendency to act as if it were only the mining stocks that had any improper practices. As a conseâ€" quence the interest and investments in mining have decreased for the time being, but there are signs now that this condition will be remedied and that renewed interest and money will be attracted shortly to the mining group. In the meantime the mining exchange has taken steps to help along a remedy. From January 1 next the Toronto stock exchange will prohibit the holdâ€" ing of a seat by limited lia@bility comâ€" panies, says Financial Post. At presâ€" ent, 22 of the 62 members are limited companies. MINING EXGHANGE ADOPTS STRINGENT REGULATIONS Revision of Byâ€"laws Expected to do Much to Restore Healthy Condiâ€" tions in the Stockâ€"mining Market,. THE PORCUPINE ADVANCE, TIMMINS, ONTARIO make a practice of betting against his customers in the market. Heavy penâ€" alties, including suspension or expulâ€" ' sion, are to be imposed for conduct inâ€" f cconsistent with the equitable princip es of trading. There®must be no effort | on the part of a member to mislead ithe board or committess of the exâ€" i change in regard to his business. There | must be no deliberate ploiting to upset | the equilibrium of the market. There | muss be no impropsr soliciting of orâ€" ‘ders by highâ€"pressure salesmanship. There must ‘be no bucketing or wash ,sa,‘.cs. One of the principal reforms is thats no limited liability company may !occupy a seat on the exchange, this | provision being inserted to prevent any ‘broker from evading his legal liabiliâ€" ties. The changes in the rules of the | exchange follow almost word for word | the recommendations formulated sevâ€" | eral months ago by the attorneysâ€"genâ€" | eral of the provinces. "If a firm holds securities for safeâ€" kseping which have been fully paid for for by a client, such securities must ns be confused with securities held on margin. The investments must be "segregated and earâ€"marked in trust for each client. The exchange clearing house has the power to make periodic checks without notice upon all transâ€" actions occurring on the board. The new auditing byâ€"law is an important feature of the reform just completed. A high standard is established as to the class of auditor who may be emâ€" ployed. Once a year the auditors deâ€" signated by the board may, withsut warning, audit the assets and liabiliâ€" ties of any firm. In case any member fails to comply with any of these reâ€" gulations, he is liable to suspension. In addition, simultaneous audits may be made of the books and business of all members. This to prevent any pissible chance of firms combining in their exchange transactions to deâ€" fraud customers. "It is felt that these reforms will have the general effect of reâ€"establishâ€" ing confidence in the Standard Stock Exchangs. It may fairly be said thay the outcome justifies the action of Atâ€" torneyâ€"General Price last winter. Most of the bad news about ‘the mining stock business must now be out. Such bad news included the exchange disâ€" closures of some months ago and the depression in the price of base metals. The court trials of certain brokers have still to come, but when these are out of the way the public should once more begin to consider the intrinsic value of mining issues, rather than the temporâ€" ary adverse conditions which have brought about the present low prices." runs the RED INDIAN TRAIL/ J. R. WALKER, AGENT road ... the miles drop smoothly beâ€" hind you on the Red Indian Trail! Red Indian Motor Oil and either Cyclo Gas (Noâ€"Knock) Motor Fuel or Maraâ€" thon Hiâ€"Test Gasoline give life and zest to your motor . . zoom you over highâ€" ways and loop you around trouble . . . with the ease of a fiyer winged with the power of Cyclo Aeroplane Gas! Eagle flight when you climb the sky ... . wind swiftness when you take the McCOLLâ€"FRONTENAC OIL COMPANY LIMITED Obhers ond Planks ut * imnspeg, Regiae, Colgary, Â¥ The Timmins Garage Co. The Hiâ€"Way Service The Northland Motor ARA. 138 En CE se en en e e Laubricants â€" THEY REFUSE ALL SUBSTITUTES Limited TVMMIN®S, ONT. STEWART.â€"WARNERâ€"ALEMITE CORPORATION OF CANADA, LIMITED â€"â€" BELLEVILLE, ONTAR1IO Banish fuel and oil worries when you set out to drive! Let the Red Indian point the way to better, brisker perâ€" formance! Make it easy for your car to yield maximum driving pleasure! Enjoying Canadaâ€"wide popularity, McCollâ€"Frontenac products are to be had in your own neighborhood. Red Indian stations are everywhere. As you drive ‘cross the country (or fly ‘cross the sky) you‘re always on the Red Indian Trail! and Monsread Station TIMMINS, ONT. Ansonville Motor Engineering Co. IROQUOIS FALLS, ONT. TIMMINS, ONT, Thursday, June 12th, 1930 A straight â€"run gasolin« . . , ecoâ€" nomical . . . uniâ€" formly relhable! Sales THMMINS, ONT. cleen and RED INDIAF® Provides a perâ€" fect film of or»> tection betwoey all working parta ~] of the engine! MOoTOoR