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Stag Masquerade at the Turkey Stag New Feature for This Year's Big Eve Some Other Partlcuiars. Purpose 0! the Charity Turkey Stag on Friday Evening, Dec. 11th. New Feature for This Year's Big Event. In pm years it was the habit to hand 5 Some Other Particulars. Purpose out the free smokes all evening. This of the Charity Turkey Stag on method resulted in a smoke cloud that Friday Evening, Dec. 11th. would have been the pride of any big -â€"â€"-â€"~' navy. To give the boys a chance to What is expected to be one Of the best! win that turkey at cards this year it featmes at any of the many Turkey 1 has been decided to pass out the free Stag parties put on by Len Laprairie is smokes after 1030 pm only. or the 8M Masquerade to be one Of the course the boys may smoke their own specials this year. The idea is to have herore 10.30 p.m. as there ought to be as many of the patrons as possible some smoke at a Turkey Stag. come dressed in their old bush or un- Familiar to all attendants at past derground clothing. It is doubtful if stags is the old game of “Gimme” with there is one man out of fifty that has the fine turkey flavour. ~ By popular re- not 80'; some 01d clothes that he has quest some years ago it has been made G hankering to get into JUSt once and a regular feature of the Stag. ‘ attend 8 real he-man party. Remem- To those who have never attended her the old duds. you used to wear to a Turkey Stag party it might be in. split the wood or those 010 torn. fly- terestlng to them to know the object 011 and sum-stained duds you used of these annual parties and what they for fishing, hunting or prospecting, get accomplish, into them on the night 0f December The object is to raise funds for the 11. 80 t0 the Stag party and bring home purchase of food for donation in the the turkey. term of Christmas hampers to the !-_.LXL--L.. AC ‘kn Aicfrint Th Tommy Stephens has again offered the services of his orchestra free of charge and is augmenting it to about 15 pieces. For this one big night he calls his boys the Tur y Stag Orch- estra and they play n their bush clothes. Tommy has lined up a bunch of old-time tunes that will bring back fond memories to the oldâ€"timers. The committee in charge of cards this year is arranging to set out 100 tables for cards, as the pivot system or playing, where four men play at the one table only for the evening for a min nf (me turkey at each table, prov- prize of one turkey at each table, provâ€" ed so popular that last year two sit- tings had to be arranged. Tables are to be set in both back and front halls this year. The high man at each table wins a turkey and the second high get the deck of cards. A forty-foot lunch counter is being provided this year to handle the re- freshments. The Gruyere cheese for the Stag party was ordered in July direct from' Switzerland and is of the same high-grade quality as served last Thursday, Nov. 26th, 1931 Baum? or FINANCE, Ottawa, 23rd November, 1931 Principal payable without charge, in lawful money of Canada, at the ofiice of the Minister of Finance and Receiver General of Canada at Ottawa or at the ofice of the Assistant Receiver General at Halifax, Saint John, Charlottetown, Montreal, Toronto, Winnipeg, Regina, Calgary and Victoria. Interest payable half-yearly, Uth May and 1 5th November, in lawful money of Canada, without charge, at any branch in Canada of any Chartered Bank; The Loan is authorized under Act of the Parliament of Canada, and both principal and interest are a charge on the Consolidated Revenue Fund of Canada. Bearer bonds with coupons will be issued in de- nominations of $100, $500 and $1,000 in the case of the 5-year bonds and in denominations of $500 and $1,000 in the case of the 10-year bonds. These bonds may be registered as to principal. Fully registered bonds, the interest on which is pay- able direCt to the owner by Government cheque, Subscription lists to the foregoing will open on 23rd November, 193 l, and will close on or before 12th December, 193 l, with or without notice, at the discretionof the Midst}: of: Finance. 505561ij _will -' " '1 ' .uâ€".-- â€"vâ€"", w- .â€" be recetved and :ec'éféé-is'éued by any branch in and: ‘of any Chartered Bank and by recognized Dealers; Interim Certificates will be delivered through the bank or dealer designated by the subscnber tn the spphc- stion, upon surrender of the receipt. National Service Loan $150,000,000 Dominion of Canada 5% Bonds The proceeds of this loan will be used to promote the economic and financial welfare of Canada Let Your Dollars Serve Canada .’ year. To provide lunch for the Stag party it takes 1,200 full size sandwiches. «to pounds ooflee. 7 gallons of cream. 80 pounds cheese afid 2_5 pounds of crackers. The object is to raise funds for the purchase of food for donation in the form of Christmas hampers to the needy and destitute of the district. In making distribution, no line is drawn as to race, colour, creed or cause of circumstances. Lists of names of the needy and destitute families are re- ceived from the clergy, relief officers, Salvation Army, Children's Aid and police. All cases are investigated and it is defiintely proven that the person whose name is given is not in need. ISSUE PRICE: Sudbury Star:â€"â€"Yesterday’s light snow flurry reminded northerners that winter, as well as prosperity, is just around the corner. Powassan Newszâ€"The story is told (special to The News) of a. Burks Falls lady, who upon being congratulated upon the improvemnt in the water supply in that town, remarked:“Yes indeed. and do you know that I can now see my feet in the bath tub for the first time in twenty-five years." WhOOpee! Bearing interest from IStb November, 1931 , and oflered in two matur- ities (tbe choice of which is optional witb tbe subscriber) 4: follows : ‘5 YEAR 5% BONDS, DUE 15th NOVEMBER, 1936 10 YEAR 5% BONDS, DUE 15th NOVEMBER, 1941 GOVERNMENT OF THE DOMINION OF CANADA Tb: Minister of Finance oflersfor public subscription Denominations .- 5 YEAR BONDS $100, $500 and $1,000 10 YEAR BONDS $500 and $1,000 5 Year Bonds, 991/4 and accrued interest 1 O YCZU.‘ Bonds, 99 and accrued interest Payment to be made in full at time of application ICE: the the the In Renew Efforts to Merge Paper Mills Meeting at Montreal Last Week to Form Consolidation of Canadian Newsprint Plants. Abltibi to be in the Merger There will be considerable interest in the report from Montreal last week in regard to plans for another mer-‘ ger of paperâ€"making companies. The paper business in the North is in a bad condition at present and any- thing likely to help the industry will be welcomed. At the same time previous amalgamations are blamed by many for contributing to the present undesirable situation. Over-capital- ization. watering of stock and what- have-you are charged with bringing the paper industry into difficulties and there is a general feeling that the Governments should watch the present merger plans to see than any pending amalgamations do not carry the seeds of trouble or loss to the general pub- lic. ‘. Last week a despatch from Mont- real said that the executives of the leading newsprint companies of the Dominion were in session in Montreal in. an attempt to weld together the most important mills in the Dominion into a consolidated plan. The des- patch continues:â€" “For three days the leaders of the industry have been in conference con- tinuing efforts which in the past have failed several times. It,is understood however, that hope is held out that the present efforts will be successful. particularly as impetus is being fur- nished by the banking interests asso- ciated with the industry. “Canadian International Paper; Abi- tibi Power and Paper Company; Can- solidated Paper Corporation; St. Law- rence Paper Corporation; Price Broth- ers, and the Minnesota and Ontario Paper Company have representatives at the discussions which are taking place in a local hotel. will be issued in denominations of $500, $1,000; $5,000, $10,000 and $100,000. Pending preparation of the engraved definitive bonds, bearer interim certificates in denominations of $100 (for thc5-year bonds only),$500. $1,000,510,” and $100,000, will be delivered on all allotments on subscriptions to this loan. Registration as to principal,or as to both principal and interest, will be effected when the interim certificates are exchanged for definitive bonds, on or about the 1 st March, 19324 "The Successful creation of Consol- THE PORCUPINE ADVANCE, TIMMINS, ONTARIO idated Paper Corporation a a result of the reorganization of the Canada Power and Paper Corporation has apparently resulted in the establish- ment of a new basis upon which ne- gotiations can be conducted. “It is understood the price of news- i. print is not a factor in the current negotiations. The opinion appeazs general that current prices will be maintained, but in such a merger as there is being attempted important benefits would result through Oper- ating economies and savings of freight. ‘ Should the consolidation of‘ the above noted companies be effected, the new- ly-created organization would have an annual capacity of approximately 2.- 000.000 tons, or about half of the an-‘ nual consumption of the Americam continent. i "Under the chairmanship of a lead-i ing figure in the economic life of the‘ Dominion, the meetings here are being attended by Alexander Smith, presi-1 dent of Abitibi; A. R. Graustein, ‘ president of Canadian International Paper; Earnes Rossiter. President of St. Lawrence, Corporation, and Col. J. H. Price, president of Price Bros. Announcement Expected “An imminent announcement of the outcomerof the discussions is expected. An effort is being made to provide as simplified a capital structure as pos- sible, involving .a bare minimum of security exchanges. The amount of assets involved cannot be estimated until details of the program now being studied are known, but the min- imum may be placed at $600,000,000, including the International Paper af- filiates of New Brunswick and New- foundland, Consolidated Paper and Abitibi. “The price of newsprint is not of immediate concern to the negotia- tors, and it is regarded as likely that present pirice levels will be main- tained. By cuts made retroactive to the first of the year principal Am- erican and Canadian paper companies in late spring reduced newsprint, $5 a ton to $57 a ton delivered in New York. International made this price effective until Dec. 31, 1932, and plan- ned to adhere to this basis regardless of any fusions efl‘ected. For 1933 to 1936 inclusive, 3. maximum price of $62 a ton was set, while the average price for six years from 1931 to 1936 was established at $59 a ton maximum. “Inasmuch as the purpose of this forward projection of the price cut was to stabilize conditions within the newsprint industry, it was predicted today that the merger company if the negotiations succeed, will maintain a policy similar in practice to that wor- ked out by International. Economical Operation Principal efforts of the newsprint makers will be directed toward the most economical operation of the combined properties. The necessity of competing with each other has resul- ted in wasteful Operations and surplus p:oductive capacity, students of the business assert. A mit. selfâ€"regulation heretofore divided they claim. Due to a limitation of production to about the same volume as ship- ments, Canadian producers of news- print have been able to prevent ac- cumulation of stocks to the degree which is normal in the few months before Winter sets in, while United States newsprint makers have stocks slightly in excess of this time a year ago, leaving stocks in the two coun- tries about 10,000 tons under a year ago. “Since the beginning of the year newsprint production in the United States and Canada has fluctuated be- tween 53.8 per cent. and 65.7 per cent. of capacity compared with 67.9 per cent. to 76.9 per cent. of capacity from January to September inclusive, last year. For the past twelve months, Canadian production has been 6 to 12 points below the rate of production of United States newsprint mills. “The figures indicate that there has been considerable effort to overcome the evils of excess lant capacity in the Canadian newsprint industry, but the point is made that one leading company had to be thoroughly reor- ganized, while another went into re- ceivershp due to an excess capacity which remains to threaten the future. By merger and unified operations al- one, newsprint interests believe, can a permanent solution be found. The threat of increased American produc- tion in southern and northwestern areas are said to provide another rea- son for association of Canadian news- print operations in a merger program." The Abitibi Power and Paper 00., so far as the North is concerned, will be the most important factor in the merger. The Abitibi has plants at . DOMINION OF CANADA 1931 NATIONAL SERVICE LOAN v“ BAN K 0‘ NOVA S COT 1A PRICES: 36 King Street West Toronto Telephone: ELgin 4821 Capital $12,000,000; merger will per- of an industry by private wars. Ofiic ai application form and full information will be gladly furnished. It is only necessary to mail your instructions to usâ€"stating the amount you wish to invest and whether you desnre 5-year or 10-year bonds. We will attend to all details. Particulars of the new Bonds are as follows: 5-year 5% Bonds 10-year 5% Bonds "" d "â€"â€" ' Iv (Plus Accrued Interest) Half-yearly interest payable May 15th and November 15th at any branch in Canada of any Chartered Bank. Principal payable in ten Canadian cities. Denominations: 5-year Bonds, $100, $500, $1,000. 10-year Bonds, $500, $1,000. All Bonds may be registered as to principal, and, excepting 8100 Bonds, may be f ally registered. For 5 year bond: due Nov. 15, 1936â€"99‘.{ and interest. For 10 year bond: due Nov. 15, 1941â€"99 and interest. ’0; Reserve Fund $24,000,000; Total Resources $265.000.000 . McLeod, General Manager, Toronto {Iroquois Falls, Smooth Rock Falls, :Sault Ste Marie, Sturgeon Falls, Fort William, Espanola. Beaupre and Mur- iray Bay. Quebec. and Pine Falls Man- uitoba. While the Abitibi Power 8:. 5Paper Co. centred its effort on the EIroquois Fals plant it was a flourish- iing industry. Then came amalgama- ltions and mergers. The Abitibi now has idle plants and plants on part time. Many blame this on merger land amalgamations and are not like- ;ly to be enthusiastic over futher mer- ggers. In view of the importance of imatter is of unusual importance. If ESTABLISHED 18.32 If you prefer it, orders may be telephoned or telegraphed at our expense. Askfor telephone ELgin 4321, Toronto (charges to be reversed). a. merger will right present conditions, well and good, but if it is only anâ€" other case of high finance it is an- other matter. Importance of Middle Section of the Highway In an editorial article last week, The‘ Northern Tribune, of Kapuskasing.‘ makes several points well worthy of special notice. One of these points is necessary for the immediate construc- tion of the middle section of the trans- Canada highway in the North Land, that is, the section connecting Hearst and Port Arthur. As The Northern Tribune points out to leave this sec- tion uncomfileted is to turn a large-part of the tourist trade to the United States instead of through Canada. One other point made by The Northern Tribune is worth more than passing attention. That is the unfairness of discriminat- ; ing against North Land men in regard I to work on the trans-Canada highway. The following is part of the editorial in The Northern Tribune:â€" Canada’s credit abroad will be measured by the success of the new Dominion Loan as indicating the confidence of Canadians in their own country. “Without wishing to detract one iota from what Kenora has obtained or is about to obtain, it is fair to poinb out that many other towns in the North are not finding the solution of their unemployment problems so easy. Com- plaint is made, and justly, that on such an undertaking as this, being carried out in the North itself, the unemployed of the North should receive prior con- sideration ahead of drafts of men from the South. All manner of other works, such as abolition of level crossings, grade separations, public buildings. harbour works, etc., have been planned to be carried out under the federal re- lief scheme. Northern municipalities are not able to devise local relief works with such facility, even if they could finance a share of them. The trans- Canada highway is the one major pro- ject to be carried out in the North this winter; yet a number of towns are complaining that they have not yet been called on to furnish men from their lists of unemployed. Wood, Gundy Company Limited Due November 15th 1936 1941 99.25 ....... 5.17% 99.00 ....... 5.12% Price “Another aspect is the effect of the delay in building the disputed middle section of the highway. from Hearst to Part. Arthur. Should the Kenora-iake- head section be finished and ready for moto1 trafi’t‘c some time before the other parts of the highway east of Winni- peg, will not the result be to short- cir- cuit thousands of western motorists in- to the United States in order to reach eastern Canada from Port Arthur? Is this what the country wants to happen. when it is spending millions of dollars to build a Canadian coast-to-ooast highway? “Such a plan is all wrong. The men in Northern Ontario who remain un- employed this second week in Novem- ber are surely just as much entitled to get work on a national project being carried out in the North as other unem- ployed brought in from outside points who have been employed on such work since October lst. The highway work should either be carried out on such magnitude as to provide jobs for all who can be suitably selected, or in the alternative, first preference should be given to the unemployed in towns nearest the work, particularly when other work is not to be had. “Intimation is given that another domestic loan is to be floated soon. If lack of money has been the stumbling block in getting all the sections of the TransCanada highway under way sim- ultaneously, the success of this loan should accure that the “missing links" will yet be cut through this winter. Otherwise the North will have on its hands hundreds of downright hardship and privation before spring.“ Acton Free Presszâ€"Baron Walter Von Mumm was so depleted of funds world war and the adoption of pro- hibition in the United States, that he attempted suicide the other day. He was at. one time a. millionaire manu- facturer. Liquor is accountable for a. lot of things in many ways. Montreal Gazette :â€"â€"I.ord Kylsant. having failed in an appeal against conviction on a charge of having is- sued a misleading prospectus was last week sentenced to a year’s imprison- ment. Judgment of the appellate court and sentence in the criminal court are fair examples of British justice. Comment of The New York Times thereon carries a significance which may not be unappreciated. Adminis. tered by judges without respect of per- sons, The Times editorial says. here is a. kind of justice which Americans often wish with a. sigh, they might have more of in their own country. Yield