Timmins Newspaper Index

Porcupine Advance, 21 Apr 1932, 1, p. 8

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1.3.3.”... .suxuanAxX... $3..» As those are the only two cars I have on hand after the disposal of the auto business I have conducted In the past, I am prepared to give the best of terms for the sale of these cars. If you wish to trade a property for them, some can be arranged. 4 Cedar Street North Peerless Coupe, with Rumble Seat in splendid condition, upholstery in fine shape for only Also 1 Buick Sedan in running order . DESAULNIERS $395.00 EASY TERMS ARRANGED O O ..... ..z”s":Xxxzzuxuquxviéaxvvvasvx... O C. no... 9."... APPLY TO $75.00 Cheap at Phone 6 Golden Glow Lodge announce a dance to be held in. the Oddtellows' hall. South Porcupine. on Tuesday. April 26th. commencing at 8.30 pm. It B to beanold-time dance.withroundand square dancing. There will be the beat of music. and refreshments will be serv- ed. Afeatm'eottheeveningisthe special door prize to be awarded. Dame's bonds in Dividend Assurance Fund account total $2,913,855. and in the general account $1,091,817, while the 90,000 shares of East Geduld Mines, Ltd, held in the general account total $1,107,117, or slightly more than halt the total securities under this head. Balance Sheet The balance sheet as at December 31, shows total current assets of $3,- 259 131, of which $686 899 is cash; $88,- 376 bullion on hand and en route; $14,- 341 accounts receivable; $67,496, inter- est receivable} marketable securities (market value, $812400) are shown at $1,091,817; East Geduld shares, $1,107,- 116, and supplies, $203,083. Capital as- set's. total 36 362,282 and dividend as- surance fund. $8,188,546, which with prepayments and other deferred charges bring total assets to $12,612,887. Current liabilities are listed as ac- counts }.iayable, $93,922; salaries and wages payable, $59,321: accrued income and other taxes, $165,299; dividend payable Jan. 20, less dividends held in trust for company. $238,333, and un- claimed capital repayments. $42,594, making a total or 8599471; OLD-TIME DANCE AT SOUTH POBCUPINE, ON APRIL 86TH ore was discovered under the zone. From the 1,420 crosscut a drift was driven to explore the ore section shown in a' diamond drill hole. This drift Opened an one section for a. distance of 290 feet which returned average values of $17 per ton the width of the drift. Not enough is known about this sec- tion to know whether or not it will de- velop important tonnages. On levels from 16th to 18th considerable work was done and are values opened up, but most were under $6 in gold per ton. On the 23rd level diamond drilling was continued, but no ore zones have yet been intersected on this level. her ton and development work yielded 55 000 tons averaging $42988, per ton. The 154,435 tons drawn from the Dome Extension ground averaged $62966. During the year a total of 16,774‘feet of mine work was carried out, includ- ing drifting, crosscutting. raising. winzes, etc., and in addition 19 474 feet of diamond drilling was completed. All development was done in the greenâ€" stone areas. Above the 10th level, prac- tically all the work done was in con- nection with known orebodles. At the 10th level the drift disclosed an ore zone 290 feet long averaging $3.99 over the width of the drift. On the 11th level the drift was driven 217 feet and disclosed an ore zone 120 feet in length averaging $4.56 per ton over drift width. 0f the tonnage milled the stopes yielded 487,600 tons, averaging $7.238? At the 13th level the drift was can- tinued from crosscut and this work disclosed an ore section 190 feet long averaging $5.83 per ton. At the 14th level, a crosscut was driven 509 feet to pick up the possible extension of the ore zone from the 13th level. but no , H. P. DePencier, general manager, reporting on mine operations, states that during the year 588,800 tons of ore were hoisted. Of this 542,600 tons were sent to the mill and treated and the remainder was waste rock. The ore treated yielded bullion to the value of $3,486,506, or an average yield per i‘li of $6.4255, while the average mill‘nnds were $69407. The recovery, the gener- al manager states, was erratic through- out the year, some months the results being satisfactory and others unsatis- factory. After much experimentation it was decided to build a blanket plant to extract as much as possible of the free gold before the cyanide treatment. This plant was put into operation the last week in December. Ore Reserves Increase While ore reserves show a slight in- crease to 1,920,000 tons against 1,900,000 ‘ at the end of 1930, broken ore is down to 768,000 tons compared with 906.0001 ,tons at the close of last year. \ $37,490. To this as added 82.165318 surplus carried forward from 1930, mak- ing the surplus account as at December 31, 1931, $2,202,808. Jules S. Bache, president, states the company owns 90,000 shares of East Geduld Mines, Ltd., purchased at a price of 503 6d per ‘slrare. Since oom- mencement of operations at the East Geduld in July, 1931, operation and de- velorxnents have fully met expectations. anfi directors believe the company has an investment that will be very pro- fitable. In its report covering the year ended December 31, Dome Mina sham earnings from bullion production of $3,486,508 and non-operating revenue of $274,440. making total income far the twelve months of $3,760,947. Operat- ing and maintenance expenditures are listed at $1,889 201 and reserve for taxes $180,921. leaving a profit for the year pf $1.690,825 before deductions for de- -'precia.tion and depletion. Charges against depletion and depreciation are listed at $700 000, resulting in a net~ profit for dividend requirements of $990,- 824. equal to approximately $1.05 per share on the outstanding capital stock of the company. Dividends paid for the year amounted to $953,334. leaving a. net; surnlus to be carried forward of Dome Mines Report for the Past Year Gain Made in On Reserves. Surplus Increased. Net mm of 81.04 per Share Made During the Year. THE POR-CUPINE ADVANCE, TIMMINS. ONTARIO Gore Bay Reamdersâ€" The case of a Toroncomanwhoat'wyearsofage hadspentssycammjanforpetty thefts totalling $70 in value was cited by Dr. J. M. MoCutcheon civil service connnimdoner fiar Ontario and a runner member-01mm mansion, speak- lhg on juvenile delinquency at a. meet- Matthemgmomerboardof'ro- Willie Stevens Married Recently at Kirkland “There are rings and there are rings. Until Wednesday of last week, Willie Stevens, local boxer held a unique re- putation of being able to hold his own with anyone his own weight in the box- ing ring. Without any publicity for which Willie is usually an ardent be- liever in. he was a principal in a very interesting event last Wednesday even- ing whieh ended with this papilla:- sportsman slipping a pretty ring over the fourth finger of the left hand of a fair young lady. Since the evening in question Willie has been receiving mnâ€" gratulations from his many friends in Kirkland Lake on his jump into the ranks of the benedicts for which ac- tion he signed a life-long contract. At the wedding, which took place at the home of Mr. and Mrs. Milton Mmtain. Govermnent Road West, Willie dropped hisringnameandasWilliam Vialarde was married to Miss Beatrioe Bertrand. formerly of Pembroke. by Rev. M. C. Tait. minister of Trinity United Church. They will reside in Kirkland. Granada. Gold Mines in the township of Rouyn are also utilizing our power. Good progress has been made on the new flotation plant being built by the Lake Shore Mine, which will recover gold values now lost in the tailings and further increase power requirements. Taken as a. whole, business in the berritou'y served by the company is quite active, and our kilowatt-hour out- put maintains its increase. Willie Stevens, the well-known box- er, has hosts of friends in Timmins and district, and accordingly all will be in- terested in the following paragraph from The Nor-them News of last weeks. The paragraph in The Northern News is headed, “Kirkland Boxer Springs Surprise on Local Friends," and reads: In the Porcupine area. La Roche Mines, Limited, were added to our list of customers, poWer being turned on early in the present year. Numerous additions to the equipment at the mines in the Kirkland Lake dis- trict have been made, resulting in in- creased power demands These include a new hoist at the Lake Shore Mines. and a. new compressor as well as a new crushing ple‘nt it the Wright-Har- greaves Mines, besides smaller units at the Teck-I-Iugh-es and Kirkland Lake Gold Mines. The new pumping station at Mc'l‘a- vish Lake by which an ample water supply for the Kirkland Lake camp is assured has been completed, and Is now utilizing power. Twelve months ending Feb. 28th. 1931 :â€" Gross earnings ..................... $3,175,764.87 Operating and maintenance 1,017,594.06 Net earnings .......................... 2,158,170.81 Construction work on the new trans- mission line connecting the mining Operations of Mining Corporation of Canada, who are operating Ashley Gold Mines in the Mlatachewan area, to which reference was made in our letter last quarter, has been completed, and a new substation equipped with 4-1000 k.v.a. 110,000--12,000 volt transfonners has been ‘built at High Falls, where connection is made with the double line from the Quinze power plant to Schumacher. This equipment was brought into operation for the first time on March 16th, 1932. The earnings of the company-eon- tinue to increase as will 'be seen by the following comparative statement, the figures for the twelve months ending Feb. 29th, 1932. being followed by those for the corresponding period ending a year ago:â€" Twelve months ending Feb. 29th, 1932: -â€" ,. Gross earnings 3.3. 368, 529. 10 Operating and maintenance 1,,373 043 .94 Net earnings .......................... 2 395,495.16 The quarterly statement sent out by the Canada Northern Power Corpora- tion with the dividend cheques suggests an increasing use of electric pOwer in this part of the North. B. V. Harrison in his letter to shareholders under date of April 15th, 1932, says in part:â€" I inthefiaileybury district. Incammentingonthemat- ter The Haileyburian had the following paragraphzâ€"“The dark coloured birds. seen in large flocks around town yester- day, have been identified as English starlings. a species‘that was introduc» ed into the Eastern States in the year 1890. They have been seen in this part of the country before. it is claimr 'i. bu~ not in such large numbers. The 3 a“- peared to be hundreds of‘then: v n- gregated near the lake front. Th ' b 22‘.- are larger than the ordinary S)“.i‘1':'.\' ‘nocusorangm- lUl' lUlllelo Ital“: Trans-Canada Highway sic-Id be CompletedasSoonuPo-ibieto boReadyfot'theGoodTlmos ‘ Coming, Says Old Timer. ‘ Writing from Schumacher this week. iii. A. Preston, old-timer oi the North 3Land. says:â€" To the Editor of The Advance. Timmins. Dear Sinâ€"Having read about the highway camps 'that are going to be discontinued, I think it is another piece and very dark in colour. almost black. \ of foolishness and is helping to make Encyclopedias state that the European hard times worse than they are. It is sterling is allied to the crow am! that. holding back those good times they tell they have increased greatly $11109 their us are just around the corner. I think introduction into the western \‘.' 31".Cl." { they are just where they were several Increase in Use of Power In Dlstrlct Additions to Equipment at Mines in North Means More Power Used. Pumping Station for Kirkland Lake Water Supply Now Using Power. The quarterly statement sent out by the Canada Northern Power Corpora- tion with the dividend cheques suggests an increasing use of electric pewer in this part of the North. B. V. Harrison in his letter to shareholders under date of April 15th, 1932, says in part:â€" The earnings of the company'con- tinue to increase as will be seen by the following comparative statement, the figures for the twelve months ending Feb. 29th, 1932, being followed by those for the corresponding period ending a year ago:â€" Twelve months ending Feb. 29th, 1932:â€"â€"â€" .. Gross earnings .. . . ...$3.368,529.10 Operating and maintenance 1.373.043-94 Net earnings .......................... 2,295,495.16 Twelve months ending Feb. 28th. 1931:â€" Gross earnings ..................... $3,175,764.87 Operating and maintenance 1,017,594.06 Net earnings .......................... 2,158,170.81 Construction work on the new trans- mission line connecting the mining operations of Mining Corporation of Canada, who are operating Ashley Gold I'I“-.. X.- ‘k‘ ‘nA‘AAknmfih Jr“ A-AA lnot delay the opening of Moosonee fyears ago. This Trans-Canada high- ; way should be continued right on till it ; is finished, even though the money has . to be borrowed to do it, and then when 'the depression is ended it will all be ready for a big stream of tourist traf- ;fic. That is provided it runs west of Hearst, and so the tourists can leave their cars at Cochrane and take a trip on the T. . N. O. to James Bay, thus; lhelping the T. a; N. O. to earn money“) iinstead of taking it away from the} Government-owned railway. If the} highway is continued without delay then the faster the farms lands will be taken up by the settlers and make more ' room. Why does Mr. Finlayson tells us the tourist trade is the country’s best asset and then turn and force it back. instead of making it grow bigger and better. The highway will have to be .flnished anyway. so why not keep at }it? Why not propose some move that iwill delay the T. 8: N. 0. Railway to James Bay from earning money? Why I town. until times get better, if they are going to delay the highway which is going to be one of the chief things to give thousands work and homes to live in and do a great lot to help two rail- ways along that are owned by the peo- ple? I must say right here that any Government who would sooner put. a highway up over hard rocks for 200 miles just to benefit a few people in- stead of putting it where it would beneâ€" fit tens of thousands and their own railway surely would be a crazy, waste- ful Government. Additions to Equipment at Mines in North Means More Power Used. Pumping Station for Kirkland Lake Water Supply Now Using Power. ENGLISH STABLINGS IN BIG FLOCKS SEEN AT HAILEYBUBY Should Prepare New for Tourist Trade Writing from Schmcher this week. H. A. Preston, old-timer of the North Land. says:â€" To the Editor of The Advance. Tlmmlns. Trans-Consul: Bunny Should be Completed as Soon as Poulble to be Ready for the Good Times Coming, Says Old Timer. TAKE ME HOME FOR Small . . . compact . . . powerful, the Premier Spic-Span cleans and purifies car and furniture upholstery, pillows, mattresses, ledgesâ€"in fact, practically everything, everywhere in the house. It replaces stale odors with sweet, fresh air. And it absolutely prevents moth damage because it is guaranteed to KILL every stage of moth life. The Spic-Span, which plugs into any electric light socket, will do for you all M those tiresome tasks that even the best of clumsy attachments cannot do. And this offer 18 your opportunity to get one. Send your order' 1n now. WW PREMIER ELECTRIC CLEANERS The Premier Vacuum Cleaner Co. Limited - - 18 Breedelbene St, Toronto Canada N mrthem Ifowgl; Qggporation Limited --_-- -â€"_-- May be seen and specially demonstrated from Apgiglst on. Yours sincerely, H. A. PRESTON At Hailey‘bury last week at the spring assizes :1. 8.133%.» Argentite dairy- man was awarded $3, 000 .00 damages in his suit against Lloyd Lonsdale, driver of the provincial police car at Hailey- bury. The case arose from a. motor car accident in which Davis suffered some injuries and lost a. load or milk when his sleigh was struck from be- hind by the police car on Rab. 3rd of last year. A recommendation that some finan- cial provision be made for returning to bury last week. Reporting to the judge through Taylor Pipe. their foreman, stated the? had learned from the jail governor that two men from South Porcupine had finished their sentences that morning, but were without means for going back north. The judge ordered the report sent to Toronto. and said he would recomw mend action on this and on two other points raised. The others had to do with the installation of a fumigation plant at the jail, which both the jurors 1 and the judge thought highly neces-i sary. and with the addition of more bars on the windows of the cells in the court house. Incidentally. the recom- mendation regarding the fumigation pilant is the third made by succe s'slte. Grand Juries at sittings of the Assizesl and of the General Sessions. Need for Ear-Prisoners to be Helped Homeward "All you need to pay to have me start a lifetime of faithful service for you is 50:. cash and a few exceedingly small monthly payments. Send for me now." 44 BRUCE AVENUE General Auto Repairs Body Workand Painting We will estimate a complete motor overhaul, painting and body repairs. Our prices are right and all work guaranteed. South Porcupine EVEREADY SERVICE STATION The Towing Car is at Your Service (Most Up-togdate Garage in the North) v..._ v‘ â€"â€" Z Gg‘hfleman’s Gum: Steven s Amusement Parlours Phone 280 Timmins, Ontario Ron-m my Metzâ€"flmtren has 3 new city council tad u new muyor but wean-um to the Manual on: w the when: lad m u choice hem m mummmthechancewmnumy hem. billiards Thursday, _April 213t,_1932 O ruin chock. bond for Billiard; You can onioy o “no night or (lay in my mother. any canon of tho yourâ€"out! cover tiro of thin greatest indoor atimo. capaci- when p oyod on our to . on: Brunswick oquipmonl. SOUTH PORCUPINE Phone 15

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