Timmins Newspaper Index

Porcupine Advance, 9 Nov 1933, 2, p. 6

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

PAGE 81x oc EDISON MAZDA DEALERS know that cheap nameless bulbs waste current, burn out quickly. That is why betterâ€"class stores sell the worldâ€"{amous EDISON MAZDA LAMPS. MADE is CANADA Try The Advance Want Advertisements agalnst rending Sergean 6.30 Beattie Tailor Has Hand Mangled in Explosicn rom mne2nm pÂ¥l 1Cce y favourably, and i will be discharged McArthu illeg>d comm. aid which 1ynami able t( adm )mpanie ‘here ht 1( 1€ 11 1C 11 rely rry Oll 11 dfd O i] ‘d>d be 11 of it preosent under is prozressing s expected that m the hospital o whether any >A wWill be laid ‘cessary to amâ€" nmesdiately. It i hand. n that D ecided wn of hC empolng josed tG ntendsd f dynaâ€" uth, but he had Beattic il about uffering his )8 ship, may but when following of the ve that it is one of the main pillars on which rest the structure of Canadian business. One result of an active inâ€" dustry such as mining is to provide muchâ€"needed freight for cur railways. Mineral products in July last accounted for 1,373,130 tons of freight as comâ€" pared with 1,150,211 tons classed as 60 per cent. of the output, dividends and returned capital 30 per cent., and "carryingâ€"over" about 70 per cent. The industry supports a population of apâ€" proximately 60,000 souls. These all reâ€" quire food, clothing and shelter, the cost of which is defrayed out of wages. Dividends are laid out in part in the same â€"way, and in part in extending the industry.. All these disbursements insure to the benefit of farmers, manuâ€" facturers and producers generally, and it may truly be said of goldâ€"mining that it is one of the main nillars on Goid mining is not a competitive business, and the pouring of vast sums into the arteries of Canadian trade and commerce‘has been a large and powerâ€" fully sustaining force.. Of the proceeds of goldâ€"mining 30 per cent. is paid out as wages for labour, and be it said to the credit of the gold mines in this Province, there has been no reduction in wages during the whole of the "deâ€" pression." Supplies and explosives abâ€" sorb 15 per cent., power 5 per cent., taxes between 4 and 5 per cent. Altoâ€" gether, operating expenses, take about In a recent article given out for pubâ€" lication Hon. Chas. McCrea, Minister of Mines for Ontario, refers to the effect on the stability of Canada of the gold mining industry., In his article Hon. Mr. McCrea says:â€" I From the dawn of history the mind of man has been intrigued with a desire for gold. Bad times are good times for goldâ€"mining. When prices of supplies and equipment are low, the cost of proâ€" ducing gold fails. Now a new factor has been introduced. The standard and universally recognized price of gold | for over one hundred years was 85 shilâ€" | lings or $20.67 per fine ounce. In deâ€" preciated British currency the price has risen to 183 or 133 shillings an ounce, so in popular phrase, goldâ€"mining "gets it both coming and going." Canada has risen in gold production ’until this country is now second only to South Africa. In 1932 the gold outâ€" put of the Dominion amounted in Canadian funds to $71,624,801. This was 13 per cent. greater than in 1931 and 65 per cent. greater than five years ago. Of this, the mines of Ontario proâ€" duced 76 per cent., and Quebec, Briâ€" tish Columbia, Manitoba and the Yuâ€" kon, in the order named, contributed the remainder. The yearly increase in gold production will probably not be permanently maintained. The rise in the value of gold is enabling mine owners to work large tonnages of ore which formerly were too low in grade for operation. Now rock containing as low as $3 or even $2.50 per ton in gold can be made to yield a profit,. It is good business practice to utilize this low grade material, but naturally the process lessens the average value of the tonnage crushed. On the other hand, it prolongs the life of the mine. In Not Competitive Production of Gold _ Sustaining Canada for 0 lings preci risen 80 i Marked Increase in Output Places Dominion Second Only to South Africa. Canada Meeting her Obligations, Says Hon. Chas. MceCrea. 1d minin THE PORCUPINE ADVANCE, TTIMMINS, ONTARIO "Another interesting feature is the outcrop immediately west of the larg» 150â€"foot gold quartz vein at number onue shaft. A Amisk Granite intrusion alâ€" ters the number two shaft exposure of "The syndicate‘s ground covers what is believed to be the most extensive quartz shearing imbedded in a half cirâ€" cular folding, held in a vertical preâ€" Cambrian or Basaltic Rock structure, and to all surface tracings and the several veins visible outcrops existent in the several adjoining claims, make a V shaped junction, near number one and two shafts of the Syndicate‘s main holdings at Schist Creek, should make perfectly clear to the prosâ€" pective investor the exact nature oaf the risk to be taken. It still in doubt‘ read the following extract from the covv' oi the prospectus: "Practical minhning experience of wide training is coupled with pusiness of the highestâ€" order." "For technical readers the most pli\a- surable part of the prospectus is eng~â€" bodied in the description of the proâ€" perty‘s geology: \ "The Syndicate‘s ground covers what "The same prospectus contains other statements presumably printed to clarâ€" ify the unit offerings. Here is a samâ€" ple: "Twentyâ€"five percent of the partial interest is offered and sold to the public subscription according to its own parâ€" tial price value fluctuations durmg the time of mine operations being ronduct- ed by the syndicate upon its ed or leased gold mining claims." This disâ€" sertation, backs by the cordwoou offer, holdings under water. The ofâ€" fer of a summer‘s supply of ice or the delivery of specified tonnage of fish might garnih effectively the original unit or share%distribution. Almost any new company%pould suggest a bonus of enough materi®gl to make an attractive rock garden. If an effcient use could be found for moss, a lot of existing moose pasture could be utilized for proâ€" vision of "premiums.", / "Apparently no territorial restrictions at!f' put on the distribution, so that an Om ario subscriber might be led to asâ€" SU that a subscription to a $6 unit worl?gi eventually result in the delivery of avcord of .wood right to his door. This é‘_fi'er contains the germ of an idea which%}may be found attractive to proâ€" moters sof similar projects. For exâ€" ample, the writer knows of several minâ€" ing promotions which have property same time giving us a small profit, to allow to carry on the mine developâ€" ments to the benefit of the interested parties." Gives Cord of Wood With Share of Stock One of the Many Novel Schemes of the Promoter in Pushing Sale of Synâ€" dicate Stock. Mining Stock Not the Worst. It is the pot of gold at the end of the rainbow that keeps the prospector ai work, indicates the capitalist to venâ€" ture his money and maintains the goldâ€" mining industry in being. Finally, triâ€" bute is due to the goldâ€"mining industry for producing bullion which has enâ€" abled Canada to meet all her overseas obligations unflinchingly and to the last cent. costs a dollar to get a dollar‘s worth of gold. Whether this is so or not, the prizes are great. GIVE A LITTLE MORE FOR YOUR POPPY THIS YEAR L "A team of runaway horses on Tuesâ€" ' day afterncon of this week was reâ€" sponsible for the death of Mona Manâ€" ley, threeâ€"andâ€"aâ€"halfâ€"yearâ€"old daughâ€" ter of Mr. and Mrs. Leslie Manley who live in a log cabin on the Kirklandâ€" Swastika road about a mile west of Chaputâ€"Hughes. The girls‘ mother, Mrs. Alete Manley, was cut about the face by the animals when she sought ineffectually to save the tot from the | maddened team. The accident occurâ€" red about 2.45 c‘clock in the afternoon as mother and daughter were walking along the highway toward their home. They had been talking a few minutes before to Joe Cossette, 18, of 100 Prosâ€" pect avenue, and Adclard Massicotte, 27 years old, of 1 Dixon avenue, who were loading logs of wood on a wagon on the Grozelle property. The wood belonged to Mr. Manley and Mrs. Manâ€" ley and the child were watching the operations before starting back home. Suddenly, and without apparent reaâ€" on, the horses bolted and plunged down the highway. Mrs. Manley turnâ€" ed and saw the team thundering down on them, and she picked up the child and ran to the cover of a ditch to get behind a telegraph pole for safety. The horses, however, swerved right into the path of the pole and crashed into it, straddling the post and trampâ€" ling mother and child in their rush. A passing mctorist picked up Mrs. Manâ€" ley and the tot and rushed them to the office of Dr. W. C. Rumball, and from there the pair were hurried to the disâ€" trict Red Cross hospital, where the ‘lmle girl died less than three hours later from a fracture of the skull. Mrs. Manley was treated for cuts on the nose and severe shock. Constable Reg. egar investigated the fatality at the direction of Chief of Police William 6 and turred in a formal report of *,he accident. No Feason could be ascnmed by the wood crew for the runâ€" away. The horses, it was said, became frightened from some unknown cause and . dashed away without warning. The is the property of O. Cosâ€" sette, 100 Prospect avenue, who was haultiig lumber for a stable." In recent years runaway horses have been rarity compared to the days of long ago, and fatalities from runaways have been still more unusual. There was a runaway at Kirkland Lake last week, however, and as a result a little baby died and the child‘s mother sufâ€" fered rather serious injuries and shock. The Northern News gives the following report of the fatality:â€"â€" are likely to operate for years to come, and ‘the silver group, especially the more advanced operations in Great Bear Lake, because cf the prominent place that has been given to silver in the monetary structure, the substanâ€" tially higher price established for the metal and the assured advances in price as the economic recovery proâ€" ceeds. ducing now and others ne stage, says Mr. Crawford in Particular reference is mA« and silver mines of promise because of the highly favou ditions under which they 0j Death of Baby, Injury of Mother, by Runaway Team Some of the newer mining enterâ€" prises in Canada are coming to the front. They have emerged from the prospect stage with the earmarks of profitable producers. ®s investments they appear to have speculative posâ€" sibilities, because their majority probâ€" ably lies years ahead. Some are proâ€" ducing now and others nearing that stage, says Mr. Crawford in his article. Particular reference is made to gold There is no doubt that numerous properties under exploration today will fail to reach the production state notâ€" withstanding the money spent in the endeavour. Rich surface finds do not necessarily mean continuation of values at depth. If mineralization is not in the ground the spending of money will not put it there, but o8 the other hand, it is necessary to spend money to determine a property‘s possibilities. Investors in mining stocks mostly are optimists and all are looking for the pot of gold at the rainbow end. Some may be lucky and pick the right stock, while others will reap the grief. Lake Shore, Dome, MciIintyre and other of cur big producers were prospects at one time, and even thess had their share of grief before they reached their present stage and brought riches to‘ those who had the confidence to step in | in their infancy. Who is to say that there will not be other producers to compare with these among those that are struggling to get by today. To make Canada the leading mining cenâ€" tre of the world a large amount of money will be necessary, some of which may be lost in forlorn hopes, but all may go to prove a theory. I north and sauth course, as seen at Number One shaft, and it appears that Ithe quartz outcrop is being cut off on its southerly course, and hbeld in the 'formotaBa.sinin front of this ganite. In an article in the Mining Chronâ€" icle, F. J. Crawford draws attention to the development of the small mines and the possibility of their being the big producers of tomorrow in many instances. "Diamond drilling will soive the mystery. "Engineering opinion is that is locaâ€" tion is a sedimentary rock of Cambrian or Basaltic and Schistosic structure, disclosing quartz and quartz porphyry as you penetrate in depth in the Schisted outcrop, which undoubtedly is the source of the gold found in the quartz, free, as well as arcenoâ€" iron Piritus." Small Mines Likely to be Among the Producers "At the lower end of the claim apâ€" parently the entire quarts outcrop of the Nine veins is about 600 feet wide, and seem to split up and separate into nine independent quartz veins, subâ€" merging into the West arm of Schist Lake and a portion of the veins folâ€" lowing the granite contact and disapâ€" pearing below the very deep muskeg forbidding the prospector to follow its continuity. because has been promise, the y favourable they cperate for years toâ€" y cperate years to C especially article. to gold e golds le conâ€" ite and o come, lly the Depressed Acquaintance: "Well, if things don‘t improve, my husband will have to get one, too." "Chairman R. J. Mckay, with Comâ€" missioner D. A. Chenier and Mr. A. V. Waters, M.L.A., returned on Wednesâ€" day from Toronto, where they took up the matter of the power rate with offiâ€" cials of the Abitibi Company and the Receiver for the company, Mr. Clarkâ€" son. While no official announcement has been made, it is learned that there is as a results of the trip, a definite offer from the company for an agreeâ€" ment covering a oneâ€"year period. It is reported that the proposed new rate offered is on a basis of $25 per h.p. per year, on a twenty minute, monthly peak. This differs from the pressnt rate in that the town is being charged a straight rate of $50 per h.p. per year with a yearly rebate on basis of $35 per h.p. on a ten minute continuing yearly peak. It will thus be seen that the difference is one of peak only, wherein ‘the new rate is proposed to be based on a peak of twenty minutes, in place of ten, and on a monthly basis, instead of continuing yearly peak. No information is yet available as to just what difference, if any, this would make to the consumers in Cochrane, or to the Public Utilities The whole matter will be taken up by the Comâ€" missicon, for formal acceptance\or reâ€". jection, when doubtless every phase of the matter will receive the fullest conâ€". sideration." * | Proud Suburban Lady: "You know my husband plays the organ." Says $35 Power Rate Now Secured for Cochrane The Cochrane Northland Post last week says:â€" W‘f”l’l7????”’[?””7”?”’%5 TE \\\\\\\\\\\“\\\\\“\\\\\\\\\\\fl\\S\\\\\S\‘\\“\“ 11 Spruce Street South "We kept well Serve ALLâ€"BRAN with milk or cream, or cook into muffins, omelets, breads, etec. Soid by all grocers, in the redâ€"andâ€" green package. Made by Kellogg in London, Out. Two tablespoonfuls daily are usually suffiâ€" cient. With each meal in severe cases. If not reâ€" lieved this way, see your doctor. Laboratory tests show Kellogg‘s ALLâ€"BRAN supâ€" plies "bulk" to exercise the intestines, and vitaâ€" min B to further aid regâ€" ularity. The ‘"bulk‘" in ALLâ€"BRAN is much like that in leafy vegetables. ALLâ€"BRAN is also rich in bloodâ€"building iron. Stand guard over the health of your family this winter. Correct common constipation the safe way â€" by proper diet. Serve them freâ€" quently with a delicious l cereal. 'M PO RTA N T ! THOUSANDS of people "kepi on the sunny side of life" last winter. They kept themselves free from common constipationâ€"the ailment that so frequently tears down resistance to "colds" and other winter infections. NEW TRANSFER NIGHT 862â€"J PH WE HAVE ALL KINDS OF sSTORAGE ROOM FOR ALL KINDS MERCHANDISE, WE ALSO DO CRATING OF FURNITURE last wirnterw=" Black Muck, Gravel and Sand for Sale at Reasonable Prices. Also Two Lots for Sale near the High School, One a Corner Lot GIVE US A CALL WHEN IN NEED i Keep on the sunuy side of lifie 24 y â€"Exchange "Brother Jones, what am de status quo?" asked a member of his parish. "Dat, brother," said the preacher, "am Latin for de mess we‘s in." "Brethren we mus‘ do somethin‘ to remedy de status quo," said a colored preacher to his congregation. Kellogg‘s cause it is all brar with only flavor added, gives you the generous amount of "bulk" needed to proâ€" mote proper elimination. It is recommended a3 much more efficient in reâ€" lieving constipation than partâ€"bran products which cannot contain as much "hulk." Wake up your Liver Bile OFF COLOUR? HOW IS YOUR LIVER? very small ¢ all dr Without Calomel ‘organ, bus it cerâ€" tivh and celiminative using to pour out its bhile into your bowels ect such a condition water, laxative candy wuge. When they‘ve e throughâ€"and you \\I” soon briog bacek n, but it cerâ€" d eliminative _pour out its o your bowels h a condition axative ecandy Exchange ly vegeâ€" Refusa 45

Powered by / Alimenté par VITA Toolkit
Privacy Policy