Timmins Newspaper Index

Porcupine Advance, 9 Aug 1934, 2, p. 3

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Importance of Gold Mining as Factor in Canada’s Recovery Greatest Single Factor in Helping the Dominion Through the Depression has been Gold Mining, Says Hon. W. A. Gordon. Thirty New Gold Mills Spring up in Canada. Large Increase in Mining Activity. In the following article Hon. W. A. Gordon, Minister of Mines for the Dominion of Canada. and for many years one of the North Land's most prominent and helpful citizens, ex- plains that gold mining has been the greatest single recovery factor in Can- ada. Hon. Mr. Gordon’s article in full is as follows:â€" The course of world. political and economic events since last year's annu- al number of The Northern Miner has tended to greatly increase rather than to diminish the competition for supplies of gold as a basis {or currency issues and for the settlement of international debts. Rarely in the history of the world has the private hoarding of the yellow metal been as great as it is now reported to be from London and other European centres. It is little to be wondered at, then, that the feverish- ness evident in the gold industry of Canada a year ago was greatly intensi- fied when President Roosevelt took the initiative in further increasing the price of gold to 35 American dollars an ounce, with the result that there has been a very marked inflow of outside capital of American and British origin. as well as of Canadian. into the for- mation of an enormous number of new companies to develop and bring into production the Domini-on's liberal en- dowment of gold resources. Gold Mining Motivating Force The rising tide of activity in the gold industry is without doubt singly the greatest motivating force in the crea- tion of the happier atmosphere that prevails in Canadian business and em- ployment than prevailed a year ago“ From this single phase of Canada's metallic resources production during this year will be valued at above 3100,- 000,000, most of which will go into cir- culation within the Dominion. Diviâ€" dends of the metallic mining industries, which for the first half of 1934 were in the neighbourhood of $25,000,000, are already to a great extent being ploughed back into the exploration and development of the gold resources. The almost innumerable programmes of development take in all the gold- bearing regions including those in Nova Scotia, Quebec, Ontario, Manitoba, Saskatchewan. Alberta, British Colum- his. and the Yukon. Though quantit- atively the Canadian production of gold has not begun to reflect the com- ing into operation of new mines, there are not lacking indications that within a comparatively brief period the Do- minion’s output of the precious metar will exceed the previous record. The annual output is currently held in check simply because certain mine managementsâ€"mostly among the larg- est producersâ€"can at the present high price of gold go profitably over the older workings a second time, and sometimes a third time. The promo- tion'of formerly waste material to ore has added immensely to the Domin- ion‘s gold resources. Progrem in Gold Mining In no other field of Canadian en- deavor has there been more marked progress in recent times than in those industries which have to do with the winning of the Dominion's mineral wealth. As a result of boom conditions in metallic mining, especially gold, manufacturing industries throughout the Dominion supplying electrical and mechanical machinery. explosives. chemicals and other requirements of the mining industry have taken new heart. The mining industry is pro- Vlding either directly or indirectly pur- chasing power, salaries and wages in all corners of the Dominion; it is a pro- mlnent factor in the steadily increas- ing carloadings on Canadian railway systems, and has afforded the agriculâ€" turist additional markets which can well afford to pay reasonable prices for his produce. Considering only what might be termed commercialized plants, the gold industry had fifteen new mills brought into operation in the {our ma- jor gold provinces namely, Quebec, Ontario, Manitoba and British Colum- bia, during the first half of 1934. This is but merely the first instalment. as it were. of plants rushed forward to completion immediately gold rose above its standard valuation. Though it would be unfair to presume that the new mines did not have a chance of success at the old price of gold, they are. without doubt. the first fruits of THURSDAY. AUGUST Every Sunday Midnight Wednesday and Saturday from 9 till ? DANCING 2%" NW Riverside Pavilion Come and enjoy an evening of Dancing on the shores of the Mattagami River. JIMMY McFADDEN and His CLUB ROYAL ORCHESTRA Jitney’,Dancing 1934 expansion of about 30 per cent. in fifteen months; and by the beginning of 1935 the plans already formulated indicate that at least 25,000 tons of ore will be crushed each day which will represent an expansion of some 50 per cent. within the space of two years. Base Metals Exports Increase 135 Per Cent. Turning to other phases of metal mining in Canada it was with no un- due sense of optimism that in my arti- cle a year ago I made the forecast that for the full year 1933 the quantities and values for mOSt items of the Domin- ion’s metallic production would be in excess of what they were in the preâ€" vicus year. The resourcefulness and ability of the producers of nickel, cop- per, lead and zinc had brought the. country's great industrial metals mines and smelters through the period of falling prices and stagnant markets with their facilities for production not in any way crippled but rather strengthened by the plant additions and metallurgical progress of the period. There was during this period still further development of the Do- minion‘s base-metal resources and the addition of more refining facilities to allow Canada to place on world mar- kets steady supplies of refined metals 3f pre-eminent quality, am: the upward trend in the base metals industries has been maintained. In the first five months of the current calendar year for example the exports of copper re- corded a quantity increase of 54 per cent. over the similar period a .vear ago, zinc eXports in the same compari- son advanced 57 per cent. and the value of nickel exports by no less than 149 per cent. Only lead of Canada’s base metals experienced a slightly draggy foreign market compared with a year the new boom in development of gold ptoperties and they are employing from 25 to well above 100 men each in mine and mill operations which are com- parable in magnitude with the initial undertaking at the Lake Shore mine. or particular interest in this connec- tion is the fact that, with only one or two exceptions, each of the fifteen new gold mills represents either a new gold- producing area or the rejuvenation of a long-dormant gold camp. Thirty New Gold Mills Nearing the point of operation, or with construction well advanced, are some 30 other gold mills that will give to Canada many additional gold-pro- ducing areas. This is exclusive of the energetic restoration to production of former gold mines in Nova Scotia. Without considering small pilot mills and the large number of projects for mill construction that have not taken definite form, Canada will have unless all signs fail in the neighbourhaad of 30 gold mills in Operation by early 1935, a number that compares with approximately 48 at July 1st, 1934, and 38 at April, 1933. At a period when factory construction generally has been at a low ebb, the building of these new gold “factories" represents an indus- trial achievement that is not matched anywhere throughout the Dominion’s industrial fabric. While.placer-gold mining is making rapid forward strides in British Colum- bia and the Yukon and much large- scale equipment is being installed there, it is from the expansion in the milling of gold-bearing ores that the growth of Canada's gold industry can best be depicted, and yet even this picture will not portray the beneficial effects on business of the great number of de- velopment programmes in progress. From April 1, 1933. to July 1. 1934, ex- cluding altogether such expansions as have occurred in the copper-gold in- dustry, the amount of ore daily pass- ing through gold mills has increased from roundly 16,900 to 21,800 tons. an ago, the decline, however. being less than four per cent. Much of the cre- dit for Canada's advancing sales of metals goes to the United Kingdom, as a few figures will illustrate. In the twelve months ended in April. 1934, the exports of copper to the United King- dom were worth 11.5 millions of dollars compared with under 6.4 millions in the previous twelve months; lead exports to market 3.3 millions against 1.9; nickel 9.4 against 1.0 and zinc 4.4 against 2.0 millions. The United King- dom's purchases of the four metals as a whole, at more than $28,500,000, thus exhibited an increase of 154 per cent. over the previous twelve months. To all «Minutes Canada exported in the period mentioned over “3.000.000 worth of then metals as compared with $20.- 750900 worth in the previous 12 months. a gain of more than 135 per cent. THIS August marks the Thirtieth Anniversary of the Ford Motor Company of Canada, Limited. Years move fast in the automobile business and time brings many changes. 1934 Just thirty years ago the first Ford was mak- ing its appearance on the roads of Canada. It looks strange and old-fashioned to us now, but in its day it was a great car. Many Canadians still remember their pride in it and speak kindly of its performance. It was a pioneer and it blazed new trails. The Ford V-8 of today is far different from the Ford ca} of 1904. Different in FORD MOTOR COMPANY OF CANADA, LIMITED Phone 440 THE FORM ADVANCE, ms. ONTARIO t1 structlon put. up 2 per cent lmt 20 . gypsum )er cent. « McDowell Motors cent.. cl FORD V-8 85' )mduc appearance. Different in design. Different in almost everything except the fact that it runs on four wheels. Yet it, too, is a pioneerâ€"blazing new trails of performance and value â€" bringing a new kind of transportation within reach of all the people. Now, for the first time in the history of the automobile industry, a V-8 cylinder automobile is available at a low price. No other car under $4000 gives you the matchless speed, power and smoothness of a V-8 engine. Such quality would not be possible if it were not for Ford policies and Ford methods of production. Back of the Ford V-8 are thirty years of progress in engineering and production. Built into it are the reliability (‘hoque’s “Certified” Stamp was Cleverly Pencilled There was an unusual "bounclng" cheque case at Kirkland Lake last week, the case being odd in several ways. In the first place the cheque was a forged one and so cleverly done that it passed the teller in the bank coast and the Appalachian area oi Southeastern Quebec and the Mari- time Provinces. Included in the me- tallics under development are nickel~ chromium deposits in British Colum- bia and chromium and molybdenum orebodies in Ontario. All mineral ex- ploitation. however. is by no means concerned with metallics, for drilling for natural gas and oil is being actively prosecuted in Alberta, Ontario. Quebec. Manitoba; Saskatchewan and British Columbia. with important results al- ready achieved this year in Ontario. Alberta and Saskatchewan. notably in the last-named province where for the first time a large source of natural gas has been found. Discovery of sulphur in the course of drilling [or natural gas is reported in Southwestern On- tario and a pyrites deposit in Quebec is being exploited for use as a source of sulphur dioxide. Continuance of the development of sodium sulphate deposits in Saskatchewan and feldspar deposits in Manitoba further empha~ size the breadth of mineral exploitation that is taking place almost everywhere over the Dominion and that in the fullness of time may be expected to add to Canada’s sources of income from her mineral wealth. Authorized Ford Dealer accused man had covered his tracks very cleverly he was traced and taken off the T. N. 0. train at Englehart two and a half hours after the police were notified. This good work of the provincial police is not as unusual as some may think. but it is worthy of note for the cleverness matched against the slick forger. The “bounc- ing" cheque was supposed to be on the Dunnville branch of the Bank of To- ronto and it appeared to be stamped “certified" by the "bank. The certified stamp, however, turned out to be cleverly drawn on with pencil. and the but was spotted by the manager later. The provincial police were notified and did such good work that though the wxm BUILDERS’ SUPPLIES HILL-CLARK-FRANGIS LTD. PHONE 126 Sanding Floors A Specialty and economy that you have always associated with the Ford car and a sincere desire to give you the most for your automobile dollars. Ford cars sold in Canada are made almost wholly in (.‘anada, of Canadian materials, by Canadian workman. In the last ten years, (he w _ l‘ H E Ford Motor ( 'ompany o I Canada, Limited, has spent in Lamuia $262 0.00 000 for materials, wages, on . This expendituro ropresvnts a substantial contribution to the prosperity of Canada. $34 A MONTH AND A REASONABLE DOWN PAYM EXT NOW BFYS A FURD V-B LOW R E l') U( ZED PRICES See the nearest dealer for detail: 8 Balsam St. South («WWWWWFMMWWWfi CANADIAN CAR” Hanna Heraldrâ€"Just about the time a mun gets enough money to buy 81- most anything he wants. he discovers than he doesn‘t, want anything. cheque was a complete forge case should be remembered time that a bank ‘eems to be 1m ux' cautious t cashing I’urd VA! 3' icloriu PAGE TREES ary. This the next too care- a cheque. This

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