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e ser God‘s Lake ... Granada ................ Gunnar...................., _Hardrock ... ... Hollinger ............ ... HCwey ... ......0... _ Hudson Bay ... International Nickel ~Jackson Manion ... Kerr Addison ...._....." Kirkland Lake ... Lebel Oro ................ ;L,eltch .............. ‘Lake Shore .. e Gold . ittle Long Lac Macassa .................... McLeod Cockshutt ... Manitoba East ... McIntyre ... McKenzie Red Lake McVittie Graham ... McWatters .. in Mining Corporatlon Moneta ... .. ............. Nayhoh ... _ ... Nipissing ... ............. Noranda |.......... ... O‘Brien In Ontario‘s Larder Lake area, Barber Larder is the rising star, with important mine indications. Omega, Kerr Addison and Martin Bird conâ€" tinue to develop favourably. Oriote has new davelomm of promize.. lvlmdld nm Pamour ....... ... Paymaster oo Pickle Crow ............. Pioneer .. | Prestcn East Dome Premier ............ Read Authier .. Red Lake Goldshore Reno .. San Antonio Shawkey .. Sherritt Gordon St.. Anthony .......... . Sullivan Con. ... ... Sudbury Basin ... ... Stadaconma ... ...... Sylvanite ................ Teck Hughes . Ventures .......... ns Wright Hargreaves White Eagle ..... Rerfey Albany River Brengold ... ore outlook on Powell Rouyn. Regardless of wars and stock marâ€" kets, mining and oil developments denote continuous progress. Recent highlights in Quebec are the iIndications of big mine probabilities on Sladen Malartic and East Malartic, De Santis Eldorado ... Falconbridge Glenora ... ... ... BTEEL c c Base Metals ....... ..... Big Missouri .. Beattie .. .. ...... Bidgood Bobjo ... ... Bralorne ................ Buffalo Ankerite ... Canadian Malartic Castle Tretheway .. Central Porcupine Central Patricia ... Coniagas ... ........ Coniaurum ............ Cons. Chibougamau Darkwater ... iA In the Porcupine camp, Moneta and In the Long Lec camp, Hardrock is [ Toâ€"day‘s Stocks | Along Canada‘s Mining Highway (new) Toronto ._ Kirkland Lake 293 Bay Street 34 Government Rd. at depth. Other Market Quotations broadcast each day at 12.20 noon and 5.20 p.m. Direct private wires for fast and accurâ€" ate quotations and executions in all Unlisted Stocks Commision basis only Local Phones 1200 and 1201 Acourate Markets and Executions in Timmins, 19 Pine Street North Bid »P Mining Stocks Industrial and Public Utility Stocks ...5.10 2.35A 51.50 .. 4 . 4.95 ..5.05 134 46.25 ... 182 ..0.30 1.05 In Alberta, the Turner Valley oil field is showing rapid expansion. Reâ€" cent newproduction successes indicate important future dividends for Royalâ€" ite, Brown Oil, Davies Petroleum, Monarch, â€" Fourdation and wealth. One hundred miles to the south of Turner Valley, at Taber, the Plains Petroléum Company has attainâ€" ed success with a commercial producer. British Columbia has new gold inter. eat on the west cosst of Vancouver In Patricia, the Albany River mine, after a long period of uncertainty, is developing important ore. Crowshore, adjoining, is proving th> continuance of the favourable structure. The next largest beam used in the north for such a purpose was built into the Uptown theatre, Kirkland Lake. preparing for production, with the mine indicating an important future. Rouyn, Nov. 2.â€"The largest steel beam to come to either of the twin towrs for a building outside of the Ncranda mine arrived some days ago for the new theatre being erected in Rouyn for D. Korman by ‘Hillâ€"Clarkâ€" Francis. The beam weighs seven tons. is 49 inches high and will carry the balcony of the theatre. Hutchison Lake, on undergrcund work,â€"is shaping up favourably. And it is quite evident that the residents up there should be compliâ€" mented on their discriminating taste in liquor. There were "2 Old Par", "Dewar‘s Special", ‘"Gilbey‘s Orange Gin", branâ€" dies, beer, and various items, all of good quality, showing that just anyâ€" thing is not good enough for the peoâ€" ple of the mining campn on the Montreal River. Haileybury, Nov. 2.â€"The constables‘ room bore somewhat of a resemblance to a small section of a liquor store on Mcnday morning as the result of some raids pulled off in Matachewan the preâ€" ceding night. Largest Steel Beam in _Other than Mine Building Earlier in the year, after the debenâ€" tures were issued, Mayor Bartleman suggested that they be sold to a finanâ€" cilal house, other than a brokerage firm. He suggested an insurance company. The suggestion was opposed by Counâ€" cillor Laporte. Before the tenders were opened on Tuesday the remainder of the council agrsed with Councillor Laâ€" porte that only the tender of a brokerâ€" age house would be accepted. A special meeting of council was held on Tuesday afternoon to discuss the matter. There were three tenders for the â€"~debentures kut only onz of them was for the full block. Matachewan Folk Have Good Taste in Liquors The whole debenture issue of $336,000 recently put out by the town of Timâ€" mins, has been sold to the brokerage firm of Harris, MacKeen and Goss and Company, of Toronto. Are Three Tenders for Issue of $336,000. Hold Special , Meeting Council. Complete Debenture _ Issue Sold Monday Empire Gold ... ! Jowsey Denion Gale Gold ........ . .. Gilbec . hoi rved Hallnor ... Hugh Pam .......... uy Lamagque ... Magnet Lake ... Qssian ........ BW O‘Leary Porquin ... Porc. Creek (units Presdor Porcupine Lake ... United Porc. ... Wood Porc. (units) VIMY ... efi YÂ¥oung Davidson 3.25 6.00 10.00 28 78.00 10 14 6.50 It was announced at Toronto on Tuesday that motion to order and apâ€" prove the sale of assets and reorganizaâ€" tion of the Abitibi Power and Paper Co., Ltd., will be heard before Mr. Justice McTague at Osgoode Hall, on Wednesday, Nov. 10, at 11 o‘clock, Toâ€" Mr. Jardine wasn‘t familiar with the arrargement by which Williams took over the mine. "This property." he said, "is a small mine that had been previously. One cculdn‘t say that Williams discovered itâ€"he acquired it. There never was a great deal of work done on it, but a few carloads of ore were shipped out." Hugh Jardine, cperator of the Capps gold mine nearby, told The Star the property now held by Williams had been worked before. He said Williams had had cre assayed at his mine and that it had rated at $20 a ton and more. The Toronteo youth, he said, was now down to the 40â€"foot level. Motion for Sale of Abitibi to be Heard November 10 Williams says he has been "dabbling" in mines for the past two or three "I was up in the Timminsâ€" Porcupine area for a year and a half," he recalled. "That‘s where I met the sople who gave me the bug of going to North Carolina." "What do you intend to do with your money?" "I‘m going to put it into more mining in the North Carolina section," ho said. "And you think this will make you a lot of money?" "I think it has a good chance of making me a millionaire," was the reply. For about a month and a half, acâ€" cording to Williams, he worked on a friend‘s property near Charlotte to make enough money to come back to Canada to raise capital to back his mine. He remained here only a week. "I worked seven weeks on the properâ€" ty with from five to nine men all the time, and am going back to the proâ€" perty tomorrow," he said. "We‘ve gone down 40 feet now, with a solid oak shaft. ard last report was that at 40 feet the vein was four feet wide and showed $25.55." "I was pretty broke," said Charlie, "and had to borrow $25 to make the trip. Then I turned around and drove 24 hours steady to get back to the proâ€" perty." Bcrrows to Get Back By this time Bud‘s vacation was nsaring an end, so Williams drove to Buffalc, where he was picked up by friends. It didn‘t, aczcording to Williams, take him long to draw up a contract, promâ€" ising payment of $15,000 for the proâ€" perty. "It is right in the middle of a cotton field," he related. "With our hands we griubbed about the shaft in all directions and tock samples. It ran $19.60 a ton Then we went through the words to the river, which is on the border of our property, and found a series of pits. Here we picked urp a vein which ran to $30 a ton, and then we knew had something." A week after their arrival the pair ran acrossé a property that Williams had given up as a bad job a year beâ€" fore, after testing and finding an assay of only $1.50 a ton. _ _"We wert down on my brother‘s moâ€" torcycleâ€"I had $2, Bud had $50," Wilâ€" liams, who took a year of geology at the University of Toronto, related. "We tcld the men at the border we nad $100 each. I drove the bike and Bud rode on behind, and we covered the 900â€"o0dd miles in about two days. Bud wanted to enjoy himself and I wanted to work in the mines down there and get exâ€" perience." During the day they jaurted about the countryside on their motorcycle, loocking over various properties, and doâ€" ing a little prospecting, Williams told The Star today. "We wandered about with a prospector‘s pick and sample bag. Everyone down there will try to sell you a gold mine." "Yes," Charlie, redâ€"headed and son of a minister, puffed thoughfully on his pipe, "this mine should make me pretty close to a millionaireâ€"make more money than I could dream about. I feel sorry for ‘Bud, though, because he didn‘t have enough money to come into the syndicate. Still, I‘m going to see that he doesn‘t lose out on it." It was during Brash‘s holidays that they made the trip. Grubbing around with their hands in old mine workings in a cotton field about 35 miles from Charlotte, Charles Williams, 23, and C. G. "Bud‘" Brash, office boyâ€"clerk in the Toronto Stock Exchange found ore assaying around $20 a ton, Williams related. Immediately a contract for purchase of the property was drawn he said, and now a shaft is at the 40â€"foot level. Gold Mine With $52 between them and their means of transportation. a nolsy motorâ€" cycle, two Toronto youths last May headed down to North Carolina "for a holiday". Today one of them says he owns a big interest in a gold mine that has $100,000 backing, and the other kicks himself verbally every time he thinks of the mine they found. ycung man, Charles Williams, referred to in the following article from The Toronto Star on Monday, worked in a Schumacher drug store for a year or two some two or three years ago. The Toronto Star‘s romantic story ‘of the matter is as follows:â€" Hopes to Realize Million from Former Schumacher Lad New Mine Owner Romantic Story Told of Young Man who Hopes for a Million from Southâ€" ern Mine. The trend in gold mining wages in the past ten years is indicated by a series of figures prepared by the Doâ€" mirion Bureau of Statistics and reâ€" cently released. In studying these it is apparent that the greatly decreased preduction of gold in ounces per wageâ€" earner year is partly due to the mining cf lowerâ€"grade ore with the advent of higher gold prices, says The Northern Miner. The increase in the cost of proâ€" ducing an ounce of gold is rather striking, bowever. The following tabuâ€" lation indicates the trend clearly: Qunces of gold _ Cost of Produced per Wages Wage Earner Year Per Ounce ‘Fotal s 6 Total for Ontarioâ€" January ... ... . 6. February .......... 6 March .............. 6, 6, May insd June ... Eim 6, hfi e 6, August ... ...0.... 6 September ............ 6, Cost of Producing An Ounce of Gold Ounees of Gold Produced Per Wageâ€"Earner Year. Cost of Wages per Ounce 1,061,418 Northwestern Ontarioâ€" Jan. to June ‘...... 4,442,046 TUIY iss 776,154 August ... ...0... 841,857 September ........... 908,072 Total ........:.=. Matachewanâ€" Jan. to June . .cy . August ............. September ... 26,031,929 Kirkland Lake Beltâ€" Jan. to June ........17,049,017 Puly y 2,820,900 August ... e â€" 2,731,137 Szptember 2,622,448 Porcupine â€"Beltâ€" $ $ Jan. to June ... 16,745,920 19,127,047 July s iss t 3,234,931 3,340,497 Augugt ... 2,065,100 3,335,350 September ............ 2,985,978 3,242,081 Production by gold mines in Sepâ€" tember 1937, as reported to the Ontario Department of Mines, also comparative figures for Sept. 1936 are shown below. All values are in Canadian funds. Monthly.Qutput .of.Ontarioâ€"Gold Mines 1936â€"37 The average grades of ore in the two most important areas were $13.62 at Kirkland Lake and $8.94 at Porcuâ€" pine. Dluring September 45 mines as inâ€" dicated above, reported production, the highest being Hollinger with $1,200,516 followed by the Lake Shore with $1,â€" 140,379; McIntyre $678,997, Wrightâ€" Hargreaves $638,952 and Dome $601,631. The total value of the bullion marâ€" keted by the gold mines for the first nine months of the year, and exclusive of the byâ€"product gold recovered in the refining of nickel and copper, was $65,â€" 137,357 as against $59,284,928 for the corresponding period of 1936, or an inâ€" crease of 9.87 per cent. The total production for September was $7,182,487 as against $7,400,247 in August. The decrease is more apparâ€" ent than real, since the short month of 30 days gives an average daily proâ€" duction value of $239,416 while in Auâ€" gust it was $238,717. The significant factor however is the improvement in tonnage milled, which increased from 723,887 tons in August, for all mines, to 742.357 tons in September, the hizhâ€" est rate yet recorded. These,. figures are cumulative monthly totals and therefore subject to some slight reâ€" vision. 1 Grand Total ....59,284,978 65,137,357 Patricia Portiortâ€"(7)â€"Argosy. Cenâ€" tral Patricila, Howey, J.M. Consolidated, MacKenzie Red Lake, Pickle Crow, Red Lake Gold Shores. Algoma Districtâ€"(4)â€"Algoma Sumâ€" mit, Darwin, Edwards, Parkhill. Thunder Bay Districtâ€"(7)â€"Bankâ€" field, Leitch, Little Long Lac, Northern Empire, Sturgeon River, St. Anthony, Tashota. Matachewanâ€"(2)â€"Matachewan Conâ€" solidated, Youngâ€"Davidson. Kenora and Rainy River Distr ictsâ€" (2)â€"Flora, Wendigo. Porcurineâ€"(11) â€"â€" Buffaloâ€"Ankerite, Coniaurum, Delnite, Dome, Gillies Lake, Hollinger, Hollinger (Ross), Mace, McIntyre, Pamour. Paymaster. Kirkland Lakeâ€"(10)â€"Bidgood, Kirk.â€" land Lake Gold, Lake Shore, Macassa, Morris Kirkland, Omegi, Sylvanite, Teckâ€"Hughes, Toburn, Wrightâ€"Harâ€" oOntario producing gold mines by fields for the month"of September folâ€" lqw_. _as _given by the Ontario Dept. Hollinger Bi Producer in Lake Shore a Close Second in Gold Output for Sepâ€" tember. Sudburyâ€"(2)â€"Lebel Oro, New Gold. ADVANCB. TIMMIN®B, ONTARIO on ooo dn s 137 218 9 6,234,414 6,111,006 6,714,506 6,646,735 6,511,801 6,751,195 6,941,457 6,1753,125 6,620,739 6,968,129 132,674 109,472 115,031 104,241 Value 26,198,955 44,975 17,601,120 3,002,529 2,839,789 2,1755,51"7 7,120,010 6,895,604 7,308,394 6,979,588 7,315,799 7,040,834 7,530,394 7,400,247 7,182,487 8,553,205 5,431,099 1,024,974 1,055,102 1,042,030 1,340,222 10.48 11.32 Valu a 64,96S 162,394 170,008 142,859 6.31 7.18 The swords are made by craftsmen who have for generations been engaged in swordâ€"making. One man begins the task of changing a short, rusty bar of Most of these swords are forged in London, England, by a firm which beâ€" gan in 1772 and which even toâ€"day does most oft he work by hand. Long ago the Toledo blade was the thing. Swords canâ€" rot be turned out by mass production; they have to be made. To change a bar of steel into a finely tempered blade needs a subtle skill. Machinery has shortened some of the processes but an eighteenthâ€"century swordsmith would recognize a resemblance of meâ€" Though the sword is now decorative rather than useful, yet as an ornament and symbol of rank it is by no means out of fashion. Hundreds of swords were to be seen on Coronation Day. British army and navy officers all have swords; diplomats, politicians and various high officia‘ls wear them at Court. We are glad to express agreement with our fellowâ€"worker, Mr. Wellington Jeffers, Financial Editor, in his arguâ€" ment in favour of lower margins on the Toronto Stock Exchange. One nation‘s mistakes may be another‘s gain, and it looks as if things could work out that way in this case. We maintain that satisfactory collateral for~ any loan, stock exchange or otherwise, should be a matter for the decision of the individuals concerned. Any other plan is plain financial dictatorship, which may easgily be the first step to political dictatorship. Canada Imported $4000 Worth of Swords Last Year As we have said before, speculation is another word for progress, and more than that it is impossible to eradicate the gambling spirit from the human makeâ€"up, as witness the vast sums passing through the pariâ€"mutuels of the various race tracks of the continent and the nationâ€"wide shelling out for the sweepstakes of the season in Great Britain. are rot conducted in defiance of the laws of the land they should be alâ€" lowed to formulate their own rules, so long as they are fair to buyer and seller. If exchanges are not beneficial to the public at large, they should be abolâ€" ished. We consider this a fair, dispassionâ€" ate explanation of the situation on the other side of the lineâ€"another proof that the New Deal intends to have its finger in every business pie. Without going into the broader question of the economic value of stock exchanges and the manner in which they are conductâ€" ed, and without passing an opinion upon the final influence of marginal trading upon the welfare of a nation, we suggest that while the exchanges "You can attack the shadow through the substance; you cannot attack the substance through its shadow." ‘"Nor is this to say that we cannot have greater stability with respect to security prices. There can be, and should be, greater stability. But that stability must come, if it comes, through business itself, not through the millions of pieces of paper that are traded in on the nation‘s exchanges. ‘"Those same persons would never suggest ‘stabilizing‘ a thermometer; nor weuld they think of fixing the pantry scales so that, no matter what one put on then, they would always show the same weight. The word in this case is not ‘stabilization.‘ It is ‘interference.‘ The process is simply priceâ€"fixing in cnhne more new guise. "There is no doubt that, quite aside from those who cherish such weapons for their political usefulness, there are many who believe that they are good things, because they help ‘stabilize‘ the markets. ‘"When a whiff‘ of speculation is needed, margin requirements can be sharply reduced, and, if last week‘s perâ€" formance is a fair trend, it will not even be thought necessary to offer an exâ€" planation. If, on the other hand, the White House dominated board at any time needs a blunt instrument to crack down on Wall Street‘s skull, it will have it ready at hand. (Fernland Gold Prepares | ~â€"â€"for Work Underground "Thus we have arrived at the point where margin regulation, once used by the Exchange purely in the cause of financial soundness of its members, has now become another politicalâ€"nancia) mechanism in the hands of one of the most managerial bureaus in Washingâ€" ttn. (By Mining Editor, Globe and Mail) Discussing the action of, the: Federal Reserve Bark of the Unibed States in taking upon itself the power to reguâ€" late margins, which in effect is priceâ€" fixing in another formâ€"a government ukase as to how much collateral a borâ€" rower must put up and a loaner deâ€" mandâ€"the Herald Tribune of New York in a recent issue says: Objects to Margin Control in Stocks Sees Danger of Political Dictatorship â€" Following Financial Interference zone shows $6 across 15 to 20 ft. widths, and a second more southerly, has inâ€" dicated irregular values from $7 to $12 with about similar widths. In many respects the indications are similar to those existing on the Omega which is milling around 500 tons daily, and proâ€" ducing $80,000 monthly average from which operating profit is estimated nearly $30,000. Fernland Gold Mines, in the Lardâ€" er Lake area, and adjoining the Omega on the east, is now prepared for shaft sinking and underground development. This property is under direction of Ventures and Angloâ€"Huronian, and two One of the big features of the Fire Fighters‘ dance in the Empire hotel tocâ€"morow (Friday) night will be the 12â€"piece orchestra. Al Pierini and his dozen of clever musicians may be deâ€" pended upon to produce a sufficiency of gcod dance music for the occasion. Dancing is scheduled to start at 9 p.m. sharp, and there is not the slightest doubt but that all attending will have a very happy and delightful evening. Tickets for this dance may be secured from ary of the local firemen. Timmins Fire Fighters Association. Local No. 535, is presenting its first dance toâ€"morrow (Friday) night. This is by no means the first event of its kind held under the auspices of the local firemen. Indeed they have dozens of sugcessful and pleasing dances and cther social events to their credit. The event toâ€"morrow nright, however, is the first dance to be presented by the Timâ€" mins Fire Fighters‘ Association, Local No. 535. Men of the local fire departâ€" ment joined this union some time ago, the charter and other formal proofs of membershin arriving several days ago. Another Special Feature at Event in Empire Hotel Tomorrow Night. _ Most of the $4000 worth of bayonets, swords and fencing foils, imported into Canada last year according to the Exâ€" ternal Trade brarch of the Dominicn Bureau of Statistics, came from the United Kingdom. 12â€"Piece Orchestra â€"at Firemen‘s Dance From London have come many faâ€" mous swords. For example, Queen Vicâ€" toria‘s Jubilee sword, Kitchener‘s, one for the new King of Egypt, and an executioner‘s sword for China. Thse most expensive one was a $50,000 State sword ordered by an Indian ruler as a present for Edward VII. Many of the blades are decorated by a craftsman who works with pencil and paper, with paint brushes, acids and microscopes transferring regimental crests to cold steel. fine cast steel into a long bright, sharp, flexible blade. Another working with an emery wheel, the largest grindstone used in industry, grinds the raw blade and passes is on to be polished. TIMBER COMPANY LIMITED though wrapped in a blanket, with Red Top Insulating Wool Easy to apply and fireproof. It actn:lly pays for itself in fuel savings. Cover your walls with this brickâ€" _ We carry storm sash and doors in like insulating material for _ sizes for every opening, also re« greater â€"warmth and . movable pane! combination weather protection. secreen and storm doors. During the long, indoors season, you‘ll want real comfort and lots of it! This is the time to prepare your home before winter sets in. Get in touch with us toâ€"day and make a start. You‘ll be surprised at the low cost of the necessary materials. | is ce CA hi d i 3t . d 30 s it sc ns .A . ol e ca td A au Quarter of a Century A. WILSON LANG Telephones: OFFICEâ€"295 RESIDENCEâ€"662 GORDON BLOCK Red Top. Insulation Insulâ€"Bric Siding For Twentyâ€"five Years 1 have been continuously enâ€" gaged in the business of General Insurance, representâ€" ing all through those years the same timeâ€"tried comâ€" panies in Automobile, Fire and Life. â€"TI am working for my custemers, and not for any particular company. DISTRICT AGENT FOR MANUFACTURER‘s LIFE HEAD OFFICEâ€"SCHUMACHERâ€"PHONE 108 MILL OFFICEâ€"â€"TIMMINSâ€"PHONE 709 Give your home the added proâ€" lection of fine quality O. P. W. paint. Wide choice of colours. Reâ€" reof now and take no chances with costly damage from a leaky roof during the spring thaw. ‘ _ Roofing and Paint Huntingdon Gleaner:â€"Probably the world‘s oldest hall of fame is in Genoa, Italy. Established some 500 years ago, it allowed any citizen to elect himself and to determine his "fame" with a gift of money. More than 100,000 lire enâ€" titled the donor to a statue in a seated position, between 50,000 and‘ ‘100,000 to one in a standirg position, between 25,â€" 000 and 50,000 to a bust and lesg than 25,000 to a tablet. The executive will see that captains are chosen and teams formed. The folâ€" lowing is the list of those already inâ€" terested in basketball: T. J. Moore, T. Resley, F. Shewlski, J. Heath, H. Babbie. H. Haywood, R. Sturgeon, A. Bradon, A, Dunvigan, D. Duxfield, S. Hass, M. Greenpout, H. Sweet, R. Anderson, U. Halin, Basil Davis, B. Kuly, W. B. Sparks, P. Robinson. The physical training group were a little late in making their appearance. They are reminded that one hour will be devoted to training exercises The time is from 7.00â€"8.00. The first general practice of the league will be held in Schumacher high school gymnasium on Wednesday, Nov. 10th, at eight o‘clock, when everyone interested in basketball is urged to atâ€" tend. It was felt that members of the teams should live in Schumacher or be conâ€" nected with McIntyre, Coniaurum or® Vipond mines. A motion was passed that this assoâ€" clation be known as the Schumacher Basketball Association. It was recomâ€" mended to the meeting that a District Association be formed as soon as possâ€" ible to promote basketball activities in the Porcupine camp. Hon. Presidentâ€"W. S. Blake. Presidentâ€"High Calverley. Viceâ€"presidentâ€"R. E. Sturgeon. Sec.â€"treas.â€"Allan Pollock. Games committeeâ€"G. C. Wright Harry Babbie, James Heath. Schumacher Forms Basketball League At a very enthusiastic basketball meeting held in the librarv of the Schuâ€" macher high school on Wednesday mght the following officers were electâ€" Adult Education Group Orâ€" ganizes for Basketball. Storm Sash and Doors