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TIMMINS GARAGE COMPANY LIMITED Cor. Fourth Ave. and Spruce St. Phone 800 Ore Reserves 411,000 Tons at Preston E.D. Enough Ore to Warrant 500 Ton Mill Says Anuual Report. That there is now sufficient ore doâ€" ; veloped to justify installation of a mill, | or arrange for milling capacity of 500 tons per day, is stated by D. G. H. Wright, general manager, Preston East Dome Mines Ltd., in the annual report submitted shareholders. veloped to justify installation of a mill, | r arrange for milling capacity of 500 tons per day, is stated by D. G. H. Wright, general manager, Preston East Dome Mines Ltd., in the annual report ‘ submitted shareholders. Total® positive ore to date on the 200 and 300â€"fcot levels is given at 411.â€" 0C0 tons, to which is added 71,0C00 t,ons D. M. Robertson, president, remarks the past year‘s policy has been to deâ€" velop the 200 and 300â€"ft. levels in orâ€" dor to obtain as accurate a picture as possible of the ore possibilities. He states directors for some time have ben actively engaged in endeavouring ', to work out mill arrangements. probable additional ore above the same = levels. 8ev areas are defined in the mine as mvidmg the above ores.‘ The combined: ‘average grade is estiâ€" mated at $9.31 per ton, a considerable improvement over the ore average csâ€" limated the year previous. It is said the developmett work so far has been confined to thi “‘horthvn.st, claim only; cther parts ‘of t.he ‘property to be exâ€"_ plored and ‘fieve.’ is started. fter produc tion At Dec. 31. 1937., Preston East Dome reports $80,618 cash; $618 receivable; $16.485 supplies and materials; $5,640 provincial bond with interest, depositâ€" ed with Hydroâ€"Electric, making current asset total of $103,363. Current liabiliâ€" ties are $9787. The company has issued 2.16C,000 shares of the 3,000,000 share capital. To dat» the sum of $259,576 shows zainst development and administraâ€" tive expense, and $178,955 against t buildines, machinery and equipment. ooooooooooo000.00¢Aoooooooooooooooooooooo | ooooooooooooooooooooooooooo.ooooonooooooocoooooooooooo«ooooooooooooooooooooooooooooocooooooosooouooooonoo-o.o"o«%o.?wftoooooooo.ozooouog SEE THESE BARGAINS AT TIMMINS GARAGE WE NEED THE ROOM. We harve Chevrolet Trucks, dual wheels from $300.00 and up. Also Panels and Pickups from $100.00 and up. 1934 Pontiac Sedan | A real buy t i mc 39‘ We have 50 Cars all in Good Shape-â€"l929 to 1933 from $50.00 up. 1937 Chevrolet DeLuxe Coach 4000 miles. As good as new .................... 1937 Pontiac Sedan Real Good Shape in Every Way ............ 1936 Chevrolet Sedan with Trunk Real buy at .................................................. 650 1936 Chevrolet Coach I With Trunk Bargain at ........................ 550 Liberal Tradeâ€"In Allowance on Your Car 1935 Ford Tudor with Trunk Good Shape in Every Way ................... 1935 Chevrolet Coach Standard STOCK BROKERS Timmins, 19 Pine Street North Toronto Kirkland Lake 293 Bay Street 34 Government Rd. Direct Private Wires for fast and accurate quotations and executions in all Commission basis only Local Phones 1200 and 1201 Market Quotations Broadcast each day at 12.20 noon and 5.20 p.m. A Small Deposit Will Hold Any Car Accurate Markets and Executions in Unlisted Stocks Mining Stocks Industrial and Public Utility Stocks Bonds BIG SAVINGS ON LATE LOW MILEAGE MODELS 1937 Chevrolet DeLuxe Sedan 2500 miles. Cash or Terms. Every Car Reâ€"Conditioned The annual report makes no definite rcference to the milling arrangements , undertaken with Hollinger Consolidated | Plans and specifications were drawn for a mill, after considerable ore testâ€" ing. and quotations cbtained which were . submitted to the board. All plans have be:n held in abecyance pending comâ€" summation of a proposed deal for millâ€" { ing the ore. To dat» the sum of $259,576 shows zainst development and administraâ€" tive expense, and $178,955 against buildings, machinery and equipment. for 875 475 475 395 300â€"foot level. The fact a firstâ€"class plant was inâ€" stalled at the outset will prove a factor in maintaining reasonable costs when production is reached states the general manager. The success obtained in cpening up large tonnage above the 300â€"foot level in the short space of 104 months of underground development augurs well for the future of the proâ€" perty. shaft is in the former incline shaft, sunk to depth of 104 feet. No. 2 shaft is the new vertical shaft finished to 346â€"foot depth in 1937, and now being carried to 700â€"foot depth, opening three succeeding levels. Coniaurum‘s Best Level at 4,000 Feet Information Given at Annuâ€" al Meeting on Tuesday Toronto, March 22nd.â€"Considerable more work must be done on Coniaurum Mines Ltd. in opening levels from 3500 to 5000 feet, shareholders were told at annual mecting toâ€"day by H. S. Munâ€" roe, consultant. A. L. Biship acted as chairman in absence of T. Lindsley. Directors were reâ€"elected. Better earnâ€" ings are anticipated in 1938, and earnâ€" ings will be paid as earned. Despite only $8000 net profit last year, heavy expenditures were made, and the comâ€" pany is well fortified with cash assets, remarked the chairman. Production for tho first quarter of 1938 approximated $100.0C0, with operâ€" ating profit roughly $130.000 or about half that of the last full i2 months. This resulted from improved grade handled. No further sinking will be done in 1938, while development catches up. If the deeper levels justify, shaft sinking may be again started. Much money has been expended on the programme and there is yet much work to do. The 4000â€"foot level has been fairly well explored and out of 2000 feet drifting about 1600 feet ore as shown, making it the best level in the mine. The plunge of ore cuts this off, and it may ‘be development will have to look further east from the Goldale winze. To protect itself the company took an option on the Ridgley claims to the east, with $5000 monthly being paid. In another year control of these claims will be secured. They are merely as protection and are not ‘being actively worked. * A statement was read from‘T. Lindsâ€" ley, president, saying that while preâ€" liminary development on deep levels has not given full encouragement, work is yet too limited: to be discouraged over results. Work has been along the north flank of the main mass at Pearl Lake. An interesting area lies between the north porphyry mass and the Coniâ€" aurum mass on the 4000 and 5000â€"foot levels, and it will take a couple of years of intensive work to discloce the possiâ€" bilities fully. uind ndtadi enc m _3 mmwmmmfofl Coniaurum Mines to Pay Dividend of Five Cents Toronto, March 23.â€"At a meeting of the directors of Coniaurum Mines held immediately after the annual meeting in Toronto yesterday, dividend of 5 cents per share was declared payable April 30 to shareholders of record April Suggests Words and Not Numbers for Car Plates 20. On the 2,730,447 shares outstandâ€" ing, dividend calls for distribution pf $136,522. This is the fourth dividend to be paid by the company, similar amounts having ben paid on Dec. 30 and July 15 last year, while an initial dividend of 3 cents was paid August 15, 1932. ‘Total: distributions, when current dividend is paid, will be $490,â€" 490. * It is doubtful that even the Walter W. Hinton plan would have dore much to make Ontario‘s 1938 blpe-and-henna. license plates more easily decipherable in an emergency, but it has its good points, which the Governor and Motor Vehicle Commissioner Of New York State have under consideration. ‘"My purpose," explains Mr. Hinton, "is to make license plates more easily rememberable, and thus curb hitâ€"andâ€" r;m"(â€":lrivers énd make â€" detection of criminals simpler. a crime. It would be easy to remember his car if its license carried the letters BAILâ€"OUT, CATCHâ€"ME, OUTâ€"AGAIN or BADâ€"BOY, instead of a meaningless jumble of unrelated letters and figâ€" ‘"Many cther names would stick, inâ€" cluding COXâ€"â€"BOX, JAKâ€"â€"JIL. "For the high muckyâ€"mucks, who obâ€" ject to anything simple, we could have Mn P CCC C wan th en it?" Mr. Hinton asked. "I bet you‘d reâ€" member a lot easier if it was OHâ€"BABY or Tâ€"FORâ€"TO." plates PHO. VEâ€"NUS and MERâ€"CURY. "If you were knocked down and half stunned by an Illinois car carrying the mathematician who has calculated that with seven letters 4,475,671,200 comâ€" binations are possible. S%. Mary‘s Journalâ€"Argus:â€"Clerk: "Sir, my wife tolid me to ask‘you_for a raise." Boss: "Al; right, T‘ll : wife if T can give you one." . Hinton exhibited a letter someone were wanted for Buffalo Anketrite , Canadian Malartic Central Porcupine Central Patricia . | To-day’s Stocks l Conlaurum . Caon. Chibougamatu Darkwater ... _... Hardrock ........... Hollinger .. Howey ........... on Hudson Bay ........ International Nickel Jackson Manion Kerr Addison Kirkland Lake .......... Lebel Oro ................. Eldorado ... Falconbridge Granada Lake Shore ... Lee Gold .......... Little Long Lac McLeod Cockshutt Manitoba and East . Mcintyre ... McKenzie Red Lake j McVittie Graham ... McWatters ........0 Mining Corporatlon Monet@ ...............0. Naybob Nipissing ... Noranda O‘Brien ... ... Omega ... PAMOUL Paymaster ... ols Pickle Crow .......... Pioneer Preston East Dome Premier Read Authier ... ... FRPNHO‘;..l..., :. i en eb es San Antonio ... Red Lake Goldahorp Sherritt Gordon . St. Anthony . Sullivan Con. ... Sudbury Basin ... Stadacon® Sylvanite .. Siscoe .. E. Teck Hughes Toburn ... Ventures Wright Hargreaves Annual Meeting of | C.N.P : Shareholders Taxes Amount to $5 Per Horsepower, Meeting Is Told Montreal, March 23.â€"The annual meeting of the sharcholders of the Canada Northern Power Corporation was held at Montreal on Tuesday, with 75 per cent. of the 400,000 shares of no par common stock outstanding repreâ€" sented in person or by proxy. Reports were adopted and directors reâ€"elected. (‘The reports for the year have already been reviewed in detail in The Adâ€" vance.) Probably the most striking fact in the address of the president, A. J. Nesâ€" bitt, to the shareholders was that taxes paild by the Canada Northern Power Corporation last year amounted to $3 for each horsepower unit of power proâ€" duced. This statement indicates the load on industry through taxation. The president reported the corporaâ€" tion supplled power to all but two of the mining companies in its territory in Northwestern Quebec at a cost of $44 a horsepower, to be reduced to $40 next Jan. 1. One of the two companies found diesel power, as used at present, cost $65 a horsepower and might shortâ€" ly change to Canada Northern Power, ho said. The company, through one of iis subsidiaries, is now considering the deâ€" velopment of 20,000 additional horseâ€" power of electrical energy at a cost of $1,500,000. In connection with the proâ€" posed development of additional power in Northern uebec, Mr. Nesbitt said the company was in a position to do this by raising the head and would not enâ€" tail the purchasing of new equipment Mr. Nesbitt said prices in the North Country were relatively low and that increasing demand has enabled the company to reduce prices and thus to stimulate business and help in the deâ€" velopment of Northern uebec. Answering the question of a stockâ€" holder, Mr. Nesbitt said dividends would be increased when the company could safely do so and still keep the company in a strong financial position. He said the directors had not yet been able to do anything to effect a reduction in ‘bond interest rates. It is currently, he said, expending $6C0,000 on the conâ€" struction of a duplicate power line. He also indicated that Canada Northern Power Corp. holds about 60 per cent. of the 6 per cent. preferred stock of its subsidiary, the Northern Ontario Power Company. He also pointed out that during the year the company had reâ€" deemed $633,000 of its 5 per cent. bonds. Acton Fize Press:â€"Some consolation may be had for radio listeners in the intimation that cheaper radio parts may be anticipated. However, the inâ€" creased fee is a reality and the reducâ€" Milverton Sun: If she washes dishes for $5 a week that is servitude. If ahe | Fourth Body Found in Teck Hughes Mine 5150 47.25 .T‘ 3.10 ... 809 3 CO 4.35 1.81 4.85 81 recovered early Tuesday morning of this week. Shifts of men had been working for a full week from the time ‘ of accident to recover the bodies. The ( work was carried on at high pressure, the gangs of men being changed freâ€" quently and there being no letâ€"up to the work. The following despatch from Kirkland Lake tells the story of the firding of the final body:â€" e Kirkland Lake, March 22.â€"The body of the last of the four victims of the rockburst which took place at Teckâ€" Hughrs mine a week ago tocay was iOâ€" cated at five o‘clock this morning, 4,600 feet underground, on the third subâ€" level up from the 39th level, where the | caveâ€" â€"in took place at about 11 o‘clock I in the morning. It was that of Harry Peever, of 95 Third street, father of four small children. First body to be recovered was that of Alex Nicholls, which was found early Sunday afternoon. It was sent yesâ€" terday afternoon to his home at Guysâ€" boro, Nova Scotia. Thr second body recovered was that of Wilfred Lamoureux, early Sunday evening. His funeral took place this morning from the Church of the Asâ€" sumption at nine o‘clock. Anton Gornick, whose body was found early yesterday afternoon, will be buried tomorrow morning from the Church of the Holy Name. A Difficult Task Working under distressing conditions, and in ground which called for careâ€" ful timbering and blasting, rescue crews toiled night and day to extricate the bodies of their comrades, for whose life no hope had been held from the first. The crews had to get out some 35 met of rock between the raise to the subâ€"level and where the last body was found. The fall had broken down the edge of the raise and smashed the ladders, and considerably preliminary work had to b2 done before the workers could go ahcad. They had to drill and blast every bit of the way, tramming out the muck to the raise and dropping it to the 39 level. -Nothing more will be done at the spot for the present, it was stated this morning. Blow is Struck to Power Deals by U.S. Attitude (From Tuesday‘s Telegram) Because Premier Hepburn refuses to coâ€"operat>? in the developmnt of a St. Lawrence waterway and power scheme, the United States government has reâ€" jected two of his major Hydro projects â€"the export of surplus power to the United States and the diversion of the Kenogami River waters via Long Lac into the Great Lakes. One result of the statement, if it conâ€" tinues, is that, even if the House of Commons agrees to permit Ontario to export power, the U.S. government will refuse its approval and Hydro will be saddled with 120,000 surplus horseâ€" power, which it has contracted to purâ€" chase from the Quebec companies. suspension and possibly complete abanâ€" donment of the Long Lac project on which the Hydroâ€"Electric Power Comâ€" mission already has spent $556,000 and the Ogzoki diversion scheme on which $128,.601 has been spent. "The whole thing is off. We will not consent to the St. Lawrence scheme," Premier Hepburn insisted, when he learned of the attitude of the United States government. "I have said before and I repeat now, Ontario is not preâ€" pared to spend mililons of dollars for something which could not be of beneâ€" fit for many years to come." Wfién he reached Qusen‘s Park toâ€" day, Premier Hepburn told The Teleâ€" "This Government will not budge one iota from its position that it would not be to the benefit of the people of Onâ€" tario to coâ€"operate in a St. Lawrence wa‘trrways scheme. "If we had $100,000,000 to spend at this time, we would not spend it on a canal of doubtful usefulness. We \_vould use it for construction of super highâ€" ways and give the people some benefit." He indicated he probably would preâ€" sent a detailed statement to the Legisâ€" lature toâ€"morrow with regard to the United States Government‘s: attitude mullb 1dad y ‘us"l V+ Bb States makes it plain that it does not want Ontario‘s surplus power, particuâ€" larly under shortâ€"term withdra wable agreements which Mr. Hepburn had proposed. Neither will the Roosevelt Governâ€" ment consider the Long Lac scheme separately from the whole Grert Lakes and St. Lawrence projects. h But the memorandum plainly hints that Washington might. be prepared to change its decision and discuss the posâ€" sibility of both projects if the Dominâ€" ion and Ontario Governments agree to coâ€"operate in the development of power h. i06 dv ds d ts s ‘The U S attitude was communicated in a memorandum to Premier King, which was tabled in the House of Comâ€" mons last night. The Department of Ottawa Journal:â€"It is possiole. for a woman‘s head to be turned by flatâ€" tery, even when she has a stiff neck. Toronto Telegram:â€"A man may be in love with two women at the same time, but not if cither of them knows Many U. S. Citizens Look to Canada for Tax Relief Montreal, March 3.â€"Mr. E. H. Gurâ€" ton, manager, Land Settiement and Doâ€" velopment, Department of Colonization and Agriculture, Canadian National Railways, St. Paul., Minn., is visiting Montréal in connection with the anâ€" nual meeting of the American Railway Development Association, of which he is the first Canadian president. In discussing prospective business beâ€" tween the United States and OCanada, Mr. Gurton reports a marked increase in the interest shown in Canadian land settliement opportunities. "Mailed reâ€" quests for information during February and March of this year show an inâ€" crease of more than 50 per cent. over any similar period for a number of years," he said. "Apparently a number of reasons contribute to this increased interest, the outstanding one being that in many sections the agricultural comâ€" munities are just beginning to feel the pressure of increased taxation in its various forms, which logically follows the government spending programines so much in evidence in the United States since the onset of the depresâ€" sion. There seems some prospect that this factor may influence an increasing number of people with a reasonable amount of capital to look for permaâ€" tnent. locations and established resiâ€" dences in Canada. Much depends, of course, on the exact situation disclosed after a complete comparison of taxes l between the locality in Canada favourâ€" ed and the jocality where the prospect ‘lives in the United States. In some | cases the comparison already is in faâ€" vour of Canada, and the trend of events seems to point to an increasing discrepancy of this kind,* Mr. Gurton declared that the prosâ€" pect for an increased movement of good farm families with «capital from the United States to Canada is particularly bright. Cobalt Tax Rate Still at 91 Mills for This Year Cobalt, March 24.â€"(Special to The Advance)â€"Tax rates here for both pubâ€" lic and separate school supporters will to unchanged. at 91 mills from their 1937 level, the town council decided at the regular meeting of that ‘body Tuesâ€" day ovening. The figures allow for the cne mill provincial subsidy which will be continued by the Ontario Governâ€" ment and are based on an assessment that has fallsn to $674,594. School rates genserally remain unâ€" changed and relief costs, which last year took $5008.19, in 1938 are expected GET READY FOR . Spring Driving With warmer weather here you‘ll want to get your car out and enjoy the fresh air.. Taylor Hardware carries a complete supply of auto accessories for every car. Take advantage of these special prices. Reg. $4.25 SPECIAL Prestâ€"Oâ€"Lite Heavy Duty 13â€"plate Prestâ€"Oâ€"Lite Standard 15â€"plate _ Migh Capacity 17 ... We carry a size and type of battery for every car and truck 4 L o ts m io ty We ; LIMITED ‘ o Phones 300â€"301â€"1601â€"1602 . _ _ Timn _ CHATN OF SERVICE" â€" _ Head: Offiooâ€"m m Ont. Branci Storés and Warehouses at Cobalt, New lmsrd Bwa Kirkland Lake, Cochrane, Timmins, Ont., Norandi ‘Qtie. Sale of MOTOR RUGS iclat ... esd seioom â€" $6.40 Prest â€" 0O â€" Lite Batteries | Unbranded 11â€"Plate $14.75 $16.45 THE GEORGE Unbranded 13â€"plate to require $3000, but there is a rise in the general rate, is 41 mills on an estimated expenditure of $27,658.35. Four mills are allowed for the town‘s 26 per cent. share of relief casts and two mills are allotted to the municipal hospital‘s $1100 needs. Public school costs of $13,952.62 will take 28 mills and the separate school rate here is the same on ‘a bodget of $4936. The high school estimates are for $10,500, calling for 16 mills. Town Clerk Harrington told council that a separate school note owed by the town, and on which $800 had been paid off last year, now stood at $1700 and that he had allowed $500 on this for the Comment on the Future of the Preston East Dome current year. The following appears on the mining paze of The Toronto Telegram on Tuesâ€" day of this week:â€"Preston East Dome annual meeting takes place March 31st at the King Edward Hotel. On that cccasion the management should be able to announce complete milling plans whatever they are. For some months negotiations have ‘been under way to tram the ores to the Hollinger mill. While these negotiations have been furâ€" thered, directors are stated as having alternative plans. Estimated ore reâ€" serves, at $9.13 per ton average, preâ€" sents the mipressive picture of 4% milâ€" lions value, above‘the 300 foot level. An important point has been improvement of grade on the 300 as against the 200â€" foot level, and shortly further news will be available of deeper levels being attacked. It is understood important Anterests, cognizant of ore developâ€" m»nts, have bid substantially for a poâ€" ‘sition in the company. | UNITED MOVERS BY EXPERIENCED MEN Prestâ€"Oâ€"Lite 13â€"plale Timuiins: NIGHT