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Production for the first five months of the year therefore amounts to $434,â€" 553 from 25408 tons for average reâ€" covery of $16.90 per ton and gross proâ€" duction since commencemen: of milâ€" ling on Jan. 1,; 1938, stands at $1,450,â€" 802. Mill is handling 175 tons daily with extraction running 91 per cent. President Segsworth told the meetâ€" ing that on June 15, company will start deepeninz the shaft an additâ€" ional 450 feet below the 975 level, preâ€" sent bottom horizon. This work should be finished about the end of August. Asked if there had been any drilling done below the 975 level, on which drifting on the main zone had been disappointing, as reported in the anâ€" nual report, Mr. Segsworth replied that ‘three holes had been completed and another was now drilling. Two of the completed holes were blank and the other, while not cutting ore, returned some interesting values. It was also explained that only between 40 and 50 acres of the 320 acre property had been intensively explored, while there were five whole claims on which nothing had so far been done. While the balance sheet in thc anâ€" nual report showed that market prices of investments as at March 31,1939, were a little below the cost price, it was stated that was a particularly bad day on the market and since then the conâ€" dition has ‘been reversed. That is, market price is somewhat above cost price. Of the $356,764 in stocks and bonds carried in the balance sheet, 47 per cent was in Dominion and C.NR. bonds; 11.8 per cent in Provincial Government bonds; 5.1 per cent inâ€" dustrial bonds; 29 per cent in mining stocks and 6.2 per cent in industrial stocks. At present time, cash amounts to approximately $200.000. Listing covers the authorized 2,000,â€" 000 $1 par value shares of which 1,804.â€" 172 are outstanding. Of the issued stock. 780,000 shares were issued for acquisition of* the property, undertakâ€" ings and assets of Augite Porcupine Mines Limited; and 873,334 to Noranda Mines Limited for four patented claims adjoining the Augite property in Delora ‘Township, District ‘of Cochrane, Onâ€" tario. and 350,000 shares were soid for fash, netting the treasury $525,005. London Sphere: But for the Albanian affair Mr. Chamberlain would have probably landed his first salmon of the yYyear. Mine manager J. D. Barrington anâ€" nounced that production for April had been $75,018 from milling of 4,410 tons of ore, for average recovery of $17.01 per ton. May production was $95,516 from 5,713 tons for average recovery of $16.71. Low figure for April was explained by Mr. Segsworth as being due to part of the ball mill being defective and plant was shut down for five days while the part was being replaced. The subsequent cut in production should be made up in the remainder of the quarter. Directors wore rteâ€"elected ports approved and adopted. J. R. Stratton Company and Draper, Dobie Company have subâ€" scribed for 25,000 shares each at $1.50 per share, payable upon listing and another 50,000 have been subscribed for by the same firms at $1.50 per share, payable by September 10th. John F. Conroy, Jr., has subscribed for 50,000 at $1.50 payable by September 10, and has been granted an option to purchace 29,166 shares at $1.80 by that time. (An option has been granted to Dana Iâ€"{ar-! ris Porter on 8.329 shares at $180 by | September 10, and H. Gordon Donley ; has been granted an option on 8.333 shares at $1.80 pavable by that dats, | The Company has agreed to give Noâ€" . randa Mines the option to purchase at $1,50 per share b,v'Deccmper 31, 193‘3.! any shares remaining in the Aunor treasury after September 10th. Moneta Mines to Deepen Shaft Another 450 Feet Annual Meeting Held in Toâ€" ronto on Tuesdayv. Aunor Gold Mines Now Listed on the Toronto Exchange Shares of Aunor Gold Mines Limited were posted for trading on the Toronto Stock Exchange, Friday, June 2. Ticker abbrevaton is ANR and dial ticker number 347. Shares of Augite Porcuâ€" pine Mines, Limited, which are exâ€" changeable on the kasis of one Aunor for three Augite, were removed at the same time. Toronto, June 7â€"At the annual mesetâ€" ing of shareholders of Moneta Porcuâ€" pine Mines held in Toronto yesterâ€" day, President W. E. Segswerth. anâ€" nounced that at a meeting of directâ€" ors held in the morning,. a dividend of 3 cents per share had been declared payable July 15, to sharecholders of reâ€" cord June 30. In accordance with listing regulaâ€" tions, The Toronto Stock Exchange has been advised in regard to options, underwritings and treasury shares by a number of mining companies, including the following: This calls for distribution of $76,â€" 315.80 on the 2,543,860 share outstandâ€" ing. Two similiar dividends have been paid previously this year, so that when current dividend Js paid, total distribâ€" uted for the current calendar year will be $228,947.40 and grand total since initial dividend was paid in October, 1938 will be $305,263. Toronto, June vance. Options Given on Blocks of Shares. THURSDAY. s«UNE 8STH, 1939 JLondon Sph Special to The Adâ€" and reâ€" The latest official figures published by Hon. Chas. A. Dunning, Minister of Finance, show that Timmins retains fourth place in the Dominion in the matter of loans under the Home Imâ€" provement Plan of the Dominion Govâ€" ernment. The «<datest figures given out this week are to April 30th, 1939. The followink are the twelve leading cenâ€" tres, given in order, with a few district places following. The table shows the number of loans (in brackets) and the amount:â€" Toronto (7,618) 2,177,200.175 Montreal (3,166) ; 1,705,586.07 Winnipeg (2,268) . ..... 888,254.22 Timmins (1,041) 000,198 00 Edmonton (1,465) _ .54 Vancouver (2,840) | . 7197,523.90 Kirkland Lake (942) u.. 709,3800,083 Sudbury (90G1) : 570,053 93 O‘tawa (1,087) ....... 906,073.24 Hamilton (1,786) . y . 489,767.39 Windsor (1,161) ... : . 433,566.15 Calgary | (941) ... _ 399,724.18 The following are some Northern centres:â€" Rouyn (324) 2176,603.26 Sault Ste. Marie (300) ... 164,733.74 North Bay (282) ... ........ 90,903.17 La Tuque (HIG) ......;.... PFortâ€"Frances. (2052) ............. 82,295 .91 In the list just published by the Dept New â€" Liskeard, Haileybury, (Cobalt, Cochrane, Kapuskasing and octher towns Timmins Continues in Fourth Place in H. 1. P. Loans Only Exceeded by Toronto Montreal and Winnipeg By mining men it will be welcomed as a deeply appreciated gesture, exemâ€" plifying the remarkable understanding shown by the royal couple in the imâ€" portance of the industry that offers the greatest hope for the immediate future. The industry will now have two firm friends in the highest place in the Briâ€" tish Empire. It would be idle to speâ€" culate upon the eventual result of this more intimate Royal knowledge of the greatness of the industry, but that it will be far reaching goes without saying. When Their Majesties passed through Toronto, this department of The Globe and Mail expressed regret that they were to be given no opportunity of seeâ€" ing for themselves the wonderful mines of this Province. The omission has been happily remedied and in a most happy way, by order of King George himself, and we therefore give thanks to any who may have suggested and engineered the unscheduled visit, firm in the belief that no special event of the Royal tour will have more farâ€" reaching effect. The King and his lovely Queen are now of us indeed. It was entirely appropriate that the Royal underground visit should have been to the greatest nickelâ€"copper mine in the whole world, producer of nine other different â€" metalsâ€"gold, silver, platinum, selenium, tellurium, palladâ€" ium, rhodium, iridium and rutheniumâ€" largest enterprise of its kind in the Doâ€" minion. employing 17,282 people in all and 10,147 in mine and smelting works, with over a billion dollars in gross proâ€" duction and close to $275,000,000 in dividends to its credit already, and with long life still ahead. (From CGilobe and Mail) The visit of Their Majesties King CGreorge VI and Queen Elizabeth to the great FProod Mine of International Nickel Co., at Copper Cliff, Ont., will be taken everywhere as one more outâ€" standing proof of the interest taken by Their Majesties in those things that really matter during this wonderful triumphal tour of the Dominion. Adding King and Queen to Friends of Mining May 27 a formal application for a share in the estate of Archie Belaney was filed by Mrs. Angele Belaney, RIGHT, Temagami, who produced a marriage license purâ€" porting to show she married Grey Owl in 1910 at North Bay. She has a daughter Agnes Belaney. gontinents. Suddenly _ greater prominence came to the man who clatmed to be part Indian and part Scottish than had ever been his in life with reports that he was no Indian at all but an Engâ€" lishman, Archie Belaney. . On Owl." whose stories of his friend ship and adventures with Cana dian beaver and other wild Ilif had made him famous on tw Last April death came to "Gt 2,177,200.175 1,705,586.07 888,254.22 . . 829,289 .54 â€" 197,523.90 759,388.63 570,053 93 . 506,573.24 489,767.39 433,566.15 . 399,724.18 Northetrn 276,603 .26 164,733.74 90,903.17 86,1728.17 82,295.91 two Nothing could have manifested more obviously the sincere loyalty of the average Canadian than the cheers which greeted the royal train at Sioux Tsookout. The applause was almost continuous and its sincerity impressed the listener thousands Oof miles away from the scene of the reception. The singing of the national anthem did not compare with the performance of the Mendelssohn Choir, but while it may have been occasionally out of tune it was so joyous and hearty that it reâ€" flected the heart of democracy. And as usual, the Queen whose charm has captivated the hearts of everybody was equal to the occasion. When a crying baby, who had been hauled out of his humble crib at an early hour in order that his parents might travel miles to see the royal couple disturbed the proâ€" ceedings, the Queen stepped down from the platform and took the little Briton in her arms to comfort him. The most important event which has taken place in Canada since the Great War is the visit of His Majesty George VI and his gracious consort Queen Elizabeth. God Save the King and God Bless Queen Elizabeth is the since prayer of the Canadian people. We use the word common not in a disparaging sense but to differentiate them from Cabinet Ministers, Privy Councillors and privileged individuals who enjoyed a preferential position. The demonstration made by the Canâ€" adian people at all the little jumping off places was simply magnificent. Noâ€" thing could be more inspiring than the thrilling outburst of spontaneous apâ€" plause from the hearts of the common people. of the North are not listed be taken for granted that under the H.LP. for these not for any consideralble am (From Toronto Telegram) Reception accorded the King and Queen at Sioux Lookout and similar small places which have figured in the reports of the royal tour is much more symbolic of the sentiments of the Canâ€" adian pecple tha@n all the pageantry that marked the demonstrations of lovalty in Ottawa. Canada Shows Her Heart in Her Remote Outposts Doro‘hy Alt comes father is a grain farm the Canadian singing . lish ways quite enthus asked, when she arrive By wavy of a souvenir and a gas mask. Dorothy Also Brought Home a Gas Mask e not so it may ranted that the loans ese plac?s»are amounts. originally from Plum Centre, Man., where her er, She comes immediately from London where star made a hit on the B.B.C. She took to Engâ€" ‘asfically, Miss Alt admits, but the first thing sha d in Torounto was: "How are the cronvns out west?" Dorothy brought the Peke pup home with herâ€" At a recent meeting of the Val d‘On town council notice of mo‘ion was glvâ€" en that a resolution to reduce the tax on chain stores would be placed before council. At present there is a special tax of $500 on all chain stores, this having been increased from $200. The notice of motion is with the idea of reâ€" turning to the original tax of $200. ‘The advocates of the decrease say that one of the big chain stores bought a lot and intended to put up a modern new building, but in view of the $500 tax they decided to build instead at Bourâ€" lamaque, near Val d‘Or. On the other hand there is serious opposition to the jdea of reducing the license fee from its present figure of $500. A petition is being circulated, and largely signed, in protest against the proposed decrease, St. Mary‘s Journalâ€"Argus: Little Alâ€" gernon (to the old lady who has just arrived, and whom he has never seen before): *"So, you‘re my grandmother. are you?" Old lady: "Yes, on your father‘s side." Algernon: "Well, you‘re on the wrong side; I‘ll tell that right| Hallg:ijmury, June 8thâ€"(Special toâ€" The Advance)â€"Headed by L. Bisson, chief engineer of the Department of | Fublic Works at Ottawa, a party of Dominion government engineers is in the district to inspect the site of the new dam which it is proposed to loâ€" cate on the Quinze river, replacing th< | recent structure. They will spend a. few days at the site of the dam, which is to be constructed during the comâ€" ing summer, according to present reâ€" ports. J. A. Vermette, also connected with the Department of Public Works, will remain for preliminary work in connection with the project. Tenders for the new dam have been called and will be opened in the early part ofl next month. The existing dam will be used as a cofferdam during constructâ€" ion of its successor. Base Mcetal Aldermac Aunor New Dam to be Constructed on the Quinze River Now V al d‘Or Businessmen Object to Tax Decrease | _Toâ€"day‘s Stocks | LUSTED 12.00 2 .60 . 1.50 160B 33.00 1.30 :©0.00 19 4 14.90 .34 4 33.00 48.15 1,.85 ..1.02 . 82 38.50 z19 19% 12.00 2.11 . 4.10 56.90 .. 1 34 4T 1.32 L :T 2 20 1.23 4.20 7.18 8 .10 18 1 45 2 40 3.00 4.90 2.00 1.90 1.60 1.93 1.03 t 1/, 3.3 Dominion Dept. of Mines to Have 46 Parties in the Field In addition to the above, six parties are being placed in the field by the National Museum of Canada. . They will be engaged chiefly in the gathering of new information on Canadian flora and fauna, and native races, and in the collection of new specimens for the Museum. The programme includes ethâ€" nological investigations in British Coâ€" lumbia and the Prairie Provinces; biological studies in British Columbia and New Brunswick; botanical investiâ€" gations in Ontario; and archaeological work in eastern Canada.. Geological, _ Topographical and Exploratory Surveys to be Made This Year. (Issued by authority of the Honourable T. A. Crerar, M.P., Minister of Mines and Resources) A total of fortyâ€"six geological and topographical survey and exploratory parties, comprising a force of some 250 men, have been assigned to field work this year by the Mines and Geology Branch, Department of Mines and Reâ€" sources, Ottawa. The parties, most of which have alreadyv left Ottawa, will map and investigate areas in every mineralâ€"producing province in the Do« minion, and in Yukon and the Northâ€" west Territories. Thirtyâ€"three parties will be engaged in geclogical surveys and investigations and thirteen in topographical mapping. Of the former, seven are in British Columbia, four in Alberta, two in Sasâ€" katchewan, four in Manitoba, three in Ontario, four in Quebec, two each in New Brunswick and Nova Scotia, one in Yukon and four in Northwest Terriâ€" tories. C. H. Stockwell will map Beresford Lake area in the mineralized portion of eastern Manitoba. R. A. C. Brown will continue the study of the Cretaceâ€" ous formation of the southern part of the province in order to determine the mineral possibilities. Ontario Field work in Ontario includes geoloâ€" gical mapping in the Sudbury district; investigations in the oil and gas reâ€" gions of southwestern Ontario. and stratigraphic studies in the eastern part of the province. H. C. Cooke will continue the study of the geology and mineral deposits of the Sudbury district, and will comâ€" Two of the thirteen topographical parties have been assigned to British Columbia, three to Alberta, one to Sasâ€" katchewan, five to Quebec, one to Nova Scotia and one to Yukon. Two inâ€" spectional officers will also be in the field, one in western Canada and the other in Quebec and the Maritime Proâ€" vinces. sT JOHNM‘S, NFILM,. OTTaAwWA sUDBUR Y KIBRKLAND LAKE BOLU PLA MAQLE A NA DIA N INDRUS TRIES LIMIT ED SOLBs 10%, DRIFTITg GrEIceEs nIsTRICT OFFICES: HALIFAX TORONTO WINNIPET A recently developed semiâ€"gelatinous explosive whose high strength and good fume qualities make it ideal for underground development work. Due to its low water resistâ€" ance it is not recommended for shaft HREE to six inches! That‘s the average increased advance per round which many mines have obtained with Polar Driftite. In dollars and cents it means a saving of twentyâ€"five to fifty cents per foot of advance â€" and that amounts to a conâ€" siderable total over a period of a year. plete the geological mapping of the west half of Wanapitet map area. J. F. Caley will continue his investiâ€" gations in southwestern Ontario. This work has particular reference to occurâ€" rences of petroleum and natural gas, and is being undertaken to aid the petroleum industry. A. E. Wilson is continuing stratigraphic studies in the Brockville area. G. Shaw will commence mapping and investigation of Lake Evans mabn area (latitudes 50 degrees to 51 degrees, longitudes 76 degrees to 78 degrees,. This area of over 6,000 square miles, is becoming of increasing interest to prosâ€" pectors, and geological mapping â€" is necessary for their guidance. Ground surveys for the control of mapping from air photographs will be made in Birch Lake district by A. M. Perry; in Cabonga Lake district by S. H. deJong; and in Lake Victoria some 3,.000 square miles, will cover parts of the headwaters of Gatineau and Ottaâ€" wa Rivers. Toronto Telegram: An oldâ€"timer is the one who can remember that when you spoke of a left wing you were talking about a southpaw pitcher. Oxford Mail: Mr. Ernest Brown crystalized the unemployment problem when he told Parliament that it was really a question of finaing Jobs. In Gaspe R. F. Dore will make surâ€" veys for the control of air photographs over an area of 800 square miles in Causapscal district. A. M. Floyd wili undertake the topographical mapping of Ste. Felicite and St. Vianny areas, also in Gaspe. 18 witt? Tha greater part of indigestion resuits from torpid liver action and constipaâ€" tion. On this account you will find D)r, Chase‘s Kidneyâ€"Liver Pills a real wham you bhave digestive troubles. Indigestion Kills Joy It is only the matter of a few hours until you can bave the torpid liver aroused to action and the bile fNowing freely into the intestines where it acts as a natural catbhartic. Everything for Blastins } “,_ou.l .Nou,,b’ _ es wy 4 wb sinking. Its major application is in drifting and crossâ€"cutting where it is resulting in important economies and improving blasting efficiency. CAL Silverâ€"Gold Production of World is "Seven to One" Delev gain the 1 overhb one to seven 1934 to 1938, i: one to 7.2 oun ary ques who hayv by the e over 75 per cent of the worid‘s It cannot be said that production is increasing, even under the higher domestic price paid in United States, or the wholesale purchase of world silver, now discontinued at the domestic price. There was, however, some decline of silver production as a byâ€"product of base metals in United States last year. Tomorrow we will show you that the total stcck of monetary gold in all the world is not more than enough to pay fifty cents on the dollar of the huge indebtedness of the United States alone. We firmly ‘believe the dawn for silver is breakinig. the I1ALLEr Al duced in any years, The in 1929, wh ounces. Last yYEAT,â€" Un 58,736,000 ounces 215,000 ‘in 1937 ounces, compare Mexico, 81,016,9; with 84,678,921, ; over 75 per cent Dr. J. A. Kane, for some time medical health officer for the town of Cobalt, has been asked by the Cobalt town council to resign. The reason given for this is that Dr. Kane‘s health has made him unable to attend to the duties of the office, according to the counâ€" cil, Dr. H. A. Dunning is to be named to succeed Dr. Kane, in case the provâ€" incilal authorities agree and Dr. Dunâ€" ning is willing to take the appointment. You can depend on Dr. Chase‘s Kidnoyâ€"Liver Pills to producea the sama *ood reosults every time you uso them. his is why they aro found always at hand in the great majority of homes as a dependable family regulator,. Half a cont-ur{ of success is tha bost evidence of the intrinsic merit of this wellâ€"known medicine. ‘obalt Medical Health Officer Asked to Resign Whien goid boleth Bryatr board from 275,148, latter amoun d in any one The neare TV m VeT ip NCE with 1Cl ompared with 69,â€" Canada, 22,157,154 id prodauction was id of silver 262,â€" moving up from â€"the latter decliinâ€" ounces, although 5 the larzest proâ€" the past seventeen ipproach to it was ut was 262,804,711 g North America he world‘s total. that production is 1€ 14 nit Ont JHAL JBA VICTCOR! A h ET 17864 1t d( can reâ€" ‘, the old .‘ used in 3, will go r owlâ€"like io monetâ€" 1 experts, nfounded the ratio was but ive years, been but 1,751, and compared America produced