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Production for the first five months or the year therefore amounts to $434,- 553 from 25,708 tons for average re- covery of $16.96 per ton and gross pro- duction since commencement of mil- ling on Jan. l, 1938, stands at $1,450,- 802. Mill is handling 175 tons daily with extraction running 91 per cent. President Segsworth told the meet- ing that on June 15, company will start deepening the shaft an addit- ional 450 feet below the 975 level. pre,- 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 an- nual report, Mr. Segswort'h 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 the an- 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 im the market and since then the con- 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 ONE. bonds; 11.8 per cent in Provincial Government bonds; 5.1 per cent in- dustrial bonds; 29 per cent in mining stocks and 6.2 per cent in industrial stocks. At present time. cash amounts to approximately $200000. Listing covers the authorized 2,000,- 000 $1 par value shares of which 1.804.- 172 are outstanding. Of the issued stock. 780,000 shares were issued for acquisition of' the property. undertak- tings, and assets of Augitc Porcupine Mines Limited, and R73.334 to Noranda Mines Limited for four patented claims adjoining the Augite property in Delora Township. District of Cochrane, On- tario. and 350,000 shares were sold for cash, netting the treasury $525,005. London Sphere: But for the Albanian affair Mr. Chamberlain would have probably landed his first salmon or the year. Mine manager J. D. Barrington an- nounced that production for April had been $75,018 from milling of 4,410 tons of ore, for average recovery of $1'7.01 per ton. May production was $95,516 from ti,713 tons for average recovery of $16.71. Low figure for April was explained by Mr. Segmorth as being due to part or the ball mill being defective and plant was shut. down for five days while the part was being replaced. The subsequent out in production should be made up in the remainder of the quarter. '. . Directors were re-elected ports approved and adopted. J. R. Stratton a; Company and Draper, Dobie & Company have sub- scribed for 25.000 shares each at. $1.50 per share. payable upon listing and another 50.000 have been subscribed for I by the same firms at. $1.50 per share. payable by September 10th. John F. Conroy. Jr,, has subscribed tor 50,000 at $1.50 payable by September 10. and has been granted an option to purchace 39.166 shares at $1.80 by that time. An option has hem granted to Dan: Han! rls Porter on 8.329 shares at $180 trvl September IO, and H. Gordon Danie)" has been grunted an option on 8.333} shares at 81.80 payable by that data; The Company has agreed to give No-l, mnda Mines the option to purchase at 8150 per share by'Decemper 31. Lad any shares remaining in the Aunorl treasury after September 10th. l Moneta Mines to Deepen Shaft Another 150 Feet Annual Meeting Held in To- ronto on Tuesday. Aunor Cold 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 Porcu- pine Mines, Limited. which are ex- changeable on the basis of one Aunor for three Augite, were removed at the same time. Tttronto, June T---At the annual meat- tng of shareholders ot Moneta Porcu- pine Mines held in Toronto yester- day, President W, E. Segswcrth. an- nounced that at a meeting of direct- ors held in the morning, a dividend of 3 cents per share had been declared payable July 15, to shareholders of re- cord June 30. In accordance with listing regula- tions, The Toronto Stock Exchange has been advised in regard to options, underwriting; and treasury shares by a number of mining companies, including the following: This calls for distribution of 876.- 315.80 on the 2,543,860 share outstand- ing. Two similiar dividends have been paid previously this year, so that when current dividend als paid. total distrib- uted tor the current calendar year will be $228,947.40 and grand total since initial dividend was paid in October, 1938 will be $305263. Toronto, June Vance. Options Given on Blocks of Shares. THURSDAY. JUNE 8TH. 1939 London Sph Special to The Ad- Ell'lOUS and re- The latest official figures published by Hon. Chas. A. Dunning, Minister ot Finance, show that Timmins retains fourth place in the Dominion in the matter of loans under the Home Im- provement, Plan of the Dominion Gov- ernment. The latest figures given out this week are to April 30th, 1939. The following are the twelve leading cell- tres, given in order, with a few district places following. The table shows the number of loans (in brackets) and the amount:--- Toronto (7,618» 2/7T7,200.'75 Montreal (3.166» . 1/705,586.0'7 Winnipeg (2,268) . 888,254.22 Timmins (1.041) _ 850,733.55 Edmonton (1,465) 829,289.54 Vancouver (2.840) 797,523.90 Kirkland Lake (942» . , 759,388.63 Sudbury (961) .. V 570053.93 Ottawa (1,08'7) _ 506,573.24 Hamilton (1.786) _ 489,767.39 Windsor (1.161) 433,566.15 Calgary (941) . _ 399,724.18 The following are some Northern centres:- Rouyn (324) 276.603.26 Sault Ste. Marie (300) 164,733.74 North Bay t282) _ _ _ 90,903.17 La Tuque (176) _ .7 86,728.17 Fort Frances (252) ______ .l . 82,295.91 In the list just, published by the Dept New Liskeard, Haileybury. Cobalt, Cochrane, Kapuskasiwg and other towns Timmins Continues in Fourth Place in H. I. P. Loans Only Exceeded by Toronto Montreal and Winnipeg By mining men it will be welcomed as a deeply appreciated gesture, exem- plifying the remarkable understanding shown by the royal couple in the im- 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 Bri- tish Empire. It would be idle to spe- 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 see- 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, flrm in the belief that no special event of the Royal tour will have more far- 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 nickel-copper mine in the whole world, producer of nine other different metals-gold, silver, platinum, selenium. tellurium, pallad- ium, rhodium. iridium and ruthenium- largest enterprise of its kind in the Do- minion. employing 17,282 people in all and 10,147 in min'e and smelting works, with over a billion dollars in gross pro- duction and close to $275,000,000 in dividends to its credit already, and with long life still ahead. tProm Globe and Main The visit of Their Mama" King George VI and queen Elizabeth to the great Prood Mine of International Nickel Co., at Copper Cliff, Ont.. will be taken everywhere as one more out- standing proof of the interest taken by Their Majestla in those things that really matter during this wonderful trlumphnl tour ot the Dominion. Adding King and Queen to Friends of Mining May 27 a formal application for a share in the estate of Archie Beiahey was filed by Mrs. Angela Bellamy, RIGHT. Temagami, who produced a marriage license pur- porting to show she married Grey Owl tn 1910 at North Bay. She has a daughter Agnes Belaney. pontinents. Suddenly greater prominence came to the man who claimed 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 Eng- lishman. Archie Delaney. On Owl." whose stories of his friend ship and adventures with Cans dian beaver and other wild lil had made him famous on tw WANTS PART OF "GREY OWL'S" ESTATE Last. April death came to "Gr 2,'7T7,200.'75 1/705,586.0'l 888 254.22 _ 850,733.55 829,289.54 797,523.90 759,388.63 5701153293 506,573.24 489,767.39 433,566.15 399,724.18 Northern 276,603.26 164,733.74 90,903.17 86,728.1'7 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 Lookout. The applause was almost continuous and its sincerity impressed the listener thousands of 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 re- fleeted 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 pro- 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 Can.. adian people at all the little jumping off places was simply magnificent. No- thing could be more inspiring than the thrilling outburst of spontaneous ap- plause from the hearts of the common people. of the North are not listed be taken for granted that under the H.I.P. for thece not fdr any considerable 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 Can- adian people than all the pageantry that marked the demonstrations of loyalty in Ottawa. Canada Shows Her Heart in Her Remote Outposts Dorothy Alt comcs father is a grain farm the Canadian singing I lish ways quite emhus asked. when she arrivm By way of n souvenir and a gas mask. Dorothy Also Brought Home a Gas Mask 'e not listed. so it, may rantcd that the loam ece placCs are amounts. d originally from Plum Centre, Man., where her in: She comes immediately from London where star made a hit on the BBC. She took tn Eng- 'i<fically. Miss Alt admits. but the flrst thing sh? d in Toronto was: "Hcw are the croos out west?" Dorothv. brought the Peke pup home with ltrpr- m EDWIN! ADVANCE, WU. ONTARIO At a recent meeting of the Val trot town council notice of mc'ion was giv- en that a resolution to reduce the tax pn 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 re- turning to the original tax of $200. The advocates of the decrease say that pne 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 Bour- Jamaque, near Val d'Or. On the other hand there is serious opposition to tho ,idea of reducing the license fee from its present figure ot $500. A petition is being circulated. and largely signed. in protest against the proposed decrease. St. Mary's Journal-Argus: Little Al- 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; r11 tell that right'; Halieiiaury, June 8th-iSpecial to The Advance)---Headed by L. Bisson, chief engineer of the Department of Public 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 10-. cate on the Quinze river, replacing the _ iecent structure. They will spend a few days at the site of the dam. which l is to be constructed during the com- ing summer, according to present re- 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 bl) next month. The existing dam will be used as a cofferdam during construct- I ion ot its successor. Base Metal Beattie Bidgood Bralorne Broulan Porcupine . Buffalo Ankeritc Canadian Malartic Central Patricia . Castle Tretheway Coniauru m Coniagas . _ Dome . T _ Eldorado . FaleorAridge Gillies Lake . Goldale V _ ., Hollinger . ,. Howey Tr_P_ _ _ Hudson Bay _ International Nickel Kerr Addison . .. _ Kirkland Lake ..____ V Leitch VTVV .. Lake Shore .. Little Long Lac McLeod Cockshutt T Macassa V. .-__ .. McIntyre . _ .. . McKenzie Red Lake McWatters .' _ Mining Corporation _ Moneta , ___ Nayiou'o _.. T . Nipissing O'Brien Pamour Paymaster Pickle Grow Pioneer _ Premier V San Antonio Sherritt Gordon Sullivan Consolidated Sudbury Basin Sylvanlte . Siscoe ., . V Teck Hughes F _ Waite Amulet Wright Hargreaves Aldermac Aunor New Dam to he Constructed on the Quinze River Now Val d'Or Businessmen Object to Tax Decrease f To-days Stocks I LlS'l El) _ _32 12.00 . _82 , 2.60 ,, 90 1.50 1.60B 33.00 1.35 5.551 19 '_ 14.90 .34 y, 33.00 48.75 1.85 1.52 _ 82 38.50 15 .125 19% 12.00 2.11 4.75 56.90 1.34 . 47 1.32 1.17 225 1.23 4.25 '7.13 8.10 18 1.45 2.40 3.00 45 4.90 2.50 1.90 1.65 33 1.93 1.03 m u, 3.3o 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 eth- nological investigations in British Co- lumbia and the Prairie Provinces; biological studies in British Columbia and New Brunswick; botanical investi- 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. MR. Minister of Mines and Resources) A total of forty-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 Re.. sources, Ottawa. The parties. most ot which have alrendv left, Ottawa, will map and investigate areas in every mineral-producing province in the Do- minion, and in Yukon and Ilia North.. west Territories. Thirty-three parries will be m1gaged in geological surveys and investigations and thirteen in topographical mapping. Of the former. seven are in British Columbia. four in Alberta, two in Sas- 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 Torri- tories. C. H. Stockwell will map Beresforcl Lake area in the mineralized portion of eastern Manitoba. R. A. G. Brown will continue the studv of the Cretace- ous formation of the southern part of the province in order to determine the mineral possibilities. Ontario Field work in Ontario includes geolo- gical mapping in the Sudbury district; investigations in the oil and gas re- 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 com- Two of the thirteen topograpltic,tl parties have been assigned to British Columbia. three to Alberta, one to Sas- katchewan. tive to Quebec, one to Nova Scotia and one to Yukon. Two in- spectional officers will also be in the field, one in western Canada and the other in Quebec and the Maritime Pro- vinees. t 5T JOHN'S NFt FL OTTAWA 'UDBURV KIRKLAND LAKE BOURLAMAQUE CANADIAN INDUSTRIES LIMITED Sottr 707.. DR'FT'TE ERANCH OFFICES POLAR DRIFTITE POLAR DRIFTiTE INCREASES FOOTAGE " t3rstmcT OFFICES HALIFAX TORONTO WINNIPCG VANCOUVEP A recently developed semi-gelatinous explosive whose high strength and good fume qualities make it ideal for underground development work. Due to its low wiitct' rcsist. ance it is not rccomttnrndrd for shaft THREE to six inches! That's the average increased advanu: per round which many mines have obtained with Polar Driftite. In dollars and cents it means a saving of tssumty-fivc to fifty cents per foot of advance - and that amounts to 21 con- siderable total over a period of a year. cmou" "tthf EXPLOSIVES DIVISION plete the geological mapping of the west half of Wanapitei map area. J. P. Caley will continue his investi- gations in southwestern Ontario. This work has particular reference to occur- 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 the mapping and investigation of Lake Evans man 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 prbs- pectors. and geological mapping is necessary for their guidance. Ground surveys tor 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 Otta- wa Rivers. Toronto Telegram: An old-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 finding jobs. In Gaspe R. P. Dore will make sur- veys for the control of air photographs over an area of 800 square miles in Causapscal district. A. M. Floyd will undertake the topographical mapping of Ste. Felicite and St. Vimmy areas. also in Gaspe. " i HEAD OFFICE MN" Tho ttrenter pm of Indigestion results from wrpld liver notion And g'g"ll'fi tion. On um mun: you will nd Dr. China'- Kidney-[Amt Pills A real help yhnth} ttave. pitrtt1ytytroetyt1ty Indigestion Kills Joy ii, in on]; the matter ot I few hours tttttil you can have the torpld liver aroused to action und tho bile ttowing freely Into the mum-lam whats it new as a natunl cathartic. Erevthing for Blasting (var/'1' ee Wu) r" l Ila: 3 c'---", -e, Pe-c, 3.322;! 31.0" ".=" - I in." A! DRWVIYE sinking. Its major application is in drifting and cross-cutting when: it is resulting in important economics and improving blasting cfficicncy. MONTREAL Eli TO Silver-Gold Production of World is "Sm-on to (hw" :bellev gain shibb the I overb one to seven m 1934 to 1938. it one to 7.2 oun ary ques who hav by the e over 75 per cent of the world's total. It cannot be said that production is increasing, even under the higher domestic price paid in United States, or the wholesale purchase ot world silver, now discontinued at, the domestic price. There was, however. some decline of silver production as a by-product of base metals in United States last year. Tomorrow we will show you that the total stack 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 breaking. m um m the latter RI duced in any years. The: in 1929, wh ounces. Last year. Un 58,736,000 ounces 315,000 in 1937 ounces, comparec Mexico. 81.01695 with 84,678,921, g 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 or the office, according to the coun-- cil, Dr. H. A. Dunning is to be named to succeed Dr. Kane, in case the prov- incial authorities agree and Dr. Dun- ning is willing to take the appointment. You can drtrend on Dr. Chase's RidnorLivrr Pllls to prndnm the "ma Rt' results awry tuna you um mom. his I: why they urn found always an. hind In me gnu". majnrny of homo: M a deportdablrt family manhunt. Half I can")? ot sum v. is tho hmt- evidence of the ntrlnalc merit of this woleown medicine. Iobalt Medical Health Officer Asked to Resign When goi d holoth Bryar board from 275.148. latter amoun d in any one s. The nearc t?VE " )m PORT A875"!!! bc W vcr m u n 1p bs h n 93 ou HM NE PAGE FIVE vi with 1tl 011101] q ompared with 68,- Canada, 22,157,154 IN out dd production Wgw 1d of silver 262.- moving up from I the latter declin- ounces, although i the lamest pro- the past seventeen approach to it was ut was 262,804,'ti1 lg North America he world's total. that production is " pa W n lmit: Om W "41.)"le VICTORIA h ized 9 ET t ISN n '07 Its' Mai d can re- J, the old I" used in 5. will go 1' owl-like " monet- d experts. mrounded the ratio was but five years, been but 7.751. and compared America produced WE