HomeMy WebLinkAboutThe Lucknow Sentinel, 1936-06-11, Page 6Lose Heavily
Say
value of farms.
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COMMENT FROM
THERE AND
ed the maximum 5 cents per bushel
drop permitted in. any one day by ex
change rules.
EDITORIAL
' HERE,
EVERYWHERE.
On May Delivery Price Drops
at Chicago as Futures
Peals End ‘
CHICAGO—The swift collapse of
an expected “squeeze” in May wheat
on the board of trade left the
. “longs” holding the bag of losses.
’ . Veteran traders who watched the
“Battle <>f May Wheat” since its in
ception several months ago said it
was? the first time , in the exchange’s
: history that, holders of wheat ■ had
be.en forced to accept delivery of
cash grain, whether they wanted it
or not. A. number of small traders
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were said to have been losing “longs”
and there were indications that some
of the “short” interest represented
foreign, accounts,
The climax in the May wheat
struggle occurred just before the
tures market closed. The price drop
ped 6% cents from an early high of
96%. Dealings in the May contract,
•under way since last August, were
terminated under a new exchange
rule ,whicli prohibits trading in a'hy
future the last three days of the
month in which it is deliverable.
The rout of the “longs,who
bought May wheat any time since
August in the hope that war fears,
inflation talk or crop disaster would
enable them to sell later at a-profit^
without actually taking the grain,
was indicated by tlie fact th„ con
tract1 was closed out recently with
in 1% cents of the lowest level of the.
season and 17 centsJielow its high. .
The close, was 90%, which represent- • land.
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Value of Woodland
To Agriculture
1. -The farmer with a wood lot has a
cheap and convenient supply of fuel,
while the one without a woodlqt has
to haul wood long distances and make
a cash outlay to purchase coal or
wood and often the farmhouse is ad
equately heated.
2. Springs and wells that previous
ly had a steady supply of water go
dry because the .woodlot tbit was "a
reservoir has beeh removed.
„ 3. The farmer has more difficulty
to grow crops and wheat and dtjve’r
kill out because the fields lack . the
protection that is given by. the wood-
4. Deforestation on hillsides
valleys is. often followed by erosion
and sandy soil, is liable to develop lu
valuesless sand dunes.
5, Woodland helps to control floods
as it retards the surface run off ..in all
seasons.
6,. Scattered woodland increase con
siderably the beauty of a countryside.
7. The various factors mentioned
have a marked influence on the mone
tary
Best Time For Study Canada
Students folio figure- it’s about time
to get down to serious study for the
final examinations should be told;, that
the hours between sunrise and break
fast give the beat results. Kitclfen-
, er Record;-
Sound Advice
.. A young man was in court at Mark
ham and the trouble was he had beeh
driving a car with one hand. Beside
him was a young Udy and his free
| arm was twined about heir. The chief
constable of the place saw hirij
then there was the deuce to pay. He(
had to be brought to court, made to
part with $10 and every prison would
know about it,
But the magistrate, W. B. MellYeen
did nbt stop there., He told the young
man something. This way: ‘ The next
time you better.pull up at the side of
the rpad and u.sd-both, arms in the
old-fashioned way*” .
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VEIN REACHED AT FIRST LEVEL OF
SPLIT LAKE GOLD
Fifteen Foot Width
A message received from the Split Lake Gold Mines prop-
er4y states-that the crosscut at the first level of the mine shows
15 feet in width of highly mineralized vein containing over
one ounce of gold per ton with some other metal which as-
sayer believes to be platinum. Samples and check samples
from along entire side of dump where ore is being dumped
from full width of vein yields this result.
Stringers of quartz could be seen in the shaft and in the sta
tion. The crosscut continued through this? condition for 19
feet at which point it broke into the vein. Since the above
. information on the 15 foot vein width further word has been
received that the crosscut is being continued and at 40 feet
from the shaft was still in good looking vein matter. This
means 6 feet additional to the 1,5 foot width referred to. The
vein matter throughout the 21 foot Width consists of mineral
ized quartz and heavily mineralized alterations.
A telegram received from H. L. Donaldson,
May 16th states: “Crosscut 19 feet south at
first level just broke into, north side vein
Number 5.} Very heavily mineralized and
plastered .with free gold. Gold coarse in
sulphides. Will have another round out Sun
day and will, wire you details regarding width
of orebody also assays.”
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Yields High Results
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This vein has been proven to extend over a length of over
. ' 500 feet through diamond drilling with widths’ ranging up“
to more than 20 feet. Both diamond drilling and the pres
ent underground work have shown the vein to have widened
greatly as compared to surface. /
The presence of platinum was not suspected and assay
supplies at the property are not ample for a proper <analy- '
sis of the combination of gold and what .is believed to be
. platinum. Meantime samples are being sent to Ottawa for
checking. . •
/ Althotigh no free gold was seen in this vein on surface or
through the diamond drilling, heavy coarse gold was en
countered in the crosscut. Theyisible gold is mixed with
the sulphides. Further information, wilf be.^available.'from
lhis level accordingly as the work proceeds.
—r -Another -telegram from—H;—Lr~Donaluroir-
dated May 18th states: “From 19 to 34 feet
in south crosscut large percentage mineral
ized quartz in veinlets running every di
rection making sampling slow, Will. have to
sample horizon tally and vertically. Assays
. result in combination of gold and what we
- - feel sure is platinum plated inoparting cup,
after "Annealing, probably well over an ounce
per ton. 'Impossible for us to part the two
metals with assay supplies here. Sending
sample to Ottawa for analysis 46 determine
proportion gold and platiniim. Also, sending
parting cup showing • our*, ^results after an-
' nealing assay. ■ Foregoing is from sample .
shovelled along full length of dump. Chtfek
assays give similar results.” *.
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Another ..telegram from Mr. Donaldson, dated
May 19th, states-in part: ‘Have cut another
2’/i feet of highly mineralized- quartz with
balance of. 7 feet banded structure quartz apd
alteration. Still in this condition. Going ahead
with crosscut. This, looks awfully good. Fur
ther study assaying trouble . suggests large “
quantities tellurides. Getting necessary sup
plies to flux te)luride ore and make test^.”
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CAPITAL IZ A TIO N A ND FIN A N C E
4,000,000 shares
^5- shares
1,3.40,000 shares
Capitalization (No Par Value)
Incorporators’ shares issued . .
For acquisition of properties .. ..................................................
Originally issued to the parent company Smelter Gold Mines Limited 2,699-
995 shares (including 40,000 shares contained-inabove item “for acquisi
tion of properties”) leaving a balance of 2,659,995 shares. Sold, from
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these for purposes of Split Lake Gold Mines Limted . . ............... 533,138 shares
6 The proceeds from the sale of these 535,138 shares have been received by Split,
Lake Gold Mines Limited.
Unsold balance .................. 2,124,857 shares
Such portion of the said unsold balance of 2,124,857 shares as deemed necessary and advis- /
able by the directors of. the parent company are available for future financing of Split Lake Gold
Mines Limited. n.
Over $100,000 has already been ^provided for the present enterprise.
, PRESENT OFFERING
Of the above ^124,857 «hares 200,000 sharks are being sold at 40c per share. A portion of these said
20d>000 shares have already been sold.
Applications are being filled in the order received but the risk is reserved to reject applications in whole
or in part and also to award ip .any case a smaller number of shares than applied for. No commissions
are pkid or payable to officers or directors of tfce company on any sales of stock,
NOTICE OF CLOSING
THIS OFFERING AT 40 CENTS PER SHARE WILL POSITIVELY BE CLOSED TO THE PUBLIC
ON OR BEFORE THE 6th DAY OF JUNE, 1936. MEANTIME THE RIGHT IS RESERVED TOrDIS.
CONTINUE THIS OFFERING AT ANY TIME, WITHOUT NOTICE.
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/ ’ Capitalization — 4,000,000 Shares (No Par Value)
OFFICERS AND DIRECTORS
HUGH ,C. McRAE, President GLEN A. REA, Secretary-Treasurer
Toronto, Ont. " , Toronto, .Ont.
HARRY. L. DONALDSON, Managing Engineer
, Toronto/ Ont.
W. S. KICKLEY, Director
Winnipeg, Man.
• DANIEL I. JARVIS, Director .
Telephone: ELgin 6696 , Thornloe,Ont.
HEAD OFFICES 1104 BANK OF HAMILTON BLDG., TORONTO, CANADA
T6 SPLIT LAKE GOLD MINES LIMITED,
1104 Bank of Hamilton Bldg.-, Toronto, Canada
Kindly foiward prospectus, managing engineer’s repeat, map’and
full information on Split Lake Gold Mines,Limited;
tfame
, Address
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To SPLIT LAKE GOLD MINES LIMITED, . ' - ’
Head Office’: 1104 B.ank of . Hamilton Bldg., Tprohto. , (
Gentlemen:. r
I hereby make application for........L.shares of the Capital
Stock of SPLIT LAKE GOLD MINES LIMITED, (4,000,000 shares)
at 40 cents per share. z . , '
Enclose please find the sum of ......*................................... Dollars
Dated this ................J... day , of ...........•., 193.......
Kindly !«sue and mall these shares to:
Name .......................... .......................................................................
Ayl dress
Witness.
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All Money* to be paid'to the Company.
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And right there we are moved to >
feeling of admiration for thj magfo- ’ "
trate of Markliam. He has a know
ledge of human nature; he seems to
know what Spring does to young men
and maidens. He has one .eye on the .
law to see that it IS not broken be
yond repair, but he also has a bit of
“conaideration- for^young^pebple whiT :
are bent on a bit of courting. — Peter- ,
boro Examiner.
Still Hope For Peace
To look for the restoration of | EthP
opian independence now or for peace
terms dictated by |hp League may!
appear fantastic and would perhapel
-involve-the- erid"ofJdVinssolinT'e-.regiine;"’”—1
Yet the expectation of lasting peace
in Europe appears to rest largely on
that perhaps extravagant hope. If the
war proves to be an economic disa*-
ter for the winner—and it will so
prove if Mussolini cannot get help in
paying for it — the peace advocate,a'
in Europe Will have new and stronger,
ground for tlieir attack On the fever
ish war preparations now proceeding
and on the nationalistic tariffs which
have nearly destroyed European trade.
:-r-Winriipeg Free Press.
English Will Last ,
It has been one of the distinctiTS
characteristics of the English lang-i
uage that it has accepted contribut-
tions of value regardless of the orig-l
.in. American contributions are not}
more numerpu3 nor Basically different
from those Already taken fi om Greek,)
Isatin, French, German, Scandinavian,
^Arabic and the Oriental languages.'
The United States may enrich and;
modify the language, but TfcSgviil pro
bably remain the English language,1
wherever or by whomsoever it may
be spoken. ~ London Advertiser. ,
Farming As A Job
Contrary to the opinion of some
people, farming isn’t an occupation at '
which any Tom, Dick and Harry can
come out on top. In these days when
sb much stress is placed on the qual
ity of farm products, arid the prices
are, such that the farmer’s margin of
profit Is quite small, the successful1
agriculturist must apply not, only the
.JD^awri but the brain as well to Ms
work.
Mft>s Macphail put it very well when
, she said that —- “People think that
any fool can farm. They' think ail a
farmer has to do is to scratch ' the
earth and sow some seed. Actually, a
successful farmer must be a good ad
ministrator, a good executive. He has
. to know everything; he must be a hor
ticulturist, a cerealist, a stock breed
er. Running's farm is no job for an
amateur”. , - '
Miss Macphail might also have add
ed that tlie farmer must be ari optim
ist and a bit of a gambler. lie is ne
ver sure how his crop Is going to turn
out. Unfavorable growing weather
can nullify his efforts to a great de
gree in short order, and then he has
has to make the. best of it by carefully
planning a way out of the .difficulty,
if possible. — The Kitchener Record.
The Comic Strips
In the main, the Leader Post in>
clines to the view that most comic
strips are entertaining without doing
violence to anyone or anything in
particular. The grammar .is b1Xen_^'.
little loose — deliberately Iso for
Often the persons, are not grammati
cal persons. They might not be very^
entertaining if they were.
Sometimes we think the spelling ^
might be improved;! it sometimes doea -
16ok woi’se than necessary.
And the woi’st of it is that a news
paper can get enough bad spelling
without having to buy it,from a syn
dicate. * 1
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Better Teeth
Ontario Dental Association is told,
that, during 25 years there has been,
among children in Toronto schools
a reduction of from 97 io G7 percent
in defective Wetli. This is encourag
ing.and it indicates What may be done
by persistent Campaigning for great
er attention to rhe teeth of growiffg.
■ boys and girls, ft nifty tegpoted, tha£*
.young people nowadays'!arve far bet-'
tor twth thaih those of a generation
ago. This is roal. progress. — Toronto
Globe. ' . ' '• .
Note From, The West r
Mosquitoes are on the- waYpatJfy, Apdi
spoiling the walks abroad; our g^>lf
and ofhgr O’Tifdoor pursuits. Winni
peg Tribune. .
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