HomeMy WebLinkAboutZurich Herald, 1929-02-14, Page 3...,,,, • nmr..91.114.11F
A 'Wining News Service
For Readers of This Page
Former Financial Editor of the "Toronto Globe", Mr, L. J.
Moore Will Contribute Exclusive Weekly Letters
to this Page and Will Answer Enquiries
CONSERVATIVE INFORMATION
13y L, J. MOORE
We are very pleased to toll the readers of this page that Sdr. Lloyd T.
Moore, miniug andfinancial expert of note, will contribute a weekly letter
to this page. Mr. Moore had a long and successful connection in the nesys-
paper field as financial editor of the "Torouto Globe". He is now a member
of the Standard Stock and Mining Exchange of Toronto and has visited all
the chief mining centres of Canada; he.brings te you a wealth of personal
Steowledge which should be of keen interest and extreme value.
Mr. -Moore has agreed to answer in these columns any legitimate enquiries
011 mines and mining investment' problems, and we trust the readers will
avail themselves of this attractive opportunity to acquaint themselves with
Canada's vital growing industry.
THE SITUATION TO -DAY
High-prieed stock s have been the
principal money-makers in the ,Can-
adian mining market for the last year
or more. The experience of purchas-
ers ef low-priced shares bas been tn.-
satisfactory on the whole. The same
situation seems likely to continue in
greater or less degree during . the
coming months.
Nickel
International Nickel has been the
most spectacular performer during
January. Its present price has dis-
counted the future several years in
advance. Its chief sponsors, notably
in Montreal, are pred:cting confident-
ly that much higher prices will be
reached. Recent performances of the
stock lend color to their views. The
strong Montreal group is easily cap-
able of obtaining its object, in the
meantime the Frood Mine is develop-
ing swonderful.."Ly at depth.
Noranda • '
Noranda Mines is second in market
interest. The news of *a proposed
offering of Rights has had a detri- Member of the Standard Stock and
mental rather than a beneficial effect Mining Exchange, who will contribute
b this ' Probably to this page and answer mining
M R.
LLOYD
J.
M
To Trap the Wolrd's Melodies
required a the best =get possible for I"' II" 41
the tesk of enforcing the laws. ishing rAward's
"A hatchery and rearing -pond or- Screen Aids
ganization 031 a par with those the
special committee saw operating in
Kirig George
New York, Pennsylvaula and NOW jer-
the $100,000,000 worth of touriste. la I Covered With
not just our Ontario sportemen, but Famous Screen
Photographs of Notables
of Last Thirty Years
Years Entertained
Sick Monarch
00Y. Ana big enough to look after
the fishing season, Ontario has a much
greater population than appears in the
omens tabes. Ontario may have an
oven greater fishing population than
New :York State. It needs some in-
telligent figuriug.
Let's Be Ready for a Row
"Let. all us anglers in the provinee
start eating cheese and lobster and:George's illness a folding srceen was
pies and other rick foods that will I used between Ms bed and the door
make us testy and irritable so as to to avoid any chance at a draught
be ready and willing to stage a real! reaching him when the door was
deemestratioa if the government! open, Recently a screen that was
comes out this session with the same ' one of the prized possessions of King
old dither about 'rousing public Edward was substituted for the screen
opinion' and 'educating the back- first up le the room.
woods to the great value of our wild This screen is a four -fold one made
resources.' It is too bad there is not of rosewood and is completely cov-
a Hanna in the Legislature in these •ered with autographed photographs of
times who woeld be the leader in this by -gone celebrities collected by King
composer of Rose Marie, The Vagabond King and other musical successes, matter and bo ten years ahead of hie Edward. The screen. was put 111 King
circling the globs search of insairatioa. for a new work. With his folding time. There is no economic question George's bedroora as it was thought
the world cruise on her, searching India, the Orient and other points in the before Ontario to -day as important as , it would interest him to look at it.
babYeupright, he joined the Empress of Australia at Monaco and will make
mystic east, for new and haunting, melodies which win later be sung and I the saying of .thoee things whiele at- 1 The King at that time was unable
hummed and whistled the width and dength oi the globe. to read or even to listen. or talk to
tract $100,000,000 every year into the
THIRTY YEARS WORK
London—In the early days of King
TI • rl I will so'on have another symphony! Rudolf Friml, the noted
province. There is no bigger question ally one. How to give the King some
uitia
To Fish or Not To Fish? hirielf with, as great as Hydro or
that a man can make a monument to
•
anything else, than ,the preservation
distraction was one of the dlfiiC
of his ease.
The screen has an interesting his-
tory. It took King Edward over
thirty years to completely cover the
This Question Must Be Answeredfor future generations of our es e
1 ness against the terrific eneroaehment ,
I of an absolutely unguided and uncon-1 screen with photographs. He con.
Ontario People Will No Longer Be Put Off With Disinterestedi trolled tourist traffic." 1 eeived the'idea of making his collec.
Members—Wake Up!
the Provincial Government • Such then is the matter as it etands. America and was the guest of Presi-
dent James Buchanan. The President
A VITAL QUESTION • 1 affected forget politics and join'
forces for real effective legielation-- autographed photograph and it was
for a real substantial appropriation
tion of *Photographs when lie visited
"Passing the Buck" Action On the Part of
'tionsi gave the then Prince of W'ales hie
•
1 Jt's time the men from the sec
For years the quiet fisherman, the to
\
ardent angler and the incoming tourist long
has asked the question, "Where are
'er wealthy in fewest and game.' for a worth -while department to look
the realization that we ai no
after aur birthright.
Education Without a Syllabus They can forget politic,s, for, the
•Lhe Parliament Buildings in Toronto i "This is like saying 'let us educate 1 appropriation Is set aside, good Con -
they biting?" The 'recent meetiege at i ;
brought 'forward little real depart- Inv heathee, but we can't bother about I servatives will benefit by good jobs—I of Wales to continue putting the pho-
tive utterance was concerned. . I masters: For four years the organ- I business, and our province will bene -I Presidents cm the screen, but the hope
tographs of succeeding American
Mental interest in so far as authoetta-!missionaries and schools and school -1 good Grits will benefit by increased'
Now is the time for the members lized anglers have been doing nothing I fit by being made more attractive to:
i was not realized.
from Ontario County, Grey, Brace, else than survey the condition of af- I ourselves and our guests from over 1. 'When the Civil War broke out it
SPORE
Simcoe, Muskoka, Parry Soimd, the fairs. Thirty-five bodies have merged! the border, The only way to make 1 was unquestionable that the syn -
Victories, Renfrew and all our north- into the Ontario Federation al the one hinelrea million dollars two 1 pathies of England, or at, an events of
erly ridings to awake to the oppor- •• ' - Nowgovern- 1 • dollars is e si the idling classes, were with the
Anglers what is the hundred million to re-toel-‘
on e ma , tunity they have of making a real stir 1
nent going to do to create the basis i our streams, license our anglers—, South, and there seems little doubt
merely temporary. Noranda has been enquiries. Mr. Moore is prominent in on the floor of the House. of education? It loft. schoolmasters local if need be and foreign—and; that the then Prince or Wales :shared
earning at the ate of clese to $3.00 conservative mining investment : It doesn'•t matter how Much the Ive need firet for a situation like this. properly patrol our holiday lands with 1 their sympathies.
annually on returns from a single circles. --- Government does, or plans to do, On '
Firet eve have got to send in doctors • Sufficient, efficient, properly trained i At the conclusion of the war it was
one of the first to be put on the screen
In close proximity to the photograph
Buchanan are photographs of Em-
erson and Oliver Wendell Holmes,
woom the Prince met in Arneriea.
It was the hope cif the then Prince
reverberatory unit. Sinking of the behalf of eestocking our lakes and .,
and engineers to save the remnant. 1 wardene, garbed in a dignified and 1 the Prince's intention to write to
new No. 4 shaft is proceeding. It will market :attention recently. The de- streams:, they will not do half enough , I once to keep order. After that mis-i suitable livery of office, whose duties 1 President Lincoln for his photograph,
can be made to cover enough divers -1.n but the Prince was advised feat it
be completed and. equipped for hoist-
fled endeavor to be practical, and in -1 would not be diplomatic to do so, as
ing ore in the letter part of this year.
At the 'present time No. 3 shaft pro- teres•ting enough to attract the right I there was a nossibility of his request
men. By this is meant care of our 1 being refused.
No. 1 furnace has been shut dowm for vital question.. I which did not come to Ontario to see 5 1 D -- ' 1.' - '
11 1 a d game fi e prevention, water
polution inspection and, generally, po- of a President of the United States
The next autographed photograph
vides insufficient hoisting capacity; big, broad, open-handed stand on tine "Last season the tourist traffic,
repairs, and No. 2 furnace has been Writing for his column, "Rod and its tall buildings and marvellous fac- lice duties that require brains and to reach Buckingham Palace was that
duction figures have decreased. Im- the matter fairly and squarely as ,it: ers, left hen $100,000,000 cash. More to handle as they should be of President Wilson, who gave his
biomes in. As:a result the current pro- Line," In the Toronto Daily Star, puts tories but to see its woods and wat-
provement is expected as No. 2 fur- appears to all those conversant With than mines produced, more than ape
1 handled.
ability
photograph. to Ring George when he
mace works in. It is expected that be approximately 1,833,000 shares of the .situa.tiou. He says as follows: culture! Our greatest asset!, se • was the sovereign's guest after the
Noranda will show itself capable of the total authorized c:apital of 6,000,- "Perhaps the mos•t interesting as- "If a business house had ale asset New Method of WWI%
earning well over $5.00 a share mutt_ 000 shares remaining in the treasury._ pect of .the gathering of anglerseethat produced $$00,000,000 per annum, i This screen with the extensiese gal -
ally with two furnaces in operation. This should be approximately suffl- guides and tourist traffic interests at how much of that income would be • Fighting Weeds
• lery of photographs affixed to it Con -
At the ' rate the Horne Mine is de- cient to bring the mine into produc- the Parliament Buildings last week to set aside for depreciation? Ten per stitutes an interesting pictorial story
veloping the doubling of present tion in a big:way. meet the special •committee on game cent., five, two?
i
smelter capacity seems justified. The Mandy has not received much mar- fish was the amount of space given to "Two per cent. is dangerously low,
•
forthcoming annual report will be ket attention recently, but it is due to it by all Toronto newspapers. even in a business that has no visible
most conservative. For those who reach its 1025 foot objective in shaft „Two years ago the question of depreciation. But our forests and
*have the patience to hold this stock sinking and commence lateral work on game fish was of so little interest it wild life are amongst the most perish -
we have no doubt they•will realize up- three levels hy about March lst. Only was almost impossible to get a line able things on earth. The history of
wards of $100.00 a share. The retire- ri, small amount of crosscutting will be about our work into any but one of America proves -it.
the Toronto dailies, "How much do we spend in Ontario
"Now it makes the front page of Per annum on our game and fish?
them all. Less than half a minion!' And that
• ' • includes the salaries of deputy minis-
velopment and _exploratory work has unless they are forced by public
yielded some surprisingly good .ec-I opinion in the form of members' ex -
sults, especially on recently acquired: preseions, publicity made, to take a
Claims, situated along the mineral- • -
ized break. Sherritt will undoubtedly
be. productive of big tonnage. It 'may
eventually rival the File Flon. It
has plenty of cash on hand for some
time ahead and there is =del:stood to
sionaries and schoolmasters can do
something,.
A Hundred Million Asset.
of over thirty years of Ring Edwards
life and is likely to recall to Ring
George many incidents of his younger
days.
There is a photograph of three
young boys taken at Windsor Castle.
The eldest boy was then William,
Crown Prince et Germany, now ex.
Raiser. The other two boys were
Duke of Clarence. -
King George andLis brother, flit
Osaka Is Largest Oriental City,
With 2,333,800 Population
Osaka, JapaneOsaka, the industrial
cpeianctere aosf Jthaepaeunsmilia•er,gleisats criettya.ined its;
that does not injure fertility of the soil
for approximately two years after ainl The latest government estimates
Although. the roots frequently fill 8filitenetande niteotoirotiliosmh °Tido%
plication, and often indefinitely. Westelfl
the soil to a depth of four feet, bind- when the capital was wrecked by the
weed, literally taking whole fields 1923 earthquake. The figures are:
Kansas, has been entirely killed in Osaka, 2,3$3,300, and Tokio, 2,213,40(1.
patches treated with sodium chlorate.i The two cities thus rank far ahead
Applied he the late fall, the chemical! of any in the Orient, and the Sap -
has destroyed Canadian thistle in New i anese press claims for them sixth anti
York without impairing productivity 1 seventh places, respectively, among
of the soil. In Indiana a solid patch the cities of the world, behind Lou
don,New York, Berlin, Paris and
Chicago. Recent figures, however,
show that Buenos Aires, Philadelphia
snent of the $2,500,000 bonds held by necessary to reach the favorable zone.
Hollinger is a constructive piece of Sufficient encouragement was en-
countered on upper levels to make ex-
Theinancing. pioration at depth decidedly interest -
Manitoba FieldA Hint of Bad
ing. Reflection of this program on ii gs
tars, stenographers, anti no end of
• e the market is not unlikely. The stock "Those of us who attended this meet-
thiegs besides hatcheries and game
Hudson Bay Mining and Smelting
is in very strong shape. It looms up - •
nas been dragging recently at around ing who have had past dealings with wavens.
as one of the most attractive Can- $1.25, The,operation is well financed governments somehow got an impres-
What Is Expected
adieu mining ventures from the in -1 and very capably handled from a iso not ill omen at this gathering.
"What anglers expect our of this
venters standpoint. The shrewd and The committee itself said nothing.
powerful group bolding control of
this eonpany have said unofficially
that the Flin-Flon earninge in the
mining standpoint.
The Smaller Issue
Wright -Hargreaves is now, looking
first six years operations will be suf-better after an unusually- tempestu-
ficient to meet the entire capital ex- ous market career during the past
penditures. Its ore reserves are esti- twelve months. Mill heads were not
mated to be in eocess of 20 much above $6.00 during the final
tons. The company is in an wassail- quarter of 1928. )3tillion returns were
able financing position with over also low. Profits' were approximately
$16,000,000 in cash to meet the des $18,000 in October and about $14,000
velopment and equipment require -lin both November and December. The
ment before starting production. Sven I mine is looking definitely better, how-
aficr expenditure of chase to $6,-1 ever. The downward continuation of
000,000 for power development tst the vein encountered in the north
Island Falls, Saskatchewan, there willj workings in the direction of the Sy).- sal.:
a 'We cannot count on govern-
ealasei them ineffective old men or local jests.
be left more than ample funds for vanite boundary looks like extremely meg action. Edueation is our
sme;ter consteuetion, mine develop -1 good ore. This vein has been en- tion. We must educate the country but a cons of 200 or as many as are
pedal survey made by the committee
Hon. Findley Maediamid, C. N. Can-
ede, Prof. B. A. Bensley and Prof. W. •a're
J. K. Harkness sat at the head 'of the ontile still see
rapt:ritiagetC1)/
room facing 200 selected and highly *go‘'‘''Aerls3;lesaell
the situation as regards depletion of
interested members of the angling
brotherhood, guides, hotel owners, 01,1,tAarelaTelsvraotc1;1(Ti.ng
svillingness of the
commercial fishermen and sundry
government to spend much larger
sums than 'half a million a year on
game and fisheries.
".A man-sieed berm. or biological
board to study from the scientific side
the question of saving what is left of
fishing in Ontario.
"Not. 75 game wardens, many a
others, and never said a word.
"But Hon. William epeak-
ing in the absence of Hon. Charles
McCrea, made those few remarks
which make us feel that the buck is
about to be passed as it has been
passed for the last hundred years. He
snent, townsite and other nee-ls. The: countered at both the,1500 and 1750
• management has a far-sighted pro.'ilOot levels. At the former horizon it
gram. It has been most reticent. was OA feet wide and assayed $48.00.
about mine development, which is No returns wee available yet about
iman'n however to be most tameable. values and average widths at the 1750
It is estimated that there is enough foot, but it is understeod that the ore
• ore to be obtained by glory -holing to looks comparable both in quality and
pro ide molter feed for the projected' quantity with toe level above. The
3,000 -ton mill for at least ten years.' management Seems to be sanguine
Hudson Bay will undoubtedly earn that it has the makings of a new mine
market recognition of its assured below the faulted zone. Lake Shore
earning power in due course. The has secured wonderful ore recently
stock should be held for substantial very close to the Wright -Hargreaves
appreciation in the weitee's opinion,!boundary. All thess• things combine
• This conclusion is reached after seto make the Wright:Hargreaves sit-,
curing, the beat information obtain- uation look more cheerful, especially
able, and after making a personal, for those who are williog to held
visit to the property in Northern1 their stock for some time.
Manitoba. It has been holding stead -1 The situations. at Teck Hughes omit
fastly around $21,00 -recently. • Lake Shore are Qxeoptiopaliy good ,
Sherritt-Cordon. has craned mucli! arid these will be:outlined in succeed.-
ing articles if the correlation of mine
the writer meet a responsive audience.
In the meantime requests for infor-
.AVANTED Illation on Canadian miming subjects
will be cheerfully answered in order
Acialommuzikess developments and =Act opinions of
Local Representative
Responsible reproSentative Matt-
ed in:this community to. repre- .recoiPt as far *as space pelnlas•
sent an incorporated Ontario Address your Coquilles to Mr,
conmaey, To the right man Moore, 10 Jordan' Ste, Toronto, and
who has the proem. connection a your letter andtanewer will appear in
very attractive propomition will Mt early, issue,
be made. • • • .44 \
•
tereee alimony and bigamy?" "Ali.
Apply by letter to
W. E. Smith, Manager,
11(18 BLDG., TORONTO 2
.48••••••...
"'fey, Pop, what's the differeSee be-
inonY is 'keeping a woman apart.
"And bigamy?" ' ",Bigainy is keeping
two ,r,,;..-41.-•star1.,"..... • .0=00'44.
-
. •
Sodium Chlorate Utilized to
Combat Quack Grass
and Other Farm
Weeds
Washington.—Quack grass, with the
possible exception. of Canadian thistle,
the most notorious of all weeds, is be-
lieved to have a new and powerful
enemy in sodium chlorate, a chemical
which tests have shown will Rill both
roots and tops of the plant.
The idea. ot tilling weeds with
chemicals is old, agriculturists explain,
but heretofore none has been found
of months later the ground was lige
and ready for seeding,
Because sodium chloral° is -explo-
sive if thoroughly dry .and mixed with and Moscow all would contest this
Rue material the Kansas experimental I -claim
station has made tests which indicate; A feature of the 9-x 1 r
esee figures is the
that magnesium or calcium (Norge, rapid advance of Nagoya, a booming
neither of which has au explosive ten -I -industrial centre, which has S70,000
dency, may be expected to give as I inhabitants and is growing at the rat'
good results as sodium ehlorge. .1 of more then 50,000 a year. Next in
Quack grass, 'Mitch first attracted order come Kyoto, Robe and Yoko -
serious attention about 1S37 when it I hama, all above the half -million mark,
was noticed in gardens in the vicinity
of Philadelphia, probably is a native
of Europe. It is known by vedette
Pa ch grass, WI regrass, couch-
' grass and othere—and le a vigorous
With tiny tugs panting in theie efforts to nose the twenty-thoueandet011
Canadian Tactile liner Duchess Of Anion into:the :stream, 350 passengere left
NesveYork recently on a'"Oruise of Contrasts" that will take them to twenty
portiejii the Weet indiee, South Ameeica, Afritet, Egypt, Italy, Monavo and
IT'rano.e. •
This is the 860611(1.8011t11 Anierlea-Afieca cruise by a Canadian Prteitio
ship. Last year it was undertaken by the Earipress of France, the first ship
ti lonely fqltind ot 'Tristan de Cunha successfully. The visit
to at g
t The bappieet people are those who
• il isolated ItipOt IS One Of 00 most romantic episodes in the lives o t
Cheating
But it 4s as impossible for a man tEl
be cheated by anyone but. himself, as
and widely disirilmted in cool, moist the ;mine time.--Einerson.
for a thing to be and not to be, at
Perennial related to common wheat
enrages, probably causing more mom- --
lary beesthaueny other ,hi -,le speries! •
1 enefit by
of plant.
On small erne it :sometimes is de -1
stroyed by hand digging or smothered 1
with lar paper. It may be allowed to 1
form a sod which is plowed under din' -
Ing dry, bot weather tend the subse-1
(pent crop followed by a emother trop I
of some -heavy, dense growth.
Self Patience
By thine own emirs law, learn to live;
And it num thwart thee, take no
heed,
Anti if men hate thee, have no care—
Sing thou thy son•g, and pray thy
prayer,
And 'claim ito crown they will not
giro.
tO OrtliSerS, and li711011 110 tet111;11 tO 'Canada they will hale , t
being anion 1110, soyen. Inindred non -seafaring- peovie eve to have tlylt are so busy they don't have time to
think about -whether they are or not.
r itno wiedge-
Our (nose assoelation with the
mining industry and etock notr-
Itet operations places us in
position- to be of real hells to
you.
Why not benefit by our knowl-
edge and communicate with this
„office when you need assistance
concerning mining Market prob-
lems?
Wright, Wilson & Austin
STOOK BROKERS
'Members Standard Stock add :Irving
x eh a og
Ground Floor EL e;ii 1279
#51 KING 61".. W. 141ONTO