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HomeMy WebLinkAboutZurich Herald, 1934-09-27, Page 7thek%t tan qIvelhe mast POKER HANDS, to&t It pays to "Roll Your Own" with TURRE FINE CUT - CIGARETTE TOBACCO We Recommend "CHANTECLER" or "VOGUE" Cigarette Papers FINANCIAL THE REASON WHY! Readers of this column may wonder wiry a substantial proportion of it ,relates to the mining industry and mining companies. There are several reasons why the writer has largely confined himself to this phase of financial matters not the least of which is the fact that a. very substantial percentage of Ontario's population is interesed either directly in the mining industry or indirectly through their holdings of the shares of ruining companies. No matter where one goes mining appears to be a subject of common interest. Secondly, news regarding industrial concerns is largely a matter of conjecture as only a very few companies give out information except at the time their annual report is published, while progress reports from the various mining companies are in many instances issued a number of times during the year. The third reason for the preponderance of mining items is the fact that the industry has, during the past decade, developed into one of the Dominion's most important assets and leading financiers, business men and government officials have openly declared that the industry has been the largest single factor in aiding business recovery and it has helped in maintaining a sound credit position for the Dominion, proportionately equal to that of the leading nations of the world. In addition the mining industry provides employment for more workers than any other single class of industry with the possible exception of farming. Finally, but not the least important, is the fact that boom conditions existing in the industry have resulted in the placing of large orders for electrical and mechanical equipment, chemicals, explosives and other mining necessities which in turn has lead to manufacturers increasing their staff; car loadings have increased, and the industry has also provided new outlets for agricultural products. Over one hundred million dollars were paid in wages and salaries in 1933 by mining companies and the writer is of the opinion that almost every com- munity in this fair Dominion of ours has benefited in some way from the activities of the industry. It has also been responsible for the influx of millions of dollars from the United States, Great Britain and other coun • tries. These reasons, in the opinion of the writer, are sufficient to warrant preponderance of mining gossip in this column. New Wheat Crop of High Quality According to Country Guide, Winni- peg, it appears almost certain that the quality of the new wheat crop will be among the finest if not entirely eclipsing all previous records. Of a recent week's car inspections, 83.6% graded No, 1 Hard or No, 1 Northern, the world's finest spring wheat grades. A large number of tests from Mani- toba and Saskatchewan indicate that the protein content will be higher than any year since the protein surveys were instituted in 1927. Another feature is the continued high price of Durum wheat which has beeh running 10c to 110 higher than the corresponding grade of bread wheat. There were about one minion acres of Durum sown last year',' most of it in Manitoba, A. new source of income was open- ed to prairier farmers by the arrival of purchasing agents of the American Relief Commission in seareh of Can- adian straw. Prices will likely be about $3.00 for wheat straw and $4,00 for oat straw, products hitherto prac- tically unsaleable, It seems certain that this will aid considerably in swelling farm revenue in the Cana- ' dean West. Distillers Corp.-Seagralxis Ltd. Annual report of this company for year ending July 31st shows earnings of about $3,00 per share, and it is understood that current business is such that the present year will prob- ably show substantial increase in these figures, Working capital stands ' at about $13,000,000.00, Mining Dividends Dividends paid to date this year have already exceeded the total for 1933. More than $28,000,000.00 has been paid or some $200,000.00 more than the aggregate dividends for the whole of last year, Ontario heads the list with distri- butions totalling over twenty one and a half million dollars, while British Columbia came second with over three million eight hundred thousand dol- lars paid. Manitoba joined the list this year with San Antonio paying its in- itial dividend of over one hundred thousand dollars, MacFarlane Long Lac Mines A complete examination and survey of this company's property has just been completed by the consulting en- gineer, Mr. M. P. McDonald, and the progress report is being forwarded to shareholders. In his report the engin- eer states that work to date has dis- closed four mineral deposits, one of which is of major importance and is. described as the number two vein, Rocks and structural conditions ex- ist on the property favorable as a Ioci of mineral deposits and compar- able to those seen at other properties in the area. Trenching on the number two vein for a length of several hundred feet shows the vein to have a width of abort sixteen feet, The vein consists of several quartz veins and stringers with mineralized sclilsted material In- tervening, A dyke of quartz porphyry lies immediately south of the quartz vein which carries visible gold .and the engineer states that the property has good good possibilities of developing a ton- nage of profitable gold ore. during the past week there bas been talk of China abandoning its tradition- al silver standard in favor of some other form of monetary control. The reason for this is that higher silver prices tend to check trade with the Far East where cheap money, that is, cheap silver, has ten- ded to facilitate the export of goods, As silver prices rise, China becomes more important exporter of the white metal; and Chinese silver ship neutsr already have been of sufficient bulk to keep the London price of bul- lion from rising in normal response to United States bidding. What the fin- ' al effects on China and other Orien- tal .counirie>c are to be is far from clear; but it is obvious that a now phase of adjustment in world affairs is only commencing as a result of the new silver situation. In addition to the Eastern compli- cations, there will be effects in the Occident that cannot fully ne estimat- ed at this time. It is evident al-. ready, however, that from some effects of the silver -buying program there has followed a weakening of the U.S. dollar in Europe. This has ted in turn to the export of gold. In effect, then, the United States will be buying at least some of the silver acquired out- side its own borders, by the payment of gold from its huge store. Super- fiicially this redistribution of gold might seem to be in line with require- ments as defined by many of the world's leading monetary experts. But no effective redistribution of the yel- low metal will have taken place if it merely moves from vaults in the U.S. to vaults in Paris, France al- ready has more than 100% gold cov- erage for her currency, Net Profit of $5.07,Per Share for Lakeshore The annual report of Lake Shore Mines, Limited, for the year ended June 30th, revealed earnings of $10,- 145,705.00, equal to $5.07 per share on the outstanding capital stock, as com- pared with $3,60 per share in the pre- vious year. During the year 836,991 tons of ore were treated with an average value of $19,57, and total bullion produced being $16,382,274. This compares with 797,673 tons milled, averaging $16.64, with total recovery of $13,277,686.00 for the previous year, The report shows total assets $12,- 459,986.00, made up of the following items: Cash $7,295,207 Bullion on Hand and in transit . 502,242 Accounts receivable 4,735 Supplies on hand 290,652 Investments 1,769,922 Shares in other mining companies 805,600 Loans secured 9,335 Buildings, Equipment, etc, less depreciation 1,030,339 Mining properties 1 Reserve Fund 474,243 , Sundry Assets ..... 277,726 Current liabilities amounted to $1,- 486,352.00, made up of accounts pay- able and accrued charges $362,080.00 and reserve for taxes $1,124,272.00, In commenting on operations for the year, it is pointed out that the increase in the price of gold has made available a very considerable tonnage of lower grade ore above the two - thousand -foot level and for this rea- son intensive exploration on the low- er horizons is unnecessary for some time. Continuation of favorable struc- ture and persistence of values to greater depths isindicatedby results obtained on No. 1 vein at the 4,450 - foot level, Monetary Problems Approach New Crisis Financial News Bureau says, it be- comes increasingly apparent that money' and the regulation therefore is to play a more important part in the world's ultimate recovery from depression—the worst of its history— than hitherto has been considered likely. There still are eminent auth- orities who assert that "money tink- ering" will not cure economic ills; but it is perfectly obvious to anyone who follows almost any market for two consecutive clays that monetary con- siderations are playing a greater and greater part in guiding the course of business, President Roosevelt's last move was • in connection with silver, For the first time his silver -purchas- ing policy definitely brings the Orient into the world's money tangle, and Fall Wheat Fertilizer — Order Now -- 2-12.6 @ .. $32,50 per ton rl 2- 8-.4 O $21.50 per ton i 0-12-6 $28.00 per ton ( 046-0 @ $20,00 per ton o- 0-20-0 0 $22.00 per ton English fish Manure, $3 per cwt. 'Perms, net cash: Freight paid on orders of 600 lbs, and up, to sy points in Old Ontario. Agents wanted. The Earle M. Grose Fertilizers West Toronto, Ontario Write for prices Atlaoide '0Yced killer Issue No. 38—'34 London Tax Payments Up Have Collected 68 Per Cent. Of Total Roll London, Ont.—Out of a tax roll this year of $3,644,406,75, property fice $2,483,324,79 up to August 31, owners had paid into the city tax representing 68.1 per cent. A state- ment to this -effect was issued by Finance Commissioner Bell. Collect- ions on current taxes showed an in- crease of $141,601.18 over the eight - months' period of 1933, although the percentage was slightly lower be- cause of a larger roll. The total tax bill for 1934 amounted to $3.408,614.- 85. 3.408,614:85. Total collections for the first eight months of this year including arrears and statute labor taxes amounted to $3,109,237.21, an increase of $218,- 231.84 218;231.84 over last year and about the same as in. 1931. For the month of August collections totalled $411,871.- 63, a gain of $18,468.62 over the cor- responding month of 1933. A comparative statement of collec- tions on current taxes for the last six years follows: Total Roll Payments 1929 ... $3,196,026.31 $2,412,242,62 1930 ... 3,420,361.51 2,554,311.34 1931 ... 3,667,630.44 2,671,657.67 1932 3,588,689.63 2,632,177.78 1933 3,408,614.85 2,341,723.61 1934 3,644,406.75 2,483,324.79 Bring People to Your Store Advertising creates a desire to see. If there is a well-known advertised article described in the co:umns of a paper the people want to look at it. If you will let these people know you have it they will come to your store. It is worth money to any store- keeper to bring a new customer to his place. The rest is up to his good service and prices—a pleased customer for a small article may mean a life cus- tomer for many articles. THAT DEPRESSED FEELING IS LARGELY LiVER Wake up your Liver Bile —Without Calomel Yoe are "feeling punk" simply because your liver isn't pouring its daily two pounds of liquid bile into your bowels. Digestion and elimination are both hampered, and your entire system is being poisoned. What you need is a liver stimulant. Some- thing that goes farther than salts, mineral water, oil, laxative sandy or chewing gum or roughage which only move the bowels—ignoring the real cause of trouble, your liver. Take Carter's Littlo Liver rifle. Purely vege- table. No harsh calomel (mercury). Safe.Sure. Mk for them by name. Refuse substitute. :bo. at all druggioti Japan's Wheat Plan Success Completed 2 Years Ahead Of Schedule Decided In 1932 Tokio — The Japanese Govern- ment's five-year wheat -growing pro- ject, inaugurated in 1932 by the min- istry of agriculture and forestry to enable the country to supply its own requirements of the cereal, has achieved its objective two years ahead of time. Estimates submitted at a con- ference in Tokio of the chief officials of the wheat encouragement bureaux in the various prefectures showed the wheat crop in Japan this year will yield 44,849,900 bushels while the estimated consumption of the country is 45,000,000 bushels. In 1932, when the scheme to en- courage the farmers to grow more wheat and to teach them how it was put into operation, the yield was 32,- 488,800 bushels from a planned area of 508,716 cho (1,246,354 acres.) The planted area this year is 647,723 cho (1,586,921 acres.) last year the yield was 40,265,200 bushels from 616,476 cho (1,510,366 acres.) Since the domestic crop is now practically equal to consumption, the officials have decided to relax their efforts to increase production and to concentrate their attention on effects ing improvement in quality. Although bread by no means sup- plants rice, which remains the staple cereal, it has been popular as a food for several years and army regula- tions prescribe mixin- wheat with rice before boiling it for soldiers' rations. The wheat constituents counteract the tendency of polished rice alone to cause beri-beri. Burning up the Country During the recent dry season for- est fires have been raging in various arts of Nova Scotia. We venture that there are comparatively few within this constituency who have ever seen. a fire in action in the woods dis- tricts, observes the Victoria -Inver- ness Bulletin. Writers have depicted the prairie fire of the West. The prairie fire is a babe in arms compared with a for- est fire. A forest of fir, hemlock and spruce aflame is a veritable inferno. When the balmily spills of the bushy trees burn freely the wild flames sometimes cover a frontage of miles, reaching from the underbrush on the ground to far above the tree tops. This vast fiery furnace at times travels faster than a horse can trot. Wild animal life is wiped out, valu- able timber destroyed and frequently, in its course homes and whale vil- lages are razed and lives snuffed out. The fury and roar of a forest fire will never be forgotten when once experienced. The fire in the forest never starts of itself. It practically always is started by some Truman agency. Oc- casionally the fire gets away from a fanner burning refuse on his own property. Some of the most dis- astrous fires have been deliberately set by rersons desiring to burn over a barren to induce the growth of ber- ries. Then, too, there are the ac- cidental fires growing from camp fir- es left insufficiently cared for, or the carless match or burning cigarettes thrown aside by those passing through the woods, There are perhaps a hundred and one ways that forest fires are start- ed but practically every one is avoidable by ordinary care. There are license laws whereby the government can always know all parties who have been in any forest where a fire has been started. The utmost effort to locate and convict every one re- sponsible in any way for a forest fire should be put forth. Then severe 5UF1FFERERS` "cf- HAPPY RELIEF AE_",° Specially prepared by makers of Mecca Ointment --to give quick re- lief. e lief. Two kinds—No. l is forinternai ..t w.'. use (protruding and bleeding •"i. piles) ; No. 2 for external (itching Piles). Order by number from your dealer. No.2 "M E CCA" PILE REMEDIES Could Not Sew a Button On Her Hands Were Help- less with Rheumatism At one time she thought she would lose the use of her right hand- But "a blessing"—in the form of Krus- chen Salts—put her right again., "I was sure in a bad state," she writes. "In fact, I could not do .my housework, I was so bad with rheu- matism in my arms and hands. I could not sleep at nights, and 1 thought I would lose the use of my right hand. I could not hold any- thing, nor could I sew a button on. My arm would go dead. I was ad- vised to try Kruschen, and inside of three weeks I found such a change. I have kept on taking it, and now I sleep all night—thanks to I{rusehen's help and relief."—(Mrs.) J. H. Two of the ingredients of Krus- chen Salts have the power of dissolv- ing uric acid crystals, which are re- sponsible for rheumatic agony. Other ingredients of these salts assist Na- ture to expel, these dissolved crystals through the natural channel., punishment should follow. The setting of a forest fire should be in the category of crime. It en- dangers life as well as destroys pro- perty and lays desolate the country. The public Iash or a reasonable fire brand punishment may, however, be more to be feared than a few years in Dorchester. We have rarely heard of the per- pertrator of a fire having been con- victed and punished. Regardless, the powers that be, should let it be known that in future no quarter will be shown in the crime of setting forest fires. Duchess of York Digs for Potatoes When the Duke of York was un- able to visit Sheffield, because of a poisoned thumb, the Duchess took his place. At a g'rcup of allotments, where unemployed mien had contributed a penny each to present the Duke and Duchess with garden implements, their leaders said they had hoped the Duke of York -would dig up some potatoes with the fork. "Well, I will try and take his place," the Duchess replied, Unmindful of her high -heeled shoes and her white gloves, the Duchess stepped into the potato patch and grasped the big fork firmly. She picked up one of. the potatoes, tell- ing the men that she would give the fork to the Duke herself. FASHIONABLE HMR SHADES, Hair trends shade from dull .gold to soft silver. Blueish tints in grey hair are considered ultra chic. Orna_ merits favor stars and half- moons, flowers and feathers, Classified Advertising EUSINESS POR SALE e1SI3 AND CIIli' DITSINI:SS, $475 complete. Particulars, 1410 13loor St. fir'., Toronto. COUNTRY STOREKEEPERS CGENTRY STOREKEEPERS Weite Ii for Fall bargain prices in drygoods. General Outfitters Regd., liox 905, Mont- real. PATENTS N OFFER TO EVERY INVENTOOR. list of wanted inventions and full information sent free. The Ramsay Company, World Patent Attorneys, 275 Lank Street, Ottawa, Canada. AGENTS 'WANTED ABSOLUTELY THE FINEST line of personal Christmas Cards selling at $1.O0 dozen. Large selection embossed and hand -colored designs, calendars. bookmarks, choice of greetings, many new features, all folders, some with customer's initial, as shown at our ex- hibit at Canadian. National Exhibition. Send for samples. Liberal commission and bonus. Fast -selling box assortments also. Manufactured by Regal Stationery Co., 73 Adelaide Street West, Toronto. 5 Mix equal ports of Minard's and sweet oil, castor oil, or cream. Spread on brown paper. Apply to burn or scold. Before long the Is painful smarting stops So large aro the funnels of the new Cunard White Star Liner No. 534 now being built that three engines of the ,'Royal Scot" type could be placed side by side inside the funnel. The above drawing gives some idea of the size of each funnel. Kele big Cunarder will he launched on September 26 in Glasgow at a ceremony at which l`ier Majesty the Queen will christen the ship.