Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 10, 1929, Winnipeg, Manitoba A in Jive a Hess Winnipeg tuesday september 15 consolidated smelters enters Northern Manitoba me undertake development of Don Jon group on Thompson Drill on Way to Are regarded As promising1. 111 inc free press Raf. Sept. Dated smelter.--, rubs Clenry of the cp.r-. Its first entry into the or Northern Manitoba. It turned Here that smelters development of tiie claims at South to Thompson Lake. E Cene cd a no.5t. Promising n Pas Belt. the property full Toba mines i a cited. It is the terms have but been by a Diamond d Ili is to Thorn sin the of smelters by mining circles Here a one of possibilities Asar Manitoba is con Kerned. The Cifa monies a. An in usually quiet period in tie Mineral Belt and Al Rev v in Lias spurred a lagging interest has been Prev Alent for months. The rum or that Trie Cana Dian Pacific eventually build into n or Hern s heard As Ceifus of the important. Don Jon Deal comes to Well informed circles assert thru in Dnn Jon move May p Ove the stay in a scheme for Northern Man Reba tic Raij any reported to have pro in Teci a like to Island. Falls. Sask. And a the time consolidated 1 smelters Are Vav with Exten Sive Clevelopn-.cn-, in Northern Sas watch is an. Smelters have spent an Active season of scouting in both Manitoba and Saskatchewan. Opera Loiis in this province have Boscn secretive b it circles have been a Vare i the intensity of the search or Ore. By. J. One of Sellers Taro has flown thou Sands of . In this Belt to examine promising properties. Trie Don Jon group which consolidated will Speed a Diamond Drill programme is not. A new Dis covery. For years the Oregon claim had been 111 various Legal entanglements a state which kept it in a More or less dormant position until late this Winter when it optioned by Flintora. I the Don Jon showings arc be Sarclet j by several engineers As the most hopeful of the prospects in Tho Pas Belt. Trench samples have riven As says ranging from to s34.19, with Copper values As High As to the ton. Appreciable values la Gold and Silver Are also indicated. It is understood that smelters has acquired claims Lor three Miles Aloir. The strike of the Don Jon. The original find is on a Small Island at the South end of Llie Lake and poll Toba has outlined a drainage scheme to facilitate development. Is not known whether the plan to empty Thompson Lake is still under consideration. The property is Akodu 18 Miles by water from the flan i Lon railway. The nearest mile 67. Point on the is Morton Gamonal to 13. Oble to 58. Oregon to 20 Pencil to 515. Pioneer to 45. Porter to 178. A orcs to 170 Ruth to 73 a.1, to to 20. To a. Wiccan to 2-1. 8n. To 49 woo 3 a. 1 of. ,r.-. to .85 c. E. To 620. Premier to b. oils act int a a. P. To 415 in to to 1135 to. 20 to is1- to 180" Home to 3015. Illinois to to 865 to 130.00. Luli Lslie log to 180 to 132. Mcdoucall scour. Is Gur. Rx._-47on. To 103 Hill new Sis my storms to 20j to 115 to to 85, 210. Siml Jila Varia la to no trading in leading mining stocks furnished by Solloway Mills ltd., fur week Euleil sept. 7, 1929 slumps 55. Points after Strong opening Central Man advances Oil group stronger Cun Niini 1 Russ despatch Toro Ihu our. Sept. 9. In the Gen eral run or stocks on the Standard mining Exchange today trading was chiefly of a listless nature while prices oils company Abana Amity Amulet area associated b. A. Oil Barry to Bat burst Bedford Blacl Gool by Nina m a Cuba Castle Trethewey Ceu Lral Manitoba coast Copper Coni Agus Dalhousie Oil dome Vancouver stocks Miller. Court to 20. Co. Sept. Bin apr 13 to j l. 1317 15 o i 7. C1? to 0. Cork co lion in. 13b, Tocoi Kia River 34 to Copper Iio to Utaris Ione la. Golconda -71 to 73. 3.1 to Independence 7u to 7 a Indian of. Coal pc Coke 33 35. Kool May 11 Koozenny 35 of 3n. To. L. Consolidated 9n. Marmot sle tals Marot River in. 3vj. Grain a Complete service to investors orders on any 1 established 1857 i 367 main Street Winnipeg phone 24 s3 Home leads slump in i Vancouver Oil Section i persistent Bear raid forces Price to Lew of sept. Persist one Bear mid developed n Home Oil j on Stock exc Hajje today and lord eco the Price to a u Low of the close at 20.10. Early in the Day. The Price was at 21.00 Odd luts a towards the close of the Forenoon session a Lou of the Stock was thrown on Market at a steadily declining Price with Little support in evidence. There was a rally ill the opening transaction in the afternoon but again the Price was hammered lower on. Heavy offerings with tonal sales a 20.10, although the majority of the Stock turned Over Urot Mcl 20.25. The raid inspired by it report that there was Rome trouble in the no. 1 Well where a. Accumulation of ice in the Hole to said to have reduced the How. Officials of tie Imperial in charge of operations Are reported to be in no Way concerned Over the situation believing the trouble will be within a few Days. A. 1s. Consolidated dropped in. Sym Pathy with Home and vouched a Low of 4.11, with the close a 4.15. Off 13. C. And e. Was Down 15 to 6.15 with the High . Dai Housle lost 23 to associated 00 to 2.50, Calmont 50 to East Crest 17 to Freehold 5 to 1.80, Ilav Gal j to 1.80 also. Mercury 5 to 1.02, Spooner 5 to -25, United i to .1.1g. Mayland touched a new Low for some weeks of 8.70. Thero was Aux in the Case of Sterling , which gained 2 to 2.09 or. The a Cor of inc Home Sands being struck. In the mines Beeves Mcdonald was he feature gaining 10 to 1.05, wit lie demand at the close. Oresile was vip 15 to 5.15. Big Missouri was off to 1.14, silo Flake was up to 35, Premier from .1.72 to 1.75, Gratis Vlco Rafiei Selling to Lov of 30 cume Back to 32, Goi Conda. Held at 72 cents. Noble steady at Ancl Gcorge Copper had facies at 5.25. In the majority of cases recorded stronger Bent. Out of total sales recorded to fi20 Haj is Oil. Amite and Amu let rights recounted for More than half while. Ajax alone showed sales of shares 1 or the Day. Ajax opened Strong at touching a High for Che of s2.co. And later fell to a Low of ?1.02, and close of si.95, with a total net loss of 55c. International Nickel opened at 853.-j Kootenay Florence 50, closed Down si.25 at Noranda j Lake Shore opened at 864, but weakened to close i at a. Net loss for the Day of 25c. And Hudson Bay dropped i5c, to dome mines moved up 25c, j to 69.75 Mclntyre gained so to and Falcon Ridge dropped Clos i ing at ?10.25. British. American Oil took the greatest drop Iii the Oil Ronn. Closing at sg8.25. For a. Loss of new boo Mayland Oil opened at and closed at so off 70c Home Oil i Noranda Palcon Oridge Nickel Hollinger Home Oil Howey. Hudson Bay Imperial Oil new International Nickel International Petroleum 1 Keniey of. I Kirkland Lake Ucma Fiand Dougall l i Man no corporation Down 50c. Closed at s21 chemical research at Su-3.75. Declined 25c. And Imperial Oil advanced 15c, to sg9.15. Amulet gained Point to close at and tie rights were unchanged at 25c. Arncie gained a Point to Cosu at 31n Amity up 2c, to 20c towage no and base advanced 5c. To s1.50 ind s5.40. Respectively Central Manitoba up 8c. To 40c Mundy advanced 2c. To 52c big Missouri at 41.20 gained i Points and Sudbury Basin opened at and closed at 88.40, gaining in Points for Day. Ven Turr a dropped 40c. To s7.35 Alsko Down tic. To 4gc Bwana m Kubwa off 5c closed at .1.8.35. And wait a a scr Man dropped 25c. To opened and closed it dropping 25c Koney Gold lest a Point to hol Unger at 85.85, and mining Corpora Tion at each dropped 5 Points closed Down 15c. To s2.35 Premier off he. To 511.70, and Siscoe declined 2 Points to close at 8sc Pioneer Minos moved up 5c, to 35c. And Peter son g Balv advanced 2c. To Rore strength took hold of prices in the Oil group with Admiral move nor tip 20c. To s2.80 Batac up lie to 51.80 Mercury advanced 3c, to Sterling Pacific at s2.05 and Acme open 72c. For a net Socia red Gas and of declined to Diilio Tisino Down Loc. Clos Aci at so.25, and Zaimont lost 10 Points to close at s4.70. Oregon Copper Ped Orvllle Pioneer Premier san. Antonio Shirritt Gordon Siscoe. Southwest Pete Sudbury Basin. Sylvanita Hughes Towa Mac Treadwell Yuk ii ventures limited a Load Oil Waite Acker. Mont. Wright a Large eaves shares issued 2, 2, 3, y. 1.s95.50.5 4.767, i m i 500.000 pfc value 1.00 to 1.00 no no 1.00 no 1.00 1.00 .50 3.00 1.00 5.00 5.00 no no no 1.00 no no to no 1.00 1.00 .20 1.00 1.00 no no 1.00 1.00 5.00 5.00 no 5.00 to .50 1.00 1.00 1.00 no 1.00 1.00 no no 1.00 1.00 1.00 no 1.00 Range 1928 High s4.80 .55 5.16 .48 55.00 1.5014 .3d 1.60 a 1.94 c3.00 5.50 2.00 13.35 5 .30 13.05 1.91 22.55, 4.5.25 55.00 .85 2.75 .47 27.70 3.50 .74 u 20.00 5.4.6 .09 5.90 74.00 25.00 .68 3.50 8.40 .95 11.75 3.00 11.51 4.25 31.50 Low si.75 .24 2.50 .11 47.00 .25 .32 .25 .35 .58 30.00 1.70 1.55 7.65 4.50 7.05 .61 16.40 32.00 45.00 .37 1.05 la h.75 .70 1.13 .31 10.00 5.35 .23 2.50 37.00 8.00 .30 2.1 to .18 5.150 .52 s.15 1.95 7.55 2.25 8.00 Range 1023 High Low .55k, 3.75" Range week .14 1.00 8.00 .44 .73 1.25 .05 -40 31.25 j 4.50 10.00 27.00 1.43 2-j.oo 41.00 72.00 .02 3.91 .30 "7.50 1.55 1.80 15.00 24.50 .d3 ii.30 70.00 .17 .67 2.36 .261-2 d.85 0.25 5.50 2.80 .b8 41.00 .34 .53 .10 a.7a .06 .45 5.50 4.io 3.60 .35 2.00 46.75 .05 15.50 1.35 in 7.10 7.50 30 5.20 1.04 High 5185 .20 2.75 .10 3.75 71.55 .28 .10 .48 21 8.50 .81 .10 1.2g 3.80 10.00 11.2. 6.25 23.50 1.10 18.70 41.00 55.60 29.75 .45 .70 24.00 .1c .50 .23 10.10 .47 14.80 4.25 65.75 i 2 .34 1.7ft 7.40 .05 x80 .85 n.135 1.r2 9.60 7.so to .20 Low s1.75 .34 2.43 2.bo 63.0022 .05 .40 .14 7.60 .20 .30 1.20 3.35 ij.55 10.20 0.50 21.25 1.00 18.00 3ii.30 52.25 27.25 .44 .58 .12 20.75 .07 .45 .18 14.10 3.go .38 2.00 62.25 .05 5.25 .30 1.70 to 3.25 3.20 ,80 5.20 1.04 7.00 .24 at Bernic Lake no. 3 Hole cuts 20 feet of heavy n my mineralization deep Una Zmij sales of i 21.500 1 131.500 i my i 58.500. J 3.000 Good Progress is being Macic in the 700 Diamond drilling Campaign at the i boric property of the Jack mines limited. Three holes have keen drilled on the property tiie of working out features ahead of a Hig underground develop ment plan. Bias Joist received that the no. 3 Holn has Chi m feet of heavy close to the Pegmatite veins carrying tin. Thu is with Pyrites and ills is considered a important geological feature. Deep drilling will continue to be followed by intensive underground Vork. I am pack cd with results to Jack Nunt president of Trio com Pany said recently and i feel Coli ii ent Fiat die outcome wiil be definite establishment of the fact thai Manitoba tin in commercial 15.500 j quantities. 1 believe i Horn arc Many 6.100 purge dip Oslo i in this of ii. Which will i be proved up by sy.stemalii1 and Ful important spa Uin the fincllii1. Of Othor rare tells ism lit Many of which _1 i within a year have scarcely been 27.-00 Tho work of properties 4.boo 4.200 7.000 120.500 3.100 2.500 5.500 20.000 53.500 3.800 43.400 3.700 is costly 3 in one thai 38.000 by prod cos alone this s.300 i close to ii self. Lop 12 so inn " to Cienci y Dollar spent in d 25 .500 02500 a c 3800 he Winni Uci j 371 500 i concentrates from 5.000 ? my pics of pcs. 1, 3 and 4 made a total of 218 barrels or crude Napter. During the 22 hours which they were on test and drilling was to have Bacn resumed at no. 4 from a depth of 1.430 feet in the 2 o clock this. Morning., George r. Cloakey managing director of Mcleod advised Early this morning. No. 4, which Hao been Cal production for some time and was drilled to a depth or 5.230 feet by the last Crew saturday night made 106 barrels during Tho .22 hour test and bailing was started at mid night last night preparatory to re suming drilling i the Lime with the Cable tools Early this morning. No. 2 which has been 011 production for some time made 72 barrels during the Teal. No 1 made 40 barrels and no. 2. Al though not on the Olli Cial test is making about 10 barrels a Day. Mcleod no. 5 was Down 135 feet wit i Cable tools Early this morning. Montreal Mark totes Sou. . Union Pacific new Haven it Basli Mary Ruxi . Air Brake am. Brake shoe air am. Car am. Locomotive Oca. By. Signal inn. Tank car Tojima Loco pressed steel car. Pullman co. West House air All. Refining of i -fi6154 154 159 i 159u _ 2eu z9a i 133% _ 70 70 4. 4-j i 59 101-.1 124-Ti 124 124 113 4h" Ufi. 3 a a i 85 41 0400 Premier Sven Antonio. Sherritt g. Sisco0 a w. Pete Sud. Basin Sta Acona or. Tech h. Trea dwell ventures Waln will Oil. D. h. Walto a. 175 Ion 13 735 88 325 000 investment Bankers Pri sent Market conditions afford Many opportunities for profitable investment on the various that you should not Overlook. Ask for our recommendations. Gage Evans. Spencer limited 272 Portage ave. And 554 Grain Exchange. Phone 80 391 v broader interest evident on Winnipeg Stock Mart a broadening of interest was evident in today s trading on the Winnipeg Stock Exchange with eight issues appearing on the Board in the general list and five in the mining Section. North Star Oil common Drew the largest sales in tile general list 325 shares changing hands at 2054 to 21 the close being fractionally stronger than the previous close. Manitoba Bridge was fractionally weaker on a fair turnover closing at 44 Western breweries was unchanged at 12, United Grain growers Down. At Winnipeg electric preferred Down cacti orally at-103, and Crescent Cream Ery unchanged at 98. In the mining Section 500 shares of san Antonio changed hands at 13, up one cent from the previous close c. And e. Had a fair turnover at 6.50, Down 5c. 100 shares Howey changed hands at 1.03, and 25 shares of Teck Hughes was traded at 6.55, up so Mcleod n3. 4 made 10b barrels on 22-hour test and resumed drilling at 1.490 feet i the Lima sunday Naglit. Total production 228 barrels Nao Luv. Official special despatch to the free. Press slow Ifrene. Sept. D. Stocks pursued nil irregular and in. The main Dull course in monday s trading on. The focal Exchange while the Market in Wall Street wan indulging in what was termed n secondary reaction Tho of any Adverse development Sug Gesting that the decline was a further correction or the top heavy Specula Tive position that can reasonably be expected to have resulted from the protracted Advance. Trading was on a comparatively Light Cocalos Here and at the close losses exceeded gains by 29 to 1.7 while the average pries of Twenty stocks declined .31. The local list bears a highly selective appearance ind for the most part traders have adopted a cautious attitude pending a cleared picture of what the mediate future holds in store for the Woolworth Wall Street Market. International Nicl cel International Nickel continued by Gen. Asphalt houston__------.-----. . Of Middle states Seaboard . Or . Phillips prod. A refine a a the pure Oil Royal dutch a Timmie a Sinclair . Of Calif. Shell Union set oily trans con t. Texas co. Pisk Gocci Rich Goodyear Kelly . A Amer. Sugar bet. 82 cuban great Amer. Tobacco------200 Amer. Tob. 114 05 u s5 37 74 a 35 43" 37 64 i Osvi 153 158 287 291 122 122 i 60 i 45 208 123 i 44va 58v6 200% 100 123 122 112 i 43ij 64 1 74 70% 2v, 64 "85 37 74 i 71 v j 42 w 33% 40hi 3 i % 3g 13 43% 13 h co t 27m-. 42-vn 13 i 08% Springfield rubber 5 lie lot i 135 b As 10% Gen. Motors Hudson Sterling sex cd Iaac easy at Lor sixty Day i Bills and to or Denind. Foreign bar a incr. 51 a. 1 Canadian Dis. . I.90 15-10. Lire. I the have proved highly or. Suraci .1 i the up Nion feels to and tin Ore scr ii Only there thous of course 1 1n it Lon of Ltd to to proven by actual hav company ltd., september 7, j925 of and offer for s fisc. S of in. Oil Kemr ii Vancouver. Read the received eater div Oil Well Del Liinar at Nineteen Hundred and Orrl. Nah a sniff Doivan to within six feet of Bottom. Hare drilled five feet into minis. Gas Start intr to Tomc from Bottom of Hole. Imn of Sands vet. Conditions look most favourable for Early i race is two cents 1t-k. . I Lill on application. Mytke All to Stock Bond and investment a Korkus. Paiik . Ruo xes 34 a 73 i motor muck truck lol i 101 66 66 Elsil 3g1 Overland la i s 11 Reo Spicer Sou ii 75l i Steward _ 70 co h g j Timken Liol 114 110 j 111white _. 46 i 1 allow truck _ Iob 30ts 30u 357 a. M. Byers 140 he i Amer. Can 17-1 Anier. Int. Corp____84 Amer. Radiator Amer. For. Power _ 108 169 alias olmlmors___3f.u Amer. Home proc 70 Armour of. 12 a 12 Armour by s Gas Amer. Safety razor Brulik. Ealker _____37ta 37rn 37vb Bur Ruglis biscuit _____201 207 Brown Boverly 235 231 1414 171 173 32 53 16c 83 153 Best co. Calif. Packing Corn prods. 115 cont. Can 88 88 Congo cum _ 23 23 certain teed ii j. I. Case i _ 400 415 cons. Textile 24 22vn 27a b 400 231 107 i 82u 15 35 23 283o 415 Aero Canada dry Eastman elec. P. It. 2g831 208 1 82 31 it Auto Lite 119 140 i4to Fleischmann _ 10 105 101 305 p. G. Shattuck 59. 1 sow 60 Fairbanks m. _ 547-h fount nation 4n4 i Fox film 07 a 95 05 Loti Congress Clear general Cirar Lorillard Reynolds Tob. Products United Clear stores Asod. Dry goods _ Mont want May stores Munsin Wear Roebuck 70 56-5 ii is a m 243to 108 19v, 200 Pooai 24 i 56 to s3 i 198 70 13 2 n 56 i players Gillette Gold dust Gen. Electric Glide Len household prod. Int. Harvester int. Combustion an. Ice Johns Manvique. Jewel Tea Kraft cheese Keith Albe Loewes Kelv Nalor coca cola dec Roger. Lohn Fink Joose Wiles Loev is Man. Elec. Supply _ Nat. Cash Register. Nat. proc. O. N. Ore Ponick Ford Phil. S org. 70% sri 68t 134 "4 134 i 132 i 134 go i 38gk to i 61% 61 i 378 i 59% 14 b 82qn whekj3 you can Soli your curl s r on tent where Nicea teem Wii ii fish that Figlilo j o i an Rov or Canoe fur in run in Ciciless Chain of winding Watt ways. . Three hours from Winnipeg slay at rates per Day up. Meals f include i offers a i i Tho comforts of a modern big City hotel. 83aa Sims 243vn 245 165 Gifis 13 19 let s go closes the night of sept. 15th Minaki is particularly attractive now Fie most dealt in Issue on the local exc Iange but remained within its recently adopted narrow Price Range Selling up to 54u at the opening and yielding Only slightly to the general wave of weakness that swept through the Market in Wall Street to close lower at 53u-. The Stock appears to have worked itself into a greatly improved Market position and with developments keeping fully abreast of expectations at the company s prop erties the current attitude in the Street toward the Stock appears to be one the growing Confidence. While details of the company s pro Gress and prospects Are or less Matte of quite general knowledge now the Street awaits with some in Terest any statements that might re sult from the visit to Sudbury last and at the week end of several groups of leading financiers both Canada and american. B. A. Electric in Livyan earnings of the b. G. Electric rail Way co. Ltd., and its subsidiaries for the 12 months ending june 30, totalled 64-500 i.71, an increase of com pared with the year ending june 30j 1928. Tote b. C. E. B. Chief sub Sci Zikry of a c. Power corporation closed its fiscal year at the end of june but the fiscal year of b. C. Power. It is understood has been changed to october 31. So that the results of All i its operations May be fully known. Bethlehem Central Alloy Coio. Fuel . Cast. Iron pipe Amer. Steel dry. Quit states Inland Mck. T. Pm non 30 67 30 t 30 83 in i 49 1 23 23 radio Coryll. Reiri. Ranch Simmons co. To . Leather . Realty Wright Aero 135 Warren 104 Werner Bros. _ go electric 273 273 . Woolen 17 Money . 8 8 10.30 . 12 43 70s5 a 190 263 7nv 135 s90 i . It takes time to develop a producing mine. Operations in. The Field Are continually in is Ting new elements into the mining Situa Tion. New mines Are being constantly opened up. Canadian mining world will keep you posted. Mailed free on request. Limited specialists mining securities Winnipeg phone 80 151 of whiskey in Canada the government strip tells the Story ;