PAGE SIX You Need Something for the activities of the Festive Season Buy at Montreal Prices and make your money go farther Montreal Importers Third Avenue J. H. Miller, Proprietor Special Discount In order to clear out the few Tryii we have left we are allowing a discount of 33 and 1-3 per cent as our space i,3 limited. Also a discount of 10 per cent will be allowed on Gift Boxes from our Dry Goods Dept. Come in and look around. We will be jrlad to show you. Ask for a calendar. Mussallem Grocery Co. Ltd. Perfect Sight A matter bf fortsight. Many cases of eyt trouble are averted by early application of proper lenses. Present neglect may mean future trouble. A. E. Ireland Graduate Optometrist 319 Third Avenue. (Opposite G.W.V.A.) Closing : Out SALE NOW IN FULL SWING Many Hargains In COATS DRESSES HATS J. BENT Indies' Rcady-lo-Wear Third Ave. Phone 651 WOOD Dry Jack lInc, Cedar, Ilirch and Spruce For load $6.30 Per half load $3.50 Per sack 50c Firelighters 48 for $1.00 delivered. HydeTransfer 139 Second Avenue Phone 50 Night or Day WE HUY HOTTLES. GRANBY DOING MUCRBETTER COMPANY IS Ol'T OK 1IKHT AMI ori:nTi.i! .phohtaiily 1"mek C. A. MICKINO'S IHUECTION' Granby is telling an Interesting story under the able mantgfraent of C. A. Booking, who took charge ot ope rations about 18 months ago says the Mining itecoraer or wnn me comptroller o Water Rights. Parliament Buildings Victoria. B.C.. within thirty days after the first appearance of this notice In a SALE PRE INVENTORY We are going to dispose of a great many lines of. goods before stock-taking at New Years at sacrifice prices. Jap Orange., 2 boxes In bundle $1.75 iMixed Nuta. per lb 22c Christmas Candy, 40c line, per lb. B C. Butchers & Grocers Limited I'hones 13 and 574 Dr. Alexander Smith Block Phona S7S DENTIST MILK From Hulkley Valley FRESH MILK AND WHIP-PINC. CREAM Quality and Service Valentin Dairy Phone G57 George Rorie CHARTERED ACCOUNT-ANT AND AUDITOR Phone S8T 213 Second Avenue West, Prince Uupert ROYAL YEAST CAKES STANDARD OF QUALITY FOR OVER 50 j well-managed company whose former j The Cassldy coal mine and the by- looks as If he Is going to succeed In successes were obliterated by interier-! product cosing plant at Any ox were pulling Oranby out of the slough of ences from New York In matters which the directors did not understand. In this instance Oranby repeated the same mistake that so many British companies have made In their attempts to manage the affairs of their companies from London, with the result that failure resulted where often there was WATER NOTICE DIVERSION AMI I'NE. TAKE NOTICE that Gosse Packing Company. Limited, whose address Is Vancouver. B.C., will apply for a licence to take and use 1 00.000 gallons per day of water out of Unnamed stream, which flows northwesterly and drains Into Captain's Cove at head of Captalr Cove. The water will be diverted from the stream at a point about 700 feet from mouth and will be used for commercial and domestic purposes upon the land described as Lot 1253. Range 4 Coast District. This notice was posted on the ground on the 4th day ot No- vember. 1928. A copy of this notice and an application pursuant tnereto ana to the -Water Act" will be fUed in the office of the Water Recorder at Prince Rupert, B.C. Objections to the appli cation may be filed with the said Water side Copper Mountain. That Is a liability, not an asset unless It can earn substantial profits for Oranby. which It West. Vancouver. B.C.. will apply for a licence to take and use flftr nllrm Naval Oranges, 75c' size, per doz Pr tau-e of water out of small creek. ,A unnamed, which flows southerly and ........................ OdC nr.tn, in. Uiut.n T t r r f . 1 -... ou Mil! A I In the Matter of the Admlnutratlon Act; and THE DAILY NEWS Tuesday. Dectmber Z and Industrial Record. I - . . Granby has always been locally a 'every reason to expect success. per. Utah Copper. eU- a: d u certainly products of New York management. The ! despond In which it has been truggl huge capital involved and consequent Ing since the war. losses, gave Oranby a struggle for Its j Sir. Backing has been one of their life, llaydei' Stone and Co- of New j successful managers, and that la no York, had continuous failure with B.C. 'doubt the reason why he was appointed Copper and Canada Copper. They came j last cummer to the management of to the conclusion that the only mean ' Oranby. He had the good fortune to of pulling them out of that mea was 1 arrive at a time hen a long program by the acquisition of Oranby. Oranby j of construction and equipment had cfSctals on the other hand, regarded j been completed and everything was In Copper Mountain as likely to place full operaUon except the mill. His another millstone around the neck of i problems were Increase of production Oranby. as development and equipment and reduction of cost of operation, so of Copper Mountain would involve that the company might earn suOelerr heavy capital expenditures, with little, profit to pull itself out of the hole and If any. margin of profit And they get once more on a dividend basis. He were right for Allenby Copper, costing Is performing his task successfully, and it cents a 10. to produce, leaves little doing It well. aiarkln on a low market I'KOIH CTiov ami NlOl IT itKutt in stock I Here Is the record of the years However. Oranby officials changed, achievement and the burden of debt on the ahoul-l Period Production ot Copper Profit ders of the company gave Hayden. t quarter lb. M29.599 Stone and Co. the opportunity, for 2n quarter ... 9J13.032 481,83s which they had been waiting for some,3" quarter 10.183.038 MOMG years, to acquire control of Oranby. and effect an amalgamation of Oranby Totals and Canada Copper. They were not 29jD025O ll.4M.?9 Production of Allenby for last quarter local newspaper. The date of the flrsr ;slow to take advantage of It but at 641.584 lb. copper at a cost of ItJSe publication of this notice Is November, the cost of Oranby shareholders, who Pr lb. That mine is producing 2000 10 1&26. I . ..... i ., . .... Inni rf nr . . wt.i.. - .... . GOSSE PACKINO COMPANY LTD muhuuiuxx ufHwiauwi 01 wiat i '- . iwvc Applicant company suddenly Increased from 115,- of 2O000.000 lb. copper a year, and It BT J F Strang, AIrnt 000.000 to 150.000.000 atd without the expected cost will be cut to lOVje gain ot any real additional asset out-', Pr lb. That mine earned net for lal quarter $119,336. In 1924 Oranby had heavy bank and bonded Indebtedness. The ore reserve not at preesnt doing. Allowing $10.- t Hidden Creek Mine did not promt 300 XX) for Canada Copper and that u j W e for the mine of more than tee the limit of It value the deal simply rears. Today the company U out of watering Oranby stock by 100 per cent That Is neither an honest nor a legiti mate method of financing a mine or anything else. While the record of the affairs of B.C. Copper, and Its successor In Can ada Copper, has done anything but In-. spare confidence tn this country In Haydtn-Stone financial operations it debt with Anyox. Allenby and Casstdv In profitable operation. Working capital U sufficient for current needs and retiring, the first sinking fund 6"s at maturity, with prospect that conversion will either be called, thus forctrttf conversion, or exchanged voluntarily on resumption of dividends. The first mortgage bonds have been reduced must be admitted that Charles Hayden : "cce "e beginning ot the year by la a wlaard of finance. He Is president $200000. chairman or director of S3 American! Recent diamond drHlsng and develop-companies, including such large copper !mnt of be company's rtonajm Mine r-u ' i" .'" n-' V " operations as Kennecott Copper. Bran-." Anyox are stated to Bare proven Chocolate Biscuits in boxes, Jo?,' copper. Nevada Consolidated Cop-1 "r"l million ton ot ore of hiajfcer I1UU I Ul ................. iHlv ' ' " 25 per cent Discount on all Rjx Chocolates and on all llox Sweet Biscuits Christmas Crackers and Stocking. at greatly reduced prices WATER NOTICE , grade than In the Hidden Cre Mine. Increasing the life ot the Anyox plant to 5 year. The average value ta state 7 TAvr DlW fm ItslOV .... AMI TSE to WM be about aoom 3 a per ner rent cent roorw copper, hut out see- ....... . w . . . ...... A. I Currte. whose address is 141ft 8th Ave. J tlon oi lht ore-body run as high a 12 per cent AI.LK.MIY COPPER The company's Allenby Utoe at Cop- Naval Oranges, 60c size, per doz. fl mtoe?? Pr Moonuia u now producing oo ' cabins at head of Huston Inlet. The tons of ore a day and making coppw "lC water will be diverted from the stream U .. . w... mwvim .w - Sunkist Lemon, per doz. .... 30c a Plnt aout 200 feet from shore i rl.TT.... " ,luc- i"l iomugii iweniy-iour acre " " c.;(f tj n s , awni8 iremium bacon in piece, applied for under lease, and will be sociated with pegmatite dykes. A re- , rr. 1 1 . J. Miul fn. In4i.ri.l n.. . . w.l - rcK- 00c per id. ....... 1 oc ' M4fcww &wwa ujii c.-;f'. n : ir 1 lnd described a applied for to lease huitts Tremium Ham In piece, at head of Huston' Inlet Moresby Ire ri- Ih 17. nana. cent discovery made at a depth ot abrupt 800 feet belcw the upper workings promises to double the ore reserve Acadia Codfish,' in boxei, 2 lb.ioneThd.T'ofemLriBA:'"1 k CPP whum on. of tht reg. 50c for . 40c ' copT OI 1&U nol'ce and an application 1 great copper mines in Canada. Owing Eventhing InheVtorehas been i?o " marked down for ior Inventory- iiieui.ur, buvSrt du l Ru?". B.c. a,II,cu" UT crush and treat oblectlan to the anollcatlon mar be Present cost of corner at Ail.nh i. "0W. filed with the said Water Recorder or ..... . . .. IJring in the circulated price ?2J. 7' ..uTL. T. JTL " 1 usi !cm iv juu un ictraner i ana wijiun uurtj aay tter tte flrt ap-'io lOUc t your 10c bar of Swift's Wool VSe TiZ VJrs't Survey ha. been con-JMiap tree. .is December 20. 1928. ducting an Intensive study of Oopptr ROBERT M. CURRIE. Mountain under Dr rlmar. ho t. - EEJS2:jtn charge of the Vancouver branch of IN I'ROIIATE. jthe 8urvey. He has now spent two I season In the work and his report will IX THK Sl'PUK.MK f'OI'UT OI' ItltlTIMI k. .v.ltea with much lnt,rt Decein,f- A-D- I s appoint- j sundlng 12550.000 7 per cent convert- turn T mUMl. 'sed ill pVr-l,b,t bIore r ", at I2S a share, a ties having; claims against the laid es-U proposed to eichange the first mort-Ute are hereby required to furnlah aame.lg.ge o- due May 7 1928 for w tock This 1 properly verified, ta me on or before the," , ? . . . : t22nd day of January. AO. 1927, and all wltt ,eve 018 nKnt out-ipartlea Indebted to the estate are re- standing at 44O30 a hare and, effect a ,. quired to pay the amount of their In- j u,.tRZ savins; oi ot tl71.00Q now) a a vear year, The iie com-debtedness eom- to me forthwith. NORMAN A. WATT. ' PnT' net current asset no amount i Official Administrator. : to I2J2I.431. an Increase for the past BIG SALE Now Koing on at full Mast Special Bargains featured every day Thor Johnson 720 Second Avenue IMrUOVL!) FKOSFCfTH Ahead of Oranby stock at end " I nine month of 97.787. ot ' In the MatUr of the Estate of William ', 192S were 11433.400 of first mortgap" iwcuni, iutniaic. TAKE NOTICE that by order of His Honor. H. E. A. Robertson, the 18th day 0' on which the conversion prlvUeg? bad expired, and there were also out V.'lth the Anvox production at 40.-000.000 lb. a year and Allenby production at 20.000.000. Oranby will have a total output of 60.000.000 lb. copper per ! annum. If the price I stabilized as ex-pec ted by the Copper Export Associa tion at lie per lb oranby can earn a profit of 5c per lb., or 50 per cent over the cost of production. The company' earning have been 15.04 a share for the first nine month of the year before allowing for depletion and depreciation. With these Item provided for. earnings stilt amount to 8300 a share net. and the directors expect to close the year vtltli a net bf 14.00 per, share. With production at M .000 ,000 lb. copper pet annum earnings will be equal to 130 lb. copper per share which, at a profit or Sc per lb- will be equivalent to an earning power of t0 per share. In other word each cent per lb. profit represent an earning power of 11-36 per share. Some hope of a still further Increase tn production is expected by hare-holders from enlargement of the Allenby mill, It Is true the original plan ot that mill provided for doubling the company hat no present Intention of ! taking that course. What Is likely to happen Is that earnings will be Increased, by still greater economic at Anyox. "where the mill Is being In-cerased to a rapacity of 3000 ton of ore a day. and the concentrate will be sintered and smelted at the Anyox plant instead ot being shipped to Ta- coma Smelter as now. niXIIHAKs AOAIN The intention of the directors appear to be to put Oranby stock on a $3j a share dividend baU after the end of, the year. The par of the shares Is j $100. and an effort Is being made Uj ' raise the stock exchange quotation to '$50 to encourage conversion. It is dear that Oranby I now tn the best' t position it ha experienced since the' jwar. and that on the policy adopted; jhj the management the oompny is ! about to again become a steady uii! dead payer. Of course It ha a much heavier caplUllration to rover by de- j prestation and depletion reserves; and these must either be provided for by , the securing ot new mine to replace , those now in course ot exhaustion; or to provide an amortization fund for the. protection ot the capital provided by the shareholders. As one of the lar-tMt. and formerly most successful, of the mining companse operating In British Columbia. It I gratifying to see Oranby once more en It tett ana la a position to resume dividend at an early date Advents tn the Daily New. TIM HER JJAI.K X6C07 Sealed Tenders will be received by the D .strict Forester nst later than noon on i the 10th day ot January. 1927. tar the i purchase of Ueeace XMJ7. Burke Oban- " Bel. Restoration Bay. CJt. 3. to cut ; 1.000,000 feet board mmuure of Sprtsce, t Cedar and Hemlock aawtogt. I Two (2 years will be allowed tor re-! movai oi umoer. Further particulars ot the Chief Por-eater. Vlet .ria. or the District Forester. Prince Rupert D C. TIMHER SALE X8371 Sealed Tender wtll b received by tb Dtotnct Porta t?r not later than noon ot. the 31H day of December. I9K, for the purchase ot Uceo XB3T1. Yakattn Buy. Maaactt Inlet. Q CJ . to cut 4SO009 feet board measure of Spruce. Cedar and HrcOock aawVos One Hi year tll be alhswed tor rt-MovaJ of Umoer. Farther partteuUn ot toe Obief For eater. Victoria, or the District Forer. Prince Rupert. B.C. TIMHER SALE X3793. ! Sealed Tenders wtll be receded by tbe District Parester n.t later thau u--.i. on the rd day of January. 1927. for it purehaae of licence XAT93. covering tw areas tn Ooat Haroor. CR. 4. to ru; Tf2 000 feet board nveaattre of Sprue HroUock. Cedar and Baiaaat aaWkxga One Hi year will be allowed tor rr-nsoval of umber. eater. Viciorii. or the District Forerter rnncc wuperi. nc I'ULI TIMBER SALE X&IIO. j Sealed Tenders marked. "Tender on XSt49." will be received br the Honour able, the Minister of Lands, at Victoria ' n C . up to twelve o'clock noon on the1 4th day at Januirr. 1927 tar the nur. chate ot Pulp Licence XB443. to cut : umoer suuaira on oraham Island. Queen Charlotte Islands Djtrlct Thirty years wtH be alVowtd lor the removal of the timber. AU tenders must comwr with Bec- tlon 19 i! the "Poret Act " The hie&est or any tender not necea- arily accepted. rurtner naviculars may be had from he Chief Forester Victoria. B C PAIN in BLADDER Promptly Eas4 by SANTAL MIDY sue te tt the aivlt Leet for tae weed "MIST' 41 hr l InttrxU tflHiMHHHflHHHHHHKXSHHSRK& For Your New Year Gift Heilbroner's Gift Shop offers you two floor stocked with as fine an asaortmci Gifts as you could wish for. Visit Our Basement Store No matter how small a purchase you wish to make .. is something here to satisfy your very demand, Max Heilbroner Diamond Specialist 527-52'J Third Avenue WESTHOLME THEATRE TONKiHT ONLY, 7 and 9 p.m. FRED THO in MSON "Ridin the Wind A whirlwind WVntern FRED THOMSON, JACQUELINE CAIKSON, 'SILVER hl and utronir cast COMEDY INTERNATIONAL NEWS ilCAXADJAfJ PAcinc Admission 33c nnd I Or Canadian Pacific Railway B. C. Coast Service Sailings from Prince Rupert to Krlihikan. Mrsnirll. Jenrait, sk(aat t. W. Jan. I. :l. Tu taarvuirr. tfctcxla, .tralllr Jjnuarr 1. U 2A. PKItl luaiuici. Fnr llalntale. IU.C IWrlU lulls. Orean t ail. Vjnta. Alert IU, famptwll Khrf. ai4 Vamaairf eirti Kalarda;. II aja. ,tntj lor all Mratmhlp IJnr. l ull latwmati lr. r C. OHCIItUli tirnmt Stmt (of urt mt Uk Mrrel and 3rd .tteaite. rtlnte Kujft. lit Greetings to our many friends WISHING ALL THE COMPLIMENTS OF THE SE ASON From the H. S. Wallace Co., Ltd. I'hone 9 AND STAFF 3rd Avenue and Fulton CLOSING Out SALE CASH ONLY CASH ONLY ME.VS FURNISH INtIS, ROOTS AND SHOES, RUIHIER FOOTWEAR, ROYS CLOTHINL, ETC. Everything in our Men' and Ilny' Departments to he clenml out at wholcnale cost or Ic-s. For Home time pant we have readied that the Meni Furnithlng husincs In thl city has been overdone. Therefore we have decided to clear out the entire tocK nnd make a real wile of It. Sale Starts Immediately and we shall make an effort to clear all troods out by the end of January. Terms are cah, no exchanges, and cverytbinir to bo Hold ut nur wholesale coat or Positively no nrofit on n anv any article. Wc shall sulmit otir code cost mark tq n reliable out wider In cai anyone should doubt the price a being wholesale cost Dry Goods Department January Clearance Sale starts this week. Wo will have baorains a-plonty for cash onb Watch our windows. Our January Clearance Sale will be the biKircst event ever. The Universal Trading Co. D