iii. FAOB TOm. T:'. 30 1931 TEI.I.S ABOUT cALrtAnr OIL ; v.w, Crr,,ya ToSTwict Vtumcasuri w m Hi Prlmo Carnero and Vittorio Cam-polo are desirous of meeting JacK Dempsey, fomiTr world's heavyweight boxing champion, but Jack Sharkey of Boston, is also very; anxious to tangle with the Man-! a,a Mauler. Shvkey said yester- . day that he would be willing to meet Dempsey any time and anywhere. In spite of all this, it ap ealth insurance THE MALT in beer contaius vitamins A, B and C. It is a . natural food - beverage, rich in muscle-building properties which aro easily assimilated and aid the digestion. Pure beer is recommended as a tonic for tired nerves, such as mav be caused bv business worries or hard physical exertion Ask for These BritUh Columbia Malt Products hvm Worlds LeadingMills Individually Styled . . . and Tailored to Your Measure K Tip Top Ullorod-to-maoruro Omrnt rnwti inri try roojulramaitt roojulramaitt oi of tho tho tnmn tnmn rko rbo went, went, to to nUM atria, ojualitf and, WMrlnf utlafactloa) raal cloth,, MMMia. Bocauao mm coat with h I, Individually cut and tailored to your maaauro, you may cfcooaa any aiotb, any oolor and any atria that your fancy dlclalaa. abaolutaly cartaln that you will bo tttad poWaatlr of your mmnmf rafundad. Ordara Ukaq now Hold for Win tar d.llrary If daairad' -only a amall dapoalt maka, cartaln of your f awlta fabrl and color. All octa prtoa 127 1 I This advertisr-mont is not publisher ,r lisnlnyd hr thr Tjoitor Control Board or by the Guvr-rnnn-nt of Uritish Culumb a- DEMPSEY IS IN DEMAND Now Jack Sharkey Wants to Meet Former WorldY IIeavyweiht Casing Champion NEW YORK, Oet. 30. Not only! pears as though Dempsey would merely continue his barnstorming engagements for the time being at least. He is manifesting no great anxiety to step up. tp the better of the heavyweights just now. Falling a match, wlh Dempsey, l4tjcey may : be-faiahed against Tommy Loughran for a bout on December Uth at Madison Square Garden. Born in a village In the South Slavic Mountains, Miss Milan Jank is champion woman mountain climber of Europe. Throughout all her many mountain-climbing experiences she has never one? availed herself of the services o a guide. j' i if f! AUEpATINGS djft lip Top Cloihes 208 Fourth St. Sold exclusively by F. McLean Prince Kupert, It. & 'Continued, from pace one) full waste, paper baskets, to be dealt . -v a the hjnjc hours of the. night which at this particular time seemed to pass far too quickly to get all the. required work done. It was no won-than the stock exchange had to suspend operations from time to I time for a day or two to allow the brokers tp catch up with' their or- J ders. ! "Newspapers and circulars blazed ! forth in great headlines about the : lajEKSt oil field in the British Em pire. iSgn who were among the lead ing oil men were convinced that 'Turner Valley was a proven oil field 'Only in July, 1929 I find this cllp- ,pin? in a newspaper: 'Turner Valley has definitely passed the wildcat stage of development and is now one of the recognized oil fields of the jworia, according to i?. u. suaman ; president of the Imperial Oil Co., which, through its subsidiary and i associated companies Is dominant in the valley at present." The Depression .MThe.n eame the first days of what we now call the depression. Broker age firms had been selling short and to them the tragedy was that they were found out. The price of stocks dropped, rapidly, too rapidly it seemed when compared to the actual value and worth of the company. It was the first indication of a fall. "Then as if this were not enough reports began to circulate to the effect that perhaps after all the geo- i loglsts. and the oil men were incor rect after all that perhaps Turner Valley in spite of its marvellous showings and records, was not an oil field at all, but only a gas field. Finally the provincial government sent in a group of scientific experts who studied the situation from every angle, and not very many months ago their unanimous report was made known, and it was to the effect that the Turner Vailev field is only a gas field, that the field Is being rapidly depleted, and that, there la not enough naRtha in the gas to pay for the capital invested. Thus it would seem that actually the, 'fall' on the Turner Valley oil field is complete. Merger Formed "Immediately this report became known those companies at work in the valley saw the necessity of some type of oil merger, to prolong the. life of the field as far as possible Tne result was that on September a in the Vancouver Province we read: 'A merger of 27 independent oil companies with 14 other compan ies directly or indirectly controlled by the Imperial Oil Company, which was proopsed by the provincial government has been endorsed by a majority of the firms for the purpose oi conserving the gas In Turner Valley. Premier Brownlee announced the step today.' "I should perhaps have stated that before the provincial government began its conservation efforts 500 million cubic feet of gas was wasted in Turner Valley each day. The problem has always been what to do with the gas after the naphtha has been extracted. Calgary and other nearby towns can only use a proportion of the gas flow, and this proportion grew less and less as new wells were brought In. In 1929 and 1930 the value of gas wasted at Turner Valley was more than $47,228 per day. There was only one thine ' rv Ka flnna Mtltk t Vt a in a nv4 el n la. MWUW V a kftt VII v 5aa, auu tlMt (9 to pipe It as far from the well as possible and set fire to It. Thus the visitor to Turner Valley at any time of day or night Is greeted with dozens upon dozens of these bright flares or flames burning this waste gas because it la not known what to do with it. One may easily imagine bit far the greatest value POCKET PACK GF FIVE CELLOPHANE WRAPPED ARAB E LA cigars he brightness of the valley at night vhen In Calgary, 54 miles away the Election of these flares is clearly een, suggesting to the stranger a ig fire on the outskirts of the city. The heat from these flames is ter rific and one can only be heard by shouting at the top of one's voice. In the winter time with the weather perhaps 30 or 40 or 50 below zero, it Is not unusual to see cows grazing on green grass near the flames, and the unemployed man sleeping com fortably on the bank not too neaV the flames because of the heat, but near enough not to realise that a few yards away it is very much below zero. Minimum Waste "This merger to which I have referred will reduce this wastage to a ninimum. It is expected that under this new agreement production will be taken from the wells with the wettest gas, that is, the ones containing the most naphtha, wastage wijl be. reduced to ten million cubic feet of gas a day and the returns will be pro rated among all producers in proportion to the capacity of their wellt "It is generally agreed now that if the field continues to produce gaj at the rate it lias been the life of the field cannot be very far off, by this merger ox agreement the field may have Its life prolonged for at least 20 years. "And, so to conclude, I may use words of friend to whom I wrote for information: 'With confidence It may be said that the Turner Valley tragedy and boom Is over.' "Perhaps, however, even experts may be mistaken, and what now looks like a mighty fall, may in reality be only a slight slip. At least that is what most stockholders are JUNIOR FOOTBALL j Following are the line-ups for the Junior Football League game tomorrow' afternoon: , Booth StfhobrBlake, Eby. Ferguson, pqMarco, Come, i captain i, Ritchie, Nelson. MacDonald. Colassi, McMeekln, Fulton, Hale, McQreish. 1 High School -Allen. Morgan. Klr-kendall. Nakamoto. Fisher. Wilson, Crornp, Ivarson i captain', Faw, Dungate. ChriMlson, Wllllscroft. Insist on -GRANTS BEST PROCURABLE" The Original For SU at VopJoror direct, from "Mall Order Dept." Liquor Control Board, Victoria, B.C. BEST PROCURABLE' PVRE SCOTCH milSKY RICHEST IN FINEST HIGHLAND MALT Bottlad Md futrantiwd by William rirant Son, Umltrd UlrnAdJIrh tnd HalralrOlrBllYtl DjtUIIrriaa, bull-! A Glanfow, Scotland. a fa This advetusemeut is not published or disnhved by the Liciuor LOYALTY TO HOME TOWN IS URGED Local Merchant Declares Values Just As Good or Better in Prince Kupert as Elsewhere "Things are just as quiet In the routh as they are In Prince Rupert and the big firms there are losing more money there than the merchant are here but one thing I noticed particularly was that the prices there were? just as high or higher than in Prince Rupert." stated Abe Lipsin proprietor if the Arme Im S porters, to a Daily News representative today. Mr. Lipsln returned a day or two ago from Vancouver and, while there, went Into the business situation thoroughly. He was very emphatic to the effect that the people of Prince Rupert can buy just as cheaply in their home town as in Vancouver or in the mall order houses of the east. ; "Mind you." said Mr. Lipsln. "I am not talking about my own buslneu here. I am talkln gabout all lines of bttsinese and all the stores in the. city. All of them are selling at a very close margin and prices here compare very favorably with those In the south. I know for a fact that In many cases they are lower than in Vancouver." Mr Lipsln went on to tell of var ious people who had conn to un. $t other of his stores herr a(r mi-lng away to a mall ordi r h .hm and getting stuff that they could not wear. "I think the peopit- hen should know, although of uant some of them won't b in m- it tt;j; Prince Rupert merchants i n :n them at least as good if not fe w values than can be purvtu-rd where. If the money si i , ;( town was expended hen tin: y i;:? people of the city would u . n!pi d here instead of having to .u .i to secure employment u I'niu e Hu-pert people were only luy,U to ukii home town, IV would oi i :u p.'ujs today." James Sturgeon city on the Princ-ss V from a busineno trip i ' Phillipson's Bankrupt Sale YOUNG MEN'S SUITS SIZES 34 to 38 All One Price, $7,50 FINE PURE WOOL FANCY BLANKETS Satin Bound, 72 x 90, Regular $11.75 Special $5.50 Ladies' RUBBER BOOTS In Black, Brown, Grey and Sand. Plain or Cuff Tops, sizes 2l2 to 7. SPECIAL $2M Announcement To. 1,10 n.lany w,i0 wlsl tu takc advantage of our many muuuLcm, I)ar,rains, we will he pleased to hold any article in our TOHOMn"" stock on a 10 per cent deposit until November sixth. EVERYTHING MUST BE SOLD IMMEDIATELY. M L Greene, Liquidator for A. J. Phillipson's Ddjt I