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Wheal "Longs" / Lose Heavily On May Delivery Price Drops at Chica.e;o as Futures Deals Hnd CHICAGO -The swift collapse of an expected "squeeze" in May wheat On the boArd of trade left the "lonjTs" holdinfr tlic bajr of losses. Veteniri traders wno watthed the "BHttle of May Wheal" since its in- coption several months ago said it was the first time in the exchange's history that holders of wheat had been forced to accept delivery of cash grain whether they wanted it or not. A number of small traders were said to have been losing "longs" and there were indications that some of the "short" interest represented foreign accounts. The climax in the May wheat struggle occurred just before the fu- tures market closed. The price drop- jied C',-« cents from an early high of OCVj. Dealings in the May contract, under way since li>st Augu.st, were teriinnated under u new exchange rule which prohibits trading in any future the last three days of the month in which it is deliverable. The rout of the "longs," who bought May wheat any time since August in the hope that war fears, inflation talk or crup disaster would enable them to sell later at a profit without actually taking the grain, was indicated by the fact th>. con- tract was closed out recently with- in 1 'ri cents of the lowest level of the season and 17 cents below its higli. The close was 90%, which represent- ed the niuxiiuum 6 cents per bushel drop permitted in any one day by ex- change rules. Value of Woodland To Agriculture 1. The farmer with a woodlot ha.s a cheap and coiivenifnt supply of fuel, while the one without a woodlot has to haul wood long distances and make a cash ouiluy to purchase coal or wood and often the fnimhou&e is ad equately heated. 2. SprliiRs and wells that previous- ly had a steady supply of water go dry because the woodlot that waft a reservoir ha.s been r( moved. 3. The farmer lias moie difficulty to grow crops and wheat and clover kill out because the fields lack the protection that is given by the wood- I land. I •t. deforestation on hll'sidea and valleys is often followed by erosic n and sandy soil Is liable to develop in vail OS less sand dunes. 5. Woodland helps to control floods as it rdiirds the surface runoff In all 0. Scattered woodiand increase con- siderably the beauty of a countryside. 7. The various factors mentioned have a marked lnflu<nce on the mone- tary value of farms. Best Time For Study students who figure it's about time to get down to serious study for the final examinations should be told that the hours between sunrise and break- fast give the bfst results. â€" Kitchen- er Record. VOICE CANADA THE EMPIRE THE WORLD AT LARGE of the PRESS Canada Sound Advice A young man was In court at Mark- liani and the trouble was he had been driving a car with one hand. Beside him was a young lady and his free arm was twined about ber. The chief VEIN REACHED AT FIRST LEVEL OF SPLIT LAKE GOLD Fifteen Foot Width Yields High Results A message received (ruin the Split Lake Gold Mines prop- erty states that the crosscut at the lirst level of the mine shows 15 feet in width of highly mineralized vein containing over one ounce of gold per ton with some other metal which as- sayer believes to be platinum. .Samples and check samples from along entire side of dump where ore is being dumped from full width of vein yields this result. Stringers of quartz could be seen in the shaft and in the sta- tion. The crosscut continued through (his condition for 10 feel at which point it broke into the vein. Since the above information on the 15 foot vein width further word has been received that the crosscut is being continued and at 40 feet from the shaft was still in good looking vein matter. This means 6 feet additional to the 15 foot width referred to. The vein matter throughout the 21 foot width consists of mineral- ized quartz and heavily mineralized alterations. This vein has been proven to extend over a length of over 500 feet through diamond drilling with widths ranging up to more than 20 feet. Both diamond drilling and the pres- ent underground work have shown the vein to have widened greatly as compared to surface. The presence of platinum was not suspected and assay supplies at the property are not ample for a proper analy- sis of the combination of gold and what is believed to be platinum. Meantime samples are being sent to Ottawa for checking. Although no free gold was seen in this vein on surface or through the diamond drilling, heavy coarse gold was en- countered in the crosscut. The visible gold is mixed with the sulphides. Further information will be available from Miis level accordingly as the work proceeds. A trieeram received from H. L. Donaldson, May I6th *tatet: "Crottcut 19 feet touth at Tint level just broke into north tide vein Number 5. Very heavily mineralized and plastered with free gold. Gold coarse in sulphides. Will have another round out Sun* day and will wire you details regarding width of orebody also astayt." Another telegram from Mr. Donaldson, dated May I9th, states in part: 'Hav* cut another 2 '2 feet of highly mineralized quartz with balance of 7 feci banded structure quartz apd alteration. Still in this condition. Going ahead with crosscut. This looks awfully good. Fur- ther study assaying trouble suggests larga quantities lellurides. Getting necessary sup- plies to flux telluride ore and make tests." Another telegram from H. L. Donaldson dated May 18th states: "From 19 to 34 feet in south crosscut large percentage mineral- ized quartz in veinlets running every di- rection making sampling slow. Will have to sample horizontally and vertically. Assays result in combination of sold and what we feel sure is platinum plated in parting cup, after annealing, probably well over an ounce per ton. Impossible for us to part the two metals with assay supplies here. Sending sample to Ottawa for analysis to deternine proportion gold and platinum. .Also sending parting cup showing our results after an- nealing assay. Foregoing is from san:pla ~ shovelled along full length of dump. Check assays give similar results." CAPITALIZATION AND FINANCE Capitalization ( No far Viiliie) 4,000,000 shares Incorporators' shares issued 5 shares Fnr acquisition of properties 1,340,000 shares Originally issued to the parent company Smelter Gold Mines Limited 2,6')9- 995 shares (including 40,000 shares contained in above item "for acquisi- tion of properties") leaving a balance of 2,659,095 shares. Sold from these for purposes of vSpIif Lake Gold Mines Limted .535,138 shares The proceeds from the sale of these 5VS,i38 shares have been received by Split Lake Gold Mines Limited. Unsold b.alance 2,124,857 shares Such portion of the said unsold balance of 2, ij.t,S57 shares as deemed necessary and advis- able by the directors of the parent company are available for future financing of Split Lake (iold Mines Limited. Over JlOO.OOO has aliLady been provided for the present entetprise. PRESENT OFFERING Of the nbove 2,124,857 dhares 200,000 shares are being sold at 40c per share. A portion of these said 200,000 shares have already been sold. Applications are being filled in the order received but the risk is reserved to reject applications in whole or in part and also to award in any case a smaller number of shares than applied for. No commission* are paid or payable to officers or directors of the company on any sales of stock. NOTICE OF CLOSING THIS OFFERING AT 40 CENTS PER SHARE WILL POSITIVELY BE CLOSED TO THE PUBLIC ON OR BEFORE THE 6th DAY OF JUNE, 1936. MEANTIME THE RIGHT IS RESERVED TO DIS- CONTINUE THIS OFFERING AT ANY TIME, W^ITHOUT NOTICE. SPLIT LAKE GOLD MINES LIMITED Capitalization â€" 4,000,000 Shares (No Par Value) OFFICERS AND DIRECTORS HUGH C. McRAE, President (JLEN A. RLA, Secreiary-Treasuier \V. S. KICKLEY, Director Toronto, Ont. Toionto, Ont. * Winnipeg, Man. HARRY L. DONALDSON. Managing Engineer DANIEL I. JARVIS, Director Toronto, C)iit. TelerHonc: ELgin 6696 Thornloe, Ont. HEAD OFFICE: 1104 BANK OF HAMILTON BLDG., TORONTO, CANADA To .SPLIT LAKE GOLD MINKS LIMITKL), 1101 Hank of Hamilton BIiIr., Toronto, Canada Kliidly forward prospectus, inaiiaging; ciiKineer'i report, map and full information on Split Lake Gold Minci Limited. Name „ „ _ __.... Address _ „ >, o o n cX"^ 0) o * Co. -M ^ .5 4) u oixi ^ j: E 4J j; «j o,-^ 2 S-.„ > o 'c o S 2 " 3 41 41 (0 ".So- •^ c 14 C O c B * •rt To SPLIT LAKK COLD MINKS I.IMITKD, Ilend Office: 1101 Hank of Hamilton Bldg., Toronto. Gentlemen : 1 hereby make npiilication for shares of the Cnpital Stock of SPLIT LAKK (JOl.D MINKS LIMITKO, (1,000,000 shares) at 40 cents per share. Knclose please lind the sum of Dollars Dated this day of , m „ Kindly itiu* and mall ihet* (haret tot .Name Address Witnes.i All Moneys lo be paid to the Company. constable of the place saw him nnd thpn there was the deuce to pay. H« ha'i to be brought to court, made to part with $10 and every person would know about it. Hut the magistrate, W. B. Mcllveen did not Slop there. He told the young man something. This way: 'The next time you better pull up at the side <rf the road and ii.3e both ai-ms In tta« old-fashioned way." And right there we are moved to • feeling of admiration for thj ma?i*-' trate of Markham. He has a know-j ledge of human nature; he seems to know what Spring does to young mea and maidens. He has one eye on Uta' law to see that it is not broken be- yond repair, but he also has a bit of consideration for young people who are bent on a bit of courting. â€" Peter- boro ExaminiT. Still Hope For Peace To look for the restoration of Etht-, opian independence now or for peaco terms dictated by the League mMf' appear fantastic and would perhaps' involve the end of Mussolini's reglmo.| Yet the e.xpectation of lasting peaco in Europe appears to rest largely o«^ that perhaps extravagant hope. If the war proves to be an economic disas- ter for the winner â€" and it will so pi-DVo if Mussolini cannot get help IB paying for it â€" the peace advocates in Europe will have new and stronger srouml for their attack on the fever- ish war preparations now proceeding and on the nationalistic tariffs which have nearly destroyed European trade, - Winnipes Fre- I'r'ss. English Will Last It has b«en one of the di?liactiTe characteristics of the English lang- uage that it has accepted contribut- tions of value regardless of the orig- in. American contributions are not more numerous nor basically different from those already taken from Greek, Latin, French, German, Scandinavian, Arabic and the Oriental languages. The Tnited States may enrich and modify the language, but it will pro- bably remain the English language, wherever or by whomsoever it mar be .spokrii. â€" Lniidon .Advprti^^or. Farming As A Job Contrary to the opinion of somo people, farming isn't an occupation at which any Tom, Dick and Harry caa conio out on top. In these days when so much stress is placed on the qual- ity of farm products, and the prices are sucli that the farmer's margin of profit is quite small, the successful agriculturist mu.'st apply not only ths brawn but the brain as well to his work. Jli^s Macpliail put it very well when 6he said that â€" "People think that any fool can farm. They think all m farmer has to do la to scratch the earth and sow some seed. Actually, a successful farmer must be a good ad- ministrator, a good executive. Me has to know everything; he must be a hor- ticulturist, a cerealist. a stock breed- er. Kunning a farm is no jo'i lor an amateur". Miss Macphail uiigtit also liave add- e<l that the farmer must be an optln»- ist and a bit of a gambler. He is ne- ver sure how his crop Is going to turn out. Ihifavorable growing weather can nullify his efforts to a great de- gree in short order, and then he has has to make the best of it by carefully planning a way out of the difticulty, if po.<sib!e. - The Kitchener Record. The Comic Strips In the main, the Leader-Post in- clines to the view that most comic strlp.s are entertaining without doing violence to anyone or anything In particular. The grammar is often a little loose â€" deliberately so â€" tor often the persons are not grammati- cal persons. They might not be very entertaining if they were. Sometimes we think the spelling might be Improved; it sometimes does look worse than necessary. And the worst of it is that a news- paper can get enough bad spelling without having to Iniy It from a syn- dicate. Better Teeth Ontario Dental .Association is told that during 25 years there has been among children in Toronto sehools a reduction of from 97 to 67 percent in defective teeth. This is eneourag- Ing and It imlleatos what may lie done by persistent campaigning for great- er attention to ihe teeth of growing boys and girls, it may be noted that youns? people nowadays have far bet- ter teeth than those of a generation ago. This is real progress. â€" » Toronto Globe. " ' Note From The West f Mosiiultoes are on the warpath, and. spoiling the walks abroad, our golf! and cthor oiiidoor pursuits. â€" Wlnnl-i P"g Tilbuno. - \ i