The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

; 'ons milled Frank Goddard shows just one of the many ribbons won by his champion hackneys in Canadian and American shows. The champions will be showing at the New Liskeard race track on Saturday as bene of the Summer Festival program. Agnico Mines Officers Propose Acquisition of Christopher Silver Agnico Mines proposes to ac- quire all the assets of Christopher |. Silver Mines, A. Robertson, Agnico 'president, advises in a, letter to shareholders. Shareholders' approval of the deal will be sought at a special meeting to be held jointly with the annual meeting shortly. No date} has been set yet for the meetings. | At the present time, Agnico holds 860,616 shares or about 78% of the issued capitalization of Christopher, the annual report shows. This was acquired at a cost of $61,426. Agnico Mines, Cobalt area, Northern Ontario, silver producer, realized a net profit of $231,671, equivalent to about lic a share in 1959. : This is sharply higher than the $65,537 and 4c a share earned in the previous year. Working capital in the year just ended also showed a healthy in- crease from $114,719 at the end of 1958 to $408,088 at the end of 1959. In the first five months of this year, silver production continued at a high rate. Output totalled 769,- 644 ozs. of silver from 39,548 tons, or an average of 19.4 ozs. per ton. In the like period of 1959, produc- tion was 835,408 ozs. : The 1959 production was obtained from four mines, A. Robertson, president, states in the annual re- port. However, development work is now being concentrated on the}- Nipissing-O' Brien and Christopher areas. While confining the major portion. of its exploration to the Cobalt camp, the company has maintain- ed its interests elsewhere, This in- cludes properties in Manitoba and Quebec and in the South-East Ire- land Syndicate. The syndicate is now carrying out ground investi- gation of anomalies located by aerial 'geophysical work. Operating Results Compared o Dec. 31 1959 2 1958 102,820 116,155 _ Grade, oz./ton 18.48 13.40 Sil. prod., ozs. 2,126,132 1,712,940 » Recoyery, % 90.45 peck: cost/ton $14.90 Profit and Loss Statem@nt To Dec. 31: 1959 1958 Production $1,827,901 $1,367,945 Oper. expen. 1,532,626 1,236,069 "Oper. profit $ 295,275 $ 131,876 Cobalt Bantams Down New Liskeard The. Cobalt Bantams continued their winning ways by topping the Lions Bantams 10 - 3 Sunday afiter- noon in Cobalt. The winning pitcher was Birtch who allowed three runs on just four hits. He struck out seven and walked five. The first of three Lions pitchers, Aurel Chartrand, took the defeat allowing five runs in the first inning. He was follow- ed by Rosaire Paiement in the second and Bruce Edgar in the sixth. Edgar struck out the side in the seventh. Big hitters for Cobalt were Birteh, Lacroix and J. Shawera with two hits while Saxton slam- med a home run. Freddy Waugh got two-of Lions four hits. Cobalt Families (Continued From Page One) ted so that it could sell ground on Long Street to an oil company. The company had already sold ground to the Separate School Board and to the Roman Catholic Church for a nun's residence. Then a caution was put on the ground by the master of titles, preventing any further sales until a survey is made. It has been generally believed in Cobalt, and reported in the press that the caution was applied at the request of the Town Council. The Council has discussed taking steps to have the caution lifted, but Mayor Fulton Purdy now states that the town never did ask for the caution, and if Mastermet wants it lifted, it will have to deal with the master of titles. In any event, Hugh Sutherland, president of Mastermet, has made it clear that the company will not deal with the occupants unless the eaution is lifted. Now it is learned in Cobalt that the Council is negotiating with Mr. Sutherland to buy from him the streets that run through the Mas- termet ground. To date, however, Depreciation 63,604 66,338 Net profit 231,671 65,538 Net per share 'Ile Ac " 'Financial Picture all these negotiations have taken place at secret meetings. The most recent evictions fol- low letters sent out by the com- 'To Dec. 31: 1959: 1958 : ss Gack @ ade. pany last spring to all the occu- te pace d 15.088 4 742 pants. The letters warned that the Géttlenients age 458,523 306,849 land would have to be evacuated if Gciconhuitic 16,522 93,085 | the tenants did not reach a settle- Deposit 18,278 -:19,572| ent by May 1. ae sie 59 497 46.764 At that time the company wanted Supplies, cost 37.676 38.367 $150 for most of the lots, and $300 mikan wooo: 65.912 30.986 for ten of the lots. Now the price x : has jumped to $300 and $500 follow- Current assets $731,839 $475,365 ae a Tedssessment of the property. B 60,000 90,000 yy the town. ae er draft $ ea 6015 -Mr. Sutherland canfaned that Media oriay 50. n6 119.956 eviction notices have been sent to ead nbs 9.700 17.345 Mr. and Mrs.- Nixon. He said that Divide' pay i 127 350 a Ns couple have consistently opposed Other payables 73,535 127,330 | @2Y settlement, and therefore he Tax provision. SOOO ee cannot see why they should ob- ae ject to moving. shee Mrs. Nixon maintains that she Current liabil. $323,801 $360,646 : Working 'capital $408,038 114.719) YOUld like to buy the ground,' put "At Dec. 31, 1959, other assets in- cluded 736,635 shares of Christo- pher Silver Mines at cost of $46,- 408. Since then an additional 123,981 $13,018 bringing total to 78% of that is- Christopher - shares for sued. New Liskeard Grant's 11} Cobalt Silver Hawks 9 The New Liskeard Grants took 'an early lead scoring five runs in the first inning to defeat the Cobalt |' Hawks 11 to 9 in a big four point game. R. Massicotte was the win- ning pitcher, allowing 12 hits, while W. Watson was the loser al- though he was relieved in the fifth by B. Watson. Grants added four runs in the third inhing to HAG a large 9 to 0 lead. Cobalt got into the scoring in the fourth, with three runs. Grant's outscored Cobalt in the fifth, scor- ing two runs holding Cobalt to one. The Hawks added three more in the sixth with both teams adding a single marker in the eighth to end the scoring. Cobalt had a man on first and second in the ninth, but couldn't master enough hits to bring them home. D. Brazier homered for Grant's in the eighth, clouting one of the longest hit balls of the season in the Beach Park to right field that landed in among the cars. has never been able to get down to brass tacks with the compahy. Thursday, July 28, 1960 North Cobalt Neil MacKinnon of- Hamilton visited on: Saturday at the home of Mrs. Dan MacNeil. Bert Normandy of Oakville visit- ed on Wednesday at the home of], Mr. and Mrs.. Burt MacPherson: Mr. Normandy was Reeve of the Township of Bucke for CBS years. Phil Libby of Baieey called at the home of Mrs. Dan MacNeil. Harvey Robinson of Ansonville visited on Sunday at the home of his grandmother, Mrs. Dan Mc- Neil. > : Ken Johnson of -Matabitchowan visited on Saturday at the homme of Mrs. Dan MacNeil. Isaac Wilson of Massy called on Saturday at the home of Mr. and Mrs. Burt MacPherson, Mir. Wil- son was.a former resident.of North Cobalt 42 years ago. us -Gary Lafoy returned' Sunday: af- ter. spending a holiday at an Frenda, South River. The Haileyburian > Page B Qualifiers Named For Taylor Cup The second qualifying round for the Taylor Cup was played at the Haileybury Golf Club on July 23 and 24, with the following players qualifying: Betty and Dan Me- Laughlan with a net score of 66; Barbara. Camsell and Andy' Sto- thart, 67; Edith and Charlie Cam- sell, 73. Good weather brought out a doz- en couples to enter the event. ~ This week-end, the Chub Cham- pionship in the Men's Section wii be drawn up and play will com- mence. Mr. and Mrs. Wilfred Atkins of Toronto are spending a holiday at the home of Mrs. Atkins' brother, Russel Hunton and Mrs. Hunton. Peter Duhaime is a patient in Misericordia Hospital, Baileyury. For Utmost: Satisfaction and Prompt Payment by Money Order, Ship Your BLUEBERRIES S. Marlow TO THE OLD ESTABLISHED FIRM & Co. Ltd. 310 Ontario Food Terminal, Toronto 18, Omtario Advice cards mailed as soon as Blueberries are 'sold. Special attention to storekeepers and buyers, -Write Us for Imformetion or Service Free Shipping Stemps or Tags on Request 20,21), 22 obligation. LEWIS J. TEL. OS 2-3568 MEMORIALS of deep concern. Let us assist you with our free illustrated booktet. Fail on all purchases till the end of August. @ We would be pleased to make an appointment with you. Our advice and assistance is free and places you under no @ Display of finish granite memorials may be seen at our show place in Haileybury. OPEN ALL DAY SATURDAY HAILEYBURY, ONT. 374 MARCELLA Northern Ont. Rep. for J. D. Ambroise Monuments Ltd. Selecting a memorial ts often We guarantee erection by this B. SIMARD BOX 194 tf PROCLAMATION TOWN OF HAILEYBURY By authority of the Council of the Town of Haileybury, I hereby proclaim onday August 1, 1960 A ~ CIVIC HOLIDAY the Town of Haileybury and respectfully request all citizens to duly observe same. ARTHUR H. COOKE Mayor ~~