Word: noranda
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Gold prospectors are men of faith and hope, dauntless. Typical of their kind is Edmund H. Home who discovered the rocks upon which Noranda was built...
James Y. Murdoch, 40, King's Counsel, a man of great esteem in Toronto, last fortnight reported to the shareholders of Noranda Mines, Ltd. of which he is president. From Noranda's deep shafts which pierce rich veins of gold, and from its bigger copper deposits, from its smelters and refineries, last year Noranda earned only $3,842,000 against $4,287,000 in 1929. But this news was not discouraging to Noranda's shareholders, all of whom have had faith that the spectacular history of Noranda cannot continue dull for long. For a few days after...
...propitious time comes Noranda's new gold discovery. Low commodity prices, cheaper Labor, have in effect in creased the price of gold, always salable to Government mints at $20.67183462 per fine ounce. Thus gold mines which a few years ago were just able to break even are now operating at a profit, ones which were just profitable are now turning in tremendous profits. The effect of this has been that Gold Fever, always smoldering in the mind of man, has flamed fiercer than ever. One evidence of this is seen on the stock exchanges. Alaska Juneau (the big Treadwell...
...some gold. Nine years later he staked the claims, financed by a syndicate of farmers. Experts refused to buy him out but in 1922 two New York men, Humphrey W. Chadbourne (brother of Sugarman Thomas Lincoln Chadbourne) and Samuel C. Thomson, mining engineers, prospecting in the district, formed the Noranda syndicate to take over what Ed Home had found...
...Thursday, June 20, was spent in an investigation of the geology of Mount Royal and vicinity under the efficient guidance of John Dresser, geologist for the Canadian Pacific Railway. From Montreal the party traveled by a special car attached to the Transcontinental Limited of the Canadian National Railway to Noranda, Quebec. Here the evening of June 21 was spent underground in the mine of the Horne Copper Corporation. Howard M. Butter field, '26, and Roger Peale, '21, initiated the embryo geologists into the pleasures and dangers of life far underground in a comparatively deep mine. Saturday morning was occupied...