The Archive · 1940

Record Canadian

US. Reciprocal Trade — Mineral Output — Programme Extended House Rejects Proposal

.$470,179,900 Total in Requiring Congress Control 1939 is up 6% from 1938 Washington, Feb. 24.

Gold at New High Level The House of Representatives today sent forward to the Senate a bill ex-Toronto, By Mail. tending the Administration's recipro-Canadian mineral production reach-cal trade programme for three years. ed a high record in 1939 with an Earlier, the House rejected a pro-estimated value of $470,179,000, an in-pesa] that the approval of Congress crease of 6 per cent. over $441,823,237 should be required for all future re-for 1938 and an increase of 3 per cent. ciprocal trade pacts entered into by over the previous record of $457,359,- the United States. The proposal was defeated by 161 votes to 144.

092 for 1937, states the "New York Times.

The House also rejected a proposal Production of gold, copper, zinc, that the Senate alone should ratify crude petroleum, antimony, cadmium, trade pacts.

"When President Roosevelt aboard natural gas, gypsum, sulphur and lime all set new records, while imthe destroyer Long, was informed of provements over 1988 were noted in the passage of the Bill he sent a many other metals and minerals. wireless message to the Speaker of Tron ore was produced on a com. the House, Mr. William B. Bankhead, mercial scale for the first time saying that the passage of the Bill "will make more possible peaceful sixteen years. Prospecting ana deve-and prosperous relations between na-lopment work was undertaken ior Strategic minerals for war purposes, tions in days to come." but not produced to any great extent President Roosevelt is on holiday These included mercury, manganese, in the Pacific. He is also conducting molybdenite and tungsten. a study of the Panama Canal zone and Central American defence—Reuter.

Production Values Listed Production value of the principal minerals in 1939, with figures for 1938 in parentheses, was as follows:

Gold, at $20.67 an ounce, $104,305,000 ($97,676,834); gold, at $35 with exchange added, about $182,000,000 ($166,205,990); silver, $76,969,000 ($68,- 529,156); nickel, $51,090,000 ($53,914, 494); copper, $60,721,000 ($56,554,034); lead, $12,375,000 ($14,008,941); zinc, $12,066,000 ($11,723,698); platinum metals, $9,368,000 ($8,874,136); coal, $48,098,000 ($43,982,171); natural gas, $12,250,000 ($11,587,450); crude petro-lenin, $10,409,000 ($9,230,173); asbestos, $15,454,000 ($12,890,195); feldspar, $109,000 ($129,293); gypsum, $1,897,000. ($1,502,265); magnesiticdolomite, $462,- 000" ($420,260); quartz, $1,060,000 ($961,617); salt, $2,303,000 ($1,012,013) sodium sulphate, $626,000 ($553,307); sulphur, $1,769,000 ($1,044,817); tale and soapstone, $164,000 ($144,848); clap products' (brick, tile, sewer pipe), $4,370,000 ($4,536,084); cement, $8,068,000. ($8,241,350); lime, $4,022,000 ($3,542,652); stone sand and gravel, $18,401,000 ($17,558,580).

Production o? Wright-Hargreaves Mines is estimated at $2,171,000 for he three months ended on November 30, the first quarter of the fiscal year, The mill handled 109,000 tons of ore for an average recovery of $19.90 a ton. This compares with $1,940,000 from 108,000 tons for an average of $1798 in the same period of the previous year.

Sullivan Consolidated Mines, Quebec, established a new production record in the final quarter of 1939, turning out bullion worth $337,407, compared with $202,494 in the third quarter, Each quarter in 1939 showed a consistent rise in output. The 22} total for 1989 was $1,181,134, against 54 $793,725 in 1938.

Text read from the printed page and cleaned; old type leaves the occasional error.

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