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 President Murdoch's...
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