The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-05-11
DEAL FOR MILLS
TAKES s95O,OOO
ONE OF THE LARGEST OF KIND
EVER MADE IN CANADA.
Lake of the Woods Milling Company
Takes Over ALI the Property Of the
Keewatin Flourmills Company and
Will Build Many New Elevators.
Special to The Journal.


Keewatin, Ont, May 1.-THE Lake
of the Woods Milling company has
taken over the property of the Kee-
watin F1ourmills company, which COM
prises a new mill and elevator under
construction. The price paid for the
shares, cash and plant, was $950,000.
The subscribed stock of the Keewatin
Elourmills company was $159,00O. Civ
ing a margin of 100000, from which
there will be slight deductions for ex-
penses in legalizing the deal by act Of
the dominion parliament.
The contract for building the mill
and elevator and for the elevator ma
chinery was given to the Macdonald
Engineering company of Chicago, land
on July II, 1905, start was made on
the work. r
The plant when completed will COM
prise mill of 5000 barrels a day ca
machinery. Both the mill and the ele-
vator are of reinforced concrete. Yhe
mill will be fitted for the time being
with only enough machinery to grind
$500 barrels of flour day, but as the
company's elevator capacity in the west
increases. the output of the mill will
be brought up to the 5,000-barrel
mark.
Thirty new elevators will be built
by the Lake of the Woods Milling COM
pany in the west the present season,
which will be an increase of nearly 80
per cent. S
Turbines Furnish Power.
Power for the mill will be generated
by means of two 750-horsepower water
| turbines and one Of 400-horseDoweT TO
| run the dYnamos which will light the
| building and supply power TO the ele-
vator. These turbines will be in the
mill building, which is directly over
| the racewaY.
The elevator is being built on the
| cylindrical tank plan, SD constructed
that its capacity can be increased at
any time When first put into use it
will hold 100000 bushels of wheat.
| The president of the Lake Of the
Woods Milling company is Robert
Meighen of Montreal. and the directors
comprise some of the leading capital
lists of the Dominion. The general
manager is G. v Hastings, with bust
/ ness Offices in Winnipeg.
Waterpower Situation Unique
: The. situation of the waterpower Of
! the Lake of the Woods is in many wavs
unique. The Winnipeg river leaves the
lake in two branches. On the east
branch, few hundred yards from the
lake, there is a natural fall of about
/ twenty feet. Here is situated the power
house that supplies the town of Kenora
with electric light and power. On TIE
west branch about mile from the
lake, the same difference of level is
created by large dam, which has not
i as yet been utilized, except to regulate
.Ewater levels.
- The river below the falls has q long
/ bay which stretches westward for sew
Il eFal miles, and parallel with this there
4 is another bay Known assPortage- This
i 3cne is off The lake, and there is a mar.
row strip of land between. Two race,
ways are at present cut thru this, the
one supplying power to the Lake OF
the Woods Milling eompany's old mill
and the other the new mill Just pur
chased. At the end Of Portage bay
there is another raceway which supplied
power for the Keewatin Lumber com
pany's sawmill, destroyed by fire last
fall. &
1t is not probable that this will be
! rebuilt, as the Wash burn-Crosby com
panv of Minneapolis is said to hold an
option on it, with a view to erecting
thereon flour mill of large capacity.