PMA Has Record Year For 1958
Gain of 13 per cent Reported For 1959
Pacific Northern Airlines, Inc,,
in the annual report mailed to
shareholders April 21, states that
new records Avere established in
all classes of traffic, thus further
strengthening its position as the
teadmg airline of the nation's
largest state. The report also dis
closed that PNA, during 1958, ^con
tinued to maintain the steady
growth of previous years and that
re von ?ie,s last year topped all pre
vious records. ;
Net income exceeded prelixrp
«ary estimates and the Annual
further stated that the
;J growth was being contin
ued into 1959 with the result that
' during the first quarter
Wft!» more than 13% ahead of the
UjU period of 1958. This substan
fial! continued growth it was ex
‘ l,ed» influenced the Company's •
to place two additional
Lockheed Constellations in ser
vice during 1959.
Totals during £ W$8
reached" aK'-aff time high of $10,
367,771 as compared with $10,030,
332 during the previous year.
Operating ; profits during the
year amounted to $805, 218 after
depreciation of $714, 003. This
compares with operating profits
of $617,213 after depreciation
charges of $644,020 during 1957.
Net income, after taxes and
other charges, amounted to $393,
816 equal to 37 cents per share on
the 1, 068,109 shares of common
stock outstanding. This represents
a 51% gain over the $261,125 or
24 cents per share reported during
1957.
Paring 1958, the number of pas
sengers carried showed an in
crease of 5% qyer the previous
year. Gains of 9% in cargo and
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DOME - PLYMOUTH - WiLLYS
Factory or Seattle delivery
Lowest prices Legitimate dealer
Large stock car parts
Mufflers and brakes a specialty
CLARK’S GARAGE Ph. 3444
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Apple Pie....... ... f
:• Manilla Ice Cream :
NAUGHTON’S BAKERY
Open Day & Nite
Phone 2062
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KODIAK OIL SALES
UNION OIL PRODUCTS
; \ '• •./ ... •i*’’ ^
U,loba T5x Triton
Greases _ ‘ Motor Oils
UNION
Complete Petroleum Service
Marine Service Station ; 4
STOVE OIL - BURNER OIL
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KEEP FULL SERVICE '
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P HONES
Pock & Plant 24U ‘i"s'"|
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express ton-miles and 11% in mail
volume also were reported.
Discussing the outlook, Arthur
G. Woodley, President, stated
that prospects for 1959 appear
even more' favorable than last
ye^r.' He .drew attention to the
numerous' important industrial
i ■ t- ;• v.
activities taking place along the
routes served by Pacific Northern.
These include an investment of
some $300 million by the petro
leum industry in Alaska, princi
pally in centers served by PNA.
“Pacific Northern Airlines ser
ves the major centers of popula
tion of the new State and the
areas which offer the best poten
tial for tourist, agricultural and
mining developments,” continued
Mir. Woodley. “Thus, to a far great
er extent than any other airline
serving Alaska, PNA will partici
pate in the future growth of the
49th State at virtually all of the
present and potential centers of
major activity.”
May 1 Designated
As Loyalty Day
Mayor Merrill C. Coon has is
sued a proclamation designating
May 1, as JU^yja^ Day. He stated
In his proclamation that recogni
tion of the day provides every
citizen to reaffirm faith in the „
United States through the pro
grain sponsored by the Veterans
of Foreign Wars of the United
States. . < v .
“Each of us should make a per
sonal pledge to uphold these God-.
given; rights -to. the defense of
•which thousands of our fighting
forces have died onbattlefields;
all over the world,’* Mayor Coon ♦
stated. He urged all citizens join
in a demonstration of allegiance,
and that civic groups will join,
with the veterans organization in.
an expression of loyalty..>. . -;
May 1 has also been proclaimed,'
Youth Day by Mayor Coon. The
day has been set aside by the
Benevolent and. Protective Order
of Elks to honor America’s Junior
Citizens . for the.ir accomplish
ments, and to give fitting recogni
tion of their services, to the"
Community, State and Nation.
The two organizations will join
in a program at the Labor Temple
in the evening of May 1„ m which
loyalty to the Nation will be stres
sed and in honor of the youth of
■"■■HI ..■■.MU..I
CALL
HERTZ.
for lower
weekly rates
Need a car for a week or
longer? Rent a new *59 car .
fully equipped*
Ofily $68 a week plus J.4
cents a mile Includes all '
gasoline, oil and proper in
surance. Call us to reserve a
■ car- here, there or anywhere.
p ^ .'• •;
hhHMMv^
Holman
Anto Mart
Phono 3081
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the city. See elsewhere for details.
NAVAL STATION COUPLE
PARENTS OF BABY GIRL
A baby girl, weighing 7 pounds,
9 -ounces was born April 10 to
Airs. Florence Cecelia, wife of
licdr5 Paul Lindsey Spargo, who
reside at 1783 North Boulevard.
The baby, Lisa Ann is the third
child of the Spargos. Spargo is
attached to the Navy.
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S228 Swells Fund
For Scholarships
$228.50 was realized from an
auction held at the Rotary lun
cheon Tuesday. The funds will be
used to provide scholarships
sponsored by the organization.
Spirited bidding took place of
wrapped packages brought by
members. Auctioneer was Jules
Radinsky.
i WODLINGER DRUGS i
(BERTS) j
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SPECIAL
i , '•* v i
to clear
, , i
Cimier & Rainier
17 Jewelled I
b
Mens Wrist Watches 1
16.50 to 29.50 Retail 5
at 1-2 price I
Ronson TableUghters j
1-2 price j
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SHOP THE DRUG STORE \
c > -
Special $304.00
Westinghouse Model AK Range.
Slightly used in Heme Economics
Classroom. Like New.
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DONNELLEY ft flCHESON
Phone 3201
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