McCarthy Mercantile Co.
General Outfitters
McCarthy Alaska
“Alaska Soda Fountain'*
ALL KINDS OF MIXED DRINKS
CIGARS CIGARETTES CANDIES
BILLIARDS
Ice Cream and Ice Cream Soims
Cigars and Tobacco Furnished Rooms
“THE GOLDEN’
THE PLACE WHERE FRIENDS MEET
POOL SOFT DRINKS CANDY
JAMES HUSSEY
“THE HOME OF GOOD EATS”
I
THE ALASKA HOUSE & CAFE
(Formerly THE MERCHANT’S RESTAURANT)
RENOVATED AND UNDER NEW MANAGEMENT
TWENTY NICELY FURNISHED ROOMS
SATISFACTION GUARANTEED _ PRICES REASONABLE
Ror F Snyder
GOLDEN CAFE
HOME COOKING
OPEN TILL ELEVEN P. M
Photographs
Drugs, Stationery, Toilet Articles.
KODAKS m l PHOTOiRAPHIO SUPPLIES
A Complete Line
of Watches, Jewelry and optical goods of the
“PAUL BLOEDHORN” Quality
All Repair Work (oven Prompt Attention
J. P HUBRICK
KEN N B.CGTT C UPPER
Not Planning to Cl^e D > vn
Its Mines—Cost last Year Aver
aged 10.8 Cents.
Boston News Bureau. April 8th.
According to an official of the
Kennecott Copper C < i] ( im,( i
no plans have been made to close
down. Of course, to meet the
production scheoule adopted by
leading producers late in 1920—
before the final shut down --
Kennecott’s production was re
duced considerably, but for the
present it will be maintained at
the current, rate i.e. 7,(XX),000 to
7,500,000 pounds monthly.
Had the copper market of 1920
permitted anything approacn
ing a living for leading produc
ers, Kennecott could have made
i handsome showing of earnings.
Its annual report for last year
will issue within a few days and
will show an average cost for
the full twelve-month of 10 s
cents per pound for the 108,370.
000 pounds of copper produced
including depreciation, loc-tl &
federal taxes.
Electiolytic copper averaged
17.j ceil is per pound in New
Yon; list ye ir.
I
I
This market, of course, for
. weeks at a time was nominal
i and tho demand was next to
j nothing, but it shows that the
statement of President Birch of
last October, that the Kennecott
was then earning and had earn
ed its quarterly dividend of 50
cents per share was no exagger
ation.
With the shutdown of the U
t th Copper Co. the question has
arisen as to the continuance of
its current dividend of $1 quar
terly.
As collateral for the $15,000,
0(X) Kennecott bonds it haspledg
ed 500,000 shares of its 616,000
shares of Utah stock, or roughly
$•10 per share for Utah, against
a current market of $4d,
. At the close of last year Ken
necott had abundant cash assets
and with bond interest calling
for only $1,050,000 annually, it
needs to earn a profit of less
rhaii one cent per pound on
its production to cover interest
cuarges.
Our local representative Joe
Murray, has introduced a bill
asking for an appropiation of
twenty five thousand dollars to
wards building abridge over the
uij'na river.
MCCARTHY LAUNDRY
LAUNDRY BATHS ROOMS
CLEANING 8c PRESSING ORDERS PROMPTLY EXECUTED
Kennecott Laundry
Family Work A Specialty
Brehmer Drug Co‘s.
McCarthy drug store
DRUGS DRUG SUNDRIES
JEWELRY STATIONERY
KODAKS and PHOTO SUPPLIES
Cordova
McCarthy