The
McCarthy
Weekly News
Entered as second class matter, i^epiem
t>er 17th. 191S at the l ost Office, at
McCarthy. Alaska, under the Act ot
March it. 1879.
Subscription Rates
Single (Copies $ 25
Three Months 1 .25
Six Months , 2 .50
One Year 5 .0^
Payable In Advance
C. P. M. COLfT Manager
M M. COLE Editor
McCarthy, A1 rslr
Saturday December 4th, 1920
THE BOSTON: NEWS BUREAU
ON THE
TOPPER SITUATION
The copper industry is today
admittedly face to face with a
very serious situation.
Caught with a huge supply of
copper above ground at the
close of the European war two
years ayo, it has been an un
equal fight ever since, v Bh the
copper companies on the losing
side.
The red metal today is selling
within half a cent of the lowest
price in nearlv seven years,
Operations at the mines have
been reduced to between 55%
and ft0% capacity. The refined
output of the country is in the
vicinity of 125,000,000 pounds
monthly.
Yet the surplus of refined
copper has been steadily grow 1
ing since early this year. A con
ervative estimate pi c * the
surplus today m 550.0)0.000
pou nds.
Every ''ther line of industry
has bowed down to lie n*vi
table. Woolen rnihs closed
down for a time, shoe factories t
silk mills, cotton ioilU. and
nearly all bran dies of the tex i
t ile industry have every where I
curtailed heavily
Butte and Superior, a zinc Si
silver producer, with a wealth
of liquid assets, but recogniz]
ing the impossibility of fight
ing a receding zinc m irket, h:i->
closed down its prope *Gies en
tirel.y.
Topper workmen, surface A: j
underground, are today pair, i
the same wajres as piv” ni ed at i
the peik of the vv ir when the
metal wes fixed pc \eminent
fiat at 2v) cents per pan id. I
Today it is unsalable at 11
cents a pound less. Under
the sliding scale, wages go up,
but they don’t come down! And
the principle of of the sliding
scale agreement is that wages
rise or fall A’ilh the fall of the
metal.
Coal has advanced to unpre
cedented heights. Other suppl
ies have also gone through tne
war peak.
The ave age oi £0 copper
stocks declined to 27.11 Friday
die lowest level in years.
The copper mines have delay
ed drastic action in deference
to the welfare of their employ
ees and in self protection as well
Mining organizations are not
easily as.semblee afuer a pro
tructed period oi iuleaess.
Neverless, wages have been
maintained at top ligures and
large wonting forces nave been
kept on the payrolls.
Today copper is being sold at
less than the average cost of
production.
SAFETY OF PRINCIPAL
Should be Your First Consideration
YOUR PRINCIPAL IS SAFE
If Deposited With
THE BANK OF ALASKA
“The Bank Of Personal Service”
K. A. R/ bmusskn. President. Thos. S. Fcott. Yick-Presdient.
II. W. AcnisoN, Ass’t. Cashier
Copper River
and Northwestern Railway
'°he following schedule will be put into effect.
Trains leave Cordova for Chiti^a Monday and
Thursday.
Trains leave Chitina for Kenneeott Tuesday ana
Friday, and Sundays.
Trains leave McCarthy for Chitina, Monday and
Wednesday, and S iturdays
Tr tins le ive Chi tin i for Cordova, Tuesdtyand
Fridays
The above schedule subject i<» change without notice.
CALEB CORSER Supi. F. W. SOMMER Agent
F. H. FOSTER
ATTORNEY
Rotary Public Real Estate
Transactions of all Kinds
Regally arranged
Cordova, Alaska
ARCTIC BROTHERHOOD
CAMP 33
Meets every Monday evening
at A. B. Hall. Visiting members
cordially invited to atl ?n 1 these
meetings.
EFFECTIVE APRIL 1st.
Initiation Fee $10.
Monthly Dues 50 cents.
J. W. Nickel! A. C.
McCarthy, Alaska^
JOB
PRINT
ING
GOOD WORK
NEWS OFFICE