I FIRST BANK CORDOVA |
CAPITAL STOCK *25,000
| 4% On Time Deposits |
We Sell Travellers’ Checks
| Gold Dust Bought at Highest Market Prices
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DESPOSITORY FOR TERRITORIAL FUNDS.
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p.
The Leading Hotel of Alaska
* WINDSOR
J HOTEL
CORDOVA, ALASKA
J [
, tutit rttttttn tttttt t o tttti 11 n 111 m
I Alaskan Hotel
THE HOUSE OF COMFORT
THE BEST EQUIPPED HOTEL
I N A L A S K A
i -
Si Hot and Cold Water, Electric Bells, Electric
Lights, Steam Heat, Suites With Bath.
ij;j Bar in Connection
;j:j ROBERT GOTTSCHALK Proprlteors ART CLONINGER
1 CORDOVA, .... ALASKA
i.- -
Steam Heated Centrally Located.
HOTEL NORTHERN
* V. Q. VANCE, Prop.
OSTRANDER BLDG. CORDOVA, ALASKA
\
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W —————■————I , „■ --=
Cordova Power
Company
LIGHTS, WATER, PHONES
AND POWER
25 and 40 Watt Lamps.35c.
60 Watt Lamps.50c.
100 Watt Lamps.75c
250 Watt Lamps.$2.00
200 Watt, Gas Filled Lamps.$3.00
i
Office: FIRST STREET.
Get‘‘More Money” lor your Foxes
Black. Silver, Cross, Red, White and Blue, Lynx,
Bear, Marten and other Far bearers collected in your section
SHU* YOITH Ft’RS DIBKCT to "SHUBKRT” the largest
bouse in the World dealing exclusively In NORTH AMERICAN RAW FbRS
u reliable—responsible -safe Fur House with an unblemished rep
utation existing for "more than a third of a century." a loiigsuc
cessful record of sending Fur Shippers prompt .SATISFACTORY
AND PROFITABLE returns. Write for "It* *h«*erl Mhieear
the only reliuble. accurate market report and priceii»t published
Write ior it-NOW-lf'a FREE
A. B. SHUBERT, Inc. Peffgy^&CAC^UAA. |
WHEAT SUPPLY IS
LONDON, March 1G. — Great Bri
tain and her allies have gone into the
wheat business on a very evtenslve
scale, the governments themselves
buying vast stocks of wheat — 200.
000 tons in Australia at a cost of $1G.
000,000; 250,000 tons in Argentine at
a cost of $20,000,000, and the whole
remaining crop of Ttoumania at $50.
000.000 in all. about $80,000,000
j probably the largest bulk expenditure
1 for wheat ever made.
This is a new departure — govern
ments buying up tip* wheat supply. It
has a special interest to the United
States for two reasons, namely:
First: The rate of American ex
change, which went so strongly
against England last fall, is depend
ent on keeping down imports of Am
erican wheat, cotton and other pro
ducts. In this way the balance of
trade will not be so heavily against
England as it was last fall; the drain
of gold to meet that balance will not
be so heavy, and the exchange rate
will remain steady. One of the high
est officials of the government told
the Associated Fress. when the rate
of exchange crisis occurred last fall
that, one of the surest ways of steady
ing the exchange was for England to
stop buying wheat in (he United States
and buy it instead in Australia. Can
ada and elsewhere. He intimated
strongly, too, that this would be done;
and apparently it has been done, al
though the Corn Exchange is flooding
the London*press with queries as to
why these government purchases are
| made.
Second: Irrespective of the ex
change rate, the government pur
chase of wheat discloses the tremen
dous weapon which the quadruple
allies possess in the control of that
fundamental food product. As it now
stands the countries forming the
quadruple alliance have an enormous
stock of wheat, about one-half of the
total world's crop of 1915; the neutral
countries come next with about half
as much as the quadruple alliance
possess; and the central powers come
last, with a comparatively insignifi
cant stock of the great food staple.
A rough summary showing the wheat
holdings of the various groups is as
follows:
Quarters
Quadruple Allies..323,452,000
Neutral Countries.189,181,00
Central Powers. 56,739,000
That is, the quadruple allies have
the bulk of the world’s wheat sup
ply, and are buying up a good deal
of the neutrals’ share, while the cen
tral powers have about one-sixth the
supply of their opponent with little
chance of buying from neutrals or get
ting it delivered if bought.
The details of wheat holdings by the
two war groups, and by the neutrals,
can be approximately figured out from
reports obtained through the Corn
Exchange. While not official, the fig
ures are published in the leading or
gans of the exchange, as compiled
from nil available sources. Including r
official. Rearranged according to e
groups In the present war — for this s
is a struggle between war groups— ' h
the stocks of wheat in quarters is as i
follows: jy
Quadruple Allies — France, 32,000,- f
000; Algeria and Tunisia, 5,700,000; j(l
United Kingdom, 9,100.000; India, 47 - °
922,000; Canada, 43,030,000; Egypt 1
and the Cape, 5,200,000; Australia, f
23.200,000; New Zealand, 1,000,000;] 8
Italy, 21,350,000; Russia, 133,000,000; j«
Japan. 2.950,000. Total. 323,452,000 >'
quarters.
Neutrals — Spain, 17.000,000; Por
tugal. 800,000; Rouraania, 11,250,000;' p
Greece, 600,000; Holland, 711,000; jr
Switzerland, 485,000; Sweden, 1,000,- f
000; Denmark, 995,000; United Slates, *
126,44<M)00; Mexico, 400,000; Argon-, .
tina. 24,000.ouu; chile, 2,000,000: Uru
guay, 1.200.000; Peru, 600,000; Persia,
1,700,0(111. Total. 189,181,000 quarters.
Central Powers — Germany, 20,000,
1000: Austria, 7,500,000; Hungary, 18,
! 959,000; Crotia and Slavonia, 1,500,
jOOO; Bosnia and Herzgovina, 500,000;
Bulgaria, 5,786.000; Serbia. I,500,o00;
] Belgium. 1,000,000. Total, 56,739,000 j
quarters. I
i
There, are, of course oilier factors)
operating in lliis war game which af
' feet tlie foregoing stocks of the vari
ous countries. Russia's vast stock is j
practically scaled up and while it;
lean supply her own army and people, I
it cannot get out through the Dardan
elles. or westward across the Austro-j
German lines, or northward through |
the ice ports and the German Baltic i
fleet. Belgium's stock, also, while I
controlled by the German occupants j
of the country is by arrangement nsed
for internal needs. So that these and
some other small grain producing |
countries are out of the world’s flue— j
tuntions of grain as the food weapon!”
of warfare. | :
I nr rctxin j;uvn munii |jum uaoc iu
Australia and Argentina are referred
to in an official statement, which
says the British and French govern
meats purchased 200,000 tons of wheat
from Australia, the share of the Brit
ish government being 50,000 tons. The
Argentina purchase, the statement
says, was 250.000 tons by the British •
government. At the prevailing rate
this would he about $15,000,000 for
the Australian and $20,000,000 for the
Argentina supplies. Details of the
Roumanian purchase are given in let
ters from Bucharest, stating that Sir
George Barclay, the British minister,
signed the purchase contract, which
the British legation announced was
made In behalf of the government.
The purchase covered 80,000 car loads
at €128 per car load, or a total
of ten million sterling, $50,000,000.
Aside from its effect on the Ameri
can exchange rate, this gathering in of
huge stocks of grain appear to be one
of the modern methods of warfare, as
a reserve food defence for the armies
and population, and as another means
of wearing down the enemy by short
ening his food resources. This has
been urged in the past, notably by Mr.
I Yarburgh, M. P„ who claimed that a
wheat reserve was essential, as a first
line of defence for an insular country
like England, liable to be cut off from
the food supplies on which it is abso
lutely dependent. The British navy
has, of course, been the encircling
protection against this possibility.
And yet. it appears to be accepted as
a wise precaution that a great wheat
eserve should be built up against any |
ventualltv, Just as much as a gold re
erve. The wheat reserve of I.ondon
as been running very low of late, be
lg only one-third of what, it was a
ear ago. and there is about the same
illlng off at the fifteen great ports
f the country. So that this new policy
f government wheat purchase Is go
ig into operation, with the double
urpose of gradually building up a
rent defensive wheat reserve, and in
Identally no doubt keeping down the
ate of American exchange.
--:o:
When you have printing lo be done
ive it to your local paper, which
lalutains a payroll and is working;
■>r the upbuild of the town.
:
■
When Ordering Beer i'
..--—INSIST ()X~ ■--= |j
Rainier Pale 11
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f K. SATO
Public Messenger
For All of Cordova
Phone 72
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For the Best Brands of X i
WINES, V
LIQUORS :
AND :
CIGARS |
Call at the
POPULAR CORNER :
First Avenue and C Street ♦
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Choice Tobaccos, Cigars and
Smokers Sundries—Wholesale
and Retail Cigar 8tore.
The
Horseshoe
POPULAR RECREATION PLACE
Billiards and Pool
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Headquarters for the Petersen,
Wellington, Calabash and
Garrick Pipes. t
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The
MINT
Thoa. Davla, Prop.
STRAIGHT WHISKEYS
IMPORTED WINE8
KEY WEST CIGARS
BONDED GOODS
NOTHING BUT THE BEST
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FOR GENERAL TEAMING, BAGGAGE
TRANSFERRED, AUTO SERVICE
COAL AND WOOD I
ALASKA TRANSFER CO. |
z Cordova and Anchorage
UNEXCELLED WAREHOUSE FACILITIES |
For Storing and Insuring Baggage, j!
Mdse, and Household Goods
Office—EMPRESS BUILDING, CORDOVA—Phone 85 §
575 TOWN LOTS IN CORDOVA
Ranging in price from $50 up to $3,000, and 600
Town lots in Cliitina ranging in price from $50
to $1,000.
Will sell any or all on terms to suit purchaser.
For particulars—Call or write to
GEO. C. HAZELET,
$
Cordova, Alaska. Trustee and Agent.
Northern Meat Market %
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l WHOLESALE AND RETAIL DEALERS IN
| Fresh Beef, Pork, Veal, Mutton |
and Provisions
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Particular Attention and Prompt Service Given to orders from
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MINING CAMPS, ROADHOUSES AND
INTERIOR POINTS
SMITH & GLASBRENNER, Props.
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INSURANCE |
FIRE, MARINE, LIFE and ACCIDENT t
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Insure your property against fire in reli- <«
liable Insurance Companies 1
We represent the NIAGARA, LONDON.
PHCENIX, HARTFORD, NORTHERN, GLOBE :l
& RUTGERS, and others; all strong Board Com- ! ^
panies. ; [
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We also represent the Maryland Casualty
Company, and issue Fidelity and Surety Bonds.
NORTHWESTERN REALTY A TRUST COMPANY i!
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