FREIGHT RATES
ARE AGAIN TO
BE BOOSTED
Freight and passenger rates be
tween Seattle and Alaska are tp be in
creased, according to advices just re
ceived by W: A. Brown, agent of the
Pacific Alaska Steamship Company,
operating the Admiral line of boats.
The new passenger tariff is effective
March 20 and after this date the fare
to Cordova will be as follows: First
class, $62; intermediate, $57.50; steer
age, $37, an increase of $9.50, $7.50
and $7, respectively. In addition
there will alsc^tie a war tax of 8 per
cent.
Although the date for the increase
in freight has not been definitely de
termined, there will be an advance of
$1 per ton on all commodities except
lumber, which will be increased $2
per thousand feet.
The reason given by the company
for jumping up the rates is the fact
that the cost of fuel oil has^advanced
from 87 cents to $1.85 per barrel, and
as this is a considerable item in the
cost of operating boats it is necessary
to increase the tariff. •
--♦
BUSINESS SECTION OF Cl r
IS DESTROYED BY FIRE
PETIT ODIAK, N. B„ March 14 (by
Associated Press).—Fire entirely de
stroyed the business portion of this
city last night.
PERSONAL AND LOCAL
NOTES OF INTEREST
Mrs. C. C. Keating and son Charles
will leave on the steamer Alaska for
West Virginia.
James Hoag and Mrs. Ethel Thinius,
formerly of Cordova, were married
last week in Juneau.
R. E. Hegg & Co. have received a
new piano, which will be placed in the
balcony of their ice cream parlor. -
The break in the cable was repaired
last night and commurflcation has
again been established with Seattle.
A Lenten service, followed by an ad
dress, will be held this evening at
7:30 o'clock at the Red Dragon club
house.
An excellent change of pictures to
night at the Empress theater. A
scream comedy, “Watch Your Neigh
bor,” and a five-act drama, "Great
Expectations.”
In the commissioners’ court this
morning Judge A. J. Adams sentenced
C. J. Wetzel to pay a fine of ?250
and costs and serve four months in
jail for violating the Alaska dry law.
E. A. Graham of the Alaska Sea
Food Company, reports that five Co
lumbia river boats are at the Ocean
dock for their plant, and a large ten
der will soon leave Seattle for Cor
dova.
Judging from the large advance
sale of tickets for the St. Patrick’s ■
day dance at fijagle hall on next Mon
day night there will be a record at
tendance. These annual affairs are
) I ways very enjoyable and the one
Jils year will be better than ever.
It is still blowing out on the line,
md there will be no local train for
Chitina tomorrow.
The Northland club will hold a spe
:ial meeting tonight to consider sev
eral propositions in reference to en
larged quarters. ,
FIREMEN TO START
ATHLETIC ASSOCIATION
At a well-attended meeting of the
Cordova volunteer Are department
last night one new member was ad
mitted and a committee was appointed
to formulate plans for the formation
of an athletic association.
At the next regular meeting of the
fire department the regular annual
election of officers will take place.
The new member was H. Chambers.
The committee on athletic association
consists of H. Chambers, Calvin Haze
let and George Mosser.
VALDEZ GETS* HONOR
OF NAMING VESSEL
Colonel Lenoir has telegraphed to
:he governor’s office a copy of a tele
gram from the manager of the gen
sral publicity committee at San Fran
:isco, of the Liberty Loan drive, as
’ollows:
“As the result of over-subscription
n the contest of the Fourth Liberty
oan, Valdez won the honor of naming
i ship being built by the government
shipping board. • Have committee
sable at once name chosen for ship
tnd of woman sponsor for ship. Name
s not to be after any individual or
lame of ship already in use.”
^————■
(
Frisco Standard 4, 5 and 8 h. p. j
Vulcan 4l>p
Standard Kid 3^ P.
East-Hope 3ih P
- Koban 2-cyl. outboard I
FRISCO STANDARD Engines need no introduction to
boat owners of Alaska, as hundreds of them, in all sizes,
are in use every day.
We stock the 4,5 and 8 h. p. and have made spepial ar
rangement with the factory whereby a “Frisco-Stahd
ard” of any size can be secured upon short notice.
We invite you to visit our Marine Department
With the arrival of new Ship Chandlery on last boat
| our stock is complete
■■iiiiiiiiiiiiiiiiiiiiiiiiiiii
THE “VULCAN” THE "STANDARD-KID” AND
is a medium-weight, me- "EAST-HOPE”
dium -fcpeed, four - cycle
motor—built with the engines are 3£ h. p., high
aim of simplicity and speed, designed for pleas
guaranteeing years of ure or light work boats,
service to owners. __
CATALOGUES AND PRICES ON REQUEST
\ .. i mmmmmm—mmmf—m
KENNECOHCO. 1
MAKES BORROW
FROM MORGAN
NEW YORK, March 14—A group
of bankers, headed by J. P. Morgan
& Co., has loaned Kennecott Copper
Corporation $12,000,000 for one year
from March 1 next at per cent.
These are the same bankers who
loaned the corporation $16,000,uoo In
March, 1917, to finance the major
part of the purchase of 196,500 addi
tional shares of Utah Copper company
stock.
The total cost of this purchase was
approximately $23,000,000, and the re
maining $5,000,000 was paid in cash
by the corporation. This $16,000,000
loan took the form of two-year 6 per
cent bonds, the last installment of
which, amounting to $4,000,000, will
expire on the 21st of this month.
These bonds were sold privately. And
it is not expected that the new loan
will be offered to the public.
It was stated by one of the bankers
who will participate in the new loan
that while the Kennecott does not
really need the money at this time,
the directors thought it advisable to
obtain additional funds to enable it to
carry its accumulated metal without
impairing the cash reserves until the
copper market improves, and, mean
while, to go ahead with development
work on a large scale.
In addition to retiring the $4,000,000
bonds, due next month, it is only
logical to surmise that the proceeds
of the new loan for the most part will
be used to continue development of
the Braden Copper Company, Kenne
cott’s big subsidiary in South America.
Up to the present time the surplus
earnings from this mine have been
turned back into the property. The
Kennecott has also loaned the Braden
additional funds to put through its
big expansion program.
The revised calculations of Bra
den’s reserves of of December 31,
1917, showed 239,000,000 tons of de
veloped and partially developed ore
of an average grade of 2.21 per cent
copper.
Braden’s development was kept
back during the war, especially in
1917. In that twelve months deliv
eries were delayed in construction ma
terial, machinery and supplies, due
largely to the precedence being given
by manufacturers to government con
tracts, and the lack of ocean tonnage
to transport the freight to Chile
greatly retarded the work of increas
ing the plant to a 10,000 ton per day
capacity.
NEW YORK, March 14.—1The Ken
necott Copper Corporation quarterly
dividend will in all probability be re
duced at the next meeting, according
to a director.
Questioned as to whether corpora
tions’ borrowing ol' $12,000,000 at 6%
per cent would have anything to do
with the continuation of the $1 quart
erly disbursement, the director replied
that it would not. He stated that if
the dividend should be reduced it wilt
be due to a general uncertainty in the
copper market. Kennecott has on
hand between 50,000,000 and 60,000,000
pounds of unsold metal.
-♦—
MAYOfj HILLERY GOOD
BOOSTER FOR BEST
TOWN IN TERRITORY
Mayor Willard H. Hillery of Cor
dova, who recently retired as vice
president of the Bank of Alaska and
manager of the Cordova branch of
that institution to enter the fish busi
ness, was a southbound passenger on
the Northwestern, accompanied by his
9-year-old son, Willard‘Jr.
Mr. Hillery is going south in con
nection with his fisheries business.
He is the principal owner of a fish
trap which produces enough to supply
a one-line cannery, and his company
purposes to establish a cannery at
once.
“Business is picking up at Cordova,’’
said Mayor Hillery. “The indications
are that a real oil field will be devel
oped in the Katalla country, and the
development of the coal properties is'
proceeding satisfactorily.
“Cordova is also developing into a
very important fisheries center. The
clam business is one of the most im
portant of the branches of the fishing
industry there; it is particularly so
because it employs local people and
local capital.”
Mayor Hillery will leave his son at
Los Angeles with his grandmother,
Mr. Htilery’s mother, for a long visit
—Juneau Empire.
**_
♦
1 “ Great,
^^ren,t They John!”
■ The famous HEADLIGHT
■ guarantee still holds good.
F “Wear a pair 30 days. If,
at the end of that time you
do not say that the Head
light is the best overall you
ever wore, your money will
be refunded cheerfully.”
We’ve got a big, new stock
made of the same highest
quali'.y dc nim of pre-war days.
f The price is right.
Headlight Headlight Come in, right away and look
Two-Piece Overall One-Piece Overall OVCr
HFINKELSTEIN &SAPIR0
“THE STORE THAT SATISFIES”
Phones—Grocery 21; Office 74
jiiiiiiiiilHIIIItllllllllllllllllllllllllMlIIIIIIIIIIIIIIIIIIIIIIIIIIIIMIIIIIIIIIIIIIIIIH^.......-'HI..
VALDEZ ATTORNEYS GET
SHARE OF MINING SALES
Judge Robert W. Jennings has de
cided the famous case of Donohoe and
Smith vs. Christian Tjosevig, his wife
and his brother-in-law. Attorneys T.
J. Donohoe and Edmund Smith sued
for a large amount of money and cer
tain shares of stock, claiming that the
same was due from Tjosevig to them
is the proceeds of the sale of certain
mining interests in the Copper River
valley. The main question was
whether or not Smith and Donohoe
had an agreement with Tjosevig by
which the latter was to do assessment
work for the former on some mining
claims, in return for Smith and Dono
hoe doing legal work for them in ref
erence to said claims. Tjosevig de
nied that they had any such agree
ment.
The question was submitted to a
jury some time ago and the jury de
cided that Tjosevig did have an agree
ment as claimed by Smith and Dono
iioe.' Judge Jennings, on reviewing
the evidence, agreed with the jury in
their finding. Smith and Donohoe
claimed some $19,000. The judge
awarded them $8,500 and interest. The
fudge, however, held that Smith and
Donohoe were not entitled to any
lamages for the sale of stock, as
daimed by them.
--♦———
Job printing at Daily Times office.
J " .... I
An Excellent Program
LOUISE HUFF as ESTELLA and
JACK PICKFORD as PIP
In the Five-Act Drama
“ GREAT EXPECTATIONS ”
Adapted from Charles Dickens’ Masterpiece
TWO-REEL MACK SENNETT COMEDY
“WATCH YOUR NEIGHBOR”
Sunday—George Walsh in “This Is the Life”
—
I Fraternal Order of Eagles §
§== gS
Will Hold a
Idanc '
at |
| EAGLES’ HALL
| SATURDAY
NIGHT
‘ Fine Hardwood Floor, Best of Music, and
a Good Time for All Who Attend