KENNECOTT DEAL
Concerning the reported merger of
the Utah and the Kenneeott, which oc
cupied much space and comment last
month, and excited Alaskans consider
ably, the Boston News Bureau, of re
cent date, says:
Sinco the recent stock market col
lapse nothing has been heard concern
ing the Kenneeott and Utah copper
merger. The basis agreed upon was
2.2 shares of Kenneeott for one of
Utah Copper. We understand all the
differences which arose as to the ex
ecutive management of the consoli
dated company were ironed out some
weeks ago.
While the Morgan and Guggenheim
interests, who dominate the Kenneeott
Copper Corporation, were favorable to
the merger on 2.2 shares for one
basis and might be able to secure suf
ficient proxies to put the merger
through, it cannot be denied that op
position to any such plan has devel
oped among some Utah Copper share
holders. These shareholders believe
that they are part owners in the
world's greatest c-opper mine, and do
not take kindly to the proposed
scheme which links up its fortunes
with those of any other mining under
taking.
As Kenneeott owns in its treasury
4114,001) shares of Utah Copper, and as
the Guggenhelms individually are be
lieved to represent a total of at least
200,000 shares there is in the combinod
total a formidable aggregate of 600,000
shares, or almost 40 per cent of the
Utah Copper Company’s 1,600,000
shares.
The Guggenhelms are believed to
■ be buyers of Utah Copper during the
W past two or three weeks, and we have
heard that they have taken over some
very large investment blocks private
ly. Whether this is being done to fa
cilitate the merger is not apparent
at the moment.
The Utah Copper Company in 1916
produced 190,000,000 pounds of cop
per. We figure that on this output
the company must have cleared up no
less than $33,000,000. Including its
51 per cent equity in the Nevada Con
solidated, the Utah Copper’s profits
easily totalled $40,000,000, or $25 per
A prominent director states that
since the adverse decision of the su
preme court in the Minerals Separa
tion litigation whereby the copper
■"* in'-. »«W<'h have not taken out
1 — "I1** MMtaj from using less
than one per cent of oil in the flota
tion process, the Utah Copper has
been making some extraordinary re
coveries in the use of a fraction over
one per cent oil. Anything over one
per cent does not fall within the pro
hibitions of the patent. The director
in question asserts that the recoveries
are just as high as when a very small
percentage of oil was used, and that
by cheapening the grade the in
creased quantity of oil does not ma
terially affect the cost.
The Boston News Bureau of Janu
ary 25, further says regarding the
merger as follows:
We wired Managing Director D. C.
Jackling, of the Alaska Gold Mines
Company, who is now in San Fran
cisco, asking if he had any advices
from the property that would explain
the recent decline in the stock of
$8.25 per share.
Mr. Jackling wired in answer as
follows:
“I have received no advices from
Alaska that would account for the
recent decline, and believe therefore
that there is nothing In conditions at
the property to warrant it. The out
look, so far as I am able to interpret
It, justifies the belief that the tonnage
can be maintained at not less than
the average for the last three months,
barring interference of severe wea
ther; and the probabilities are that
the output may gradually, but slowly,
be increased as weather conditions
improve toward spring. 1 do not ex
pect the average values of the past
year can be Improved much, if any,
for several months.”
-♦
W. A. C. BALDWIN TAKES
OVER THE HOTEL ZYNDA.
W. A. C. Baldwin, well known hotel
man of Seward and Cordova, yester
rinv leased the Hotel Zynda and as
sumed the management thereof. Mr.
Baldwin has been negotiating with the
owner of the big concrete building, S.
Zynda, for some time. He recently
came from Cordova to close the deal
for the hotel. The new proprietor is
a man of vast hotel experience, and
the Zynda, under his management, will
be conducted along the same stands
ards that have characterized the man
' agement of the various hotels he has
V conducted in the past.—Juneau Dis
1 patch.
\ -♦
REGISTRATION NOTICE.
The registration book of the towr
of Cordova Is now open at my offlct
at the Bostoffice store, Second street
Cordova, at all hours during the daj
and evening. The registration bool
will be closed at 4 o’clock p. m. Sat
urday, March 31, 1917.
CHA8. M. ROSSWOG, Registrar.
-«
Now Is the time to subscribe for th<
Times — $5 for six months.
ALASKA EXPORTS
LAST MONTH
The exports from Alaska for the
month of January, 1917, reached a
grand total of $2,455,145, notwith
standing the fact that very few boats
were on the Alaska run, the further
fact that the Bering sea trade closed,
and that the gold and salmon ship
ments have almost entirely ceased.
The January 'otal is below that of
preceding months, but that is to be
expected, as January Is tho . "low
water” month in business in Alaska.
The detailed statement of the ship
ments from Alaska are ns follows:
Animals.$ 850
Bones and hoofs, etc. 160
Copper. 712,687
Curios. 161
Fresh fish . 26,170
Dried, smoked, cured fish.. 24,856
Pickled fish. 2,557
Salmon, canned. 101,454
All other salmon. 16,119
Shell fish. 1,404
Furs and fur skins. 211,830
Ivory. 35
Jewelry. 79
Dead ore . 8,483
Oils. 5
All other articles. 970
Total Alaska products ..$1,119,766
U. S. goods returned. 63,450
Total.$1,183,216
Gold bullion. 924,812
Gold ore. 325,840
Silver ore. 20,757
Gold coin returned. 520
Grand Total.$2,455,145
(By Associated Press)
MEXICO CITY, Feb. 12. — General
Pablo Gonzales, commanding the di
vision of the oast, has established in
this city a commissary and store sole
ly for the benefit of his soldiers, where
they may obtain articles of nearly
every discriptlon at practically cost
price. Similar stores, it is expected,
will be established at other points
throughout the district occupied by
this division. As the Mexican sol
diers provide their own food, these
stores are expected to aid materially
in bettering -their condition. Similar
commissaries have been established
for the benefit of the employees of
the department of Justice and the de
partment of the interior. Eight stores
for the benefit of the general public
have also been opened by the gov
ernment.
-♦
Of course you are reading the Daily
Times. Why not save a dollar by pay
ing six months' subscription In ad
vance; $5 will do the trick.
c
(By Associated Press)
PEKING, Feb. 12. — Liu Shin Shun
has been designated vice-minister of
foreign affairs to succeed Ilsia Y Ting.
Mr. Liu formerly served as minister
to France and acting minister to Ger
many and Portgual. He was also a
member of the arbitration department
of The Hague, and was at one time
adviser of foreign affairs to the late
President Yuan Shi Kai.
The change in the foreign office Is
largely due to the criticism directed
against Hsla Tl Ting in connection
with the negotiations concerning the
dispute with the French over the ad
dition to their concession in Tien
Tsin.
-*
(By Associated Press)
LONDON, Feb. 12. — An Imposing
solid silver mace for presentation to
the Canadian house of commons is on
view here. It is a replica of the mace
destroyed In the fire at the parlia
ment buildings in Ottawa last Janu
ary. Immediately after the disaster,
the lord mayor of Ixmdon wrote to
Canada, offering to replace the mace.
The offer was immediately accepted,
and fragments of the old mace were
sent here from Canada and incorpor
ated with the new one. The makers,
with the help of photographs, have
produced what may be regarded an
exact facsimile.
-*
GOVERNOR STRONG TOO BUSY
TO TAKE HIS VACATION.
Although Governor Strong has ob
tained sixty days leave of absence he
feels that with the session of the leg
islature drawing near and with his
duties in connection with the canvas
sing board and others his absence
from the territory at present is not
advisable. To go out now and to re
turn in time for the opening of the
legislature would mean that the time
at his disposal would be mostly taken
up with traveling. A tremendous
amount of work is now being trans
acted in the governor's office, and
much more Is coming up.
-«
PRINCE OF WALES
ON VISIT TO LONDON
(By Associated Press)
LONDON, Feb. 12. — The vacation
which the Prince of Wales is enjoying
In London is the first leave of any
length that he has had since last
spring. Since his previous visit home
he has been on service errands to
France and Italy and has spent a con
siderable time in khaki in Egypt.
IT NITpNf
1911 IS THE
PREDICTION
(By United flress)
WASHINGTON, Febi 12. — That
the entire United State^ will be voted
dry by the end of 1917 ^as the predic
tion made here today by the Antl-8a
loon League of AmerleA, The claim
Is based on the following:
Pending dry legislation will be
passed at the present session of con
gress, as a result of thelj "undisputed"
growth of public sentlntent In favor
of It," and the 139 new louse of rep
resentative members will swell the
ranks of the “197 members of the
house who favored the Hobson na
tional prohibition bill.”
Many of them, It Is pointed out,
have been elected from states which
have recently "gone dry,’" or have de
clared their intention of so doing. Vir
ginia, Alabama, Iowa, Nebraska and
Michigan have adopted ( prohibition
laws since the vote was taken In con
gress on the Hobson constitutional
amendment bill.
“It is reasonable to assume the
movement will have all of the congres
sional votes of these states—a gain
of 15.”
-«
HEXICANS ARE TAKING
JIU-JITSU COURSE
(By Associated Press)
MEXICO City, Feb. 12. — A course
In jiu-jitsu has been added to the cur
riculum of the staff school by order
of General Francisco Uniuiso. Two
Japanese professors of the art have
been engaged to teach the young of
ficers.
-•
The Dally Times is a member of the
Associated Press, and Its telegraphic
service is the best money can buy,
-♦
NOTICE.
We have sold our store to Finkel
stein & Saplro. We will pay all bills
and collect all accounts contracted
previous to January 1, 1917.
All accounts due on that date should
be settled at once at our office in
the Co-operative store.
CORDOVA CO-OPERATIVE TRAD
ING COMPANY.
Dated January 27, 1917.
IN THE U. S. COMMISSIONER’S
COURT FOR THE TERRITORY OF
ALASKA, THIRD DIVISION, COR
DOVA PRECINCT. «
In the Matter of the Estate if A. B.
Cooper, Deceased.
NOTICE TO CEREDITORS.
Notice 1h hereby given by the under
signed, administrator of the estate of
A. B. Cooper, deceased, to the credit
ors of, and all persons having claims
against, the said deceased to exhibit
them, with the necessary vouchers,
within six ftionths after the first pub
lication of this notice, to the said ad
ministrator, at C. M. Frazier's office
in the Town of Cordova, Territory of
Alaska, the same being the place for
the transaction of business of said
estate.
Dated February 6, 1916.
W. J. SHEPHARD,
Administrator of the Estate of A. B.
Cooper, Deceased.
__Flrst^|mblication February 6, 1917.
E. A. HEGG
STATIONERY AND PHOTO SUPPLIES
Developing and Printing Phonographs
Views and Postcards Columbia Records
Art Pictures, Art Supplies Sheet Mu3ic
Picture F^Sg Candies Always rresh
Toilet Articles Ci«ars “d Tobacco
MAIL ORDERS GIVEN IMMEDIATE ATTENTION.
MONEY FOR DEVELOPMENT
Why waste time, stock and money in trying to sell or to secure suffi
cient funds to place your property on a paying basis? If you have a
■ property that needs money for development, a property that is worthy
of consideration, write us at once and we will show you how to place
your proposition before at least 600 capitalists and moneyed men,
right in the money markets of the United States.
HILDRETH & RICKARD
__ Specialists in Financial Publicity
605 Lyon Building! Seattle, Wash.
> ' " «
l
GOOD ROADHOUSE
FOR SALE CHEAP
Two storeys, 22x56 feet; stable for twenty horses,
and two log caches and one cabin.
Also a full line of groceries, hay, oats, &c.
Business on good paying basis.
For particulars apply at the
DAILY TIMES OFFICE.
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MEET ME AT
The HORSESHOE
POPULAR RECREATION PLACE
Where We Can Always Find Our
Friends.
Finest Billiard and Pool Tablea In
Ataaka.
BE8T GRADE8 OF STANDARD
BRANDS OF CIGARS.
1 Foos Gas Engines
§ 4 to 500 Horse Power I
General Electric Motors |
| Roebling Tramways
| Pelton Water Wheels |
Chicago Oil Engines and Compressors
| Regal Boat Engines
| Harmon Machinery Co Inc i
| Oxy-Acetylene Welding.
L CORDOVA, ALASKA
mmmmmsmmsmsmmmmmiMsmmmtKmimmiM
,
When Ordering' Beer
~"~r' .—INSIST ONa== jj
- Rainier Pale
r,3
——I ———
Sixty Steam Heated Booms Bletrio Lighted
Hot and Cold Water in Every Boom
With or Without Bath.
)
Cordova House
j H. 0. BOSS, Proprietor.
Headquarters for Bailroad and Mining Man
Satisfaction Quranteed v;
Batea
II_Z-1
A
\
Perseverance
Without continuous effort nothing can be accomplished
worth while. Mere thinking that we will do a particular thing
is not going to bring results.
A substantial savings account, which will make you finan
cially comfortuble cannot bo created by thinking about it. You j
must make a start. Don’t wait until you have accumulated a
certain sum. Take a dollar to the bank and open a savings ac
count. Then persevere in your effort to make this account
grow. Save consistently. Put so much aside every week or
every two weeks or every month. Never let a given period
lapse. The bank will help you by adding compound interest
twice a year.
| FORM THE SAVINOS HABIT j
THE FIRST BANK OF CORDOVA
RESOURCES OVER ONE HALF MILLION DOLLARS
United States Depository for Postal Savings Funds.
Territorial Depository. Government Inspected.
* " ' 1 ' ———————
»■ ■' .I...
Manhattan Hotel
R. W. FERRELL, Prop.
Eleotrie Lighted. Hot Water. Turkish and Tub
Baths.
OPPOSITE CORDOVA GRILL, CORDOVA, ALASKA.
_PHONE 99
Alaskan Hotel 1
TH* HOUSE OF COMFORT #
yl
■■ —
THE BEST EQUIPPED HOTEL
IN ALASKA
BAR AND BARBER SHOP IN CONNECTION. |
Hot and Cold Water, Electric Bella, Electric
Lights, Steam Heat, Suites With Bath.
Bar in Connection i;
ROBERT QOTTSCHALK Proprltaora ART CLONINOER :§
CORDOVA, ... ALASKA |
1----:---;
and none In the eyes Is what stakes
the electric light so superior (or Bight
reading. And its brilliancy brings out
the type with the utmost dlstlnetive
nesB so that reading Is aceom pan led
by no strain on the eyes whatever.
Have you electricity in your bom«T
Cordova Power
Company
LIGHTS WATER PHONES POWER
OBc«: FIRST STREET.
I Copper River & j
Northwestern Ry. j
EFFECTIVE MAY 1, 1916.
—T*—« Train* Wankly ftatwnan /Wrinva and Chitina. ig
Foot Trains Weekly Between Chitina and Kennecott. |
Lear# Cordova, Second Street Depot, on Mondays, Tfaum- i
days and Saturdays.
Leave Chitina for Cordova 8nndays, Tuesdays and I;
Fridays. |j
Leave Chitina for Kennecott Sundays, Tuesdays, Thurs- |j
days and Fridays. 1
Leave Kennecott for Chitina Mondays, Wednesdays, |
Thursdays and Saturdays.
The above schedule subjeot to ohange without notice, i
Olnlag Car In Connoctlon With all Regular Poaaongor Train# Uo- |
Itwoon Cordova and Chitina. P
Freight received from 9 A. M. to S P. M. |j
Tickets on sale at Depot or up-town office, Alaska §=
Steamship Cbm pan y building 1
Caleb Corser -V. E. Brown 1
1 Superintendent Cordova Agent ■*
1