(Financial Condition
Of The |
'I FIRST BANK CORDOVA |
if At The
v. .v
jiji •:*:
Close of Business, August 7th
i! * |
I j RESOURCES:
I |! Loans and Discounts ..$86,735,26 j§
' |ij Overdrafts .!. 736.24 |i
j| Bonds, Warrants and other Securities. 30,900.00 I
:j:| Furniture and Fixtures . 2,800.00 |
|j Due from Banks. 88,270.38 I;!;
i| C^cks on other banks and other cash items_ 381,40 I
| CASH ON HAND. 43,523.60 |
TOTAL .$253,346.88 |
LIABILITIES
•x ;X
:* Capital stock pain in.$ 25,000.00 :|:j
|| Surplus fund . 1,000.00 ||
|| Undivided profits . 673.35 |$
;i|: Due to banks—deposits . 1,245.43 ?!
| Deposits . 222,305.37 g
|| Certified checks. 622.73 ||
| Contingent Fund . 2,500.00 |
TOTAL .$253,346.88 |
DIRECTORS:
S. BLUM GEO. C. HAZELET
A. E. LATHROP |
| FRED GLASBRENNER M. BROCK
Cordova Power
Company
LIGHTS, WATER, PHONES
AND POWER I
25 and 40 Watt Lamps.35c.
60 Watt Lamps.. .N.50c.
100 Watt Lamps.75c
250 Watt Lamps.$2.00
200 Watt, Gas Filled Lamps.$3.00
Office: FIRST STREET.
_ ■■■■■n iimtinnuin-T mmiiininininmn until wiHwnittumfimHttwimitwtinriitnnHf-mnmwmiTiifmHiiinirifwitiimiwmiiiiiitiHmnumiitwmtnmirinnntiiiiini.. .
575 TOWN LOTS IN CORDOVA
k Ranging in price from $50 up to $3,000, and 600
Town lots in Chitina ranging in price from $50
i1 to $1,000.
H Will sell any or all on terms to suit purchaser,
y For particulars—Call or write to
;t GEO. C. HAZELET,
| Cordova, Alaska. Trustee and Agent.
Tj
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I FLURRY
In a recent Issue of the New York
Market Review is found the following
Interesting Information as to mines
tributary to Cordova:
Kennecott Copper took the lead this
week among the Curb securities. In
the first two days of the week the
stock advanced 10 points, closing
strong on Tuesday night at $47 a share
The cause of the sudden and strong
advance was the opening- up of the
most remarkable body of copper ore
known to the mining world. Tele
graphic advices from the company's
engineers In Alaska state that In cross
cutting In the lower levels 80 feet of
ore, carying an average of 70 per cent
copper, have been opened up.
Before this discovery the Kenne
cott Copper mine had been looked
upon as the world wonder of mining
and the directors of the company had
been proceeding with the development
of the property upon a purely manu
facturing basis. While the copper
metal market was at its highest there
was a steady and sustained upswing
in Kennecot Copper. There was no
Inclination to push the price of the
security at a time when it could have
been done with very little effort. The
company preferred to let the market
take care of Itself on the showing of
the property. The report ^>f the new
discovery acted like a match to a sky
rocket.
Without considering the new find of
high-grade, the company, It Is esti
mated, will produce nearly 30,000,000
pounds of copper In the current quart
er. At a treatment cost of 5 cents a
pound and with 18-cent copper, this
would be a production amounting to
$15,000,000 annually, equal to nearly
$22 a share on the 720,000 share out
standing. With such a showing It Is
easy to figure out what the future
holds for the Kennecott Copper com
pany and its stockholders*. Report
has it that the stock will soon bye on a
divided basis and will be listed on the
New York Stock Exchange.
It Is our opinion that the present ad
vance will continue to at least $80 a
share.
Mother Lode, after nearly a fort
night of inaction, took on a new lease
of life this week and advanced to 29
cents Tt loks .is if this stock were
being handed over the bargain coun
ter at this price. The mine is most
advantageously located with regard
to Kennecott, but Its location has Its
drawbacks with regard to a market for
its output. The mine is the next door
neighbor of the wonder copper mine of
the world and has a splendid showing.
The unforrtunate part of its problem
is that the ore can be hauled out only
in the winter months when sleds are
used.
The engineers of Kennecott Copper
who have just reported so favorably
on the new showings of the Alaskan
wonder mine, were sent north to ex
amine Mother Lode, the understand
ing being that Kennecott had an op
tion of purchase on its neighbor at
60 cents a share. It was on the re
port of the engineers that Mother Lode
developed new strength, although the
nature of the report has not been made
known. Kennecott Copper can find
expedient and inexpensive means of
getting the product of Mother Lode
and it looks very favorable for their
taking over the property. Mother
Lode affords a grand speculation at
present prices. .
-:o:
PRE8BYTERIAN
ST. GEORGE’S EPISCOPAL MISSION
Red Dragon Club House
Morning Service at 11 o'clock.
Evening Service at 8 o’clock.
REV. E. P. ZIEGLER.
.. >
There will be no preaching service
at the Presbyterian church tomorrow
on account of the absence of of the
pastor. Sunday school at usual hour
and at 8 p. m. there will be vocal
duets and quartets, special organ mu
•ic and reading. Those contributing
to the evenings enjoyment are: Mrs.
McBride, Mrs. Chase, Mrs. Stratman,
j Miss Shepherd and Mrs. Hedges.
| All are welcome, come and enjoy an
j evening of song with us.
Ladles Aid will meet next Wednes-,
1 day at 2 p. m. with Mrs. McBride.
--o:
Read the Times, Daily and weekly
and send it to your friends.
THE SPORTMANS INN.
The best of hunting and brook trout
Ashing with launch and row boats
in attendance. Good meals and beds.
Rates $2.00 per day.
AT THE WALKER’S
Alaganik, Alaska.
1 k. SATO I
| Public Messenger |
Of Cordova
! . - I •' I
| All Calls Answered. |
" ■■■ ——— ■ i-L—g
____._. .,
POUND—A bunch of keys. Finder |
:an have same by calling at this office.
--O:
DOST—A bunch of keys, enclosed
n black leather holder. Finder please
•eturn to this office.
—
Meet Your
ALASKA FRIENDS
at the
Savoy Cafe
Seattle
rsn
t |
I Northern
► x
► _-_I
► For the Best Brandt of
| WINES, j
t LIQUORS !
I AND I
CIGARS |
——
[ Call at the t
POPULAR CORNER i
► First Avenue and C Street t
The
MINT
Thoa. Davit, Prop.
STRAIGHT WHISKEYS
IMPORTED WINES
KEY WE8T CIGARS
BONDED GOODS
NOTHING BUT THE BEST
FOR GENERAL TEAMING, BAGGAGE
TRANSFERRED, AUTO SERVICE
1 COAL AND WOOD
1 ALASKA TRANSFER CO. 1
I £
Cordova and Anchorage 3
UNEXCELLED WAREHOUSE FACILITIES
•X y.
For Storing and Insuring Baggage,
Mdse, and Household Goods j|
| Office—EMPRESS BUILDING, CORDOVA—Phone 85 |
| Northern Meat Market §
WHOLESALE AND RETAIL DEALERS IN
I Fresh Beef, Pork, Veal, Mutton |
| and Provisions
& _ «
» %
Particular Attention and Prompt Service Given to order* from :£
MINING CAMPS, ROADHOUSES AND
| INTERIOR POINTS
SMITH & GLASBRENNER, Props. |
Steam Heated . Centrally Located.
HOTEL NORTHERN
V. G. VANCE, Prop.
OSTRANDER BLDG. CORDOVA, ALASKA
| INSURANCE I
t FIRE, MARINE, LIFE and ACCIDENT J
£ Insure your property against fire in reli- I
t liable Insurance Companies- 5
I We represent the NIAGARA, LONDON, I
% PHOENIX, HARTFORD, NORTHERN, GLOBE t
f & RUTGERS, and others; all strong Board Com- t
t panies. , * ♦
X We also represent the Maryland Casualty I
I* Company, and issue Fidelity and Surety Bonds. t
NORTHWESTERN REALTY & TRUST COMPANY {