M. J. Sullivan left today on a short
trip to Katalla.
E. Danielson, of Kennecott, is a
Cordova visitor.
Mrs. Addie Walker, of Seattle, is on
a visit to her son, Roy G. Walker.
H. C. Scudder and Kenneth C.
Coles, of the Bureau of Fisheries, are
here on an official visit.
The launch Pioneer left this morn
ing for Katalla, taking over about
ten workmen for the Chilkat Oil Co.
■ <► —
W. M. Umbenstock, of Portland,
who is interested in a cannery to the
westward is spending a few days in
town.
—v—
Geo. C. Hazelet left this morning for
Katalla, where he will spend several
days inspecting the work being done
by the Chilkat Oil Company.
C. T. Hinckly and wife, Mrs. A. E.
Golden and Miss Iris Hinckley, of
Fairbanks, arrived in Cordova this
afternoon on their wav to the states.
/ ,
General Agent Tracy has received
word that Nanimo coal has advanced
$1 per ton and Ladysmith lump $1.50
per ton, the new prices to go into ef-j
feet after the arrival of the next ship- !
ment of fuel in Cordova.
A party of tourists, who went to i
Fairbanks, via the Yukon river route, j
arrived in Cordova on today’s train,
having made the trip out from the
interior over the government trail.
Those in the party include F. C. Tom
ilson and wife, of Toronto: Mrs. R.
B. Hale, Miss Ruby Hale. D. B. Hale,
and Newton Hale, of San Francisco;
Misses Gracie and Linda Musser, of
Muscatine. Iowa: Miss Lors M. Tuck
eria, of Cleceland; Miss Jean Buck
master, of Great Falls and Mrs.
Ewart, of Los Angeles.
New line of imported laces at the
O.-T.-O. Shop. Windsor hotel. 8-tf
KENNECOTT DIVIDENDS
AMPLY JUSTIFIED
There has been some qestion of
last as to whether dividends being
paid by Kennecott Copper Corporation
are being taken from earnings. This
question was answered by the man
agement recently through a statement
that earnings for the first quarter of
the current year were more than
ajpple to cover present dividend dis
bursements. Production is running
approximately 9,000,000 pounds of cop
per a month and with costs of less
than 10c per pound, ft will be readily
seen that even at the present low mar
ket price of the metal, a dividend rate
of 25c per share quarterly is amply
justified. Although Kennecott last
year reported a deficit of $2,340,202,
it should be remembered that the
company charged off $2,287,793 for
ore depletion, net profits after de
ducting interest, depreciation and
taxes:
The recent sale of $15,000,000 7 per
cent bonds has cleared up the debts
incurred in the construction at Braden
and supplied Kennecott with working
capital of approximately $11,000,000
which should be sufficient for a con
siderable period. With the Braden
Copper Company property rapidly ap
proaching the earning stage, it can
be readily seen that the current divi
dend appears to be entirely justified,
and with the expected improvement
in the copper market, an increase
rather than a reduction in the divi
dends may be looked for.
U. S. NOT REPRESENTED
AT AERONAUTIC MEET
PARIS, July 8 (by Associated
Press).—The United States is the
only large country which has nort
promised to participate in the inter
national aeronautic meeting to be held
in connection with the Olympic
Games in Antwerp, July 17 to 31 in
clusive.
The exhibition is being arranged by
the Aero club of Belgium under the
patronage of King Albert, who has
especially requested that America
take part in the meeting. The Bel
gian Aero club also has asked that the
NC-4, the United States navy sea
plane which crossed the Atlantic, be
exhibited in Antwerp during the inter
national aero meet.
KINGSTON, Jamaica, July 8 (by As
sociated Press).—Thousands of resi-i
• •
dents of this island, the home of
Jamaica rum, have united in a protest;
to the government and legislative;
council against prohibition, state con
trol of the liquor trade or alteration
of the present licensing system.
A measure has been introduced in
the legislature by the government pro
viding for state control of the trade
after the legislative council had been
* asked to consider also the questions
of prohibition and liscensing.
Those opposed argued in a memor
ial to the government that the man
ufacture of rum, as a by-product of
sugar, had been carried on in the
island for hundreds of years and
formed a very important industry
which would be seriously affected if
prohibition were imposed. They ob
jected also to state control chiefly on
the ground of expense and risk in
volved.
FORMER RAILROAD HEAD
OPENS OFFICES IN PARIS
PARIS. July 8 (by Associated
Press).—Walker D. Hines, former
director-general of railroads has
opened offices in Paris for the pur
j pose of arbitrating the question of
river shipping under the German,
Austrian and Bulgarian treaties. Mr.
Hines was appointed arbitrator for all
this work and expects to be in Paris
several months. He is accompanied
by two secretaries and an assistant,
M. Brice Clagett.
Mr. Hines soon will call together
the delegates from the various inter
ested countries to discuss the pro
cedure of disposing of the shipping
on the Danube, Rhine, Elbe and Oder
rivers. Mr. Hines will determine un
der the German, Austrian and Bul
garian treaties, just what shipping
shall be taken from these countries
in part payment for reparation and
will also distribute the shipping
among the allied powers. <
HAPPY is the housewife who has a Florence
Oil Stove. With no wicks to trim or valves to
leak she has a sturdy stove of simple construction.
Burning kerosene oil, fuel is used only as needed—
the kitchen is kept cool and comfortable to work in.
A glance at the glass bull’s eye in this tank tells the
amount of fuel on hand. By perfect lever control,
the exact degree of heat for any baking or cooking
task is instantly obtained. Easy to r un and easy to
keep clean. Any woman, whether bride or expe
rienced housewife, can easily keep her Florence Oil
Stove ready for instant and continuous service.
Come in and see our demonstration of how this
stove will fit your kitchen needs.
FINKELSTEIN & SAPIRO_'
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Figure It Out
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The cost of clothes isn’t just the price-- |l
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it’s the price divided by the number of |
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days you wear the clothes. |
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Because our clothes wear more days for |
every dollar spent THEY COST LESS. • 1
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If you aren’t satisfied—money back fi
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THE HOME OF |
HART SCHAFFNER & MARX I
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Copyright Hart Schalaer 4 Mars