The Daily Alaska empire Newspaper, April 15, 1930, Page 3

'PALACE . LAST TIMES TONIGHT PHOTOPHONE Sound News Movietone Act Rich in Entertainment Value as an Old Tapestry YHE FURTHER ADVENTURES o THE THREE MUSKETEERS Our Programs — Always Good—This Week— Week—FEvery Week 10-25-50-Loges 75¢ Watch For— “Hollywood Revue” “The Bridge of San Luis Rey” Attractions At Theatres MORTON DOWNEY IS AT COLISEUM TONIGHT | Admittedly one of the most pop- ular night club entertainers in New York, Morton Downey, “Broadway’s golden-voiced tenor” who created a sensation in the melody picture, “Syncopation,” in Pathe's all dia- logue and singing picture, “Moth- er's Boy,” will be seen and heard in another Pathe talking produc- tion “Lucky In Love,” at the Coli-| .~seum tonight. Mr. Downey has the role of an I Irish stable boy in this delightful screen creation. He loves dainty Betty Lawford, and how he wins her makes highly enjoyable enter- tainment. Halliwell Hobbes, a well known English Shakespearian ac- tor, is seen as the Earl of Balkerry, and Colin Keith-Johnston, a Brit- ish player of fine ability, is cast in the villain’s role. Other stage players in the cast include J. M. Kerrigan, Mackenzie Ward, Eliza- beth Murray, Sonia Karlov and others. The production was" di- rected by Kenneth Webb under the THE DAILY ALASKA EMPIRE, TUESDAY, APRIL 15, 1930. ’supc | ducer | The scenes of the picture are laid lin Ireland and New York, and the story concerns the love romance of !a girl of the nobility and a stable lden voice. 'The sup- porting players are notable artists. vision of Robert T. Kane, pro- - K” LAST | TRON S TIMES TONIGHT, PALACE THE Douglas Fairbanks will e seen for the last times tonight at the Palace in “The Iron Mask.” Doug is again the gay and dashing | D’Artagnan of “The Three Mus- which this picture is e Iron Mask” icture which magnificent is the sort of inspires adjectives, settings, gorgeous pa- geantry, breathtaking adventure. It has everything, comedy, tragedy, drama, adventure and Doug. Last | night’s audience divided its breath | between gasps of excitement as the | story unfolded, and ohs and ahs | of appreciation of its beauty. There lis not a dull moment from the time the four musketeers ride into the French village, until they raise their swords in their final salute, One for all, all for one.” Marguerite de la Motte is a love- {1y Constance, and Dorothy Revier a perfect Milady de Winter. MAN AND BANKY | COMING TO PALACE | S e R B he story of “Two Lovers,” the | picture in which Ronald Colman |and Vilma Banky make tnoir last | co-starring appearance at the Pal- |ace Theatre soon, was selected by | Samuel Goldwyn in an internation- al contest that had 40,000 entries | More than a year ago, shortly | after Mr. Goldwyn had decided to | split his famous team of stars, he | announced that a prize of $2500 | would be paid to the film fan sug- | gesting the best idea for the final | Colman - Banky picture. Original stories were not invited; what Mr. Goldwyn wanted was the suggestion ext of a published novel or produced | | play that might make a picture big | enough for the final joint effort of (Mr. Colman and Miss Banky. | After six weeks, during which a | specially improvised scenario de- | partment worked 18 hours a day, a | story was finally selected and will 'socn be featured here. | ! Capt. L. H. Jennings, well-known pilot of Alaska waters, arrived on the Admiral Watson. After an absence of several weeks in cities on the southern tip of the Panhandle, W. D. Gross, owner of the Coliseum Theatre chain, re- turned on the Admiral Watson. | J. W. Gucker, traveling man, ar- |rived on the Admiral Watson. | G. M. Chambers, merchant of P WHO'S WHO AND WHERE | R A {ward on the Admiral Watson. With {him is Mrs. Chambers. |, After spending a few weeks in I‘Juneau. Oliver Stiles left on the Admiral Watson for Kodiak. ! A. C. Black, salesman, who ar- ;rived here Saturday, left on the { Admiral Watson on his way to the westward. Mrs. Dorothy Stroebe and child, wife and daughter of T. J. Stroebe, who is with the DuPont Powder | Company here, arrived on the Ad- | miral Rogers from California. After an absence of nearly four ymonths, during which time they visited in California and other Coast states, and made a motor trip, Mr. and Mrs. F. A. J. Gall- ywas of Douglas returned to the Channel on the Admiral Rogers. They brought with them a new | model Ford sedan. | Tim Vogel, head of the Letinkof |Cove Packing Company, is 8 north- |bound passenger aboard the Ad- | miral Rogers. ' M. S. Wilson and’' A. Van May- ern, local brokers, took passage on the Admiral Evans for Petersburg. asoldasi . t Yours aYouth-Bath / be from weather—sum: A HOUSE not more than five years old can eas- ily look five times that age, inside and out, if it is not painted regularly. And, all the while, the building, as such, is rapidly disintegrat- ing, because its ‘aces are not protected as they should mer and winter. - Both seasons are bad for houses. Prematurely old houses are seen everyw here. And what a pity. Give such houses a beauty-bath, a youth-bath. Paint is the best “face- lifter” for ugly houses. s A JUNEAU k [ I'x YOUNG HARDWARE CO. 1 aintUp — Q:'%“j Seldovia, is returning to the west-| ALASKA JUNEAU COMEBACK MADE IN SHORT TIME Mal‘V(’louS ReCOl‘d Of Lo'l cal Company Portrayed in S. F. Newspaper By HUBERT J. SOHER (San Francisco Chronicle) Alaska Juneau Gold Mining Com- pany has made one of the most remarkable come-backs of any cor- poration in the history of the min- ing industry on the Pacific slope. Its somewhat remarkable develop- ments of the past two years can very probably be traced to the in- genuity of Fred W. Bradley, presi- dent of the company, and his asso- ciates. This corporation was practically insolvent two years ago and would have been forced into receivership had not the bonds outstanding been held by friends of the com- pany who did not foreclose and have not foreclosed, when not only interest was defaulted, but princi- pal as well. In the past two years, all back interest has been paid and in addi- tion, the company has rapidly li- |quidated its funded debt out of earnings until at the present time there is but $830,000 outstanding. It is expected that the remainder of the bonds will be liquidated by the close of the year through antici- pated earnings. Alaska Juneau earned net pro- fits of 71 cents per share in 1929,| against 54 cents in 1928 and de- ficits in 1295, 1926 and 1927. A profit of 6 cents per share was earned in 1924. A deficit of $1.- /370,000 in 1927 and $588,000 in 1928 {had been changed to a surplus of $436,000 in 1929. | The book value of the company at the close of last year was ap- proximately $10.30 per share com- pared with $9.59 in 1928 and $9.02 in 1827 Company One of Largest Operating Anywhere Alaska Juneau Gold Mining Com- pany was formed in 1897 and is ORDER AND NOTICE OF PRIMARY ELECTION To the Electors of the Town of Juneau, Division No. Cne, Ter- ritory of Alaska: Notice is hereby given that pur- suant to Chapter 39, Session La Alaska, 1919, approyed May 3, 1919 a Primary Election will be held on TUESDAY, APRIL 29, 1930 |between the hours of 8 a. m. and|{ 17 oclock p. m. of said day for |the purpose of nominating candi- |dates of the various political par- !lles of Alaska for the following |offices, to-wit: | A Delegate to the U. S. House of | Representatives from Alaska. | A Territorial Treasurer of Alaska. A Territorial Commissioner of Education. A Territorial Highway Engineer A Territorial Auditor. A Terriforial Senator from the First Division of Alaska. Four members of the Alaska House of Representatives from First | Division of Alaska. Two Road Commissioners for |Road District No. 1, Territory of Alaska. The Common Council of Jureau having heretofore, by Ordinance, | | duly designated the Voting Pre- cincts of said town and the poll- | 1ing place in each thereof, the Elec- | tors are hereby notified: That all duly qualified voters re- eiding within the boundaries of Voting Precinct No. One of said| Town of Juneau which are as fol- lows: Electors living on the Northerly side of East Second | Street and West Second Street and the extension of said Second Street lacross the Tide Flats to the City limits and Easterly of Gold Creek will vote at Fire Apparatus Room, | City Hall building, located on Fourth and Main street, in and| upon lot 5 of block 7 which is| owned by City of Juneau, the same | being the duly designated polling place in and for Precinct No. One, Town of Juneau. That all duly qualified voters re- siding within the boundaries of Voting Precinct No. Two- of said Town of Juneau which are as fol- lows: Electors living on the ‘Soulherly side of East Second | Street and West Second Street and | {the extension of said Second Street | |across the Tide Flats to the City Limits, will vote at “Triangle” Building, located on Front and| Franklin street, in and upon lot 4 of block G which is owned by Nel- son and Rustgard, the same being the duly designated polling place in and for Precinct No. Two. That all duly qualificd voters re- siding within the boundaries of Voting Precinct No. Three of said Town of Juneau which are as fol- lows: Electors living on the Northerly side and Westerly side of Gold Creek and the Oil Pipe Line of the Alaska Electric Light and Power Company will vote at residence building, located on upper side Willoughby Avenue, in and upon lot — of block — which is owned by Earnest Millager, the !same being the duly designated polling place in and for Precinct No. Three, Town of Juneau. Dated this 1st day of April 1930. (Signed) The Common Council of the Town of Juneau, By H. R. SHEPARD, Clerk. LUCKY IN LOVE? Starti Tonight PATHE Frosints) Pathe #Pirtry A IT’S WHERE SOUND SOUNDS BEST COLISEUM Wester SOUND ng ALL SINGING--ALL TALK “LUCKY SYSTEM 2—BIG SHOWS—2 7:30—9:30 Starting ONCE AGAIN THE GOLDEN VOICE OF MORTON DOWNEY in (OF MOTHER’S BOY FAME) IN L arking all-song picture that will send you away happy and humming its bright airy tunes. Come—See—Hear—MORTON DOWNEY'S latest and best all singing musical picture. one of the largest gold mining companies in the world. Organ- ized under the laws of West Vir- ginia, its properties are located at Juneau, Alaska, where the com- pany holds patents for 59 claims surveyed and holdings on 4 pat- ented and 54 other claims. It holds United States Gavern- ment patents on two placer ciaims and possesses United States patents for 13 millsites. It has surveyed 11 additional sites for patents. It owns property in Juneau City, Stlver Bow Basin and Last Chance Basin and has 17 water rights of great value. It owns a railroad connecting the mill and mine. During 1928, the properties of the, Alaska Treadwell, Alaska Mexican, Alaska United Gold Mining Com- panies were acquired through ex- change of 64,000 shares of treasury stock. The acquisition gave the company a foundry, machine shop and three small hydroelectric plants. At the present time Alaska Ju- neau is mining and milling 14,000 tons of ore per day. Production in; 1929 is valued at $3410,000 in gold: against $3,142,000 in 1928, $3.228,000 in 1927 and $1,931,000 in 1926. Production in 1926 in silver is val- ued at $46,964, $45272 in 1928, $34,- 695 in 1927 and $31,268 in 1926. Lead produced and sold during the year'! brought in a revenue of $169,874 in 1929, compared with $127938 in 1928, $100,026 in 1927, and $105,518 in 1926. # Ore Recoveries Grow While * Costs Decrease iy @rotal ore recoveries in: 1929 amounted to $3,627,000 against $3,- 316,000 in 1928, $2,463,000 in 1927 and $2,067,000 in 1926. The cost of milling and mining dropped from 44 cents per ton in 1920 to 21 cents in 1926, 22 cents in 1927 and 1928 and 23 cents in 1929. Recovery of gold has increased from 50 cents per ton in value’in 1926 to 55 cents in 1927; 84 cents in 1928 and 89 cents in 1929 represent- ing the largest recovery the com- pany has experienced since 1915, Gross earnings last year Wwere $3,627,000 against $3,316,000 in 1928 and $2,463,000 in 1927. Expenses in 1929 amounted to $2,233,000 against $2,159,000 in 1928 and $2,206,000 in 1927. Interest charges were reduced from $132,000 in 1927 to $121,000 in 1928 and $113,000 in 1929. At the same time, ‘depreciation was in- creased from $189,000 in 1927 fto $198,000 in 1928 and $239,000 in 1929. 2 Net profits before depletion in 1929 amounted to $1,025,000, com- pared with $781,000 in 1928, a deficit of $151,000 in 1927 and $214,000 in 1926. Expansion of operations -of the}. company was commenced in 1928 when Alaska Juneau obtained & group of mining claims in the Stampede district and Taku River district in Alaska. New Camp Started for Taku River Operations The Stampede claims were work- ed, found unsatisfactory and op- | tions dropped, but the Taku river claims, which are jointly owned with Treadwell Yukon, are believed to be extremely valuable and vari- ous claims which are being werked are controlled from 55 to 100 per cent each. These claims are lo- cated in eight groups, number 5§. locations and are fifty miles east of Juneau. They are known .as the Manville group and were covered last May. been built on the site. Results so far obtained are high- ly satisfactory and the c A camp has is producing gold, silver and lead and some copper from them. Capitalization consists of $15,000,~ {000 in $10 par value common stock | authorized, of which $14,460,000 . is outstanding. The stock was issued | with a down payment of $250 and a final payment of $7.50 was made in May, 1915. Dividends of $55,000 were pald In 1897, but none since. It is an- ticipated, however, that the com- pany will be placed on a dividend basis shortly, after funded debt has been liquidated. The company is presently liqui- dating its first mortgage 7 per cent bond issue, which was due March 15, 1929, redeemable at 110. Un- paid interest on these bonds in 1933 amounted to $850991 and funddd debt ocutstanding approximately $1,- 494,000. | ‘At the close of 1928 funded debt was reduced $900 and interest pay- able $370,000, to a total of $482,000. During 1929 the entire unpaid in- | terest of $482,000 was liquidated and A total of $770,000 in funded debt and back interest was liquidated in 11928, and $882,000 in 1929. It is probable, therefore, that the re- maining $893,000 in funded debt |outstanding at the beginning of the year, wiil be cleared up during 1930. The sharés are listed on the New York Stock Exchange and San Prancisco Curb and ranged from 1% to 2% in 1919, 75 cents to $3 1in 1920, 50 cents to $1.75 in 1921, 25 cents to $2-in 1922; 75 cents ¥o 17% in 1923; % to $1.50 in 1924, $1 to $250 in 1925, % to $2 in 1926, $1 to $225 in 1927, $1 to $10 in 1928% 4% to 10% in 1929 and $7 to 9%, in 1030. It is presently quoted around 8. The balance sheet as of Decem- ber 31, 1929, shows total assets of $17,485,000, compared with $18,074,- 000 in 1928 and $18,269,000 in 1927. The depreciation reserve was in- creased from $1,300,000 to $1,513,000 in 1929 and current liabilities cut from $820,000 to $182,000. Current assets are $200,000 in excess of cur- rent liabilities at the present time, but showed a deficiency of $269,000 compared with current liabilities in 11928 and $805,000 in 1927 The splendid record has con- tinued in 1930, with gross of $251,- 000 in January and $255,000 in Feb- ruary and net profits of $49:250 in January and $55,900 in February. Part of the earnings in these two months were used to reduce funded debt approximately $63,000 to $830,- 000: [FEDERAL PRISONERS UNDERGO OPERATION Two Federal prisoners, one here and the other at Skagway, were forced to undergo operations to save their lives, according to an announcement made today by Unit- ed States Marshal Albert White. Ed. Matthews, confined in the local Pederal jail, was operated on by Dr. W. W. Council. William Jacobson, prisoner at Skagway, was )opented on by Dr. Dahl. Both are |resting well and, it is expected, will »ecover. e MARTHA SOCIETY DINNER The Martha Soclety will give a dinner at the Presbyterian Church [hrlon ‘Wednesday, April 16th. There will be two 'sittings; the first at 5:30 pm. and the next al 6:30 pm. Tickets, at 75 cents, may be secured from any member or Y.elepho;llng 5501. adv, Dinper Specials at Mabry’s Cafe? Have you trieq tne Five o'Clock funded debt was reduced to $893,000.| UL lllllllllIIIIIIIIllHIlIIIIlIIII"HMITI?IIIII"HIIIIIIIIIIIIlIIII!IIlIIlllllllllI|I|IIIIIIIIIHZIlll"llllIIIIIIIIIIIIIIIIlllmIHIIIIIIIIIIIIIIIllll||lI|IIIIIIIIIIIIilllIllllII“IlII R JUNEAU WOMEN’S CLUB TO MEET IN DUGOUT TONIGHT The meeting of the Juneau Wom- en’s Club tonight, scheduled for the Council Chambers at 8 o'clock, has been changed to the same hour but in the American Legion Dugout. The club oificers request that a -ull attendance of members be at the meeting tonight. ——————— GEVAERT FILMS AT ALASKA SCENIC VIEWS ady ! R T DATSON VISITS HERE Roy 8. Datson, of the Pyramid Packing Company, Incorporated, of Sitka, is a passenger aboard the Admiral Rogers enroute tothe can- nery. Mr. Datson, former resident of Juneau, is spending the day vis- iting his many friends while the steamer is in port. — s ‘Al Singer, young New York light- weight, will meet Sammy Mandell, lightweight champion, in a 15-round title test at the Yankee Stadium on July 17. ritory. such a measure. again appointive. 3. supplies for all offices. animals, and for control R T STATEMENT OF PRINCIPLES We will support a mea 2. Establish convenient airporté, of predatory animals. FOR SENATOR— Tonight ING-ALL HIT HILLARD LEAVING J. J. Hillard, temporarily on duty here with the U. 8. Customs Serv- ice, will leave on the Northwestern tomorrow for Cordova, and will be absent for ten days or two weeks. OBERG IN HOSPITAL Bert Oberg, sawmill employee, is in St. Ann’s hospital today for treatment of an injured knee, He entered 'yesterday. B Try the Five oOrex Dinner Bpecidls at Mabry'c. —adv. TR \’V.u prf)pose to do everything within our power to encourage the investment of capital in the development and utilization of the natural resources of the Ter- . We intend to do all possible to obtain such legislation as will leave the fish- eries of Alaska open only to bona fide residents of the Territory, so far as that lies within the power of the Legislature, We believe in the principle of the community property law and will support We -believe a serious error was eommitted in making the offica of the Com- missioner of Education elective since it will ineyitably bring the school system of the Territory into politics. sure to make that office We further pledgg ourselves to support measures that will: 1. Contribute to lessening the cost of administering estates of decedefits. ¢ 'Afldgquately to provide for needy Pioneers of either sex, and furnish re- lief for indigent widows and orphans. 5 4. .szovide for supervision over the expenditures of the Territorial Auditor’s office similar to that now exercised over all other Territorial offices. 5. Unify, under a board consisting of all elective officers, the purc’hfie of 6. Encourage prospectors by aiding them with transpottation. 7. Require clerical help in Territorial offices to be selected from people who have been residents of the Trritory for not less than five years. 8. Continue appropriations for re-stocking program of game and fur-bearing Wg respngtfully solicit the support of the voters of the First Division at the Republican primaries, April 29, 1930, and pledge ourselves if nominated and elected to write the above declarations into the laws of Alaska. : C. T. (TOM) GARDNER, Juneau. FOR REPRESENTATIVES— PAT GILDEA, Ketchikan. WALTER P. SCOTT, Juneau. ROY NOLAND, Juneau. lllllll"IllllllllllllllllIlllllllllllllllllllllIIllllllllllullIIllllllllllllli!llIlIIl|llllllmlllllllllmlmuu