The Daily Alaska empire Newspaper, April 2, 1947, Page 3

WEDNESDAY, APRIL 2, 1947 e e e vt e enberg’s bat produced last year The feeling has becomz wide- spread that the Tiger bosses made a big mistake when they peddled Hank to Pittsburgh. Several Detroit pitchers are said to be unhappy about t(he d The American League finish should look about like this: 1, Bos- ton; 2, Detroit; 3, New York; 4 Washington; 5, Cleveland; 6. Chi- caro; 7, St. Louis; and 8, Philadel- " phia. PICKED FOR | By GAYLE TAL3OT TAMPA, Fla., April 2.—i®P -Bar- ring a terrific upset, the Red Sox will be right back World Series next fall, 2 venge for the humiliating job done on them by the Cardinals in the 46 play-off. Joe Cronin's American League champs lock big and tough and men- acing, both at the plate and on the pitching mound. They might not re- peat last year's feat of winning 104 games, but it will be a remarkable thing if any club presses them se- riously down the st 3 For a time this spring many ob- servers were “high” on the Detroit Tigers, recalling the late spectacular drive which propelled them into cnd place by a five-game m over the Yanke2s. More recently, though the wonder has grown as to what Tiger, or Figers, might knock across the 127 ri that Hank . HOSPITAL NOTES St. Ann's Hospital admitted Mar- lene Chon, Mancel Hawkins and Thomas Young for medical atten- tion yesterda Mrs. Robert crday w itted, and at 1:47 p. m. gave birt to a six pound and 15 ounce babky boy. Diccharged were Frank Hungeriord, and R. K. Lizer. Government Hospital admitted no new patients, discharged’ Mrs. Eliz- abeth Fred and baby girl, and Peter Dick of Angoon; Donald Martin, Ida Sue Prckopioff and Dorothy Wright of Juneau > o - When you pay ior QUALITY why not get the FINEST — Buy FLORSHEIM SHOES at GRAVES. adv. 532-tf Mrs. Homer Milton Furness East- THE DAILY ALASKA EMP IRE—JUNEAU, ALASKA Team Seattle San Fran. Batteries R 000 000 001— 1 300 242 00x—11 Team R Portland 102 €03 000— 6 L. A 201 103 10x— 8 Batteries—Salveson, Mosser (8) Osborn (6) Team Cakland n Diego 000 120 020 01—6 Batterivs Jassaway, Speer (9 and Dumler ( Team Ebllywood Sacramento Batteries— D cher GETS START ON TUESDAY All Home Teams Win Op- ening Games - Turn- stiles in Fast Click By BILL BECKE: (& Spor..wricer) and Ballinger; 9) 010 500 200— 3 001 100 3 6 Krakaushkus, and Unser, Sheeley (8); and Fit With the first page torn off the Pacific Coast League's 1947 calen- dar, twc things appear2d certain today: (1) ®he defending cham- pion San Francisco Seals are go- ing to be tough to beat; and (2) the PCL turnstiles will click at a fast clip STANDING ‘OF CLUBS Coast League San Francisco 1 |Los Angeles 1 San Diego Sacramento 1 | cakland The opened the season. portland with a hammering 11-1 win over| gsattle tl Seattle Rainiers before lno‘}{c]]}wu day’s biggest crowd of 12,038 | Attendance at the other three in- augurals brought the first day total( to 39408 — a good start on the| 4,000,000-customer gate forecast by ' league president Clarence Rowland.! Despite rain threats, patrons totaled 10,634 at Sacramento, where Gov. The Soroptimist Earl Warren threw the first ball; tomorrow noon ior 9,648 at San Dicgo;, and 7,088 at|luncheon and business Los Angeles. Seals D SOROPTIMISTS their H Mooty 0 ~Yelovic (1), Jonas () | and Sueme; Joyce and Ogrodowski. H L 1 1 M, Lynn, Memo Llane Klein (7) and Malone. R- H E 002 000 012 C0—5 13 4 1 Buxton Raimondi; and Rice. R H E 1 3 Caster A Flet- 133, New ( 1.000 1.000 1 ; ngfl Ritchie Mendoza, 1.000 000 000 .000 003 MEET TOMORROW Club will meet regular session in the | Bubble Room Terrace of the Baran- | And. as.a fitting reward perhaps | of Hotel, Miss Lee Ellenwood, pres- for the turnouts, all the teams won. ‘The short home | ident, has announced. - NEW YORK LIFE INSURANCE COMPANY A Brief Review of the 102nd Annual Statement to its Policyholders Payments to Policyholders and Beneficiaries aggregated $189,794,091 in 1946. Of this amount, living policyhnfid(’rs received $110,293,027 and the beneficiaries of 19,782 policy- holders who died received $79.501,064. Life Insurance in Force at the end of 1946, under 3,561,355 policies, totalled $8,543,308,415, the largest amount in the Company’s history. The gain in insurance in force last year, amounting to $564,115,313, was greater than in any previous year. Sales of New Life Insurance during 1946 totalled $832,484,000. The increase over.the previous year was $268,303.900, or 47.5 per cent. * Assets, held for the protection of the Company’s life insurance and annuity contracts and to meet other obliga- tions, totalled $4,026,689,280 at the end of 1946. The assets exceeded the Company’s reserves and -other lia- bilities by $231,038,632, which amount constitutes the Company’s Surplus Funds held for general contingenci % Holdings of Bonds at the close of 1946 aggregated $3,317,261,757, or 82 per cent of total assets. Of these bonds, United States Government obligations comprised 61 per cent of total assets; public utility bonds, 9 per cent; railroad bonds, 5 per cent; Canadian bonds, 2 per cent; municipal bonds, 1 per cent, and industrial and miscellancous bonds, 4 per cent. Holdings of preferred and guaranteed stocks amounted to 2 per cent of total assets. P Increased Corporate Investments in 1946 reflected the growing demand for funds by private indus During the second half of the year, the Company’s holdings of investments in corporate securities increased $118,521,671. STATEMENT ~ Holdings of First Mortgages on Real Estate were valued at $335,772,452 at the end of the year. There were 26,980 mortgage loans on residences for amounts of less than 810,000, aggregating $107,164,200. During 1946 the Com- pany made 3,445 new mortgage loans aggregating $46,785,930. Of these, 1,721 were mortgage loans to veterans amounting to $12,009,039. At the beginning of 1947, the Company had mortgage loan engagements in excess of $41,000,000 which it expects to consummate during the current year. % Rental Housing provided a new medium for the invest- ment of the Company’s funds. Two developments were started in 1946: Stanworth, at Princeton, New Jersey, with 150 apartments, and Fresh Meadows, at Queens, Long Island, New York, with about 3,000 apartments and also shopping and other facilities for a community of some 10,000 people. L Reserves against the Company’s Contractual Obliga- tions were furtherstrengthened at theend of 1946, Allof these reserves are now computed on an interest basis of 226 per cent or lower. This action has been taken to protect the interests of the Company’s policyholders in view of the continued low yields from the highest quality of investments. % ox S The Provision for 1947 Dividends is $41,730,229 as‘ compared with $38,895,341 for 1946. The New York Life is a mutual company paying dividends to policyholders only. % To Serve Policyholders and the Public, the Company‘ maintains 126 Branch Offices in principal cities and a sales organization of over 5,600 agents throughout the United States and Canada, = President OF CONDITION Deccember 31, 1916 Cash on hand or in banks Bonds: United States Government Obli tion: . Canadian. Municipal . . Railroad. , Public Utility . Industrial and Miscellaneous. Stocks, preferred and guaranteed 5 97,411,289 First Mortgages on Real Estate. ... .Y 335,772,452 Real Estate: } Properties for Company use. Foreclosed Properties, including $562,267 under Contract of Sale. . Rental Housing and Business Properties Policy Loans. . Interest and Rents due and accrued Deferred and uncollected Premiums (net). Other Assets. 2,786,018 33,438,208 205,125,039 358,932,660 159,821,110 3,317,261,75 $10,918,406 6,866,082 2,814,741 5,030,253 156,631,001 22,133,885 34,576,950 1,708,434 26,689,280 Of the Securities listed in the above statement, Securitics valued at 5,956,371 arc deposited with Governments and States as required by law. o 5 s LIABILITIES $ 38,312,771 . Reserve for Insurance and Annuity Contracts: sazsiau| 386,504,020 (0 553,288,639 Computed at 234% interest. . . Computed at 2159, interest...... Q(' Computed at 29 interest. .. .. Reserve for future payments under Supplementary 338,809,169 Q Reserve for Dividends left with the Company..... - 196,523,634 . Provision for 1947 Dividends to policyholders..... “% 41,730,229 sy 36,187,751 Policy Claims in course of settlement and provision for claims not reported........... Reserve for Premiums paid in advance. . . .. 14,187,664 5,548,439 7,065,627 - 3,452,953 $3,795,650,648 231,038,632 $4,026,689,280 Reserve for other Insurance Liabilities..........« ¢ Provision for Taxes....... Zad Miscellaneous Liabilities. ..... TOTAL LIABILITIES Surplus Funds held for general contingencies. ... .. A \ " The Company started business on April 12, 1845. It has always been mutual and is incorporated under the laws of the State of New York. The Statement of Condition shown above is in accordance with the Annual Statement filed with the New York State Insurance Department. Sell it with an Empire Want-ad! N & A more complete report will gladly be sent upon request. , In addition to further details on the Company’s operations during 1946, it discusses a number of recent developments believed to be of particular interest to policyholders. These include the Company’s entrance into the housing field, the welcome return of hundreds of veterans to the New} York Life organization, the serious ! rising trend of fatal automobile accidents, and a few examples {roma the many thousands of actual cases ' during the past year showing how life insurance serves human needs. A copy may be obtained by writing to the New York Life Insurance Company, 51 Madison Avenue, New York 10, New York. T E 0 FIGHT !30?{ | | Here are results of fights pulled | off last night t At San Jose, Calif.—Bobby Me- | Millan, 147, Cleveland, cutpeinted | 143, of Los Angeles, 10. | At Kansas City, Kas—Teny Zale, | Ind, TKO. Al Tim- | Cleveland, 5. (Non-titl). | New York (Park Arena)—Steve | nted Randy | Vernon, N. Y., 8 Arthur King, 1201, | 0. Joey Dolan, 124, At " “Torcnt Spokar At 1 Maxie Docusen, | ans, outpointed Sam- my Sanc 3 At Seatt} cago, TK O | calif., At Christ , 201, Chi- Al Ware, 218, Oakland, Calif an Franc 129, Los Bud , and Angeles, drew, 10 -+ (@ 8 o e L o s e c v e ° . . . TiDE TABLE . . . | ! April 3 | ):35 a. m; 16.5 feet ® 13 feet ® 17.1 feet @ -12 feet @ High tide, ( Low tide, High tide, Low tide, 31 a. m.; 40 p. m. 8:52 p. m ® o s 0 00 0 0 0 @ - Read the want-aus for bargains! ; v OF FOR PATENT i Serial No. 03406 PUBLICA ITON n Inited States Land Office for the Juneau Land District at Anchorae. Alaska. Tn the Matter of the Aprli-ation of HIRST - CHICHAGOF MIN- COMPANY, a corporation ganized under the laws cf the ate of Washington, for patent the ELSINOR, SHAFFER, BERTHA, FRIES, TRINAD. BER- NARD, SHOLIN and RHEA 1" de mining claims and the BERTHA MILLSITE, embraced in U. S Mineral Si ey No. 1502 A and B, 1 the Sitka M'ning ard v Dis t. First Division t n Island, ond forming cne centinguous group. OTICE IS HEREBY GIVEN that Hirst-Chichagof Mining Com- tien 1 under AFPLICATION ARG 3 filed its ca - 1 m1 the United States Land Of- Alaska, for a t for the BERTHA MILLSITE Mineral Sur- 02 B. rituated Anchorage sion, Sitka Min ing District and mcie particularly described as follows Berinaning at Cor. No. 1, whence U. 8. M. M. No. 1002 bears N DARNELL'S Fishing ... * Fly Rods ® Salmon R ¢ Reels ® Lines ® Plugs ® Tackle Boxes Clothing . . . (Outdoor) ® Jackets Pants Shirts Slickers Underwear Hats Foolwear . . . Sport Boots Fishing Boots Rubber Pacs * Shoe Pacs ® Shoes ® Socks ® Shot Guns ® Rifles e, Air Rifles Pistols Ammunition Gun Cases Holsters Camping . . . * Tents ® Camp Stoves ® Camp Axes ® Packbuards ® Sleeping Bags * Cots Athletic . . . (equipment) * Baseball ® Tennis ® Badminton ® Archery You'll find your favorite sports supplies at . DARNELL'S sy SPORT CENTER | ia |bears North 7 PAGE ' A T N (L e REL N 73" 38 E 217.20 ft. to Cor. No. 46° 38’ 40” W 1896.98 ft.; thence , i 2; thence N | 52° 35" E 6710 ft. to Cor. No. 3; thense § 12° 12 E 34050 ft to Cor. Ne. 4; thence S 70° 077 W 336.00 ft. to Cor. No. 5: < ' thence N 167 40° W 28700 ft. to )Pomflg Cor. No. 6; thence N 42° 39’ E 540 ft. to Cor. No. 1, the place Goods of beginning, containing 2569 S e acres; the same being owned and used by applicant as a millsite in connection with the working of the Bertha Lede claim, this survey. United States Mineral Monument No. 1502, to which this survey is tied, | is marked by a cross (X) on an ex- | posed outerop of bedrock on tap prominent peint six feet above the line of mean high tide on the North shore of Kimshan Cove, in | Latitude 57° 41’ 20” North, Longi- tude 136° 03 45” West, chiseled U S. M. M. No. 1502, from which a (X) on a cliff face six feet| h, chiseled U. S. M. M. 1502 B. O. 18’ East 23.70 fect, and the summit of Doolth Mountain | Iverything in Eaae e AT CALLING ALL DEMOCRATS | * Jefferson Bay BDinner Baranef Hotel Rgril 5, 1947 TP. M. Gold Room Observing the 204ih Birihday Anniversary of Thomas Jef- ferson, Third President of the Unifed States $5 per plate ' bears Scuth 13- 30’ East. These claims are located upnn: ground unsurveyed except in Min- eral Survey No. 1502 A and B, and, extend from the mean high tide line of Kimshan Cov2 to the submit of | the ridge between Kimshan Cove and Klag Bay, at a maximum eleva- tion of 1770 feet, in approximate Latitude 57 41° Notrh, Longiture 136 07" West. The names of adjoining claims are | as follows: Sunday Queen Lode, un- | surveyed, Divide Lode, this survey, Frances. R. Lode, this survey, and Kay Lode, this survey, but none of the same are included in this appli- cation, The Sunday Queen Lode claim, * with which a conflict is mentioned herein, is an unpatented claim own- cd by applicant. T Q T ), 4 ‘The total area embraced in the W UL onlil Gl above claims and claimed by the [ licant is 2,569 acres. AL 1l persous claimi 1 ny of the above describec veins. lodes cr premiscs are regiice: to file notice of their advarse claims with the Resister cf the United tate mnd_Office at Anchor tlaska, within the pericd of ! vithin eight (8) month thereafter, or they will be burve hy virtne cf the provisions of the BARANOF MBERS of ARTY (I iEORGE A, L1 ) 1. May 14, 1947. & davie Cost Service ARNOLT Sea-7ite NARINE ENCINE Weighs only 198 Ibs. . . . piston s- placement only 61 cubic inches develops 20 H.P. at only 2800 RP.MJ Performs smoothly et high speeds or low spewds on fishing boxs, auxiliary aaft, and small rencbouts. Motor Rebuild and Ifarine Service _ 1012 West 10th St. Phone 863 | i ASHEP CORP. {a P MOTGR REBUILD and MARINE SERVICE flackine Werk — Welding ENGINE REGUILDING—HARDWARE 1012 West 10th Strect PHONE 862 Custodian of confidence... born of a thorough knowledge of the Territory - RLASKA RIRLINES. Baranoi Holei & Phoue 587