The Alaska daily empire., 1915-12-23
BEARS LOSE IN
 FIGHT ON STOCK
 OF ALASKA GOLD

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 News comes from tho East that the bear campaign against Alaska Gold stock has ceased-at least that 1t has been driven to cover by confident buyers who are familiar with the property.
 The Boston News Bureau. edited and owned by c. W Barron, who is also proprietor of the Wall Street Journal and the Philadelphia News Bureau. three of the leading financial Journals of the country, contains the following concerning Alaska Gold Mines company and the recent bear campaign against It's stock in It's is- sue of December IS:
 Those who know most about the affairs of the Alaska Gold Mines Go. profess to be undisturbed by tue re- cent slump In the price of the shares beyond a feeling of disappointment that some innocent stockholders may have become needlessly frightened to the point of losing all faith in the en- terprise.
 "That there has been an organized bear campaign in the stock from over $30 per share down to the recent low price of 21A is generally conceded. It is also understood that these bears have now covered their shorts at O very nice profit and are advising the purchase of the stock.
 "Of course any decline which cuts the market price of an investment in halves does not add to one's peace of mind. Some had even expected that once the stock touched 40 it would indefinitely remain there.
 'In addition to other disconcerting events 1t seems that the Alaska Gold stockholders were recently circulariz ed by the promoters of an unknown gold mining venture. They were strongly advised to sell their Alaska shares and invest the proceeds in the new proposition. We have heard that in connection with this campaign somebody may have been using the United States malls fraudulently and that the matter will be Investigated by the postofice authorities.
 "Ohiclals of the Alaska Gold Co., state that there .s absolutely no mys- tery about the property under ground or above ground. Any one can visit the mine and the mill and talk freely with the officials at all times. There is nothing to conceal. 1t Is to be ex- pected, they say. as was the case In the development of the copper prop critics under the same management, that low.grade ores should now and then be encountered at points where higher assays were expected, Co say nothing of lnnumerable operating problems which arise in the develop ment of O big property and which must be fought out one by one.
 Tt Is true that Alaska Gold will not be able to mine and treat 10000 tons of $l.50 net ore as soon as was ex- pected. and in pushing up the tonnage to 5000 tons daily 1t has been neces- sary in the orderly and systematic development of underground stoping areas to include a lot of low grade ma terlal. This has brought down the av- craze recovery at times to under $1 per ton.
 "The suggestion has been made, however. that # stockholders are too impatient to await the consummation of the far.reaching plans of the man. agement which night necessitate at the start the inclusion of quite ton mage of lowgrade stuff along with the high grade ores, they might be better satisfied if the management confined Itself to the daily treatment of say 4O00 tons of $1.50 ore. This can be done without difficulty.
 Some silly stories have been put afloat, anonymously. of course. that the Alaska plant was failure and that the entire milling process would have to be revised, etc, etc. If there is any one phase of the company's af- fairs abou. which there Is the most enthusiastic satisfaction it Is the mill Ing end This mill has far exceeded expectations both as to lower costs and higher recoveries than had been originally estimated.
 Tt Is pointed out that the best en- gineers and mining experts of the country have put the stamp of the,r approval on the Alaska Gold mine. Messrs. Bradley. Mackenzie and Re- qua of the Alaslca-Juneau, which ad joins and will mine a continuation of Alaska Colds ore bodies. have given it their O. K. The same approval has been given by Messrs. Leon and Jen- nings of the United States Smelling Co.,, to say nothing of Messrs. Jack ling and Holden. Some of the larg est holders declare they are quite as willing to follow these men as the Waldorf bears"
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