The Cordova daily times., 1922-07-27
NEWSY LETTER
 ABOUT ALASKA
 FROM SEATTLE

ward Development Company for the development of the immense oil fields in the Cold Bay district of Alaska, according to report in the Seattle Times. The Westward Development Go. was organized last year by A. S, Kerry and Seattle and Northwest cap- italists. to act as agent of oil groups who had permits in Alaska. MT. Kerry, who is returning to make his home in Seattle, says equipment will be on the way to the Alaska oil fields within thirty days for general develop mert of the fields which are about forty miles in length. It is believed that in a short time similar cont" ~ will be signed with the Sinclair Con- solidated Oil Corporation of New York, which will bring an extensive addition to the capital available. The develop ment work already outlined will mean the expenditure of at least $2000,0 900 in the two districts for development 1 work
 Seattle is greatly interested in this development as it will be the base for the sending in of supplies and receiv- | ing the output of the developed dis tricts. MT. Kerry predicts this move ment may mean more for Alaska and Seattle than the original gold dis covery meant.
 All this activity follows the passage of the Alaska Land Act in February, 1920, after which there was a rush of nrospectors to locate oil claims. The district in question has been thor oughly examined by engineers and geo. gists of the westward company and the government. The anticlinals have divided the peninsular oil fields into the west field and the east field.
 The west field is about twenty miles | inland from Sheilakof Strait and eX- tends from Becharof Lake in south westerly direction for length of forty miles, as mentioned. The east field is, roughly, mainly inland about six miles from tidewater, with it's top near Cold Bay. It extends, also, in a southwesterly direction, for forty miles. On the west of the west field lies Ugashik lakes. Part of the east field anticlinal, runs through Skeilak- of Strait but reappears on both sides of the straight-as-a-bee-l conforma- tion.
 Over 600 applications for permits have been filed in the land office at Juneau, covering a wide field extend 1 ing from Southwestern Alaska to Ika- 1 tow along the southern coast and in the region of Point Barrow thus in dicating the immense possibilities for development.
 | Leaving Seattle August 3, on the steamship Admiral Evans, a large number of members of Nile Temple of the Mystic Shrine will visit the in- terior of Alaska where Masons eligible to membership in the Shrine will be in- itiated.
 After being idle since last fall two steamers of the Alaska Steamship Company, the Valdez and Skagway, have been recalled for service. The Valdez will sail for St. Michatl, Tel Ter, Nome and Kotzebue Sound, Au- gust 10, the only merchant ship to visit the sound this year.
 | The Hammon dredging interests of | California are reported to have raised one and one-half million dollars during the past week in Boston to finance the Nome deal to take over dredging ground and power plants, including the holdings of the Pioneer Mining | Company. The deal is consumation of the one started by Senator Frawley two years ago,
 Lieut.. Col. Seoane, now in Washing ton, advises the Seattle Chamber of Commerce that the House will con- slider an appropriation of $1,500,000 for replacement of the military cable be- tween Seattle and Sitka, at the next session. It was agreed between the Senate and House committees that if the House is favorable the bill will carry and the funds will be immedi- ately available.
 Seattle is to have a new hotel to cost $2,700,000 exclusive of the site and furnishings as a result of financ- ing completed here this week when |'4000 citizens bought the bonds, which are to draw seven per cent interest