The Daily Alaska empire., 1930-04-15

one of the largest gold mlnlng companies in the world. Organ ized under the laws of West Vlr- ginia, it's properties are located at Juneau, Alaska, where the com pany holds patents for 59 claims as surveyed and holdings on 4 pat ented and 54 other claims.
 It holds United States Govern ment patents on two placer claims and possesses United States patents for 13 millsites. It has surveyed Il additional sites for patents.
 It owns property in Juneau City, Silver Bow Basin and Last Chance Basin and has IT 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,Ooo 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 140oO tons of ore per day. Production in 1929 is valued at $3,410,000 in gold against $3,142,000 in 1928, $3,228,00O in 1927 and $1 ,s3l 900 in 1926.
 Production in 1926 in silver is val ued at $46 6,964, $45,272 in 1928, $34,- 695 in 1927 and $31 ,268 in 1926. Lead produced and sold during the year brought in revenue of $l69,874 in 1929, compared with $127 9S8 in 1928, $lO0,026 in 1927, and $l0S,5l6 in 1926.
 Ore Recoverles Grow While
 Costs Decrease
 1Total ore recoveries in 1923 amounted to $3,627 900 against $3,- 316 900 in 1928, $2,463, ,OO0 in 1927 and $2,O67 ,O0O in 1926.
 The cost of milling and mining dropped from A cents per ton in 1920 to 21 cents in 1926, p 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 were s3 ,627 900 against $3,316,000 in 1928 and $2, ,463 ,O00 in 1927. Expenses in 1929 amounted to $2,233,000 against s2 ,159 ,0OO in 1928 and $2206,oOO Tn 1927.
 Interest charges were reduced from s132 ,O0o in 1927 to $121 900 in 1928 and $113,OOO in 1929. At the same time, depreciation was in- creased from $189, 900 in 1927 to Sl98 ,oOO in 1928 and $239iooO in 1929
 Net profits before depletion III 1929 amounted to $1 ,025, 900, com pared with $781 ,00O in 1928, a deficit of $151 900 in 1927 and $2l4OOO III 1926.
 Expansion of operations of the company was commenced in lszs when Alaska Juneau obtained 3 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 rivei claims, which are jointly owned with Treadwell Yukon, are believed to be extremely valuable and Varl- ous claims which are being workec are controlled from 55 to 100 pel cent each. These claims are, lo' cated in eight groups, number ? locations and are fifty miles eas' of Juneau. They are known ka' the Manville group and were 'dis' covered last May. A camp ha' been built on the site.
 Results so far obtained are hign' fly satisfactory and the cornpan.