Valdez Daily Prospector
PUBLISHED BY THE
Prospector Publishing Co.
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Daily Prospector.
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dress, per month. 1.26
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Business Office and Editorial Rooms,
’Phone 162.
Advertising Rates on Application.
WEDNESDAY, APRIL 14, 1915.
THE SITUATION IN COPPER.
Six months ago the price for cop
per was about 11c. per lb., unsold
stocks were large, the big producers
had reduced to a lifty per cent, basis
and pessimism reigned. Not even the
most optimistic in the trade could see
anything cheerful in the outlook, and
the common idea was that if the war
should be prolonged beyond six
months nothing but disaster was to
be expected. Today we see copper
above 15c., stocks of refined copper
practically nothing and the big pro
ducers on a seventy-five per cent, ba
sis. What was the reason for the
error in the forecasts of six months
ago?
It was simply that the military re
quirements for copper were grossly
underestimated. The crisis in copper
last August was due to the sudden
loss of our principal customer—Ger
many. It was not considered that
any probable demand for military
purposes would be anywhere near
the normal German demand for peace
ful purposes. It was indeed foreseen
that Germany’s exports of copper
manufactures would be replaced by
exports from other countries to which
we should supply the copper as pre
viously we bad supplied it to Ger
many; but even allowing for that it
was considered by the big producers
to be best to shorten sail and reduce
production by about fifty per cent.
This was wise, although in looking
backward we are able to see how
mistaken was the diagnosis of all the
doctors. Yet as things were then a
maintenance of the production at the
July rate or a general curtailment
of only twenty-five per cent.* might
have precipitated the price to a level
far lower than that to which it ac
tually fell and might have led to
disasters before readjustments could
be effected.
About Nov. 1 large buying began
and has continued ever since, with
but slight interruptions. This has
not reflected any noteworthy in
crease in purely domestic consump
tion, but has been chiefly for mili
tary purposes, cakes, ingots and wire
bars being shipped directly abroad,
or else to domestic manufacturers
and thence abroad in manufactured
forms. Not long ago there appear
ed about contemporaneously a Ger
man statement that the copper con
sumption of the German army was at
the rate of about 100,000 metric tons
per annum; and a British estimate
that the Austro-German consumption
must be at the rate of 112,000 long
tons per annum. Germany and Aus
tria-Hungary are not obtaining their
copper from the outside, but the fig
ures cited are indices that the cop
per consumption of the Allies is at
least as great, and their copper is
being supplied chiefly by America.
The opinion is held in well-informed
quarters that all of these estimates
are too low rather than too high.
Besides the , buying for domestic
consumption and for foreign consump
tion, military and Industrial, there has
been some speculative buying on mar
ginned transactions anticipatory of
the ending of the war and some ad
vance buying for domestic consump
tion. Altogether the absorption of
copper during the last six months has
reduced the stocks at the disposal of
American refiners to a very small
quantity, and it is probable that there
has also been a reduction in the
stocks of blister copper. While there
are no longer statistics about these,
the statements of the refiners may
be accepted freely, inasmuch as the
advancing price and the willingness
to increase production are confirm
atory of them. Indeed, it is possible
that the curtailment of production by
fifty per cent, was carried on a lit
tle too long and that there may be
temporarily a shortage of supply
whila« the increased output of the
mines is on the road to the refineries
and while the refiners’ vats are be
ing restocked. Anyway, the situation
is so developing that the new pro
duction of Inspiration and Chuquica
niata, of which we shall begin to hear
a good deal about the middle of this
year, will be regarded with eqanirn
ity. Contributory, also, to the strength
of ine present situation is the fact
that the copper ouput of Mexico is
now reduced to a very small figure.
Engineering and Mining Journal.
WARNING AGAINST
HUSH RUSH
Chairman Edes Says Few Men Are
Needed This Season—Alaska
To Furnish Men Wanted.
WASHINGTON, April 14.—Chair
man Edes of the Alaska engineering
commission issued a warning to those
who may be inclined to go to Alas
ka to seek work on the railroad, tell
ing them that but little work is plan
ned for this season and that few will
be needed, besides which Alaska is
able to supply the majority of the
laborers wanted by the commission
for this summer’s work.
Mr. Edes insists that the rush to
Alaska is not justified and that those
who go expecting to find it an easy
matter to find work will regret it.
STEAMER MARIPOSA
NOWJN SEATTLE
SEATTLE, April 14.—The steamer
Mariposa, of the Alaska Steamship
company, reached here this morning
and; will sail north on the 18th. The
boat will have a big load of freight
and passengers for the north.
Will Move House At Wells Bay.
Gus Djarf, the house-mover, will
leave in the morning for Wells bay
to commence the work of moving the
Glendenning house from its present
location to his new property eight
miles distant. The house will be
loaded upon a scow and taken to its
new location. The launch Elvira
will tow the scow and take the nec
essary men to Wells bay, leaving to
morrow morntng.
Betting On the War.
War or no war, the sporting Eng
lishman will have his bet. Accord
ing to the London Mail (weekly) book
is now being made in the British me
tropolis on various possibilities of
the campaign, and lievly betting is
being done. The Mail says that
making book on the war “has now
become a recognized business.” The
following are given as the latest “of
ficial” prices, and it is to be noted
that Londoners are optimistic as to
the speedy ending of the war:
That the war will end before May
1, 1915 .3 to 1 against.
That the war will end before June
1, 1915 .2 to 1 against.
That the war will end before Sep
tember 1, 1915....evens.
That the war will end before Decem
ber 1, 1915.3 to 1 on.
That the war will end before March
1, 1916 .10 to 1 on.
That Germany will take Pa
ris ...25 to 1 against.
That Germany will take War
saw . evens.
Shock of Bath Kills Old Man.
MANDAN, N. P, April. 14.—Mike
Keating, aged 101, died a few days
after he had been given the first bath
he had “sustained” in over twenty
years. Physicians said they feared
the bath, changing his conditions of
life, would kill him. They had ad
vised against him bathing.
If you want all the news all the
time, read the Prospector.
WEATHER BULLETIN.
Valdez, Alaska, April 14, 1916.
STATION \bove Below, Snow to- WEATHER CONDITIONS
Donnelly . 45 Cloudy, south wind.
McCallum. 30 6 Cloudy, calm, trail good.
Paxson’s . 33 (! Cloudy, calm, trail good.
Hogan . 37 Cloudy, calm, trail soft.
Gulkana . 34 Clear, calm, trail bare.
Copper Center. 28 Clear, calm, trail bare.
Tonsina. 25 17 Cloudy, calm, trail fair.
Teikhell . 25 20 Cloudy, calm, trail fair.
Beaver Dam . 39 43 Cloudy, calm, trail soft.
Summit . 30 89 Clear, calm, trail fair.
Wortman’s . 35 24 Clear, calm, trail fair.
GERMANS GO TO
AUSTRIA'S AID
(Continued from page 1.)
sians had brought to bear upon their
positions. The Austrian commander
realized that the loss of the pass
meant the end of the Carpathian cam
paign of the German allies and there
fore his determination to hold his
ground. The loss on both sides was
terrific.
Ruussians Hold Mountain Crests.
The Russian troops now hold the
mountain crests and commanding po
sitions in the Beskid district and the
enemy are expected to fall back up
on the Hugarian plains.
Russians Through Dukla Pass
In the neighborhood of the Dukla
pass country the Russian troops have
forced their way through the passes
and have driven the Austrian-German
troops back for fifteen miles. The
fighting has been constant. The Ger
mans have sent strong reinforcements
to the Austrians in an effort to stem
the fide of victory which has set in
for the soldiers of the czar.
Austrians Hold Uszok Pass.
The Uszok pass, south of Dukla
pass, is still held by the Austrians
but (he efforts to drive them back
continue and reports from the Rus
sian commander indicate that several
of the commanding heights have been
carried by bayonet charges.
Austria Wants Italian Aid.
ROME, April 14.—It is reported
here today that the Austrian govern
ment has agreed to cede to Italy the
Adriatic provinces she so badly
craves in exchange for active aid in
the war now in progress. Austria is
willing to grant all Italian demands
provided Italy will return to the Trip
le Alliance and join in the conflict
as an ally of the Germanic powers.
The news has only tended to inflame
the people, who insist that Italy can
secure the provinces In dispute better
as an ally of France and England
than as an ally of Germany and Aus
tria.
Say Turks Plan Sea Raid
LONDON, April 14.—The Reuter
correspondent at Sofia sends the fol
lowing dispatch: "According to news
from Constantinople, the cruiser Goe
ben has been repaired and is again
fit for service. The Ministry of War,
it is stated, decided on a great raid
with the entire Turkish fleet into
the Black sea, with the object of
seeking and engaging the Russian
fleet. The Ministry of War has learn
ed that the Anglo-French fleet will
be reinforced by ten strong units to
replace the battleships sunk or dis
abled. A fresh attack on the Dar
danelles was expcteed today.”
NOON’S LIEN LAW
IS NOW A LAW
JUNEAU, April 14.—Governor
Strong today signed the Noon labor
lein law, which extends the time of
filing a lein against property from
thirty days to sixty days, and in some
cases ninety days.
The Orpneum Toright
At the Orpheum tonight.
The Animated Weekly.
“The End of the Feud.
"The Cycle of Adversity.”
Free matinee Saturday afternoon at
2 p. m.
LOCAL BREVITIES.
G. O. Reinke, the watchmaker and
jeweler, Is at the Valdez Drug Co.
All work guaranteed.
Chas. Whalen has moved into his
new cabin on Paradise alley.
Animated Weekly and change of
pictures tonight at the Orpheum.
The launch Elvira arrived today
from down the sound.
Hans Abramson left this morning
for out the trail.
Jeff Devinney is in town from
Shoup bay.
Joe Bush arrived in town today
from Shoup bay.
“The End of the Feud” at the Or
pheum tonight.
E. Anderson left for Cordova on the
Alameda.
_
Albert Benson, H. Steinfeldt, Geo.
Brown and H. Christerson left to
work for the road commission at
Chltlna.
If you want all tn« news all the
time read the Daily Prespeeter.
You Will Find at Our Store the Best MEDIUM
PRICED Line of Clothes on the Market. ' *
The STYLE PLUS LINE Which
Sells (or
You pay us no more
than you would ^
pay in New York^^
\
Chicago or Seattle.
The same clothes,
the same price
►
right here
in Valdez.
If we cannot suit you with STYLE PLUS Clothes perhaps a suit made by
HART SCHAFFNER & MARX might appeal to you. We are the SOLE
AGENTS in Valdez for these high class clothes, famous all over the world
for STYLE, FIT and WEAR. We have a complete up to date stock of
them in prices from $20.00 up.
We also carry suits for
$12.50 and $15.00.
If you are in need of a suit we feel sure we can please you.
GROCERIES
We are still selling groceries at cut prices, the
same as advertised last week.
LOW PRICES FRESH GOODS
and plenty of them.
s. BLUM & co.
GOOD GOODS
Gunners’ Patron Saint.
Why was St. Barbara chosen to be
the patron saint of all gunners? It is
one of those things which are to be
known and which one ought to know,
but does not. Meanwhile there Is the
fact that she does Intercede for all gun
ners by land or sea.
In the old French navy the Ste.
Barbc was the gun room, and the name
may be found with that meaning at
tached to It In all dictionaries. More
over, In France she is the saint not only
of gunnel’s, but of all tire brigades.
The sapeurs pompiers hold tbclr holi
day on the day of her feast.-Westmin
ster Gazette.
Where He Learned Juggling.
Bankln—Do you know Professor Tos
heniup, the great juggler?
Pliyle— I should say so. We were
raised together.
• How in the world did tic ever learn
all of those wonderful stunts?”
“Be started to earn his living as a
photographer, and lie learned all of
those tricks while trying to amuse the
hahies whose pictures lie took.”—
Youngstown Telegram.
TIDE TABLES PORT OF VALDEZ.
Compiled from the official tide ta
bles issued by the Coast and Geodet
ic Survey. The time for high and
low water is for the Port of Valdes
and is Valdes time. Immediately fol
lowing the t'me of high and low wa
ter is given the height of the tide
in feet and tenths:
Wednesday, April 14.
High tide 12:83 p. m„ 8.2.
Low tide 6:20 a. m.t -0.5; 6:12 p.
m., 1.5.
Thursday, April 15.
High tide 12:16 a. m., 12.5; 1:07 p.
m., 10.9.
Low tide 6:40 p. m., -0.7; 6:38 p.
m„ 1.8.
Friday, April 16.
High tide 12:41 a. m., 12.5; 1:41 p.
m.. 10.6.
Low tide 7:20 p. m., -0.8; 7:04 p.
m., 2.2.
DONALDSON SCHEDULE.
Leaves Fort Liscum. Leaves Valdea
8:16 a. m. 9:46 a. m.
1:16 p. m. 4:00 p. m.
TUESDAYS
8:15 a. m. 9:45 a. tn.
1:16 p. in. 2:00 p. m.
4:30 p. m. 5:00 p. m.
SATURDAYS
1:16 p. m. 4:00 p. m.
7:00 p. m. 10:30 p. m.
There will be no trips of the launch
on the secotd and fourth Fridays of
each month, these days being used
to clean boll >rs.
Copper River Lumber Co., Inc.
ALL KINDS OP
Native and f f TH/IDCD and Bui,din«
Puget Sound JL U lVlJjIlIX Material
CONSTANTLY ON HAND
Prices Right W. M. FINICAL, Mgr. Phone 18
Patronize a Home Industry
ALASKA
STEAMSHIP CO.
S. S. Mariposa, S. S. Alameda and S. S. Northwestern
sail from Seattle the 6th, 12th, 18th, 24th and 30th
EVERY MONTH
From Valdez south—7th, 13th, 19th, 25th and 31th for Cor
dova, Skagway, Juneau, WrongaU, Ketchikan and Seattle.
Regular freight service for Ketchikan. Wrangell. Juneau. Sheep creek Treadwell,
Douglas Skagway, Cordova. Ellamar, Valdez and Latouohe. Explosives. S S Seward.
S S Seward. 5th* S S Latouohe. 15th: S S Cordova. 25th of each month—Right re
served to change this schedule without notice.
F B. Tracy, Gen’l£Agt- Valdea Dock’.Co., Local Agt
| BOTTUP IN BOND |
FULL
QUART
■ 11 ■ 1111 B| I ^B I 1 fl 12111951 A'flrl I
r.r > rrr—r—
Has Had no Peers for Fifty Years
__SOLD BY ALL DEALKRS