' CONCENTRATE ON
GOLD MING AND
MANY MINERS ARE TURNING
TO THE ONE STABLE METAL
WHICH IS GOLD
The Mining Journal of London
points out the necessity of realiz
ing the changed conditions in the
mining industry and of facing real
ities. That famous journal, now
nearing its hundreth birthday,
speaks from experience.
Continuing, it says: “The de
pression we pointed out in the base
metals which had been proceed
ing thru 1930 could not be con
jured away by such happy phrases
as that things must now take a
turn for the better, that consum
ers must be bare of stocks, or
that such a progressive community
as America, with its vast resources
and irrepressibly energetic popu
lation, was now set for recovery.
“Our own view strongly expess
ed was that it was necessary to
prepare for the inevitable contin
uation of depression in these trades
until the enormous accumulation
of stocks had been drastically re
duced, and that the best way to
do this was to leave prices to ad
just themselves to the natural
working of supply and demand
and, as this would obviously result I
in very wide closing down of mines
generally, to adopt the policy of
concentrating on the only branch
of mining interest in which no
over production need be feared,
where on the contrary, expansion
affords the best assurance of world
trade recovery—viz., gold.
“Looking around us to-day, we I
must admit that tho our conten- j
tions regarding industial conditions
are being borne out with painful
accuracy, and despite the fact that
we have found none to challenge I
; the practical conclusions reached
and most, at any rate, to give
them theoritic assent, there is
but little evidence of determina
tion to apply them, and so to at
tempt to work out our own sal
vation in accordance with the dic
tates of reason.
j “While movements to reduce
productions are inevitable the
standpoint from which they are
approached is in most cases to our
mind fundamentally wrong. The
! big combines—industrial and fin
ancial, and governmental—which
are cooperatig to decide our des
tinies seem actutated primarily
by design of sustaining prices
rather than of eliminating sur-1
plus stocks. The reduction or con
trol of stocks is, of course, a nec
essary incident, but this idea of
price maintenance has been the
guiding one in all the schemes and
negotiations and is undoubtedly
responsible for the situation be-,
coming steadily more difficult and
threatening. So long as the be
lief is prevalent that there are
great forces at work determined
to stabilize prices—with the con
comitant of such a policy, a steady
stream of ^propaganda indicating
more or less early success—produ
cers everywhere would not be hu
man if they did not strain every
nerve to avoid stopping production.
“We turn with some relief to
the other side of the mining pic
ture,” continues the Mining Jour
nal. “If the big organizations
which we have gradually come to
accept as representative of the
mining industry have shown little
disposition to apply our warnings,
there is among the rank and file
of mining operations a very per
ceptible stirring of dry bones, and
the old mining camps in many
parts of the world are showing
ever increasing evidences of renais
sance. Particularly is the case in
the once famous fields of Western
America. The Black Hills, Cripple
Creek, and all the names familiar
to an early generation, are at
tracting large numbers of fresh
adventurers. Our contemporary, the
Denver Mining Record/, speaks as
follows: “The ~ id mining boom
is gaining mom n u n and the
West will produce the metal in in
creasing amounts this year. There
is said to be greater activity in
Cripple Creek than for years past,
under conditions for mining, trans
portation and milling far more
favorable than have ever existed
previously.” This Journal further
declares that “the gold mining
boom now spreading over the
world is worrying the coterie in
Wall Street who direct the invest
ments of the nation only into the
supposedly safe stocks and bonds
of those in their charmed circle.
In Alaska gold dredging has been
started up earlier than has ever
been the case before.”
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TWO YOUNG NORWEGIAN
EXPLORERS EN ROUTE
GREEUD INTERIOR
OSLO, Norway, July 3. (/P)—Two
young Norwegians will have their
first shot at real exploration this
summer when they attempt to cross
the unknown heart of Greenland
together—and theirs is a perilous
venture.
They are Arne Hoygaard, son of
an Oslo physician, and Martin
Mehren, son of a dry goods mer
chant. Both are around 25 years
old. They left Copenhagen for
the west coast of Greenland in
the Danish ship Disko.
Hoygaard was graduated from
Oslo college in 1924 and has spent
13 months as a sailor. In 1924-25
he visited Svalbard, but returned
to school to study medicine. He
became a practicing physician only
this year.
Three years ago, in company
with two other medical students,
Hoygaard made a sled expedition
through the interior of Svalbard.
He made a similar expedition the
next summer with Mehren, using
dogs.
Hoygaard is an expert skier and
his taken part in long distance
ski races.
Mehren got a college degree in
1924, then attended business col
lege. Later he studied in England,
Germany and France.
Mehren also is an expert skier
and skilled boatman.
POTTERY JIGSAW PUZZLE
WASHINGTON, D. C., July 3. (JF)
—Pottery fragments as Intricate
as the pieces of a jigsaw puzzle
are pieced together by archaelo
gists of the United States National
Museum to learn about primitive
Indian culture history.
Bits of pottery are gathered j
from old rubbish heaps and ruinedj
houses by field workers, and as-1
sembled in the laboratories of the
museum. Missing portions are re
placed with plaster to show the
original shape.
AUSTRALIAN PROSPECTOR
MAKES BONANZA GOLD FIND
PERTH, West Australia, July 3.
(JP)—An extremely rich reef of gold
has been discovered by a prospect
or SO miles north of Kilgoorlie,
The prospector has deposited 600
ounces of gold in the Kilgore Bank
as a result of his work on his
claim. The ore is so rich that the
prospector in one morning dollied
300 ounces.
Each person in the United States
spent an average of $40 last year
for recreational travel, according
to hte Chicago Motor club.
LEAGUE OF NATIONS
LOSES FAVOR IN ITALY
ROME, July 2. (JP)—The League
of Nations is losing favor in Italy,
following an anti-fascist demon
stration at the International La
bor Office, a league subsidiary.
Italian hostility towards Geneva
has swelled considerably. Italy
has been unfavorably impressed
with the league’s failure to reduce
armament or to control narcotic
traffic.
“PUT ON THE SPOT”
CHICAGO July 2. (/P)—'The body
of a young man about 21, apparent
ly the victim of the same gang
land ride that brought death to
Dominic Latronica, 21, a hoodlum,
on June 10, was found in a prairie
on the southwest side.
Developing, printing, enlarging
and framing at SYLVIA’S.
HELPS METAL EXCHANGE
NEW YORK, July 3. (/P)—The
[Sale of two memberships on the
National Metal Exchange brought
$700 and $800, as compared with
$650 on a sale made the preceding
day.
VOLCANO IGNORES
CHITS, DECLINES
TO WHITE
WASHINGTON, D. C., July 3. (JP)
—With chants and prayers, an
ancient woman who claims to be i
a direct descendant of Madame
Pele, ancient Hawaiian goddess of
volcanoes, is camping at* the foot
of Kilauea volcano.
E. P. Leavitt, superintendent of
Hawaii National Park, reports to
the National Park Servce of the
Department of the Interior that
the woman claims she can invoke
the return of Madame Pele to
cause another spectacular erup
tion.
She invited a group of guests to
see the demonstration of her pow
ers over the volcano. About 100
persons greeted her upon her ar
rival, but so far nothing has hap- |
pened. i
SIX YEAR LEASE
Production at the Fern Mine in
the Willow Creek district, Ls to
get under way soon when a force
of 12 men will begin mining and
milling operations. T. S. McDougaiL
and ussociates recently obtained a.
six-year lease on this property, ac
cording to the Anchorage Times,
and they will increase the activity
of the mine considerably.
Pure Bred Stock
Produces all of
Seward Dairy
Milk
Seward
Dairy !
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Seward, Alaska
KODIAK, the Home of the World’s Largest Bear
World’s record bear was killed S miles from the town of Kodiak and measured
13 feet, 6 inches. THE GENUINE KODIAK BEAR (Ursus Middendorfii) ARE
ONLY FOUND ON KODIAK ISLAND. THE GREAT ALASKA BROWN BEAR
(Ursus Guyat) ARE FOUND ON THE ADJACENT MAINLAND AND PARTS
UK i HE KENA1 PENlNSUldk.
World’s record moose, with
a spread of "8*4 inches, was
taken on the Kenai Pen
i?’su!a. SliWABD is the
Gateway to the world
famous hunting grounds.
KODIAK GUIDES ASSOCIATION
Chaa. Madsen, Field Mgr.-KODIAK, ALASKA
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