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Show RIDS FOR ALASKA SHARES ROLL IN Salt Lake Has Subscribed for Generous Portion ot the New Issue. PREMIUM IS OFFERED Success of Enterprise Is a Tribute to Interests Now Behind Company. The manner In which the stock Issue of the Alaska Gold Mines COmpanj is liiig sought by both eastern and western west-ern Investors is one of the. features of the present time in mining circles u was reported over the wires yesterday that the east realizes that the subscriber sub-scriber will get much less than he has asked for ana the bids yesterdav reached 56.75 perffShare for the stock, "with the first payment of 86 paid In. This means that Hie. subscribers who cannot get all the stock they want at Sfi are willing t pay a premium of $1.75 a share for the bailie. It Is stated by one knowing local activity ac-tivity In tills matter that almost the entire en-tire Issue of the stock could be placed here In Salt Lake City, for local investors in-vestors who were fortunate enough to ride with the Interests behind the new company in the Utah Copper, Ray Consolidated, Con-solidated, Chino and Butte &. Superior companies have sent In bids for a very larce share of the issue. This fact Is considered about, the most sincere tribute trib-ute the home people could pay to D. C. Tackling; and his associates, demonstrating demonstrat-ing the following that unlversallv will attend success and well-placed confident confi-dent f. Shaving Down Allotments. It Is hard to tell just where the sub-scrlber sub-scrlber will get off with this proposition. proposi-tion. The man who wants a thousand shares m;iy have to be content with a fraction nf that number, and the greater the subscriptions the smaller the fraction, frac-tion, The Issue has been oversubscribed oversub-scribed several times, and the books will not close until August 88 Tn regard to their entoring upon the gold mining Industry, Hayden, Stone & Co recently Issued the following information: infor-mation: Comparable, in the nature of their operations, op-erations, with the great: low-grade, por-ph.vr.v por-ph.vr.v copper mines like Utah Copper and Nevada Consolidated though on a somewhat, smaller scale are the big, low-grade low-grade gold mineK. XVell managed prop-ertinc; prop-ertinc; In this trroup have proved tremendous tre-mendous suoi-eses. yet comparatively little lit-tle la. known of them bv the Investing public. Perhaps this Is because gold mining has been more abused than any other form of mining snd adantage has been taken by the unscrupulotm to float manv so-called gold mines having little or no substance, with the result that the public has been mulcted of manv minion dollars Ideal Investment. As an imestment, hnwever, there is nothing to be preferred to a large, highly high-ly developed and well conducted gold mine, as the product can alwav be sold at a fixed price Tn gold, as In copper, and for that matter all other metals it is axiomatic that only the low grade deposits de-posits are those of great magnitude and persistency These enormous deposits can be developed in millions of tons and manv cars In advanco of extraction: thus, as In the case of the low-grade porphvry coppers, assuring a long life to the enterprise en-terprise nnd making their shores hlghlv desirable a, mining Investments Perhaps one Of the best evamples of this type of gold mlnei is the Alaska Treadwell. Organized with a capita) of 15,000,000 in 18S9, previous to which it had been mined successfully for seven years under another name, this oompapv has paid over $n.000:000 jn dividends. Not on;e In the last twentv-two years has this company failed to pay a dividend, divi-dend, the amount varying all the way from to 11 per cent and averaging a little over 10 per cent Tn addition to (he operating profit, the company has had considerable miscellaneous income, which would make up, tn largo part, what would seem from this table to have been. In some years, s deficit after dividends, divi-dends, We would particularly call attention to the steady average yield of the ore and of the low cost per ton. The latter is a!' the more remarkable as. of course, the general economic conditions In Aiaaka are not as favorable as those In most of the lanre mining camps of this country. Big- Tonnage Ahead. There are compensating advantages, however, and these, with the most efficient effi-cient management, have resulted In the low cost ehown above. The management has steadily maintained a policy of extensive ex-tensive development work, for the last ten years, this item having averaged over 10,000 feet per annum. Consequently, in spite of the enormous tonnage that has been, and still Ik, being steadily extracted from the property, the ore reserves ha-e not only been maintained, but Increased from year to year, and at the present time, constitute fullv ten vears' supply sup-ply This la, of course, from an Investor s standpoint, as we have always innlste! In connection with the low-grade porphyry por-phyry mines, a matter of supreme importance, impor-tance, and to emphasize this point we submit a table showing the tonnage milled and the ore reserve at the end of each year for the lat ton years. Ore Milled. Ore Reserves. H H A a t B & Si! ft : : $ W0! 457, S0J 2 IS 3,917,589 .ni 190.' 682.893 .'.(9 :5,j::4,2ii0 2.20 1908 7.S6,.';:'r 2.2s 3,990 13S 2 ::i 1901 775,150 2 58 4,017,2S9 2.4 1905 877,170 '.'.( 8,969.404 "48 1906 888,411 2.89 5.049,792 2 H5 1907 . 702, Oi'.M j :; .1 rig" sx 9 :;- 1908 748.097 2.81 1,894,741 S 86 L909 7R.62S 2.85 7!2 2 5S 1910 711.221.; 2.95 6,899.864 2. sr. 1911 770,084 3.55 6.637.370 3.14 1911 579.180 .'.71 7.613.087 , 4f Prom May 16, 1911, to December 81, 1911. In short, such an enieiprise constitutes In gold mining, wl.Ht the Utah Copper doea lu copper, combining, as ij doet, the two essential factors of a large developed supply of raw material, with an assured earning capacity. The -haree of BUCll a proposition may vcell be regarded as among the most desirable de-sirable of high-grade manufacturing investments in-vestments The shares not only of the Alaska Treadwlll, but of the Alaska United Uni-ted and the Alaska Mexlcun, very .similar .simi-lar enterprises, are actively Quoted In the London market. All three are regular dividend payers and all command a handsome hand-some premium. Metal Market. The metal quotations for Pnday, posted post-ed by McCornclk & Co., were as follows: fol-lows: Silver, 6Jc; lead. 14.50; copoer, $17.40. Ore Shipments, The Utah Ore Sampling company on Frldsy released four cars of ore from Utah a-nd two caro from Nevada camps. |