Show ALASKA GOLD COLD MINES MIS I ORE VALUES HIGHER L UN THAN WAS EXPECTED I IThe I II I The Tho buying of Alaska Gold shares during dur dur- j dur-j InK ing the past two or three days das has emanated em em- largely from New York although h Boston houses house have had hd a good part In It Probably th the prospect of an early carly listIng listIng listing list list- ing of ot the shares on tho New ew York stock exchange had something to do with the buying More Important however from tho the stockholders' stockholders standpoint Is that In Inthe the tho development work tho the property continues continues con con- to exhibit higher ore oro values and wl wider er veins veins' than had been counted upon In original estimates Against expectations ex of ot an average ore oro I assay of per ton the tenth or Alexander Alex Alex- ander level le east e and west from the shaft In III exhibiting values alues two and throe three times this figure It is 18 generally known that on this tenth level the drift to the east of I the shaft opened up ore which ran an as bigit as 4 4 Tho The west drift Is now In feet from the shaft and the vein shows feet wide running well up to 3 per ton Construction work Is being speeded up to the limit In order that It may be completed completed completed com com- before tho the winter snows snoW set lIet In in and greater creator at attention Is la for tor the moment being boIng boIng bo- bo Ing paid to tho surface work than to the underground situation President Charles Hayden and General Manager are planning an early trip to the property Receipts Receipt and expenditures of Alaska Gold Mines company from September G 6 1912 to July 1913 were Bank balance September Septem Septem- ber C G 1912 Proceeds Proceed balance tress tress- Re ury stock at par Dar l. l Stock subscriptions Second payment of 5 3 on shares 2 Interest on deposits 1609 Total Total J Total receipts Expenditures tures Investment Alaska Gasi Gas- Gas i Mining lUning Co Stock par Bonds Bond par Total Loan to Alaska Gastineau Gas Gas- Mining Co Miscellaneous general expenses Total expenditures 1 i BaJa nc receipts Balance sheet Ri as as of July 16 IB shows cash cashen I cn en hand amounting to 62 9 Company Com Corn P pany panr held stock and bonds par value of Alaska G Mm- Mm mn In Inar company compan carried on books at at There are no liabilities outside of or 7 1 stock Since July 15 there titers haveE have j E been acquired additional bonds of or Alaska |