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Show ALASKA GOLD IS BEING DEVELOPED That progress being made in devel opinK the Alaska Gold Mines proper ties Is satisfactory, that t1? company Is far ahead of Its schedule, and th.it barring any unforeseen delays the big mill will be In shape to handle some gold ores before the close of 1914, i ),. nood news released yesterday bv General Manager I C. Jaekllng, who has been on one of hla regular visits of inspection t the mines in question. , Mr Jaekllng stated that the long 9hei p I rock tunnel. hich it was Intended In-tended to have completed by the middle mid-dle of niL will be completed shortly after the first of next January, should the present progress be maintained as Is anticipated. Ml? means that this long tunnel. 9000 feet n length from ihe portal to its connection with the main vertical shaft should be In finished form six d10"',1 earlier than had been thought po ble Iu the main shaft, the work of eu-.rlng eu-.rlng and retlmbcrlng Is finished from the Alexander level to the uur- fac and the shaft is in readiness for I the application of the shaft equipment equip-ment Within sixty days the management manage-ment will extend this working from the Alexander to the new or Sheep Creek tunnel levels, the bottom to be 1700 feet vertically from the surface Will Connect Soon. An interesting item of development work is the drift on the Alexander level lev-el towards the new tunnel heading, and in November these two drifts will be near enough together to admit of connections by way of one of the many development raises which will be driven The importance of this connection between the Sheep Creek tunnel and the Alexander level la in the fact that during the coming winter1 months the management will be able to transport all its supplies In this manner, thereby removing any delays or difficulties from the deep snow3 which would Interfere were the old workings to be used Thi3 indicates an Interesting phase of the Alaska proposition. Mr Jack-ling Jack-ling Bays that many people do not appreciate the fact that the Sheep Creek tunnels and transportation sys tem, as well as the mill and other buildings, are below the anow zone, and year-round operations will be pos slble without any Interference from that source, It Is merely a matter of elevation. It ha6 been expected by the Alaska officials that two-thirds of the Salmon Creek Power dam work would he completed before the close of the pres ent year, and now the management haB reason to believe that the whole dam can be finished before the tur;i of the season This is a concrete dam 165 feet in height and 400 feet long at the top, constituting it when completed one of the big dams of the western country The preliminary designs for the various va-rious mill buildings are sufficiently well enough In hand to allow a pretty pret-ty comprehensive idea being drawn as to their character, and Mr. .Tack ling believes that the actual laying f foundations will be undertaken successfully suc-cessfully in sixty days' time. Butte &. Superior. When asked regarding the Butte & .Superior mine and mill. Mr. .Tackling said that there has been enough information in-formation released during recent i weeks to keep shareholders well ad J vised. He could say. however, that the plant is fulfilling every' expecta- j lion In every way. The recovery has , been 90 per cent and sometimes high- I er than this For a couple of weeks the plant was In some confusion as a result of getting the second section limbered up and of making the modifications modi-fications whereby both sections could i be tied together and made to operate in perfect unison This condition, however. Interfered with handling tho proper tonnage rather than with the metallurgical side of the plant. Both sections are now operating and within with-in a few days they wll ho doing their best continuous work as to tonnage, recovery and production Earnings with the Butte & Superior company, Mr Jaekllng pointed out, naturally depend materially upon the spelter market, but with spelter where it now is the company is making substantial sub-stantial and very satisfactory earnings. earn-ings. Eiuring his visit to the coast. Mr Jaekllng was made a member of the board of directors of the General Petroleum Pe-troleum company, and a member of the executive committee representing some eastern friends and associates who have Invested in the company This company is now producing at the rate of 400,000 barrels of oil a month, and there has just been completed com-pleted by the company and placed to operation by It aBe ctlon of pl'o line over 206 miles in length. TWs pipe system extends from the Midway and neighboring fields of California to Los Angeles and San Pedro, with a branch from the main line to Mo-Jave. Mo-Jave. The company is splendidly equipped now for service and the company com-pany is Just beginning to take Us proper place as one of the most Important Im-portant oil producers in California. Copper Situation. When asked in regard to the copper cop-per situation, Mr Jaekllng reiterated his convictions held for so many months to the effect that the position of thft metal Is strong and the future Ib remarkably bright as far as can Kf be foreseen at the prosont time. There m'J' Is no Industry in a better position, (ft. I r statist I' lana and all uho are fa- m'- I miliar with the trend of affairs will W---' agree, yet the market action of the 'K'; stock has been decidedly paradoxical. E, I When in 1906-7. the metal soared to mi'' 20 cents and better, the available sup lip ' 1 ply in proportion to consumption was for- far greater than it Is today. I - Stocks of the metal have decreased l steadily during recent months, the uses for copper havo multiplied and Vr itB uses increased during a period of recession with practically all other in- dustrioa, yet the copper market has F; ' failed to reflect such favorable con- p, N ditions Production, by virtue of th kV porphyries, during the past six or sev- I en years, has increased by about 25 i' per cent, jet consumption has In- 6 Creased in greater proportion, su'f! clent evidence of which Is had in fTTe B " fact that the world's available stocks 1... of the metal have been reduced to their present extremely low point. , I Everyone knows that there are no ' new sources of copper which will bo K. available In the near future, and with E' I the existing conditions carried on It there Is reason to believe that eventu- 1 . ally the market must respond to i in; 'f law of supply and demand and main- I tain n position which will be decided- i? ly satisfactory to the producers and Jk their shareholders. i |