Word: yukon
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Dates: during 1930-1939
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Uninformed investors looking for gold stocks might pass over Kaw Crow, Grull Wihksne, McLeod Cockshutt, Cotton Belt, Porcupine Crown, Buffalo Ankerite, Canadian Malartic, Ymir Yankee Girl. But 'they could hardly resist the most glittering name of all-Yukon Gold. From an investment manual they would be shockingly undeceived. Yukon Gold does nothing but mine tin in the Federated Malay States...
Last week Yukon Gold declared a common stock dividend for the first time in 18 years. Reason behind this sudden change in policy was the new Federal Tax on undistributed profits. Though it is listed on the New York Curb Exchange, only a minor part of Yukon Gold is owned by the public. More than 80% of its shares belong to Pacific Tin Corp., a basket which the Brothers Guggenheim wove in 1928 to hold some of their mining properties. At that time, Pacific Tin took over a debt of some $7,000,000 from Yukon Gold and most...
...Yukon Gold was founded in 1907 as part of the Guggenheim's gold mining ventures. In the Federated Malay States, it and two subsidiaries hold properties estimated to contain 72,151,000 Ib. of tin. Because the deposits are alluvial, they can be "dredged." Each cubic yard of dredged earth yields about half a pound of metal. Annual output of the company varies according to quotas set every three months by the International Tin Committee. Bases of the cartel allowances, which apply to about 90% of the world's production, are 1929 outputs. In 1935, working...
...LAST SURPLUS GOES TO SMITHSONIAN," read a streamer headline. "Weather: Friday, probably followed by Saturday." Lead story concerned a Federal resettlement project. "Twelve hundred inhabitants of Alaska's Yukon Valley, discouraged by the failure of gold mines in the vicinity, yesterday arrived in New York City and began colonizing the vast wastes of the Empire State Building," related the Bawl Street Journal. "By nine o'clock last night all the pioneers had staked out claims on the plateau-like stretches between the fortieth and eightieth parallel. Little watch fires gleamed in hundreds of windows while hungry bond...
Washburn was the leader of the National Geographical Society's Yukon Expedition which made the first crossing of the great Saint Elias Rauge, and succeeded in erasing from the map one of the last spots of unexplored territory on the continent of North America. Tickets may be obtained at the door...