350 
BULLETIN OF THE UNITED STATES FISH COMMISSION. 
placed at our disposition the facilities of its various plants and rendered most efficient 
assistance. 
The following is the itinerary of the Alaska cruise: 
Southeast Alaska: 
Hunter Bay, Prince of Wales Island May 29-31. 
Niblack Anchorage, Prince of Wales 
Island May31-Junel. 
Moira Sound, Prince of Wales Island June 1. 
Tamgas Harbor, Annette Island June 1-3. 
Metlakahtla, Annette Island June 3. 
Ketchikan, Tongass Narrows, Revilla- 
gigedo Island June 3-5. 
George Inlet, Revillagigedo Island June 5. 
Mary Island Anchorage June 5-6. 
Kah-Shakes Cove, entrance to Boca de 
Quadra June 6. 
Smeaton Bay, Behm Canal June 6-7. 
Checats Cove, Behm Canal June 7. 
Yes Bay, Cleveland Peninsula June 7-8. 
Loring, Naha Bay June 8-10. 
Ketchikan, Tongass Narrows, Kevilla- 
gigedo Is. and June 10. 
Steamer Bay, Etolin Island ....June 10-11. 
Kunk Creek, Etolin Island Tune 11. 
Wrangell, Wrangell Island June 11-13. 
Salmon Bay, Prince of Wales Island June 13. 
Conclusion Island (off Kuiu Island) June 13-14. 
Point Barrie, Kupreanof Island June 14. 
Port Protection, Prince of Wales Island.. June 14-15. 
Shakan Bay, Kosciusko Island Tune 15-17. 
Kell Bay, Kuiu Island June 17-18. 
Killisnoo Harbor, Kenasnow Island June 18-19. 
Southeast Alaska — Continued. 
Kook (Basket) Bay, Chichagof Island... June 19. 
Pablof Harbor, Freshwater Bay June 19-21. 
Juneau lune 21-24. 
Hunter Bay, Admiralty Island June 24-25. 
Bartlett Bay, Icy Strait June 25-27. 
Dundas Bay, Icy Strait June 27-29. 
Yakutat June 30-July 7. 
Prince William Sound: 
Orea July 8-10. 
Port Gravina July 10-11. 
Naked Island Anchorage July II. 
Herring Bay, Knight Island July 11-15. 
Naked Island Anchorage July 15-18. 
Port Valdez July 18-21. 
Southeast Alaska: 
Sitka Tuly 23-25. 
Nakwashina Bay, Baranof Island July 25-Aug. 3. 
Schultze Cove, Baranof Island Aug. 3-4. 
Ilanus Bay, Baranof Island Aug. 4-5. 
Sitkoh Bay, Chichagof Island Aug. 5-6. 
Hoggatt Bay, Baranof Island Aug. 6-7. 
Baht Harbor, Zarembo Island Aug. 7-8. 
Steamer Bay, Etolin Island Aug. 8-11. 
Ward Cove, Tongass Narrows, Revilla- 
gigedo Island Aug. 11-12. 
Washington: 
Port Discovery, Quarantine Station Aug. 17. 
Before the opening of the season it was believed that there would be a very 
large number of new canneries operating during the summer, but the drop in the 
price of salmon made it difficult for some prospective canners to raise sufficient funds 
on futures to place them on a working basis, while others feared that overproduction 
beyond the world’s demand would bear market prices below cost; nevertheless, there 
was a large addition, which will be referred to later. It had been the intention early 
this year to form a trust of the Pacific salmon canneries, but failing to make terms 
with the largest operating company, the scheme resulted simply in a consolidation of 
a portion of the canneries. 
An organization under the title of the Pacific Packing and Navigation Company, 
incorporated under the laws of New Jersey and backed by eastern capitalists, was 
formed during the spring of 1901. Its object is given in a “statement,” under date 
of March 12, 1901, in which it is said: 
It is proposed to consolidate into one corporation the properties and privileges of these companies 
and firms, thereby controlling about four-fifths of the canned-salmon product of the world. * * * 
It is proposed to capitalize the new corporation as follows: 6 per cent debentures, $7,000,000; 7 per cent 
cumulative preferred stock, $12,500,000; common stock, $12,500,000. 
The Alaska Packers Association, whose output in past years has been about 70 
per cent of the Alaska salmon pack, demanded of the trust a cash payment for their 
business at their own valuation. The trust offered the amount, but payment to be 
made partly from the sale of this season’s product and the remainder in mortgages 
on their own property and stock in the new company, which offer was declined. 
