20 
BULLETIN OF THE UNITED STATES FISH COMMISSION. 
lakalitla liidiistrial Couipany, at Metlakalitla; Boston Fishing and Trading Company, 
at Yes Bay; Baranoff Packing Company, at Redfish Bay; Chilkat Canning Company, 
at Pyramid Harbor; Alaska Improvement Company, at Kailiik, and the Bering Sea 
Packing Company, at Ugashik. 
The association was i-egnlarly incorporated on January 13, 1892, and shares were 
distributed on the basis of one for each 2,009 cases packed in 1891, and the profits 
were divided equally on all shares regardless of the amount of profits derived at the 
different points. Of the 31 canneries, 9 were opei'ated by the association, while the 
others were closed, the Alaska pack being reduced one-half. 
Steru-wheel steamer used in towing tisliing boats and setting nets, Chignik. 
The year 1893 found the Alaska Packers’ Association organized and incorporated 
(February 9). This association was formed from the canneries that had joined the 
Alaska Packing Association of 1892, except the Pacific Steam Whaling Company, 
at Prince William Sound, and the Peninsula Trading and Fishing Comitany, the 
latter’s cannery having been moved from Little Kayak Island to the Copper Rivet- 
Delta in 1891. 
The agreement of 1893 was similar to that of 1892, except that the amount of 
profit was taken into consideration, in addition to the probable average quantity which 
could be packed at the different points. This was subject to adjustment for each 
district and no arbitrary rule was followed. Each cannery entering the association 
Avas obliged to purchase an additional amount of stock equaling two thirds of the 
number of shares received by it for its plant; that is, a company Avhich received 1,500 
shares for its plant was required to purchase 1,000 shares additional. The money 
received from this sale of extra stock Avas used as Avorking capital. Ko shares Avere 
sold to the general public, the OAvners of canneries subscribing for the full amount. 
