ADVERTISEMENTS 
443 
Finnish-Russian Trade for 1921 
The trade between Soviet Russia and Finland 
during 1921 amounted to $1,119,000, of which $1,- 
109,000 represented exports to Russia. The most 
important items were paper, pulp wood, and card¬ 
board. 
Bergen Has All-Norwegian Oil Company 
Consul Dan Huun and Director Johan A. Haar- 
berg have organized a new oil company in Ber¬ 
gen which is the only concern entirely controlled 
by Norwegians. Provisions are being made for 
carrying large supplies of oil at Dolviken, near 
Bergen. The location is especially favorable since 
the largest ships can enter the basin and take in 
supplies. 
U. S. Foreign Trade in April Below March 
Although the aggregate of American foreign 
trade during April was somewhat below that of 
the preceding month, the favorable balance, or 
surplus of exports over imports was larger. Mer¬ 
chandise exports totaled $321,000,000 in April as 
against $340,464,000 in April, 1921. 
Swedish Corporations Have Good Reports 
The Swedish Tobacco Monopoly reports a net 
profit of 11,481,000 kronor for 1921. The divi¬ 
dend proposed amounts to 9 per cent on the pre¬ 
ferred stock and 31 per cent, or 8,999,000 kronor, 
on the common stock which is owned by the Gov¬ 
ernment. The DeLaval Steam Turbine Company 
reports a net profit of nearly 379,000 kronor and a 
dividend of 8 per cent. The American branch of 
this company also reports a good year. 
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SHIPPING NOTES 
Norske Lloyd’s New York Liquidation 
The Norske Lloyd Assurance company in New 
York has been taken over by the New York State 
Insurance Department, which will continue liqui¬ 
dation of the company’s affairs. The company’s 
funds, deposited with the Guaranty Trust Com¬ 
pany, have been transferred to Clarence C. Fow¬ 
ler, in charge of the department’s liquidation 
bureau. It is believed that after all of the com¬ 
pany’s indebtedness has been paid, there will re¬ 
main a surplus of $873,000 to the credit of Norske 
Lloyd’s American branch. 
Planning for Free Port at Goteborg 
The commission appointed by the city of Gote¬ 
borg to investigate and report on a free port has 
finished its work. The commission recommends 
a port at Torslanda, to cost about 700,000 kronor, 
and that it should be managed partly by the mu¬ 
nicipality and partly by private interests. 
Shipping Board’s Diesel-driven Craft 
Performance of the motorship William Penn, 
the only Diesel-driven ocean-going steamer owned 
by the Shipping Board, in concluding a globe¬ 
girdling voyage of 30,000 miles, with a total out¬ 
lay of $70 for repairs is hailed by Admiral W. S. 
Benson, commissioner in charge of construction, 
as the “most illuminating and conclusive argument 
that the shipping world has yet had of the ad¬ 
vantages to be obtained from the adoption of the 
explosive engine as a motor power in our mer¬ 
chant ships.” 
Norwegian America Line’s Progress 
The Norwegian America Line’s report for 1921 
shows net earnings of 2,948,000 kroner of which 
6 per cent goes for dividends. 
The Free Port of Stockholm 
The development of the Stockholm Free Port 
has been steady and rapid since its opening in 
October, 1919. The length of the dock frontage 
already in use is 1,328 feet, the deep water along¬ 
side being 30 feet. The pier extension under 
construction will, however, reach a length of 2,600 
feet, with a depth alongside of 33 feet. The land 
area of the Free Port, at present fenced in, is 
678,000 square feet, and will in a few years be 
increased to nearly 3,000,000 square feet. The 
docks already completed are supplied with 15 elec¬ 
tric cranes, of which 8 are bridge cranes, ana tne 
remainder of the portal type. 
East Asiatic Company Jubilee 
On March 27 the East Asiatic Company of 
Copenhagen attained the twenty-fifth anniversary 
of its foundation. The company started with a 
capital of 2,000,000 kroner and has grown to 
50,000,000 kroner. The reserve fund has ac¬ 
cumulated until it has reached 62,500,000 kroner. 
The fleet of the company and the daughter com¬ 
panies aggregates 302,000 tons and includes 22 
Diesel motor ships. The employes of the com¬ 
pany in various parts of the world number over 
20,000. 
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