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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Jan. 1, 1903)
13 TRADE WITH THE ORIENT Many Cargoes Distributed from This Port Value of Imports. ESTABLISHED 1859 THE -MORNING OE EG ONI AN, THURSDAY, JANUARY l 1903. PORTLAND merchants have added to goes ever cleared from Portland were as their prestige In the Oriental iields ! follows: for trade during the year 1902, and ,im- steamer. 3bls. ports and exports have both shown a ' Indravelll 64.184 material increase. This city holds a i Iraa anma .. ft'Sel unique position In the Importing business i indrapura 51,352Indravelli 49,522 from the Orient for the reason that the ! va LUjtU. ......... Steamer. 3bls. Adato 60.425 Eva 50,960 Indrapura 49,541 larger portion of all the cargoes received from China and Japan are distributed from this port. The amount of merchan dise entered at the Portland custom-house from Oriental ports for distribution by Portland merchants Is greater than that entered at both Seattle and Tacoma, al though the amount of Imports received Vin transit" by those ports Is larger than that which passes through Portland. As the "In transit" business is of no value to a port, farther than for the limited amnnnt nf monev it leaves In the way of stevedoring and longshoremen's wages, it j steamship Oceano, carried ... . 1, ... ' feet and annthnr 9 finA AOO can reaaiiy oe seen i.iui & nuiau aiuuuui of business where all of the profits of distribution are kept at home. Is more profitable to a port than a larger amount where the traffic shows only In figures as it passes from ship to car or from car to ship. Portland's outward Oriental cargoes are much the same as those which aro en tered, nearly everything with the excep tion of an occasional shipment of cotton being, of Oregon production. Flour, of course. Is the foundation for all Oriental cargoes leaving Portland. To paraphrase I a well-known axiom, "Trade follows the flour" In the Orient, for the enterprise of the Portland Flouring Mills Company, of this city, in opening and develop ing the flour trade In the far East, was the direct cause of opening those markets to a large number of other Oregon prod ucts Lumber, fruit, beer, hops, hay, oats, barley and numerous other products of the state arc now .finding steadily wia ening market In the far East, and the prices secured from that direction are better than those which are received from other markets. An insufficient number of steamers to take care, of the direct trade with the Orient from Portland has prevented the flour clearances from this port reflecting the true dimensions of the trade. Since August, Portland shippers have .fcecn obliged to ship the overflow from the reg ular line running to this port to Tacoma, Feattle, Vancouver and even to sSan Francisco, where steamers were more plentiful and business not so pressing. As much as 50,000 barrels of flour In a single month has thus been diverted to other ports from Portland, but as the Total 613,572 Unfitness Steadily Grows. The lumber business wl'h the Orient Is steadily increasing; and during the year 1902, 28,950,000 feet were shipped, to China, Japan and Manila. As wUh flour cargoes, Portland has shipped more record-breakers than any other port In tho known world, a single Arm, the Pacific Export Lumber Company, of this city, having a record of 12 cargoes averaging over 3,000.000 feet each, while one of them, the over 3.C0oX': feet and another 3,eo0,000 feet. During ! the past year these record-breakln tur- ( goes were fewer in number than In 1901, but the aggregate amount of lumber shipped does not show much change by the substitution of smaller carriers. The regular liners of the P. &. A. 8. S. Co. have handled considerable Jam- j ber during the year, but on account j of the pressure of other freight hAve been unable to take all that was offcrfiig. j These steamers are the best ail-around I freighters on the Pacific Coast and some j of them have stowed away nearly 700,000 j feet in a single hold, and If loaded to I merchants of this port recelyed the profits of the transaction, they make but little complaint, although they would much prefer that business originating in Port land territory should be handled from this port. An illustration of the manner In which the mills in Portland territory have supplied business for the Puget Sound lines is reflected In the statement of shipments for the past two years. The output of the Portland mills and of other mills in Portland territory in 1902 was greater than ever before, the increase with some Institutions being more than 25 per cent over that of the previous year, but the regular line from Portland could accommodate such a small portion of this increase .that Its flour shipments were smaller than they were on the pre vious year. The shipments as shown by the. .custom-house .records- were as fol- thelr capacity could carry 4,000,000 feet j With so much other freight offering, how- ever, the lumber - trade Is left to other vessels, built especially for the work. j The three steamers of the Portland & Asiatic line, the Indravelll, Indrasihma j and Indrapura; have a carrying capacity of S500 tons each and bring on arT average j more inward cargo than is brought by any i of the lines plying out of Northern ports. ' In addition to their freight from Chinese and Japanese ports, they brought In lost ' season several million grain bags from ' Calcutta, which were transshipped to j Hong Kong. "With such a large propor- j tion of the Inward cargoes of these steam- J ers being distributed at Portland, the duty collected on Imports at the Port- J land custom-house is naturally very j large. The receipts at the Portland cus tom-house for the first 11 months of 1002 were nearly $760,000. By months they were tic f nJ lriTTc January ...5 22,626 43!August .....$ 24.210 44 I February .. 34.4o7 93September... 62,423 73 : T March 77.212 99jOctober .... 78.684 71 i f May 101,467 271 June 190.128 99 Julv 43,111 931 Total ,....$759.G45 00 ' The extent to -which the Orient figured In supplying commodities on which thi3 duty was collected is shown by the re port of thQ Collector of Customs for trie last fiscal year, giving the imports by countries as follows: Asia. A. O s tk i Australasia, British 49,847 Auaina-nunBary .................... 4,232 BANKER Capital $250,000:00 Responsibility $5,000,000.00 Transact a General Banking Business Capital $250,000.00 Responsibility $5,000,000.00 The Oldest Banking Institution on the Coast Interest allowed on Time Deposits. ' ' ' . r Collections made at all ooints on favorable terms. Letters of Credit issued available in ail parts of the world. Sight exchange and Telegraph Transfers sold on New York, Washington, Chicago, St. Louis, Denver, Omaha, San Francisco and various 'points in Oregon, Washington, Idaho, IVSontana and British Columbia. Berlin, Frankfort, Hong Kong, and ail Exchange points sold on London PariSj in the Orient. - I Belgium 47.S23 British Columbia 17,915 ! Chinese Empire , 18,028 t iima. : Denmark East Indien, British 1,167,712 Cemdnt, pounds East Indies, Dutch 1,161 ! Cigars and tobacco .. England 132.740 . Coal, tons France 12.050 Coal tar preparations 134.0S1 : i once, pounds ... tries during the fiscal year ending June 12.143 ! 30. 1002. were as follows: wuanuiy. ...31.738.975 lows: Port- Month, land. Jan 29,832 Feb .. March April -1902-' .104,140 87,476 11.172 19.024 May June . July . Aug Sept 62,406 Oct 52,579 Nov Dec 54.184 Puget Sound. 89.220 87.559 128.791 19.C20 68,331 57,576 3S.453 93,274 95.904 S9.006 163.017 v. .-J901- Port lnnd. 71.410 67,393 "53,796 61,816 36,093 4,880 51.352 65.3C7 S9.?10 49,541 49,318 590.276 962,180 Puget Sound. 91.247 93,645 64,044 85,736 22,360 79.S46 29.63G 30.406 103.040 125.6S6 141.2G0 61.282 Germany ... Greece Hong Kong Ireland Italy Japan Mexico Netherlands ., Ocwmlca, British Peru Philippine Islands Quebec, Ontario, etc. Russia, Asiatic Scotland Spain Sweden and Norway ... Switzerland , 3.2G5 ! Earthenware 108,736 ! Housohold effects 2,631 ' Iron, bar, charcoal and pig .'. - . soo.; jute, tons ......!. 467.S99 4 Jute manufactures gallons 12.374 25C.376 "'"-446 1,C65 Klquor, -malt. 152 37 343,092 865 5 18.330 SS 8,912 COS Total I2,B55,3SS The commodities received through the Portland Custom-House from those coun- 9.717 2.204 398,716 K lb.lHb 4,354 6,972.253 4.264.4S3 Matting, square yards Oil, nut, gallons Oil. olive Rice, pounds .. Salt, pounds .... Seeds Silk, raw, pounds 63,712 Spiers Spirits, gallons 18,733 Sugar, pounds 4S8.5S7 Sulphur, tons 3,4o Tapioca, pounds 437,932 Tea, pounds 317.CS4 Tin in pigs, pounds 190.797 Value. 1117,655 12,914 33.603 l 10.303 22,070 ! 45.640 ' 7.09S 27.037 27,465 734.9S4 . 10.6S7 361.857 30.S2S 7,220 8,185 131,093 15.SS0 4.S05 221.72S, 9.140 16.064 14.996 63.696 9.047 47.6S9 44.153 Total ...420,813 These figures, as stated above, do not reflect Pojllind's prominence In the Orien tal flour trade to the best advantage, for a large proportion of the flour which fig ures in Government statistics as clearing from the Puget Sound cities has been" shipped there from Portland or from points In Portland territory where shlp- -pers -were unable to secure space xm the Portland steamers or to defer shipment until they could secure the space. At the same time Portland got out some record-breaking1 flour cargoes, the Port land & Asiatic liner Indrasahma clearing In October with 52.579 barrefs of flour and the Indravelll. of the same line, clear ing last month with 54,184 barrels, while the cargo of the Indrapura due to sail in January will be limited only by the size of the vessel, which, like the others. Is an S000-ton carrier, and will take as much flour as can be handled after space for other freight has been apportioned. The cargo of the Indravelll was, with two exceptions, the largest ever floated on the Pacific Coast, and no other city on earth has cleared so many big flour cargoes as have been cleared from Port land. Ten of the cargoes shipped from this city within the past three years have averaged over 51,350 barrels each, and 25 of them have reached the enormous totaH of 1,150,000 barrels. These 10 largest car LONDON AND SAN FRANCISCO BANK (LIMITED) CHAMBERof COMMERCE BLDG., PORTLAND, OR: Capital Authorized $2500,000 Capita! Paid Up 1,400,000 Capital Reserve Fund 1.050,000 (As constituted by act of Parliament) Reserve Fund 75,000 f l Head Office 55 OLD BROAD ST., LONDON BRANCHES San Francisco, Portland, Tacoma and Seattle This bank transacts a genera! banking business, makes loans, dis counts bills and issues letters .of credit available for travelers and the purchase of- merchandise in any city of the -world. Deals in foreign and domestic exchange. Interest paid on term deposits. W. A. MAC RAE, Manager. ' "WM. M. I. ADD, President. J. THORBURN ROSS, Vice-Prea. & Manajrer, T. T. BURKHART, Secretary. JOHN K. XOLLOCK, Aa't Secretary. The Title Guarantee &trustCo. Chamber of Commerce, Portland, Oregon REAL ESTATE AND MORTGAGE LOANS Financial .Agents, Investments Title Insurance UNITED STATES NATIONAL BANK BUILDING w THIRD AND OAK STS., PORTLAND, OR. CAPITAL $300,000 Transacts a General Banking Business SECURITY SAVINGS & TRUST COMPANY 266 MORRISON STREET, PORTLAND, OR.. OFFICERS: H. TT. CORBETT, President. Ii. A. LEWIS, 1st Vice-President. A. U MILLS. 2d Vice-President. C. F. ADAMS, Secretary. R. G. JUBITZ, Assistant Secretary. DIRECTORS: . -H. TV. CORBETT, C A. DOLPH. Jj. A. LEWIS, JOSEPH SIMON, A. L. MILLS. C. F. ADAMS, - JAMES F. FAILING. ; A BANK OF DISCOUNT AND DEPOSIT This, bank invites accounts from individuals; firms, banks, merchants and corporations, and will extend to its customers every accommodation consistent with good bank ing. Interest paid on savings accounts and on- time certifi cates of deposit. LIABILITIES: RESOURCES': Loana $1,022,170.63 Bonds ?820.463.59 Premiums ie.030.62 83T.0W.21 Cash and due from corrtspond- er.c- 3&0.739.S1 Real estate 13.191.70 Capital Surplus and undivided profits. Deposits 230,000.00 CD.037.-20 :.44,588,24 ?2,7G9,225. OFFICERS- J. C. A1NSWORTH. President. I FRANK C. MILLER, Cashier. "VV. B. AYER, Vice-President I R. "W. SCHMEER, Assistant Cashier. A. M. WRIGHT, Assistant Cashier. S2.7C0.223. 44 BONDS. Oregon Railroad & Navigation Co ....4 ptr cent West Rhnn Railway 4 per cent Lake Shore & Michigan Southern Railway.. .3Ji per cent iwi .rar vaiue New York. Chicaso & St. Louts R. R 4 per cent 1937 Par value Western Union Telegraph Co 5 per cent 1038 Par value Northern Pacific R. R 4 per cent 1097 Par value Chicaso. Rock Istand R. R per Cent 10SS Par value New York Central & H. R. R- R 3 pcrent 1997 Par value Chicaso, Burlington & Quincy R. R 3Vi per cent 1049 Par value Chicago Sc. K. W. R. R 3& per cent 10S7 Par -value Rio Orande Western R. R 4 per cent 1030 Par value Southern Pacific R. R. Coll. Trust Ir cent 1902-5. Par value RnutHern Pacific R. R. Aria a Ptr cent 1009 Par value Union Pacific R. R Oregon Short Line R. R i. 0 Oregon Short Line R. R 3 Toronto. Hamilton & Buffalo R- R .....4, Metropolitan Electric Hallway. New York 6 MetroDolitan Street R. R.-...: 5 Par value $121,000.00 rar vame .w.ooo.uu DIRECTORS- I. TV. HEtiLMAX, President Nevada National Bank, San Francisco. PERCY T. "MORGAN, President of the California "Wine Association. Wl B. AYER. President of tho Eastern & Western Lumber Company. J. C. AINSWORTH. President, also president of the Fidelity Trust Co. Bank, of Tacoma, Wash. RUFUS MALLORY, of the law firm of Dolph, Mallory & Simon. D. W. WAKEFIELD, of the real es tate firm of Wakefield, Fries & Co. GEORGE E. CHAMBERLAIN, Governor-elect of Oregon. R. L. 1LVCLEAY, president of the Maeleay Estate Company. F. C. MILLER, Cashier. per cent 1047 per cent 1022 per cent 1940 per cent 104G per cent 1003 per cent 1007 ' Rroailiunv nnrl Tfh-Avenua Rallwav... ...3 IJer Cent 1943 Pennsylvania Co H Pr cent 1021 City of Portland. Oregon 0 Pr cent City of Portland, Oregon, street Imp G per cent Chesapeake & Ohio R. R 4 Pr cent 1982 Baltimore & Ohio R. R. Southwest v...3S percent 1023 Northern Pacific R. R 3 per cent 2047 Rio Grande R. R .....1 per cent 1940 Atchison, Topeka & Santa Pe .....4 per cent 1905 Southern Pacific of California ; 5 per cent 1037 City & Suburban Street Railway 4 per cent 103O Baltimore Sc. Ohio R. R 4 per cent 1048 Par value Par value Par value Par value Par value Per value Par value Par value Par value Par value Par value Par value Par v'alue Par value Par value Par value Par value Par value ?- Q-- "We act as trustee and financial agents for Investors In respect of any service In connection with in vestments In Oregon. ' Estates managed. Rents collected. Taxes paid. Out facilities fpr placing first class mortgage loans and lor handling real estate are unexcelled. TVe insure titles to real estate. Our records of chain of title are complete. We can promptly fur nish abstracts and reliable infor-matlan-as to ownership, mortgages, taxes or assessments SAFE DEPOSIT VAULTS "V- Interest Paid on Time Certificates of Depositf " Correspondence Invited .'x - 50.000.00 50,000.00 30.0CO.OO 25.000.00 25.000.00 25.000.00 25.000.00 25.000:00 25.000.00 25.000.00 25.C00.00 25.000-00 20.000.00 20,000.00 20.000.00 15.000.00 15.000.00 10,000.00 10,000.00 5G.5C0.00 17.06.X 50 10,000.00 10.000.00 10.000.00 10,000.00 10.000.00 30.000.00 20.000.00 10.000.00 SS20.483-.S0 CHAS. E. LADD, Pres. T. B. WILCOX, Vlce-Pres. F.-M'KERCHER. Sec'y. WELLS, FARGO & CO. BAINK CASH CAPITAL and SURPLTJS.$12.000.000 HOMER S. KING- PRESIDENT San Francisco. R. LEA BARNES CASHIER JOHN E. MILES ..ASSISTANT CASHIER Portland. EQUITABLE SAVINGS AND LOAN ASS'N, 242 STARK ST., PORTLAND, OR. AH securities deposited with state authorities. . Reserve fund capital 'guaranteeing shareholders against J lOSS. Only, association in-Pacific Northwest guaranteeing ma? turity dates of its certificates. ' Loans on homes payable in a definite number of month ly installments, with legal interest on the monthly unpaid balances. By monthly, quarterly or annual investment of your savings you obtain the advantages of the capitalist and still have them "available for other use, if necessary. t -