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 -