The Waterfall Cannery was located on Ulloa Channel, which extends southeast 10 miles off Bucareli Bay, between Prince of Wales and Suemez Islands. The first salmon processing plant at Waterfall was constructed in the spring of 1912 by Oceanic Packing Company, a Seattle based corporation. After this first year, the company was absorbed by Alaska Fish Company, which had been organized in 1911 by Frederick C. Johnstone and Fremont King. Waterfall Cannery, from that time, began its climb toward becoming the largest, most efficient cannery on the West Coast of Prince of Wales Island. The cannery operated until 1971.
