1908-02-08 — Page 9

ANNUAL SHIPPING. REVIEW.

Mr. Jobs White's thirty-seventh spouel shipping review, dated 1st Jan. 1908, is a follows:-

It is unfori thately the fact that the past year has closed with the shipping industry, beth for the shipbuilder and shipowner, in a more un satisfactory condition than it commenced. The high cost of production esssed a derbase in orders for new tonnage in the latter part of the previous year, and owners, realising that freights were not commensurate with the cost of ships, and that working expenses continued to i have Wisly witheld from Earther building, therefore the number of contracts for ordinary cargo steamers very faw ud for between throughout

it the your. This shstention from building, does not materially affect the output of tonnage for the past year, but will be arkedly shown in this year's returns. The pro duction of merchant steamers from British yards has been about 1,800,000 tons, which is a reduction of about 200,000 tons on the record total of the previous year. None of our builders have equalled the outpat of 1906, which from two yards alone was over 10,000 tone each The largest total lost your was by Mesare. Doxford, 1,91,254 tens, whilst four ocher yards have produced about 30,000 ton, that one. quarter of the total large production is sccount

ed for in dve yards, sud then not engaged to show the variation of the British register during their full espabilities. The following figures

the past year-

Added of now atsamera and bought fra Foreigners, about 1,301,500 tons.

Bemoved, which inciadass!eamers lost, broken up and sold to Foreigners, about. 657,7-0 tons.

Added of sailing ships, about 75,96 toon, of which

about 47,500 tons were to the Colonial register.

Removed of sailing ships about 185,500 tons, of which about 55,800 tons were Colonial.

THE HONGKONG DAILY PRESS, SATURDAY, FEBRUARY 8TH, 1968.

Becond Hand Steamers-Numeros, los were made in the draf quarter of the year to Owners who generally build to their own English and Foreign Owners, in many cassa to specifications, but who considered it better to defer building satil prices one down sub thus supply their immediate requirements and stantially. Sales hayo sincs been slow, owing to the unsatisfactory state of freights and heavy working expenses, some forced sales bas further caused a deprecia- The influence of tion in valuse, and prices are now about 15 per cont. lower than twelve months since. Some forend salen have been made at much lower then this.

FITSU BISHI GOSHI-KWAISHA

(MITSUBISHI CO.)

DEPARTMENT MARUNO UCHI, TOKIO:

ABC 5th Ed., Western Union Codets red

Cable Address,ÏWASAKI,” which applies to all Branch Ofona. All Letters Addressed 1. MANAGER MITSU BISHI Co.

NAGASAKI, MOJI, KOBE, KARATSU with name of place under, BBANOH ORVİCES -

SHANGHAL, HONGKONG, &

HANKOW.

Froights have with tow exeptions boen-an Homewards-Odesan to UK, 10. 6 to 5s. satisfactory throughout the year, Considering, 3d,; Danube to U.K., 19s, to 75. Sd.; Alexna- increased wages of semen and labour every diff, 5s to 38, 7d River Plate (Up River), the high working expenses by dear banker coal, dria to London, 10s, to 58, 6d.; Bilbao to Car- where, dearer stores and great delays at home and 2 to 9s.; Northern Ports, U.S. to U.K., 2. the voyage, it is surprising that all the steamers 2s, 1 1, to 2s, 3d, per-quarter, 13s, to 96. net foreign ports adding greatly to the expense of 24d, to le, dd. per quarter, Gulf Ports to U.K., M are kept running. When in 1891 freights were obacter. Cotton Porte, U.S. to UK, 34s to in a similar state, there were 600,000 tons of 27, 6d. Pensacola to U.E., 91s. 87 758, Iank there are practically no steamers laid up. That ranean, 37, 6d, to 30s. Nitrate Poris to UK,COAL steamers laid up in British ports, whereas nober. North Papido Ports to UK, or Madi for lonass are being made by some of the freights or 8,258 to 12 Bombay to UK, 188, to and conditions of charter-accepted by British 128. Sd.; Calcutta to U.K., 258. 3d, to 128. Sa., and Foreign owners is certain, and it is to be jute. Karachi to UK, 188, 6d. to 1, 6d -- regretted anoh not be arrested before the Barmah to U.K., 208, 3 to 198. 64. Java to of the year, at 178,- for beat Welch, 12. 6d shipping is exceptional, by gesson of vessel rates homewards are those now current with Al Coal was high in prissat the commencement esse serious disaster Althingb UK, or U.S., 291 9d. to 23%. 9d. The lowest Newcastle, advancing in February to 19-63. having to be fired wording to her position, the exception of North and South America, and 144.6d, respectively. In the North there there ought to be a possibility of regulating Burmah and Java. was no reduction, but in Wales lower prices fraight-the-same as prices are regulated in ruled during the following two months. In other branches of commerce and not for Angust the manipulation of the market, which shipowners to be the victims of the many appears to bave been more probably the case devices practised for depresiasing freights then demand, especially in Wales, got the price The past year's freights, in many directions, up to 21a 6d. Wales, 164, Nawesatle. Prices have been very similar to the markets of fourteen are now easier the current figures being 18 years since, when rates were very low, exp vially 61, and 13s. 6d. with a general opinion that homeward; indeed, from Caleatts lower than farther reductions may soon be expected the worst last year. Some extraordinary voyages Banker goale, at foreign stations are higher, ospecially at South American ports, which are

have been undertaken last year. A steamer shout 3s, more than last year. The prices at the load home at a vary ordinary rate. When rates was sent from the Tyne to Java in ballast to were very low from the River Flats ir daly steamers were sent in ballast from the Plate to Natal, and then, finding the Indian market Java and Plate to Karachi to loat home. A steamer was sent in ballast from the Plate to depressed, was sent on to Australia to load home. Australia to load home. Steamers have gone in ballast from Bombay to The result of such trading would make an interesting addition to periodicals now published. the records of some of the valuable shipping

that, for the shipbuilder, and shipowner, A review of the past year unfortunately shows business has not improved as the year pro- gressed, nor can it be said the prospecta ere encouraging. It is no consolation to know that in other directions of commerce the resulta have been still loan satisfaetary in the knowledge that the recuperation of the shipping industry is largely in the hands of shipowners by reairiot, ing the addition of tonasgs to legitimate freights and distributing tonnage, that markets requirements, and combining to regalate are not glatted and their rates demoralised.

SCHOOLGIRLS' SOCIETIES."

ing ports in fadis and Australia are about 2. higher on the year. Exports of Cost from West Coast of America Natal Coal is coming Australis have been very large ospecially to the into justified favour and been exported to some Indian ports and River Plate having the ad South Africa not having any other cargo to take Tantage of cheap fraight by steamers when in

organimations, sually sailed by some "Greek American schoolgiris are very fond of secret letter. In the case of the Signs Gamma Italy have been taken by American coal owners; away. Some important Railway contrasta in the much lower price of this cost more than

exclusive, the indignant mothers have fast met Society at New York, which is small, bat very

rica than from British poris. compensates for the higher freight, from Amthroughout the year for the larger cargo membership. What the society did to pretty A great assistanos in supplying employment undergone by sspirants to the degree of to denounce the nerve-shattering ordeals Thors were under construction or 30th Sep- same level se the past year or two. The loses West Coast of Americs, This has been further is prescribed for all girl neophytes. First the Insurance rates continue frm at about the steamers has been the demand for tonnage from Julis Mill, aged 16, reads like a tale of regi- this country, the Continent.and Australia to the mental ragging," and much the same ordeal lember last, according to the records of Lloyd's of steamers have been moderate for the large helped by the requirements of the 18. Register, steamers of 1,068,419 tons, which is a reduction of about 2000 tons of the tonnage has extended to Marine Insurance Companies of cos! from the North-East Coast of America part of the ritual in every case--and at times

onnage afloat. building twelve months previously.

The spirit of amalgamation Government for caringe of about:200,001-lone i „girl in half-stripped-that seems an essential] The net addition to the British register, after Fire and Life Companies. The Standard Marine Fient. The shipment of grain from the of the fally fledged girl members, who op in the singular form of transference to large to the Facile Coast for applies to the American they are blindfolded, What follows depends doducting domer, broken up and sold to. For has been absorbed by the London and Lancashire eigners, for the ten years. 1897 to 1906, was Life Assurangs Compaey, and the Ocean Marine Northern Pacific porta to UK. has provided

largely upon the ingenuity and resourcefulness 5,498,938 vond steamers, and the net reduction by the North British and Mercantile Inerrancenerative work for large unmber of of sailing ships 1,3641 tone. The incres of Com; any. the effective tonnage is large, being of steamers, spoken of. It is to be hoped that such auion of ants of the West Coast of America have been

Other similar combinations are

atamers; indeed, the out and homa requirs. but a very large amount is represented in the strength will facilitate redaction of premiums.

the chief support of the large cargo ataamera Jeviathan passenger liners, and the very con siderable total of meat, oil, fruit carriers, traw

which have been so freely produced in the last The freight war between British Companies three years. The delays on the West Coast lery, Failway ateamore, ate. The extension of and a German Company trading to India, which have been very great, espoolally early in the commerce in the same period has slao hoan had existed for a long period, was terminated very great. The export of Coal alone increased early in the year. The Workmen' Compensa from 34,000,000 tons in 1896 to 65,5000,000 tion Act extended to shipping has come into tona in 1906. The carriage of grain from long force and must prove su additional bard to distances River Plate, Australia, and West our shipping, from which foreign vels Count of America to countries of quickly have agreed on the same lead-line for their ere exempt. British and German Shipowners increasing populations auch sa our own, instead of as formerly from nearer sources-Americs, ships. A for failures of Shipbuilders and

year, waiting for homeward

cargoes, and

draw upon their own experiences. Poor Julls Milla's tests consisted of the following (1) Her hands were thrust into supposed to bé molten lead

mercury, (2) Hor-foot were jerked from ander her, Preparatory to her descent into a bottomless pit, thus being thoughtfully provided to break insisting the hand of death, the fall.

made to clasp * (3). She WHE

wet glove, (4)-She was forced to drink Daussons liquide

expenses has greatly increased The Eastern market homewards was strong throughout the your until within the past low months, when rates. weakened and fall from 17. 9d. early September Indian parts have declised in proportion. From from Karachi to 12s. 6d. now current Other Australis a moderate business has been done for

which she was told was no

(5) She was told to prepare for torture, and was branded on the back with slab of ice, Julia's terrors were chefy imaginary, but

Ruunis, elc., which now have so much need for / Shipowners have occurred, but not of any great grain cargoes; the noortaiuty of the crops, her; suffering was apparently intenso. In:

voyages for the present large merchaut fleet. At the same time, it has to be borne in mind that increased foreign toppage takes much of the trade: especially of the Coal exporta

The contracle of the past year to our shipbuild. ing yard include several steamers for the P. and O. Company's mail services; a stasmar for the Hamburg America Line, reported to being larger than the Canarder Mauretanin although

the

but fixtures have now been made at 26. 31. which formerly supplied employment to a large wheat to UK The China coasting trade, number of British, Scandinavian sa terman Many British steamers have been laid up in atesmers, has practically ceased for saab tonnage. Chiness porta. Norwegian steamers, stated. about 100, have left the Coast, also the German

in Government service dating the late war and by the Japanese Lunasre which was employed increased by captured steamers, is all about one million tons, having taken up this trade. Many Japanese services are supported by Government subsidy To Japanese coasting trade is zom closed to raign tonnage.

not so fant; astenmor of 23,000 tons, gross of their turbine machinery are doubt-hosts. This condition has been brought about

for

Holland America Line; ateamets

rast industry considering the state of the the solidity this faucial market throughout the year.

The remarkable Card Bars Lusitania and Mauretania, of 31,939 tone gross, commenced įruoning last year at a tim;not favourable

prove their best steaming capacity, although they have proved they are capable of maintain 25 kacts per hour The records of the being leserved until time, with anch optional vessels, allows everything to get into for the Navigazionederale Italians, working edition to giva reliable data Lloyd's Sabando (of Ity), Chargeurs The Australian. Commonwealth mail contract Heunis, the Pacifio Steam Navigation Com-made last year-with-a byu ionto which was to pany thuBooth. Line and several bave commenced reauing this year has been large oil carriers. The orders for ordinary cancelled and the subsidy given to the old cargo steamers, as already mentioned, hve been contracture, the Orient Stoom Navigation comparatively few, which, from the shipowner's Company, to commence running in 1910 ander point of view, is advantageous; bat, auferinn Commonwealth flag": A Conference between ately, the dearense of work is exusing muois British, Australian and New Zealand Shipower distess among the working-men. The monies

was held in London early in the year, with the wasted by the men in strike pay in good times rosult that the Colonial trade will not be very when work was plentiful would have now relieved Attractive to British-owners, the distress. If there is any honesty in Seois- lism, this would appear a good dostrine for its satellites to teach their adherents, by which they would profit more quickly than they will by the seed of disfection that is evidently being nowe..

A large combination of American Steam hip Companies, involving big figures, engag. in local trade, was made early last year, but appears, through the insucial crisis, to Bill introduced in the US, to encourage the have been of short duratio The Subsidy development of a Mercantile Marine was again rej oted.

most important source of employment to the The River Piate trade, which is now the moderate sized cargo ateamers, has supplied work throughout the year for a large number of bosta at widely duetasting tales both outward and homeward. At the commencement. 64. from ap river, but, to the surprisa even of of the year the homeward rate was only lis those specially engaged in this trade, rates advanced early in January and by the end of February wore up to 20, altar which thes 94. For the remainder of the year rates have gradually declined and in July were down to varied between 9 and 1le, For next Spring current rates ont is inadequate for a long loading up to 18s has been paid, which with

doteution in the Plate, voyage on dear coal and costly labour and great

The North American market has provided owing to the now reduced export from the rary poor homeward freights, which is no doubt

Fliner tonaaze. A large trade has been done in States being carried by the enormons supply of case oil from the Statens to the East, Australia and Now Zealand, and is lumber to UI, Continent and South America, bat at moderate rates. From the Cotton ports fair rates. have since the, usucial orisis in Amerien pressed been paid for good measurement boats, especially forward cargous for realisation.

3. At the commencement of the past year it was reported there was a large demand for steel and iran at home and from Americs and Japan, bat Foreign Shipbuilding continues to extend the end of the first quarter the reports In Japan there are building steamers up to by regard to raw material were very different, and tous press register with turbine inter news came from America that there was machinery. The Japanese are also producing no demand. Owing to the high price of hematite, their owu steel-plates and will doubtless woon Sootoh Steelmakera increased their price of be able to supply themselves with all their ships plates in May from £7 12r. 6d. to £7 158, bat Rod material Australia is reported to coa soon afterwards the redhead orders forged prices template booming Shipbuilders and are favour down, and by repented small reduction plates ably placed for this industry, with their native Are Bow down to £6 12s. 6d. Further dealine 00 and ore, of which later a cargo has been in price appears likely and warranted, by the sent to England probably to test ita qualities changed condition of the demand from other for manufacture, The grab ishment of steam sources as well shipbuilding, and from the ship lines from foreign constries, during the knowledge that Shipbuilders have that our past year has been remarkably, and although Steelmaker hare been supplying foreign many may face the experienes of previous lines customers sta privastated to be 15+ per ton

that have involved ser our losses and had to be lower than home orders. Copper is now nearly given up, they must affect the support linea poiting markets throughout the year. Early in The Black Sea and Danubs have been disap half the price it was twelve months since, which from others ports Lave had in the past with the year the low rules from Blank Sos-cured enables Engineers to substantially reduse their cargo in traoshipment. The new services some large steamers to be sent in bailase from prices. Price of new tonnage, to build are

inelade the following: Soapdinavian ports and the Mediterranean to load home from Bombsy. about 10 por oont, lower than a year since. Argentina: East Asia, Cuba, and Central Towards the end of July the prospects of Builders haver guested a reinotion of wages of Amaries; Liban and Arrentine: Italy and large crops were reported upon favourably their men, which is necessary from the changed North Americs; South Amerias and Pacifle in Russia, when freight advanced and con. condition of trade. The amalgamation of porte; Austria and New Orleans: Greece sud siderable chartering was effected, but in Sapten- Mrs. Harland and Wolff, of Belfast, with North America; Holland and Argentine Marber the anticipated crops were not forthcoming Masura. John Brown and Co., of Glasgow, is an seilies and Cubs and Ceutral Amaries; Bordeaux freights declined, many charters were cancellei. addition to the strong combinations of Ship and French West Indies; Japaùs d Calouttsand-many-oharterers failed. The reports for builders that have been made of late years. Vancouver and Marinan ports, Some foreign Another stap in the decline of the Thames countries are supporting their shipowners by interest in manufacturing for this industry has granting loans on shipping at modorate interest. Dcurred in the retirement from business of the A powerful amalgamation has been made in old engineering frm of dors Hamphreys, Italy hy the Navigasions Gonerale italiana Tennant and Co.

which was the ombination made many years

since of the old firms of Messrs. Florio and Means. Eubattine practically absorbing the Laelce, Htalian and Lloyd Italiano Com panias, thus giving them, the control of the principal steamehip lines running out of Italy, and combined with the Companies are some of the principal Italiau shipbuilding yards,

Spring shipments in this trade are very un- much in sympathy with the Black Bes, with favourable. From Alexandria rates have been chartering down to 5 01 cotton, seed to London or Hall.

Spain have varied considerably, and close at Ore freights from the Mediterranean and almost the lowest rates of the year, being a decline from the highest rates of about 28. 6. from Mediterranean and Is. 6d. from Bilbao.

Pho Baltio trade is now largely derried ou by steamers on time charter, which merchants. Sot, pily foreign tonnage, at rates which have been better than of late years, and Okubo lenye owners any profit. Coal freight homeward rates, by the influence of the Baltic Conference of Shipowners, maintained increased rates.

at

Wages and Strikes.-"noroased wages were demanded by engineers and other workmen in the first quarter of the past year which the masters, with the knowledge that further orders to follow the current work, were source, declined to concede, and an agreement was made with the mon postponing any increase until the state of trade warranted such; bat in September, The terrible earthquakes of the previous year when the prospects of work were stil wees in different parts of the world were followed unfavourable, the mon repeated their demands, by a similar disturbance early last your pausing the employers to threaten a lock-out, Jamaica, involving great loss of life and which speedily made the men withdraw their property and a quake of different nature, but request, sad a joint agreement was made also bringing about considerable sacrifice of life which should preclude strikes in the future, and very aariots loss of property, and, it is The men have evinced a disinclination to abide feared, far-reaching dissater, that it will takeChatterers for Line requirements, also for Time. Charters are increasingly adopted by by agreements entered inte by their leaders and long to remedy, postirred in Americs early in Indian Con! trade, Australian Cosi trade, to be dissatisfied with the financial state of the Autumn in a financial crisis vansing the lates and West Indies, Baltic, and for fruit their Unions, of which many of the branches stoppage of numerous large. Banks and Trust from Spain, for which some large steamera are reported to be insolvent. Sectional atrikes Companies, as well as Trading Companies, and of workmen, such as caulkers, carpenters, a unprecedented depreciation in American ment has probably given owners the Lest were taken last season. This form of employ joiners, moaldere, pattern-makers and blast Securities. Notwithstanding liberal assistance results when the port of delivery and re- fornacemen, etc., have caused much interruption given by the United States Government: delivery are such se not to entail great cost to with work: Strikes continue prevalent in and recourse to all the palliatives Ameri: the ship. almost every branch connected with, shipping, can Financiers could devise to relieve varied as follows:

Freights during the year have causing serions loses #mployers and men, the preseare for cash, the demand has continued and in scarcely one instance securing any banent so great that all the money markets have been Constantinople, 84. 38 to 5s, now 75. Gd; Port Outwards Wales to Genos, Is. to 5s, 6d; to the men. There have been strikes of seamen disturbed and had to raise their rates to the Said, S-3d. to 4. Od., now 78, 31; Malts, 74. in British And many foreign peris; labourers saricus loss of all trades. Oar Bank Rate in 3d. to 38. 81, now 68. Caps of Good Hope, 145. prominently longshoremen, for many weeks in Jaunery last was 5 per cent., declining to 4 par to lia Adon, 10% 60 to 75. Od, now 10s. 6d.; New York, which nevessitated some liners cent, end of April, it was advanced to 53 per Colombs, 118. 6 to 78. Od, now 10 6d; having to bring back part of their cargoes to vent. end of October, and early in November to Singapore, 15s, to 8s. Bi, now 1le River. this country and back again so as to maintain per cent, at which it remains, being the high- Plate (lower ports), 13s- to Jan now ds, Bio the regular sailings, Dockmes, Railway men in Argentine and India; Stevedores; Cod

abourers; Miners in Australia,

est rate for 3 years. Money at this price is Janeiro, 16. to 9a3d, now a 61. Teneriffe,

heavy burden to the amount of credit a large, industry like shipping must always have surrent.

71.64, to 6s, now on 9 West Coast South America, 28s. to 201, 61, no. 2

*

told her mother everything, with the result met, and decided to wither up and destroy the that Mrs. Mills and other indignant mothers Sigma Gamma Society with maternal wrath, and then start crusade against all schoolgirl's secret societies throughout the country.

plexion, Mrs Ellen's Creme Charmante, Lait How to B BRAUTIFUL-Keep your com Charmant and Special Skin Tonio And Pondre Charmant will enable you to do it. Bef Specialities for the Skin are the study of ifetime. A. 8. Watson & Co., Lte., Solfagoniu

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THERAPION NO.3

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as

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the reading it, will the shattered THE EXPIRING LAMP OF LIFE LIGHTED UP AFRESH,

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Tu Kahl by

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Song and without which it i

Bold by Princips Chomiats [2613

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