THE BALLANTINE FLEET SOLD. - At Chicago on Monday, the well-known Ballantine fleet was sold, consisting of the steam barges C. J. KERSHAW and D. BALLANTINE and the schooner A. B. MOORE. The purchasers are Phil Armour, of Chicago; R. P. Fitzgerald of Milwaukee and others. Capt. Wiley M. Egan is also mentioned as now having an interest in the vessels.
Considering the purchase price of the fleet, nothing definite is known, beyond the fact that the amount paid is less than $100,000 - and $90,000 may therefore be considered a pretty close guess. This seems almost like throwing property away, for the cost of building the KERSHAW alone could not have been less than $120,000, while the BALLANTINE cost $110,000, and the A. B. MOORE, until she was supplied with four masts of much smaller
size than the three she originally carried, must have cost Ballantines fully $100,000. It will be remembered that she was totally dismasted twice, and had to be strengthened in hull also. Thus the three mammoth vessels have been sold for considerably less than any one of them cost originally, and the purchasers have made a great bargain, even if the times do not improve yet awhile.
According to the insurance register of last year, the BALLANTINE had a valuation of $70,000. She was built in 1873, rates A1, and measures 972 tons. The C. J. KERSHAW has a registered valuation of $80,000. She was built in 1874, rates A1, and measures 1,324 tons. She is a double-decker. The A. B. MOORE has a registered valuation of $50,000. She was built in 1873, measures 1,099 tons, and also rates A1.
April 19, 1877