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$3.50 per net registered ton per month and recondi- tions the vessels at its own expense. The charters are fot five years, after which time the company will have prior option to purchase the ships. The company will operate in routes between New York and Queenstown, Cherbourg and Bremen, returning via Cherbourg and Southampton; New York,' Dover, Boulogne and Danzig; Boston, Queenstown, Cher- bourg and Bremen, returning via Southampton and Cherbourg. The company will also have the right to run services to Mediterranean ports. The Pow- HATAN, it 1s understood, will be operated between New York and Danzig by the Baltic Steamship Co. Recent reports indicate that the Kerr line will obtain some of the ex-enemy ships also, but confirmation of this 1s still lacking. This line has since merged with the Harriman interests. The Submarine Boat Corp. has organized two subsidiaries: the Transmarine Corp. and the Atlantic Port Railway Corp. The plan is to make use of Newark as a shipping base and utilize some of the fabricated ships built at the Newark yard, running to Cuba, The new line is reputed to have been nego- tiating with some foreign interests for contracts to carry sugar from Cuba to European ports. The Iratta has been assigned for the first run from Newark to Havana. Megee, Steer & Co., Philadelphia, * have announced the incorporation in Establish Baltimore of the Maryland Steam- : ship Co., which will operate between Freight Philadelphia and European _ ports. Lines The company expects to obtain 10 freighters similar to those built at Hog Island. The American Steam- ship Co. has been organized to establish a service from Baltimore to European ports. The Acme Oper- atng Corp. has announced a regular freight service between Baltimore and Cuba. -The Neptune Ship- pmg Corp. has been organized in New York, but its Plans have not as yet been divulged. The North Atlantic & West- ern Steamship Co. has inaugu- --_. Ending Ship Program eM TO June 5, 1920, the ship- _-- Ping board on a program call- ing for 1300 contract steel vessels had laid keels for 1278 aggregating 8,597,245 deadweight tons. Of this number, 1172 vessels of 7,649,245 deadweight tons have been launched While 1073 of the vessels launched have been completed and delivered. The tonnage delivered is 6,842,187 deadweight tons. The program Vessels with a deadweight tonnage of 2,687,266, keels for all of which been laid. Of 'this number, . of 2,585,966 deadweight tons ive been launched and 372 of these Sh a deadweight tonnage of 2,- 9/2,666 have been delivered. May Steel ship deliveries were 39. ee called for 394 requisitioned steel rated a_ service from _ Philadel- phia to the Pa- cific coast. - Tis company will operate between Boston, -- Phila- delphia and Los Angeles, San Francisco, Port- land and Seat- tle. The Pacific line, having converted the EssENQUIBO to an oil- burner, will send _ this vessel in service between New York . and >the west coast of South America. 363 ixperts in This Country and Abroad FREIGHTS HOLD Rates Unchanged Although Some Shippers Delay in Hope of Drop -- Market Still Unsettled on Pacific Moore & MacCormack, having established a direct American line to Ireland, will extend their services to French, Belgian and Swedish ports. The Dollar ine has just sent its first return ship from the Pa- cific on the run established this year out of New York. __ Subsidiaries of the International Mercantile Ma- rine have been active during the past month. This company has petitioned the state department for per- mission to operate freight and passenger services between' New York and a Russian port, probably Odessa. The CLEVELAND, turned over to the White - Star line, has been placed in service between New York and Liverpool. The Red Star line is inaugu- rating a freight service between Montreal and Ant- WeID.. - Among other foreign operations is the scheduled beginning of a regular passenger service between Boston and Liverpool by the Furness line. The Fort Victoria will be the first vessel to sail. The Yankee Mail line will have a service between Vigo, Spain, and Cuba and Mexico. The Compania Sud Americana de Vapores has inaugurated a service be- tween New York and ports on the west coast of South America with the combination steamer RENAICO. The Holland-American line expects to establish a freight service between Rotterdam and San Fran- cisco via the Panama canal. Some of the larger Dutch shipping interests have effected a combination for their mutual protection. The combination is known as the United Netherlands Steamship Co., eight companies participating, among which are the Royal Netherlands Steamship Co., Royal Dutch West India Mail, Holtand-America, and the Rotterdam Lloyd. The Dutch companies have just come through an expensive strike, which tied up their transatlantic nassengver services for three months. Freight conferences held in the United States recently have been Board participated in by both British and . American steamship interests. Such Sanctions conference agreements in the future Conferences must have the sanction of the United States shipping board in accordance with American shipping laws. The Japanese, it is exnected, will also join in these confer- ences. The possibility of bringing all the warring fac- tions together to make for stability in the shipping business has been pleasing to the British and American owners also. express complete satisfaction. A more liberal outlook is apparent as a result of this getting together. American- interests have been exercising strenuous efforts to establish an insurance pool which will be adequate to take care of American insurance needs, but until that is possible American steamship