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‘3 60 MARINE REVIEW December, 1926 for fancy freight rates elsewhere. TABLE 8 The Hon. Silas Tiller, thoroughly Fine vessel 8,000 2,000 4,000 6,000 4.23 10.43 6.97 5.24 54,430 165,140 105,380 75,500 oF 000 6, 150 7,610 8,360 Full vessel 2; 000 4,000 6,000 6s 708 ~ 5.29 hy 500 101,230 71,860 7,820 28; 540 amused the audience and also offered a number of thoughful suggestions for better co-operations on the part of various groups in the marine in- dustry. Mr. MacCracken who is as- Length of voyage in miles Round voyages per year Total weight of cargo carried. Total weight of coal consumed.. 6,3 20 3 TABLE 9 sistant secretary of the department : . . Full vessel ine vesse of commerce in charge of or atanahilie Length of voyage in miles... ... 2,000 4,000 000 8,000 2,000 4,000 6,000 8,000 * 4s . re OPRECla tion oie a eee aed 4,250 4,250 4, ; ; : , > aviation made a splendid address ap ingens 7230 7230 7.230 7,230 7.400 7.400 7,400 77400 pealing to the members of the society Office Charbetn es Bee 2,370 2,120 2,000 1,930 eed 2,480 ett Bes Se ° ODAMB RO anc She ane ee 030 =1,21 152908 ; 5 , > for their interest and support in the Stores... Saar fea 1,030 1,210 1,250 1,350 1,020 1,200 1,290 1,340 : tats ABER ek CPT Fe eee 6,360 6,800 ,020 ; F , , , development of commerical aviation Hetero 3'200 2;120 1,590 1.270 3,280 2,200 1,650 17320 which in a sense is quite closely re- BeAyRdOrNG 7 3 acs ceed Btn 16,370 10,510 7,610 5,890 16,820 10,920 7,970 6,180 ec pn ocr er soe 6,320 7,820 8,540 9,000 6,150 7,610 8,360 8,800 lated to navigation on the water. Homer Ferguson received with tra- Total operating costs......... 48,160 43,270 40,820 39,420 48,800 43,830 41,350 39,830 ditional warmth, made the point that he had stopped making speeches be- TABLE 10-_FULL VESSEL cause what was ‘wanted nowadays was the cheerful speaker whe could Length of voyage in MSR oa hu ta ee 2,000 2000 6,000 oe . . PELOLINR COREE INT tyr ciiaty wee swine ca gee oun ds Me ia a 48,160 f 40,8 f put a good face on the situation Cie teed ee ee ta Bee 160,500 101.230 71,860 54.430 making everyone feel that after all Preight tateun- shillingai.c) oe ce eyes ae hae ne 6. 8.55 11.36 14.49 the shipping industry wasn’t so bad. He said that if he was to speak it would be necessary to say some things which would not be popular. He had, however, consented to act as a speak- er because of his long friendship and high regard for the president of the society. Mr. Ferguson condemned navy yard competition with private shipyards and also the negligent at- titude of the government, after hav- ing agreed to limitation of armaments, in not keeping up with other nations within the limits of the treaty. Full Form Uneconomical (Continued from Page 50) 9. Coal is taken at £1 per ton. Table 9 gives the detail of these comparative total operating costs per year. From the total operating costs per year and the amount of cargo car- ried per year, the necessary freight Length of voyage in mlies Cargo carried in tons Assumed freight rate Income from cargo carried AAS adeat costs in £ the 2000-mile voyages to £1720 on the 8000-mile voyages. Summary The economic disadvantages of the full vessel as shown. in this paper are based on a year’s trading on smooth-water voyages, but on actual service the gain for the fine vessel will be much greater because of its capacity to make better passages in rough weather, and the amount will vary with the weather conditions. The calculations show that, although a full vessel may be built at a smaller first cost per ton of deadweight than a fine vessel, it will pay an owner 4,000 6,000 105,380 75,500 S55. = VE 36 45,050 42,880 43,830 41,350 1,220 1,530 Anchor Chain Ordered Orders were received during. Octo- ber aggregating more than a mile of 24-inch and 2%-inch cast steel anchor chain, to be made by the Sharon works of the National Malleable & Steel Castings Co. The order when com- pleted will weigh approximately 300,- 000 pounds. This order comes from the American Shipbuilding Co. for use on five new bulk freighters for the Great Lakes and is the largest of the kind received by the Shenango valley industrial plants for some time. Robert Magruder, former president TABLE 7 and general manager of the Johnson : POH osact es Fine vessel ae Shipyard Corp., Staten Island, N. ength of voyage in miles....... 2,000 4,000 6,000 8,0 i 4,0 j ,0 2 ‘ ’ ee iS 178) 846... 565 30), 7 tia 9499; 3s 069 1379 Y,, died Nov. 13 after two years Dieta pores ee 18h < +4990 100 S4r a TOL NGG) 2103 86 illness at Clifton, Staten Island. He rate to clear expenses can be deter- mined, and this is given in shillings in Table 10 for the full vessel. As both vessels are assumed to be in the same trade and under the same ownership, it may be taken that the same freight rate is available. The freight rate in Table 10 has been applied to the fine vessel, and the resultant income. is shown in Table 11 together with the difference between this income and the total operating costs in Table 9. It will be noted that the fine vessel shows a financial gain on the year’s trading over the full vessel, and this gain varies from £740 on also on a to consider his. vessel vear’s trading basis before settling a contract. The very full vessel may suit some trades where smooth-water voyages are assured and there are special dimensional limitations, but, for ordinary service, the fine vessel will carry more cargo per year and at a cheaper rate, and the slightly greater first cost will be got back in the extra profits from one or two year’s trading. Generally speaking, therefore, very full cargo vessels, although cheaper, are not economically advantageous when compared with similar vessels of finer form. was aged 71 years. Capt. H. L. Colbeth was recently elected president of the Boston Marine society. Other officers elected were Capt. A. A. Corey, vice president; Capt. Samuel Pray, treasurer; and Capt. Aberdeen H. Child, secretary. Roy S. MacElwee, Ph. D., com- missioner of port development for the port of Charleston, S. C., has been selected by Chairman T. V. O’Connor, of the United States shipping board, to officially represent that body at the International Navigation congress to be held in Cairo, Egypt, in Decem- ber.