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Steamship Merger Off The definite termination of negotia- tions seeking a merger of American- Hawaiian Steamship Co. and Dollar Steamship Co. Ltd., two of the larg- est shipping companies under the American flag, was announced on May 6 by President Roger L. Lapham of American-Hawaiian in the following statement: “Certain directors of the two com- panies have, as individuals, endeavored to find a basis of consolidation which they could recommend to their respec- tive stockholders for acceptance. Not having been able to agree on any plan satisfactory to both interests, negotiations have been definitely dis- continued.” The Dollar company operates five freighters and 19 combination passen- ger and freight vessels in the trans- Pacific and round-the-world trades. Organize New Company The Isthmian Steamship Co. a Delaware corporation, controlled by the United States Steel Corp., has been organized and has acquired and will operate the ocean going fleet of cargo steamers heretofore owned and operated by the United States Steel Products Co. under the trade name of the Isthmian Steamship Lines in transporting the company’s products. Ocean Freight Rates Per 100 Pounds Unless Otherwise Stated Quotations Corrected to May 18, 1930 on Future Loadings NOTE: FREIGHT RATES STEADY WITH SLIGHT CHANGE New York Cotton General cargo TttFinished REMARKS _ From North Pacific Lumber to Grain Provisions (H. D.) Flour cu. ft. 180 Ibs. steel Freight Offered Ports to Per m. t, Liverpool...... 1s 6d $0.65 0.45 0.18 $0.50 £0.90 $8.00T*** Fair. San Francisco........... $4.00 to 4.25 London ssn. ss 1s 6d 0.65 0.45 0.18 0.50 0.90 8.00T*** Fair South California........ 4.00 to 4.50 OHO oo ses $0.11 0.45 0.50 0.30 0.42% 0.85 8.00T Poor Hawaiian Islands........ 9.00 to 10.00 Copenhagen.... 0.11 0.45 0.50 0.30 0.45 0.90 8.00T Poor ‘New Zealand. 27... 27. 16.00 to 18.00 xHamburg..... 0.08 0.3234 0.45 0.18 0.50 0.90 10.00T Poor Sydney eyes ee: 9.00 to 11.00 xBremen.....+. 0.07 0.45 0.45 0,18 0.50 0.90 10.00T Fair Melbourne-Adelaide..... 10.00 to 12.00 d ‘ Pero-Chile. i005 5 5 cc 13.00 to 14.00 Ameterdam..-, 0.09 nA ee ie ee i ese Fair South Aisea... 1. 23 15.00 to 17.00 Antwerp......- 0509. Ge Oe 0.45 0.18 0.45 0.80 9.50T Poor Cuba 2 eee 12.00 to 14.00 Havresy. sce ss 0.10 0.37% 0.31 0.30 0.45 0.80 9.00T Good United Kinedom 47s) Gd te Ge Bordeaux.....- 0.10 0.37% 0.31 0.30 0.45 0.80 9.00T Good Baltimore-Boston range. .$11.00 to 12.00 Barcelona...... 0.50 0.30 10.00bags = = —12.00T— 12.00T Fair Florida Range.......... 15.00 to 16.00 Lisbon. ...... ‘ eee 0.65 0.45 8.00T bags —23.00T— 8.00T Fair Buenos Aires........... 16.00 to 20.00 Marseilles...... is 0.65 0.40 7.00 bags —23.00T— 8.00T Fair South Ameren <= Bae Genoa... 2... a 0.12 14.25T 0.50 9.00 —23.00T— 11.50T Fair CoastcG ee ae 13.00 to 14.00 Naples... ..... 0.12 14.25T 0.50 9.00 —23.00T— 11.50T Fair South America — West Constantinople. 0.27 20.00T 0,75 0.4044 —24.00T— 11.50T Fair Coast APPR Re es dee 13.00 to 14.00 Alexandria..... 20.00T 0.75 0.40% —24.00T— 11.50T Fair Chitac, oo) aes, 6.25 to 6.50 Algiers........ 0.75 0.60 8.0T bags —23.00T— 11.50T Fair JAPAD sei cease 5.50 to 7.00 $*##Dakar...... 20.40 : 18.60T —27.60T— 13.80T Fair Japan (logs)... . 0s... 7.00 to 9.00 Capetown...... 18.00 - 13.00 per 2240 lbs. 20.00 20.00 Fair Floue. aed Wheat Buenos Aires... 22.00T Ae 20 to 22.00TT 8.00 to 8.80T hae Uo Ko and Canes *#Rio de Janeiro 22.00T : ernie 30 to 22.00Tt — 7.00 to 7.70Tt ue (gross- tons) <0. 5G 17s 6d to 21s Pernambuco.... cede 22.00T ‘ 9.00T —22.00T—F 9.70Tt Fair Oriental Ports (net tons).. $2.75 to 4.00 Havana. .s...s 0.30* 0.50 ra 0.30* 0.61 1:33 10.00 Fair Vera Cruz..... 0.35 0.40 0.50 QBs Se eee x 0.25 t0 0.35 Fair Valparaiso..... 1.07 ga ae 0.70 10.00T Fair San Francisco. , 0.45 to 0.90 aor O.40to 110 a .-.. 0.25 to 0.30 Very good NOTE: Lighterage rauée an isl 4: Mae *Sydney....... 20.00 1,25 15.00 17.50 to 25.00 9. 00 and 12.00 Poor York reduced from 634 to 5 Ye (x)Caleutta.... eae 0.60 to Bombay Bailie ai Har sie Britain is now settled and freight not Calcutta rates or bunker prices for coal or T—Ton. tPer quarter of 480 lbs. tLanded. tt{Heavy products limited in length. *Extra charge for wharfage. pig iron are again quoted. ** tes to Rio de Janeiro on account of congestion. ***Plus 15 per cent. oS re ee "No general cargo rates to Vera Cruz. | ae *Flour to Sydney—$22.50. General cargo—$17.50 to $27.50. Finished pene and . 50. : #48 i D , will be based on whether the company makes a contract. Rates with- “iligegacr ae gat nde ie 20 ort poll Meher: With a contract the same rates as last month apply. (x)General cargo to Calcutta is $18 up to June 30. After June 30 it will be $20. General cargo rates to Havana change daily and are omitted for the time being. Rates to Calcutta are subject to change without notice. Cotton , goes only to Bombay, Landing charge ad $2.00 per freight ton at Principal Rates To and From United Kingdom Valparaiso. d 8 d ° . . Grain. River Plate to United Kingdom.. 14 0 Pig ony hehe Kingdom to New York or : faa Sout Wistce 40 Nest Batts: ss: ig. deep eee Bak Ce i i ires.. ; Oth es ows sath Gre, Pou to Philadelphia. ee poke Iron ore, Huelva to Phila. or Balto....... 10 9 Bunker Prices , At New York At Philadelphia Other Ports i i i | Fuel oil Diesel Eng. oil Boston, coal, per ton... $6.86 : eee in of peg mide trim. ay ‘lank Afro he alouaside Boston, oil, f. a. 8., per i 4 ep eeese spig eee vor pat per ton per barrel per gallon barrel. ‘. zs ; Boe ss ie 2 P Bypwe. aera “Lue” eg” fog toy tamasas PEE Bega a7 e 3e 18..." 5.0008 40 i933 Sm 4.9005.25 1.10 4:88 April 18—Cardif, coals 4 et. 18 pare 2 ON as 32 1.10 4.92 Octi 18.0.0 4,90@5.25 1.10 4.88 Eero are ennss 1586 ee .00@ 1710 4.92 Noy: 183:.5°3.< 4.90@5.25 1.10 4.88 . - ee on, oal, P 08 ae seg Sees Sek eS | 4.92 Dec: 18.2.5... 4,.90@5925 1.10 4.88 pean LB pegndag 9 : en eee eos ae 4.92 Jans becca 4.90@5.25 1.10 4.88 . ntwerp, ae iL Be > Feb. a: 20033 38 110 4.92 Keb, 182500.%. 5.00@5.25 1.10 4.88 Antwerp, iesel oll, per, Mas e002 gn@s23 110 +3 Mar Te 2 00@s 281.20 {83 Belle ports, "Fuel al, 67» 6d iy 7. ise 3 Dogs 3 Le Poe May 18, ‘1930. 5.00@5.25 1.20 4.88 Britis, ports, Diesel oil..828 64 MARINE REVIEW—June, 1930 47