New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-08-03
FEW ORDERS FOR SHIPS.
Not a Contract Let for the Foreign
Trade IN T1Co Years.

Little OF an encouraging nature concerning ship
building OF the American merchant marine IN the
foreign trade OF the United States Is % be noted In
this years Blue Book OF American Shipping which
IS just from the press. Rather. indeed. Is foreign
shipping still dwindling. since no new vessels have
been ordered for this service Blue Book issued
annually BY "Ihe Marine Review" OF Cleveland.
contains introduction careful review OF con
diuOns prevailing in these lines from which the fol-
lowing is taken:
Not single contract has been let FOR a vessel for
{ne torelga trade OF the United States during the
unryed among the nations = the e etS s Sis
away its freight Cog5 AM Io6 sTS years % sasrs
more clearly than this the need OF government aid
leeted? The ability TO make things L export Is
Sued ey tarlu Why not the carrier itself? Space
vastly enriched if there could De added 70 them ne
Except on the Great Lakes, where the industry "a
regulations there is little encouraging TO report re-
ss b IpG 1i IN the United States Orders
rev and far between During the fiscal year ended
built In the United states. compared with 1857
Vessels now nSr cons lot the pTeSo9s nses ysar
LeSsenaed output ior the coming fiscal year The
steamers built on the Great Lakes which number
IoFIy-one OF lSloO0 tons, compared with hftytwo ct
year was the one OF the greatest output the lake
steamers OF M Al ero[s To-s vvsrs but The IsTSsSt
output OF this type IL our history. Think OF IL,
these all for oversee trade Far gro11 il Oniv AZ
OF them can properly be credited 70 that service
the Finland. for the Red Star Line: the Massa-
4antS Transport LB sn AND the s5er FOR s s
k2Sine Mall STEAMSHIP COMPANY The Red Star and
4tlantlc transport hneS are now controlled oy the
1nternatto nal Mercantile Marine Company All
vacant the stocks
shipyards for some splendid vessels for the
wise service; These include side wheel passenger
!
Line the former to cost 100000 and the latter
and Engine Company Of quincy Mass: a 4oo-foot
passenger and freight steamer for the Mallory Line.
OF Newly and a similar vessel for the Ocean
Steamship Company. of savannah. both % be built
8oT the GSda Lines r. BE S So s
STampS, OF nadePhia' steamer for the Eastern
two steamers for the Ericsson Line saen 29 FEET
Company. Wilmington. Del. and four uredges for
government SERVICE to be built by the Maryland
brace ali that Of any Importance.
II might be II pertinent to state since 80 many lay
trade OF the United States and the foreign trads
meaning trade between United States ports. Is a
protected trade Vessels Of other flags may not en-
| tinct revival IN shPbuilding for the coastwtss
sraoe, Out tne crest appears TO nave been reacneo
of the coastng trade during the last has been
| the construction OF the seven masted schooner
since the spsssnlsR-A.meriean War naval contracts
have been well distributed among the coast ship
builders During the contracts for four battle
| have been given TO them. Contracts FOR two moro
battleshps are about to be given. and In addition
| shin. Forty-one warships are at present under
construction Eepresentlns displacement Of sSasss
| hulls and machinery S903145l6.
Company was formed to take over the plants OF tns
Union Iron Works San Francisco; the Bath Iron
the Eastern, shipbuilding. Company. New-London
nnineton Del. The Crasterf sSbII YsrS ESiiSsbstb
port N j: the Canda thanksgiving Company.
Eiizabethport n J Later the plant Of the Beth
ishem Steel Company was added, Charles n
l pany. though retaining issue OF SO 900 900 in
ADDITION he received s S IN st Ss eagay an
| vided between preferred and common II was soon
/ tied far beyond its tangible assets and earning
| were in a Thoroughly healthy condition The in
| evttable result failure the fixed
court was under the necessity Of nontnatiTe a re
6eIver Ior H. 4ns unIGr5lnate plight OF ms CON
as q thoroughly sound and excellent business: il is
that values are created by artihciaI means 4
plant is worth no more than it can earn
! does not show many orders in allowance a year
| fun wear ahead. But that is not the case now
| T., lake shipyards broadly speaking are nov
tgi Go si bos4 Se+ tor3sJ 5ove1 1
! do take dubious view OF things the Great
| Lakes The industry stated before. Is special
not ike other 2 2hiD 5 2 It is hot made pP q
multiplicity Of things is ocean carriage, but Is
| confined a few items in bulk; these Items ara
| likely TO continue TO be moved for years In con
stanJly ascending scale and ships will continue 70
/ be built carry them Moreover. fair part OF
! existing tonnage the lakes IS wooden: i Is Old
I and decaying. and must 90 the Way OF All crafrs
| and II be replaced by new and more modern
! carriers Thus shipbUilding on the lakes for many
years is assured. although the number OF orders
| for the coming year will fall considerably below
| the business OF any OF the last three years
THE PRODUCTION OF PETROLEUM.
( Washington Aug z-The Geological Survey gives
| out the following information preliminary
| statement Of the PRODUCTION Of petroIeum in 1so: