The Washington times., 1915-12-08
WAR BRINGS GOLD
=. TO SHIPPING MEN
Great Fortunes Being Made by
Craft 0wners-vesseI Earns
100000 One Voyage.


NEW YORK. Dec s.--Tbe shipping
boom resulting from the decrease in
the worlds tonnage and the consequent
increase in the demand for ocean CAR
riers has brought unprecedented pros
perity to steamship companies opcr-
ating vessels ont OF this port.
The manifestations of this boom are
seen in the swollen profits of the Cum
ard Steamship Company, tine lIollard-
American line. the Norwegian A:ncri-
can line. and in the returns 10 ship
ping agents. wbcsc business has In
some cases been lu.ntnplcd by :he war.
The International Mercantile Marine,
as u result of tho profits accrting from
the wa. is said to bo almost IT, a posi-
tion to end it's rcccivershp and declare
iteelf solvent il is asserted tn. COM
pany awaits only the completion Of tie
pre- ferred stockholders audit 20 take
this step
Fruit Company Breaks Record.
An Indirect result of the war IS the
augmented profits of Tic United Fruit
COMPANY, whose excess of income over
outgo was greater than ever before in
the company; history. The profits of
the best previous year. the company
ever had arc exceeded by s15J0.00:. This
Is equal to IL per cent or the stock.
The financial status of the Cunard
Steamship Company il known to sur
pass that of the United Fruit Company.
Although no figures on the profits OF
the CunarC company are available, 1t
Is sail it is planning a dividend Of
l5 Ter cent, as we'll as a bonus among
its shareholders. In its last 'disburse-
mcnt this company awarded Il :: per
cent dividend and a ~ per cent bonus.
The Cunard company has added
twcntv-four chartered steamers to its
fleet to meet the demand for tonnage
and has established a service between
Boston and London. The company as
serts it cannot get enough vessels to
meet it's need. and that il it had
enough vessels the facilities OF the
port would not enable Ii to handle the
business ii could get.
The same is true for the Norwegian
American line. whose freight business
has increased 400 per cent This con-
Germ is handling freight for Norway
alone. Although thus restricted. the
company has chartered eight additional
steamers. The company has been COM
pelled to refuse shipments of hundreds
OF tons.
100000 From One Voyage.
In sudden fortunes made through tn.
war. Wall Street has been only a little
more prolific than the ocean. A biz
munition carrier plying between this
port and Liverpool is reported to have
cleared 100000 in one trip. A Nor
wegian company owning an iron four
masted bark paid a dividend Of 10 per
lo ~ In, To
and GO per cent last June 'Minx similar
possible before the war are known to
the shipping world.
Prosperity is by no means limited
| American trade is coming in for its
share. REPORTS from Brazil indicate
that the Lloyd Brazleiro. which is
owned by the Brazilian government. is
having the first prosperous year OF its
| career.
This enterprise was up for sale by III,
| government in December. 1sl3, and
again in June. 1914. without any offer,
being made tho first time while the one
made ultimately was rejected. Owing tc
the rise in freights due to the war. the
earnings Of the company have been Sc
| sa atisfactory that the Brazilian govern.
ment has decided to continue thu
4 service. -
|
reaped harvest. 1t was asserted here
! bv persons in close touch with Spanish
, shipping concerns that the Association
de Navieros Of Bilboa notified the Span.
ish government that twenty-three com.
panies belonging to the association were
prepared to forego their rights. as from
September II last. to tho navigation
bCunties to which they are entitled un
der the Spanish shipping law Of 1909.
In general way the war created
fairly favorable conditions for thu
Italian mercantile marine. and the NaNi
gazione General Italiana is able to de
clare a divided of pei, cent for thu
Figures furnished by Danish ship
ping concern in this city show tha
ono steamship company of Denmark
shows an increase of 2:5 points in il
quotation for shares compared with th
quotation in July. 1914. A striking eX
ample OF the boom for Danish com
!. panies is shown by the fact that aver
age increase in quotations for shares TO
eighteen concerns last August compared
with August. 1914. was loS points.
Greek Marine Grows.
The surprising development Of tht
merchant marine of Greece is due u
shipping profits resulting from the war
II In the period from July l. 1913 to the
end of 1914 no fewer than eighty-Av'
| vessels representing ,altoEether 2lY -
tons. were added to the Greek rsEiste:
| | bringing it up to total of SOD, DO tons
The bulk of the tonnage in this perIO'
was constructed after the start of tn
war.
The American steamer S. V. Luckcn
bach was bought by Barber & Co. from
| the Luckenbach Steamship Compan,
for s2S5.OOO. The steamer is Of 2276 ton
net register. She was renamed IN
| Omega and has recently completed he
| first voyage under that name oetweej
| New York and Archansel.
II II is reported the Omega carried doou
500 tons of cargo for the Russia!
| White Sea port and an average OF -
a ton was secured as freight SN =!
| arent-owners. giving them anproN.
mately s35aCcN for the Single trip.
III