The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1915-04-18
EXPECT OCEAN
FREIGHT RATES
TO BREAK SOON
Are THAT THERE
WILL DC A LEssgNINc or the
CHARGES Nv WHICH SOUTHERN
PORTS WILL BENEFIT.

1 N@NAR AtNAkNtA arc expected 70 snow
a big decline shortly, and this will
greatly benent southern ports. espec-
tally those exporting points where
timber and lumber are handled. and in
which Pensacola Of course will rear
the benefit The demand for cotton
carrying steamers IL diminishing
/ This may also be truly said OF grain.
OF and coal carriers are IN demand,
but the large number Of steam ves-
sells requisitioned for cotton and grain
/ transportation. but which viii now he
idle. will permit the lumber shippers
20 have a show at steam bottoms AZ
rates which may not be considered
| prohioitive, and every indication points
| 20 a large number of large idle steam
ers shortly. OF course this win mean
a lessened freight. and that is where
the timber exporters will get busy.
II No less an authority than The Jour-
mai OF Commerce. New York. takes
such a view OF the leasening ocean
freights situation. and In general
Il comments upon the conditions prints
the following extra good news for the
timber exporters as well az the naval
stores men throughout the south:
FRElGHTs ARE DECLINING.
III - AAt AfFtkHA mar FA NtA AAt@
eve 81 the anticipated decline with the
/ advent of summer This question II
i being generally debated in shipping
circles in view Of the Developments Of
I the past fortnight occasioned by the
sudden hating movement I'm the de-
\ mand for freight room one % tho
largest forwarding houses In the city
this week sent the following advice 10
al its patrons.
|. The rates 20 all ports throughout
Great Britain have increased mater
/ tally since early March. but there is
/ not enough cargo Offering 10 warrant
the steamship companies keeping rates
high, and We think that within the
course OF q few weeks conditions viii
be such that material reductions will
be made and that business can be
booked az almost eli ports at 40 20 so
shillings. The eongested conditions az
II various seaports throughout Great
Britain have not been relieved 90 any
I great extent, but Indications are that
immediate arrangements will be made
whereby vessels will be discharged
more promptly and cargo not delayed,
as has been the case heretofore"
II MARKET IN The BALANCE.
While the above opinion IL unnsual-
ly ouispoken. other large forwarders
are not inclined To predict a break In
ocean freight rates u II admitted that
the market Is in the balance, With de-
cided tendencies lower but the future
H il marked with uncertainties. To
French ports there is stiil a fairly ae-
tive demand for freight room on regu-
Jar line steamers with little space
available. and the same condition ap-
plies 90 Holland, Scandinavia and
Italy.
A gradual lesscning in the demand
for chartered steamers Is declared 90
80 responsible for the weakness in
The freight market, II IL may be called
weak. for freight rates have not ac-
tuany declined The following report
on conditions IN the charter market
sums up the situation accurately.
sThe scarcity ~ nxtures In ali d.
rections r. now very marked This IL
especially true Of grain charters. where
little OF nothing is being Accomplished.
The interest ~ time ehartererE also
appears 20 BE- waning and ~ tho whole
\ there e not the general feeling Of
II strength which ~ late has been Sd
II characteristic of this market
The several grain fixtures reported
II we're effected some time past and rates
n obtained show a decided decline. There
\ are only a few cargoes 20 De had now.
|. the most prominent - which il an
I order loading IN the Gulf Of Marneiiles
/ al los Sd. early May eancellns. and
I another from the Gulf % West Italy az
N lis "a From Montreal 40 United
| kingdom ports - Sd - obtainable.
Y while there have been no timber
\ fixtures reported for some time, Il r.
i intimated that three Or four small
\ steamers have been taken by deal
| charterers from Canadian ports % the
\ United kingdom. the rates being in
n the neigh borhood ~ i30s. From the
\ 8ulf y sailing vessel IL reported fixed
\ aaEs ~ the west coast - the United
/ Kingdom. with option q the east
Y coast ~ z35s.
II COTTON DEMAND LEssENING
II The demand for cotton steamers has
I entirely disappeared. except for Liv-
II erpool. Manchester or Hayre. where
n several are required one hundred and
any shilling is obtainabis 20 Havrs
AM i8es 20 1855 20 Liverpool or Man
chester
Little ~ nothing has been done IN
case oil ~ late. The June-Juiy order
60 Australia II still untitled. charter
ers a. = whole are very comfortable
ii regard 20 tonnage. having antici-
natsd their needs BY charterlng ahead
The expectation of grain has been
the sustaining factor IN the charter
and berth steamship market since the
Upward movement, which began late
ia September. The outward movement
exceeding All previous records. is nov
beginning 70 shoN signs q recession.
During the past six weeks chartsring
- grain steamers to load this month
and IN May has been exceedingly
heavy. These steamers viii arrive in
European ports in Jaly. and, ~ view
81 the congested conditions In nearly
AT the ports. face detention ~ about
a month. thus Indicating TIT their car
goes win not Re unloaded until August
and probably september.
Less DEMAND FOR GRAIN
IN face ~ the declining demand for
a