The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1916-05-11
FORTUNE IN SHIPS AND SHIP
BUILDING.

Some 1900 vessels have been swept
from the seas by war--somc informed,
some sunk. The total tonnage put out
of service is already near 100000.
and with Britain, France and Italy
more occupied in building warships
than merchant ships, it is rcckunrd
nat Il the war ends in year there
ili pe. even after the interned or
ol.i. andccred vessels are available,
shortage Of more than 100000 tons.
| For, although American yards are busy
or eighteen months. although they
are expanding their plans, while mo-
.iLund plants are being revived and
sev ones set up, the COZ ships now
nder construction in the United States
| will not be launched within the year
i'll not MI the void These vessels
lcw building represent only l,lSOOOO
- t-nnu-c. aud a good deal of II Is
for our own and other nayies. There
,.ere only three ships offered in yes
terGay's hur. iedly organized auction
and the Marine News, in its free de-
partment for bringing buyers and sell
crs together, lists but twenty-five ships
which owners are willing to sell at i
fixed price. The pressure of offerings
of high prices and place in America
where exchange of gold for ships
can be instantly effected will doubt
less disclose larger market as well
as test out how far the imperative
ness of the demand will 10 in setting
romantic rewards upon facilities for
ocean carriage
Here are some typical wonder tales
of the enchantment of values in ships
within a short period
Four-masted schooner jerome Jones,
launched the other day from the re-
yived yards at Bath. Me-, cost $780,
900, already chartered for one voyage
at $4,000.
A California firm paid $500 in long
distance telephoning TO New York to
charter an American Hawaiian steam
er for a trip TO Vladicostok at rate
Of $1S5,OOO per month.
Steamer Navajo. built in California
five years ago for $25O,OOO, was sold
last month for $4,000
Steamer Jerseymoor, just loaded
from Philadelphia for France with
-four, will receive $l35.OOO for the
voyage.
Steamer ]. Edward Drake. sixteen
years old. 7s9 tons net, offered in Oc-
tober for $4,000. sold in March for
S55. 900.
Dollos Steamship Companys Mack
NAV, sold eight months ago TO Flood
Brothers for 100000. lately resold to
the Japanese for 100000.
United States Collier Justice. TWEEN
ty-fve years old valued at $4,000 be-
fore the war, was auctioned by the
government at 100000.
Chilean steamship Gobernador Bo-
yies, 3,O49 tons. Belfast built, sold six
teen months ago for S62,500, was re-
sold to Norwegians in February for
$500 900. and lately again resold to the
Japanese for $675.OOO.
Steamer Doonholm. twenty-three
years old. 2.777 tons net. in December
S495. OOO in March. $595.OOO.
Steamship Marie Glaesor, eleven
years old, s3l tons net, captured from
Germans and auctioned year ago
January at S9l.l25, has just been re-
auctioned at $225.OOO,
Steamship Isle OF ,Arran. twenty
two years old. 1859 tons register. sold
10 Norweglans In November for t7O,-
600. just resold to English buyers for
SS7 500.
Steamship Berniea (British) seven
teen years old. sold for $3.50. 900. char
tered for two years at $4,000 month
that is for the next two years she
will almost earn her purchase price