The Hawaiian gazette., 1916-06-23
KOREA AND siberia.
COMING TO HAWAII
New 7. K. K. Additions To Be
Placed On Oriental Run From
San Francisco

Tn" former Pacific Mail steamer
| orra, whey was purchased with tho
Siberia from the Atlantic Transport
Live by the Toyo. Kisen Kaisha, will
arrive in Honolulu from San Francisco
innugurnting its reappearancc in the
tan-Pa"ile trade, abbut. August |, nc.
,"rdrng to radiogram received from
san Francisco yesterday.
tn" Siberia will join her sister ship
the Korea, and the new additions will
be- added to the T. X. X. fleet, the
rrnyo Maru and ShinyO Maru. Sch"
dulles Of the new snilings on the rcgu
la1 San Francisco Yok ohaha run. via
Honolulu, will be Published in the near
future. The Siberia is now in England
unloading y cargo Of munitions She
viii be- despatched 10 New York, and
shortly after her arrival will sail TO-
Sun Francisco via the canal.
The sale by the Atlantic Transport
inc Of the two former Pacific Mail
liners Korea and Siberia to the
japanese transpacifc line Toyo Kiscn
Kaisha, is viewed in shipping circles
with n great deal more interest than
= usually given such, transactions, says
shipping - Illustrated, because it il
ielt in some quarters that being in
such an excellent position to gauge
the freight market situation, the At.
lantic Transport line would not have
disposed. of these vessels had there
seen immediate Likelihood that the glur
Of traffic offering for transportation
rross the Atlantic was to keep up for
t much longer period.
1t is, therefore, probable that this
sale presages a nearby lowering of the
chipping tension and consequent drol
freight rates. ,.....
This situation is not necessarily
predicated upon the prospect of Al.
early peace, but rather on the theor,
that the critical period has been pass.
ed as far as the requirements of thu
Allies for war material are concerned
and that heneeforth the tendency viii
be toward a gradual return to nor
nal conditions as far as Transatlantic
traffic is concerned.
Another point is that these boats
are large passenger carriers, having
accommodation for go cabin, 100 sec
ond and 653 steerage passengers, an,
if a large emigrant traffic were cx
i'ected TO follow the termination OF
the war they would constitute fin,
units for such traffic. Therefore. thci
sale may be said to indicate on tn,
part of their former owners the belle
that emigTant traffic will not be OF
large proportions after peace is de
clared
The Korea and Siberia having beer
built specially for the transpLcif,
trade, are specially well adapted t.
the requirements of the japanese Inns
which was In need of additional ton
mage even before it suffered the. lost
of the turbine liner ChiyO Maru, re
Gently wrecked near Hongkong.
. The Korea and Siberia we're bull
ut Newport News, Virginia and de
livered in June. 1902, as the first step
in the rehabilitation of the Pacif
Mail under the control of the lat,
Coils p. Huntington. They cost t,
built $3,975, IA, being twin-screw boat
" ll,276 tons gross and eighteen knots
speed. Upon the winding up of thu
affairs of the old Pacific Mail Steam.
ship Company last year they were sold
along with the rest of the cOmpany's
transpacific fleet consisting, beside,
the Korea and Siberia, of the Mon
gOlia, Manchuria and Climate thu
Atlantic Transport Line, one of the
of the International Mer-
camille Marine Company, for $1,000.
900 the two.
1t is now reported that the Atlantic
Transport Line realized 100000 out
OF tn" sale of the two ships, which
must he considered a record price for
two fourteen " "r-old liners.
- 1t is also said that the first bid
made by the japanese Line was 3d.
200, 900 for the two ships. which was
declined. The bid was raised later e.
S3s5OO,OO and finally to $4,000 900, at
which price the sale was made.