The Hawaiian gazette., 1916-03-28
STEEL COMPANY
PAYS VERY5BIG
|. cHARTER.|RIATES
. ~ gA,.%i Z ~ =
American : Hawaiian .Freighters
Get Profitable Contracts As
Coal and Ore Carriers g.
VI, as.s .----lG..a's'e +..>a.''g9
CHARTERS CALL FOR 100 ',,1,'@ 4
: SERVICE TO BRAZIL
81 %. .."-- q g.. g. ~
Prices Range From $4,000 70
| sl46,oOo In Case Of ny ~,
.y a. Arizonan = 7.

X, Details Of future charters for its yes.
sells Incident to the withdrawal Of Tie
American Hawaiian frsighters' from the
Hawaiian. Atlantic coast .routa. have
just reached Honolulu from New York.
On charters placed with the United
States and Brazil Line, many. iof the
American Hawaiian vessels now stand
excellent chances Of returning to their
owners within the next few months
their original costs, IL not even more
than that The. steamer Iowan has
been chartered to the steamship sub.
siliary Of the Steel Corporations at q
rate Of about $9O, 900 q month Within
sIiceessiye periods Of ten days each,
the American. Hawaiian Line has like.
wise chartered its steamers Columbian,
Arisonan, oresohian, Californian, Mon.
tanan, Pennsylyanian and Hawaiian,
and with each new charter the rates
stipulated have been, increasing. Thus,
the Columbian has been chartered out
for approximately $122,OO0 a month.
the Oregonian aud Californian are be-
lleved to have brought even higher
charter prices, while the Arisonan has
been let out for a two.trip charter TO
Brazil for the neat sum Of $l48, 900 per
month. $yr' 'f ,sTag NJ s%tt.
south American Chartefs Attractive
Charters for the Americas. Hawaiian
vessels have been practically limited I'd
the South American, ronte. This Is due
to the fact that on those routes the
vessels are not exposed to the war. haz.
ards which they would meet in the
European zones !, and operation costs
are also mot as high Jat present in, the
South American trade. Furthermore,
the steamers canNSbe turned afoun,
more rapidly tat South Americans ports
than they can AZ European ports. D. ii.
The United States Steel Corporation
has been praetieaily;ythe, sole charter,
ers of the, American. Hawaiihn. ships
working through various steamship
agencies. II While many iniependeht
steel eompanies have been, and are NOV,
experimenting serious difficulties i owing
70 the shortage of ferro-manganese
and the consequent advance In the
price Of speigeleiseR and ferro, silicon
the Steel Corporation, has been able Il
place itself In q strong position be
eanse Of the far-sightedness Of its Of
ficials. ), \ 4 (; ~ {. 4. y. !; 81 NJ ,',. ~
Manganese ore From Braxil ~. u.
g. Shortly after the war had beer
started, the Steel Corporation, which
had secured most OF its manganese,
ore from India, Withdrew from thai
country and conferred its activities ii
Brazil. More than a, dozen large stsam
ers are now being continuously EN-
ployed by the Steel Corporation, II
carrying manganese ore from Brazil :,
this country and the corporation hal
three furnaces making ferro.manganes,
and two turning out speigeleisen. Will,
the charter prices paid by the Ameri
| can Hawaiian vessels which have beer
called into such service are I'D
mittedly high, the great need for tn,
manganese ore, II Is believed, has war
ranted the expenditure and the adyanc,
in steel prices is said to have prac
tically made up the difference. "
How the small steel companies hay,
been affected by the shortage Of Eng
lish circumstances Is shown by tn,
advance in prices Sales Of spot an,
April delivery of !. ferro-manganes
could be made today at $500 per tol
seaboard, as compared with norma
price Of $45 per ton existing befor
the war. Shipping men, therefore, ar,
not greatly supported at the willing
ness of the Steel Corporation to pa
almost any charter price for. tonnag
such as that taken from the Ameri
can Hawaiian Line. t't ~ ],
Carrying Goal 70 Brazil 4yry &. ~ Z r,.f..
One of the problems which the Stee
Corporation has met with, however, Ii
the operation Of tire steamers which |
has chartered Is the booking of down
ward cargo for Brazilian ports. Il
some extent the ships have been util
lied in the carriage Of steel product
to the South American ports for tn
corporation itself. OF late the deman,
for coal in Brazil has increased to suel
proportions rs TO- enable profitabl
one way coal charters to be concluded
These conditions -haye almost elimin
4 atad thu dnunxva ~ IN ,a,n attnak;on w W