Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1916-02-01


before any capital has been paid in,
to sell at a profit. This has been
especially true in the case of steam.
ship companies which are growing
up everywhere like, mushrooms. In
order 10 prevent such unsound specll-
latiOn the government is forming a
measure which will require the stock
holder to pay "a Certain amount in
cash before he can subscribe to stock
and that will forbid any transaction
in stocks on which nothing has been
! paid down.
Shipping FIourishes
The Norwegian shipping trade has
f1Onrished as never before. The high
freight rates. which show no signs Of
reduction and the scarcity of foreign
tonnage, has made the Norwegian
shipowner q rich man. And this not
Wilhstanding that the loss to ship
ping as direct result of the war has
been heavy. In all fifty-four 'Norwe-
San steamers, and twenty.eight sail
ing vessels, altogether representing
$l3,000,O00, have been blown up with
the loss Of seventy-one sailors. New
ships have been added, however, at
a faster rate than ever before, and
still the yards are unable to keep up
with the demand.
A number Of ships have been or
dered at American yards, and some
of them sold several times over be-
fore ready to be launched
Two months ago five motor tank
ships for the oil trade were ordered
at a newly formed Norwegian com
pany at American shipyards, to be
delivered next fall. OF these four are
already sold to other companies
| (three to France and one to Nor
wegian company at clear profit Of
$l,250,O00. The stockholders had only
paid small part on their stock, and
now the company is dissolved after q
couple Of months, without conducting
any real business, and having cleared
a little more than 100 per cent on it's
| fixed capital. 4
Lumber Trade Good
The lumber trade has also had
very good period The demand for
round timber and props has been so
great that, notwithstanding the high
freight rates, the high prices have
given a great profit
The fishing industry has had a good
catch with prices doubled. Such a
product as raw cod liver oil sold at
- barrel a year ago. It is now
sold at more than $50 barrel.
Fishing in the North Sea has been
practically abandoned because Of the
war, and is in that way protected,
a protection that has not been pos
sible before although some of the in
terested nations have in vain tried to
come to an agreement in that way.
Fishing experts declare that fishing
in the North Sea when the war is
over will be extremely profitable.
The canning industry has had many
difficulties to fight against. The in
creased demand from the belliger-
ents has caused an advance a in the
price of canned goods, but aside from
that, prices on raw materials as olive
oil, tomatoes, fish and lmeat have
gone up. The canning plants are de-
pendent on England for their coal
and tin, and shortage on these prod
ucts has caused much trouble.
The price on tin is doubled and it
is difficult to get. as the British gov
eminent has taken the tin factories
for the munition production and Eng
land also is controlling the tin i'm
port to Norway from the United
States. so it seems that some of the
Norwegian canning plants will have
to close down.
From the United States comes the
report that some canning plants in
Maine lhave found it profitable to
work on the same lines as the Nor
wegians and produce fishbals and
canned herring at prices lower than
those imported from Norway. There
is no reason known here why Ameri-
can canning plants should not be
able to compete in this line-espec-
tally as they are now employing Nor
wegian experts from the best fac
tories here.