New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-08-27

Importaiions From British
Ports Gain New Life as
Supplies Here Dwindle
Despite Strike Settlement
Grain Movement Is Active
Demand Strong for Ships at
Montreal and Gulf; Rates
From N. Y. Are Still Low

From ". Y. Are Still Low
! Shortage of bunker coal at Atlantic
ports and continued high prices are
handicaps to shipping, and many. own
ers are. refusing business which would
otherwise prove attractive, according
to statements from ship brokers yes
terday. The movement Of coal from
Great Britain to the United States
gained new life last week when it was
seen that the settlement Of the mine
strike did not result in collapse of
prices.
The Shipping Board yesterday char
tered the steamer Nacata, $500 dead
weight tons, at 10 shillings ton,
for prompt loading of coal at British
ports. This brought the total char
ters of government vessels to eighty,
of approximately 100000 tons. 1t is
estimated that 100 to 40 British ships
have been chartered for the movement,
aggregating about 100000 tons.
The demand for grain tonnage con-
tinues strong at gulf ports and Mon
treal. but rates from North Atlantic
ports remain weak, due to the arrival
daily of coal vessels which are bid
ding for return cargoes Aside from
the coal and grain shipments, the
charter market is weak.
The tendency of rates is to favor
shippers, as vessels are offered in
Al oil
ments. Occasionally short" is COM
PEELED to pay an advance for a certain
date, but this is unusual. Tonnage is
accommodating at Atlantic ports for
which cargoes are scarce. Shipowners
must face the alternative of placing
their vessels from Montreal or the
gulf, or else of making the long re-
turn trips in ballast. Funch, Edge G.
Company give the following review of
charter market:
Grain-The demand continues best
quirements a close second; from the
Atlantic Range there is practically
nothing doing; one or two orders are
workable but require spot tonnage and
merchants talk very low rates-one re-
cent indication being at 10c per 100
pounds to the Continent. Shippers
claim to have booked parcels at even
below this figure; one fixture from the
Range was done, however, at lie and
another at IL hc, which are considered
exceptionally good in view of the state
of the market Montreal Continent is
quoting at 12c per 100 pounds for Sep
TENDER and spot tonnage could prob
ably get around 15c; shippers managed
to get under the 12c rate on two Sep
TENDER boats, one being fixed at 111ac
presumably because of her requiring
extra insurance, and the other at lie.
Gulf Continent is quoted at 15za to Ice
for September and orders appear plen-
tiful. The Mediterranean demand is
good from both the Gulf and Montreal;
tic is offering freely from Montreal to
West Italy for September and October
loading and 19c to the same destina-
ton from Gulf ports for September
Montreal Greece is Offering for Sep
TENDER loading at 1Sc to 18Hac but
without success as owners ideas seem
to be around zoe to 21c on this
business.
Coal-The position has not altered
materially from last report. The rail
strike evidently is by no means settled
yet and the anthracite coal situation
also appears deadlocked for the mo-
ment. Interest in British coal has con-
sequently revived somewhat and addi-
tional cargoes have been sold this week
for September and early October ship
ment. Coal prices declined early in the
week from previous levels but at
present are steader again on the
strength of the unfavorable turn in.
the rail strike. Freight rates are hold
ing around los to los Cd with free dis
charge and quick despatch from Wales
or east coast United Kingdom to
United States north of Hatteras, on
which basis considerable tonnage was
closed during the week. There is
fair demand for additional September
tonnage on this basis, although some
| shippers are now talking lower rates
on further charters.
Sugar.-All requirements appear to
be filled at the moment, charterers
having now taken tonnage against all
their definite orders; the top paid
Cuba United Kingdom was 21s Sd,
while Marseilles was pushed I'm to
25s, the latter rate being exceptionally
high, and is about As above shippers
original intimation. Additional orders
are expected to develop in the near
future to both United Kingdom and
Marseilies, but shippers expect to do
much better on rates for September
tonnage in the event of business ma
terializing. The market is very quiet
on sugar from Cuba to United States
ports, and no orders are available for
tramp tonnage at present. 1t appears
that the refineries have not vet pur-
chased their September requirements
and that some fresh business will be
workable when the September sales are
made.
Lumber.-The only business which
mas shown any demand for lumber
tonnage Is from the Pacific Coast to
Montreal, one or two cargoes being
offered for September loading at
$500 to $14.00 and latest indication
being at $14,50 per 1000 Sup. feet
with option of a United States Allan
nc port at about s12.5O to $4,000.
peals from Canada to United King
dom are quoting at 65s for October
loaaing on handy size tonnage; other
VASE there IS no activity to report.
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