New-York tribune., 1922-06-07
Far East Lines
IN $4,000
ToUpholdRates
o-.,;e Measure to Stop
'rii.,dercuiiing Accepted by
eoufercnce; L eg al De-
IA. To Be Worked Out
ral Include West Coast
...,.hip Companies Ply
NI' 'as 10 Orient in Move
- 90 Prevent Rate Wars

.so-. 20 prevent rate war;
.,o.e which have disrupted
y, -, il the last few months
So 80, lines plying between Ne"
- .bs Far East met at the
~. l.,,s Board Offices al 4S Broadway
Nt, - ard agreed IN principle q
=. ..','.s ,ori.its Of $4,000 each to abide
I. ,.ri,ienes rates.
= a...,,cives Of ten lines. mem
:, -, conference, pledged their
:. - q ,lis plan. It was said
800. that concerns outside the
r.. '....,.. expressed their intention
!, ,.,,,,iss It is understood also
. q. 80 ,.rs.Sies operating from the
~. v,et: cs.., to the Orient will fail III
i,t .,i,r i, perfected it means that
II ine .n ironcisd contract be-
m ns. n steamship lines operating
~. 49,, ,ss United States 70 ne fsr
,r'a n" ".,,,sir rates While the con
~ -. !. snreiple is time honored
''fshss .-.ors steamship lines. this is
49,. 80. i,rsree in this country OF a
',,,, es,h forfeit 70 prevent N'oIa'lons s'l.,..
~ =. shipgine Board was a partieii.
4. ~ meeting yesterday ana u
~, ,.. so- granted that the action
Z !, "a" \, ".,,royed by that body/Unoer
~ p, ,.. ,ct,of 1915 and the mer-
~ ,"'ps-; pp.-;s. set Of 1920, such com
s.s.,iors 70 uphold rates on the sea
'i,~,i,,es uhen approved by the
=. md arc specifically exempted
,- .sr provisions OF the antitrust
tss
v,y Include Twenty-Five Lines
,-,ns N. eompsnies which have se-
- ,ss new plan arc the Dollar
=. ~ Barber Steamship Lines. Kerr
,.....,ip ,.... Company. al American com
....s.. Nppon Yusen Kaishs. Ioyo
y',,@ r,ishs. Osaka Shosen kaisha,
s-''..i q %. Mi..ui & Co. all Jspa-
~ r,es. Norton. Lily 4 Co, Funch'
h. 4 Co.. The Prince Line. British
.~srBs and several others. When
,,,se Coast lines adhere 10 the plan
!, rgmber o. companies VIII be ca
-,.ss5 70 about twenty-five.
iuor,evs Tor tho conference Will
.,,. work a, once on tho legal de-
,,Fs THey viii recommend whethcT
5, forfeit shall be bond. a casn
,.,ss,. or some other cons ideration,
,.s also how the system can be made
I.5.rg They will decide further
-s,,icr claims for "liquidsted
,-sgss7 growing out OF violations
y M, rstes. shall be adjusted ny "a
0rn..,ee. b. arbitration or by court
SITS
N, action Yesterday was the culmi-
-,r,- q a long effort by the shipping
ssafi 70 establish the conference sys-
p-rs.ound basis. Previous agree
-,r,s a rates have been fairly sue
o,.slR but have often collapsed under
u, pressure % strong competition. The
Esil result is ar ocean war which
'res rates far below the cost Of oper-
.ca. followed by the elimination OF
n weaker companies and the restora
s1 Of rates 70 levels higher than be-
~
s;esrship conferences include only
2 companies having regular sailing'
passenger and cargo vessels. The
ri OF fates which they arc able "a
intsin Is controlled TO large extent
he competition Of tramp ships. and
also subject 10 the supervision OF tho
9pne Board
Plan Proposed Before
-.s board in the last several month";
proposed the posting OF $4,000
-a on several trade routes. Thil
|. done first with regard 20 line
,rting between the Pacific Coast sn'
Far East. but a rate war was rag
AZ the time and the attempt wa
lsseessful. II is said now that TN
~ Coast companies arc tired o.
rating below cost and arc ready 4
-s,t some plan such as that initiated
it yesterday.
Several times previously 1t was re
red that an agreement was immi
NJ In the Far East Conference. bu'
each instance one or more impor
-i lines withheld their approval. lr
Der 20 make the arrangement sue
.ssisl the board was compelled to Get
b, adherence not only OF the confer
nee members. but also OF those which
ere On the outside.
Another meeting of the Far Eas;
nts will be held tomorrow. when II
expected that the attorneys will be
'aay 70 submit their report on the
'ssl form.
4 Is expected that the Shipping
card will pursue its advantage and
ssk ne same arrangement on other
'aae routes Several important con
'isnees are now nominal or have col
'p'sd entirely Among them arc the
rs plying 20 South America, TO the
s'ani and 20 the Mediterranean. On
ger trade routes there are frequent
'iiges o. rs'e-cuiting and the confer
.ssss % not have the power 10 enforce
'"ranee OF their schedules.
=