Shipbuilding and shipping embargo debate stirs markets
Washington July 29 A government embargo on ship sales to curb foreign competition sparks a clash between steamship interests and shipowners. Debates center on pricing ships at 200 a ton versus 110 a ton market rates, the cost of duplicating vessels, and delays in delivery to protect American yards and investors. The committee notes the embargo leaves investors stranded and commerce unsettled as ships and production face uncertain timelines.
MENTIONED IN THIS ARTICLE
James Henle Washington
U. Deard
United States
Committee of
Ffre
Europe
Budget cuts and proposed savings in new office system
Treasurer William Gaines reports a $2,662 reduction from the department estimate for 1971. The largest cut is $6,020 from salaries, with unclear gains from the proposed installation of steen index cases at $2,500.
MENTIONED IN THIS ARTICLE
William Gaines
Agricul tural supply figures from last year released
Estimates show 226 percent of supply carried over 48 461 000 bushels and farm stocks on July 1 totaling 47 756 000 bushels. Country mills and elevators report 26 989 000 bushels at large accumulation points across the region.
MENTIONED IN THIS ARTICLE
Ing
Department of Agricul
Trade Prospects Highlight Remarks by Logan at Assembly
L Logan United States consul at Saigon spoke at the Penang chamber assembly about Seattle Malay peninsula trade. He outlined potential calmer relations with French Indochina and described his route to Washington and his new post aboard the Fushimi Maru.
MENTIONED IN THIS ARTICLE
Seattle
Malay Peninsula
L. Logan
United States
Penang
Logan
Washington, D. C
Saigon
Gall
Relief Expected If Refrigerator Cars Shortage Persists
Federal reserve report notes limited flow of cow supply due to car shortages. As four months loom with no relief, trend raises concerns over rail rolling stock for crop shipments in the Northwest and overall market pressure.
MENTIONED IN THIS ARTICLE
Federal Reserve
Ship News Tides in Seattle
Tide data and vessel timing details compiled for Seattle harbor. The record lists initial high tide at 88 feet and next tide at 110.38 pm with measured heights around 6.6 feet, noting minimums and shifts across the July entries.
MENTIONED IN THIS ARTICLE
Seattle
Storms Hold Off Liner Victoria at Nome Roadstead
The Alaska Steamship liner Victoria sits off Nome awaiting storm subsidence after two weeks of rough weather in Bering Sea. Only half her cargo bound for St Michael has been discharged and none for Nome due to heavy seas. Logs for the Kolyma explor ing schooner were damaged at Sledge Island. Roald Amundsen's Maud anchors at Sledge Island and will remain for several days.
MENTIONED IN THIS ARTICLE
Alaska Steamship Company
Victoria
Nome
Beringeea
St. Michael
Kolyma
Hibbard Swenson Company
Seattle
Siedge Island
Roald Amundsen
Maud
Fuel Oil Bids Awarded to Shipping Board
The Shipping Board announced accepted bids for fuel oil. Atlantic Refining offers 3.6 million barrels at 2.90 dollars terminal delivery Philadelphia or 2.285 dollars barge delivery. Gulf Refining 125 thousand barrels at 2.10 dollars terminal, or 2.20 barge, at Port Arthur Texas. Medio-Mexico Tulsa bids 4.9 to 7 million barrels at 1.10 to 1.25 dollars terminal delivery New Orleans.
MENTIONED IN THIS ARTICLE
Washington
Mitre ‘Companies
Shipping Board
Atlantic Re Company
Philadelphia
Gulf Refining Company
Port Arthur
Tex
Mideo-Meszico Company
Tulsa
Okla
New Orleans
Pacific ships to have prones
Ocean-going captains of the future may direct ships by wireless as RCA begins installing combined telephone and wireless sets on west coast vessels within months. Pacific Steamship Co likely first to equip coastwise ships per Hugh Mackenzie Ad miral Line aide.
MENTIONED IN THIS ARTICLE
Radio Corporation of America
Wessels
Pacific Steamship Company
Hugh Mackenzie
Admiral Line
Fear Vessel Kehuku Believed Lost Off Jersey Coast
New York July 29 The vessel feared to be the Kehuku of Columbus Shipping Co. was reported five off the Jersey coast Monday. Communication with the ship proved fruitless since it sailed Monday with 40 crew under Captain J Robinson. The Kehaku sailed Monday with ballast for Port Lobos.
MENTIONED IN THIS ARTICLE
New York
Jersey
Columbus Shipping Company
J. Robinson
Vessels Arriving and Sailing From Various Ports July
Shipping news lists arrivals and departures across multiple ports. Vessels including Str Henry T Boott Admiral Dewey Admiral Schrey Metrei Maru Kongesss Mart and Saginaw are noted with routes to Beattie, Beattie via Vancouver Seattle Yokohama Kobe and Mukilteo. Timings range from early morning to late night July 19 to July 29.
MENTIONED IN THIS ARTICLE
West Nimrow
Hone
Kong
San Francisco
Hayman
San Franchero
Ste Kianfth
Tacoma
U. A Burnside
Cruise
Portland
Galventon
Vancouver
B. C
Atr Northwe
South Western
Alaskan
Str
Queen
San Diego
U. &, Destroyer Waters
Tr Saginaw
Mukilteo
California Porta
Atr
Heimel Maru
Yokoyama
Kobe
Moji
Ate Oe Ham
Victoria
Rh. C
Calia
Henry T. Boott
Beattie
Bvrerete
San Pedro
Admiral Dewey
Porta
Admiral Schrey
Astoria
Kongesss Mart
Metrei Maru
Seattle
Yokohama
Dungeness
Nimrow
Tor Stir Coolcha
Sr Saginaw
Ports
New York Opening Lets Traders Stand Short in Market
Irregular prices at the New York Stock Exchange open with United States Steel and other leaders rallying from early lows. Reports of potential rate increases and a softer money climate buoy stocks while bears probe limits and short covering expands in late trading.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
United States Steel
Reading
Pan-American Petroleum
Crucibte
Studebaker
Paldwin
American Locomotive
Southern Railway
Republic Iron & Breo
United States Rubber
Central Leather
Chandler
Sinclair
Kelly-Springfield
Ders
Replogle
Interstate Commerce Commission
Gov
Harding
Federal Reserve Board
Republic
Pan-American
Rafie
Reading and Southern Railway
Baldwin
Risco and
Caldwin
Replogie Steel
Crucible
Replogic
Mexican Petroleum
General Motors
Seattle Best Port for Operating Ships in Oriental Trade
The Seattle Chamber of Commerce released figures showing a 6,000-ton ship from the Orient would save money using Seattle as its terminus. A coal burner would net about $7,957.50 and an oil burner would gain more due to shorter Seattle voyages, versus San Francisco, with detailed cost comparisons for pilotage, water, crew wages, meals, and fuel across 17 to 19 day voyages.
MENTIONED IN THIS ARTICLE
San Francisco
Seattle
Seattle Chamber of Commerce
Orient
Pacific Coast
Orient Ln
California
Grain futures slide as wheat leads decline
Chicago grain markets opened lower with wheat futures pacing the decline amid expectations of rapid new supply. Corn showed modest moves with July corn buoyed by buying and rain fears in Illinois. Oats drew demand for shipment while provisions stayed firm with mixed opening to close prices across the board.
MENTIONED IN THIS ARTICLE
Cork
Chicago
Illinois
Market summary of livestock receipts and prices in Chicago
Receipts of hogs and cattle along with bid prices indicate market activity. Hog prices ranged around 11.25 to 16.90 per hundredweight while beef steers and heifers showed varied bids from 12.50 to 17.60. Pigs and stockers also posted multiple value points, reflecting a broad trading day.
MENTIONED IN THIS ARTICLE
Cticago
Caeer
Eaves
Y. Lamba
Coffee and sugar price report from New York market
New York market brief reports prices for coffee grades Nos 7 and 4 with respective rates 11 and 18 percent per pound, sugar at 16.29 cents per pound for granulated, and exchange rate 21 72 percent per pound context.
MENTIONED IN THIS ARTICLE
New York
Santos
Vessels in Port at Seattle Today
An index of ships and docks along Seattle waterways lists vessels at Smith Cove Bergen Pier 12 Fushim Maru Kiamath Pier 71 and nearby moorings. It names Pacific Coast bunkers U L MH T Heather Stacy terminus Duthie yards Westboro and many more including Robin Goon fellow Teveatre Maroney Trion Pacific Haymon Todd drydocks and Puget Sound Bridge work. Numerous boatyards and harbor facilities are cited with multiple vessel names across East Waterway Lake Union and surrounding piers.
MENTIONED IN THIS ARTICLE
Skinner & Eddy Yarde
Robin Goonfellow
Teveatre Maroney
Trion Pacific Pier
Haymon
Todd Drydocks
Eastern
Etr
Eastern Soldier
Spokane
Iconiven
East Waterway
Ste West Nimrod
Weat Jena
Puget Sound
A. &. & Patterson
Lake Union
Hulleroxton
Leo
Dione
Cagnacan
Cozian
Ciheyras
Cardia
Eliona
Achra Henry Wilson
Salvator
Alice
Motor Sehr
Oregon
Inn Verde
Heta
Drydoc Itor
Coolcha
Tream
Blastind
Str
Kdmore
50 Firms Join Insurance Pool
More than 50 fire and marine insurance companies signed the marine syndicate agreement. Managers of the companies hold daily meetings and coordinate with the Shipping Board to maintain a strictly American system of Insurance. W. H. McGee serves as temporary manager of the two private states operated cooperatively by the companies.
MENTIONED IN THIS ARTICLE
Marine Syndicate
Shipping Board
W. H. McGee
Foreign Exchange Rates Snapshot From New York Markets
Foreign exchange markets show sterling around 62.74 percent with a 1 percent fall, francs off 16 centimes, lire near 7.58 with 16 centimes down, and marks at 2.30 with minor changes. Canadian dollars traded at about 8.1. Cables listed 2.30 cents.
MENTIONED IN THIS ARTICLE
Foreign Exchange
New York
France
Status of Frisco Market Ban Firets and Dairy Prices
Frisco market bulletin lists assorted items with prices and grades. It notes butter fats 8 percent, cheese imports from California with fancy firsts 32 percent and price 2740 per pound, undersized pullets and other poultry items with various rates, reflecting a varied market snapshot for July 29.
MENTIONED IN THIS ARTICLE
Francisco
California
Public Market Prices Catalog Fragment
A dense list of market stalls shows assorted grocery items with prices and weights. Items include sugar, potatoes, milk, fruit, canned goods, coffee, butter, cheese, and baking supplies across stalls 6 10 11 17 33 64 105 112 194 192 194 129 70 93, with numerous per pound or per can prices and crate or dozen quantities.
MENTIONED IN THIS ARTICLE
Italy
Campbell's Soups
First Triumph Peaches Arrive From Wenatchee Market
The peach market saw the first Triumphs from Wenatchee Eastern Washington arrive Thursday morning priced at 1.60 a crate. Cantaloupes from Turlock California moved well with standards at 5.60. Jobbers and the Tur locks cited as finest ever on the street. Vegetable prices showed no notable changes and eggs edged firmer with butter holding steady.
MENTIONED IN THIS ARTICLE
Washington
Wenatchee
California
Salmon Canned for Philippines Requires Compliance Certificate
Official word from Manila to the Chamber of Commerce says canned salmon admitted to the Philippines only after a certificate of compliance with the 1906 Food and Drug Act. After admission the products face chemical testing to verify label claims.
MENTIONED IN THIS ARTICLE
U. S. Salmon
Phillippines
Chamber of Commerce
Manila
Export Licenses Needed for Trade with Russia
Advice from the foreign trade bureau of the Chamber of Commerce notes that individual export licenses are required in most cases to take advantage of the embargo removal on trade with Russia. Regulations and interpretations are on file with the bureau.
MENTIONED IN THIS ARTICLE
Russia
Foreign True Bureau
The
Chamber of Commerce
State Department
Washington, D. C
Ponzi Scheme Draws Hundreds To Boston Office
Hundreds gather at Charles Ponzi's Boston office seeking 45 percent interest in 90 days as federal and state officials begin urgent investigations. Workers sort client entries on small cards while Ponzi defends his claims of vast holdings in European banks and profits from international postal reply coupons.
MENTIONED IN THIS ARTICLE
Boston
Mans
Aries Ponzi
Ponzi
Ponsi
Coollign
Wesley Allen
Charles Ponzi
United States
Daniel Gallagher
Post Office to Reform Foreign Money Order Rates
The Post Office Department announced new conversion rates for foreign money orders to align with current exchange rates. The changes aim to reduce profits from currency trading and end prewar rate advantages when international money orders are paid or issued by U.S. post offices.
MENTIONED IN THIS ARTICLE
Washington
Post Office Department
United States Post Offices
Standard Oil Report Cites Oil Reserve Declines on Pacific Coast
Standard Oil of California reports startling drops in reserve oil stocks on the Pacific coast in an official statement to the Chamber of Commerce received today. The rise in vehicle numbers, over threefold since 1915, is named as the main factor reducing reserves despite higher production, with gains split between Eastern and Mexican fields.
MENTIONED IN THIS ARTICLE
Standard
Pacific Coast
Standard Oil Company of California
Setit
Char of Commerce
Barge Company Sues for Taxes in Tacoma Court
The Tacoma Dredging company filed suit in superior court Wednesday to block King County from collecting 2253 dollars in taxes on two barges. The company alleges the taxes have already been paid in Pierce county.
MENTIONED IN THIS ARTICLE
Tacoma Dredging Company
King County
Pierce County
Growth Predicted in New York Garment Industry
The Associated Dress Industries of America forecasts the next census will show over 1,000 more garment manufacturers in New York state producing women's misses and children's dresses compared with 1919.
MENTIONED IN THIS ARTICLE
New York State
Associated Dress Industries of America
Gas Fuel Seizure Threat for U S Navy at Bremerton
U S District Attorney Robert Baunder announced that if necessary the government will commandeer fuel for the Bremerton navy yard which serves the North Pacific squadron. The yard needs about 14 000 drums of gasoline and 1 000 barrels of fuel oil daily as shortages mount with a tanker delayed by refinery shortages.
MENTIONED IN THIS ARTICLE
Navy Yard
Bremerton
North Pacific
United States
Robert ©. Baunder
Hbremerton
Hl Segundo
Beattie
John McLean
Standard Oil Company
Union Oi
President to Act in Coal Walkout
President to act in the coal strike in Indians and Illinois was indicated at the White House. Action depends on a report to be submitted to President Wilson by Secretary of Labor Wilson, who was recalled to Washington for the strike. The report is being prepared at the president's request.
MENTIONED IN THIS ARTICLE
Washington
Dhat Wilson
Illinois
Wilson
Lator Wilson
Perjury Charged in Bulgarian Milk Sale
Prosecutor Fred Brown filed a second degree perjury charge Thursday against Ek F Worley over a falve affidavit tied to stock in Bulgarian Milk Products Co. The affidavit, sworn before notary Mark M Litchman, concerns the company holdings at 1619 First Ave.
MENTIONED IN THIS ARTICLE
Fred ©. Brown
Ek. F. Worley
Bulgarian Milk Products Co
First Ave
Worley
Mark M. Litchman
Spokane Hit by Heat Wave and Strange Promises
Spokane endures a blistering day with temperatures near 100.8 degrees after a sleepless night. In Grand Junction Colorado a man connected to an oil lease reportedly sought interest then sold his stake for 62500, amid scattered notes of travel and transactions.
MENTIONED IN THIS ARTICLE
Spokane
Grand Junction
Col
Tom Te ' Oi
O. C. Phares
Phares
Also Mentioned on This Page
Fuel Ol
Ship Board
Pacific
Radio Corporation
Kehuku
Financial Review
Neon
Shorts
Jesul
Hedgingen
Yakima
Aoteloonan Plame
Wisconsin
Clearinga Thalancom
Coeee
Barge Company
Colman Dock
Ket
SAN Iucan Iiscanos
U. S. Fleet
U. S
Saunders
Hood Canal
Whatcom
Brookes
Kingston Beach
Puget
Kingston
Port Ladiow
Return
Ste
Colman
Ludlow
Ladow
San Juan Islands
Puget Sound Navigation A Co
Finsr
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