588

THE COLLIERY GUARDIAN.

March 13, 1911.

ordinary shares of £1 each), to acquire mines, mining rights,
&c., and to carry on the business of miners, mineowners,
ironmasters and founders, iron, steel, copper and metal
merchants, colliery proprietors, coke and patent fuel
manufacturers, &c.; also to enter into an agreement with
T. G. Cowan. Signatories : H. H. Walton, 55, Chapter-road,
Kennington, S.E., and W. H. Walter, 36, Lavers-road, Stoke
Newington, N.

United National Collieries Limited.—The report for the
year 1913 states that the net profit is .£117,591 and £42,284
was brought forward, making £159,875. After transferring
to reserve account for the purposes of capitalisation £32,856
the directors recommend placing to reserve (making the
account £60,000) £30,000 and a final dividend of 2s. per
share, free of income-tax, on the ordinary shares, carrying
forward £16,562. The construction of the coal washery,
coke ovens and by-product plant at Risca is proceeding.
During the year a scheme was formulated by the directors
and adopted by the shareholders whereby each of the
former £10 shares was subdivided into 10 shares of £1 each
and the nominal capital increased to £800,000 by the creation
of 400,000 new shares of £1 each, namely, 200,000 six per
cent, cumulative preference shares of £1 each and 200,000
ordinary shares of £1 each, the latter ranking pari passu
with the then existing shares. Of such additional share
capital 165,890 preference and 165,890 ordinary shares were
issued as fully paid to the shareholders in satisfaction of
the bonus declared out of the sums standing to the credit
of the reserve account. It was considered advisable in
carrying out the above scheme that the National Collieries
Development Company Limited, which was formed by this
company in 1910, should be wound up voluntarily, and as
the result thereof the assets of that company passed into
the possession of this company prior to the closing of the
accounts. The vacancy caused by the death of Mr. Hugh
Watts has been filled by the appointment of Mr. Stanley
Hilson Burgess, and Mr. James Miles has been appointed to
fill the other vacancy on the board.

Vagliano Anthracite Collieries Limited —Mr. Justice
Astbury has dismissed a motion on behalf of Mr. Vagliano
to discharge an order by the registrar appointing Sir
William Blender, without a committee of inspection, to be
liquidator of Vagliano Anthracite Collieries Limited.

Waterloo Engineering Company Limited—This private
company has been registered with a capital of £5,000 in £1
shares to carry on the business of ironfounders, mechanical
engineers, &c. First directors : W. Williams, W. H.
Sitwell and C. S. McIntire. Registered office, 14, Waterloo-
place, S.W.

Yorkshire Engine Company Limited—In their annual
report for the year 1913, the directors state that the trading
shows a profit of £12,077 4s. 5d., as compared with
£3,473 10s. lOd. for the year 1912 and £1,653 for 1911.
Interest and charges paid to bankers in respect of the
debentures held by them absorb £1,325 0s. lid., leaving a
balance of £10,752 3s. 6d. to go in reduction of the debit
balance, which will be reduced thereby to £8,741 17s. Id.
The directors have closed the unfortunate motor works by
treating as loss the amount standing on the asset side of the
balance-sheet in respect of this venture at December 31,
1912, less parts sold and on hand. The debit balance of
£8,741 17s. Id. is thus raised to £24,668 16s. The directors
filled the vacancy on the board resulting from the death of
the late Mr. Emerson Bainbridge by electing Mr. Charles
F. Ward Jones.

THE FREIGHT MARKET.

The outward freight market on the north-east coast
continues to have a very limited amount of activity.
Coasting rates are based on the low figures of 3s., Tyne to
London, and from 3s. 3d. to 3s. 4^d. to Hamburg. The
Mediterranean is weaker, at from 7s. 3d. to 7s. 4|d. to
Genoa. The Bay is firmer at 5s. 3d. to Bordeaux. The
Baltic has been done at 4s. 4|d. to Aalborg. At
South Wales chartering is quiet. The Mediterranean
is a shade steadier, with some little scarcity of tonnage.
South America is firmer. Other directions are unaltered.
At the Clyde, a small business at easy rates is reported.
The Humber is more active, and rates tend to improve.
Homewards, there is a poor demand- for tonnage at
the River Plate, and several vessels are being diverted
elsewhere in ballast. There is a little more enquiry at the
Black Sea at the recently lowered rates, but forward
chartering is very restricted. The Eastern markets are
dull and easy. The Mediterranean and ore trades are
unaltered. America is weak. The Baltic is steady.

Tyne to Algiers, 2,950, 6s.; Aalborg, 1,400, 4s. 4|d.;
Bayonne, 1,600, 5s. 6d.; 2.300, 5s. 4|d., 300; Bilbao, 1,900,
5s. 9d.; Bordeaux, 3,300, 5s. 3d.; 3,800, 5s. 3d., from
Dunston; Catania, 2,100, 7s. 4|d.; Calais, 2,400, 3s. 6d. from
Dunston; Constantinople, 4,000, 7s. 6d., 400, from Dunston;
Cherbourg, 1,000, 5s. 3d.; Carloforte, 2,500, 8s. coal, 10s.
goods, 250, 10|d.; Genoa, 5,000, 7s. 4|d.; 4,700, 7s. 3d.;

4.200,	7s. 3d.; 7s. 6d.; Hamburg, 1,700, 3s. 4|d. ; 2,100,
3s. 3d.; 2,000, 3s. 6d., river loading, 2,800, 3s. 3d., from
Dunston ; Kherson, 5,000,8s.; London, 3,000,3s.; 1,500,3s.;
Lisbon, 3,200, 5s. 6d., 350, from Dunston ; Marseilles, 5,000,
6s. 9d., from Dunston; 3,000, ,7s.; 3,600, 7s. 3d., from
Dunston; 3,000, 7s. 3d., 600; Manager, 1,800, 4s. 3d.;
Naples, 5,000,7s. 3d.; Nantes, 2,100, 5s. 3d.; Ostend, 1,100,
4s.; Port Said, 5,000, 7s. 3d.; 3,500, 7s. 6d.; 3,500, 7s. 3d.;
5,000, 7s. 6d.; 4,000, 7s. lid.; Piraeus, 4 000, 7s. 6d., from
Dunston; Rendsburg, 1,400, 4s.; Savona, 2,900, 7s. 9d.,
300 ; Syra, 7s. 6d.; Servola, 4,500, 7s. 9d.; Sulina, 6,000,8s.;
St. Ser van, 520, 6s. 6d., from Dunston; St. Nazaire, 5,300,
4s. 9d.; Zea, 7s. 6d.

Cardiff to Algiers, 4.300, 7|fr.; 4,200, 8fr.; Ancona,
6,000, 7s. 10|d., 600, March 28; Antwerp, 1,400, 3s. 4|d.;
Aden, 6,000, 10s.; Alicante, 1,800, 7s. 3d.; Barcelona,

2,800,	8s., March 15; 3,200, 7s. 9d.; 3,800, 7s. 9d., March 16;
3,400, 8s., March ; Bombay, 5,800, 10s. 6d., March 16;
Bourgas, 4,000, 7s. 9d.; Buenos Ayres, 5,000,14s., March 15 ;
14s. 6d., March 16; Cadiz, 1,200, 6s. 9d.; Corfu, 2,600,8s. 6d.,
350; 2,600, 7s. 6d.; Colombo, 4,200, 11s., March; 5,000,
10s. 9d., March 20; Carthagena, 1,800, 7s. 3d.; Catania,

3.200,	7s. 7|d.; Cherbourg, 1,200, 4s. 6d.; Calais, 3,000,
3s. 7|d.; Campana, 2,600, 14s.; 14s., March 16; Civita
Vecchia, 4.000, 7s. 9d.; 2,800, 7s. 9d.; 5,400, 7s. 9d.; Caen,

1,600,	4s. 3d.; Danube, 4,500, 8s. 6d., March 16; 4,000,
8s. 3d. ; Dieppe, 1,500, 3s. 9d.; Devonport, 2,900, 2s. l|d.’
Admiralty; Fecamp, 550, 5s.; Ferrol, 900, 6s. 3d., 200;

COAL ABD SOKE SHSPPEO F-S® LOISDOR AID OTHER FORTS ffl THE ORITE0 S18GMJ3.*

Port.	February 1913.		February 1914.		Port.	February 1913.		February 1914.	
	Coals. |	Coke.	Coals.	Coke.		Coals. |	Coke.	Coals.	Coke.
	Tons.	Tons.	Tons.	Tons.		Tons.	Tons.	Tons.	Tons.
Newcastle 		375,427	304	369,890 J	986	Ayr 		56,915	—	66,831	—
North Shields ...	105	—	— j	—	Irvine 	  ..	3,121	—	7,900	—
South Shields ...	220	—		—	Alloa		1,149	—	703	—
Blyth 		45,120	—	39,535	—	Whitehaven 		21,913	—	16,973	—
Amble 		11,560	—	3,624 |	—	Liverpool		—	—	139,328	705 •
Sunderland 		127,160	—	136,760 |	-—	Grimsby 		2,111	—	2,784	—
Seaham 		97,329	—	74,940 ;	—	Granton 		14,347	—	25,920	—
Hartlepool		65,150	—	67,690 '	—	B orro wstones s ..	18,947	—	14,245	—
Stockton 		—	__		15	Burntisland 		20,860	—	27,070	—
Middlesbro* 		—	45	—	45	Kirkcaldy 		1,715	—	1,007	—
Hull		90,845	500	81,821 ;	595	Methil ....			37,650	—	22,663	—
Goole 		116,923	1	—	141,568	—	Port Talbot 		8,390	375	6,706	1,050
Swansea 			18,675	175	27,099 i	—	Glasgow 			23,914	754	30,433	401
Cardiff		208,139	2,260	177,284	1,080	Grangemouth ...	4,962	600	10,340	1	—
Llanelly 		4,475	—	5,466	—	Greenock		659	5p.f.	781	J	130
Newport		48,759	—	44,313	—	Immingham 		8,206		• 12,460	i	—
Troon 		15,824			18,578	—	Leith 		9,683	12	5,363	
Ardrossan 		8,087	—	5,630	—					

COftL AfflQ COKE EXPORTED FR9S PORTS ffl OTGLMffl, S80TLM0 MS WALES

Burins the month of February 1914, compared with the corresponding month of 1913.*

Port.	February 1914.		February 1913.		Coals.		Coke.	
	Coals.	Coke.	Coals.	Coke.	Increase.	Decrease.	Increase.	Decrease.
	Tons.	Tons.	Tons.	Tons.	Tons.	Tons.	Tons.	Tons.
Newcastle 		901.172	27,957	870,353	22,785	30,819	—	5,172	—
North Shields :		88,922	1,226	71,465	—	17,457	—	1,226	.—
South Shields 				110,487	300	121,164	306	—	10,677	—	6
Sunderland 		230,963	5,892	266,657	8,519	—	35,694	—	2,627
West Hartlepool		95,372	1,765	. 86,864	1,185	8,508	—	580	—
Goole 		108,587	1.562	98,373	2,949	10,214	—	—	1,387
Blyth 		278,700	2,139	327,664	85	—	48,964	2,054	—
Newport		420,129	718	361,202	1,286	58,927	—	—	568
Liverpool 		26,253	1,062	—	—	26,253	—	1,062	—
Methil		182,915	752	187,528	1,432	—	4,613	—	680
Glasgow 		148,764	788	130,076	2,179	18,688	—	—	1,391
Kirkcaldy 		7,304	50	9,633	—	—	2,329	50	—
Burntisland 		112,882	1,427	166,383	2,597	—	53,501	—	1,170
Cardiff		1,659,759	8,940	1,532,031	5,938	127,728	—	3,002	—
Borrowstoness	  ..	..	23,031	967	42,866	752	—	19,835	215	—
Llanelly		20,272	—	14,073	—	6,199	—	—	—
Middlesbrough		523	1,868	411	644	112	—	1,224	—
Seaham 	 ...	78,606	58	71,343	—	7,263	—	58	—
Swansea		307,662	241	215,096	229	92,566	—	12	—
Granton 		7,046	2,139	8,599	3,067	—	1,553	—	928
Port Talbot 				148,850	155	139,725	29	9,125	—	126	—
Alloa 		9,691	—	12,143	—	—	2,452	—	—
Grangemouth 			71,021	3,243	85,775	3,800	—	14,754	—	557
Neath 		—	—	—	—	—	—	—	—
Hull				264,106	7,748	286,386	8,804	—	22,280	—	1,056
Immingham		112,597	—	—	—.	112,597	—	—	. —
Amble				37,757	—	35,369	—	2,388	—	—	—
Troon 		9,811	—	7,831	—	1,980	—	—	—
Grimsby				67,726	1,894	80,025	1,460	—	12,299	434	—
Ayr 		1,727	—	1,111	—	616	—	—	—
Greenock 		—	—	—	—	—	—	—	—
Leith 			102,834	—	109,859	—	—	7,025	—	—
Ardrossan 			—_	7,007	—	— .	7,007	—	-
Stockton 			—	—	—	—	—	—			1

* From Browne’s Export List.

Gibraltar, 3,000, 3s. 6d., Admiralty; 2,200, 6s. 3d.; 6s. 3d.,
500, March; Genoa, 4,300, 6s. 9d.; 4,300, 7s., March 18;

4.800,	6s. 9d.; 2,700, 7s. 3d.; Havre, 2,500, 3s. 9d.; 1,500,
3s. 9d.; Haida Pasha, 4,400, 7s.; Harwich, 1,900, 2s. 9d.,
Admiralty ; Honfleur, 1,400, 4s. 3d.; 1,700,4s. 3d., March 18 ;
Leghorn, 6,600, 7s. 3d., 500; 4,500, 6s. 9d., March 16;
7,000, 7s. 3d., 500, March 17; Lisbon, 2,100, 5s. 9d. ;

2,200,	5s. 9d., 350; 2,600, 5s., 500; La Rochelle,

2.600,	5| fr.; 1,750, 5£ fr. ; Las Palmas, 5,100, 6s. 9d. ;
Monte Video, 5,000, 13s. 3d., mid-March; 4,500, 13s. 3d,
March 20; Malaga, 1,600, 7s., 350; Milford Haven, 2,900,
2s. 3d.; Marseilles, 3,000, 8 fr.; 2,700, 81 fr., March 17;

3.800,	8| fr.; Malta, 3,500, 5s. 6d., Admiralty; 3,000, 5s. 6d.,
Admiralty; 4,800, 6s. 3d., March 16; 4,000, 5s. 3d.,
Admiralty; 5,300, 6s. 3d.; 4,200, 5s., March 18, Admiralty ;

4.600,	6s.; Naples, 6,600, 7s. 3d., 500; 5,000, 7s, 500,
March 14; 2,600, 7s., 800; 7,000, 7s. 3d., 500, March 17;
Port Said, 5,200, 7s. 3d.; 5,700, 7s. 3d.; 5,000, 7s. 3d.,
March 16; Perim, 5,200, 10s. 9d., March 18; Piraeus, 3,400,
7s. 3d.; Pernambuco, 15s. 6d.; Port Sudan, 4,000, 10s. 9d.,
March; River Plate, 5,700, 14s. 6d., March 16; 6,000,
14s. lid., March 18; 5,500, 13s. 9d., April 1; 5,000, 14s.,
March 15; 5,800-6,200, 14s. 6d., March; Rouen, 1,400,
4s. 6d.; 3,400, 4s. 4jd., March 16; Rosario, 14s. 61.,
March 16; St. Malo, 1,300, 4s. l|d.; St. Servan, 2,200,
3s. 9d.; Syra, 3,400, 7s. 3d.; Santander, 2,500, 4s. 6d.;
Santos, 17s.; 17s. 3d.; Savona, 4,500, 6s. 9d., March 16;
2,700, 7s. 3d.; Taranto, 3,200, 7s. 9d., 400, March 15 ; 6,200,
7s. 3d., 600, March 16; Torre Annunziata, 4,000, 7s. 9d.;
Venice, 6,000, 7s. 6d„ 800, 8s., 500; Valencia, 1,300, 6s. 3|d. ;
1,250, 6s. 4|d.; Villa Constitucion, 14s., March 16; Varna,
4,000, 7s. 9d.; Zea, 3,400, 7s. 3d.

Newport to Marseilles, 2,500, 8| fr., March 15; 3,700,
8| fr.; 2,000, 8| fr., March 14; Alexandria, 7s. 3d., 700>
March; 4,500, 7s. 3d., March 16; Sicily, 3,200, 7s. 7|d. >
Torre Annunziata, 5,400, 7s. 9d.; 2,800, 7s. 9d.; Lisbon,
3,000, 5s. 3d., 350 ; Vigo, 1,400, 7s.; Gibraltar, 1,600, 6s. 10|d.,
500; Puerto Militair, 14s. 9d., March; Ayamonti. 1,250, 8s. ;
La Rochelle, 2,000, 5£ fr.; Naples, 5,600, 7s , 800; Nantes,
2,300, 51 fr.

Swansea to Catania, 3,100, 7s. 7|d., 600; Valencia, 1,100,
7s. 3d., 250, 1896 tax ; 1,200, 7s. 3d., half-tax; St. Malo, 950,
4s. 7|d.; Alicante, 1,400, 7s. 6d., March; Algiers, 3,000,
81 fr. coal, 9] fr. fuel; Tunis, 1,700,10 fr.; Licata, 2,100, 8s.;
Oran, 2,200, 9 fr.; Rouen, 1,180,4s. 10jd.; 850, 5s.; Honfleur,
5s. 3d.; Caen, 1,000, 4s. 6d.; Civita Vecchia, 2,200, 8s. coal,
8s. 9d. fuel ; Venice, 2,400, 8s. 6d.; Nantes, 1,400, 5|fr.;
Matanzas, 2,000, 10s. 6d.; Dieppe, 950, 4s. 6d.

Blyth to Constantinople, 3,600, 7s. 9d.; 5,000, 7s. 6d.;
Savona, 7,000, 7s. 7|d. ; 2,900, 7s. 7|d.; Konigsberg, 2,200,
4s. 4|d.; Aalborg, 1,450, 4s. 4|d.

Wear to Hamburg, 3,000, 3s. l^d.; Piraeus, 1,500, 7s. 6d.;
Syra, 1,500, 7s. 6d. ; Zea, 1,500, 7s. 6d. ; Genoa, 5,600,
7s. 4|d., 500; Lisbon, 2,400, 5s. 3d.; Konigsberg, 2,200,
4s. 4|d.; Rendsburg, 1,400, 4s.; Bordeaux, 3,200, 5s. 3d.

Rotterdam to Bombay, 5,500, 10s. 6d., March; 6,000,
10s. 9d., March ; Ergasteria, 1,000 tons coal 8s. 6d., coke
10s. 6d., March 20-21; Caen, 1,250-1,300, coke 6s. 9d.,
March 16; Porto Vecchio di Piombino, 4,000,7s. 3d., March 16;
Pillau, 1,250, 5£ fr., March 14; Rouen, 3,200, 4s. 6d. ; St.
Nazaire, 4,900, 4s. 6d., March 18-23 ; 3,250, 4s. 6d. ; 3,900,
4s. 9d., Trignac terms ; Savona, 3,860, 7s. 3d., March 20 ;
Marseilles, 5,100, 8s. ; 4,900, 8 fr., 600, 7f fr., 900, 200 tons
coke and 100 tons fuel same freight; 4,800,4| fr.; Venice,
4,400, 8s. coal, 8s. 9d. fuel, 10s. 6d. coke ; Gravosa, 3,500
coke, 10s. 6d. under deck, 7s. 9d. on deck ; Santander, 2,400,
4s. 7|d., March 22 ; Savona, 3,800, 7s. 3d., March 20 ; La
Rochelle, 2,300, 4s. 3d., March 15-20; Barcelona, 3,500,
7s. 9d., March 17 ; Galatz, 5,200, 8s. 9d. ; Bordeaux, 3,300,
4s. 7|d.

Glasgow to Tonnay Charente, 1,300, 8 fr. ; St. Nazaire,
5| fr.; Genoa, 7s.; Savona, 7s.; Leghorn, 7s.

Hull to Bruges, 950, 3s. 6d.; Porto Vecchio, 3,700, 7s. 7|d. ;
Santos, 17s. 3d. ; Libau, 2,500, 4s. 3d.; Reval, 1,400, 4s. 9d.;
Nakskov, 1,600, 4s. 4|d.; 300, March 17; Rouen, 1,450,
4s. 6d.

Emden to Genoa, 5,200, 7s. 3d.; Savona, 5,200, 7s. 3d.;
Alexandria, 5,900, 7s. 6d.

Immingham to Bruges, 950, 3s. 6d.; Libau, 2,500, 4s. 3d.

Seaham Harbour to Hamburg, 2,700, 3s. 4|d.; 2,000,
3s. 4|d. ; Algiers, 2,950, 6s.

Boston to Stralsund, 1,200, 4s. lOd.

Llanelly to Calais, 1,550, 4s. 3d.

Fife port to Odense, 1,300, 4s. 4|d.; Bordeaux, 1,750,
Horsens, 750, 5s.; Aarhuus, 750, 5s.; Riga, 2,000, 4s. 7|d.

Forth to Riga, 2,000, 4s. 7|d.

Grangemouth to Passages, 1,500, 6s. coal, 8s. 3d. coke.

Glasgow and Newport to Bombay and Kurrachee,
quebracho, 11s. 9d., net terms.

Goole to London, 1,500, 3s. 7|d.; Boulogne, 850, 4s. 3d.

Leith or Tyne and Antwerp to San Francisco, sail, 20s.
Port Talbot to Lisbon, 1,400, 5s. 6d., 350, March 20.

Tyne, Wear or Blyth to Sundsvall district, 13,000 tons
coal, 4s. 3d., contract, delivery over next Baltic season.

Hartlepool to Randers, 1,800, 4s. l|d.; Bordeaux, 3,000,
5s. 3d.; 3,000, 5s. l|d.; St. Nazaire, 3,000,4s. 10|d.

Leith to Alexandria, 2,000, 7s. 4^d.; Rouen, 2,900, 4s. 6d.

Wales to direct nitrate ports, sail- 15s.; West Coast
South America and home to United Kingdom-Continent,
sail, 38s. 3d. on the round.