1028

THE COLLIERY GUARDIAN.

May 8, 1914.

THE FREIGHT MARKET.

The outward freight market is fairly active on the North-
East Coast this week, but rates are very little improved.
Coasting business is being done at from 2s. lOJd. to 3s. to
London from the Tyne, and from 3s. 3d. to 3s. 6d. to Ham-
burg. The Bay is worth 4s. 9d. to Bordeaux. The Baltic
has Cronstadt at 4s. IJd. The Mediterranean is represented
by 8s. IJd. to Venice. At South Wales chartering has been
only moderately busy. Colliery turns are long, and there is
therefore, some difficulty in fixing up vessels. River Plate
directions are firmer, and Spanish ports are rather stronger.
The Bay and coasting ports are unaltered. At the Clyde
business is quiet at easy rates. The Humber market is
steady, but inactive. Homewards there is a better feeling
in the Black Sea district, and the tone is firmer. The
Mediterranean and ore trades are unaltered. The Baltic is
steady. America is dull and easy. The River Plate is
weak. Eastern and Australian markets are stationary.

Tyne to Algiers, 5,400, 6s. 3d.; Assens, 1,000, 4s. 6d. ;
Antwerp, 900, 3s. 6d. ; Barcelona, 5,200, 7s. l^d., 700; 4,100,
7s. 7|d.; Bordeaux, 2,800, 4s. 9d.; Boucan, 2,600, 5s., 600,
from Dunston; Cronstadt, 2,000, 7s., coke; 4,100, 4s. l^d.;
Constantinople, 4,200, 7s. lOJd.; Civita Vecchia, 4,300,
7s. 9d. ; Carthagena, 1,000, 8s. 6d. ; Calais, 2,300, 3s. 6d.,
from Dunston; Delfzyl, 1,300, 3s. 6d.; Danube, 3,000,
12s. 3d., coke; Hamburg, 2,100, 3s. 6d.; 2,100, 3s. 3d.;
Holtenau, 1,200, 4s.; 1,500, 4s. 3d.; Havre, 1,500, 3s. 9d.,
from Dunston; 1,000, 3s. 9d., from Dunston; Las Palmas,
2,100, 7s.; London, 1,700, 3s. ; 1,800, 2s. lO^d.; 1,250, 3s.;
Marseilles, 7s. 3d., 600; 5,200, 6s. 10|d.; 4,000, 7s.; 8,000,
6s. 6d. ; Mariager, 1,200, 4s. 3d.; 1,200, 4s.; Memel, 1,500,
4s. 3d.; 2,000, 4s. ljd.; Nantes, 2,200, 5s. 3d., from Duns-
ton; Novorossisk, 4,500, 8s. ljd.; Oran, 700, 7s.; 4,700,
6s.; 2,300, 6s. 6d.; Pillau, 1,800, 4s. ; Port Said, 6,400,
6s. 9d. ; Rochefort, 1,900, 5s., 500; Riga, 1,200, 4s. 9d.;
2,100, 4s. l|d. ; Rendsburg, 1,600, 4s.; Rotterdam, 2,900,
3s. l|d.; 2,100, 3s. lid.; St. Petersburg, 5,000, 4s. 3d. ;

3.500,	4s. 3d.; 4,500, 4s. 3d.; 4,500, 4s. l|d.; 2,200, 4s. 3d.,
500; Sundsvall, 2,500, 4s. ; Sound ports, 1,200, 4s.; Sulina,

5.500,	7s. 9d. ; Trieste, 5,100, 7s. 2d.; Venice, 7,000, 8s. ljd.
coal, 10s. 7^d. coke, two loading, places reported; Varna,
4,000, 8s., reported.

Cardiff to Alexandria, 4,700, 6s. lOJd., 700; 4,800, 7s. 3d.;
5,000, 6s. 10|d., May 12; Algiers, 2,600, 11 fr.; 4,700, 7f fr.;
3,800, 7| fr. ; 4,600, 7| fr.; Ancona, 5,500, 7s. 9d.; Barce-
lona, 3,600, 7s. 9d.; 3,000, 8s.; Buenos Ayres, 12s.; 5,400,
12s. 6d., May 17; Cronstadt, 5,000, 4s. 9d.; 2,500, 4s. 9d.;
Constantinople, 4,500, 7s. 3d., 400; 4,600, 7s. 3d., May 15;
Colombo, 9,500, 10s. 9d. ; Calais, 2,600, 3s. 6d.; Caen, 1,500,
3s. 9d.; Catania, 2,300, 7s. Id., 800, 7s. 3d., 600; Civita
Vecchia, 5,600, 7s. 3d., 500; Dakar, 2,500, 7s. 3d.; Djibouti,

6.500,	10s. 3d., May; Dieppe, 2,300, 3s. 6d. ; Genoa, 5,200,
7s.; 4,500, 7s., May 12; 4,400, 7s.; 4,600, 6s. 9d.; Huelva,

2.500,	5s. 9d. ; Harwich, 1,250, 2s. 9d., Admiralty; Ham-
burg, 1,000, 4s,; Havre, 2,600, 3s. 9d.; Islands, 3,500,
6s. 10^d., May 11; 5,400, 6s. 9d., May 15; Las Palmas,

3.500,	6s. 9d., May 10; 5,400, 6s. 9d.; 3,200, 6s. lOJd.; 2,800,
7s.; 2,000, 7s.; La Rochelle, 2,400, 5 fr.; Leghorn, 4,000,
6s. 10|d., 800; Liverpool, 1,550, 2s. 6d.; 2,000, 2s. 4£d.;
Lisbon, 2,000, 5s. 4|d., 400; Marseilles, 3,600, 8J fr.; 1,800,
8^- fr.; 5,600, 8| fr., May 13; Monte Video, 6,500, Ils. 6d.,
May; 5,400, 11s. 6d., May 17; Naples, 4,000, 6s. 10|d., 800;
Nantes, 1,600, 5| fr. ; Oran, 3,000, 7| fr.; Port Said, 6,000,
6s. 9d.; 6,800, 6s. 9d., May 11; River Plate, Ils. 9d. ;
5,300, 12s. 6d., May 10; 4,500, 12s., May 15; 4,800, 12s. 6d.,
May 15; 5,400, 12s. 6d. ; Rouen, 1,300, 4s. 6d.; Rosario,

4.500,	12s. 6d., May 15; Rio de Janeiro, 7,000, Ils. 9d.,
May 11; St. Servan, 1,700, 3s. 6d.; 1,150, 3s. 6d.; Stock-
holm, 1,000, 5s.; Sables, 1,700, 5| fr.; Savona, 5,200, 7s.;

4,500,	7s., May 12; 4,400, 7s.; St. Nazaire, 2,200, 5J fr.;
Sheerness, 600, 4s.; Torre Annunziata, 5,600, 7s. 3d., 500;
Tarragona, 3,300, 7s. 3d.; Valencia, 1,250, 8s. 6d., 7s. 6d.,
250, May: Vigo, 2,400, 5s. lOJd., 300; Venice, 5,500,
7s. 9d. ; 4,600, 8s., May 9; 6,000, 7s. 9d.

Newport to Ancona, 5,600, 7s. 6d., 600, May 11; Brindisi,
5,600, 7s., 700, May 11; Algiers, 4,700, 7f fr.; Oporto, 1,400,
6s. 3d., 300; Bilbao, 1,400, 5s. 3d.; Marseilles, 1,850, 8J fr. ;
La Plata, Ils. 9d., May 11; Buenos Ayres, 12s., May 11.

Swansea to Castellan, 1,300, 8s. 9d., 250; Alexandria,
3,900, 7s. 9d. ; Barcelona, 4,400, 8s. coal, 8s. 9d. fuel; La
Rochelle, 1,800, 5.37^ fr. ; Caen, 1,100, 4s. 4Jd.; Rouen,
1,000, 4s. 7|d. ; 1,600, 4s. 6d.; 1,700, 4s. 4Jd.; Venice, 3,800,
8s., 400; Genoa, 2,000, 7s. 6d., May 14; 3,700, 7s. 6d.,
May 11; Calais, 950, 4s. ; Boulogne, 950, 4s.; Barletta, 3,200,
8s. 6d. ; Piraaus and or Ergasteria, 8s. 3d.; Piraeus, 2,800,
8s. 3d.; St. Nazaire, 2,000, 5} fr.; Sables, 1,800, 5J fr.;
St. Brieux, 650, 4s. lOJd.; Almeria, 2,500, 8s.; Spezzia,
3,000, 7s. 6d. coal, 8s. fuel; Savona, 2,000, 7s. 6d., May 14;
3,000, 7s. 6d. coal, 8s. fuel; Leghorn, 3,000, 7s. 6d. coal,
8s. fuel; 1,500, 7s. 9d. ; St. Servan, 2,300, 3s. 6d. ; Havre,
950, 4s.; London, 1,800, 3s. 6d.

Wear to Bayonne, 2,500, 5s. 3d., 500; 1,600, 5s. 9d., 500.

Havre and Rotterdam to San Francisco, sail, 14s. and
19s. coke.

Hull to Cronstadt, 2,000, 4s. 3d. coal, 500 tons coke,
6s. l|d. ; 2,700, 4s. 3d. ; Christiania, 850, 5s.; Hamburg,
1,400, 3s. 6d.; Pernau, 2,000, 4s. 3d.; Civita Vecchia, 4,000,
8s.

Wales to St. Paul de Loanda, sail, 16s. 6d.; Port Nolloth,
sail, 20s., 22s. May; Pernambuco, sail, 15s. 6d.

Glasgow and Rotterdam to San Francisco, sail, 15s. and
19s. respectively.

Port Talbot to Calais, 2,500, 3s. 6d.

Rotterdam to Valparaiso range, sail, 2,142 n.r., 16s.,
coke; 18s. coke; Dieppe, 2,000, 4s.; Wallaroo, sail, 1,814
n.r., 16s. coke, option Wallaroo and Adelaide, 18s.; Porto
Vecchio di Piombino, 4,700, 7s., May 15; La Rochelle, 2,000,
4s. 6d.; Rochefort, 2,000, 4s. 6d.; San Francisco, sail, 1919
net, 19s.; Algiers, 3,800, 7| fr.; Genoa, 3,000, 7s.; Bagnoli
Porto Ferrajo, 3,900, 6s. 6d. ; Marseilles, 5,400, 8| fr. ; 600,
8 fr., 900; 1,700, 8^ fr.; 600, 8 fr., 900, 200 tons coke same
freight ; 4,300, 8.12J fr., May 9; 4,700, 8£ fr.; Havre, 1,700
4s. ; Dieppe, 2,000, 4s.; Chantenay, 2,600, 4s. 6d., May 9-11;
Huelva, 3,000, half cargo coke, 7s. 9d., end May; Newfair-
water, 2,250, 5.10 marks, May 20; Constantinople, 4,500,
7s. 6d.

Glasgow to Algiers, 1,800, 6s. 6d.; Riga, 2,250, 4s. IJd.;
Genoa, 2,700, 7s. 3d.; Savona, 2,700, 7s. 3d.; Spezzia, 2,700,
7s. 3d. ; Bayonne, 1,600, 6| fr.

Grangemouth to St. Petersburg, 2,000, 4s. 4Jd.

Fife port to Abo, 1,800, 4s. 4Jd.; Wyborg, 1,200, 4s. 6d.

Leith to Bremen, 1,300, 4s. ; 1,300, 4s. l|d.

Methil to Venice, 8s. 6d.; Hamburg, 2,100, 3s. 6d.

Immingham to Bruges, 1,500, 3s. 3d.

Forth to Cronstadt, 2,750, 4s. 3d.; 2,000, 4s. ljd.; Ham-
burg, 2,500, 3s. 4Jd.; Rendsburg, 1,300, 4s. 3d.; Karrabek-

sminde, 1,500, 4s. IJd.; Gefle, 1,300, 4s. l|d.; Ornskjoldsvik,
4,000, 3s. lid.; Helsingfors, 2,200, 3s. lOJd.; Bruges, 900,
4s.

King’s Lynn to Rouen, 1,000, 4s. 10Jd.

Burntisland to East Norway, 800, 5s.; Hamburg, 2,100,
3s. 6d.

Barry to Santos, 15s. 6d., May.

Blyth to Cronstadt, 5,900, 4s.; London, 1,100, 3s.; Memel,

1,500,	4s. 3d., 700; St. Petersburg, 2,200, 4s. 3d., 500;
Vadso, 700 tons coal 4s. 3d., 300 tons coke 6s. 3d.

Seaham Harbour to St. Nazaire, 2,400, 5s.

Hartlepool to Venice, 4,000, 8s. 6d.

Hamburg to San Francisco, sail, 18s. 6d., coke.

COAL, IRON AND ENGINEERING COMPANIES-

Alldays and Onions Pneumatic Engineering Company
Limited.—In order to meet the growing demand of their
business, this company is proposing to increase its capital
from .£125,000 to £275,000 by the creation of 100,000 B
preference shares of £1 each, and 50,000 more ordinary
shares of £1 each. The “ B ” preference shares are to be
entitled to a 6 per cent, cumulative dividend, and in the
event of winding up to 25 per cent, of the surplus assets
after repayment of all paid up capital.

Beili Gias Colliery Company Limited.—This private com-
pany has been registered with a capital of £5,000 in £1
shares, to acquire mineral and surface hereditaments and
premises known as “ Beili Gias,” Loughor, Glam., and to
carry on the business of coal masters and owners, colliery
proprietors, etc. ; also to enter into an agreement with E.
Lewis and T. Stephens. First permanent directors : E.
Lewis and T. Stephens, The Rhyddings, Neath, Glam.

Callender’s Cable and Construction Company Limited.—
The report of the directors for the year ending December 31,
1913, states that the accounts show a balance at the credit
of profit and loss of £91,861 Ils. Id., to which has to be
added the amount brought in from 1912 of £91,745 5s. 5d.,
making together £183,606 16s. 6d. From this must be
deducted £32,765 8s. 7d., leaving an available balance of
£150,841 7s. lid., which it is proposed to deal with in the
following manner : (1) by the payment of a dividend on the
ordinary shares at the rate of 10 per cent, per annum, being
10s. per share, whereof 5s. was paid on November 1, 1913,
and 5s. will be paid on May 16, 1914—£17,500; (2) by the
payment of a bonus of 5s. per share, less income-tax, to be
paid also on May 16, 1914—£8,750; (3) by carrying forward
to next year’s account £124,591 7s. lid. The directors are
of opinion that the above results are highly satisfactory,
although the balance at the credit of the year’s working is
slightly less than that of 1912, which marked a record in
the history of the company. The most satisfactory aspect
of the year’s trading was the regular increase in general
business in all classes of cables manufactured at Eritb.

Canadian Car and Foundry Company Limited. — The
directors have declared a dividend of 2 per cent, on the
common shares for the half-year ended March 31, 1914.

Chinese Engineering and Mining Company Limited.—The
directors have declared an interim dividend of 5 per cent.
(Is. per share).

Clements Brothers Limited. — This private company has
been registered with a capital of £1,500 in £1 shares, to
acquire the business of engineers now carried on by T.
Clements under the style of Clements Brothers at Red Hill,
Dudley, and to carry on the business of ironfounders, brass-
founders, metal workers, and metallurgists, etc.; also to
enter into an agreement with T. Clements. First directors :
T. Clements (chairman), “ Arnside,” Bennett’s Hill,
Dudley; G. Clements, 30, Brown-street, Kate’s Hill,
Dudley; and T. Clements, junr., 5, Norman-street, Dudley.

Dixon (William) Limited.—After providing for debenture
interest, and adding £35,019 brought forward, the net profits
for the past year amount to £97,873. The directors place
£15,000 to debenture redumption account, and recommend a
final dividend of 2J per cent, on the ordinary shares, making
5 per cent, for the twelve months, leaving £35,134 to be
carried forward.

Dorman, Long and Company Limited.—The directors have
decided to pay, for the half-year ended March 31, an interim
dividend at the rate of 5 per cent, per annum, less income-
tax.

General Foundry and Engineering Company Limited.—
This private company has been registered with a capital of
£2,500 in £1 shares, to carry on the business of iron and
general metal founders, and casters, and engineers, etc. ;
also to enter into an agreement with J. Livingston. First
directors : J. Livingston, D. Mitchell, R. Duffus, P. H.
Wardlow, and J. H. Castell. Secretary and registered
office : R. Duffus, Lutterworth, Leicestershire.

Horsley Kilburn Colliery Co. Ltd.—This private company
has been registered with a capital of £5,000 in £1 shares
(200 founders), to acquire the benefit of an agreement for a
lease of mines and minerals in the parishes of Horsley,
Horsley Woodhouse, and Smalley, all in Derbyshire, dated
April 23, 1914, and made between E. E. Wilmot-Sitwell
and A. Buckle, G. F. S. Hall, G. Spencer, and F. M.
Brown; and to carry on the business of colliery proprietors,
iron masters and founders, coke manufacturers, etc.; also
to enter into an agreement with A. Buckle, G. F. S. Hall,
G. Spencer, F. M. Brown, and G. Todd. First directors :
G. Spencer, F. M. Brown, F. Jackson, and A. Buckle.
Secretary and registered office : F. A. Sheldon, Albion
Chambers, King-street, Nottingham.

Hyderabad (Deccan) Company Limited.—Final dividend
for year 1913 of 2s. 6d. per share (free of tax), making 4s.
for the year, carrying over £17,171.

Island Coal Company Limited.—This private company has
been registered with a capital of £105,000 in £1 shares, to
acquire mines, mining rights, and lands containing coal, ore,
and other minerals; to prospect, search for, deal in, and
prepare for market the same; and to carry on any mining or
metallurgical operations, etc.; also to enter into an agree-
ment with S. N. Foster. Signatories : R. Plumridge and A.
Ward. Registered office : 44, Pall Mall, S.W.

Metropolitan Carriage, Wagon and Finance Company
Limited.—The directors recommend the following dividends :
On the “A” preference shares at the rate of 2| per cent.,
less income-tax, for the half-year ended March 31, 1914,
making 5 per cent, for the year; on the “ B ” preference
shares at the rate of 3 per cent., less income-tax, for the
half-year ended March 31, making 6 per cent, for the year;
on the ordinary shares at the rate of 12J per cent., less
income-tax, making with the interim dividend already paid

20 per cent, for the year, and a further Is. per share by way
of bonus, also less income-tax.

Noble Brothers Limited.—This company has been regis-
tered with a capital of £4,000 in £1 shares (2,000 preference)
to acquire the business of iron and brass founders and engi-
neers, etc., now carried on by T. H. Noble and W. E. Noble,
at Derwent Foundry, and elsewhere in Cockermouth, under
the style of T. H. Noble and W. E. Noble; also to enter
into agreements with T. H. Noble and W. E. Noble. First
directors : T. H. Noble and W. E. Noble (both managing
directors), of Derwent Foundry, Cockermouth; R. Millican,
Beckstone Flouse, Harrington; and J. Noble.

Oakbank Oil Company Limited. — Including £6,524
brought forward, the amount at the credit of profit and loss
account is £79,606. The directors recommend a dividend of
15 per cent, on the ordinary shares, free of tax; that £12,000
be applied in writing off depreciation on plant ; £5,641 in
writing off amount expended on improved plant; £10,533 in
writing off cost of burning oil distribution plant; and £5,000
to retort renewal fund, leaving £13,338 to be carried for-
ward.

Scottish Australian Mining Company Limited. — The
directors in submitting their report and accounts embracing
the operations of the company for the six months to
December 31, 1913, states that the sales of coal from the com-
pany’s collieries for the above period amounted to 143,254
tons. During the half-year the demand for coal was good in
both the inter-state and foreign markets. The strike at one
of the company’s Lambton pits, which commenced in March
of last year, continued until October 20 last. Work was
resumed by the men under the same conditions as those on
which they went out, subject to the consideration of their
complaints by the Wages Board. Generally the attitude of
labour is embarrassing, and its cost continues to increase.
The opportunity was taken during the strike at the Lambton
Pit to improve the underground workings. As regards the
development of the iron industry in New South Wales, there
is at present no definite progress to report. A considerable
amount of iron manufacture is going on at Lithgow, and
the manager advises that the lessee of the Cadia Iron Ores
and owner of the Lithgow Works has offered to dispose of
his interests to the State Government. The general revenue
account to December 31, 1913, shows a balance of profit
amounting to £8,990 2s. 6d. The directors propose to pay
a dividend on the capital of the company, £250,000, at the
rate of 5 per cent, per annum, less income-tax, which will
require £6,250, and to carry forward to the next account
£2,740 2s. 6d. It is proposed to make the dividend payable
on May 20.

Tory coed Colliery Company Limited.—A meeting of the
creditors of the above company was held at the office of the
Official Receiver (Mr. George David) at Cardiff on Monday.
The statement of affairs submitted by Mr. Fred W. Holman,
the secretary and managing director of the company, showed
gross liabilities amounting to £31,536 18s. 7d., assets
£8,199 6s. 6d., deficiency £23,337 12s. Id., which, together
with a deficiency of £7,820 as regards contributories, made
a total deficiency of £31,157 12s. Id. The company was
registered on November 27, 1907, the nominal capital being
£8,000, divided into 5,000 founders’ shares and 3,000 ordi-
nary shares of £1 each. The company did not begin to trade
until December, 1908, when coal in small quantities was
raised and sold locally. In June 1910 coal was placed on
the market, and, according to the Official Receiver’s obser-
vations in the case, there was a trading loss of £10,660 on
the three years ending March 31, 1913. On the petition of
one of the creditors a winding-up order was made on March
18 last, the causes of failure being stated to be “ unsatis-
factory thickness of coal won and excessive quantity of
water.” The Official Receiver expressed his opinion that
further investigation into the affairs of the company was
desirable, but the question for the creditors to decide was
whether application should be made to the Court to appoint
a liquidator in the place of the Official Receiver. It was
agreed to make no such application. A similar resolution
was carried at the subsequent meeting of contributories.

Trier Brothers Limited.—This private company has been
registered with a capital of £200 in £1 shares, to acquire the
business of manufacturing engineers and manufacturers of
lubricants now carried on at Cumberland Works, New
Church-road, Camberwell, S.E., and elsewhere, under the
style of Trier Brothers; and to carry on the business of
brass founders, metal workers, etc.; also to enter into an
agreement with E. F. Trier, F. H. Trier, and T. R. Trier,
who are the first directors. Secretary and registered office :
Jas. Page, Caxton House, Westminster, S.W.

Weldless Couplings Limited.—This private company has
been registered with a capital of £25,000 in £1 shares, to
carry on the business of engineers, iron and brass founders,
metal workers, iron and steel converters, and smiths, etc.
Signatories : W. F. H. Blandford, 6, The Paragon, Black-
heath, S.E.; and A. Slater, Mark-lane Station Buildings,
E.C.

Hull Coal Exports.—The official return of the exports of
coal from Hull for the week ending Tuesday, April 28, is
as follows:—Antwerp, 189 tons; Buenos Ayres, 4,885;
Guernsey, 226; Harburg, 1,989; Hamburg, 3,439; Newfair-
water, 390; Paris, 1,058; Rotterdam, 277; Riga, 3,071;
Rouen, 1,740; Venice, 300; Wyk, 95—total, 17,657 tons.
Corresponding period April 1913,'total 99,597 tons.

Panama Canal and Coal Trade.—Mr. J. Russell Ferguson,
managing director for Herr Hugo Stinnes, the German coal
king, who is an outstanding figure in the international coal
trade, has been interviewed by the Western Mail on the
result of his visit to the United States, where he has been
studying the effect of the opening of the Panama Canal on
the export trade. The general result of Mr. Ferguson’s
investigations is that as far as the canal zone is concerned
there is little prospect of private firms competing success-
fully with the United States Government in bunkering busi-
ness. Apparently, leases would not be granted for definite
periods, and, if obtained, would be revocable at any time.
Apart from the competition of the canal authorities, this fact
alone should prevent any firm taking up a coaling station on
the Isthmus. He discovered also that amongst the stipula-
tions imnosed would be an eight hours day. In his opinion,
there will be no market fo/ Welsh coal there. Plenty of
good American coal can be sent to both entrances of the
canal. On the other hand, we need have no fear of an
American invasion of the European market. The States
possess no. suitable bottoms at present, and if they were
built the impossibility of obtaining return freights from
European ports would prevent it, except during abnormal
periods.