246

THE COLLIERY GUARDIAN.

January 29, 1915.

THE FREIGHT MARKET.

Various factors are now in operation which are tending to
reduce the exorbitantly high rates which shipowners have
recently been able to command, and, as was stated last week,
everything points to freight figures having reached their
maximum, and being now on the downward track. In the
first place, several of the recently interned enemy steamers
have now been liberated for coal carrying purposes in the
coasting trades, and these traders have, in quite a number
of instances, been chartered for London from north country
ports, thereby increasing the amount of competing tonnage,
and bringing north-east coast rates to London materially
down. In the second place, the Admiralty, having guaran-
teed large supplies of coals, for railways and industrial pur-
poses generally, to Prance, has now taken steps to
requisition steamers with a view to these supplies being
promptly despatched. It is stated that these vessels will
receive priority of despatch at their ports of destination, and,
after all, this is quite as it should be. This fresh com-
mandeering of tonnage has caused shipowners to take fright,
to some extent, and, as a result, rates have ceased to soar
upwards. So far as the Mediterranean is concerned, there
has been a determined hold-off, wherever possible, on the
part of shippers at the north-east coast, and rates in that
direction have eased correspondingly. Chartering in the
open market on the north-east coast has been on such
attenuated lines during the last few days that it is difficult
to give figures illustrative of the weakening tendency. At
the time of writing, however, it is stated that two of the C.T.
boats—as the newly-liberated “ enemies ” are styled—have
been fixed for London at Ils., a rate which represents a
reduction of from 2s. to 2s. 6d. on figures recently ruling.
The Bay, which a few days ago advanced to 30s. to St.
Nazaire, has now receded to 27s. Rouen is only nominal
at 20s., for, as a matter of fact, fixing for that port has
practically stopped for the time being. The Mediterranean
is represented by 37s. 6d. to Genoa, and 35s. to Naples. At
South Wales the market has been very active, so far as
volume of fixtures is concerned, and rates are on about the
average level of a week ago.

Homewards, the North Pacific is very firm, with 50s.
easily obtainable for suitable tonnage, with a similar rate
payable from the nitrate ports. The rice ports are quiet
and steady. The East Indies are very slow, with Bombay
quoted at 37s. 6d. d.w., and Kurrachee at 35s. scale. The
Mediterranean is steady, with a lesser demand from
Alexandria. America has a quiet enquiry for grain tonnage.
Cotton freights have been brisk, and for early tonnage
extreme figures are asked—150s.—reported paid from Gulf
to Havre, with 125s. done to Liverpool, 115s. to Liverpool
from Savannah, 150s. from Savannah to Havre. Lumber
and deals are totally neglected. The River Plate is quieter,
but February is still worth 65s., whilst 85s. to 90s. would
probably have to be conceded to Holland.

Tyne to Algiers, 3,000, 30s.; Bordeaux, 3,500, 30s.; 2,200,
30s.; 1,200, 29s.; Catania, 1,700, 40s.; Chantenay, 3,000,
27s.; Genoa, 5,000, 30s., voyages over six months; 2,000,
37s. 6d.; Havre, 1,700, 19s.; London, 2,200, 13s. 3d.; 1,700,
13s. 3d.; 2,000, 13s.; 3,500, 12s. 6d.; Las Palmas, 6,000,
25s.; Lisbon, 2,000, 35s.; La Pallice, 2,200, 30s.; Leghorn,

1.800,	37s. 6d.; Naples, 4,900, 35s.; Nantes, 1,300, 30s.;
1,750, 27s.; Oran, 4,100, 30s.; Odense, 2,000, 15s., 400;
Palermo, 4,100, 39s.; Rouen, 1,200, 20s.; St. Nazaire,
3,100, 30s.; 2,200, 30s.; 1,600, 30s.; 5,200, 30s.; 4,100,
31s., reported, 2,000, 27s.; Treport, 1,500, 19s. 6d.; 1,000,
20s.; Tarragona, 1,100, 33s.

Cardiff to Alicante, 1,000, 22s. 6d.; Azores, 2,500, 20s.,
Feb.; Augusta, 5,200, 29s. 9d., 600, 30s., 500; 5,000, 30s.,
600, 30s. 3d., 500; Algiers, 3,800, 30 fr.; 4,500, 30 fr.; 4,200,
32 fr., reported; Brindisi, 4,400, 33s.; Buenos, 5,000,
26s. 6d.; Barcelona, 30s.; Bordeaux, 2,800, 21 fr.; 2,000,
20} fr., 500; 3,600, 20} fr.; 3,600, 21 fr.; 2,500, 16 fr.,
voyages over the year; 3,500, 22 fr.; Carthagena, 1,000,
22s. 6d.; Campana, 4,000, 26s. 6d., 25s. 6d.; Corcubion,
1,350, 21s.; Calais, 700, 15s. 3d., two voyages; 930, 14s.;
950, 14s. 6d.; Cadiz, sail, 1,600, 26s.; 1,900, 23s. 6d.;
Chantenay, 2,000, 18} fr.; 1,700, 20 fr.; 1,600, 20} fr.;
Caen, 1,600,14s.; Cherbourg, 1,350,14s.; Dakar, 2,000, 25s.;
Dartmouth, 550, 8s.; Ferrol, 1,200, 21s.; 2,000, 21s.; Gib-
raltar, 1,600, 22s. 6d.; 1,350, 22s.; Granville, 1,000, 12s. 9d.;
Havre, 1,300, 14s.; 1,600, 14s. 3d.; Havre Canal, 1,300,
15s.; Lisbon, 1,050, 20s.; 1,450, 20s. 6d., 350; La Rochelle,
2,000, 22 fr.; Leghorn, 4,000, 30s. 6d., 500; 5,200, 30s., 800;

3.800,	30s., 800; Las Palmas, 4,000, 25s.; 5,000, 25s.;
3,000, 25s.; 6,200, 25s.; Monte Video, 4,000, 26s.; 4,500,
26s. 6d.; Marseilles, 4,500, 32 fr., early Feb.; 5,000, 34 fr.,
£80 per day demurrage; Madeira, 3,000, 25s.; Malta, 5,200,
28s. 6d.; Nantes, 2,000, 19 fr., free brokerage; 1,600, 20} fr.;

2.200,	20} fr.; Naples, 4,500, 30s.; 4,000, 30s. 6d., 500;

5.200,	30s., 800; 3,800, 30s., 800; Oporto, 1,450, 24s.; 1,500,
25s.; Oran, 2,700, 30 fr.; Palermo, 4,500, 30s., 500;
Piraeus, 4,000, 31s.; Port Said, 4,400, 31s.; 3,000, 32s. 6d.;
30s., Feb. 10; Rosario, 4,000, 27s.; 26s.; River Plate,
5,500, 26s. 6d.; 5,000, 26s. 6d.; 4,500, 26s. 10}d., next
week; 5,‘000, 26s. 10}d.; Rouen, 2,500, 14s. 6d.; 4,000, 15s.;
Rio de Janeiro, 5,000, 28s. 6d., 500; 6,000, 28s., 300;
Sables, 1,000, 19 fr.; Salonica, 3,300, 43s.; St. Nazaire,
2,000, 19} fr.; 1,050, 19} fr.; 1,500, 20 fr.; 3,600, 20 fr.;

2.800,	20 fr.; Seville, 2,500, 25s.; St. Servan, 750, Ils. 6d.;
Spezzia, 4,500, 30s. 6d.; Teneriffe, 3,000, 25s.; 6,200, 25s.;
Torre Annunziata, 3,800, 30s., 800; Taranto, 5,200, 29s. 9d.,
600, 30s., 500; Villa Constitucion, 4,000, 26s. 6d.; 25s. 6d.;
Venice, 2,000, 36s. 6d., 400.

Swansea to Dieppe, 320, 13 fr- ; Cagliari, 1,800, 31s. coal,
31s. 9d. fuel; St. Malo, 800, 12s., sail, 150, 12} fr. coal,
13} fr. coal; Rouen, 1,600, 15s.; 1.200, 15s. 6d.; Oporto,
900, 24s. 6d.; Rochefort, 1,000, 21 fr.; La Rochelle, 1,000,
21 fr.; Lisbon, 4,000, 20s. 6d.; Honfleur, 850, 13s. 9d.;
Sables, 1,300, 19} fr.; Guernsey, 540, 12s.; Granville, 1,000,
12s. 9d.; St: Servan, 1,000, Ils. 6d.; St. Nazaire, 2,300,
21 fr., free brokerage, Feb.; 2,600, 22fr., Feb.; 2,500,
18} fr.; 2,500, 19 fr., free brokerage; 1,600, 18} fr.; Calais,
700, 15s. 3d., two voyages; Bari, 1,900, 35s. coal, 35s. 9d.
fuel; Barcelona, 2,000, 27s. 6d.; Caen, 650, 14s.; 850,
13s. 9d.; Bordeaux, 1,000, 25 fr.

Newport to Gibraltar, 1,300, 22s.; Oporto, 900, 25s.;
Naples, 3,600, 30s., 800, Feb. 10; Torre Annunziata, 3,600,
30s., 800, Feb. 10; Valencia and Culera, 1,350, 35s.

Hull to Brixham, 950, 15s.; Copenhagen, 1,300, 16s.;
Marseilles, 3,700, 30s.; Rouen, 2,000, 19s.; 2,300, 18s. 6d.;
2,900, 18s. 6d.; Havre, p.t.; London, two interned German
steamers, 10s.

Partington to Genoa, 2,000, net register, p.t.

Port Talbot to Monte Video, 20s.; Bordeaux, 2,000, 21 fr.;
St. Malo, 700, 12s.; Rouen, 1,700, 15s. 6d.

Blyth to Catania, 1,500, 40s.

Wear to Genoa, 5,500, 36s.; 6,600, 36s.; Havre, 1,500,
19s.; Savona, 6,600, 36s.; Spezzia, 6,600, 36s.; Marseilles,
5,000, 30s.

Glasgow to Buenos Ayres, 26s., Jan., reported; 4,500,
28s., early Feb.

Hartlepool to Marseilles, 1,700, 35s.

Metliil to Malmo, 1,050, 13s. 6d.

Wales to Monte Video, sail, 20s.

Immingliam to London, 2,000, 9s.

COAL, IRON AID ENGINEERING COMPANIES.
REPORTS AND DIVIDENDS.

Barrow Haematite Steel Company Limited.—A meeting of
the holders of the 5 per cent, debenture stock of the Barrow
Haematite Steel Company Limited was held last week in
London to consider the proposal to postpone the redemption
of stock falling due in July next. The proceedings were
private, and a statement will be made in due course.

Clandown Colliery Company Limited.—In the Companies’
Winding-up Court on the 19th inst., Mr. Justice Astbury,
on the application of petitioners’ counsel, directed the petition
of Wills and Lewis Limited for a compulsory order to wind
up the Clandown Colliery Company Limited (Radstock). Mr.
Galbraith, for the petitioners, said the petition was opposed
by a Mr. Iles, who held all the ordinary shares, and who said
he was an unsecured creditor for a large amount, and a
debenture holder for £10,000. The petitioners supplied goods
to the company, and when they got judgment for the debt,
Mr. Iles, on the strength of his debentures, put in a
receiver, and said that the petitioners could not get any
relief. He (counsel) desired to look into the matter, and, if
necessary, to file evidence. He therefore asked for an
adjournment. His lordship, in granting the adjournment,
said the petition had been only once before him.

Consett Spanish Ore Company Limited. — The directors
have resolved to pay an interim dividend of 2s. per share.

East Indian Coal Company Limited.—For the half-year
ended October 31, after making the usual allowance for
depreciation, and writing £5,000 off development account,
the profit is £8,973. The sum. of £2,034 was brought for-
ward, and there is therefore £11,007 for disposal. The
directors recommend a dividend of 7 per cent, (free of income-
tax) for the half-year, leaving to cany forward £2,607. The
output was 260,808 tons, as compared with 219,415 tons.
No. 5 pit, which has been closed since 1911, has been
recovered. Nos. 2 and 3 pits have also been partially
regained. Before the end of the current half-year it is
hoped that coal will again be raised from this area. There
is no change in the Bararee fire area. The new pits have
reached the following depths :—Bulliari No. 5 pit, 398 ft.;
No. 6 pit, 294 ft.; No. 7 pit to 16 seam, 273 ft. (sinking
completed); Jealgora No. 3 pit to No. 14 seam, 300ft.
(sinking completed); No. 4 pit to No. 14 seam, 300 ft.
(sinking completed). The Nos. 5 and 6 pits have been
delayed to some extent during the past half-year by water
difficulties. The purchased coal account left a profit to the
company of £1,145.

Lancashire and Yorkshire Wagon Company Limited.—
The directors state that the working of the hiring depart-
ment has been such that the result justifies them in paying
an interim dividend of 6s. per share, less income-tax. The
trade during the greater part of last year has been very
bad, but fortunately signs of improvement have now taken
place.

Lofthouse Colliery Limited.—The report for the year ended
December 31, 1914, shows a profit of £4,910, which, added to
the balance brought forward of £20,909, makes a total of
£25,819. The directors recommend a dividend of 2s. 6d. per
share, free of income-tax, leaving a balance to be carried
forward of £21,154.

Manvers Main Collieries Limited.—At a special meeting
of the company held at York on Wednesday, the chairman
said that the directors had for some time past had under con-
sideration. the desirability of making a permanent appro-
priation of the undivided profit standing to the credit of the
reserve fund, which now lamounts to £150,000. A sum
exceeding this amount already had been expended upon
the acquisition of extended royalties, and the sinking and
equipment of the Barnborough Colliery, and this should be
represented by shares of the company. Consequently it was
recommended that the amount of the reserve fund be dis-
posed of in the shape of a bonus to shareholders, and that the
bonus be satisfied by the distribution pro rata, among
the ordinary shareholders, of the equivalent in ordi-
nary shares of the company. The directors thought
it desirable to make a further increase in capital of £50,000
beyond the amount required to satisfy the bonus, so as to
provide funds for the completion of the Barnborough Colliery
and for other purposes. It was agreed that the capital of
the company be increased to £700,000 by the creation of
200,000 ordinary shares of £1 each.

Staveley Coal and Iron Company Limited.—The directors
have decided to pay an interim dividend at the rate of 10
per cent, per annum.

Steam Drifters’ Coal Company Limited.—Profits for the
past year were £229, and the sum brought forward was
raised to £303, which it is proposed to carry to the new
account.

Yorkshire Railway Wagon Company Limited.—The
accounts for the past year show £58,655 for appropriation,
of which £26,992 is required to pay debenture interest. A
final dividend of 6} per cent., and a bonus of 2} per cent.,
are proposed, making 15 per cent, for the 12 months, adding
to the reserve fund £10,000, and leaving to be carried
forward £2,612.

NEW COMPANIES.

Goodwin (Stanley) and Company Limited.—Private com-
pany. Registered January 14. To acquire and carry on
business of mechanical engineers carried on by Stanley
Goodwin and W. T. Keetley, at Glebe-street, Stoke-on-
Trent, and to carry on business as electrical and mechanical
engineers, merchants, and manufacturers of and dealers in
electric, magnetic, telegraphic, telephonic, and other appli-
ances and apparatus, etc. Nominal capital, £500 in £1
shares. Qualification of directors, 50 shares. Subscribers
(one share each) :—S. Goodwin, Victoria-square, Hanley,
electrical engineer; W. T. Keetley, 10, Riseley-road, Harts-
hill, Stoke-on-Trent, electrical engineer.

L. W. P. Syndicate Limited.—Private company. Regis-
tered office, 32, Great St. Helens, E.C. Registered Jan. 21.
To acquire freehold and other farms, properties, mines, lands
and mineral properties, and to prospect, explore, open and
work claims or mines, and raise, dig and quarry for gold,

silver, minerals, ores, diamonds and precious stones, coals,
earth, and other substances. Nominal capital, £5,000 in
£1 shares. Directors :—J. E. Howarth Lomas, P. C.
Tarbutt, and J. W. Davie. Qualification of directors, £50.

Warburton (Joseph) Limited.—Private company. Regis-
tered office, 1, Dale-street, Bradford. Registered Jan. 22.
Coal merchants, colliery agents, etc. Nominal capital,
£5,100 in 5,000 preference and 100 ordinary £1 shares. First
directors to be appointed by subscribers. Qualification of
directors, 50 shares. Subscribers (one share each) :—J. W.
Bradley, 133, Upper Woodlands-road, Bradford, coal mer-
chant’s agent; F. Laycock, 92, Beech-grove, Lidget Green,
Bradford, solicitor’s clerk.

Wood (William ) and Sons (Huddersfield) Limited.—
Private company. Registered Jan. 19. To acquire and
carry on business of a coal and coke factor and merchant
formerly carried on by W. Wood, at Hillhouse Sidings,
Huddersfield, and to carry on business of coal, coke, breeze,
and lime merchants, colliery proprietors, pit proprietors, hay
and straw dealers, etc. Nominal capital, £4,000 in £1
shares. Directors and subscribers (one share each) :—W.
Wood, Harry Wood, and Hirst Wood, all of 44, Merton-
street, Huddersfield, coal factors. Qualification of directors,
100 shares.

This list of new companies is taken from the Daily
Register specially compiled by Messrs. Jordan and Sons
Limited, company registration agents, Chancery-lane, E.C.

ABSTRACTS GF PATENT SPECIFICATIONS
RECENTLY ACCEPTED. •

2466 (1914). Improvements in Means for the Prevention
of Accidents in Mines and similar Places through Runaway
trams. J. W. Utley, 6, Leopold-street, Barnsley, York-
shire; and W. J. Deighton, 57, Church-street, Barnsley,
Yorkshire. — Includes a hook and slide, the hook being
adapted to engage with the axle of one of the corves as a
runaway tram is travelling over them. The hook when in
action travels with the tram, thus leaving slide, body, or bed
securely fastened on the sleepers. If a tram should break
away when going down an incline, the engineman at the
top of the incline would pull a lever over with one end of
the wire X attached to it. The other end of the wire being
fixed to lever E, would turn the shaft G partly round; thus

by means of lifting lever F (which is set-screwed on to
■shaft G) would lift hook B into a position to catch
axle of tram as it passes at this particular point of track.
When hook B catches axle it is pulled out of the slide, body,
or bed A, bringing with it the link D and shaft C, a rope Y
being fixed in link D at one end; the other end of the rope
is wrapped on a drum at the top of the incline. The drum
which is fixed near the engineman has the rope wound on
it which is connected with the hook. The runaway tram is
gradually brought to a standstill by means of a brake, which
is applied to the drum. The hook B and link D are con-
nected to shaft C, and partly revolve when necessary. Fig. 1
shows the general arrangement of hook, link, slide, or bed
and the like; and fig. 2 shows the slide body or bed A. (One
claim.)

19028 (1914). Improvements in Apparatus for Washing
Gases. W. B. Davidson, of Fortrose, Gravelly Hill, Bir-
mingham; and A. J. Liversedge, of 63, Northampton-road,
Croydon, Surrey.—Refers to such spraying apparatus as is
provided with gas passages around the sides, or between the
sides and the centre. The object is to provide an improved
construction of baffle for use between the sprayer and the

gas passage for preventing the sprayed liquid entering the
gas passage without opposing obstacles to the passage of the
gas, which would impose back pressure upon it. This
improved construction further enables an additional washing