1150

THE COLLIERY GUARDIAN.

December 3, 1915.

THE FREIGHT MARKET.

The huge rates which have been paid during the past week
undoubtedly would, in normal times, have produced a
storm of protest from the commercial community generally.
The volume of business transacted at north-east coast ports
during the week under review has been very small, but such
tonnage as is on offer is rapidly snapped up, so that the
maximum of chartering possible under present conditions is
being done. At the Tyne, rates for all destinations have
moved upward with alarming rapidity. Coastwise, London,
after standing at 14s. for a week or two, has advanced to
16s. For North France, there is a steady enquiry for boats,
and up to 27s. has been paid for Rouen, an increase of 3s. 6d.
on last week’s figures. Havre is from Is. 9d. to 2s. 6d.
dearer, and Boulogne 4s. higher. A good deal of business
has been done in the Bay market, at rates slightly in excess
of those recently paid. When 50s. for a prompt steamer for
Genoa was secured last week, shippers considered it time to
call a halt in business, with a view to easing quotations some-
what, but, after several blank days, 57s. 6d. has been paid
for Genoa, whilst Savona has obtained the unheard-of figure
of 60s. for two large vessels. On the week’s work, Genoa is
from 2s. 6d. to 7s. 6d. advanced, Porto Ferrajo or Savona
10s. dearer, Oran from 2s. 3d. to 5s. 6d. higher, and Algiers
2s. 6d. up. The South Wales market has been rather
unsettled, and, though tonnage has been offering in quantities
more nearly approximating to the requirements of the coal
trade than has been the case lately, rates are substantially
advanced. Shippers with cargoes for North French ports are
holding off, and rates are steady for Rouen, and from 6d. to
Is. up for Havre. The Bay is very firm, increases of from
5J to 7 fr. having had to be conceded for Nantes, and from
4 to 5J fr. for St. Nazaire, whilst Bordeaux has been fixed for
at 1 fr. advance. The Mediterranean also is firm, and Genoa
at 54s. with full guarantees, registers an advance of 3s. on
the price paid a week ago. Other northern ports are corre-
spondingly stiffer, and 53s. 6d. paid for end December load-
ing for Genoa shows forward rates to be strong. The South
Mediterranean is from 1 to 2 fr. up to Algiers. The River
Plate is unaltered, at about 38s. 6d. for prompt and 40s. for
forward positions.

Homewards, River Plate is further advanced. For
December cancelling, 95s. is indicated to United Kingdom
for tonnage other than Greek, which is not much in favour.
Business is reported to have been done for January-February
loading at 91s. 3d. to United Kingdom from Rosario. The
tonnage shortage at the States is not less pronounced than
was the case last week, but shippers are inclined to hold off.
Rates, however, are well maintained at about 13s. to United
Kingdom, and 18s. to West Italy from the Northern States,
and up to 20s. to West Italy from the Gulf. Cotton and
lumber tonnage, like colliers, attract little interest. Australia
is dull, and nominally steady, at about 95s. for wheat. The
rice ports are strong, at about 112s. 6d. from Burmah, and
Saigon-Haipong is worth 105s. to France. India is firm,
and Bombay has paid 77s. 6d. on d.w. for December-January,
and for Calcutta 105s. is indicated for Marseilles on d.w.
Madras Coast would probably pay 120s. for kernels to South
France, and Kurrachee is workable at about 70s. on scale
terms.

Tyne to Algiers, 3,000, 40s.; Bordeaux, 3,300, 36s.; 3,400,
37s. 6d.; 1,650, 38s.; 1,800, 37s. 6d.; 1,400, 36s. fid.; 2,700,
38s. 6d., from Dunston; Bayonne, 1,500, 40s.; Boulogne,
1,000, 26s.; Copenhagen, 1,500, 19s.; Calais, 450, 24s.;
1,900, 26s.; Caen, 400, 26s.; Dunkirk, 700, 30s., coke,
voyages; 1,900, 26s.; 800, 25s.; 450, 24s. 6d.; 1,200, 24s. 6d.;
Fecamp, 600, 32s. 6d., coke; Granville, 600, 32s. 6d., coke;
Genoa, 7,000, 52s. 6d., full guarantees; 3,200, 56s.; 2,500,
57s. 6d.; Honfleur, 600, 32s. 6d., coke; Havre, 1,500,
23s. 6d.; 1,250, 25s.; Lisbon, 4,000, 30s. 6d.; La Pallice,
2,000, 35s.; London, 2,600, 14s. 6d.; 2,600, 16s.; Las
Palmas, 1,900 , 30s.; Marseilles, 2,900, 50s.; Oran, 2,200,
40s.; Porto Ferrajo, 4,500, 57s. 6d.; Rouen, 1,200, 24s. 6d.;
1,700, 25s.; 1,700, 26s.; 2,000, 25s. fid.; 1,400, 26s. 3d.,
from Dunston; 1,200, 27s.; 1,400 , 26s. 6d.; 600, 33s. 6d.,
coke; St. Nazaire, 2,500, 36s.; 1,500, 34s. 6d.; Savona,
6,000, 55s., full guarantees; 5,000, 60s.; 6,000, 60s.; 4,500,
57s. 6d.; Trouville, 600, 32s. 6d., coke.

Cardiff to Algiers, 3,000, 57 fr.; 1,800, 58 fr. coal, 59 fr.
fuel; Brest, 950, 17s. 6d.; Bahia Blanca, 4,700, 45s., early
Dec.; Buenos Ayres, 6,000, 40s.; 38s. 6d., Dec.; Bordeaux,
2,000, 41 fr.; Barcelona, 1,800, 39s. 6d.; 2,300, 39s.; 2,100,
40s., mid.-Dec.; Calais, 1,050, 23s. 6d.; Caen, 850, 23s.;
800, 21s. 6d.; Chantenay, 1,850, 39 fr.; 2,100, 38 fr.; 1,600,

38	fr.; 1,600, 37J fr.; Colombo, 51s. 3d., Dec.; Dakar, 1,700,
33s., end Dec.; Gibraltar, 1,600, 32s. 6d., 500; Genoa, 4,200,
52s. 6d., guaranteed terms; 3,100, 54s., g.t., £100 per day
demurrage; 3,300, 53s. 6d., end Dec.; Huelva, 3,100, 29s.,
Dec.; Havre, 1,700, 20s.; 300, 20s.; 900, 20s.; Honfleur,
500, 22s.; Leghorn, 2,700, 51s., 800; 3,100, 54s., g.t., £100
per day demurrage; 4,200, 52s. 6d., g.t.; 3,200, 52s. 6d.;
3,300, 53s. 6d.; La Plata, 38s. 6d., Dec.; London, 1,000,
16s.; Lisbon, 3,100 , 29s., 500; 1,000 , 29s., 500; 900, 29s.,
300, Dec.; 2,100, 30s., 400; Marseilles, 3,000, 63 fr.; 2,500,
64 fr.; 5,500, 64 fr.; Monte Video, 3,600, 39s. 6d.; 5,000,
39s. 6d.; 37s. fid., Dec.; 5,000, 39s. 6d.; 3,800, 39s.;
Marans, 900, 41 fr.; Naples, 2,700, 51s., 800; Nantes, 1,000,

39	fr., Dec. 3 ; 2,100, 38 fr.; 1,400, 39 fr., 350; 1,600, 38 fr.;
1,600, 371 fr. 5 ^rt Said, 3,600, 47s. 6d., Jan.-Feb.; 6,100,
55s., Dec. 8; 3,000, 50s.; 1,500, 50s.., Dec. 20; 4,000, 55s.;
Rio de Janeiro, 6,500, 41s. 6d., 300; 3,000 , 41s. 6d., 300;
River Plate, 4,700, 40s., early Dec.; 4,000 , 38s. 6d.; Rouen,
1,950, 22s. 6d.; 1,500, 22s.; 950, 22s. 6d.; Savona, 4,200,
52s. 6d., g.t.; 3,100, 54s., g.t., £100 per day demurrage;
3,000, 53s. 6d., end Dec.; Spezzia, 4,200, 52s. 6d., g.t.;

3.100,	54s., g.t., £100 per day demurrage; 3,200, 52s. 6d.;
3,000, 53s. 6d., end Dec.; St. Nazaire, 2,100, 38 fr.; 2,600,

40	fr.; 1,600, 38 fr.; 1,600, 37| fr.; Santander, 3,200, 26s.;
Tarragona, 2,600, 36s.; Trouville, 850, 23s.; Valencia, 2,600,
35s.; Vigo, 1,500, 28s.

Swansea to Calais, 1,050, 23s. 6d.; Barcelona, 1,800,
39s. 6d.; Honfleur, 22s.; Havre, 1,200, 20s.; 900, 21s.;
900, 20s., tin-plates, free in and out; Rouen, 1,100, 22s.;

1.100,	23s.; Dieppe, 900, 22s.; Bordeaux, 1,800, 40 fr.;
Algiers, 3,500, 58 fr. coal, 59 fr. fuel; Treport, 680, 23s.

Newport to Marseilles, 3,000, 63 fr.; Rouen, 23s.; 1,100,
22s.; 2,100, 22s. fid.; Caen, 800, 21s. 6d.; Ibicuy, 4,000,
45s.; River Plate, 5,500, 40s.; Gibraltar, 1,600, 32s. 6d.,
500; Bordeaux, 1,850, 41 fr.

Port Talbot to Rouen, 1,500, 22s. 6d.; Huelva, 1,800, 29s.,
early Dec.; 3,100, 29s., Dec.; St. Nazaire, 1,550, 38 fr.;
Bordeaux, 1,200, 42 fr.; 2,200, 41 fr.; Port Said, 6,300, 55s.,
Dec. 6; Colombo, 5,000, 51s. 3d., Dec.

Hull to London, 1,000, 13s. 6d.; Rouen, 2,500, 24s.; Havre,
1,450, 21s.

Goole to Calais, Boulogne, or Dieppe. 870, 24s.; Ports-
mouth, 1,000, 17s. 3d.; North French port, 800, 23s.;
Dunkirk, 600, 24s. 6d.

Immingham to Havre, 1,450, 21s.

Burryport to Belfast, 300, 9s. 6d.

Glasgow to Genoa, 60s. coal, 80s. coke; St. Nazaire, 3,300,
40 fr.

Hartlepool to Leghorn, 6,300, 55s.

Bly th to London, 1,200, 14s.; Havre, 1,000, 25s.

Wear to Havre, 1,250, 24s. 6d.

Seaham Harbour to London, 1,050, 14s. fid.

COAL, IRON AND ENGINEERING COMPANIES.
REPORTS AND DIVIDENDS.

Bristol Wagon and Carriage Works Company Limited.—
Interim dividend of 2 per cent, for the half-year, less tax.

Dinnington Main Coal Company Limited.—The directors
have decided to pay an interim dividend of Is. per share, less
income-tax.

Frodair Iron and Steel Company Limited.—The report
states that for the year to June 30, after providing for pre-
ference dividend, transferring £12,000 from reserve, and
writing off £26,407 in respect of book debts and stocks in
enemy countries, there is a debit balance on profit and loss
account of £12,116. The directors recommend that the
dividend of 10 per cent, declared last year be not paid, and
that the amount (£5,001) be applied to reduction of the debit
balance, reducing it to £7,115.

Hyderabad (Deccan) Company Limited.—The half-yearly
report of the directors states up to the end of June the output
was about 1 per cent, less than in 1914, but to the end of
September the total output was about 5 per cent, larger than
for the corresponding period last year. The cost of getting
the coal was 1-2 per cent, less up to the end of June, and
over 6J per cent, less up to the end of August. On the
other hand, the prices realised up to the end of June averaged
4| per cent, less, and up to the end of August 3| per cent,
less. These lower prices are mainly due to a larger pro-
portion of slack coal sold. On the whole, the net result to
the end of August is an increase of colliery earnings for the
present year. The rainfall, though above normal, was con-
siderably less than in 1914. The pumping plant efficiently
dealt with the underground water, and there was no damage
or delay to the coal extraction. Instructions have been <riven
to commence the construction of a new pit between the
extreme nottherly inclines and the centre of the colliery.
Borings made indicate that this will enable a large coal area
to be worked to advantage. It is intended to carry on this
new work systematically and methodically, spreading the cost
over a term of years. An interim dividend at the rate of Is.
per share, less tax, is payable December 31.

Nantyglo and Blaina Iron Works Company Limited.—
The report for the year ended September 30, 1915, states that
the net amount received from rovalties and wayleaveis is
£34,370, and from rent of land and houses and other sources
of income £4,913, making a total of £39.283. The directors
have paid since their last report two instalments “ on account
of arrears of dividends” upon the preference shares, amount-
ing to £30.000, namely, on April 13, £3 per share, and on
November 13, £3—making together £6 per share. The
output of coal and other minerals has been 1,484,463 tons.
The amount allowed for depreciation of properties for the
year is £4,000, which, with the income from investments,
£1,093, has been added to reserve for depreciation account.
Further leases of minerals have been arranged upon satis-
factory terms.

North Lonsdale Iron and Steel Company Limited.—The
directors have declared a dividend at the rate of 121 per
cent, per annum on the ordinary stock.

Pekin Syndicate Limited.—The directors report for year to
June 30 that the receipts amounted to £47,514, comprising
interest on Chinese bonds, sundry investments, dividend on
shares, etc. The expenditure on salaries and expenses of
management in London was £11,639, in Paris £4,142. and
in China £9,051. French fiscal dues in respect of Shansi
shares amounted to £909. The credit balance on profit and
loss is £21,774, increasing a credit balance brought forward
to £436.524, out of which £27,446 has been appropriated for
depreciation of investments, leaving £409,077 to be carried
forward. The most important event in the syndicate's opera-
tions during the vear was the formation of the Fu Chung
Corporation, bv which an agreement was completed between
the Pekin Svndicate Limited and the Chung Yuan Companv,
the latter representing the adjoining native mines, for the
purpose of adjusting all their differences and disputes then
existing. In conseonence of the protracted discussions
between the syndicate and the Chung Yuan Company before
the completion of this arrangement, both parties passed
through a period of keen competition, resulting in restricted
outputs of coal and reduced selling prices. The output of
coal has been steadily increasing since the sales have been
conducted by the Fu Chung Corporation, so that the pro-
duction of coal now nearly equals what it was at the com-
mencement of the war. Sales are now being pushed
energetically.

Sheepbridge Coal and Iron Company Limited. — The
directors have decided to pay an interim dividend of Is. per
share, less income-tax.

Stanton Iron Works Company Limited. — The directors
have declared an interim dividend at the rate of 15 per cent,
per annum, payable, less tax, on December 10.

Thornycroft (John I.) and Company Limited.—The report
for the period ended Julv 11 last states that the balance
brought forward is £10.269. and trading profit for the period
is £267.333, a total of £277.602. From this has to be
deducted depreciation, etc., £21.830; directors’ fees. £677;
debenture interest, £7,157; leaving a balance of £247,938.
The directors recommend a dividend of 10 per cent, on the
ordinarv shares, to writing down goodwill account £49.000,
to transfer to special reserve account £10.000. to reserve
account £90.000, leaving to be carried forward £78.148. The
accounts will in future be made up to Julv 31 in each year.
Tn order to mark their appreciation of the work of the staff
and their emplovees generallv. the directors decided to set
aside £20.000 to create a benevolent fund from which to make
grants to members of the staff and emplovees in certain
cases of ill-health, termination of service, etc.

Tredegar Iron and Coal Company Limited.—The directors
have resolved to pav an interim dividend of 5 per cent, (free
of income-tax), being at the rate of 10 per cent, per annum
on the “A” and “ B ” shares, for the half-year ended
Sentemher 30, 1915.

Witbank Colliery Company Limited.—A circular has been
sent to shareholders stating that the board wishes to enter
into an arrangement with the company’s township at Wit-
bank for the supply of electric light. This can be done at

small capital cost, and on a profitable basis, but the directors
are advised that there is a doubt as to whether, from a
strictly legal point of view, they have the necessary authority
under the company’s articles of association. A special
general meeting of the shareholders has, therefore, been con-
vened to follow immediately after the annual meeting on
Friday, January 28, 1916. In the event of such resolution
being adopted, it will be submitted for confirmation at a
subsequent meeting convened for Saturday, February 19,
1916.

NEW COMPANIES.

Denton Brothers (Sheffield) Limited.—Private company.
Registered November 20. To acquire and take over the
business of Denton Brothers carried on at the Soho Steel
Works, Soho-street, Sheffield, to enter into an agreement, and
to carry on business of steel alloy, steel, iron, and metal
manufacturers, and merchants, forgers, founders, converters,
smelters, rollers of iron and steel, and of any articles either
wholly or partly made of metal or metals connected there-
with. Nominal capital, £2,000 in 2,000 £1 shares. First
directors : H. E. Denton, 130, Upperthorpe, Sheffield, steel
manager; and B. Denton.

Jeens (J. W.) and Son Limited.—Private company. Regis-
tered Nov. 24. To acquire, take over, and carry on business
of coal merchants now carried on bv D. G. Bailey and
Spencer Ryland, at Market-parade, Midland Coal Wharf and
Llanthony Wharf, Gloucester, as J. W. Jeens and Son; and
to carry on busine’ss of mine agents, wholesale and retail
dealers of produce of all kinds, etc. Nominal capital, £2,000
in 2,000 £1 shares. First permanent directors and sub-
scribers (one share each) : E. M. Jeens, M. J. H. Jeens, and
J. M. H. Bailey.

Pickering (C. E.) Limited.—Private company. Regis-
tered November 23. To carry on business of manufacturers
of and dealers in machinery, coal merchants, tool makers,
brass founders and metal workers, electrical engineers, water
supply engineers, rolling stock and hardware of all kinds.
Nominal capital, £2,500 in 2,500 £1 shares. First perma-
nent directors and subscribers (one share each) : C. E.
Pickering and S. C. Rochell.

Pontypool Colliery Company Limited.—Private company.
Registered November 22. Nature of business indicated by
title. Nominal capital, £2,000 in 200 £10 ordinary shares.
Subscribers (one share each) : A. C. Fowler, E. Probyn, T.
B. Pearson, T. McAllen, and J. P. Brace.

Tredelect Engineering Company Limited.—Private com-
pany. Registered office, 11, Lin den-arcade, High-road,
Chiswick, W. Registered November 25. Nature of business
indicated by title. Nominal capital, £3,000 in 1,000 6 per
cent. £1 preference shares, and 2,000 £1 ordinary shares.
First directors : H. A. Bartlett, H. C. Smyth, and G. F. A.
Norman.

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.

CONTRACTS OPEN FOR COAL AND COKE.

For Contracts Advertised in this issue received too late
for inclusion in this column, see Leader and Last
White pages.

Abstracts of Contracts Open.

Grimsby.—About 11,000 tons of fine slack coal, for the
Grimsby Corporation. Forms from the deputy electrical
engineer, Corporation Electricity Works, Grimsby.

Hull, December 8.—About 810 tons of house, and 2,000
tons of steam coal, for the Sculcoates Guardians. Forms
from J. H. Wild, clerk to the Guardians, Union Offices,
Harley-street, Hull.

London, S.W., December 7.—Welsh smokeless steam
coal, for the Commissioners of His Majesty’s Works and
Public Buildings. Form from the controller of supplies,
H.M. Office of Works, 18, Queen Anne’s Gate, Westminster,
S.W.

London, S.W., December 20.—Coal and coke, for the
Cancer Hospital (Free) (Incorporated under Royal Charter).
Forms from Mr. F. W. Howell, secretary.

Shrewsbury, December 11. — About 400 tons of house
coal, for the Salop County Asylum Visiting Committee; also
about 1,000 tons good rough engine slack. Forms from
Mr. William Johnson, clerk of the Asylum.

Totnes, December 10.—35 tons of coke, for the Guardians.
Tenders to Mr. J S. Portch, deputy clerk, 19, High-street,
Totnes.

Whalley (Lancashire), December 8. — Slack, to the
Queen Mary’s Military Hospital (County Asylum), Whalley,
for the Committee. Forms from Mr. C. P. Hargraves,
clerk and steward.

The date given is the latest upon which tenders can be
received.

CONTRACTS OPEN FOR ENGINEERING, IRON
AND STEEL WORK, Ac.

Blakelow, December 6.—Borehole.—Work of boring and
tubing a 14 in. borehole, 300 ft. deep, at Blakelow, near
Tansley, for the Alfreton Urban District Council. Par-
ticulars from V. Hill, The Lodge, Lower Somercotes, near
Alfreton.

Leicester, December 11.—Pipes.—Cast iron pipes and
connections, from 2 in. to 36 in. in diameter, for the Gas
Committee of the Corporation. Specifications from H.
Pooley, engineer and manager, Gas Office, Millstone-lane,
Leicester.

London, W., December 7.—Bridge Girders.—About 133
tons of steel bridge girders and other iron and steel work,
for the Great Western Railway Company. Specifications
from office of the engineer, Paddington Station.

London, E.C., December 8.—Steel Rails, etc.—4,090 steel
F.F. rails, 85 lb.; 4,211 steel fishplates; and 30,616 steel
sleepers weighing 1391b. each, for the director of his
Highness the Nizam’s Guaranteed State Railways Company
Limited. Specifications from M. T. Walker, secretary,
Company’s Offices, Winchester House. Old Broad-street.
E.C.

Manchester, December 6.—Steelwork. — Steelwork for
new boiler house, for the Electricity Committee of the
Corporation. Specification from F. E. Hughes, secretary,
Electricity Department, on deposit of one guinea.

Tewkesbury, December 13.—Ventilating Shaft.—A 6 in.
iron ventilating shaft, for the Corporation. Particulars from
W. Ridler, borough surveyor, Tewkesbury.