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Show BRINGS 200 TIMES ITS FORMER VALUE LONDON. Dc 16. A vessel has just been sold for 200 times her value several years ago. As a shipping Investment the deal represents the largest proiit made during the war. A few years &zo a British steamer which had stranded on the South American Ameri-can coast was sold, as she lay, to neutrals for 1500. The purchasers hftd her refloated re-floated and repaired, and employed her in trade. She has now been resold for 320.000 pounds, being 200 times the prire paid for her as a wreck. This price takes no account of the cost of salving and repairing the ship, but d re sum ably thee expenses would have been amply covered by her earnings since she was salved, including two fears of extremely high freights. The present price merely represents the current value of tonnage. |