Salt Lake Telegram | 1924-03-30 | Page 18 | Hard Times in Sea Trade near And

TIMES TIMES- IN i SEA TRADE NEAR END ENO British Chamber Sees Improvement Improvement Im Im- Im provement After Low Ebb LO LONDON March 29 By A. A P. P P.- P. The depression In shipping which beg began so suddenly In 1920 still sill ill prevails prevails pre pre- vails but the bottom has been touched with regard to bad f freights said Sir Sir Alan an Anderson In his presidential presidential presidential pres pres- address to the chamber of shipping Without wishing to appear appear appear ap ap- ap- ap pear too hopeful or to encourage anyone anyone to speculate on an early return re return return re- re turn to prosperity he believed there was evidence that the position of ot the tho British mercantile marine was Improving and that it had iad profited by the medicine of f adversity There was Vas still a redundant fleet of vessels In all countries and surplus surplus surplus surplus' sur sur- plus plus' tonnage was one of th the two main factors governing freights No Noless Noless Noless less than tons or 12 per Der I cent of the worlds world's tonnage was over twenty five years old Sir Alan hoped they might without impropriety suggest to owners of this thIS' Immense mass of obsolete or t that tha they would be doing not riot only the world but themselves a service If they gave full employment to the tho ers era The other factor governing freights was the worlds world's business While signs existed that in this nation nation nation na na- na- na tion and In the world trade had touched bottom and was beginning lIng to improve the health health of of ot international international trade was still precarious If the patient were left to himself f he would pull through but If it if itan ifan an at attempt attempt at- at tem tempt t were made to hasten this re recovery recovery recovery re- re covery by strong medicine of magical magical magical mag mag- ical panaceas a dangerous must be expected Ship owners would unite in hoping that the governments governments gov gov- of the world would en endeavor endeavor en- en deavor to arrange the finance for International trade to set the stage and would then leave international commerce to wor work ou out the result