Show VALUE OF SHIPPING SHOWS INCREASE SINGE WAR LONDON LO July 22 To 10 To the rise In shipping values no end is yet ent ont Second hand boats now fetch prices that would have been considered considered considered consid consid- ered extravagant for new vessels a couple of years ago Even very old craft command more than their origInal original original inal cost Twelve months ago steamships were being sold at an nn n average of 40 a ton but latterly sales have been on the basis of about a ton ton ton-a a jump of about per cent Prices have ranged up to nearly per ton for two- two year-old year ships shiV and even vessels thirty years old have ave fetched a a. ton The profits made on sales are so large that many of the boats have changed I hands several times during the last two years ears I Thus one year ten-year-old steamship which was sold for In 1914 was waa disposed of for tor last year ear and has lately been knocked down downa a again ain for or Another vessel twenty years ears of age fetched last August last January and has now realized A third ship built In 1891 which was priced at only in 1912 sold for last year and yet again for tor quite recently Four other craft the youngest ten years of age which together were disposed disposed disposed dis dis- dis- dis posed of for In 1915 have re recently recently recently re- re fetched And here are two other examples One twenty twenty- year seven boat which was sold for Jor in 1913 has Just be been n disposed dIsposed disposed dis dIs- posed of for tor and one old eighteen craft which realIzed realized realized real real- in 1914 has now changed hands for The above representative e sales re relate relate re- re late only to steamships but sailing ships can supply equally astounding illustrations of the phenomenal rise In values In 1915 the average rate per J I Iton ton realized was about 2 22 but this this this' year the mean has been around 47 47 an increase of about per cent year Twenty ships chips and over have hae commanded 65 per ton while even craft built bunt In the TOs have fetched from 20 to 30 nO per ton |