Ogden Daily Standard | 1901-08-27 | Page 2 | Stagnation in Shipping

stagnation IN new york aug 27 stagnation in the shipping business at new york and even more BO at the outposts is the existing condition according to the journal of commerce which asserts that shipping Is demoralized and thai ship owners find themselves unable to obtain business at any rates dearth ot merchandise is not confined to any one department it la quite general including manufactured products as well as grain and provisions this condition of stagnation says tl journal ot commerce applies to the shipping business ot the outposts even more than to new york as practically all the freight business ont of this port la carried in the regular line the enormous freight ete amere ot the white star hamburg north german lloyd and atlantic transport steamship lines as well as the smaller freight carriers of the other lines with these lines the absence of demand tor freight room ie indicated merely by the low rates at which they offer to take cargo it does not however interfere with their regular bailing dates for it the havo not sufficient cargo they merelyn utilize their water ballast compartments and sail light it Is a fact that large steamers with tons carrying capacity and upwards have left this port carrying less than tons of cargo all told