OCR Text |
Show Rate War Declared on Pacific Lines San Francisco The Chronicle says an open rate war between shipping lines engaged in carrying canned goods and dried fruits from Pacific coast to European ports was forecast here. The action of the Pacific coast-European coast-European conference, taken on March 15, and guaranteeing shippers a ninety-day protection period on rate changes, has been rescinded as the first step in the conflict. Refusal of the Donaldson line and the Harrison direct line to increase their rates on j canned goods and dried fruits, as agreed to by all other lines in the trade, it was said, precipitated the conference con-ference action. This action indicates that the other lines will meet the present pres-ent rates of the two holdout lines. |