WARTIME MEMORIES
AND 191- PRICES,
(Received 2.30 p.m.)
NEW YORK, August 5.
In selling 200 merchant marine vessels to Mr. Henry Ford for 1,706,000d0l the United States lost approximately 150,000,000d01.
The ships were built at a war-time cost of between 700,000 and 800,000dol each, and were sold to Mr. Ford for 8530d0l each.
He has the permission of the Shipping Board to retain and Dieselize fifty for the Transatlantic-South American trade, but it is understood he will retain only one or two.
The disposal of these vessels to Mr. Ford leaves 321 still on the market, for which the board will soon ask for bids, clearing- up the surplus now clogging the harbours and lagoons on the Atlantic Coast.—(A. and N.Z. Cable.)
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Auckland Star, Volume LVI, Issue 184, 6 August 1925, Page 9
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122WARTIME MEMORIES Auckland Star, Volume LVI, Issue 184, 6 August 1925, Page 9
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