ATLANTIC SHIPPING.

Dominion, Volume 2, Issue 542, 24 June 1909, Page 7

ATLANTIC SHIPPING.

WHITE STAH LINE. FEELS THE EFFECTS OF THE BLUMP. ' REDUCED PROFITS. (By Telegraph,—Press A6sociati«Lr-OopyrlilrtJ • (Roc. Juno 23, 10.10 p.m.)'. London, Juno 23.. Ho Whrto Star Co.'s working ■ profit in 1908 was £299,940, oorapaced with £548,453 in 1907. ;' ' • , reduced figures all round. • The White Star, like all tho big trans-Atljuitre shipping companies, English ana German, his been badly hit by the slump. Tho Cunord'Com- , pany, whose trans-Atlantic fleet includes i thfl two -great : record-breakine steamers Lnsitania' and Mauretariiii, declared no dividend for tho year. The Cunard Company's gross profit for the year is .£'186,000. ' This, together with a sum of ,£150,000 taken from reserves, will be used to oover depreciations and. interest on debon- ; tnros. ' ' , v - ■ • .; .■ . ... • . It was cablcd on Apnl 4: 'Tho North Gorman Lloyd. Company. reports that the unprecedented falhng-olf m. tlio nnmbor of immigrants to th#< United States, the depression in trado, and tho freight waryhaye resulted in a reduction of th« surplus to 9,218,000 markß (about .£*00,060), against 32,(597,000 (about at tho end of 1907; The company will,be obliged.to draw on its entire reserve, and renewal funds in order to carry rnt! tho necessary Iwriting-off; operations.*, A CUNARD RECORD. ■ (By Tclegraib.—Press Association.—Oopyrlebt) / London, Juno 22. Ctroard steamor Mauritania mado tho passage from Now York to London (P) k S days 8 hours. ■ . . ' MAIL DELIVERIES. THE GEEMAN EECOED pP LAST YEAH.

; The Canard liners hare hitherto rtm botweon New York and Liverpool, via Queenstown (Ireland),! but recent English/ papers announoo the dropping of Qu«enstown. • Thore, was another .proposal that the Cuntj'rders should drop lx>th Queenstown and Liverpool/ run .to Plymonth "or Southampton.lt. is .not clear .from: the cable message, where: the Mauretania mads; her run to, but;' judging from : tho timel it would possibly Plymouth.'■ On August 2i of last year the North-German Lloyd liner Kai-' sor Wilhelm II put lip .a record for the New York-Plymouth", run ' of 6' days 0 hours .65 minutes from Sandy Hook to Uddystone. Thiv it' .will bo,seen, 'is nearly two',hours■ longer, .than the tiiuo taken by tho Mauretania.. Tho. roal inwardness of recent developmonta is tho tjme • taken by: the; American: mail delivery. As long as the Cunarders wort stopping' int Queenstown—their, letters being,sent'thenco; to London, via Bublin and Holyhead—the German liners running to Plymouth continued tn hold the mail record, ! despito tho-greater. speed of the Cunanlers. Tho New York-Plymouth run—then a record—o{ tho'Kaiser Wilholm ll' in August 'Inst, was intended ,to\ demonstrate this, for a Great..Western speoial train con-' noctcd with-the German liner, and delivered tho mails in London in 6 days botsrs from the time of tho closing of the: mail -in Now . York-r-a' record for the deliveryof .American mails in London. Henco, the increasod agitation • for omitting Qu««nstown from the Cun-' • orders'"run.. ;■.i'.v.'.i,'-' . I V. '. •„-'s■ ■ "It must.bo admitted (writes a correspondent of "The Times") that thV. advantages afforded by Queenstown as an American: mail station have-beoom« less evident with the rapid growth of I,speed of.; modern Atlantic' liners and with: tho tendency to.avoid:as much;as possible any' break of journoy.. In this connection some significanoe may bo attached to the fact'that whentho White: Star' Line two years ago adopted Southampton in the place of Liverpool as■ tho. eastern terminal port'' for their Wednesday. •mail steamer service to Now York; Plymouth wns,substituted for.Queenstown' aa tho port of' disembarkation of- tho homoward mails, and apparently this arrangement hus been found to ..work satisfactorily. | Qf 'course," Queenstown . has fought harder against . being drppped by tho Cunard Lino, and"* Liverpool has fought harder. Bnt ■ tbo Wliito Star example has long been regarded, however, as pointing the Way.