SHIPPING FREIGHTS

Evening Star, Issue 20076, 17 January 1929, Page 7

SHIPPING FREIGHTS

REDUCTION OH WHEAT EFFORT TO REGAIN LOST TRADE. Press Association—By Telegraph—Copyright. SYDNEY, January 10. The decision to reduce the freights on wheat and flour is regarded as a belated move to regain some of the lost trade due to the excessive rates formerly in operation. The reductions are about equivalent to 2td per bushel, which has resulted in the* hardening of the wTieat market. However, it is doubtful whether" the growers will reap much benefit, as more than two-thirds of the current season’s grain is under agreement to he shipped, either to the Continent at the old rates, or to the East, where lower frieghts are in operation.

THE OUTWARD INCREASES. SUSPENDED PENDING CONFERENCE. Press Association—By Telegraph—Copyright. .MELBOURNE, January 1(1. “ The proposed increase in the outward freights to Australia lias been suspended pending a (■(inference between the Commonwealth Government and shipping representatives,” said Mr Bnico to-day. He added that at this conference the whole question of Australia’s oversea shipping would bo considered with a view to putting it on a bettor basis and avoiding increases. SHIP OWNERS’ ATTITUDE. Press Association —By TVlegraoli—Copyright. .LONDON, January 1(1. A ship owners’ conference was hurriedly summoned as the result of a cable message from Australia protesting against, the freight increases. The Australian Press Association was authoritatively informed that the shippers arc making a firm stand and opposing the increases. Meanwhile the ship owners have decided not to impose the increase in freights at present.Australian Press Association.