FREIGHTS STILL FALLING.

Poverty Bay Herald, Volume XLVII, Issue 15314, 9 September 1920, Page 6

FREIGHTS STILL FALLING.

LONDON, Aug. 9.-rThe state of. the freight market furnishes striking evidence m. support of the repeated forecasts- made by the Daily Express that freights will tumble, with the automatic result of a slump m. the prices of necessities. "It is certain," writes the Express shipping correspondent, "now £hat the Government havo withdrawn all control over -shipping, thnl freights will fall to v l^wer Wel m 'V near future."

Chartering . yesterday was slow, and rates m the Eastern, ore freights, Itivov Piute, and American markets were all efle'er.'

Tht? weakening- -of freight. r»l:es is p<=peeinlly noted by "Fairplay," the journal of the shipping trade, m its current ipsue. "Since our last; report," states "Fairplay," "the unsatisfactory * condition of the homeward 'markets has been Illustrated by tho business which, has been done nt lower rates, / For instance, the River Plate market exhibited even greater weakness than we foreshadowed would 'he the caso, with a. few boats offering for emnloyment. Grain rates from the Uiited States and Canada ore approaching 50 per cent, below what was paid a wfefc or two ago, while even at the lower level there is every little actual demand for ton,nnge." '*_.'..