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THE LIVERPOOL SHIPPING TRADE IN 1853.

Messrs. Tonge and Co. in their annual circular on this subject remark that a period of unusual prosperity in the shipping interest of England might shortly be anticipated. They say that prices of colonial ships have advanced fully 17 per cent, and with a continuing tendency upwards; while stocks have been reduced to 48 sail, against 76 in 1852, and 82 in 1851, without any immediate supplies being expected. They notice a marked improvement both in the model, material, and finish of Canadian ships, the majority of which have been constructed to class six or seven years, and to which a decided

preference is given by buyers over the spruce ships, or those classing but four or fire years, even at a very increased price. Among those "that have arrived within the last eight months are some as fine models of naval architecture as ever have been produced—combining in reality (from having great length of floor and 'fine ends) both carrying and sailing qualities of no ordinary kind. This advance in prices Aye do not apply so much to British-built vessels; for though a larger business has been done in them this year than last, there is not much, if any, increase in price. Quotations for 1852 therefore remain unaltered. New colonial ships, to class seven years A l,must be quoted at £6 15s. to £8 10s.; five years £5 10s. to £7. The enormous emigration to Australia has mainly contributed to this advance ; besides which, freights generally are very much better for the larger class of ships. Within the last two months, several small craft, varying from 180 to 260 tons register, and of light draught of water, which enables them to go direct to the port of discharge, have been purchased for the Australian trade at full prices. This prosperous state of things, it is believed will continue for twelve months—or it may be somewhat longer—when, perhaps, it is not too much to expect some means will have been found for freeing a large number of those ships that are now lying unmanned and incapable at the various Australian ports, amounting, by the last returns, to two hundred sail, equal to about 100,000 tons, and which, when freed, will return upon the market about the same time the large fleet of colonial ships in the course of construction will have :found their way here, and Avhich bear a proportion of five to three over those built in 1852, and five to four in 1851. The number of new vessels that have come into Liverpool within the year and sold is 120, equal to 50,000 tons. The number of ships launched and in course of construction in the port this year is 38, computed at 15,000 tons, against 23, computed at 9200, in 1851. The number of steamers built and in the course of construction amount to 13, equal to 4050 tons. The number of foreign vessels that have changed hands in Liverpool since the passing of the New Marine Act, in 1850, and registered by British owners, amount to 11, equal to 5000 tons. fi As regards iron built vessels, the most remarkable feature of the trade is the very increasing favour they are growing into, and which are noAV occupying the builders both in Liverpool, the Clyde, Newcastle, and elsewhere, to an unprecedented extent. There is no doubt but if some antifouling composition were discovered —which, while it Avould keep the bottom clean, would also preserve the iron—its use Avould, in a very great degree, for the merchant service, be preferred to wood for ship-building purposes ; the cost of a first-rate iron and Avood built ship being somewhat in favour of the former, and Avhich may be quoted at £14 10s to £15 per ton, complete for sea.— Liverpool Albion.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/LT18530702.2.15

Bibliographic details
Ngā taipitopito pukapuka

Lyttelton Times, Volume III, Issue 130, 2 July 1853, Page 8

Word count
Tapeke kupu
639

THE LIVERPOOL SHIPPING TRADE IN 1853. Lyttelton Times, Volume III, Issue 130, 2 July 1853, Page 8

THE LIVERPOOL SHIPPING TRADE IN 1853. Lyttelton Times, Volume III, Issue 130, 2 July 1853, Page 8

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