JAPAN'S TRADE VICTORIES

Taranaki Daily News, Volume LI, Issue 223, 14 September 1908, Page 4

JAPAN'S TRADE VICTORIES

AMERICANS DKIYEX FROM THE PACIFIC. American merchants trading with the Orient were astonished last month (says a tNe\v York correspondent) to receive an intimation that the Ilill and Harrison transcontinental railway systems have under consideration the abandonment as unprofitable of their (.xtensive 'Pacific steamship service, in which are invested millions of dollars. The fundamental reason is that these lines are unable to compete with the cheap rates which the Japanese steamers find possible owing to low wages and heavy Government .subsidies. But these difficulties were capped by the latest ruling of the American Interstate Commerce Commission. To meet the deadly Japanese competition the railways have been forced to give cheap through rates to China, Japan, Australia, and New Zealand. The Commission, under pressure from Californian merchants; lias now ordered the railways to separate their island charges from their ocean rates, and to-publish the former. Rather than comply, the railway*, knowing what a storm the revelation ©I their low rates of Oriental shipments would raise on the Pacific coast, declare that they will sell their steamers on Ist November and abandon the coast trade alto get her. This trade is value at about C 1.000,000 annually, and its cessation will give the Japanese a virtual monopoly of American freight-carrying across the Pacific. Last year the German Hues, under stress of Japanese competition; transferred several of their Pacific vessels to other routes. Mr. James Hill, when one of his newest and largest ships was wrecked recently, announced that for the same reason, it was not worth while to replace it. A representative of one of the principal German lines told the correspondent that the reports that the Canadian Pacific Pacific Uaihvay would join the Americans by abandoning its Pacifksteamship service were unfounded, the British mail subsidy enabling it. to meet Japanese competition. H v added that if the American service ceases the North (ierman Lloyd will immediately extend iis lines betweeu Yokohama and Han Francisco to compete with the Japanese.

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