The Sale

The Shipping Board announced officially that there was a likelihood of its selling approximately 100 of its 400 ships in operation. Negotiations are now going on as a result of the bids which the Board asked on its fleet last month. The 100 ships would be sold with five or six trade routes. Definite action may not come for several weeks, however, on account of the time necessary in arranging details.

Meanwhile Edward P. Farley took office as chairman of the Board, succeeding A. D. Lasker, and is preparing plans for government operation of the remaining ships and routes. Private owners are still hopeful of modifying the Government's plan for operation by subsidiaries of the

Emergency Fleet Corporation in pursuance of Mr. Lasker's previously outlined plan. (TIME, June 18.)