Ships

White Star Line. Last week President Franklin of the International Mercantile Marine Co. was in London to sell his White Star Line to Furness, Withy & Co., British operators, for over $35,000,000 (TIME, May 24 et ante).

Suddenly negotiations stopped. Many reasons were rumored, the most popular being I. M. M. wished to mark time until certain of buying U. S. Shipping Board vessels at "reasonable" prices. (The Leviathan may be bought for $10,000,000, all the others for $27,000,000--TIME, July 19). United American Line. Averrell Harriman closed the sale of his Resolute, Reliance and Cleveland to the Wilhelm Cuno's Hamburg-American Line last week. He wished to sell last spring (TIME, Mar. 15). The boats have been too expensive to operate; have brought a good price (over $8,000,000). The money might buy Shipping Board boats.