WATER TRANSPORTATION "539 ship of such vessels, having 754,000 gross tons, followed by Norway with 346,000, Sweden with 278,000, and Germany with 276,000. The United States ranks fifth with 267,000 gross tons. Sales Prices of Ships. Prices of second-hand cargo steamers followed the trend of freights in 1925 and fell to a very low level. During the last half of the year, 8 steamers of 5,000 to 10,000 deadweight tons, not over 5 years old, brought an average price of only $24 per ton. Few sales were made during the first half of the year. In the first half of 1924, 8 vessels had brought an average of $27 a ton, while 3 sold during the last half brought $38 a ton. Too much weight should not be placed on these figures since in such a small number of transactions unusual factors in one or two sales may throw the average out of line. Table 28.—Net Tonnage of Vessels Entered and Cleared in Foreign Trade Thousands of net tons of vessel capacity. Net ton equals 100 cubic feet of space. excluding cabins. machinery, ete.) Macg Tatal..conununene American. o.oo... Foreign. ooo. Per cent Ameri- Cano eee on. With cargo (total)... American. ....-.. Foreign __..._.__ [n ballast (total)... American. .._.._. Foreign. __..____. Total seaports. -.._.. Total northern border 910- 1914 \ver- aoe 1 18. 819 1,328 as’ 091 4 3 2, 597 3042 “ 555 ,022 5 286 Vas 5, Guy 1. 408 Entrances Total 1093 1 1994 88, 319 88. 299 27,725 38. 594 29, 628 28. 664 41 R 42 4 ‘8, 986 21, 125 37, 861 7,333 8, e00 1 an 8, 838 1, 652 7, 156 9, 454 "975 a7R 3 ha , 26 2 ARS Sea- ports | only, 1025 1008 69, 378 | 55,636 | 21, 149 34 487 an’ W|®_n 30, 773 21, 202 19, 571 18, 605 8, 745 "_RAQ 13,450 17,033 26,417 12,186 | 4,116 3 069 6, 636 12 740 55,636 | (910- 1914 AVer- aga 1 46. 579 11, 590 24’ 920 a4 0" 10, 404 8, 996 31, 408 6,175 2, 594 3 58] 34, 065 11. 814 Clearances Total Sea- ports | | only, 1024 1925 1925 1992 | 686.624 © 88.910 70,228 | 57, 160 27,808 ' 21, 304 12,420 + 35,766 s0al 37.4 27, 932 38. 692 30, 091 28 RIR 41 a 47 7 31, 912 8, 966 32, 946 14,712 8, 966 5.746 53, 216 13 408 53,720 20, 465 33, 255 15,190 9, 626 5, 564 45,750 14, 948 30, 802 11, 410 , "6,448 4, 964 57, 160 | 57, 160 13 068 | _ 55, 294 13. 616 + Fiscal years ended June 30. Source: Bureau of Foreign and Domestic Commerce. Entrances and Clearances. The amount of space available for cargo and passengers in our foreign trade is shown by the net-tonnage capacity of ships entering and clearing (Table 28). The total net tonnage of vessels in foreign trade entering American ports in 1925 was 69,378,000, a record figure. This was 48.8 per cent over the average of 1910-1914, and the tonnage with cargo was greater by 55.8 per cent. This difference indicates more complete use of the vessels, although definite knowl- 2dge on this point is precluded by the absence of data comparing actual weight of cargo with tonnage capacity during pre-war years