Santa Olivia sold 1925, deal details
THREE LINE DEALS STIR PORT American - Hawaiian Plans Intercoastal Increase; Grace to Serve Latins; Dollar Stresses Orient Shipping interests here are stirred by several huge transactions which are expected to mark- mark- a new era in the history of this port. Following are the highlights of the transactions: Purchase by the American-Hawaiian American-Hawaiian American-Hawaiian Steamship Company, Company, which has offices in Oakland, Oakland, from the Grace Steamship Lines of six freighters now operated operated in the Intercoastal service of the old Pacific Mail Steamship Company. Purchase by the W. R. Grace & Company of the assets of the Pacific Mail Steamship Company, Company, including foreign docks and real estate. Acquisition of the Dollar Line through Herbert Flelshhacker and associates of the five '.'President" '.'President" boats which the Pacific Mail line has operated in -the -the trans-Pacific trans-Pacific trans-Pacific trans-Pacific service during the past four years. LINES TO SPECIALIZE. The significance of the transactions, transactions, it is understood, Is that the American-Hawaiian American-Hawaiian American-Hawaiian company will amplify its intercoastal service with -the-vessels -the-vessels -the-vessels -the-vessels acquiredfrom-the acquiredfrom-the acquiredfrom-the Grace lines, the W. R. Grace company will retire from the intercoastal trade to specialize in South American American trade, and the Dollar Line will specialize in the trans-Pacific trans-Pacific trans-Pacific trade, , The vessels purchased' by the American-Hawaiian American-Hawaiian American-Hawaiian line are the Santa Clara, Santa Malta, Santa Olivia, Santa Barbara, Santa Baula and the Santa Rosa. NEW FIRM FORECAST. Speaking of the transaction, R. D. Lapman, president of the company, company, said: "The purchase of these vessels demonstrates our faith in the intercoastal intercoastal trade. The great and continuous continuous growth of . the Pacific coast, and development of Its numerous opportunities all point to the elements elements of permanency in the trade." Formation of a new company, The Panama Mall Steamship company, company, under the direction of the W. -R. -R. Grace interests, for the operation operation of the' vessels acquired from the Pacific ' Mail company, is forecast. These vessels will-be will-be will-be used in the South American trade.