TRANSPORT: Trade In

Last week the United States Lines found itself in the happy position of a man who is about to be permitted to turn in a hopeless jalopy and get a new car for a quarter of the list price—the jalopy to be accepted as part payment. The U. S. Maritime Commission asked shipyards for bids on a new flagship of the U. S. Merchant Marine, to be built to the Commission's specifications for U. S. Lines. The winning bid is expected to be about $16,000,000. Under the current arrangement, United States Lines will...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!