In California Digital Newspaper Collection, there is a 'Shipping Intelligence' report I am trying to understand. It's in "Charters", "Shipping Intelligence", San Francisco Call, 25 January 1896, p.12, col.6 - search for 'Glenclova', which is the name of the ship, if you want to see it.
'Glenclova' appears to have been chartered to transport lumber from the Puget Sound area to Australia, for she is reported in that edition of the SF Call as
"Glenclova loads lumber on the Sound for Sydney, 35s., option of Melbourne, Adelaide or Port Pirie, 45s."
I'm trying to understand exactly what this entry means and wonder if anyone has experience of shipping reports and can confirm or deny my thoughts?
My initial guess is that an export company had chartered her to take timber from the USA to Australia - initially to Sydney, but they had an option to continue on to one of the other three ports (which are further round the Australian coast from Sydney), no doubt depending on where the best price could be obtained.
What is of interest to me is what the 35 or 45 shillings bit means. Is 35s the unit price the ship charges to transport a certain amount of timber (1 ton?) to Sydney. Or is that the price the charter company will sell (per ton?) for in Australia? (With 45s being the price if they decide to go further).
I can't really see enough further examples to get any better ideas, so grateful if anyone can help.