Actually, ships would haul anything they could sell. If the port they were at had nothing of value to ship, they might load up with stones, just for ballast. But cargo was NEVER "shipped high". Anyone who has ever operated a sailboat knows you put your weight as low as possible.
Many years ago I was taking a tour of an old house in Charleston, SC. I was surprised to see coal in the fireplace, knowing that there are no coal mines within 500 miles of Charleston, and that pine trees were quite plentiful in antebellum South Carolina. I asked the docent, and she ensured me that this was historically accurate. Coal was hauled as ballast from England, and the wealthiest Charlestonians (who were very rich indeed) would use it instead of wood to heat their homes.
Of course, as I said earlier and is described in the link posted by Casey, the whole thing fails miserably on linguistic grounds. If you know the equivalent German word, you'll know what I mean.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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