Modern business geography

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Monograph

Identifikator:: 1830562916

URN:: urn:nbn:de:zbw-retromon-217337

Document type:: Monograph

Author:: Huntington, Ellsworth http://d-nb.info/gnd/117070092; Cushing, Sumner W.

Title:: Modern business geography

Place of publication:: New York [usw.]

Publisher:: World Book Company

Year of publication:: 1930

Scope:: VIII, 352 S.; Ill., graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part two. The field of transportation

Collection:: Economics Books

The Use of Ships 201 Since it then cost about $450 a day to operate the vessel, the saving for 26.8 days amounted to $12,060. From this sum canal tolls of $7981.20 had to be subtracted, leaving a net saving of $4168.80 for each voyage. Today, since the cost of running the ship has in- creased, the saving has also increased. One of the best indications of how the canal benefits seaborne trade may be seen in the following examples of the number of miles saved between ports on each of its four chief routes : Route (1) New York and San Francisco 2) San Francisco and Liverpool (3) Valparaiso and New York ‘4, New York and Yokohama MILES SAVED 7873 5666 3717 3768 How the Panama Canal benefits the people of the United States. The great reason for building the Panama Canal was to secure the benefits which it confers upon the United States. (1) It keeps down prices. As the cost of transportation is lowered, the prices of goods that come through the canal are also lowered. This does not mean that the prices are actually lower than formerly, but lower than they would presumably have been had not the canal been built. Thus the canal is believed to have prevented the prices of canned salmon and canned peaches, for instance, from rising as high as they otherwise would have risen in our eastern markets; while the price of coal on the Pacific coast has probably soared less than would otherwise have happened. The prices of nitrates for the southern farmers, and of bamboo and rattan for the furniture makers of the northeastern United States, have likewise been kept down. In the same way the canal tends to cheapen kerosene in China, wheat in England, and manufactured goods in western South America. The canal has stimulated the trade of Gulf seaports and Missis- sippt waterways. Gulf ports, such as New Orleans and Galves- ton, are growing in importance because of the traffic given them by the Panama Canal. These ports handle goods passing be- tween the great Mississippi basin and the Pacific coast or the Orient — goods that were formerly handled by New York and Seattle. This traffic may in time lead to the improvement of the Mississippi River so that the cheap water route may con- tinue even to Pittsburgh, Chicago, Minneapolis, and Omaha. The canal brings North and South America together. Since the canal was built, the Pacific coast of South America has been more easily within reach of the Atlantic cities of the United States than of the European cities which formerly supplied it (2) 3)

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