Business: Roadbed v. Canal

What happens to prices when the President's 2,000,000-ton shipping pool curtails coastwise and intercoastal shipping, adding costly rail rates to goods which now move cheaply by sea? This problem landed on the desk of OPACS Chief Leon Henderson (see p. 16) last week, and it looked as though busy Leon might have some answers ready.

In 1940 more than 7,000,000 tons of coast-to-coast freight moved via the Panama Canal. Chief west-to-east items are lumber and wood pulp, canned goods, gasoline and fuel oil. From east to west the big items are steel and manufactured...

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