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...Inland from Venezuela's Caribbean coast some 200 miles, the swift, black Caroni River plunges into the chocolate-colored Orinoco. Southward from this junction of two mighty streams lie jungles and sandy scrublands studded with low, reddish mountains. This poor-looking expanse is one of the world's great storehouses of iron. West of the Caroni looms Cerro Bolivar, blanketed with 500 million tons of high-grade ore. Farther west lies another iron mountain, El Trueno, endowed with 150 million tons. On the other side of the Caroni. Bethlehem Steel Corp. gathers up 3,000,000 tons...

Author: /time Magazine | Title: VENEZUELA: Backland Bonanza | 11/19/1956 | See Source »

...majority business view was probably expressed by Inland Steel Co.'s President Joseph L. Block, who forecast that whatever happens Nov. 6, steel output should approach a 12O-million-ton record next year, rise to a 143-million-ton capacity by 1959. "But it should enhance business confidence," said Block, "if the President is re-elected...

Author: /time Magazine | Title: STATE OF BUSINESS: Rebound | 10/15/1956 | See Source »

...carrying 41 million tons of freight some 7 billion ton-miles annually-more tonnage over a greater distance than either the Kiel or the Panama Canal. Touching every major Gulf port, it has helped boost New Orleans into the nation's No. 2 seaport, transformed Houston from an inland city into one of the busiest U.S. ports, handling $500 million worth of waterway cargo alone last year, including everything from autos to seashells. The waterway has also opened up the Gulf's vast natural resources at bargain-basement prices. By using strings of heavily laden barges, businessmen...

Author: /time Magazine | Title: Business: The Intracoastal Waterway | 10/1/1956 | See Source »

...Holland died in 1945 (Miller died in 1946), all but a final 140-mile section in Texas was finished; the waterway was 125 ft. wide and 12 ft. deep along most of its length, completely fitted out with locks, flood-control dams and side canals running up to important inland cities...

Author: /time Magazine | Title: Business: The Intracoastal Waterway | 10/1/1956 | See Source »

...Chemical) have built plants and warehouses along its banks, while thousands of others use it for cheap transportation. One enterprising Texan has built up a booming business carrying truck trailers up and down the canal by barge, thus eliminating dockside loading and speeding up the delivery of goods to inland points. To compete with low-priced local brews, Milwaukee's Schlitz floats 8,000-case bargeloads (equal to 45 boxcars) to Houston by inland waterway from the Great Lakes, saves 40% on transportation costs. Most of the oil industry's steel drilling pipe comes in by barge...

Author: /time Magazine | Title: Business: The Intracoastal Waterway | 10/1/1956 | See Source »

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