Word: seaway
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Dates: during 1950-1959
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...SEAWAY BATTLE over St. Lawrence will flare up again next month when U.S. and Canadian governments begin work on setting toll rates. Eastern businessmen, railroadmen, truckers and shippers (who originally opposed seaway, now favor it) have formed 22-state group to fight for high tolls, which would make Midwestern ports less competitive. But Great Lakes-St. Lawrence Association is lobbying hard for rock-bottom tolls in first years of the seaway to attract new business...
...Toll rates on the St. Lawrence Seaway and the allocation of revenues. ¶ Canada's lopsided trade deficit with the U.S., and ground rules for U.S. businesses operating in Canada...
...ships of up to 10,000 tons and shallow-draft lake ships of 25,000 tons- almost double the present capacity. This is the first part of a five-year dredging program to open the upper Midwest to the globe-girdling ships that will use the new St. Lawrence Seaway. Said Army Secretary Wilber M. Brucker: "The final assault is being begun upon the barriers to the free flow of waterborne trade among the ports of the Great Lakes and those of the seven seas...
...days to five, cut lake shipping costs by 15? to 18? a ton, save shippers $10 million a year. It will also unlock the lakes for large-scale foreign trade. Some shippingmen predict that by 1965 Great Lakes-overseas traffic will go up tenfold, and the U.S. St. Lawrence Seaway Development Corp. optimistically forecasts that the seaway will pass 52 minion tons of cargo a year...
Help for Harbors. Readying for the surge in trade that will be generated by the deeper seaway and connecting channels, U.S. and Canadian lakeside ports are expected to spend about $50 million for improvement by the end of 1960. Chicago alone is putting $24 million into its Lake Calumet Harbor Development, has already added a mile-long dock, two grain elevators (total capacity: 13 million bu.), three modern cargo sheds (capacity: 300,000 sq. ft.), ten miles of railroad and five miles of access roads. Milwaukee is investing $11.2 million. Among its projects: a $5,500,000 steel pier that...