Word: seaway
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...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...
...international waterways be put under supervision by a series of small United Nations police forces. "How can we expect Colonel Nasser to internationalize Suez when the principle is restricted to him?" she asked. "There is always a colonial twist which brings forth bad memories when only one international seaway, is, in fact, internationalized...
PRIVATE POWER won long dispute over whether bulk of U.S. power from St. Lawrence Seaway project should go to private industry or to public systems. New York's Governor Harriman okayed sale to Reynolds Metals Co. of more than 25% of state's St. Lawrence power, on top of same amount already promised to Alcoa. Reynolds will build $88 million aluminum reduction plant on St. Lawrence near Massena, N.Y., and General Motors will put up aluminum casting foundry there, spur lagging industrialization in the upstate area...