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To: Homer_J_Simpson
Canal Tolls Still Dropping
Special to THE NEW YORK TIMES.
WASHINGTON, Aug. 5.-The July traffic figures for the Panama Canal, made public today by the War Department, showed a continuance of the decline which was first manifest in April. The peak for the year was in March, when 506 ocean-going vessels, paying $2,015,585.34 in tolls, passed through the canal. Since then traffic had dropped steadily until July, when 429 vessels paying tolls were cleared. These paid $1,694,205.

Why would shipping have declined? protectionism? anticipation of war? Side note that the avg toll was about $4,000 then. Wonder what it is now.
3 posted on 08/06/2008 6:31:04 AM PDT by PeterPrinciple ( Seeking the truth here folks.)
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To: PeterPrinciple
Why would shipping have declined?

I wondered about that myself. Was the depression deepening that late?

Side note that the avg toll was about $4,000 then. Wonder what it is now.

According to a Wikipidea explanation it depends on the cargo size, but seems to run around $200,000 for a loaded container ship.

4 posted on 08/06/2008 8:49:02 PM PDT by Homer_J_Simpson (For events that occurred in 1938, real time is 1938, not 2008.)
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