The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1913-10-07

the Pacific and the Far East"
By way of introduction, Professor
KirkSldy said that he believed that, so
far as the outside world is concerned,
THE greatest effect of the opening of
the canal will be to get commerce ana
trade out of the groove, and cause an
all-round moderniation of business
methods" Friction among the fac
tors of production he assures us,
will have to be eliminated, capital
and labor in competing countries will
have to work tremendously together"
His detailed explanation of his some
what sensational conclusions follows:
Taking London and New York as
the typical European and American
ports, the markets of the world fall in
to three classes-() Countries in
close proximity to the canal: here the
effect will be greatest and, in many
cases, the use of the canal necessity.
CD Australasia and the Far East. AT
present there is choice of routes to
these markets; Panama will offer an
other alternative. CD Ports not di-
rectly affected.
Glass 2 is receiving most atten-
ton from those estimating the effects
on world trade. There is a parallel
equidistant from London via Suez
and from New York via Panama. On
the south coast of Australia this is
Port Lincoln, Adelaide being the near
est great port. All Asiatic ports west
of Japan will continue to be nearer to
London, e. g., Manila will be 1000
miles nearer. But all Japanese and
New Zealand ports and all Australian
ports east of Adelaide will be nearer
New York
"Tolls-Panama differs from Suez |
here. Suez had an immediate mono.
poly; with Panama there is iii many
instances a choice Of routes, ana high |
tolls will defect tonnage.
"Freights-To benefit American
shipping, freight must be available
both out and home. To benefit Am
erican manufacturers, freight must be
low. At present, Europe supplies Aus
trailasia with manufactured goods.
and the shipping goes via Suez This
route gives a maximum of trading pos
sibilities and great facilities for coal
ing. The Cape route, too, offers to
fully loaded steamships the advantage
of cheap bunker-coal For the home
ward voyage from Australasia a part
ly loaded steamship goes via the Horn
to pick up cargo at ports like Monte
video. The canal would not attract
these ships. When Panama is open
will allround- the-world services be
Great Britain is in a bet
ter position to do this than any other
country. The rumors current recently
that an existing shipping combine was
trying TO arrange an amalgamation
with one of the oldest Far Eastern
shipping companies were probably
due to the hope of being able to com
mence such service, having some of
the chief trades of the world as tribu-
taries, from the moment that Panama
is available. America hopes to open
up new markets, e. g.. wool. This
now concentrates at London, but there
is tendency toward decentralization.
and if America develops the wooden
industry, she will get wool market
necessarily constructing a
Panama canal
Fuel Stations-This will be one of
the decisive factors, and lead to the
keenest commercial rivalry. The AM 4
erlcan government are planning to
supply good coal at either end of the
canal at $3.50 per ton. The English
coal on the Suez route is at present
much dearer; to maintain the Suez
route in it's integrity, the supply Of
cheaper coal is necessity. When oil
replaces coal the British Empire re- ,
sources Will be ample to maintain our I
position, but this must not
IN the meantime be placed in jeopardy, t
or disaster may ensue.
insurance rates Will probably be /,
The same on both routes. Literary
Digest :