Publisher's Synopsis
Excerpt from Annual Report of the Governor of the Panama Canal for the Fiscal Year Ended June 30, 1924
The high figures for the fiscal year 1924 were due in part to heavy oil Shipments from California. These began in September, 1922, and reached their peak one year later, in September, 1923, when tons of California crude oil passed through the canal. Declining gradually from that date, these cargoes in June, 1924, totaled only tons, and a further shrinkage is expected. Owing to the loss of this oil business it is possible that the record of 1924 will not be equalled in 1925, but there is a constant growth in other directions which tends to make good the loss in oil. Excluding California oil altogether, the cargo in transit through The Panama Canal in 1923 was tons, and in 1924 it was tons, an increase of per cent.
The heaviest traffic of the year and in the history of the canal was in December, 1923, when the vessels in transit averaged a day.
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