Business & Finance: Railroad Earnings

Record car loadings of early Summer led some to predict much larger net earnings for the railroads. Stock market prices have not, however, advanced to an important extent, and now, as the company statements for July are made public, the reason has become apparent. Although the gross business of the roads as a rule reflects their record volume of traffic, higher expenses here prevented any great growth of net earnings, and in some cases even decreased them. The purchase of new equipment as well as the lasting effects of the shopmen's strike have...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!