Undoubtedly, one of the distinctive business developments of the past year has been the revival of interest and even enthusiasm in the railroad industry, after years of depression and doubt. Railroad securities have risen swiftly in price and have been eagerly purchased by the investing public, while new railroad financing has been accomplished with unexpected ease.
For volume of traffic, 1924 should rank only after the extraordinary rail way year of 1923. Carloadings this year are expected to reach 49,000,000 cars—about 1,000,000 less than 1923, but 4,000,000 over the heavy year of 1920. Loadings of merchandise, miscellaneous and less-than-carload freight l...
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