The Bureau of Railway Economics in Washington last week made public the earnings of the railways in 1925, the largest earnings in history; but because of increased investments the return was not so large as in 1916. The "net" in recent years:
1921 $ 600,937,356
1922 760,187,319
1923 961,955,457
1924 986,744,996
1925 1,136,973,477
According to the valuation of the roads by the Interstate Commerce Commission the 1925 earnings are a yield of 5%; according to the reckoning of the railroads (by book value), 4.83%. Fourteen Class I railroads had...
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