Business & Finance: Strong Railroads

Many a U. S. railroad last week reported on its first five months of 1929. Roads in general showed incomes considerably increased over the corresponding period in 1928. Largest increase in net operating income was enjoyed by Norfolk & Western, largest net operating income by Southern Pacific. One of the few roads reporting decrease in net operating income was Northern Net Pacific, Figures on large roads reporting were:

Road Net Operating Income First 5 months 1928/* Net Operating Income First 5 months 1929

Union Pacific . . . . . $10,408,700 $13,459,697 Southern Pacific ....

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