(See front cover)
With most U. S. railroads having by last week reported their first half incomes for 1929, statisticians, investors, speculators and railroaders noted and interpreted the following railroad facts:
General Earnings. Estimators figured that the operating net income for all U. S. railroads for the first half of 1929 was at the rate of annual earnings of 6.11% of railroad valuation (by the roads), whereas the same figure for corresponding 1928 period was at the annual rate of 4.78% on valuation.
Notable Earners. Pennsylvania, New Haven, Erie,...