Deals & Developments: Nov. 17, 1930

Sick Seaboard. Early this year was consummated a re-organization of Seaboard Air Line Railway Co., whose 4,500 mi. of track stretch north and south between Richmond and Miami, west between Wilmington and Birmingham. A feature of the re-organization was that it provided the road with $20,000,000 new working capital. But business depression has cut Seaboard's net in the first nine months of 1930 to $4,527,000 against $8,479,000 in that period last year. Seaboard common has dropped from $12½ to $1, preferred from $28 to $2¼. Last week...

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