Business: Deals & Developments

Detroit Bridge Default. Little more than a year old, valued at $13,892,000 is the Detroit International Bridge between Detroit and Sandwich, Ont. Last week not the bridge but the company of the same name which owns it began to sway dangerously. Business depression has caused traffic to fall off. Competing ferries have cut their rates viciously rather than go out of business. Traffic has been diverted into the new Detroit-Canada Tunnel. During 1930 toll revenue was $892,000, operating expenses—$328,000. But by the time all charges...

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