Business & Finance: Deals & Developments

Better Rails. By last week 73 important railroads had reported their September results. Their figures fully equalled the hopeful expectations stirred by the steady rise in September carloadings. Total net operating income was $49,533,000, only 7.2% below last year. Thirty-four roads, including the New York Central, St. Paul, Western Pacific, Louisville & Nashville, Atlantic Coast Line, Southern, Pere Marquette and Central of New Jersey, had better operating incomes than a year ago. For the first nine months of 1932 the 73 roads made 48.4% less than in 1931. The extreme low was in...

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