Expected deficit of U. S. railroads for 1934 is $53,000,000. One place where no depression exists in the railroad industry is Cincinnati. So profitable has Cincinnati found railroading that last week it contemplated expanding its interests in that field.
The city-owned Cincinnati Southern, a 338-mi. road between Cincinnati and Chattanooga, has returned to the city nearly $65,000,000 in revenue since its completion in 1879. Its cost: $30,000,000. Optimistically the city last week began negotiations to acquire the Cincinnati, Georgetown & Portsmouth Railroad.
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