U. S. railwaymen who are proud of their prestige breathed freely last week for the first time since the middle of October. They felt safer because their business was falling offweekly carloadings were down from October's peak of 861,198 to 785,901. The slump spelled no disaster to U. S. business, for it was a seasonal drop (adjusted)
H. L. Hamilton, who sold G. M. on the idea of going into the business and has been smart enough to carry on as Electro-Motive's president, explains: each oil-burning Diesel switcher brings its purchaser an average yearly operating saving of about $17,000....
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