Optimism, Pessimism

The Association of American Railroads still breathed confidence last week. Said Warren C. Kendall, chairman of its service car division : "There is no question of a car shortage. . . . We'll keep ahead. We don't care how fast it [defense expansion] goes."

But if the approaching September-October traffic peak held no terrors for A.A.R., it held plenty for defense officials. A.A.R.'s optimism is based on its own estimate of 1941 traffic: 40,898,871 carloads, 12.5% more than last year. But carloadings thus far are up 17.3%. Non-A.A.R. economists on whom the Administration depends for railroad data now estimate...

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