Business & Finance: Things to Come

At General Electric Co.'s Erie works this week, railroad men will get their first good look at a new locomotive. It resembles a diesel on the outside, but is radically different on the inside. The engine, developed over a five-year period by G.E. and American Locomotive Co., is a gas turbine-electric locomotive, the first of its kind in the U.S. It was ready for test runs on the Union Pacific Railroad.

Although still in the development stage and costly to operate, the new locomotive puts out twice as much horsepower as a diesel of comparable size. G.E. and Alco hope to develop...

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