RAILROADS: Als Miracle

How has the New York Central done since Robert R. Young took over six months ago? Last week Chairman Young and President Alfred Perlman called reporters into the railroad's luxurious board room in Manhattan to give the answer. With his usual hyperbole, Young summed up: "Al Perlman has performed a miracle. It will go down as one of the great executive accomplishments in history."

When Young took over after the bitter proxy war, the road was running some $6,000,000 in the red. Last week he announced that the November profit was $5,400,000. For the year the Central would net up...

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