Business: Comeback for Railroads

The nation's railroads, many of which have been chugging along unspectacularly, have finally begun to pick up steam from the economic boom. The two biggest U.S. roads, the Pennsylvania and the New York Central, last week reported climbing profits. The Pennsy's $4,512,912 profit for May (34¢ a share) set a 2½-year record, changed the big road's $2,264,466 deficit at the beginning of the month into a solid profit for the year's first five months. For the third month in a row, the Central's earnings were up, reached $3,346,217, or 52¢ a share, giving the Central a $6,500,000 profit for the first...

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