Railroad profits this year will be so good that the railroads may again become a healthy part of the economic system.
This cheerful fact was clinched last week when the venerable Association of American Railroads put total profits in the eight months to Sept. 1 at $466,900,000, v. $299,000,000 in the like 1941 period. Since more lush, big-traffic months are still to come, earnings for all of 1942 should top $800,000,00060% above last year and between 1926's $809,000,000 and 1929's record $897,000,000.
Some railroads are doing even better. Far-flung Northern Pacific last week reported eight months' profits at $5,787,000 against...
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