STEEL ORDERS are picking up. After five months of decline, more calls are coming in for construction steel and hardware items. Some top steelmen predict operating rate will rise from current 54% capacity to 60% this month, though no big jump is expected for months.
RAIL EARNINGS will go from bad to worse in the East. Rough weather and passenger deficit caused New York Central to lose more money ($3,972,104) in January than in any month in three years, and carloadings are running 20% below same period last year. The New Haven, which went...
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