FACTS & FIGURES
Railroads. Thanks to a rate boost in May, the Class 1 U.S. railroads clicked off a $76.7 million net profit in July, more than double 1947's July net. For the first seven months of 1948, the roads netted $334 million, compared to $247 million in the 1947 period.
WAA-Kaiser. Henry Kaiser took over another surplus war plant: the War Assets Administration leased the $22.8 million, 36-building aluminum mill at Newark, Ohio to Kaiser's Permanente Metals for ten years. Terms: 5% of the first year's sales, $125,000 a year minimum for the...
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