RAILWAY LOSSES
COMPANIES IN AMERICA.
ONLY ELEVEN SHOW PROFITS
(United Press Association— Copyright)
(Received This Day, 12.5 p.m.) WASHINGTON, Sept. 6,
The recovery of general business in the yast year has not extended to the railways, according to the report of operations in the first half of 1930, issued to-day by the Inter-State Commerce Commission. Fifty class 1 railways, including the nation’s largest systems, not only failed to earn some 55,000,000 dollars fixed charges, but also sustained deficit in net income of 62,000,000 dollars. Only 11 showed a net income after depreciation and retirement had been taken into account. The aggregate income of fifty class 1 railways was 194,000,000 dollars, compared with 226,000,000 dollars for the corresponding period of 1934.
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Ashburton Guardian, Volume 55, Issue 279, 7 September 1935, Page 6
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120RAILWAY LOSSES Ashburton Guardian, Volume 55, Issue 279, 7 September 1935, Page 6
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