AMERICA'S PROSPERITY
RAILWAYS AND STEEL STOCK
(United Press Association.— Copyright.) NEW YORK, 13 th March.
A reflection of the sustained prosperity of American industry is contained in the financial reports of the so-called class 1 railways, comprising the major lines of the country, and the United States Steel Corporation. Tho reports for 1926 showed the operating revenues of tho railways to be 6499 million dollars, representing an increase of 262 millions over 1925, while tho net revenues wore 1232 millions, representing a 5.13 per cent, return upon tho-in-vestment. Tho Steel Corporation's gross earnings during 1920 totallod 1508 million dollars, representing an increase of 102 millions over 1925, and the net earnings were 199 millions, representing, earnings of approximately 18 dollars per share on tho 5,083,000 outstanding shares of common stock, after all dividends on preferred shares had been paid.
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Bibliographic details
Evening Post, Volume CXIII, Issue 62, 15 March 1927, Page 9
Word Count
139AMERICA'S PROSPERITY Evening Post, Volume CXIII, Issue 62, 15 March 1927, Page 9
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