Word: freight
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Dates: during 1930-1939
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...weeks. Some thought this was a lull before a reaction, others declared it a pause while business caught up. Meanwhile, steel production rose again, reaching 39.8% of capacity, an eleven-point rise since prices were cut June 24. Lumber production and wholesale food prices were also up. Freight loadings were off more than seasonally, as was power production. Wheat prices broke to new lows for the year and bank clearings slipped $700,000,000 from the previous week, were 14.6% under a year...
...conviction that the South presents right now the nation's No. 1 economic problem-the nation's problem, not merely the South's." It is the conviction of eight Southern Governors that the chief barrier to the South's economic improvement is a system of freight-rate disparities which favor the North. Last week, before an Interstate Commerce Commission examiner in Buffalo, N. Y., the second battle in their campaign to remove these disparities came to an end. In Birmingham, Ala., three months ago, the South presented its side of the complex controversy; in Buffalo...
Concept. As railroads twined themselves across the U. S. during the last century, they engaged in a series of costly freight-rate wars. There was no Interstate Commerce Commission to settle the wrangle, so the roads set up three territories and arranged rate schedules in each. Western territory was everywhere west of the Mississippi; Southern, everywhere east of the Mississippi and south of the Ohio and Potomac Rivers; Official, everywhere east of the Mississippi and north of the Ohio and Potomac. In each territory the rates were fixed on the time-honored basis of traffic density. As an agricultural area...
...spur this industrialization, Governors of nine southeastern States (Mississippi, Louisiana, Kentucky, Florida, Tennessee, North Carolina, South Carolina, Georgia and Alabama) year ago formed a "conference." At the top of their program they put equalization of the freight disparities...
...adjoining map shows how (Texas excluded) the South's six biggest industrial centres have grown since 1914. That Louisville grew most is due partly to tobacco, partly to liquor, and partly to the fact that, lying on the Ohio, it does not suffer from the freight-rate disparities which Governors of other Southern States last week were protesting...