Word: freighting
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Dates: during 1930-1939
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...revenue began to fall on most fronts. Car-loadings are now some 20% under last year at the same season. With 28% of U. S. trackage already in the courts, the railroads were quick to clamor for Government help in the form of a general 15% rise in railroad freight rates. For a month railroad men and business leaders have almost unanimously maintained that the alternative to a rate rise is Government operation. Hearings before the Interstate Commerce Commission in Washington by last week had become such a unanimous parade of evidence that almost everyone began to take...
Such technical changes, however, are only an eddy in the economic storm now assaulting stock prices. Judged by indices, this storm last week was blowing as hard as ever. Steel production slumped another two points to 27.5% of capacity. Lumber, power and cement output dwindled. Freight cars were at the year's emptiest. Furniture sales were 30% less than last year. But indices, being statistical compilations of past events, are always a bit behind the times. More intangible but more up-to-date indications last week seemed to point in the other direction. The New York stockmarket completed...
...coaches and freight cars...
Behind the renewed market fall there was no new cause, merely an emphasized continuance of the old ones. Steel production fell five points more to 31% of capacity. Freight cars. were 12% less full. Automobile production dropped to 83,000 units against 116,000 for the same week last year. The National Industrial Conference Board announced that employment had fallen 6.4% since August.* Lumber and power output slipped again, and national advertising lineage in newspapers was 16% lower than last year. About the only thing that could have halted a market slide in the face of such statistics was good...
...from Europe or the Atlantic Coast to ports on the Pacific Coast at the same rate for Los Angeles, San Francisco or Seattle. In 1933, however, Director Allin was instrumental in obtaining four amendments to the Intercoastal Shipping Act, which put Stockton on par with other Pacific ports in freight charges, brought most of the intercoastal lines into Stockton. But, in spite ' of last year's Merchant Marine Act, few 'ocean carriers docked there. This is the point of the complaint to be decided next month, which will make or break Stockton...