Word: freights
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Dates: during 1950-1959
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Profit Slump. Humphrey argued back that National Steel's other goods and services, e.g., freight rates, have crept up so much that its- manufacturing costs are at least $7.88 a ton higher than last spring. Yet National's July price increase averaged only $4.58 a ton because it specializes in certain steels on which there was a smaller-than-average rise or none at all. Humphrey felt that any price rise "tends to be inflationary," but. he thought the steel rise was necessary. So hard have higher costs nipped National that its third-quarter profits slid...
There are occasional sentences so strung with subsidiary clauses that they clank by like a slow freight in the Louisville & Nashville yards, and some of the family conversations contain too much of the truth of total recall. Yet the book thrusts and pulses with the joy of existence. It is a prayerful celebration of the truth that love can outlast death...
...notable example was the stock market, which started out strong, bouncing up 8.30 points to 441.04 on the Dow-Jones industrials average. But as the week progressed, a new report on railroad freight-car loadings showed a sharp drop to 703,688 cars for the week or 13.8% below 1956 levels; loadings of grain, ore and manufactured goods were all down. What worried Wall Streeters was the fact that freight-car loadings normally increase until the end of October, then fall off steadily until year's end. This year the decline started several weeks early, due largely, according...
...industrialized area. The lines own millions of dollars in property (including Grand Central station and a huge chunk of Park Avenue real estate, Pennsy's Pennsylvania Stations in New York and Philadelphia), employ 184,000 workers, last year transported 80 million passengers and hauled 378 million tons of freight...
Into the Red. When Central's Chairman Robert R. Young came to the road* in 1954 after a bitter proxy battle, he was sure he had the cure for those ailments. He introduced time-and labor-saving centralized traffic control, installed pushbutton freight yards and increased dieselization. Last year he announced the beginning of a $500 million capital-improvement program, and early this year confidently crowed that Central's stock soon would be up to $100 and paying $8 a share. The stock climbed briefly, but Young saw his hopes dashed as Central's financial position deteriorated...