The sun., 1916-11-24
%7,OOO,OOO TOTAL
ORDERS IN 3 WEEKS
Railroads Of Y. 8. Break All
Records in Arranging for
Equipment.
DELAYING IS USELESS
Poor Prospects Of Lower
Prices and Better Delivery
for Some Time.

Arst three weeks Of November, accord
Ing to the Ratscay AGE Gosstte. ordered
equipment which cost over SCI. 900. zoo.
This Is by far the largest mount ever
purchased by tho railroads In any SINH
lar period In the history Of American
n~ilrosding.
In the three weeks there were ordered
S%,sos freight cars Of various descrip-
Cons. which, at a conservative valuation
Of si.5bo apiece. cost s5?.3ss.coe; sSs
locomotives. averaging $4,000 each. 81
$50. 900; 41s passenger train cars ut
$4,000 each. s7.o72.ooo. Adding orders
10 American manufacturers for sS3 loco
motives valued at ss,ss0.0oo for for
e,gn account makes the grand total
SIS. 1874 900.
In commenting on this the Rotisoay
Ace Gazette says:
sNow there 10 q moral to this. and IL
b made all the more cogent when II IL
realised that the railroads are buying
big at a time when prices are 20 to 80
per cent. above normal n when deliv-
cries are exceedingly slow. For a while
the railroads held of from purchasing.
primarily because they hoped for a de-
cline in prices Ii has low become evf.
dent that no decline In prices 10 to be
looked for In some time.
-The railroads see that they must buy
while they have the funds and before
deliveries become wen worse than they
are. Those railroads which have not al.
ready placed orders for their require
ments for many months ahead will be
further reminded that there In a great
foreign demand for equipment. Nor will
they be put n, a when they learn
that the New York Centrafs orders for
go locomotives reported in September
are for delivery in November. 1917. four
teen months ahead
DENVER d SALT LAKE kAILROAD-Ne-
ports earnings for second week Nov. So.5oe.
DEC r.i5i: for the fiscal year to date pu.i&.
inc 1850.
earnings for the second week Nov. ti.3ss. SO.
inc. sisS,cN. From July ! s:t.sl3.s7s. inc. a.
11.ise.
NEW ORLEANS. TEXAS 4 MExlco-vai.
ustion report to the Interstate Commerce
cost Sc isi.:si and now IL valued Of only
r. 81, $50, 10 was saddlrd with . capitalization
OF " 1853 OH. Report further states that ap.
pareDily unwarran'cd extravassnce marked
the roads construction. more than se.ooo.oco
being expended than was necessary. Original
cset Of road and equipment to date IL set
forth as follows: Road. s.ss5. 3s5: equipment.
Neg .r:&; general expenditures, N.+0 81;
total. 81, iot,s ai.
sEABOARD AIR LINE-Has sold TO Ne
tionsl City Bank and Guaranty Trust Com.
pany la.So.cf FIRST and consolidated mort.
gage 6 PER cent. bonds. which will be offered
TO the public shortly. These bonds, part OF
an authorization Of 500. roo 900. are . direct
cblig alton OF the company. and arc secured
by hrst mortgage upoi tis miles OF road
and coll literally ON s.G.s miles of road. Pro
oeeds of tho sue will be applied chiefly
against expenditures for improvements to
properties.
SOUTHERN PAClFlc-6ross earnings In
October amounted to si5.692. 1853, q gain OF
l.ss,79o. This was due to Sl.sss. s2I increase
In freight revenues. which was OFFSET by. .
decrease in passenger business of $50. tsS. Net
earnings. after taxes. were s5,9is..o5. q satn
Of $500 For the four months ended Octo-
Der 81 gross earnings we're fso.soo.iI1. an in
crease Of se..13.cs1. Freight revenues during
this period increased ss.7ss.ss. while passen-
ser earnings dropped 32.sjo.525. Operating In
come was So, 375. $40. q gain OF o.i6S.2eo.
wABASH-Reports gross earnings for DC
tober ss,sA.to inc. s572ys3o: net N.236.o6s. inc.
M. SIS: surplus $3.50 .ss5. inc. 500. oo7. For ten
months gross $50, SIS, So. inc. @.o63,:2s; net
S.40.~s. inc. N.s72.l III: surplus N.2&s.7S. Inc.
O.G16,i.4.