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Newspaper
Amarillo Globe
Location
Amarillo, Texas, United States of America
Date
May 14, 1934
Page
8
New York May 14 America’s $20 billion railroad system showed renewed strength in 1933 but failed to profit. Analysts say if trade remains steady, 1934 may cover fixed charges and yield a small net income. Railroads, struggling since 1931, relied on Reconstruction Finance Corp loans to avoid insolvency while awaiting improved traffic.
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