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Newspaper

New York Times

Location

New York, New York, United States of America

Date

Apr 06, 1908

Page

12

Internal Trade Improves Says Bureau of Statistics

February 1908 report shows modest gains in coal iron and building trades over January with rail traffic inching up. Building permits in 50 cities total 25.1 million dollars, though well below February 1907. Coke and anthracite shipments rise modestly. livestock and grain receipts in Atlantic cities up vs 1907, while interior markets lag.

Bureau of Statistics Department of Commerce and Labor Bureau Onnuary Pittsburg Mahoning Valley Ohio Connellsville Pennsylvania Railroad Company Erie Baltimore ,Ohio Railroad New York Central Railroad Atlantic Boston New York Philadelphia Baltimore

Railroads Face Mixed Signals on Panic Earnings Slump

Inter-State Commerce Commissioner Franklin Lane argued the railroads suffered little from the recent panic, predicting a car shortage and brighter months ahead. Critics point to six months of 1907 data showing a 32.95 percent drop in gross earnings and a 52.17 percent fall in net earnings from October to January, with February and March trends confirming ongoing weakness.

Franklin K. Lane Lane Inter-State Commerce Commission Financial Chronicle

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