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.
MENTIONED IN THIS ARTICLE
Bureau of Statistics
Department of Commerce and Labor
Bureau Onnuary
Pittsburg
Mahoning Valley
Ohio
Connellsville
Pennsylvania Railroad Company
Erie
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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.
MENTIONED IN THIS ARTICLE
Franklin K. Lane
Lane
Inter-State Commerce Commission
Financial Chronicle
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