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This newspaper page contains 5 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 06, 1928
Page
2
The article argues that U S cities face drastic traffic changes as car use explodes. It cites Mr Babson on real estate opportunities and notes plans for express and local road separations, overhead crossings, and possible double deck streets inspired by Chicago Wacker Drive.
A real estate advisor urges investors to study city planning boards rules on future conditions including double deck streets and relief measures. He notes traffic congestion costs, big road programs, federal and state highway projects, and potential gains from straightened main highways and strategic cutoffs for country roads.
The piece notes potential future rises in cotton consumption and a major impact from highway construction. Bids have been requested for 309000 yards of fabric. It also discusses welding in bridges and elevated roads, and a nationwide real estate shift from new highways and straightened roads.
General purchasing power hinges on employment and a large construction program offers one of the most encouraging factors in the current business climate. Industry observers note the ripple effect across suppliers and related sectors.
A damaged OCR passage discusses securities related to road building firms and equipment suppliers. It mentions Babson chart as a means of evaluation with a four percent reference, though details are unclear.
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