Salt Lake Tribune | 1903-01-18 | Page 26 | A Cheering Outlook

A Cheering Outlook The Railway World adverting to the prevailing opinion of prominent banking and business men that we have at least another year of business activity ahead of us and that the railroads in tImework tIme-work of reconstructing their lines and upon which hundreds of millions remain to be expended will be an allpowerful factor In continuing business activity gives importance to the fact that enormous enor-mous expenditures by various railroad system are scheduled for the coming twelve months Next month it is stated the Pennsylvania railroad will enter upon contracts calling for an expendi I ture of over 50000000 provision having I been made for an Increase of 5100000000 In the companys capital stock Some < G000000 JH 1 to go Into new yards and buildings at Plttsburg 1000000 into real estate etc In New York City So000000 into the new union station In Washington 53000000 into track t eieva lions etc in Now Jersey 1000000 for the Trenton bildge and 2000000 for hn irovoments In Philadelphia Tim Balti more 8 Ohio also has worlc In conteni ilatlon that calls for the early expcndl lure of many millions the total not fall np below 30000000 The New York Central has 25000000 to spend on general gen-eral improvements The Southern Pacific Pa-cific and old Central Pacific are to hivu nearly 10000000 of new capital put into thorn AtchlronTopeka Santa Fe will spend 520000000 on now lines in Oklahoma And these are but a few of i the large outlays to be made by railways rail-ways tho effect of which upon business must he very considerable The mines he furnaces the machine shops and the factories will be kept busy in filling the contracts made necessary by the extensive wants of time railroads All branches of business will doubtless feel the benefit of the large outla5 provided pro-vided everything goes right In the financial finan-cial world Baltimore Sun