Show RAIL FUTURE SAID TO BE IN DOUBT By fly FRANK H. H McCONNELL cCONNELL 1 Associated Press Financial Writer r NEW YORK March 25 P P While some railroad executives express little optimism over future prospects ts there are re several who say there Is some basis for hope It I takes the form they say of slightly better beter profits profit now resulting from the 10 per cent wage ton tion It I is reported that a few roads have been encouraged as a result resul to io scale down their original estimates of or loan needs from the ton tion Finance corporation The Te majority majority ma- ma of all 61 Street executives however however however how how- ever say this improvement In net results result is not enough to do permanent perma- perma sent nent good Loss Ls of gross business has been too great these men point out to warrant belief that wholesale reductions in i loan applications will wm wille be e made One road had estimated Its Is February Feb Feb- fiur run into th the re red d said said saido o one officer ii but the actual figures showed net operating revenue of or as asa asi a a i result of economics economies largely growing grow grow- rowing ing ng out of the wage reduction I Pure nonsense said a grizzled veteran of the railroad business Only one thing will wi permanently help the roads and their prosperity on it i That's an increase in business Meanwhile loan applications continue con- con to pour into the interstate commerce com corn merce commission and nd the Reconstruction Reconstruction Recon Recon- Finance corporation Last week it i was announced that applications lons tons had been received from 44 I roads asking for a total of 00 Immediate approval was wa given to o 15 applications aggregating 54 Additional applications have I since been filed fed including the 55 request from the Baltimore Ohio |