Show STEEL MEN STRESS NEEDS OF RAILWAYS RAiL WAYS NEW YORK Nov 15 The JP-The P The recent recent recent re re- re- re cent piling up o of railway deferred d maintenance charge is being watched closely by the large steel companies with an eye to real business Rails Ralls and operating equipment itis Itis it its is pointed s ou out are slowly lowly but surely wearing out and in some instances replacement orders must appear in a short hort time Former Secretary of Commerce Lamont Lamont La- La mont now head of the American Iron and Steel institute recently said the railroads over the next several years would be under the necessity of making mak mak- ing ng exceptionally large expenditures s for Cor or maintenance if it they hoped to run trains For the first eight months of ot 1932 the he maintenance of way charges of the he class 1 railroads were 57 per cent lower ower than for the first eight months of 1929 Operating revenues were 50 per cent under the 1929 figure figure- The railway operators however believe that because of ot decreased earni earnings gs any substantial increase in maintenance work or charges is improbable im im- probable soon if fixed charges are to tobe tobe be je met On the other hand some soma carrier officials admit that further large arge reductions are improbable although al al- though hough maintenance expenditures will be kept as close to the minimum as possible in keeping with safet safety |