Show RAILROADS fORESEE GAIN GAIL GAILIN IN N TRAFFIC m IN I nN l Bottom of Business Decline Passed IndustrIal Activity on Upward Movement South South- Southern Southern Southern ern States Prospering By BT JUC IL COLFA Standard nn j S I Corre Corre t Cop by Tin Consoli- Consoli Consolidated Consolidated dated Press Pres Association WASHINGTON WASHINGTO July FIg 12 12 Fig Figures tires ures Indicating that th the bottom of the tho movement down downward ard In and Industry v as reach reach- reached ed d three Weeks or ago oco were public bi by the AmerIcan ai Ralla In n a summary pf pt cir car r loadings since Jui Jum t l 14 Business Hu has picked ed up since that dale date and Is la UI mending and the railroads arc are contemplating contemplating plating a i of ther the r dining dUI ing the next few Cew ew I On June 14 H the chief railroads I of the tho country had Idle I I cars In good order on their rails That Is the highest number re- re recorded recorded re recorded corded since 1921 right d ds dale dater s later ater or on Juno 21 the num num- number number number ber of Idle curs cars had bad dropped to a slight decrease but one regarded as significant of ot the trend toward a revival revl Ten days dau da 3 thereafter or on Jul x 1 a still further decrease In idle cars to vu aaa I recorded ext Week tel the sho showing III will Bill bo be eUIl better 0 or ns c At the th- height of the 1921 da- da de do 1 more than Idle freight cars In good condition At were sere a for tor business that lime Ume however hoe the tha railroads tad ad fir far fewer cars than at present pres pres- present ent nt A spending pending program ot of or more moro has been carried out almost In full since that time Involving an Increase In equipment amounting t to f tens of thousands of ot cars figures of toda today for toi that reason are hardly comparable with thos those of ot three leers ears ago It rt Is regarded by the railroads as significant also alio that almost all the tho So l so In Idl Idle cars Is le due duo to o a up pick In the coal Industry Ordinarily the coal industry does pot not show signs of re at thIs time Ime of ot fear ear car unless there Is a great current demand for or coal And such a demand as slewed here can enn mean but on thIng better conditions In the Industries that use coal The transportation transportation transportation tion of o coal for tor filling against the winter Inter generally generall does de not be- be begin begin gin gin till later laler CS x R GS GOOD railroad earnings earn earn- earnIngs earnings Returns co covering ings for lor May at present plesent coming n to the Intel state commerce commission till fall to confirm the some somewhat hat pes pessimistic belief bellet gen gen- generally generally current that nit net Income would show a material drop dur dur- dur- dur durIng during during ing that month Returns for or 30 loading carriers carriero show gross earn earn- earnIngs earnings earnings ings for tor May Ma Mn slightly higher than for April but about 13 per cent below those of Ma 1923 It had been generally generall thought that the decline would bo be much greater These returns also disclose the tho seasonal position for May to have been only 1 per p r cent below normal In the west cst the decline appe appears s to have been almost almot wholly holl checked standing In May t I-t t tenth one-tenth of one pel pct cent be- be ov be-ov ow the April figures figure In the they caS y i the recession from April to was slightly moro more than fh fine e per er cent the largest for any ny sec eec section sec section tion of oC the country The south appears to be prosperous pros pros- prosperous prosperous according to th the tha carriers figures conditions op ore 0 railroads railroad there being nearly 24 per cent above bove bove normal The d decline ellne In the south Muth from Crom April to May was yeas S than one and ore halt per percent percent percent cent June Juno earnings ns as expected undoubtedly will III be somewhat 10 er than those for tor May but July Is expected to show an In- In Increase increase In Increase crease If It the present obvious trend to toward ard better business con con- continues continues For the three weeks end Ins Ind June Junt 21 carlo were more than 10 per cent less than they were sere tre luring during the corresponding correspond correspond- correspondIng Ing period last year At the same ame time however hO the c ot of othe the railroads hate hale ha 0 decreased The Then Thenet n net t It Is believed will not be as asfar far below that of ot May l Mav as May was belo below March Marel l I 1 r IN I 1 1 ALL At the executive e offices of some somo someo ot of the tho duct chief carriers plans are arc being made to handle a much larger volume of freight during the coming comins two tao months thin than was as handled during luring May end and June And after September 1 15 G the usual seasonal Increase I Is expected to carry car loadings above e the 1000 line lIno week Cars Idle today will 1 no longer longcr be idle b mid-autumn mid In the thO the lew view It of ot many railroad officials an and 1 the roads road at nt I present operating operating ing n o on reduced educed e en schedules may rI hate e to o r draw on n their reserves se to pull the Iho freight frt offered them In n anticipation of ot a larger amount of oC o traffic this tall fall many nil roads although at t present burdened with Ith excess equipment I have been actively engaged d In 1 repairIng bad order ca cars and put put- putting put putting ting ling their motive 10 el in better condition As they see sea the fu- fu future future fu future ture they probably will sill need all theIr cars and locomotives es they can get within three months from the present time 00 00 |