OCR Text |
Show WILL SPEND A BILLION. Astounding Figures Demonstrate Growth of our Railroads. Chicago Amerlcnn rnltwas will spend close to n billion dollar during tho present ear In an extraordinary effort to secure sufficient iqulyment power nnd truck, Including now roads, to make It posslbto to handle tho great amount nf traffic being offered to them. It tho car nnd locnmotlvo builder nnd the steel rallmakcrs do their part, tho mr will bo a record ouo In tho thn-o Industrie mentioned. "ltMa"Jtlnintra'ttint"ir themaunUc" turcrs aro equal to Hie task, between 310,000 and 360.000 freight cars to tho total equipment of tho railways ot ths United State, fully BO.ooO passenger car and more than (1.000 locomotives will bo added lo the steam power which I now mailable.' It Is snld now- that tbo railroads will pay fully $92,000,000 for steel rail during tho present )oar. If thl prove true, the steel mill will have to turn out about 3,300.000 tons ol that protluct. Tho output last year was about 3,:SO.Ono ton It I said tho western road will use fully 1. uOO.OoO ton nt rail anil that nearly 1,000,000 ton of thl will be lolled In the eastern mill. |