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Show ROADS TO SPEND MILLIONS FOR HGLLiNG STOCK 1.500 Locomotives: 15.000 Refrigerator Cars and 1200 Passenger Cars Needed. WASHINGTON. Jan. -4 During the year 1920 the railroads of the country spent $349,500,000 for new equipment, according to figures announced today by Robert S P.inke.d. Of the Association Associa-tion of Railway Ex utlves. The largest Item of expenditure was $ 13fi.000.e00. for 43.00') freight cars and the railways, Mr. Binkerd said, now are trying to make financial 'arrangements 'ar-rangements to secure an additional total of 60.000 cars. Purchase of 15.-000 15.-000 refrigerator cars at a cost of $6 7.-500 7.-500 000 and 110U new locomotives at i cost of $inr.ooo,(i)0 Is planned and contracts already have been made for 1200 passenger tars to cost $42,000,-ooo, $42,000,-ooo, he :aid. oo |