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Show RAILROADS AIDED Federal Payment May Lead to Heavy Purchases of Equipment lu VLBKRT 1PP1 I Biggest business event of past week President Wilson signed Winslow bill. It starts payment to railroads of about. $400.0011,000, under government guar-j antee of fixed return to roads. Most railroads are several months! behind In paying bills. But there I should be enough left over to start : heavy buying Xext boom may start; with railroad purchases ! Only ::i-l miles of new American railways built last. year. Locomotives delivered last year only J79L' against ,C5tM In li07. Only 23,19-1 now freight I cars In 1920 against 280,211V In 1907. ! Railroads also 20 000,000 tons behind: in buying of steel rails. Kailro.ids In February moved about j one-eighth less freight than name time, r.'.'i but nearly ay much as in Feb-1 ruary, iupj. SEW ENGLAND RKVTA ING-Pickup ING-Pickup in textile and shoo Industries. Is reflected bv New England railroads moving 32,944 cars of freight In week, I against 22,001) same week last year. Respite textile revival, cotton last week slumped t lowest prices In six M ars. Experts fell off heavily. I ll ll l VBLOIDS. Steel industry getting ready for bottom bot-tom to fall out of pig iron and steel prices Not so says Judge Gary of V. S Steel Corporation But 60 days ago OrporatiOn ran 96 per cent capacity nbw about i'i.'i per eent. .Mall order trade lt thii less than 192D, which was abnormally large. Chicago district hardest hit by de-pfosslon. de-pfosslon. Employment there estimated estimat-ed low as 56 per cent of normal. Unemployment most severe in automobile auto-mobile industry 65 out of every 1 00 I workers idle But Ford reports good orders. Says his plants Will run ca-Ipaoity ca-Ipaoity In few weeks, j Price of rough diamonds at Johannesburg! Johan-nesburg! South Africa, has fallen 70 I per cent since last .May. Diamonds are scarcer and more precious than gold. Do they truly show trend of values? RAINBOWS. "Worst pari of the financial stringency strin-gency waii passed In January- From now on there will be a notable change for the better," says President llai-rlson llai-rlson of Southern Railway. only 341 business failures last week in United States, against 102 week before THOSE W IH II E VT Bank ciearlnKs last week, country over. 15.782,449,286, aKainnt I? -,-5 1 7.4 SO week before and $7.34T..:07.-"20 $7.34T..:07.-"20 a year ago when one dollarilidn't represent as much business because prices were higher then. last week 2,454,600 .shares changed hands im New York Stock exobange, one-fourth e.KS than week before and one-half less than samo week 1020. oo |