Word: rails
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Dates: during 1940-1940
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...last week a gesture of warning and defiance to the Germans: let them not dare to try smuggling troopships down behind the islands along the Yugoslav coast. The R. A. F. bombed an oil refinery near Venice, aimed at a bridge near Fiume, and repeatedly smashed at Mannheim, a rail junction through which German munitions bound for Italy would pass...
...risen to over 700,000 carloadings a week. Commissioner Budd urged the roads to fix up their bad-order cars, keep them below 6%. The Administration wanted him to force orders for 100,000 new cars at once, 500,000 by 1942. Mr. Budd preferred not to interfere with rail managements...
...violent outcry followed his announcement. Railroad representatives were depressed by the news, which they took as one more blow at rail transportation. The executive secretary of the National Coal Association urged that defense power needs be met with quickly constructed coal-burning steam plants, since the Seaway would be years abuilding. The Middle West, which for years wanted the Seaway, imagining grandiose pictures of ocean liners docking at Chicago and Cleveland, has cooled off. Its big export trade has fallen off, its agriculture is already aided by farm benefit payments...
Whizzing around a pole (cable racing) is still the most popular form of miniature-auto racing, mainly because it can be managed on any gymnasium, floor or hard tennis court. But the spindizzies who gathered last week in Los Angeles' $3,500 Miniature Speedway were newfangled rail-racing enthusiasts, competing in the first miniature rail-racing championship of the U. S. In rail-racing, far more exciting to watch, cars usually race in threes (against time) around a banked wooden oval, one-sixteenth of a mile in circumference. They cling to the oval's steel rails by means...
...last week, for the first time in years, U. S. investors were thinking about rail stocks once more. The reason was not the simple fact that the defense boom was catching up with the rails, upping their nine-month revenues 9% (to $3,125,855,000) over the same period of 1939. It was barely suggested by the companion fact that when rail net rises above the break-even (interest-covering) point, leverage raises it much faster than the gross. The 9% increase in gross served as a lever on which 137 of the roads hoisted their combined...