FALLING TRAFFICS.
Notwithstanding the fact that the railroads are doing their utmost to meet modern requirements, both as regards the speed and comfort of the railways, traffics continue to fall away. In vieW of the distressing figures for last year it might have been supposed that those for the current year would, at all events, by comparison have shown some improvement. So far, however, from any improvement having taken place, the receipts of the London, Midland and Scottish Railway alone for the first forty-nine weeks of the year showed a decrease of £4,015,000, while other companies have suffered in similar .fashion. . How far this appalling shrinkage in gross earnings will be offset by further economies it is impossible to say, but the outlook in that respect is not very encouraging for there is a limit to economies if efficiency is to be preserved.
Previous page