March-April 1960 page 18

Mrs. Blanche Talton of the accounting department took a few days vacation in April and visited her daughter and son-in-law, Mr. and MRs. James Severs of Waynesville, N. C. and her mother, Mrs. Lettie Hicks of Mentor, Tenn.

Joe Bentley of the purchasing department and Mrs. Bentley vacationed at Daytona Beach, Fla. for a week during April.

Walter Hogan III has joined the company as a mail clerk for the general offices. He is a grandson of retired General Manager W. L. Hogan.

Larry Eugene McClamrock, six-year-old son of Mr. and Mr. Floyd McClamrock, died on March 26. Funeral services were held at the Pritchard Memorial Baptist Church and burial was in Forest Lawn Cemetery, Charlotte. Mr. McClamrock is an accounting department employee.

Charles A. Torrence, 71, brother of Civil Engineer R. M. Torrence, died on February 18 at Fr. Lauderdale, Fla., after a brief illness. Mr. Torrence, a professional engineer, established and operated a blueprinting service in Charlotte. He was vacationing in Florida at the time of his death.

[Comic Strip Bald Man in Suit Over Courthouse]
"I belive we ought to have a real overhauling of all the regulations and the controls and give the railroads a change to be prosperous."
Dwight D. Eisenhower
PRESIDENT OF
THE UNITED STATES
[End Comic Strip]

MARCH AND APRIL

Railroads Are Big Buyers

Class I railroads in 1959 spent an average of $3,918,00 a day for fuel, materials, and supplies, excluding equipment. The total came to $1,430,144,000, for an increase of $199,527,000 or 16.2 per cent above such expenditures in 1958.

The increase was attributable to (1) a slightly higher level of operations in 1959 than in 1958, (2) a moderate advance in prices, and (3) the fact that railroad inventories were drawn down in 1958 but maintained in 1959.

For fuel, the railroads spent $392,051,000 in 1959 as compared with $375,927,000 in 1958. Expendirutres for bituminous and anthracite coal totaled $18,617,000 in 1959 compared with $24,642,000 in 1958. Expenditured for diesel fuel totaled $347,120,000, an increase of $22,195,000 above the amount spent in the previous year.

Expenditures for iron and steel products of all kinds in 1959 amounted to $419,442,000 compared with $320,386,000 in 1958. For track material such as steel rails, frogs, switches and roadway toold and other roadway materials, expenditures totaled $239,929,000 in 1959 as compared with $192,145,000 in the preceding year. Car forgings and fabricated or shaped steel for passenger and freight cars totaled $37,813,000 againsst $24,077,000 the year before. Expenditures for locomotive and car castings, beams, couplers, frames, car roofs, wheels, axles and tires amounted to $141,700,000 compared with $104,164,000 in 1958.

For miscellaneous products including cement, lubricating oils and grease, ballast, electrical materials, stationey and printing, supplies for dining cars and restaurants, interlocking and signal material and many other items, Class I railroads in 1959 expended $536,039,000.

Class I railroads also spent $92,612,000 for forest products in 1959 against $75,755,000 in 1958. Purchases of cross ties and switch and bridge ties accounted for $57,650,000 of this.

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