WHAT PRICE MONEY

The low reputation of railways for investment possibilities makes it very expensive to borrow money. Equity financing is particularly difficult for railways. Much of the railway debt is made up of equipment trust certificates and bonds. Until the return on net investment reaches at least ten or twelve percent instead of the present four percent the railways will continue to have problems raising capital.

  • Availability:
  • Corporate Authors:

    Cahners Publishing Company, Incorporated

    5 South Wabash Avenue
    Chicago, IL  USA  60603
  • Publication Date: 1975-2

Media Info

  • Pagination: p. 51-53
  • Serial:
    • Modern Railroads
    • Volume: 30
    • Issue Number: 2
    • Publisher: K-III Press, Incorporated
    • ISSN: 0736-2064

Subject/Index Terms

Filing Info

  • Accession Number: 00084918
  • Record Type: Publication
  • Source Agency: Canadian National Railways, Headquarters Library
  • Files: TRIS
  • Created Date: May 19 1975 12:00AM