Factories in Canada Behind on Orders.
General Manager Leonard, of the Canadian Pacific Railway, stated before the railway commission in Ottawa, that the company found itself in a serious position, in that it could not find car manufacturers to take its money for cars required for its new equipment.
“All the car shops in the country are behind in filling orders,” he said, “and the present shortage of rolling stock is largely due to inability of makers to keep up with orders. Our directors recently authorized an expenditure of $19,000,000 for cars, but we are unable to find any one to take all that money.”
The Canadian Pacific has been obliged to place orders for more than half of the 14,500 freight cars required with United States manufacturers. The other big Canadian roads reporting to the commissioners made similar statements.