THE object of this article is to present the results of a study of certain statistics bearing upon wage conditions for railroad labor in the spring of I934. It is hoped that some light may be thrown on the situation which nearly resulted in a national strike of all railroad unions. It is also hoped to make rough comparisons of hours and wage rates paid the employees in this service and those in industries which have signed codes under the National Recovery Administration. For the most part the article will be confined to the presentation of the analysis and interpretation of statistical data, and will not attempt to build up a case for either side in the recent wage dispute.'