The herald., 1897-12-19
OFFICE OF THE HERALD,
Los Angeles. December. IS, 1887.

November gross railway earnings re-
turns, alike in amount and per cent. or
gain and In the practically unanimous
tendency of the roads of the country over
toward enlarged receipts, stand unique in
recent years, IL not, indeed, actually sur
passing all previous records In the latter
particular. On total smaller by at least
100000 than the aggregate of earnings of
leading railroads for October there is
gain shown in November this year over
last Of nearly $S.70O0C0. or p per cent. AS
regards percentage of gain shown, this
latter is the heaviest reported for any
month this year says Bradstrects, and 1t
u, in fact, the heaviest percentage, wheth-
or of gain or loss, reported for any month
since the depth of depression point In June,
1894. This large gain compares especially
favorably with that CT October, when on
a much larger aggregate of business done
the gain shown was only per cent, the
gain of September, the best heretofore
shown this year. of IA per cent, and still
further compares with the August gain
Of 1875 per cent. or course, part of the
reason for the large gain in November
this year over last IS eXplainable by rea-
son of the poor showing made in Novem-
Der year ago. when a falling off was
noted of 10 per cent from November, 1895.
The total earnings of 1O4 roads for the
month aggregate s5001l,929 against sl1,
49, $40 last year and s55, AGA, $3.50 ON 127 roads
In October this year.
A fight to finish ls now on between the
ettorney-general Of Missouri and the ST.
Louis Trust company. the Union Trust
company the Lincoln Trust company
and the Mississippi Valley Trust company.
Of st. Louis. The attorney general holds
that all the trust companies named are
violating the law in doine what he terms
. general banking business as we'll as the
business OF trust company.
The consolidation of the Boston gas
companies has been effected, the New
York syndicate that made the purchase
paying sl40oo,o00 for the properties.
A meeting Of the committee Of the east
eyn newspaper mills. which is trying to
eject a consolidation OF the principal pa
per mill interests, will be held some time
curing the coming week, either in New
York city or Boston. Some of the par
ties in interest fee, less hopeful for a con-
paper has improved.
\ \
The director Of the Italian Oenotechnic
station In New York reports the export of
wines from Italy during the nine months
ended September so of the current year to
have been 1857, G93 hectoIters of wine in
casks and $500. 200 bottles of wine in cases
against 103S.l37 hectoliters and 1853 600
bottles in the corresponding period of 1896
On the eth and 18th there were offers of
u for the dividend to be declared on the
9Th by the American Sugar Refining COM
pany, under the apprehension that there
would be an extra dividend declared. But
when the directors met on the Sth they
adhered to the old schedule of per cent
on common and IA per cent on the pre-
ferred stock. both payable on January 8.
Some Of the Boston directors wanted
higher rates. or extra dividends, but were
voted down. The Boston News Bureau Of
the Sth is informed from an important
source that the following is a substantial
Tact: 1.-THE American Sugar Refining COM
pany made more money in the calendar
year OF 1897 than IN any year In its his
tory. due largely to profits on raw sugars
bought under the Wilson bin and sold or
being sold under the Dingley bill. These
profits were substantially 100000 more
than dividends paid In the year 1897. Ac-
crued surplus in cash and ash equivalent
IN sugar is above SS0,OON CO.,"