The herald., 1897-11-27

Total .......................... $23. l6l ooO
The heaviest gain in gross. 1t will be
seen from the table. was that made by
the Chicago, Burlington and Quincy
railroads., ,629. .0O0-as was likewise the
heaviest gain in net, $2,416.OO0. Other
heavy gains in gross receipts were those
of the Atchison railroad, s2,112.0 900; the
Southern Pacific. $2,111, 900. and the
Union Pacific, $2,012,OOO. The next
heaviest gain in net earnings to that of
the Chicago, Burlington and Quincy was
that made by the Pennsylvania east of
. Pittsburgh, 81, 900. IT is Of interest to
note that the Atchison. while gaining
more than $2.O0O.000 in gross earnings,
shows decrease Of $353,0OO in net, and
the Canadian Pacific, while increasing
31,721, 900 in gross shows a gain Of only
3264, 1000 in net. The Union Pacific, with
a gain Of more than $2,000,OOo in gross.
shows fully proportionate gain in net,
100000.
No system Of currency and banking re-
vide for a system of branch banking.
The great city banks by the establish
ment Of country branches are enabled to
use their large accumulations Of money
to advantage. The branch banks afford
q safe outlet for its use and at the same
time are of the greatest service In re-
lieving stringency in distant centers Of
population unprovided with banking IA
cilities adequate for their needs.-Phila-
delphia Record.
The treasury department has directed
=, that an additional duty Of So per ton be
imposed on all refined beet sugar i'm
ported from Denmark, as that country
allows bounty to that amount on such
sugars exported,
A bill will be introduced at the coming
session of the New Jersey legislature to
provide bounty of 1 cent per pound
on sugar made from beets grown in that
state. Among other things the bill will
provide that the beets must not be sold
for less than IS a ton, and also that not
more than $4,000 shall be paid for boun-
ties in year and the bounties shall not
be paid for over five years.
A we'll known brokerage firm making
= speciality of copper stocks commenting
on Boston and Montana, says that al
~ ~ t. 80 -.
figures of September 20, in no way has
the value Of the property been lessened;
copper is selling at the same price now
~ then. The company is sold three
months ahead now, as 1t was then and
If Boston and Montana was considered
cheap by the insiders at above. 100, as
It was, the stock should now be an excel
lent purchase. The financial position Of
the company has never been stronger
than at present. According to the
Financial Record 1t Is semi-officially
stated that earnings for the year will
show surplus OF $3.50, 900 after the pay
ment of $1.s00,00O in dividends and re-
tirement Of 100000 bonds due Jan. 1.
IN addition to regular sinking fund pay
ments. This would make the total sur
plus Of the company in excess Of 49,
100000.
= + =
9 Advices from the northwest spring
wheat states are that the wheat crop
there has been marketed more rapidly
than usual, It being estimated that SO
per cent of the yield had been stored in
second hands by Nov. Is, as compared
with about 43 per cent one year ago and
Ia like portions Of preceding seasons. It
Il estimated that about 100, ,000, 900 BUSH
eis OF wheat are to be shipped to Minne-
epolis and Duluth from this crop, of
which. therefore, about IS. 900, 900 bushels
have been received Should this esti~