The times., 1899-10-23

1895, by 45 per cent. They are considerably
more than double the weeks total in
either 1894 or 1898; they exceed by $500,
100000 the highest aggregate ever reached
before this year 1t has hitherto been the
custom to refer to the autumn trade in
1891 and 1892 as the high level in American
commerce But in the current week in
each OF those two years the volume of
checks passed through American banking
channels fell short of this weeks total by
nearly 70 per cent These comparisons
have grown almost trlte during the past
extraordinary year, but in no other way
can the real magnitude of current trade
be measured.
The Financial Chronicle computes the
gross earnings of seventy roads for the first
week of October 1899, at $40, 1856, ,556 an in
crease Of S76SO53, or SIS per cent; fifty
five roads for the second week of October,
at IS, II, ,397, an increase Of S7S6, ,235, or 9S5
per cent.
Comparative statement of earnings Of
120 roads for August show:
Gross earnings 49,. SIS, ,725,O17 Inc. .$l2, ,6ss 621
Net earnings. ......... 30,746 2l3 Inc. 5,004 $40
From January l to August 81 (l14 roads, -
Gross earnings 563, 800, ,223 Inc. 81, $50 s65
Net earnings. ...... III, 3l7 Inc. 19,5l6,3l0
The September earnings statements of the
grangers are soon to appear. The figures
of the Chicago Great Western for the month
have already been made public. They were
superb. II cannot be doubted, from the
gross earnings of the other lines, that their
full statements will be equally attractive
The grangers occupy a most important
place in the market for one reason, because
of the large esteem In which they are
held by the public. They have been strong
during the past week, and ii is most prob
able that they will continue 10 advance If
the general market is strong. 1t is even
quite possible that good statements by st..
Paul and Atchison would influence the en-
tire market into an improved movement.
| The statement of the Chicago Great West
ern, made up for the first quarter Of its
fiscal year, is as follows;
Gross earnings 81 745 III Inc. 1915, ,9O4
Net earnings ............ GIL ,072 Inc. JAG, ,591
Surplus over charges. 42l,06 Inc. l26,994
| Three months interest on
4 per cent debentuTe
! stock ................... l2o,5OO Inc. 2,7l7
| Surplus applicable TO divi
dend preferred stock
A. OBSERVATION-DISCLOSURES. 2e4io0l Inc. Iz4,Zif
The Central Pacific statement for August
! is as follows:
Gross earnings ,91O167 Inc .$454, IA
Net earnings. yiJYZoO nc. SVu,J4Z
! From July to August 81 -
Gross earnings ........ 3,490,6lO Inc. 734, ,46S
Net earnings. l62s, 476 Inc. ass, ,419
! In accounting for the strength of ster-
! ling exchange. foreign bankers say that a
| large part of the demand is undoubtedly
due to the remittance Of Sc 000 the
proceeds of the sale of 10000 shares of
! Northwest preferred stock which has been
! disposed of by William Waldorf Astor on
/ private contract. According to Wall Street
reports, Mr.. Astor is getting out of his
! American railroad securities.
! The reaction on Saturday In New York
/ Central and Pullman, amounting to a point
! in the former and four points in the lat
! ter. was an occurrence such as frequently
/ happens upon the publication of good news.
| In the case of New York Central there is
! still no confirmation of the reports in re-
| gard to the increase of its interest in the
! Boston and Albany and Boston and Maine
Railroads.