The Washington times., 1901-10-21

|
previous week.
Oct. p. 'O1. Oct. 10. '01.
Loans ..............S $50 800. 700 Ss74. .9S9. 2Oc
Deposits ............... g+2 6SS, 800 9i5,1l lOI
Specie ................... ls2,5Ol,9oo Isl, 90
| Legal tenders ............ 1O,6j3,JO1 G9,sJ2, 100
| Circulation .............. 30,9s3,s1O Sl,SEd,fOj
The following shows the relation be-
| tween rt serve and liabilities:
Oct u, 'ol Oct 10. '0l.
Specie ..--...........--slS2 %. 900 Slsl9il, 800
Legal tenders ............ d065S,3yV o'-9oz' io'
Total reserve .sas l55. 400 s25l, ,744, 800
deposits ..,,....e..... a5672,2 ,225 sae 27s, 525
Surplus of reserve over
. per cent............. 81, ,iS3l l75 sl5, ,465,T
1t will thus be seen that the surplus
| of the reserve above the 25 per cent re-
quired by law is s15, 465,775. or $2,O17,4 400
I less than il was for the previous week.
In the corresponding week of last year
there was surplus of 81. .497, 200. while for
the same week of 1893 there was surplus
OF S14sf,07 in 1898 there was surplus
of So, 4l2,325 in 1897 there was surplus
| of sl4,6l4 500 in 1895 there was a surplus
of sll,9ll ,lOV in 1895 there was surplus
OF Sl5. $50 l15.
The following shows the condition of
the associated banks at the close of the
| week in comparison with the figures at
the corresponding date last year;
oct u. 'Ol Oct 90 O1.
Loans ................... Sl y39 200 S7g7 S49.2OO
Deposits .........-...... 9l51li,i00 s4G.4S2. so
C1rCul1tiOn ..-----.--.--. Sl-S46,aO D4ii so
Specie ..--..........- ISL .g41, 800 l5jG54 90
Legal tender .-.......... 60 sf2, 100 57,9ol, 100
Reserve held S25I IA. 800 s214 j5J, go
Reserve required 1886 27s,525 2ll, 90, 200
Surplus ................ 81. 5.465.775 s2.9i7. .-oJ
The following compilations are from Of
1 ficial reports made to The New York
News Bureau" The gross earnings of
| fifty-iive railroads for the fourth week Of
September amounted to 81, 0S5. against
81. .S5S lis in the corresponding period last
year an increase of 81 ,663.4SS or IA per
cent. For the first week of October the
gross earnings Of foTty-seven railroads
were So. 720.5Sl. against Sll,S5i,670 I'm the
corresponding period of last year. an In
crease of sSg5S61, or 7S2 per cent. For
the second week of October the gross
earnings of twenty railroads We're $4,l2O,-
$50. against S457l, IA in the corresponding
period of last year. an increase of $}4S,8I5,
or 79S per cent. From July to October
Il the gross earnings of twenty railroads
were $67.39l .GlS, against SJ9,5Ns.llG for the
CORES spending period of last year. an in
crease of $s.200.442. or 1894 per cent.
The gross and net earnings of eighty
four railroads for the month Of August
were as follows:
Gross earn
inss ....sIoI. .I2a.755 soo2ol,7Ss Inc.slo,s2s,Ol7
t,i.,s ezpeasss es 4I7.25o 5s.I42ze8 Inc 5274,90G
ings =. ss7.7I2, 4sa sas,o59,475 Inc. s5,e5s,O2l
The gross earnings increased l2.11 per
cent; expenses increased 9.oS per cent,
and net earnings increased l7.09 per cent.
From July to August 81
1901. 1900. Changes.
earnings SOS ssoo4S &l7es1,a7z Inc.s22 5s7,G7a
expense l27. $3.50 Il7,sSo4I7 Inc. 9,75s,oi2
Net earn
The gross earnings increased I2.0S per
cent. expenses increased SIS per cent,
and net earnings increased 2LS1 per cent.
Wall Street has accepted the fact that
the banking houses which struggled last
spring for the control of the Northern
Pacific Railroad are now working upon
plans to relieve themselves Of the burden
which each of them is carrying As yet.
only theories are advanced regarding the
means which will be adopted. II is the
consensus Of opinion, however. that the
basis on which the bankers Will work
Will be the retirement of the preferrod
stock Preliminary details are being
worked out by the bankers and it is
said-the real plan VIII be evolved when
J. F. Morgan and Francis Lynde Stet-
son. his attorney, arrive home from the
Episcopal Conference. which was held in
san Francisco In Wall Street there is
no end of explanations of the means TO lie
adopted by the BANKERS. II Is known that
both Kuhn. Loeb & Co. and J. =. Mos-
gan & CO. are working in harmony. Both
parties admit that concessions vii! neces-
sariIy be granted in order TO attain the
common end which both banker have in
view. At the present time it i fairly safe
to state that the new Burlington COM
pany has nc part in the present under
taking.
II Il clear that the plan which viii be
evolved will embody some scheme whcr"-
by the Union Pacific interests viii have
an active participation in the Gircction Of
the BurIingtOns 5 affairs. Kuhn. Loeb Il
Co. acting for the Union Pacific, bought
away the control Of the Northern Pacific |
SO that they could protect thc Union |
Pacific ANY scheme which Mr. Morgan |
NAV present banking officials say. VIII |
necessarily embOdy a plan for representa-
ton in the Northern Pacific Board after
the preferred stock is retired. At the |
present time Kuhn, Loeb g. Co. own 80
per cent of the total or ebout 81 600 900 |
out Of the s75. OK, 600 preferred stock. |
Their holdings Of common give them a
ma jOrity OF the entire capital stock il
can be safely stated that at the present
time no definite plan has been agreed
upon. The problem is an exceedingly
knotty ore. and one which. besides tic
of various State laws which will tax the
ingenuity Of the corporation lawyers to
conform 10 in the effort 10 relieve the sit
uaticn
rrt.- lot Of ~ At,tl 90,