The cost of carrying one ton of freight one mile. This cost cannot be accurately ascertained. It is merely a rough approximation used by railroads for comparative statistical purposes.
The amount of freight carried by rail or boat.
Tonopah Mining Co. of Nevada. (Gold and silver.)
A life insurance contract which provides that all payments made by the insured and all accrued profits shall be forfeited and the contract terminated upon the non-payment of any premium when due. Sometimes used incorrectly to designate deferred dividend policies which have both cash surrender and paid-up values. These policies are semi or free "tontine," being "tontine" only as to their dividends, which are lost to the insured in case of death or lapse.
See " Payable to Order."
Prices getting dangerously high and ready to topple over; top-heavy.
The Torrington Co. (Needles, etc.)
Surplus for year added to previous " Surplus."
In general, the stock of any or all street railway companies; but, as used in the New York newspapers, stocks of the local companies.
Issues of securities by street railway companies of all kinds, whether operating elevated roads, surface lines, or subways. It is to distinguish these securities from railroad companies, as commonly understood, that the word "traction" is used. (See "Electric Railway Securities.")
Same as " Balance of Trade."
The discount allowed by the manufacturer or wholesaler to some one else in the trade, generally the retailer, on goods purchased; the goods themselves to be billed at the retail price, and the discount, therefore, being so much off the retail price. Dealers of certain commodities, the prices of which have a wide range of fluctuation, such as paper, glass, etc., have fixed charges for their goods, and issue discount sheets, from time to time, stating what discounts from these prices will be allowed.