New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-01-29

Adams Express
80 los
SATURDAY, Jan. 27-P. "

The demand for regular reports OF the
weekly earnings OF railways and other corporations
whose bonds and stocks the basis for large percent
age OF the loans Of banhngand trust Institutions h
ginning to be appreciated by money lenders geneIaAy'
correspoudcnt complains that lately TIL TRIBUNE has
not published the earnings OF several raFoads ana pax
ticularly those of the Michigan Central The reas'a
simply u.s. that the companies have refused 10 IurHh
them Since tho receipt OF &C. rs" communication We
have made application 10 the officers Of the NlensAa
Central Company fora report earnings since the '
report about the middle OF December But va ea''d
Ms a good joke. And why sbOuldl not bel Inc pfoin"'
officials and directors known 10 be active STOCK sP
uators and therc ii no reason why the >tocA EAcu'
should not extend TO the managers OF tins COMPANY @
same facilities 10 play WITH loaded dice ~ are ahJeo"
the Vanderbilt arrangements. The Exchange had rasseu
rnI, that no new sccurfties should nc admitted Ia us c'
without contract that the company should furnish reg
ularly at stated periods, repor; Of Us earluss -!
a few weeks since IT did admit tie new Dohus u 70.
Detroit, Monroe and Toledo Railroad WHICH S,"Pp
another name tor part OF tho Lake Shore ana h'0s
Southern Railway without even an atiehP' 10 'i'"'
a compliance with its Tu.c. Tie managers Oh '''"7
Central are entitled 60 the same "dV'si'dSes d -
spcculasors AZ are those or Central ahd huu''H' -
shore Rock Island Chicago and Northwestern WI"
beers o. others. In fact the only company "hos' So
flies are actively dealt in nc the stock EAeh'nse' ,
continue. TO rcpor, It's weekly earnings Is Uneasy :,
YANKEE and II. Pau, and the result 10 'H' ~ -
this company IL steady depreciation """ ~ :,
real value OF the property, say SIp'ou" P'' ia
road. instead OF is nominal capitalized N''u',
O, 80 900 per l!,ic. Ths result Is nJ' eou'"1" -.
voluntary exhibit OK other properties he'h't ,bs
able that the only COMPANY Reporting 's '"' ps
sole exception TO 4 general rule. oo'l'ioL''! -,
Islaul and Northwestern aecct some ii s'OH'',,
p,outl 10 puif nto public notice, but ms -
,Iv,a, : followed hy three or four months o. 49,
wbl, az Central and Hudson and Lake shete - -,
L. absolutely known beyond what MAJ o' :,
fran the official reports OF the mo'c ~
produce, " which but few take h0'lce' ,o,.a
Exchange owes 1t 20 itself and to the rn5ic :" -.
vh,. u les the mower 90 enforce (bccinS E'''n - a.,
COMPANIES have consolidated or blanket hoh'' .'-
pnse OF through its agency, weekly iVP"i' Va sve
Have the Governors, who FOR the past iou' 'ha.
maugura,ed rules aud commission laws amo'' I'm n.
itory 10 sp,culators, the courage 10 ShoS 'H'4''
masters rather hnn the slaves of corporate n' ,,
The increasing theme Of thc week has been JUG 49,.
oral h,ll AMI lis passage by both houses OF 'ons a.,
hrough; a sense OF relief 10 eomnierci" anu ,,,,
mt,lc s,s although the views ccneeFnhE us a.a
effect upon Business have been piateFai@ 80,
ar. more conservative Our local money market So
.s.r with the return ~ currency 10 this cet'fi a
general rate has been TO per cent Win
higher aud lower figures. The bank statement o. 10
agcs for the week shows gain IN legal te'efso' F.t
400, a decline In specie OF S7sl,9o0 twhi'h -,
$50 600 less than the gain made 10y the suo-iie"''
and nm increase of loans OF $7ii zoo, against ,s
acuosits Of 80, 2S2, 500. THIS, n II rpres'" "a
actual differences between Friday night wees ,ox
last nj ght would reflect an Increase OF ha'O 81, ,ae
notes held Of 81 100000. The reserve III eN'e "a
reauired rs per cent is up $5l3.sOo maNh< v" az ~
reserve now 3o.74 per cent OF deposits Ss" ear.
las, week. while the ieSaitsnder reserve S"