New-York tribune., 1877-03-12
Is arc as fJUUNS :
Dinercncts

l4,9Jl
The money market, Notwithstanding the foregoing
chances in the banks condition. has ruled extremely
easy al per cent for call loans, commercial paper OF
gltedae characteristics passing at 4d1 per cent God
has been Grner selling from 1913 20 l05's aud closing
the week At 1Ol& Cash gold has been scarce not"th
standing large short interest has been closed u.
Governments were firm early N the week. and took
sharp upward turn for nearly all the various issues but
The very close OF the advance was lost and the
ieycrsl The Secretary of the Trc sdry today Is
sued further call for SIO,000,00O 52Os OF 1862 May
and November, interest TO cease June 10 STATE DOhls
have presented 10 special features. Louisiana ccDs
dcclned 63 who ALBANIA consols were better at 81
Railroad bonds, excepting for the direct and ndOrsed
issues Of Central OF NcwJcrSey and of Delaware ana
Hudson. Ell Of which has shown a sharp recovery,
have On rather steady uuimportant transactions
Tie stock spccua ion early in the week was responsive
TO numerous aud facts, which were supposed u
favor higher range OF prices. Delaware, LacAi"ahn
and Western ana Delaware and Hudson stocks improved
sharply Judge Iawrence's denial OF the motion Tor
receiver for the Delaware and Hudson Canal company
pending the trial of the issue and reported new com
bnaton control the supply Of coal, but the gain was
than lost in the fual dealings, on the certainty
TIA, coal offered for sale at lower prices than ever
before and on the new movements Of the Reading ana
Lehgh and WilkcSbarro Companies, rendering COM
onailon improbable, if not impossible. The Engineering
and Mining Journal, IN a reply TO can esteemed ana
Criticism Of the Delaware and Hudson Companys report
makes the following pertinent remarks:
Where a company is conducted on the personal coni-
oeloe plan, il j. usually wrecked because OF iack OF
AGILITY or integrity tie part OF those c0nhded IN 700
implicitly. With the nnumeTablc examples o nohcst
hsnlznagcmtnt and dishonest ONcr]Hnua2ctncEl Mlih
which al familiar. would LaSo supposed II Hu-
necessary 90 Insist tie necessity Tor 1 Reports as
measure u safety 20 the stockholders ana 10 the H
agtnitEt Itself. Our correspondent faCctiOusiy says
Now yOu know as well as do, presume, that lhis
company Is perfectly solvent, sound as dollar @c'
bai That is exactly what cannot ind out RON the
published report. Let correspondent put lnisci IN
ue tlace of TIE average stOekhOder, the widows Ahd
ehidren The truStg aud people IN small circumstances
anu taking for his sole data the report the company Das
RDshcd, endeavOr TO ascertain Whether Delaware ana
hudson stock q safe investment at 20, as he suggests,
VI al 90 or at 40 at any Other figure Does the report
snow the company 20 be better on than the specMl
report issued by the NcwJersey Central few months
before IL into the hands OF receiver showed That
cOlpany 70 bef And do the officers OF the Delaware
shd Hudson stand any higher N public estimation than
ou sir John TaylOT JOhnstOnOr have they any more
confidence In their company than nc had in his when ne
invested his entire fortune in it's stOckf THESE ana
Saer reasons make II impossible Tor us, win 10 more
oiiatl0n than this company gives III It's reports ~
y that II IL solvent that Ms stock Is good invest
win VIII regard 10 the Delaware and Hudson Canal Com
vany are quite applicable TO the Delaware, lacka,
"Snna ana western Company, ana We "ouM couAehu