New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-10-29

The principal feature Of to-day's bank state
nleut ls tae expansion ~ $4,000 40 circulation
Except Tor Tins the ga-,ouder- probably would have
shown % loss of over 51,oO0OO0 Tie reduction OF
s1712s00 in deposits is offset Joy g contraction OF
sl-9G 800 iu loans. TIE loss o. S7l4,1OO ia legal
tenders is a httIc more chan covered by @ clu of
S-Oa.5OO iu specie. Tire surplus reserve above iho
required 27 per cent is increased bT T5l55o0 The
total legal reserve ls5651-90 is nos 2tl7 per cent
O. the gross deposits against 2-- last week bui'
deducul- hc specie 81 fl from tle deposits The green
blcs reserve which last week -23l per cent OF ne
remaining currency deposits Us BOW re,ueed 20 22--
Per cent. Tic comparative total. are as loLows:
1a.a,... 81, 500 s-s5- 7tol Drarea.esl.s.c 100
fs,4i.-5 5aSit.oJ 1855 zoo b,c-easp z, l'.oj
Cr,sl.o l6-5o50J lG77bp0o Increase 4'-.iJ1
gctol0a.u shows the relations between tAe total re
serve uld tlo total Liabilities:
Specie ..........sl$ss $500 sl7 = 100 Inc. s.i.5o0
Legal tenaels....- o''isaoo S5-5'Ioo Doc 4-1V
Tot. reserve $50, las2o0 s5as575o7 Inc. s,ss9o
,.s,-.... aep.s... .ss9oa75 aale2l75 .......-.-
Sa'-ra.-..-.., f757-.45 4s.oo5525 Inc. s5IG5.0
And tle following lle figures Tor ,ne correspond
ill., dates % I~-G and l--7:
o.t 3s. 1879 oct q. 1877. Chances
Loans. s-a3-i 500 s15t--Ii,0 Decrease g 535i19
Cr.aa.n. i5.o9iI,O ls-7tooo increase ..os4eoo
7rre.erye sss77tgoO 8se55759g Decrease ss2-l7oo
Tr.s. reve slo9sas50 ssosJ325 Decrease scs5s,l2j
Unto te las, tn DAYS, Tie speculation on the Stock
Exchange has had nothing % contend witch On; want Of
faith and inability the part of tile public 10 parted
pate a. che movement has been sustained uy large
capitalists. hc stead, influx Of investors stocks has not
re,etei -e in prices until the total Of appreciation
OF stocks has reached fabulous figures Uudouhted
ly 10 vas believed that the continuous charm OF
.srge crops" and the anticipated gain in rail-
way earnings would. time, bring an the IL
ve,tors back 90 Wall-st., eager TO recover thcir
stocs t any price Bu. the signs Of the times are
cbaaeinr IT.. apeclation received lie first check from
lie detection OF some Of prominent supporters who
M sein1 out not only weakened the combination boy
withdrawal of their capital but also left to those re-
maiuiug the task of protecting greater quantity OF
stocks Next discovered that the public lad not
vet made any money with which 20 speculate that the
brilliant promises ofan extensive Autumn business hadn0
been r zcd IL also appears that the railway, east OF
the lakes arr not probing by tie movement ~ the
crops and IL begins % be- understood that the lines
running tO NcTNork ma} rut profit even acI tlc close
ndeluha and baltimore. The roads west ~ Chicago.
running thr0uGA the wne4.growiG- region, Ia't had q
decline The fgUres showing the movement or Ealn Tor
tbs week. which are given below, present SON. startling
facts bearing upon the STOCK speculation. At chicago
S"re6 Iitp ti sam. tre.k of 1876 while the receipts
ot wheat 723G54 bushoisl u Milwaukee show only
small gam over 1876. and 20 large dccluc compared
with previous -eck o. this year. The receipts Tor the
two preceding weeks I-t,I@6 bushels or course
these changes Will Oc reh ccd iu smaller gains iu tile
earning OF tnc - Paul road, and probable LOSSES 90 tao
Guca-D roads, Hence DO - fitting tHtl dist az tbs mo-
mrnt tHr Chicago and Northwestern Railroad Company
PI0ult ISSUE lr.4e--filg statement 10 Is a. follows:
Tie cross earnings ~ the main and Tropult1ry
rnrls o fl. dfst four mcniHs ~ ile nscal year
June July. August and -tIteinnt g3.
Total operating expenses. taAes, and an fixed
saarsis..-.....- ..------------..... al5oosI
81 eir5a H. same Time Ia l576.....-....... 32sss5
Increase slisI52
This Oh s face is = very satisfactory exhibit, but.
usu i te ca-e of thc statements or uil1 cOMDan
lscts tie fuilue-s nee ssgy % cJnpAtathe state
ulrtt This defect sill oAdcaFor 10 suplHy. The
r,tf csr. against he company Including taAes liz
t.stst, sinking uui, premium on BgQ coupons an 4
rruteis-fu SO we're S5.7lS,l-5. The premium Oh
eod o 1877 b. less than in S16 but the reduction m
tl.s ~ probably more IMAM Onset bJ htItt"tu
rentals and interest. Therefore taxing One-,hid OF
s5-IE.1-J. we have 4l.5O6p6l, Is Inc approximate
total OF four m0utls' " fixed CHARGE Dtducung tIlS
Sige6oGI from 81 I5O.I1l-thr SUN named a. the 20
Ia operating expenses and AL nX u charges Tor
CIsu-es. 1855 per cent OF the gross receipts against
J25l Ter cent fOr the man line lu 1870 report page o.
ans 100 per (par ~ for the proprietary roads IN
1870 the Operating O the entire 81 stem Weir
% c 45.Js reported now. IL must De- al
teG that tbs science Of economy has heretofore peer
can be backed by balances III bank. Ia 1873 tAe opera
tax expenses Of the Chicago and Northwest Company
were 0Lz7 per cent receipts or $40 cents per pas
sneer per MILE and 235 cents per ION per mile now
they reported al only 403s per cent ON about Zo5
een per passenger mile aRd loo cents per ION per