New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-02-11

MovpAY. IO-p. NJ.

B,'nv,, print the comparative gross earnings
f1r Jara.-. together with the mileage. Of each oi
fifteen principal American railroads hat have made
reports, Four companies with $3.50 miles IN ISIS
earned lu gross $I.72l704, and with 4,Ol7 miles III
1919 earned $l.935. 53S-um ar Of miles in-
creased. 1~7 gross earElaf~ i-cFrastd H-i''9'i.
The earnings per mile Of these five companies lu
january. ISIS. we're 40, and in 1879 We're S5sl-
increase. 50 per m lie. Eleven companies with
o.72G miles of railroad In 1878 earned :; ,~2ell9
and in 1e-o. with 10 1G1 miles earned n BAT 052-
miles increased. 435, and earnings decreased 9437
or The earnings per mile Of these eleven comoa-
,t. were III 1875 S49G And ia 1873, $427-Cecrca-e
$50 Der r..Ic The table does not iucluGe The Gem
tra and Hudson, Erie, Lake Shore nor Nj ulcan
Central for the reason that three of the companies
named make 10 weekly or monthly returns, while
the Eril only reports after in0rdnate delay, and
then only thro;g h London; so that the latest re-
port for that company is for October. 1873. Hence
the decrease In earnings shown IS not due to snow
b.0ckad.- 10 the railroads u"inded III ue i~'e
have suffered but Little from thar cause, and not
nearly 80 much 10 they dad from the ru1 DlacAades
ia January. 1875.
i'm -p,.ulative circles today the chief topic Of
discussion was the proposed new granger law, now
pcYdr in the senate of Wisconsin, the full text II
which was published in to-day'5 IEBCNE Oi
course ta expressed opinions a~to the nuai enact
ruent of the l.L were much influenced by the IL
terest M the stock market Of each person who was
discus, az The probabilities of the event; some he-
,ugcertau that it would become q law, while
others were equally sure that IL would not ButU
General Is was conceded, that now the inlUatory
Steps lad been taken IN Wisconsin,, there was danger
Of the granger movement extending To other Vest
eru States More than three months ago IHE RIB "
pointed ou that the low prices ruling for all West
1l-nI, In * h0 ~ ~
ton ia regard to railroad rates at the West, ana
suggested 10 the managers the possible wisdom OF
tor,stalliug hostile legislation By making be- rate,
TRANSPORTATION conform more nearly 10 ,hc re-
,'uced prices farmers were receiving for their proc
ducts because night or wrong. the decisions Of The
Supreme Court had confirmed the right and power
# the states 20 regulate rates within their Douu-
DIARIES.
The securities dealt in al the stock Exchange
that are directly affected 10y lac proposed Wisconsin
law are those Of the Chicago aud Northwest ana
Chicago Milwaukee and st. Paul Railroads.
Whether from TINS or Tor some other local reason
Northwest common to-day opened down %. per cent
az 81 hu. immediately recovered 10 GA. and helq
there until after midday; then n gr'd ANY amd
without excitement yle ted 10 GA 81 = Ihr
preferred stock opened - So, rose 10 SIG, ana
later .ad at sci aSG7- st. Paul common WIS
more active opening st ia and al ytnciLg TO A -
~ finally yielded rapidly 20 4Ol5@ "a, ana The pre-
rred stock sold at 80 "a - I'i - - Lake
Shore. without a large amount Of trading granH-
ally yielded from 70 20 Il. recovering 4 70 III
IN final sales. Michigan Central was inactive
with sales at o54 s. ., and Lie fell from - =
e. 25l4 a25l2 the preferred dropping 70 9'--a
A noticeable feature of the day was apparent
sudden demand 70 bUv Harlen-so sudden and -
urgent a- % he suggestive Of d manipulation. W
Saturday night the stock closed 80 b'd and l'l
asked The inst sale to-day 200 shares at 100.
followed IN quick Succession by sales al loo, Loo,
100. lJl and lJs. The whole business, 100 shares.
Was Transacted IN lees time than II has taNeu u
write tll-. and the closing quotation WAS loo Il lou
Ne"-lorD Central and Hudson Company. II adj
dtou, the company's Unbiased b0rsc-caT lines here
t'i0rc Aavo been earning "a Httlo Jess than d" per
cent, although paying only : per cent GiFl-
uenGs, uutu last year the accomplished
surplus over the per cent was divided. ana
dyldend ot per cont was paid. What the earn
lAg> ot tho lOrse-car lines, IN competition with tie
elevated roads are % lc hereafter - pro l.r
tAat probably IS not Yet solved. OF tie other Iu-
Festncut to-day, Chicago, Burlington aud Quincy
was strong at 1lSl4, and Cleveland anu Pltf~burE
cay 3f's. chicago aud Alton steady go aboIi SOS.
ILLINOIS Central az ssh and CeutraI ana Hudson al
44"'s is'ck Island being C1Scr 40 l3O-2, and
Ou4o1 IaciIc lower at GJl2. ONO aud Mississippi
preferred lurtler advanced 10 36li, LATER yielding
% "'"u and Hannibal and So. joseph preferred.
5ti,- advancing l. per cent 10 a. declined to421,
iuc '"'l locks were stronger and the best Sis
''iI'' 81 any 81 Jhe speculative stocks, AOtWIta-
e"tNu'H~ '-r Delaware and Hudson statement Oi
a. l'"a' i'I 49'7 shows net acisIt ol sol, J3l.
- '' IVV-@a IV- 100 Is. IaclHc M..l yielded 10
lac t3ta, transactions lar toe dIg amount To-
4'''ouJ sldIcs. against l5J. 900 share, for ~4tuI-
S, t,'N lIe market general, closed weak anu uu-
EaNIE nt fiE ..ocK AlaKYr
IA f'''s4 bytte 11ld and stock yeiefraoA C.uDanu
b.