New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-07

In regard to the closing of the railroad war. while
ii is an event which may occur at any moment, and
must by-andby, all the facts seem to point to
its indefinite prolongation. That preparations are
making 20 carry it on to the bitter end. the part
of the Baltimore and Ohio Company, Is evidenced
from the raising of the necessary sinews of war in
advance We believe it TO be fact that that
Company's acceptances have been offered in
WaIl-st. during the past week in large amounts,
which fact has been interpreted in some
quarters as sign of weakness; but IL
shonld be remembered that the Baltimore and
Ohio Company did not have hand and unsold on
January 1875, from. So, 100000 to $l3,OOO,OOO OF
its own issue of consolidated bonds; and if it had 1t
not like our companies furnished with market
by the New-York Stock Exchange where IT could Sc
cretly dispose of uncertain quantity. Various ru-
mors have been current during the week of pros
poets of an immediate settlement but all the obtain
able facts seem to show that they were pure nven-
tons for purposes of stock speculation For instance
to-day dispatch from Washington was put into cir
culation to the effect that negotiations were pending
between Scott and Garrett looking TO settlement
of the present railroad difficulties with every pros
pect of success This dispatch if it had any founda-
ton in fact probably had reference only to the postal
arrangements between this city and Washington,
but 1t was followed up by well circulated report
that consultation in actual progress at the Of
fee of the Erie Company in this city for the same
purpose, all which had a very marked effect upon
the closing speculation. That there was "a consulta-
ton held to-day we believe to be fact but that 1t
was a council of war between the generals on one
side rather than q meeting where the pipe
of peace was introduced, we think early
events will demonstrate and apropos OF tkat
view of the subject, the new orders OF the court
obtained yesterday by receiver Jewett empowering
him to dispose of certain assets and properties OF the
Company at his discretion is significant. Are the
Central and Hudson and Pennsylvania companies
intending to push poor crippled Erie into the front
to take the brunt of the fight and up the few re-
naming assets she has in the cOntest' We notice an
apparent attempt to extract comfort from the pub
LEGATION of figures showing a decline in the export
trade of Baltimore for this year, as compared with
1874. Now, it is well known that the export trade
of the whole country is much less than that of last
wear and it could not be expected that Baltimore
should alone increase OF even hold her own. The
total exports from this city since JAM have been
in value 500 so, 40 against in 1874 FL ss1,73s,
a decrease of about Is per cent, and the following
are the comparative exports of wheat and corn
is7Ao 1873: decrease.
From s hush 20 81 $s l9 $.ss5s Y
more is making strenuous efforts TO bring to her own
port she has made handsome comparative gain
upon this city. Returning once more to the railroad
war and its effect upon speculation. it may be well
for Spectators and investors TO bear in mind that
even with a settlement of all difficulties" without
a revival of trade, its effects upon railroad receipts,
except for passengers cannot be material until after
the close off lake and canal navigation, for we
notice that wheat from Buffalo by steam is quoted at
634 cents per bushe equal the shipper to not more
than a rate of cents by rail, or about $3.50 mills per
ton per mile.
In financial circles the week has been one of I'M
usual quetness aside from the activity of the stock
market. LOanable capital continues IN over abund-
ant supply. The exchange market has been hrmer,
and under renewed shipments of coin the gold
premium advanced to 117l4, but settled to 1873 at
the close OF 81 per cent higher than last Saturday
On the Stock Exchange the week has been one
of activity, the transactions for the five bust
ness days aggregating over 100000 shares.
There has been large liquidation of an
outstanding short interest induced more
or less by the frequent concerning the settle
nents of railroad difficulties and the very close was
naked by a sharp rally upon nearly the whole list
The closing sales tonight of the active stocks COM
pare with those of one week ago as follows: Western
Union advanced 45s per cent; Atlantic and Pacific
telegraph II; Pacific Mail, "a Northwestern, 13s
North Western Preferred. ! St. Paul, 13i; Rock
Island, Oh; Wabash, u; Ohio and Mississippi, Us
Lake Shore, 8 Erie, l2 Central and Hudson, 3
and Hannibal and ST. Joseph, l IL Cleveland and
Pittsburgh, 90; Delaware, Lackawanna and West
ern, IS; Michigan Central, 4 Missouri Pacific
81; Panama, 2; Quicksilver liz, and Canton b.
Union Pacific has declined 2 per cent Atlantic and
Pacific Preferred, l, and Harlem and New-Jersey
Central each % per cent. Express stocks have been
somewhat more active than usual and in two in
stances at heavily declining prices, viz: United
States Express shows a decline of s3i per cent
Wells, Fargo & Co.. III; Adams Express III, and
American Merchants Union, Il per cent. The sub
Joined table shows the extreme fluctuations In
United States bonds the leading railway and mis-
cellaneous shares. well gold, and the closing
quotations of each at the dates aforementioned also
the number of shares of each leading stock sold: