New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-10-18
sponded, particularly that Of Lake Shore. Late,

sponded, particularly that Of Lake Shore. Later
the effect of this report seemed to weai
away, perhaps because circumstances were
detailed that proved its mcorrectness in
some OF its particulars az to time
and place. But just before the close another story
was started of an advance having been made on
East-bOund freights of cents to Boston and New
York. and Of 3 cents 90 Philadelphia from Chicago.
For augbt we know this last report may bo true;
but If so il is surrender by the Central and Hudson
Of that principle which only two weeks since Mr..
Vanderbilt declared 10 be vital 10 the interest Of
his road and the City of NewYork" because IL gives
to Philadelphia an advantage Of cents. In the
stock market the coal shares, which yesterday mo-
nOpOlized the attention Of operators, to-day were
dull and heavy in the face Of the excitement and
rise in the railroad stocks. Delaware, Lackawanna
and Western opened at man, declined to 1915
and 1863 seller three days. and subsequently rallied
to 739l and to 74is cash. on the renewed buying
under the rule to close contracts for noD-delivery
The final sales were az 1884. New-Jersey Central
started at 1864, rose to 373i, and then declined TO
30, and finished at 3j3i. Delaware and Hudson on
sales of only 500 shares sold from $3.50 to 677s.
Lake Shore, which, barring the squeeze Of cash
stock, was subject t. much the treatment as
was Delaware, Laekawanna and Western on
yesterday, was the life and leader Of the
market opening at 57l2, it was RAPIDLY bought and
bid up 10 $685. badly frightening the luekless
bears" who were short Of It, particularly those
who had been told in perfect confidence Of the set
Element Of the "waE" Ii Is estimated that before
IL o'clock fully 10000 shares Of shorts" had
Hquidated by buying in their stock. After this the
stock became dull and declined TO 5sSs aud then
ruled about 30, till just before the close, when
on the second report ITS price advanced
to 593a A reference 10 the comparison
of the rates as published in THE TRIBUNE
of Monday viii show that advance Of or 10
cents the rates that lately have prevailed is of
about as little consequence TO the trunk lines as is
the difference of % 30 cents per ton of coal on
present prices to the coal COMPANIES 50 far as it
affects the value of the stocks. The St. Pauls
III and y per cent higher statements of an IN
creased business, point that viii be settled by
to-morrows official report. The remainder
Of the market requires no extended comment; it
was strong in sympathy and for tine already
explained. The final changes in the prices from
those OF yesterday are AZ follows: Advances
Chieugo aud Alton, Northwestern, and Ohio and
Mississippi, each 1s; Rock Island and Wabash,
each i United States Express. L Erie, 81 Gen.
trail aud Hudson Missouri Pacific, and Northwest
cln preferred, each b Adams and American EX-
press, each l Michigan Central and St. Paul, each
IL; c.. c. c. and l., and 81. Paul preferred, each
1I2. Declines-Paclfic Mail, Il Delaware, Lacka-
wanna and Western - New-Jcrscy Central. g;
and Delaware and Hudson, per cent. The follow
ing table shows the