New-York tribune., 1876-10-30

+o,ord +bc sc,l osrd even alleging that the capac-
Hes of the railroads were oyertaxed and that ship
pers were offering a premium for hrSt chahces-a
condition of affairs when it occurs. when WIZ
settle the "raiIroad war" without the intervention
Of meetings Of officials, held in close pr'>nn'ty 10
the stock ENchange-that a few figures Sh"" !is 'He
,no.,oept of grain toward Buffalo covering the re-
eepts by the Lake and by all the railroads 'e'lHi-
atinp there from Chicago and Milwaukee aud from
au interacda ate points OF shipment, may be nstruc-
tive:
Ey lake yes.cls BY r.lfo5Gs lgia,s
5lT FonI, Sa.5 Sii6 iiiii5o9 Il0o05 7555i0
Ituay bc remarked that the rce|pis by iII"'u
have ranged from 10 Hour on the 9Th to lo2oo
barrels on the 10Th, and from 27,OOO bushels OF
o~,i, ON the 9th 10 $4,000 on the 23d The first
and last day, included in the period named were as
follows: Receipts by rail, sept. 30 $500 barrels
and 37,GOO bushels; Oct, q, 300 barrels and
AA50O bushels. II this movement has overtaNed
the railroads rauuing between Chicago and Ni--
waukce and Builalo then there must be Foundation
for the inurob:blc stories which are rcldicd, OF
erupIeI e0uipuout icit uuicpaircd IA orccI TO re-
duce operating expenses; for the Lake Shore COM
mans. IN lis last annual statement, reported over
10000 freight cars in pericct order.
In the dry goods trade the wants of consumers
arcnot keeping pace with productions. Consequently
goods are accumulating in "urst hands, and the
effort 10 stimulate trade by concessions IA IrIces
has not met with success The coal sa!es which
were made during the week proved unsatisfactory
10 the companies if we may judge by tho .uire-
dste action taken by the Delaware and Hudson
Company after It's Sale-"Or Self-Of thursday IN
sasprudiug all mining operations and thus throw
mg ont of employment $1,000 workingTen. II is
said that q new combination Is about 10 bc formed
between the great comp3nies-t!is ti:Ic to stop al
mining. and thus force higher price for the coal
already mined But before doing this II may be
well for the managers to reflect upon tie results
Of their last attempt TO control trade. Their trou-
bles were upon them aud thcr difficulties apparent
long before the combination came 10 an eud. The
present price of coal Of course viii not pay anything
like the interest on their inflated debts and the
enormous rentals FOR which they have become
sPousible, but is there not profit in mining coal
and selling il al present prces2 II SO, that profit,
however small will go further toward meeting La
bilities than none at all. Again, the loss Of tic
labor Of the $4,000 m'n already thrown out
Of employment will permoate through every
branch Of trade and tOcvcTy section OF the country
returuing in the end to plague the inventors by
reduced consumption OF coal. III financial circles
aside from the speculation at the Stock Exchange
tbe week has been quiet one. The collapse OF the
Continental Life Insurance Company, growing out
Of It's entangements ~ real estate, scarcely
produced ripple. The contraction OF the
currency, which is steadily advancing is
scarcely felt or realized in the supcra-
buadance OF oanaIle funds; nevertheless
The work toward specie resumption if slow, Is MAX
ing certain progress. During the four weeks ending
withtOday there have been issued new banl; notes 10
tie amount Of 1875 $50, fog which 80 per cent of
thc sum, $9jeO2l legal tenders, have been retired
and "canceled." but during the same period there
have been eca tenders deposited to retire old circu
hioa TO the amount of 81 JJ3 $50 80 that the bank
note circulation called ia exceeds the amOuntissued
By the sum Of S351, $50. making "a ;ota contraction
IL eurrency-lesa- and bank nOtes-of
$,5l3,S24. TIE weekly bank statement OF aver
agt' issued to-day Is in keeping with that Of last
Veek-only the reverse. This time the banks have
male net gain in assets of 81 ,9SG 200 seemingly
As clear profit as was last week loss. L. 10 not
time that this farce about "avcraPcs" ceased
Either give to the public information which b. of
some value or give them nothing Their two last
statements fully Illustrate tic worse than
Va!utleSs character of the present system.
Ihc stock speculation during the week has
ruled strong for the spccialtics like Lake Shore and
Michigan Central, TO which later wa, added West
en Union, while the Hannibal and st. Joseph
stocks developed movement which resulted from
The quiet bat steady buying which Las been i'm
HoTesS iorsons time In tle abserce of any war
hews, the immediate settlement Of .Lc ".uilro,d
wag' was made TO do duty as "a stimuIauf. and
either IL or manipulation did force a fse of
3 per cent in Lake shore. 4l2 per cent in Mich
lgau Central. Ia per cent ia Central and liudsan
snd o per cent IN Erie Thus far the meeting,
OF o'hcias, said 10 have this end in view, have
seemed 10 be more OF the character Of conn
el Of war than conference of powers, having been
confined tie railroad, fgom Chicago with Eastern
and Ncw.lork exclusive Of the Erie COMPANY cOu-
hec'ions. But we understand that 4 conference has
Oeen invited for Tuesday next. The Western stocks
were generally weak, St.Paul landNorth-WcaerH par
ueai4riy se-presentine an anomaly Ia contrast with
ue strength Of the Eastern stocks when It is re-
Men'ered that all the stuff brought by bake vessels
70 Buffalo had been handled by these Western roads.
ihe market, however, toward the end OF the week
oeuayed evident signs Of iatigue, 20 that West
erh Union, the last TO move, did not sustain
NS best figures, and the remainder Of the
"tong stocks had less than hsf OF their carly