New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-04-07

enccs arc allowed 70 baltimore, and lesser ones to Pha
depha because their shorter lines, the most that
secured t. NewYcrk because OF Its shorter line than 10
Boston is an agreement that the rates TO Boston shal
ct no time be less than those to New-fork" certainly
the vital principle OF equal rates TO all ports Is man
fully maintained where il works an injury to the CON-
mercc OF this city, but quietly surrendered without
protest where IL would prove benefit The reason Is
apparent-nability % tho heavily handicapped capital
lied roads NeTYOgk TO compete ON equal terms win
the light-weight Baltimore ana Ohio. viii New-fork
legislators make note docs it require three or TOUR
more years declining business to wake them up TO the
necessities Of the easel
The proposed scheme for a coal combination Is
everywhere regad od nprac,cablc, because OF the
financial necessities Of several of the contracting par
tics, and by many in the coal trade Ii is thought It's
final adoption viii fail 70 advance event temporarily the
price Of coal.
However these comPacts served to give the took
market to-day good sead-o, and enable quite an I'M
loading OF stocks which had been bought BY the it-
aed Prices for the whole list opened up and Tor lew
inmates made further advance, but the excite
ment was over, after winch ON a'dull market
they dragged. and generally closed lower than last
evening Central and Hudson opened at S3l2 ana closed
at 9oss. Lake Shore sold at 4s40l 7as, but Michigan
Central after opening ct Al and selling at 11l40{o's
rosc TO Il p closing firm at 41ls. THIS stock recently
has become quite active. and seems to be firmly held but
we fail OF peculiar reason for It, and there
fore suspect II due the causes which recently
held the st. Paul preferred stock al above A.
u wit--an unsuccessful attempt 10 make quick
turn on few thousand shares, followed ny
al accumulation OF u larger quantity than was
intended in attempts force market. Ere opened al
T. declined Ca but later rallied to re, because o
cablo that the Reconstruction Committee OF LONDON
announced the payment OF s2l0O00 by stockholders on
account OF assessment and the assent of bondhodeS
representing S29OOOOOO. The TRIBUNE has heretofore
expressed its views upon the feasibility OF TIE present
scheme, and has reason for changing them. Blu II
the stockholders choose TO put additional funds mo
concern which fails 10 earn n penny OF interest lor
over S4O,OOOOOO of its present outstanding bonds
IL is matter entirely their own. That the bond
holders should assent" 10 the stockholders dong
80 and in consideration Of this additional security
should consent to postpone part or the whOe OF ,
coupons wniSh 'ey c%mnG, NOW thn GRANGER stocks prc
scented feature, except tnat Illinois tchli"l 3Itc
s sgd a aGSi Nor%est Preferred at @
49asSi9l2 aud ST. Paul preferred at 46liq l2'eGl III
closing IS bid and 92l2 asked. P"cils Ma,
made dash to 18$l, but fell to i'S@lLs.
Ii seems probable that the threatened liqhdi,
ton in these two stocks was only deferred hIsJ
afforded on wednesday Western Union opened at 5sl2,
ard after frequent fluctuations closed at 5o FROM t"e
dyi,!rnd was cnjoneG and that the company to de-
clare war upon tne Aanc ana Pafls rGiG , T d
reduce its rates to 10 cents Ice iavr id,iTt MIN IN
perhaps have been founded upon the prGpaDhy tHat
after the Western Union Monday next announces MS
reduction 10 the Atlantic and Pactcs rate OF 20 cents
cent hut were heavily sold. aud later dee lined, closing
at Slight recovery Delaware. LackawaIua and West
err went al 5ga 80 5s5s 05S7s Delaware and Hudson
at 5Oa5O4 1s4a4s7s, and Morris and Essex at SIG
QSl.
The sales of stocks at the last call3:l5 p Of The
Open BoaId-wcrc "a follows 500 Western uu0n, 5G'5
3563.; 100 c ntral and Hudson, 92A; 800 Lake
Shore 47as 600 Michigan Central, 407s04l 400 81;
Paul, 1864 DIGS; 1000 preferred, IJ6sG 1888; loo
North-Weslcn preferred 49i9 Rock Island, 9G7s;
100 ONO ana Mississippi, AS 200 Delaware, L2cka'
wanna and Western. 5S7s; 100 Delaware ana Hudson,
4sai and 100 Atlantic Racfic Telegraph, 23l2G23ao
RANGE OF TIE MARKEr AT TIE STOCK EXCHANGE.