New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-25
REPORT ". T. MINING STOCK EX
CHANGE SALES. DECEUBER -, 1877.


1t IS nothing unusual for stock spectators to
operate upon erroneous impressions. Sometimes it
happens that these impressions come from q
supposed discovery Of the transactions IN
,tocea of some leading corporation official
but usually they are close to "a studied SUP
preston of facts or half told tale. An official
is asked "How is the business of your company
now {" and the reply that we are doing cousid-
eraby better than we werc," is soon maglifed into
a magnificent business. What the business was
which eve were" doing, and with which the
business of NOV is compared does not
enter INTO the calculation of the reporter
Of the conversation, who has covered his shorts -
and gone few thOus md long" At present
and sol ely for purposes OF stock sreculaiOuit Is
urged as cause FOR tie Hight business OF the rail
roads east OF Chcagot that the unreasonable weather
of the last three weeks has kept open the lake nay
gallon. and that with II change in the weather there
will come a better traffic TO the railroads
Such stories NAV suit the palate of spectators, WHO
were able e. digest the story of Lake shore earn
ns per cent per month" and who at the same time
swallowed the stock al 20 OF above, but the public
require a more substantial diet.
The fact Is that, 50 far ~ it affects shipments from
Chicago the lake navigation closed on December /.
slippers were not possessed OF a sufficient fore
knowledge of what the weather was TO be to induce
of having their cargoes cc-locked in the Straits
# Mqckinac. This frequently has occurred
with shipments made before the Ist of December
Therefore this year. in common with all previous
sea.ous shipments by lake ceased on December i.
The change i'll the relative position OF the Atlantic
port, as the recipients of grain would show this, If
Il were not known by advices from chicago ana
Milwaukee. As the season advances the entct OF
the RAIL discrimination M iTelghtS against NeW-lOTk
becomes more apparent. The commerce OF the city
suffers from loss of trade, and the railroads cont
yeying goods here suffer from loss ol tratilc.
The following tables show the receipt ~ export
able gram each Of the principal ports for each ot
tie iast three Weeks-trum December to y, III
elusive:
RECEIPTS or WHEAT. ~ 49,,
First week Of December, bush 472olt l4oQ,5 $500
second week OF Dec, bush 3-3Utp -e%lt Nhlb
Third week OF Dec, bush. -O'lSO 225'7+O 4tooo
Total bushels received, De-. .,-,.o ,o-,.o.
RECEIPTS OF CORN
NewIorS. Bait PhL
First week in DeGn1sr bush 1929 as s 2iit9 S
fnird week in pee. buslI..... 3i9oi5 6i2'o0 41'"oo
lS eeie o''i'1 to oj4 o6i l55204o IO45eoo
But it must be borne in mind that this exhibit
fails 10 show the full effect of the discrimination
AGAINST New York, because NeW-l OTk Is yer receiF-
ux the benefit OF the receipt Of the latest shipments
'Tne assembly at the stock Exchange. this morn
ing more rcscmbcd a congregation of Wild ANIMALS
tn turning of an honest penny Tin horns, foot
balls and all the tom-foolery' of high carnival
ruled the hour place OF business. Ana from sheer
inability to maintain the discipline OF the Boan The
Governors ordered an adjournment at ! O'Clock.
Nevertheless. there were recorded transactions III
stocks of 10000 shares, generally at advancing
prices The general lndisposlt0n 10 attend 10 DuS!-
e.s offered an opportunity TO the professional ma
npuiat0rs to make prices to suit themselves, ana 10
make the market inviting for the day following
Christmas 80 Lake Shore walked up 10
GO3i. closing at COL; Michigan Geltrai
to 573sa51i2, and Central ana huoSon
10 1885,. The granger stocks were AL strong
with ST. Paul preferred m the ascSnd2H s1i at asa
i1,I,,isud "f III, ncr cent will be declared Tie
coal shares were inactive, but Delaware ana
Hudson rose to 52&i, Delaware, LacAawanna ana
Western remaining steady ri 5U'e a % 'sa oOA2
Western Union nonopohled more than lls Usual
share of the total business and rose to 1'lb, but
closedat 7Gal. The market closed dali but strong.
RANGE Iift sToCk MARhEL
--Acuial Sslrs.--- Closing BIDS. shares
Op,. Nigh Low L. FlusL tid. Asked sold.
C.. &C. & 1. 5i'a ai2 sac 54H d5+ go
chi. q. Is ". lelA ~