New-York tribune., 1877-06-13
work. First, IT was reported that-thcrc wa, to he.

work First. 10 was reported that there was 10 be
meeting of railroad officials held here TODAY N
arrange the difficulties relating to the passenger and
fast train business. From all attainabe information
at hour of writing, there seems to be probability
Of such meeting, of there having been any inten
ton to hold one. Second, il was asserted that thu
tolls on the canals we're 10 be raised this is even
more improbable than the last; and third, il was
positively stated that the Pennsylvania Coal Com.
pany had or to withdraw the coal adyer
tIsed to he sold at auction tomorrow. This
last proved to be positively aud absolutely
false and started without the slightest foundation.
YET, although it had the effect OF advancing the
prices OF the coal stocks from TO 1i2 per cent and
undoubtedly originated near TO the Stock EXCHANGE
we do not expect to see the Law commi;teesr take
any active steps to discover the guilty parties he
cause III this the tendency of the false REPORT
was to enhance (but why it should would be dilf
cult to EXPLAIN, instead Of depress nominal yalues
on the New-York Stock Exchange"
The stock market to-day irregular and
feyerish responsive to tie rumors before referred
tn, but, with few exceptions, closes with ip,rna-
terial changes from yesterday. Central and Hnd-
son was persistently "bulledn from the openiny
and worked up from 91l2 10 92s ending AZ
92i2. The idea of an immense benefI to accrue IN
this company by the raising Of canal tolls was ndns
triously inculeated. and not without the effect of
frightening quite a number Of "short ac-
counts" to be closed. But one fact has
been overlooked in this calculation. Now that
it has been demonstrated that provisions
safely come by lake and canal the imposition Of
a toll on them equal to that grain would not help
the railroads to compete. Heretofore the rates on
provisions have always been higher than on grain
yet to-day it rs being taken from Chicago by water
to Newiork at even lower rates than grain by the
same route We note i'll the Buffalo reports Of Satur-
day and Monday the shipment by canal of over
4,O00 packages Of pork and lard. equal 10 about
four railway trains. However by some it was
thought the energetic movement in Central was
made with purpose Of aiding the sale of Lake
Shore, because the latter after opening at
4734 and being pushed up to fS4 sold steadily
down TO n H. reactlDg at the close TO 41s4G41a-
Michigan Central also was opened strong at $50
1913, but returned to ts last nights price. 3Si20
353s The Changers made good STAND, which was
not maintained, although the trading III thesn was
very light. With these, the horse has been led to
the water, but refuses TO drink. 81. Paul preferred
sold at 43l2 pa j0d 493sG49l2, NOrth-NesteT pre-
ferred at 455s 52G 452455s, Rock Island at 9lss
The coal sTocks toated up and down Ike bubbles in
the air without the sign OF IL pound Of anthracite
being attached to hold them steady From the OPEN
ing price, which was more or less below Yesterdays
closing, there a sharp advance and then steady
decline till rallied by tie rmOr before referred 10,
which, beng Immediately officially denied left them
weak again at the close. The, principal huc-
tuatious from the opening to the end were
follows: Delaware, Lackawannz and Western,
32l2G34U3l i2d32Fd3l4; Delaware and liud-
son, 2JG 30a ZGa 2102Gl2, and Morris and Essex,
cx dividend, 5ja57a 5234G55G533.. Western
Union at one time was strong, rising from ~ 3 10
62l2, but later it fell of TO GlSs0O2 The estimated
quarterly report which Is expected to be put forth
Tomorrow is awaited with much interest Taking
il all IN all The market to-day has proved unsaIlsac-
tory 10 both bulls" and 81 bears !" IN character.
mixed; weak when il looked strong, and strong
when II appeared weak. All this is the result of
forced manipulation, which yainly is attempting 10
make water, OF its own yolitOn, run mp hill.
RANCE Or THE MARKET At THE STOCK EXCHANGE.