New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-02-13

way Association, consisting of the Chicago, Bor.
lington and Quincy, Chicago and Alton, and Chica-
ana Rock I ad roads sst tnF, .nS at Ghsss
road, and the st. Louis, Kansas City and Northern
and Missouri Pacific roads, terminating at st. Lous
was formed in 1S70.tO pool all the Kansas btIsnear
This pool has worked more satisfactorily than anv
other railway combination ever formed. Bus re.
Gently the two st. Louis roads have given the ne.
quired forty days notice chat they will Withdraw
from the association. The Chicago Roil,ray .Ios
says:
The reasons for this given but are rrh
ably threefold. The movement, which gained en-"
siderable proportions in the direction sendng erssn
down the Mississippi 10 New-Orieans and thence 10
believe that they can command much gIeater
share the Western and southwestern traffic than La
hitherto come to them than the Chicago roads have
been willing 10 concede Another IN he
found fact that the Chicago and Alton road has an
n0unced lis intention of building independent ina
TO Kansas City and thus of becoming adrec eompetop
of the ST. Louis Kansas City and Northern for the bust
Tie latter road for the use OF portion of it trace a5
combining Itself to the Chicago business ETH another
reason is embodied in the surse that the Wabash and
Canada Southern lines offered inducements to tbe
ST Louis roads into competition With hcse from
Chicago for The through East and West bun 81 agree
ng 10 back them IN any reduction Of rates that may be
necessary.
All these things 90 to show that the laws Of trade
are superior 10 all artificial methods intended to
manipulate it, to turn it from its natural course
The stock market to-day. with trife larger BUSH
ness than yesterday presents no new feature After
it had opened steady and improved shade, there
WAS a decline of L. per cent, followed by
a sharp rally before the end. The chief
cause Of the late advance was the sup
posed warlke tenor of the European cable
dispatches, which, in accordance with the modem
teachings Of stock speculationi sent al the little
mon stock showed the greatest Improvement for
the day. selling from 3aa4 to 341s. Bat TINS was
ONLY natural because il had recently experienced the
greatest decline. The preferred stock rose from
CO.'S TO 81 H. but was not sought for as was me CON-
mon. The at. Paul stocks were less active. bat
the common rose from 1864 to 3Iss, and the pre-
ferred from 6Sla to 6S3i Rock Island was dull at
9S0s090 Chicago and Alton sold at !l's, anu
Chicago, Burlington and Quincy at lotl4 1854
Lake Shore opened at Gill; rOse to 81 declined 10
I'll, and closed at Obs. Central and Hudson IN
proved to 10il2. at which 1t closed, Michigan Cen
friil so'd at GOA a 60l2, and Erie at 91f0ols.
The coal shares We're heavy and were pressed Tor
SALE but later recovered Oh the closing OF short con;
tracts. Delaware, Lackawanna and western sold
C2s. 200 shares) at 4S3s0475s to 4Sl2a4s3s, Della
ware and tiudson at 46i2G 46a47, Morris and Essex
(2O0l at 72Is, and Central OF Aew-Jersey at l6l20
I6lt Western Union was inactive at 755la 1913
476, and the express stocks were steady. HE
market closed strong and excited